An unknown buyer agreed to acquire 89.8% stake in Okato Nissan Securities Planning Co., Ltd for ¥21 million on October 15, 2020. The buyer is an undisclosed individual and it will acquire 7,748 target shares. For the year ended March 31, 2020, Okato Nissan Securities Planning's net worth was ¥27 million, total assets were ¥38 million, revenues of ¥88 million, operating loss of ¥20 million and net loss of ¥19 million. Transaction is expected to close on October 15, 2020. Impact of the Share Transfer on Okato Nissan Securities Holdings, Inc.'s consolidated financial results will be minor.