Akio Hosono made an offer to remaining stake in I-O Data Device, Inc. (TSE:6916) on February 9, 2022. The deal is subject to approval from I-O Data Device, Inc. (TSE:6916) board. As of February 9, 2022 I-O Data Device, Inc. (TSE:6916) board approved the deal. Frontier Management Inc. (TSE:7038) acted as financial advisor and Shiomizaka acted as legal advisor to I-O Data Device, Inc. (TSE:6916).

Akio Hosono completed the acquisition of 75.627486% stake in I-O Data Device, Inc. (TSE:6916) on March 28, 2022.