On November 1, 2021, GCA Corporaiton announced about the activist Houlihan Lokey, Inc., a special controlling shareholder of the Company, in a resolution under Article 370 of the Companies Act on October 11, 2021. It has been resolved to approve the request for sale of shares of the Company's common stock. As a result, the Company's common stock will fall under the delisting criteria of the First Section of the Tokyo Stock Exchange, Inc., and will be delisted on November 2, 2021.

Houlihan Lokey has acquired the Company following the successful completion of a tender offer process resulting in the firm acquiring approximately 90% of its common stock. Finally, the Company like to express deepest gratitude to all of shareholders and other related parties for their understanding and support for management over the years. And also, as a group Company of Houlihan Lokey, it stated that will work for strive to further improve the Corporate value with the aim of becoming the world's number one independent M & A advisory firm under the management philosophy of "For Client's Best Interest".