Suzuden Corporation (TSE:7480) agreed to acquire Aichi Electric Co., Ltd from a group of individuals on March 28, 2016. A contract is expected to be signed on April 1, 2016. Suzuden will acquire 200 shares of Aichi Electric. The group of individuals includes Hanako Tanaka, Hitoshi Tanaka, Hiroyuki Tanaka, Setsuko Tanaka, Yuki Tanaka, Yoshiki Tanaka, and Saki Tanaka. Hanako Tanaka will sell 56% stake in Aichi Electric. On completion, Aichi Electric will become a subsidiary of Suzuden. Aichi Electric reported negative net assets of ¥3 million, total assets of ¥56 million, sales of ¥111 million, operating loss of ¥3 million and net loss of ¥1 million during the period ended July 2015. The transaction is expected to close by September 30, 2016. Suzuden Corporation (TSE:7480) completed the acquisition of Aichi Electric Co., Ltd from a group of individuals on October 1, 2016.