HIB Partners Co., Ltd. agreed to acquire 32.5% stake in HiBlead Inc. from Will Group, Inc. (TSE:6089) for approximately ¥260 million on March 20, 2023. Following the transaction, Will Group will hold 18.7% stake in HiBlead. HiBlead has net worth of ¥160.917 million, total assets of ¥421.81 million, net income of ¥84.358 million, operating income of ¥136.345 million and sales of ¥1.374 billion as of Fiscal year ending March 31, 2022.

The effective date for the share transfer is on March 31, 2023. As of March 31, 2023, partial share transfer of HiBlead Inc. has been completed resulting Hybrid Co., Ltd. has been excluded from the Will Group, Inc. consolidated subsidiaries.