Totech Corporation (JASDAQ:9960) concluded a contract to acquire D.S. Tec Co., Ltd. from Daikin Industries Ltd. (TSE:6367) for ¥1 billion on January 29, 2016. Totech Corporation will acquire 1000 shares of D.S. Tec Co., Ltd. D.S. Tec Co., Ltd. reported net assets of ¥916 million, total assets of ¥2.23 billion, sales of ¥8.41 billion, operating profit of ¥243 million and net income attributed to the parent company of ¥143 million during the year ending March 2015. The Board of Directors passed a resolution for the transaction on January 29, 2016.

The transaction is expected to be completed on April 1, 2016.