J Trust Co., Ltd. (TSE:8508) agreed to acquire H.S. Securities Co., Ltd. from HS Holdings Co.,Ltd. for ¥ 5.5 billion on February 9, 2022. The deal is subject to HS Holdings Co.,Ltd. (JASDAQ:8699) board approval. As of February 9, 2022 HS Holdings Co.,Ltd. board approved the deal. The deal is expected to close on April 1, 2022. As of March 16, 2022, the transaction is expected to close on March 31, 2022. The impact of transaction on the consolidated financial statements is expected to be minor.

J Trust Co., Ltd. (TSE:8508) completed the acquisition of H.S. Securities Co., Ltd. from HS Holdings Co., Ltd. (TSE:8699) on March 2022.