Seiko PMC Corporation (TSE:4963) agreed to acquire 90% stake in chemicals business from Kohjin Film & Chemicals Co., Ltd. for ¥1.4 billion in cash on November 29, 2013. The chemicals business reported sales of ¥3 billion, total assets of ¥3.6 billion and net assets of ¥2.3 billion for the year ended March 31, 2013. The transaction is expected to close on April 1, 2014.