j-Group Holdings Corp. (TSE:3063) agreed to acquire 50% stake in Kawaya International Co., Ltd. for ¥360 million on November 29, 2017. As per the terms of the transaction, j-Group Holdings Corp. will acquire 0.43 million shares and will carry out the management and franchise development of Hakata Kawaya franchisee of Kawaya International by subscribing to the third-party allocation of Kawaya International Co., Ltd. The share transfer and third-party allocation execution date is expected to be November 30, 2017. j-Group Holdings Corp. (TSE:3063) cancelled the acquisition of 50% stake in Kawaya International Co., Ltd. on November 29, 2018.