Japan Investment Adviser Co., Ltd. (TSE:7172) agreed to acquire Sankyo Securities Co., Ltd. from Okato Nissan Securities Holdings,Inc. (JASDAQ:8705) for ¥1.2 billion on July 6, 2021. The transaction is scheduled to complete the purchase of shares on September 10, 2021. The Sankyo Securities has reported revenue of ¥7.74 billion, Operating income of ¥735, Net income of ¥1,587, Total assets of ¥84,665 and Equity of ¥13,419.

Japan Investment Adviser Co., Ltd. (TSE:7172) completed the acquisition of Sankyo Securities Co., Ltd. from Okato Nissan Securities Holdings,Inc. (JASDAQ:8705) on September 10, 2021. As of November 5, 2021, The transaction cost was finalized at ¥1.102 million plus advisory fees at ¥25 million, being total at ¥1.127 million.