Olympus Optical Co. said Monday it will purchase 100,200 shares in ITX Corp. from trading house Nissho Iwai Corp. at a cost of 9.32 billion yen.
With the delivery of stock certificates slated for Jan. 30, the deal will raise Olympus' stake in the information technology concern to 22.34 percent, up from the current 1.9 percent, the optical equipment maker said.
ITX will become an Olympus subsidiary under the equity method.
Olympus said it is looking to reinforce its existing operations and to promote new trade via ITX's network-related technology.
Listed on the Hercules startups sector of the Osaka Securities Exchange, ITX was established in 1984 via a spinoff deal involving Nissho Iwai's information-related division.
As of the end of last year, Nissho Iwai held 42.75 percent of the 490,240 shares issued by ITX.