Don Quijote Holdings Co., Ltd. (TSE:7532) signed a share transfer agreement to acquire remaining 79.66% stake in STORECREWS Co.,Ltd. from Accretive Co., Ltd. (TSE:8423) for ¥2 billion on December 14, 2016. Under the terms of the transaction, Don Quijote Holdings Co., Ltd. will acquire 0.03 million shares of STORECREWS. Post closing, STORECREWS will be wholly owned by Don Quijote Holdings Co., Ltd. Accretive will not hold any stake in STORECREWS. For the period ended March 2016, STORECREWS had net assets of ¥290 million, total assets of ¥961 million, operating revenues of ¥334 million, operating profit of ¥202 million and net income of ¥294 million. The transaction was resolved by the Board of Directors of Accretive Co., Ltd. on December 14, 2016. The transaction is expected to complete on January 26, 2017. Plutus Consulting Co., Ltd. acted as the financial advisor in the transaction. Don Quijote Holdings Co., Ltd. (TSE:7532) completed the acquisition of remaining 79.66% stake in STORECREWS Co.,Ltd. from Accretive Co., Ltd. (TSE:8423) on January 26, 2017.