Kirindo Co., Ltd. signed a share transfer contract to acquire Medicine Shoppe Japan Co., Ltd. from Saint-Care Holding Corporation (TSE:2374) for ¥100 million on May 15, 2017. Under the terms of the transaction, Kirindo Co., Ltd. will acquire 0.03 million common shares of Medicine Shoppe Japan Co., Ltd. Post-closing, Medicine Shoppe Japan Co., Ltd. will become a subsidiary of Kirindo Co., Ltd. and sub-subsidiary of Kirindo Holdings Co., Ltd., parent of Kirindo Co., Ltd. On May 15, 2017, the transaction was resolved by the Board of Directors of Kirindo Holdings Co., Ltd., parent of Kirindo Co., Ltd. The transaction is expected to complete on June 1, 2017.