Hikari Tsushin, Inc. (TSE:9435) acquired 39.46% stake in Towa Global Tech Corp. Ltd. from TB Group Inc. (TSE:6775) for approximately ¥300 million on March 31, 2015. Hikari Tsushin acquired 0.01 million shares at ¥25,300 per share. Additionally, Towa Global will issue 6,324 shares at price of ¥25,300 per share to Hikari Tsushin on April 17, 2015. TB Group will then decrease its voting rights in Towa Global Tech to 50% from the current 100%. Board of Directors of TB Group Inc. made a resolution in favor of the transaction on March 31, 2015.

Hikari Tsushin, Inc. (TSE:9435) completed the acquisition of 39.46% stake in Towa Global Tech Corp. Ltd. from TB Group Inc. (TSE:6775) on March 31, 2015.