GMO Financial Holdings, Inc. (JASDAQ:7177) agreed to acquire YJFX, Inc from Yahoo Japan Corporation for ¥28.8 billion on May 25, 2021. Pursuant to the terms of the transaction, GMO Financial Holdings, Inc., will acquire around 0.0162 million shares in YJFX, Inc. As a result of this acquisition, YJFX, Inc will become a subsidiary of GMO Financial Holdings, Inc. As a result of the transaction, the name of YJFX, Inc will be changed to Gaika-ex by GMO Co., Ltd. For the year ended March 31, 2021, YJFX, Inc had net assets of ¥22.1 billion, total assets of ¥137.4 billion, operating revenues of ¥9.8 billion, operating income of ¥2.8 billion and net income of ¥2.1 billion. The transaction was resolved upon by the Board of Directors of GMO Financial Holdings, Inc., on May 25, 2021. The expected date for the execution of the transaction is May 28, 2021. The transaction is expected to complete in late September 2021. Advisory fees for the transaction is around ¥100 million.