Fujio Food System Co., Ltd. (TSE:2752) agreed to acquire Great Eastern Corporation from a group of sellers for ¥2.7 billion on February 22, 2019. The contract conclusion is expected to take place on February 27, 2019. Under the terms of transaction, Fujio Food System Co., Ltd. will acquire 200 shares for ¥2.7 billion. Upon completion, Great Eastern Corporation will become a subsidiary of Fujio Food System Co., Ltd. For the year ended March 31, 2018, Great Eastern Corporation had total assets of ¥1.3 billion, net assets of ¥1.03 billion, sales of ¥1.9 billion, operating profits of ¥60 million and net income of ¥58 million. The transaction has been resolved by the Board of Fujio Food System Co., Ltd. The transaction is expected to be completed on April 3, 2019.