Autobacs Seven Co., Ltd. (TSE:9832) agreed to acquire remaining 96.9% stake in Yuei Co., Ltd. from Masatoshi Ichiyanagi on January 9, 2024. Prior to the transaction, Autobacs Seven Co., Ltd. (TSE:9832) held 3.1%. As part of acquisition, 1,920 shares will be acquired.

Stock transfer agreement is scheduled to occur on January 10, 2024. The transaction is expected to complete on April 1, 2024.