Oak Capital Corporation (TSE:3113) signed a contract to acquire TOGAKU Securities Co., Ltd. on March 18, 2019. At closing, TOGAKU Securities will become a specified subsidiary of Oak Capital. As of year ended March 2018, TOGAKU reported total assets of JPY 1.4 billion and net assets of ¥505 million. For the year ended March 2018, TOGAKU generated sales of ¥158 million, operating loss of ¥113 million and net loss of ¥114 million. The transaction is expected to close on March 22, 2019.