Idemitsu Kosan Co. Ltd. (TSE:5019) signed a basic agreement to acquire 5% stake in Yellow Hat Ltd. (TSE:9882) on November 11, 2011. Idemitsu Kosan Co. Ltd. (TSE:5019) signed an agreement to acquire 5% stake in Yellow Hat Ltd. (TSE:9882) from Nakahara Shouji and 2 individuals for ¥1.7 billion in cash on April 3, 2012. Idemitsu Kosan will acquire 1.25 million shares of Yellow Hat Ltd. The Board of Directors of Idemitsu Kosan and Yellow Hat have approved the transaction on April 3, 2012. The transaction is expected to close by April 4, 2012.

Idemitsu Kosan Co. Ltd. (TSE:5019) cancelled the acquisition of 5% stake in Yellow Hat Ltd. (TSE:9882) on November 11, 2012.