Nojima (TYO:7419) will transfer its entire stake in Money Square Holdings, a consolidated and specified subsidiary, to SBI Liquidity Market and Japan Airlines (TYO:9201), according to a Monday filing on the Tokyo Stock Exchange.
The move will remove MONEY SQUARE HD and its wholly owned unit Money Square Inc. from Nojima's consolidated group.
The decision, made at a July 8 board meeting, is aimed at enabling further growth for the fintech firm by leveraging SBI's FX expertise and JAL's 40 million-member base.
Nojima acquired the business in January 2023 and said the divestment aligns with its strategy to streamline operations and reallocate resources.
The transfer is scheduled for Aug. 12. Terms were not disclosed due to a confidentiality agreement.
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