Ryosan Company, Limited (TSE:8140) enter into agreement to acquire Ryoyo Electro Corporation (TSE:8068) for ¥95.2 billion on October 16, 2023. As a part of the transaction, One common share of the Joint Holding Company will be allotted to one common share of Ryoyo Electro, and 1.32 common shares of the Joint Holding Company will be allotted to one common share of Ryosan. As per the transaction, Moritaka Nakamura will become the President and Kazuhiko Inaba will become the Vice President of new holding company. The new holding company is schedule to be establish on April 1, 2024 as Ryoyo Ryosan Holdings, Inc. and will be listed on Prime Market of the Tokyo Stock Exchange. DC Advisory, Daiwa Securities Co. Ltd. acted as financial advisor and TMI Associates acted as legal advisor to Ryoyo Electro Corporation. Mitsubishi UFJ Morgan Stanley Securities Co., Ltd. acted as financial advisor and Anderson Mori & Tomotsune LPC acted as legal advisor to Ryosan Company, Limited.

Ryosan Company, Limited (TSE:8140) completed the acquisition of Ryoyo Electro Corporation (TSE:8068) for ¥95.2 billion on April 1, 2024.