Global Medical Research Institute Co., Ltd. agreed to acquire sports business from Yamano Holdings Corporation (JASDAQ:7571) for ¥1.5 billion in cash on March 15, 2017. Sport business includes 10 Powers stores, 3 Sports World stores, 1 S.R.C. store, 1 Shockwave store and 1 Ikebukuro Syuzanso store. As on January 31, 2017, Sport Business of Yamano Holdings Corporation reported total assets of ¥1.5 billion. The transaction has been resolved by the Board of directors of Yamano Holdings Corporation. The extraordinary shareholders’ meeting is scheduled on May 22, 2017. The transaction is expected to be completed on May 23, 2017.