Morningstar Japan K.K. cancelled the acquisition of SBI Alternative Investments Co., Ltd. from Sbi Global Asset Management Co., Ltd. and SBI Financial Support Co., Ltd.
April 18, 2020
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Morningstar Japan K.K. (JASDAQ:4765) agreed to acquire SBI Alternative Investments Co., Ltd. from Sbi Global Asset Management Co., Ltd. and SBI Financial Support Co., Ltd. for approximately ¥270 million on April 19, 2019. The purchase price will be paid on April 26, 2019. Pursuant to the terms of the transaction, Morningstar Japan K.K. will acquire 950 shares from Sbi Global Asset Management Co., Ltd. and 50 shares from SBI Financial Support Co., Ltd. In related transactions, Morningstar Japan K.K. agreed to acquire 10% stake in each of SBI Bond Investment Management Co., Ltd. and SBI Regional Revitalization Asset Management Co., Ltd. on April 19, 2019. Post completion, Morningstar Japan K.K. will hold 100% stake in SBI Alternative Investments Co., Ltd. As of March 31, 2019, SBI Alternative Investments Co., Ltd reported total assets of ¥265.9 million, net assets of ¥265.5 million and net loss of ¥7 million.
Morningstar Japan K.K. (JASDAQ:4765) cancelled the acquisition of SBI Alternative Investments Co., Ltd. from Sbi Global Asset Management Co., Ltd. and SBI Financial Support Co., Ltd. on April 19, 2020.
SBI Global Asset Management Co Ltd, formerly Morningstar Japan KK, is engaged in the financial services and asset management businesses. The Company operates its business through two segments. The Asset Management segment provides investment management services, including the establishment, offering, and management of investment trusts, mainly publicly offered additional equity investment trusts and privately placed bond investment trusts, investment advisory services for Fund of Funds and other funds, and consulting services related to defined contribution pension plans. The Financial Services segment provides data solutions and media solutions. The data solutions sells the web-based version of Stock Newspaper, distributes stock price and corporate information, and provides fund analysis reports and stock reports, among others. The Media Solutions provides advertising on the Company's website, marketing consulting, advertising agency services, among others.
Morningstar Japan K.K. cancelled the acquisition of SBI Alternative Investments Co., Ltd. from Sbi Global Asset Management Co., Ltd. and SBI Financial Support Co., Ltd.
SBI GLOBAL ASSET MANAGEMENT CO., LTD. 
