Morpho, Inc. (TSE:3653) agreed to acquire 20.8% stake in PUX Corporation from Panasonic Corporation (TSE:6752) for ¥80 million on October 17, 2019. The parties entered into an agreement on November 8, 2019. Morpho will acquire 374 shares as a part of the transaction. As of March 2019, PUX reported net sales of ¥720 million, operating income of ¥63 million, ¥288 million of net assets and total assets of ¥466 million.

Morpho, Inc. (TSE:3653) completed the acquisition of 20.8% stake in PUX Corporation from Panasonic Corporation (TSE:6752) on November 15, 2019.