Haze Shoji Co., Ltd. agreed to acquire 40% stake in Koa Shoji Holdings Co.,Ltd. (TSE:9273) from Toshiyuki Shudo on November 13, 2019. As per the transaction, Haze Shoji Co., Ltd. agreed to acquire 3.96 million shares. Post completion, Toshiyuki Shudo will hold 2.53 million shares representing 25.58% stake of Koa Shoji Holdings Co.,Ltd. Transaction is planned to complete on November 13, 2019. Haze Shoji Co., Ltd. cancelled the acquisition of 40% stake in Koa Shoji Holdings Co.,Ltd. (TSE:9273) from Toshiyuki Shudo on November 13, 2020.