Mutsuo Yonekura, Representative Director of Tecno Electric Industry Co., Ltd. signed a share transfer agreement to acquire Tecno Electric Industry Co., Ltd. from Tabuchi Electric Co., Ltd. (TSE:6624) on November 6, 2018. A total of 436 shares will be acquired as part of the deal. Tecno Electric reported net assets of ¥52.28 million, total assets of ¥950.78 million, sales of ¥769.66 million, operating loss of ¥28.45 million and net loss of ¥7.68 million as of March 31, 2018. Board of Tabuchi Electric resolved in favor of the deal on the same date. Deal is expected to close by January 10, 2019 or on the day separately agreed by Tabuchi Electric and Mutsuo Yonekura. Mutsuo Yonekura cancelled the acquisition of Tecno Electric Industry Co., Ltd. from Tabuchi Electric Co., Ltd. (TSE:6624) on November 6, 2019.