JCB Co., Ltd. agreed to acquire an unknown stake in JCB brand credit card issuing business of SBI Sumishin Net Bank from SBI Sumishin Net Bank, Ltd. (TSE:7163) for ¥2 billion on February 9, 2024. The parties will enter into an agreement for the acquisition in mid February 2024. The transaction is expected to close on January 16, 2025.