Sugita Ace Co.,Ltd. (JASDAQ:7635) agreed to acquire the remaining 0.03% stake in Tokuda Mashimo Ace Co., Ltd. on January 29, 2019. The merger agreement is expected to be concluded on February 27, 2019. As of January 29, 2019, Sugita Ace Co.,Ltd. holds 99.97% stake in Tokuda Mashimo Ace Co., Ltd. For the year ended March 31, 2018, Tokuda Mashimo Ace Co., Ltd. had net assets of ¥483 million, total assets of ¥1.1 billion, sales of ¥2.4 billion and operating income of ¥19 million. The transaction was resolved by the Board of Directors of Sugita Ace Co.,Ltd. on January 29, 2019 and is expected to close on April 1, 2019.