Autobacs Seven Co.,Ltd. (TSE:9832) agreed to acquire a 70% stake in FATRASTYLING Inc. from Yoshiyuki Tanuma and Mie Tanuma on February 25, 2022. As part of the transaction, Autobacs seven will acquire 350 shares in FATRASTYLING. Post completion, Autobacs will hold 70% stake in FATRASTYLING.

FATRASTYLING scheduled to change its trade name after approval at the extraordinary general meeting of shareholders and the board of directors to be held on April 1, 2022. The share transfer agreement is planned to be signed on February 28, 2022, and acquisition is expected to be completed on April 1, 2022. The impact of the acquisition on the Autobacs 's consolidated business results for the current fiscal year is minor.