Seiko Electric Co., Ltd. (FKSE:6653) agreed to acquire Trytec Co., Ltd. from 9 Stage No. 3 Investment Limited Partnership managed by Fukuoka Capital Partners Co., Ltd. for ¥500 million on March 24, 2017. A contract will be signed on March 27, 2017. Seiko Electric will acquire 52 shares of Trytec. On completion, Trytec will become a subsidiary of subsidiary of Seiko Electric. Trytec reported net assets of ¥364 million, total assets of ¥464 million, sales of ¥601 million, operating profit of ¥89 million and net income of ¥57 million during the period ended October 2016. The deal was resolved by the Board of Directors of Seiko Electric on March 24, 2017. The deal is expected to close on April 17, 2017. Seiko Electric will pay ¥25 million as advisory fee.