MRT Inc. (TSE:6034) agreed to acquire 70% stake in Ishinotomo Co., Ltd from Keiko Yanagawa for approximately ¥100 million on November 28, 2017. As per the terms of the transaction, MRT Inc. will acquire 625 shares of Ishinotomo’s 1,000 outstanding shares from Keiko Yanagawa and will subscribe to 250 shares through Ishinotomo’s third party capital increase on December 1, 2017. The advisory costs for this transaction are estimated at ¥11 million. The conclusion of the share transfer contract and third party capital increase subscription contract is expected to be November 29, 2017 while the share transfer and third party capital increase date is expected to be December 1, 2017.