Welcia Holdings Co., Ltd. (TSE:3141) agreed to acquire 50.1% stake in Yodoya Drug Co., Ltd. from Hitoshi Sato and 3 other individuals on October 9, 2019. As per terms, Welcia Holdings Co., Ltd. will acquire 426 shares of Yodoya Drug Co., Ltd. For the year ended March 31, 2019, Yodoya Drug Co., Ltd. reported total assets of ¥4.8 billion, net assets of ¥787 million, net sales of ¥10.3 billion, operating income of ¥61 million and net loss of ¥138 million. The transaction was approved by the board of directors of Welcia Holdings Co., Ltd. The transaction is expected to close on March 2, 2020.