Toyo Hakko Co., Ltd. agreed to acquire Nippon Lace Co., Ltd. from Econach Holdings Co.,Ltd. (TSE:3521) for ¥300 million on September 21, 2017. Toyo Hakko Co., Ltd. will acquire 0.32 million shares. The tentative date of conclusion of the transfer contract is September 29, 2017. On September 29, 2017, a share transfer agreement was concluded. During the year ended March 2017, Nippon Lace Co., Ltd had total assets of ¥280.15 million, net assets of ¥242.35 million, revenue of ¥341.38 million, operating income of ¥16.31 million and net income of ¥12.45 million. The Board of Directors of Econach Holdings Co.,Ltd. made a resolution on September 21, 2017. The tentative share transfer date is October 2, 2017.