Yoshimura Food Holdings K.K. (TSE:2884) agreed to acquire 70% stake in Marukichi Ltd for ¥2.1 billion on December 27, 2022. As a part of transaction, Yoshimura Food Holdings will acquire 42,000 shares of Marukichi. For the year ended December 31, 2021, Marukichi reported net worth of ¥1.11 billion, total assets of ¥4.5 billion, sales of ¥6.9 billion and operating income of ¥571 million.

The transaction is expected to complete on March 1, 2023.