Sugita Ace Co.,Ltd. (JASDAQ:7635) agreed to acquire an additional 19.95% stake in Mashimo Ace K.K. on June 14, 2013. Sugita Ace will acquire 17,507 shares and will increase its holding to 87,536 shares. Board of Directors of Sugita Ace Co.,Ltd. made a resolution in favor of the transaction on June 14, 2013.

The transaction is expected to close on June 28, 2013.