E J Holdings Inc. (TSE:2153) entered into an agreement to acquire Tokyo Soil Research Co., Ltd. from ORIX Corporation (TSE:8591) for ¥7.6 billion on September 13, 2024. E J Holdings will acquire 0.262 million shares at ¥29,000 per share. For the period ending December 31, 2023, Tokyo Soil Research Co., Ltd. reported total revenue of ¥5.83 billion, EBIT of ¥504 million, net income of ¥394 million, total assets of ¥4.89 billion and total common equity of ¥4.08 billion.
The expected completion of the transaction is September 30, 2024.