Nankai Tatsumura Construction Co.,Ltd. (TSE:1850) entered into an agreement to acquire 87.8% stake in Keihan Electronics Co., Ltd. from Isao Nishimura and three relatives of Isao Nishimura on September 17, 2013. Keihan Electronics reported net assets of ¥282 million, total assets of ¥463 million, net sales of ¥887 million, operating income of ¥23 million, ordinary income of ¥29 million and net income of ¥8 million for the year ended March 31, 2013.

Isao Nishimura will serve as advisor to Nankai Tatsumura Construction Co., Enzou Kamiyama, Director and Chief Executive Officer of Nankai Tatsumura Construction Co, will serve as Representative Director, Director and President of Keihan Electronics, Koichi Komiyama will serve as Executive Managing Director of Keihan Electronics, Koichi Izaki, President and Director of Nankai Tatsumura Construction, will serve as part-time Director of Keihan Electronics, Shigeru Kuramoto, Director, Managing Executive Officer, and construction General Manager of Nankai Tatsumura Construction, will serve as part-time Director of Keihan Electronics, Kenichi Hasegawa, full-time Auditor of Nankai Tatsumura Construction, will serve as part-time Auditor of Keihan Electronics. The Board of Directors of Nankai Tatsumura resolved the transaction. The transaction is expected to close by October 1, 2013.