Japan Investment Adviser Co., Ltd. (TSE:7172) acquired 86.10% stake in Milestone Asset Management Co.,Ltd from Alexander Kinmont on June 28, 2024. Japan Investment acquired 0.04 million shares of Milestone Asset. Hiroshi Maeda holds 7.3%, Fumiyasu Sato holds 6.6% of Milestone Asset and Japan Investment Adviser holds the remaining equity of Milestone Asset Management. For the period ending March 31, 2024, Milestone Asset Management Co.,Ltd reported total revenue of ¥535 million, EBIT of ¥172 million, net income of ¥97 million, total assets of ¥387 million and total common equity of ¥232 million.

Japan Investment Adviser Co., Ltd. (TSE:7172) complete the acquisition of 86.10% stake in Milestone Asset Management Co.,Ltd from Alexander Kinmont on June 28, 2024.