Yamada Holdings Co., Ltd. (TSE:9831) entered into a share exchange agreement to acquire remaining 49.98% stake in Hinokiya Group Co.,Ltd. (TSE:1413) from a group of shareholders for ¥17 billion on February 10, 2022. As per the transaction, Hinokiya Group Co.,Ltd. shareholders will receive 6.2 shares in Yamada Holdings Co., Ltd. for every share held. Yamada Holdings Co., Ltd. already owned 50.02% stake in Hinokiya Group Co.,Ltd. The transaction is approved by board of directors of Hinokiya Group Co.,Ltd. and is expected to close on April 27, 2022.