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.

Seiko PMC Corporation (TSE:4963) completed the acquisition of 90% stake in chemicals business from Kohjin Film & Chemicals Co., Ltd. on April 1, 2014. Post transaction, Seiko PMC Corporation eastablished a company of the chemicals business with the name KJ Chemicals Co., Ltd. The new executives of KJ Chemicals Co., Ltd., Shin Oka will be as Representative Director and President, Satoru Takizawa will be as a Director, Shigeaki Nitta and Gakushi Maruyama will be Directors and Michihiro Onishi will be the Auditor.