# TDK to acquire 23.93% stake in Toda Kogyo

TDK Corporation agreed to acquire all outstanding shares of Toda Kogyo held by ITOCHU, giving TDK a 23.93% stake and making Toda Kogyo an equity method affiliate.

- Type: Acquisition
- Announced: 2018-07-30
- Where: Japan
- Status: announced
- Products: iron oxide, electronic materials, magnetic materials
- Sectors: [Semiconductors and Industrial Electronics](https://endata.com/sectors/semiconductors-electronics.md)

## Companies

- [ITOCHU](https://endata.com/companies/1234.md) (partner)
- [TDK Corporation](https://endata.com/companies/15441.md) (acquirer)
- [Toda Kogyo Corp.](https://endata.com/companies/33377.md) (target)

## Sources

- [tdk.com](https://www.tdk.com/en/news_center/press/20180730_01.html), 2018-07-30: "TDK aims to achieve a breakthrough in market-driven solutions with a focus on the electronic components business."

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.