Key Coffee Inc. (TSE:2594) signed a share transfer agreement to acquire honu KATOCOFFEE CO., LTD. from Tatsuya Kato and 2 other individuals on January 31, 2014. Key Coffee will acquire 250 shares of KATOCOFFEE. KATOCOFFEE reported sales of ¥1.3 billion, operating loss of ¥12 million, ordinary loss of ¥12 million and net loss of ¥12 million for the year ended August 31, 2013.

The deal was resolved during Board of Directors' meeting of Key Coffee on January 31, 2014. The transaction is expected to close by February 3, 2014.