Fujifilm Corporation agreed to acquire 16.29% stake in STUDIO ALICE Co.,Ltd. (TSE:2305) from Torrance Japan Co., Ltd., Shoji Kimura and two of his relatives for ¥6.7 billion on February 7, 2019. A share transfer agreement is planned to be concluded on February 7, 2019. Under the terms, 2.8 million shares will be acquired at ¥2,384 per share. Torrance Japan Co., Ltd. will sell 0.5 million shares, Shoji Kimura will sell 1.8 million shares and his relatives will sell 0.5 million shares. The Board of Directors of STUDIO ALICE Co.,Ltd. passed a resolution on February 7, 2019. The shares will be acquired on the day after the 5th business day of the date specified by the said law or on the date separately agreed. The transaction is expected to be completed by March 15, 2019. Fujifilm Corporation completed the acquisition of 16.29% stake in STUDIO ALICE Co.,Ltd. (TSE:2305) from Torrance Japan Co., Ltd., Shoji Kimura and two of his relatives on March 15, 2019.