SBI Financial Services Co., Ltd. entered into a share transfer agreement to acquire a 31.29% stake in ALBERT Inc. (TSE:3906) for ¥7.5 billion on June 9, 2021. The consideration will comprise of an acquisition of approximately 1.4 million ALBERT Inc. shares for ¥5,450 per share. Upon completion, SBI Financial Services will become the largest major shareholder of ALBERT Inc. In relation to this transaction, ALBERT Inc. and SBI Holdings, Inc., parent of SBI Financial Services, resolved to form a capital and business alliance. Additionally, ALBERT has agreed to hold an extraordinary general meeting of shareholders until the end of August 2021 in order to elect Directors to replace Hiroshi Takeda, Jun Matsumura, Takashi Ejiri and Satoru Iino, who are scheduled to resign as Directors of ALBERT in the event of the acquisition of ALBERT’s shares by SBI Financial Services, and it has also agreed that a resolution for the election of two or more candidates for Directors, including one candidate nominated by SBI, will be adopted at the extraordinary general meeting of shareholders. The share transfer is expected to occur on June 30, 2021.