HOTLAND Co.,Ltd. (TSE:3196) entered into share transfer agreement to acquire Mochiyaki / Horumon / Grilled Meat Business of M Factory Co., Ltd. and Ishii Co., Ltd. on October 5, 2021. For the fiscal year ending September 2020, the acquire Mochiyaki / Horumon / Grilled Meat Business of M Factory Co., Ltd. generated sales of ¥731 million and Operating loss of ¥93 million. For the fiscal year ending March 2021, Mochiyaki / Horumon / Grilled Meat Business of Ishii Co., Ltd. generated sales of ¥293 million and Operating loss of ¥59 million. The transaction is expected to close on December 1, 2021.