United Super Markets Holdings Inc. (TSE:3222) agreed to acquire a 49% stake in Inageya Co., Ltd. (TSE:8182) from a group of shareholders for ¥36.2 billion on April 18, 2024. United Super Markets Holdings will issue 1.46 shares for every 1 Inageya share. Inageya will become a wholly owned subsidiary of U.S.M.H upon implementation of the Share Exchange. Prior to the effective date of the Share Exchange, the common stock of Inageya is scheduled to be delisted from the Prime Market of the Tokyo Stock Exchange, Inc. on November 28, 2024 (the last trading date of the shares will be November 27, 2024). The share exchange is scheduled to take effect on November 30, 2024, upon approval by resolutions of the annual general meeting of shareholders of U.S.M.H to be held on May 24, 2024 and the Annual General Meeting of Shareholders of the Company to be held on June 26, 2024. As of May 24, 2024, the shareholders of United Super Markets Approved the share exchange agreement. As announced on June 7, 2024, the General Meeting of Shareholders of Inageya to take place on June 26, 2024.

U.S.M.H has appointed Yodoyabashi & Yamagami LPC to act as its legal advisor, Inageya has appointed Nagashima Ohno & Tsunematsu as its legal advisor. Mizuho Securities Co., Ltd. acted as a financial advisor to USMH. Nomura Securities Co., Ltd. acted as financial advisor to Inageya.