At the board Director meeting held on October 1 (Monday), the Company announced that it would acquire a portion of the outstanding shares of ITANDI, Inc. (head office: Minato-ku, Tokyo; representative: Yoshimori Ito, hereinafter referred to as Itandi) and make Itandi a wholly owned subsidiary. We resolved to implement a simple share exchange, and concluded a share transfer agreement and a share exchange agreement with Itanji. At present, we plan to complete the transfer and share exchange in mid-November.

By collaborating with Itanji through this share acquisition, we will be able to effectively utilize the company's track record of providing services in the leasing area, as well as the various data and technologies that both companies have accumulated so far. We aim to realize the rental service “Rental 3.0” (* 1).