Ishigaki Foods Co.,Ltd. (TSE:2901) entered into share transfer agreement to acquire 50% stake in Mediart Co., Ltd. from Kenji Mano for ¥150 million on January 17, 2024. As part of transaction, 200 shares will be acquired. For period ended September 2023, Mediart reported net worth of ¥130 million, total assets of ¥223 million, sales of ¥238 million, operating income of ¥43 million and net income of ¥32 million.

The transaction is expected to complete on February 21, 2024. As of February 16, 2024, the transaction is expected to close on March 25, 2024.