SE Corp. (JASDAQ:3423) agreed to acquire Tekken Kogyo K.K. from Keiki Yasui, Takao Fukushim, Yumi Yasui, Masaki Yasui and other investors for approximately ¥100 million on March 24, 2014. Se Corporation will acquire 18,500 shares.

Keiki Yasui holds 33.8% stake, Takao Fukushima holds 15.9% stake, Yumi Yasui holds 15.6% and Masaki Yasui holds 15.2% stake in Tekken Kogyo. The transaction will be funded by cash on hand. For the year ending November 2013, Tekken Kogyo reported net assets of ¥195 million, total assets of ¥417 million, sales of ¥491 million, operating profit of ¥5 million and net income of ¥14 million.

Board of Directors of Se Corporation resolved on March 24, 2014. The transaction is expected to close by April 7, 2014.