Tokai Corp. (TSE:9729) agreed to acquire nursing care equipment lending and nursing care equipment sales business from Ibiden Industries Co.,Ltd. for ¥11 million on January 19, 2019. As on January 21, 2019, a contract was signed for the deal. For the fiscal year ended March 2018, nursing care equipment lending and nursing care equipment sales business reported sales of ¥52 million. The deal shall be carried out without resolution from the shareholders’ meeting of Tokai Corp. The Board of Directors of Tokai Corp. passed a resolution for the deal on January 19, 2019. The deal is expected to close on March 31, 2019.