Hankyu Hanshin Holdings Inc. (TSE:9042) entered into basic agreement to acquire a stake in Seino Holdings Co., Ltd. (TSE:9076) for ¥1 billion on November 18, 2016. In a related transaction, Seino Holdings Co., Ltd. entered into basic agreement to acquire a stake in Hankyu Hanshin Holdings Inc. for ¥1 billion on November 18, 2016.