Sanko Co., Ltd. (TSE:6964) acquired 43.53% stake in Tensho Poland Corporation Sp Z O O from Tensho Electric Industries Co., Ltd. (TSE:6776) for approximately ¥680 million on March 29, 2013. Tensho Electric Industries sold 0.07 million shares of Tensho Poland Corporation and pursuant to the transaction, Tensho Electric Industries holds 20.1% stake in Tensho Poland Corporation. Due to the share transfer, Tensho Electric expects a generation of around ¥94 million as profit from the sale of shares. For the year 2012, Tensho Poland Corporation reported revenues of ¥1.59 billion, operating losses of ¥115 million, total assets of ¥2.26 billion and net assets of ¥1.26 billion.

Sanko Co., Ltd. (TSE:6964) completed the acquisition of 43.53% stake in Tensho Poland Corporation Sp Z O O from Tensho Electric Industries Co., Ltd. (TSE:6776) on March 29, 2013.