On the 7th, Mitsui Matsushima Holdings <1518> announced that it will acquire all issued shares of MRF and make it a subsidiary.

As part of its goal to continuously achieve a net income of 5 billion yen in "management strategy 2024" established from this fiscal year, the company group has set out to create a revenue structure that can achieve this through M&A, and this acquisition of shares is also part of that goal.

Located in Fukuoka City, Fukuoka Prefecture, MRF mainly provides real estate secured loans for businesses and focuses on lending to small and medium-sized enterprises and individual business owners to differentiate itself from competing businesses such as regional banks and credit unions.

Through this acquisition of shares, the company believes that it can support MRF's improved fundraising capabilities and business expansion in the Eastern Japan area, including the Kanto region, and contribute greatly to MRF's continued growth and the increase in corporate value of the company group. The purchase price is approximately 11 billion yen, and the acquisition is planned to be executed on July 1, 2024. The entire acquisition cost will be paid with cash and cash equivalents on hand.