Nichicon Corporation (TSE:6996) signed a basic agreement to acquire Yutaka Electric Mfg. Co., Ltd. on April 8, 2015. Yutaka Electric generated net sales of ¥5.5 billion. A final agreement is expected to be concluded mid-May 2015. The transaction will have a major impact on Nichicon's consolidated performance. Nichicon Corporation (TSE:6996) signed a final agreement to acquire Yutaka Electric Mfg. Co., Ltd. on May 26, 2015. The transaction is expected to close on June 30, 2015.

Nichicon Corporation (TSE:6996) completed the acquisition of Yutaka Electric Mfg. Co., Ltd. on June 30, 2015.