Nippon Light Metal Holdings Company, Ltd. (TSE:5703) agreed to acquire an additional 31% stake in Sumikei-Nikkei Engineering Co.,Ltd. from UACJ Corporation (TSE:5741) on August 2, 2018. Upon completion, Nippon Light Metal Holdings Company, Ltd.'s stake in Sumikei-Nikkei Engineering Co.,Ltd. will increase from 50% to 81% and UACJ Corporation's stake will decrease from 50% to 19%. Sumikei-Nikkei Engineering Co.,Ltd. reported sales of ¥11.7 billion in year ended December 31, 2017.

The transaction is subject to conditions such as approval by relevant authorities and is expected to complete by end of September 2018.