Yonezawa, K.K. entered into contract to acquire eyeglasses business from Sadamatsu Co. Ltd. (JASDAQ:2736) for approximately ¥110 million on October 24, 2016. The consideration will be paid in cash. Board of Directors of Sadamatsu Co. Ltd. made a resolution in favor of the transaction on October 24, 2016. The business transfer will be implemented in two tranches on December 1, 2016 and January 1, 2017. Yonezawa, K.K. cancelled the acquisition of the eyeglasses business from Sadamatsu Co. Ltd. (JASDAQ:2736) on October 24, 2017.