Confidence Inc. (TSE:7374) entered an agreement to acquire Interworks, Inc. (TSE:6032) from a group of sellers for ¥3.7 billion on May 12, 2023. Confidence Inc. will issue a total of 1.98 million shares or 0.205 shares for every 1 share of Interworks. The transaction is expected to close on August 1, 2023. The transaction is subject to the approval of shareholders of both companies. As of June 23, 2023, Interworks, Inc. shareholders approved the transaction.

Sato Sogo Law Office acted as legal advisor to Confidence. City-Yuwa Partners acted as legal advisors to Interworks and YAMADA Business Consulting Co.,Ltd. acted as financial advisor to Interworks.

Confidence Inc. (TSE:7374) completed the acquisition of Interworks, Inc. (TSE:6032) from a group of sellers on August 1, 2023.