Invast Securities Co., Ltd. (JASDAQ:8709) concluded a contract to acquire Koyo Finance Co., Ltd from Koyo Holdings, Inc. for ¥100 million on July 31, 2018. Under the terms, Invast Securities Co., Ltd will acquire 1800 common shares of Koyo Finance Co., Ltd. Post-acquisition, Koyo Finance Co., Ltd will become a wholly owned subsidiary of Invast Securities Co., Ltd. For the fiscal year ended March 2018, Koyo Finance Co., Ltd reported net assets of ¥107 million, total assets of ¥739 million, operating revenue of ¥96 million, operating income of ¥18 million and net income of ¥10 million. The transaction has been resolved by the Board of Directors of Invast Securities Co., Ltd at the meeting held on July 31, 2018. The transaction is expected to be completed by July 31, 2018. Invast Securities Co., Ltd will pay an advisory expense of ¥2 million. Invast Securities Co., Ltd. (JASDAQ:8709) completed the acquisition of Koyo Finance Co., Ltd from Koyo Holdings, Inc. on October 31, 2018. In October 2018, Invast Securities Co., Ltd. changed the name of Koyo Finance Inc. to Invast Capital Management Co., Ltd.