Autobacs Seven Co., Ltd. (TSE:9832) entered into a letter of intend to acquire remaining 51% stake in G-7 AUTOBACS Tsukuba Co., Ltd. from G-7 Auto Service Co., Ltd for JPY 25.5 million on July 25, 2022. As of March 31, 2022, G-7 AUTOBACS Tsukuba reported total revenue of JPY 32,264 million, total assets of JPY 13,584 million and total comon equity of JPY 8,988 million. The deal is expected to close on August 4, 2022.