Three F Co., Ltd. (TSE:7544) signed a contract to acquire part of the rights and obligations related to 100 Convenience Stores from Lawson Inc. (TSE:2651) for ¥3.4 billion in cash on August 4, 2016. As per terms, ¥2.9 billion cash will be transferred for 86 stores and ¥406 million in cash will be transferred for 13 stores. Cash transfer date is expected to be September 7, 2016. Total assets of the stores to be transferred, as of August 4, 2016, is ¥1.03 billion. As of February 29, 2016, the Convenience Stores had revenues of ¥2.4 billion. The deal is resolved by the Board of Directors of Lawson on August 4, 2016. The transaction is expected to complete on September 7, 2016. Mizuho Bank, Ltd. acted as third party appraiser in the deal.

Three F Co., Ltd. (TSE:7544) cancelled the acquisition of part of the rights and obligations related to 100 Convenience Stores from Lawson Inc. (TSE:2651) on August 4, 2017.