Fujio Food System Co., Ltd. (JASDAQ:2752) entered into memorandum of understanding to acquire 5.4% stake in UMENOHANA Co., Ltd. (TSE:7604) on November 30, 2016. Fujio Food System will acquire 0.37 million shares of UMENOHANA, and UMENOHANA will acquire 0.35 million shares of Fujio Food System from December 1, 2016 to the end of December, from existing shareholders.

Fujio Food System Co., Ltd. (JASDAQ:2752) cancelled the acquisition of 5.4% stake in UMENOHANA Co., Ltd. (TSE:7604) on November 30, 2017.