Iriso Electronics Co., Ltd. (TSE:6908) entered into Letter of Intent to acquire SGD Ltd. from Yoshihiko Sakashita on December 24, 2021. Iriso Electronics Co., Ltd. (TSE:6908) signed an agreement to acquire SGD Ltd. from Yoshihiko Sakashita on January 11, 2021. Under the terms, Iriso Electronics Co., Ltd. will acquire 112 shares representing the 100% stake in SGD Ltd. Transaction is expected to close on April 1, 2022.

The acquisition of the shares will not affect the Iriso Electronics Co., Ltd.'s consolidated financial results for the fiscal year ending March 2022