Yoshihito Masaki made an offer to acquire additional 66.4% majority stake in Tokyo Kiho Co., Ltd. (JASDAQ:7597) for approximately ¥760 million in a management buyout transaction on November 9, 2021. Yoshihito Masaki will pay ¥2,575 per common share. Post completion, the shares of the Tokyo Kiho Co., Ltd. will be delisted. Yoshihito Masaki will acquire minimum 0.153651 million shares. Transaction is recommended by the Board of Tokyo Kiho Co., Ltd. to apply the tender offer. Tender offer will commence on November 10, 2021 and will end on December 22, 2021. Settlement will begin on December 29, 2021. SMBC Nikko Securities Inc acted as tender offer agent. Mori Hamada & Matsumoto LPC acted as legal advisor to Yoshihito Masaki.

Yoshihito Masaki completed the acquisition of an additional 58.5% majority stake in Tokyo Kiho Co., Ltd. (JASDAQ:7597) for approximately ¥670 million in a management buyout transaction on December 22, 2021. 258,691 shares were tender at the close of offer on December 22, 2021.