Fit Corporation completed the acquisition of Bit Style Renovation Co., Ltd from M.I.E. Research Institute Co., Ltd.
May 11, 2023
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Fit Corporation (TSE:1436) agreed to acquire Bit Style Renovation Co., Ltd from M.I.E. Research Institute Co., Ltd for ¥40 million on April 26, 2023. 800 shares owned by Fit Corporation after change. For fiscal year ending July, 2022, Bit Style Renovation has Net assets of ¥38.701 million, Total assets of ¥63.448 million, Sales of ¥86.811 million, Operating income of ¥9.296 million and Net loss of ¥3.576 million. Contract execution date will be on May 8, 2023 and Execution date of share transfer on May 10, 2023.
Fit Corporation (TSE:1436) completed the acquisition of Bit Style Renovation Co., Ltd from M.I.E. Research Institute Co., Ltd on May 12, 2023.
GreenEnergy&Co, formerly Fit Corp, is a Japan-based company mainly engaged in industrial and social decarbonization business, housing decarbonization business, and asset management business. The industrial and social decarbonization business mainly sells solar power generation facilities, mainly compact solar power plants (small solar power generation facilities), as investment products for individuals. The housing decarbonization business primarily sells compact houses equipped with low-cost solar power generation to general consumers and investors. In addition, it also promotes the development of Ietochi Honpo brand stores through directly managed stores and franchises. The asset management business focuses on income from the sale of electricity from solar power generation facilities it owns, management contracts for sold solar power generation facilities and rental real estate, and fee-based business centered on operation and maintenance (O&M) services.