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.

Orient Corporation (TSE:8585) completed the acquisition of AEON Product Finance Co., Ltd. from AEON Financial Service Co., Ltd. (TSE:8570) for ¥5 billion on March 22, 2024.