Naigai Tec Corporation (JASDAQ:3374) entered into an agreement to acquire an unknown minority stake in Irie Koken Co., Ltd. for ¥22 million on March 22, 2021. Under the terms, Naigai Tec Corporation will acquire 5,500 shares of Irie Koken Co., Ltd. In a related transaction, Naigai Tec Corporation agreed to acquire 9,000 new shares of Irie Koken Co., Ltd. for ¥36 million. Post completion f these transactions, Naigai Tec Corporation will hold 13% stake in Irie Koken Co., Ltd. The transaction is expected to close on March 29, 2021.