Arcland Service Holdings Co., Ltd. (TSE:3085) executed a share transfer agreement to acquire 70% stake in Meal Works Co., Ltd. from Meal Works Laboratory Co., Ltd., Yoshio Kojima, Ari Kumagai, Shinji Saito and others on March 18, 2020. As per the terms of the transaction, Arcland Service will acquire 17,220 shares in Meal Works. For the year ended March 2019, Meal Works Laboratory had net assets of ¥6 million, total assets of ¥3.4 billion, sales of ¥5.3 billion, operating income of ¥93 million and profit of ¥27 million. It is assumed that the fair trade committee has completed the business combination review and the transaction is expected to be completed by April 30, 2020.