Meidi-Ya Co., Ltd. entered into a letter of intent to acquire 8 Kentucky Fried Chicken Restaurants in Tokyo of Nissin Shoji Co.,Ltd. (TSE:7490) on August 20, 2021. As of March 31, 2021, 8 Kentucky Fried Chicken Restaurants in Tokyo reported revenue of ¥1.19 billion and EBIT of ¥23 million. The transaction was resolved by the board of directors of Nissin Shoji on August 20, 2021. The agreement to expected to sign on August 30, 2021. The transaction is expected to close on September 30, 2021.