Daiichi Commodities Co.,Ltd. (TSE:8746) entered into a share exchange agreement to acquire Personal Capital Co., Ltd from Crowd Bank K.K., LATEO Energy Co.,Ltd, Future Marketing Consulting Co., Ltd, Phoenix Investment Group Ltd and others for approximately ¥210 million on May 1, 2023. Under the terms of transaction, Daiichi Commodities will issue one share for every 140 shares hold by shareholders in Personal Capital and it was expected that Daiichi will issue 1.94 million shares. Personal Capital has issued 1,500 stock acquisition rights in the first series, all of which will be exercised by the effective date of the stock exchange, and 1,500 shares of common stock will be issued.

For Year ended September 31, 2022, Personal Capital had total assets, net assets, Sales and net income as ¥341 million, ¥242 million, ¥218 million and ¥124 million. Board of Daiichi Commodities Co.,Ltd. approved the transaction on May 1, 2023 and will conduct a shareholders meeting on May 25, 2023. The transaction will be effective on June 15, 2023.

Tsukiji Yonchome Law Office acted as legal advisor to Daiichi Commodities Co.,Ltd.