Seiko Corporation (JASDAQ:6286) agreed to acquire an additional 69% stake in Nippon Kikai Shoji Co.,Ltd from Toshihiko Kakeshita and 2 others on May 16, 2017. Seiko Corporation resolved to acquire 690 Nippon Kikai Shoji's shares. As of May 16, 2017, Toshihiko Kakeshita holds 45% stake in Nippon Kikai Shoji Co.,Ltd. As a result of the transaction, Seiko Corporation will increase its voting power in Nippon Kikai Shoji from 13% (130 shares) to 82% (820 shares). The transaction is expected to close on May 31, 2017.