A Japan-based company agreed to acquire 9.54% stake in Tokyo Ichiban Foods Co., Ltd. (TSE:3067) from an individual on February 2, 2016. Under the terms of the transaction, the buyer will acquire 0.83 million shares in Tokyo Ichiban Foods. As a result of the transaction, the buyer's stake in Tokyo Ichiban Foods will increase to 35.2% from 25.65%.

The buyer will hold 3.05 million shares in Tokyo Ichiban Foods post the acquisition. As a result of the transaction, the individual's stake in Tokyo Ichiban Foods will decrease to 16.33% from 25.87%, hence allowing the seller to finally hold 1.42 million shares.