TOKYO, May 22 (Pulse News Wire) – Sojitz Corporation (2768.T) decided to acquire ordinary shares of Japan Investment Advisor Co., Ltd. (JIA) through private negotiations, gaining more than 50% voting rights.
The acquisition aligns with the Financial Instruments and Exchange Act's definition of a public tender offer-like behavior. Under the capital business alliance agreement signed today, Sojitz aims to combine its extensive asset information network with JIA’s expertise in financial product structuring to cater to investor needs and support its business requirements.
The collaboration seeks to enhance service offerings across aviation, real estate, and environmental sectors, integrating Sojitz’s operational leasing experience with JIA’s strong presence in aircraft leasing products. Key details of the share purchase include: - Target: Ordinary shares of JIA (Ticker Code 7,172) - Number of shares: 10,434,200 - Percentage of total shareholder voting rights: 16.81% (estimated) - Acquisition date: June 08, 2026 (planned) - Method: Private negotiation Additionally, Sojitz plans to receive a third-party allocation of JIA’s ordinary shares totaling 1,557,200 (newly issued shares: 1,080,000; disposed treasury shares: 477,200) with a payment due date of June 08, 2026.
Following these transactions, Sojitz expects to hold significant influence over JIA, making JIA a subsidiary under the equity method.
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