Solasto Corporation (TSE:6197) agreed to acquire Mitsui Sumitomo Insurance Care Network Co., Ltd. from Mitsui Sumitomo Insurance Co., Ltd. on February 28, 2023. 29,533 shares of Mitsui Sumitomo Insurance to be acquired by Solasto. Operating results and financial position of Mitsui Sumitomo Insurance Care for March 31, 2022 are Net assets at a loss of ¥207 million, Total assets of ¥1.98 billion, Total revenue of ¥1.815 billion, Operating loss of ¥394 million, Net loss of ¥288 million. The transaction is expected to close June 1, 2023.

Solasto Corporation (TSE:6197) completed the acquisition of Mitsui Sumitomo Insurance Care Network Co., Ltd from Mitsui Sumitomo Insurance Co., Ltd on June 1, 2023.