Tokai Tokyo Financial Holdings Inc. plans to launch Pinnacle TT Solution Inc., a company specializing in business succession M&A advisory services, in January 2019.

Pinnacle TT Solution is a 100%-owned subsidiary of Pinnacle Inc., which in turn is a unit of Tokai Tokyo Financial. It was established Dec. 7 with a paid-in capital of ¥1 million. Tokai Tokyo Financial plans to acquire a 40% stake in the company in January 2019 by undertaking a third-party allotment of new shares.

Masaaki Takano is president and representative director of Pinnacle TT Solution.

As of Dec. 27, US$1 was equivalent to ¥110.81.