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.

Nippon Light Metal Holdings Company, Ltd. (TSE:5703) cancelled the acquisition of additional 31% stake in Sumikei-Nikkei Engineering Co.,Ltd. from UACJ Corporation (TSE:5741) on August 2, 2019.