Tsudakoma Corp. (TSE:6217) signed a contract to acquire the remaining 40% stake in Kyowa Electronics & Machinery Industrial Co., Ltd. from five individuals on March 23, 2020. On completion, Tsudakoma will hold 100% stake in Kyowa Electronics & Machinery. Transaction was resolved by the Board of Tsudakoma. Transaction is expected to close on March 26, 2020. The impact of the transaction on Tsudakoma's consolidated business results is insignificant. Tsudakoma Corp. (TSE:6217) cancelled the acquisition of 40% stake in Kyowa Electronics & Machinery Industrial Co., Ltd. from five individuals on March 23, 2021.