Tensho Electric Industries Co., Ltd. (TSE:6776) signed a basic agreement to acquire Ryumai Plastics Co., Ltd. from Rp Topla Ltd. on March 19, 2021. As of March 31, 2020, Ryumai had net assets of ¥336 million and total assets of ¥3.06 billion. As of March 19, 2021, Board of Directors of Tensho Electric approved the transaction. Transaction is expected to complete on July 1, 2021. Tensho Electric Industries Co., Ltd. (TSE:6776) completed the acquisition of Ryumai Plastics Co., Ltd. from Rp Topla Ltd. on April 25, 2021.