Nitori Holdings Co., Ltd. (TSE:9843) entered into share transfer agreement to acquire 8.76025% stake in EDION Corporation (TSE:2730) from LIXIL Corporation (TSE:5938) for ¥10.3 billion on April 27, 2022. As per the transaction, Nitori Holdings Co., Ltd. will acquire 8,961,000 shares of EDION Corporation. The transaction is expected to complete on May 13, 2022.

Daiwa Securities Co. Ltd. acted as financial advisor to Nitori Holdings Co., Ltd. (TSE:9843).