Keio Corporation (TSE:9008) made an offer to acquire the remaining 78.87% stake in Sunwood Corporation (TSE:8903) for ¥4.6 billion on November 6, 2023. SBI Securities Co., Ltd acted as financial advisor to Keio Corporation (TSE:9008), TMI Associates acted as legal advisor to Keio Corporation (TSE:9008), Plutus Consulting Co., Ltd. acted as financial advisor to Sunwood Corporation and Shiomizaka acted as legal advisor to Sunwood Corporation

Keio Corporation (TSE:9008) completed the acquisition of 67.22% stake in Sunwood Corporation (TSE:8903) for ¥3.9 billion on December 19, 2023. Keio Corporation has tendered is 3,181,285 regarding the results of the Tender Offer which exceeds the minimum number of shares 2,155,000 shares. The settlement start date for the Tender Offer is on December 26, 2023.