This is to announce that our wholly managed and operated investment fund, J-STAR Number One Investment Limited Partnership, has transferred all of the shares of TSS Co., Ltd. (Headquarters: Sasgamihara-shi, Kanagawa, Representative Director: Mr. Teruo Konishi, Website:, “TSS”) to KANSAI ELECTRINIC IND. Co., Ltd., (Headquarters: Amagasaki-shi, Hyogo, Representative Director: Hiroshi Sugawara, “KEI”,)

Established in 2009, TSS develops and manufactures print circuit boards, power electronics, in-vehicle lights, and specialty circuit boards using LED, such as large current boards and metal boards.

By joining KDI group, TSS will benefit from synergies between the two companies in specialty circuit boards technologies that KDI has as well as in human resources, facilities, and markets. After a careful consideration, we came to a conclusion that TSS’s business expansion can be expected with the new business partner.

In concluding this contract, we enlisted the assistance of Kohki Law Office as legal advisor.

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Announcement of Share Transfer of TSS Co., Ltd.