Hiroshi Sakurai enter into a letter of intent to acquire remaining 51% stake in M&Operation Co., Ltd. from Ishigaki Foods Co.,Ltd. (JASDAQ:2901) for approximately ¥6.4 million on July 30, 2020. Under the terms of transaction, Hiroshi will acquire 153 shares of M&Operation Co. The transfer of sale contract will execute and conclude on July 31, 2020.