An unknown buyer agreed to acquire Ogura Clutch Do Brasil Ltda. from Ogura Clutch Co.,Ltd..

OGURA CLUTCH CO., LTD. is a Japan-based company primarily engaged in manufacture and sale of automobile parts and industrial parts. The Company operates in two business segments. The Transportation Equipment segment is engaged in the manufacture and sale of clutches for the automotive parts industry, including clutches for car air conditioners. The General Industrial segment is engaged in the manufacture and sale of motors, transmissions and reduction gears, clutches and brakes for the elevator and transport machinery industry and the office automation (OA) equipment industry. In addition, the Company is also engaged in the transportation equipment business for the disaster prevention related industry, as well as the business other than general industrial business.