News Release

Acquisition of Shares of North River by Consolidated Subsidiary (Continuous Disclosure)

Aug 12, 2020
J Trust Co., Ltd.

						

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  KeyHolder, Inc., (“KeyHolder”), a consolidated subsidiary of J Trust Co., Ltd., signed a basic agreement to acquire all shares of North River Inc. (“North River”) as stated in “Conclusion of Basic Agreement to Acquire All Shares of North River by J Trust Subsidiary” dated May 14, 2020. After the conclusion of the above agreement, KeyHolder acquired 50% of shares of North River from Vernalossom Co., Ltd. and KYORAKU SANGYO CO., LTD. as announced in the press releases titled “Acquisition of Shares of North River by J Trust Subsidiary (Continuous Disclosure)” dated June 9, 2020 and June 30, 2020 respectively, and proceeded to discuss the acquisition of the remaining 50% stake in North River. Now the decision was made and KeyHolder and FA Project, Inc., a consolidated subsidiary of KeyHolder, concluded a share transfer agreement with Mr. Yasushi Akimoto and Mr. Nobuyuki Akimoto, who have the combined ownership of 50% in North River. For details, please refer to the attached document (Japanese only).

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J Trust Co., Ltd. Finance Department