Okato Shoji Co. Ltd. concluded a contract to acquire OIM Asset Management Co., Ltd. from Okato Holdings Inc. (JASDAQ:8705), Okasan Kogyo Co.,Ltd., Okasan Asset Management, Okasan Securities Co., Ltd. and others on November 16, 2012. Okato Shoji Co. Ltd will acquire 0.03 million shares of OIM Asset Management Co., Ltd. The transaction is an absorption-type merger where Okato Shoji Co., Ltd. will be the surviving company, and OIM Asset Management Co., Ltd. will be the dissolved company. OIM Asset Management Co., Ltd. reported total assets of ¥1.02 billion, net assets of ¥981 million, revenues of ¥107 million and operating loss of ¥171 million for the year ended March 31, 2012. The transaction is still subject to approval by shareholders of Okato Shoji Co. Ltd. and OIM Asset Management Co., Ltd. and the shareholder's meeting will be held on November 16, 2012. The transaction has been resolved by Board of Directors of Okato Holdings Inc. on November 16, 2012. The deal is expected to close by December 26, 2012.

Okato Shoji Co. Ltd. cancelled the acquisition of OIM Asset Management Co., Ltd. from Okato Holdings Inc. (JASDAQ:8705), Okasan Kogyo Co.,Ltd., Okasan Asset Management, Okasan Securities Co., Ltd. and others on November 16, 2013.