Seiko Corporation (JASDAQ:6286) agreed to acquire Kyowa Tec Co., Ltd. from Jiro Kurita on May 27, 2020. As part of the acquisition, Seiko Corporation will acquire 390 shares of Kyowa Tec Co., Ltd. As of September 30, 2019, Kyowa Tec Co., Ltd has a total assets of ¥ 165.6 million, revenue of ¥365.8 million, net income of ¥10.8 million, net worth of ¥ 38.3 million and operating income of ¥15.7 million. The contract date and the stock transfer execution date is expected to be July 3, 2020. The effect of the share acquisition on Seiko's consolidated business results for the fiscal year ending March 2021 is immaterial. Seiko Corporation (JASDAQ:6286) cancelled the acquisition of Kyowa Tec Co., Ltd. from Jiro Kurita on October 23, 2020.