Shoei Corporation (TSE:9385) signed a contract 50.1% stake in Fine Chemetics Inc. on August 26, 2021. As per terms of transaction, Shoei Corporation will acquire 39,078 shares. As on March 31, 2021, Fine Chemetics Inc. reported Net assets of ¥297 million, Total assets ¥1,240 million, Sales of ¥2,212 million, Ordinary profit of ¥62 million and Net income of ¥17 million. With this acquisition of shares, the Shoei Corporation will become a consolidated subsidiary of the Shoei Corporation . The impact of this matter on the Shoei Corporation consolidated financial results for the fiscal year ending March 2022 is expected to be minor. Shoei Corporation (TSE:9385) completed the acquisition of 50.1% stake in Fine Chemetics Inc. on August 26, 2021.