JPX Market Innovation & Research completes acquisition of SCRIPTS Asia, K.K.
JPX Market Innovation & Research, Inc. (JPXI) has completed the acquisition of all issued shares of SCRIPTS Asia, K.K. Also, JPXI has obtained the approval of relevant authorities to make SCRIPTS Asia, K.K. its wholly owned subsidiary.
Through this acquisition, Japan Exchange Group, Inc. (JPX) will look to increase the operational efficiency and amount of information communicated through dialogue between listed companies and investors or shareholders while supporting listed companies to disclose and provide more corporate information in English.
JPX will do so in cooperation with ICJ, Inc. and Minsetsu, Inc. (which have capital relationships with JPX Group) and other partners in order to contribute to the expansion and vitalization of the Japanese stock market by promoting constructive dialogue between listed companies and investors.
The deal was initially announced in November 2022.
Back then, JPX said the sum of the acquisition is USD 20 million (JPY 2.9 billion). In addition to this, a conditional acquisition consideration (earn-out consideration) of a maximum amount of USD 15 million (JPY 2.17 billion) may be paid contingent on the satisfaction of certain criteria.