Yamada Holdings Co., Ltd. (TSE:9831) agreed to acquire remaining stake in Otsuka Kagu, Ltd. (JASDAQ:8186) on June 8, 2021. Transaction will occur through share swap. Otsuka Kagu, reported a net loss of ¥2.3 billion for the year through April 2021.

Post completion, Otsuka Kagu, Ltd. will become wholly owned subsidiary of Yamada Holdings Co., Ltd. The transaction is expected to complete in September.