Chiikishinbunsha Co Ltd (JASDAQ:2164) signed the agreement to acquire Tokyo Shimbun Shopper Sha, K.K. from Chunichi Shimbun Co., Ltd. for ¥28 million on December 19, 2014. Chiikishinbunsha will acquire 0.04 million shares in the transaction and will operate Tokyo Shimbun Shopper Sha, K.K. as its wholly owned subsidiary after completion of the transaction. During the year ended December 2013, Tokyo Shimbun Shopper Sha, K.K. had net liabilities of ¥264 million, total assets of ¥247 million, sales of ¥771 million, operating profit of ¥2 million, and nil net profit.

Board of Directors of Chiikishinbunsha Co Ltd made a resolution in favor of the transaction on December 19, 2014. The transaction is expected to be completed by December 25, 2014.