IRRC Corporation (TSE:7325) signed a basic agreement to acquire a 80.9% stake in Life Assist Co., Ltd. from Orix Life Insurance Corporation for approximately ¥400 million on August 14, 2023. IRRC Corporation (TSE:7325) concluded a Stock Transfer Agreement to acquire a 80.9% stake in Life Assist Co., Ltd. from Orix Life Insurance Corporation on September 27, 2023. Under the terms, IRRC Corporation will acquire 700 shares. For the fiscal year ending March 2023, Life Assist reported Net assets of ¥108.9 million, Total Asset of ¥206.7 million, Sales of ¥1.12 billion, Operating income of ¥19.8 million, Net income of ¥19.1 million. The transaction is resolved by the board of IRRC Corporation. A share transfer agreement and completion is expected on October 2, 2023.

IRRC Corporation (TSE:7325) completed the acquisition of 80.9% stake in Life Assist Co., Ltd. from Orix Life Insurance Corporation on October 1, 2023.