Mitsuchi Corporation (JASDAQ:3439) agreed to acquire Sousei Engineering Co., Ltd. from five individuals on October 30, 2020. As per terms, Mitsuchi Corporation shall acquire 168 shares of Sousei Engineering Co., Ltd. equivalent to 100% stake. Following the acquisition, Sousei Engineering Co., Ltd will operate as a subsidiary of Mitsuchi Corporation. The transaction is expected to complete on December 1, 2020. The impact of the acquisition of the shares on the consolidated financial results of Mitsuchi Corporation for the fiscal year ending June 2021 is currently under scrutiny. Mitsuchi Corporation (JASDAQ:3439) completed acquisition of Sousei Engineering Co., Ltd. from five individuals on December 1, 2020.