Elematec Corporation (TSE:2715) agreed to acquire a part of business of customer parts sales division from Ichikoh Industries Ltd. (TSE:7244) for ¥1 billion in cash on October 6, 2015. The acquisition is expected to close on November 20, 2015. Ichikoh Industries expects an extraordinary profit of ¥1 billion recorded as gain on sale of business for third quarter of the year ending March 2016.
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- Elematec Corporation agreed to acquire a part of business of customer parts sales division from Ichikoh Industries Ltd. for ¥1 billion.