Nissui Pharmaceutical Co., Ltd. (TSE:4550) agreed to acquire 10% stake in Nihon Techno Service Co., Ltd. from Takashi Masaki on March 27, 2020. As per terms, Nissui Pharmaceutical Co., Ltd. will acquire 20 shares. In a related transaction, Nissui Pharmaceutical Co., Ltd. will subscribe for 40 shares in Nihon Techno Service Co., Ltd. Post completion of both transactions, Nissui Pharmaceutical Co., Ltd. will hold 25% stake in Nihon Techno Service Co., Ltd. For the year ended May 31, 2019, Nihon Techno Service Co., Ltd. reported total sales of ¥1.1 billion and operating income of ¥41 million. The transaction is expected to close on March 31, 2020.