OIZUMI Corporation (TSE:6428) entered into share transfer agreement to acquire Shimonita Bussan, K.K. from Ichiro Ichikawa on January 24, 2020. Under the terms of this transaction, OIZUMI acquired 200 shares representing 100% stake in Shimonita Bussan. For the year ended February 2019, Shimonita Bussan reported sales of ¥2.54 billion, operating income of ¥142.97 million, ordinary profit of ¥133.96 million, net income of ¥102.81 million, net assets of ¥456.17 million and total assets of ¥1.94 billion. At a meeting of the Board of Directors held on January 24, 2020, OIZUMI resolved this transaction. This transaction is expected to close on January 24, 2020. OIZUMI Corporation (TSE:6428) canceled the acquisition of Shimonita Bussan, K.K. from Ichiro Ichikawa on January 24, 2021