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.