Yoshimura Food Holdings K.K. (TSE:2884) entered into an agreement to acquire Kaorime Hompo, K.K. from Shinichi Fujiwara for ¥1 billion on March 18, 2020. As per the terms of the transaction, Yoshimura Food Holdings K.K. will acquire 27,000 shares in Kaorime Hompo, K.K. For the year ended April 30, 2019, Kaorime Hompo, K.K. reported net assets of ¥1.13 billion, total assets of ¥1.22 billion, sales of ¥829 million and operating profit of ¥53 million. The share transfer execution date is planned as May 1, 2020. As of April 27, 2020, the planned share transfer execution date is changed to June 1, 2020. Due to the announcement of an emergency declaration due to the spread of new coronavirus infectious diseases, Kaorime Hompo minority shareholders took time to consolidate their shares, hence execution date was changed. The acquisition involves advisory fees of approximately ¥60 million. Yoshimura Food Holdings K.K. (TSE:2884) completed the acquisition of Kaorime Hompo, K.K. from Shinichi Fujiwara on June 1, 2020.