Hikari Tsushin, Inc. (TSE:9435) signed a contract to acquire NIHONKYOSAI Co., Ltd. from Noritsu Koki Co., Ltd. (TSE:7744) on July 7, 2020. For the year ending March 2020, NIHONKYOSAI reported total assets of ¥2.9 billion, net assets of ¥441 million and net income of ¥24 million. The deal is subject to the approval of the relevant authorities.

The Board of Directors of Noritsu Koki passed a resolution for the deal on July 7, 2020.