Yamazawa Co., Ltd. agreed to acquire the remaining 90% stake in Yoneya Shoji Co., Ltd. from Ryuichi Sasaki, Hiroshi Sasaki and 8 other shareholders for ¥1.1 billion.

YAMAZAWA CO., LTD. is a company principally engaged in the retail business of various merchandises. The Company operates in three business segments. The Supermarket segment is engaged in the retail of food products, household products and clothing products. The Drug Store segment is engaged in the retail of pharmaceutical products and cosmetic products, as well as the operation of dispensing pharmacy. The Others segment is engaged in the manufacture of food products, including dairy products, delicatessens and others, such as milk, noodles, sushi and rice-based products. This segment is also engaged in the agency of insurance and mobile phones, as well as the purchase, sale and rental of real estate.