Autobacs Seven Co., Ltd. (TSE:9832) entered into stock transfer agreement to acquire Kondo Jidosha Kogyo Co., Ltd. from Hideo Kondo and others on April 9, 2024. As per the transaction, Autobacs Seven Co., Ltd. will acquire 0.02 million shares of Kondo Jidosha Kogyo Co., Ltd. As per the transaction Hideo Kondo will sell 82.5% of Kondo Jidosha Kogyo Co., Ltd. The transaction is expected to close on May 1, 2024.