Sato Restaurant Systems Co., Ltd. (TSE:8163) signed a basic agreement to acquire Meshiya Miyamoto Munashi business from UG Utsunomiya Corporation on July 1, 2016. Sato Restaurant Systems Co., Ltd. signed a share transfer agreement to acquire Meshiya Miyamoto Munashi from UG Utsunomiya Corporation for ¥1.9 billion on August 2, 2016. In a related transaction, Sato Restaurant Systems Co., Ltd. agreed to acquire a Nagoya-based company. The share sale contract is expected to be concluded by early August 2016 and completion of the transaction is expected between late August, 2016 to early September, 2016. As of August 2, 2016, the transaction is expected to close on September 1, 2016. Sato Restaurant will spend ¥90 million as advisory expenses. Sato Restaurant Systems Co., Ltd. (TSE:8163) completed the acquisition of Meshiya Miyamoto Munashi business from UG Utsunomiya Corporation on September 1, 2016.