Sushiro Global Holdings Ltd. (TSE:3563) signed a share transfer agreement to acquire Kyotaru Co., Ltd. from Yoshinoya Holdings Co., Ltd. (TSE:9861) on February 26, 2021. As of February 29, 2020, Kyotaru had net assets of ¥4.4 billion and total assets of ¥11.1 billion. For the year ended February 29, 2020, Kyotaru generated revenue of ¥28.5 billion, operating income of ¥180 million and net income of ¥45 million.

Board of directors of Yoshinoya Holdings approved the transaction. Transaction is expected to complete by April 2021.