TDK Corporation (TSE:6762) agreed to acquire additional unknown minority stake in Toda Kogyo Corp. (TSE:4100) from ITOCHU Corporation (TSE:8001) on July 30, 2018. Parties signed an agreement on January 10, 2019. Under the transaction, TDK Corporation will acquire 1.3 million outstanding and treasury shares. Post transfer, TDK Corporation will own 1.5 million shares (including treasury stock) representing 23.93% stake.

TDK Corporation (TSE:6762) completed the acquisition of additional unknown minority stake in Toda Kogyo Corp. (TSE:4100) from ITOCHU Corporation (TSE:8001) on January 10, 2019.