Concierge U Co., Ltd. agreed to acquire AlfaCom, Ltd. from IK HOLDINGS Co.,Ltd. (TSE:2722) and others on May 20, 2024. Currently, Concierge holds 1.84 million shares equating to 97.9% shares of AlfaCom. As part of the transaction, Concierge will acquire 1.88 million shares in AlfaCom, 97.9% from Concierge and 2.1% from other shareholders.

As a result of this share transfer, AlfaCom will be removed from the consolidated subsidiary of Concierge from the fiscal year ending May 2025. The transaction is expected to close on June 28, 2024.