Totech Corporation (TSE:9960) agreed to acquire 85.4% stake in KP Energy LLC from KP Energy Institute on March 3, 2017. Totech Corporation will acquire ¥3 billion stake in KP Energy. During the year ended November 2016, KP Energy LLC had net assets of ¥0.05 million, total assets of ¥0.45 million, operating loss of ¥0.32 million, and net loss of ¥0.39 million. Totech Corporation made a resolution in favor of the transaction on March 3, 2017. The tentative stake acquisition date is March 13, 2017.