Xandrie SA signed Share transfer agreement to acquire e-onkyo music business of Onkyo Home Entertainment Corporation on August 16, 2021. As of August 31, 2021, the e-onkyo music business of Onkyo Home was shifted to a new company named Xandrie Japan Co., Ltd. ONK will continue to hold 14.9% of the issued shares of Xandrie Japan Co., Ltd. to support the growth of the e-onkyo music business, post completion. Xandrie SA completed the acquisition of Xandrie Japan Co., Ltd from Onkyo Home Entertainment Corporation on September 28, 2021.