UMENOHANA Co., Ltd. (TSE:7604) agreed to acquire Sushihan Co., Ltd. from Sato Restaurant Systems Co., Ltd. (TSE:8163) for ¥2.5 billion on February 14, 2017. Under the terms of the transaction, UMENOHANA Co., Ltd. will acquire 200 shares, representing 100% stake. The agreement of the share purchase and sale contract is expected to be signed on February 14, 2017. For the period ended March, 2016, Sushihan Co., Ltd. had sales of ¥2.07 billion. Conclusion of the contract is expected to take place late February, 2017 and the settlement is expected to take place late March, 2017 to early April, 2017. UMENOHANA Co., Ltd. signed the share transfer agreement to acquire Sushihan Co., Ltd. from Sato Restaurant Systems Co., Ltd. on February 27, 2017. The transaction is expected to be completed by April 1, 2017.

UMENOHANA Co., Ltd. (TSE:7604) completed the acquisition of Sushihan Co., Ltd. from Sato Restaurant Systems Co., Ltd. (TSE:8163) on April 1, 2017.