Tonami Holdings Co. Ltd. (TSE:9070) signed a contract to acquire Chuo Reizo Co., Ltd. from Koji Hirashio and Yaroku Kimitsuka on June 29, 2016. Tonami Holdings Co. will acquire 48,000 shares of Chuo Reizo Co., Ltd. as part of the transaction. Koji Hirashio will sell 66.7% and Yaroku Kimitsuka will sell 33.3% stake in Chuo Reizo Co., Ltd. The deal is resolved by the Board of Directors of Tonami Holdings on June 29, 2016. The transaction is expected to complete on July 1, 2016.