Choushimaru Co.Ltd. (JASDAQ:3075) concluded a business transfer contract to acquire 2 Edomaezushi shops from ALL-F Co., Ltd. for approximately ¥250 million in cash on October 15, 2014. 2 Edomaezushi shops had sales of ¥585 million and operating profit of ¥37 million for the year ended September 2014. 2 Edomaezushi shops reported total assets of ¥126 million as on September 15, 2014. The Board of Directors of Choushimaru approved the transaction. The transaction is expected to complete on November 16, 2014. Miyoshi Tatsuo Accounting Office acted as an independent third party appraiser while Mori, Hamada & Matsumoto Law acted as legal advisor for Choushimaru.

Choushimaru Co.Ltd. (JASDAQ:3075) cancelled the acquisition of 2 Edomaezushi shops from ALL-F Co., Ltd. on October 15, 2015.