Sacos Corporation (JASDAQ:9641) agreed to acquire additional 28% stake in Futaba Electric Co., Ltd from Hanae Tega, Kentaro Tega, Takeyasu Tega, Hisayoshi Nohara, Toshihisa Nohara and Yasuhisa Nohara for approximately ¥140 million on September 11, 2017. Sacos will acquire 0.0067 million shares (35%) of Futaba Electric and will hold a total of 0.0151 million shares (63%) of Futaba Electric on closing. For the year ended March 2017, Futaba Electric reported net assets of ¥589 million, total assets of ¥686 million, sales of ¥662 million, operating profit of ¥78 million and net income of ¥51 million. The Board of Directors of Sacos on September 11, 2017 resolved the transaction. The tentative date for conclusion of share transfer contract is September 19, 2017 and the transaction date is September 29, 2017.