Ginza Renoir Co. Ltd. (JASDAQ:9853) agreed to acquire B & M Co., Ltd from Otsuka Kosan Co. Ltd. on March 7, 2012. A total of 0.01 million shares will be acquired in cash. The deal will be financed from cash in hand. On completion, B & M Co., Ltd will operate as a subsidiary of Ginza Renoir Co. Ltd. For three months ended March 31, 2011, B & M Co., Ltd. reported sales of ¥70 million, operating loss of ¥14 million, net loss of ¥16 million, total assets of ¥199 million and net liabilities of ¥331 million. The contract is expected to be concluded on March 15, 2012 and share transfer is expected to close on March 31, 2012.

Ginza Renoir Co. Ltd. (JASDAQ:9853) cancelled the acquisition of B & M Co., Ltd from Otsuka Kosan Co. Ltd. on March 7, 2013.