Mutoh Itex Co., Ltd. intends to acquire 60% stake in Sekonic Giken Co., Ltd from Sekonic Holdings Corporation (TSE:7758) for ¥55.2 million on May 15, 2019. Under the term, Sekonic Holdings Corporation will transfer 600 shares of Sekonic Giken to Mutoh Itex. As of March 31, 2019, Sekonic Giken reported total common equity of ¥86.13 million, total asset of ¥110.41 million, revenue of ¥148.72 million, EBIT of ¥13.94 million and net income of ¥10.64 million. The transaction was resolved by the board of directors of Sekonic Holdings Corporation on May 15, 2019. The contract is expected to be date in mid May 2019. The transaction is expected to close on July 1, 2019.