Osaka Soda Co., Ltd. (TSE:4046) agreed to acquire 31.3% stake in Nitto Kako Co., Ltd. (TSE:5104) from Mitsubishi Chemical Corporation on February 19, 2018. As per the terms of transaction, Osaka Soda will acquire 1.2 million shares in Nitto Kako and will hold 31.3% stake. The transaction is expected to close on March 23, 2018.

The transaction is expected to have minimal impact in the financial result of Osaka Soda.