Meitetsu Kyosho Co.,Ltd. entered into a contract to acquire parking lot management-related business of BIKE O & Co., Ltd. for ¥780 million on October 3, 2017. Under the terms of the transaction, Meitetsu Kyosho will acquire 200 shares of the parking lot business which will be established as a new company. As of November 2016, parking lot management-related business reported sales of ¥776 million. The transaction was resolved by the board of directors of BIKE O & Co., Ltd. The transaction is expected to be closed on November 30, 2017. Meitetsu Kyosho Co.,Ltd. cancelled the acquisition of parking lot management-related business of BIKE O & Co., Ltd. on October 3, 2018.