Toho Co., Ltd. (TSE:8142) made an offer to acquire stake in Tokyo Rakutenchi Co.,Ltd. (TSE:8842) for ¥6720 offer per share on December 6, 2023. SMBC Nikko Securities Inc. acted as Financial advisor and Nishimura & Asahi acted as legal advisor to Toho Co., Ltd. and Mitsubishi UFJ Morgan Stanley Securities Co., Ltd. acted as Financial advisor and Anderson Mori & Tomotsune LPC acted as legal advisor to Tokyo Rakutenchi Co.,Ltd. Transaction is expected to complete on January 24, 2024.

Toho Co., Ltd. (TSE:8142) completed the acquisition of an additional 42.23% stake in Tokyo Rakutenchi Co.,Ltd. (TSE:8842) for ¥17 billion on January 24, 2024.