GMO Research, Inc. (TSE:3695) agreed to acquire CASHMART business of Snowball LLC on December 18, 2023. The Board of Directors resolution date and agreement date is December 18, 2023. The consideration will pay in cash.

CASHMART business has reported Sales of approximately ¥62 million for fiscal year ending December 2022. The transaction is expected to complete on January 9, 2024.