Orient Corporation (TSE:8585) agreed to acquire AEON Product Finance Co., Ltd. from AEON Financial Service Co., Ltd. (TSE:8570) for ¥25 billion on January 11, 2024. As part of acquisition, 39,203,360 shares will be acquired. For period ended February 2023, AEON Product Finance reported net worth of ¥29.8 billion, total assets of ¥348.4 billion, operating revenue of ¥15.7 billion, operating income of ¥1.7 billion and net income of ¥1.1 billion.

The transaction is expected to complete on March 19, 2024. As of the announcement on February 21, 2024, the deal is expected to be completed on March 25, 2024.