Sagami Chain Co. Ltd. (TSE:9900) agreed to acquire 76.07% stake in Ajinomingeifoods Services, Co.,Ltd. from Nissin Foods Holdings Co., Ltd (TSE:2897) and others for approximately ¥910 million on December 4, 2013. Sagami Chain Co.

Ltd. will acquire 0.27 million shares of Ajinomingeifoods Services, Co.,Ltd. representing 76.07% stake. For the year ended March 2013, Ajinomingeifoods Services reported total assets of ¥2.9 billion, net assets of ¥1.06 billion, sales of ¥5.19 billion, operating loss of ¥481 million and net loss of ¥455 million. The transaction has been resolved by Board of Directors of Sagami Chain Co.

Ltd on December 4, 2013. The conclusion of share transfer agreement is expected on December 5, 2013. The transaction is expected to close by January 7, 2014.

An amount of ¥5 million will be paid as advisory costs for the transaction.