Daio Paper Corporation (TSE:3880) concluded a Share Transfer Agreement to acquire Daiki Co., Ltd. from Marunouchi Capital Inc. for ¥7.4 billion on August 12, 2022. Post completion, Daiki will become a subsidiary of Daio Paper Corporation. For the fiscal year ending April 2022, Daiki reported Net Assets of ¥4,037 million, Total Assets of ¥10,871 million, Net Sales of ¥2,713 million and Operating Profit of ¥152 million.

Date of Execution of Share Transfer is scheduled for October 3, 2022. Daiwa Securities Co. Ltd. acted as financial advisor to Marunouchi Capital Inc. DC Advisory Japan acted as financial advisor to Marunouchi Capital Inc.