Fuyo General Lease Co., Ltd. entered into a share transfer agreement to acquire Workvision, K.K. from Minori No. 2 Fund, managed by Basic Capital Management, Limited.
October 30, 2021
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Fuyo General Lease Co., Ltd. (TSE:8424) entered into a share transfer agreement to acquire Workvision, K.K. from Minori No. 2 Fund, managed by Basic Capital Management, Limited on September 29, 2021. As part of the transaction, Fuyo will acquire 5,365 shares of Workvision. In recent fiscal year, Workvision reported sales of ¥12.4 billion and Net income ¥312 million. As of September 29, 2021, the board of Fuyo approad the transaction. The execution date of share transfer is October 15, 2021.
Fuyo General Lease Co Ltd is engaged in the financial transactions such as leasing of machinery and equipment, real estate leasing, installment sales transactions and monetary lending. The Company operates in three business segments. The Leasing & Installment segment includes leasing of information-related equipment & office equipment, industrial machine tools (including property sales associated with the expiration & cancellation of lease transactions), the leasing of real estate, as well as the installment sale of commercial equipment, production equipment, hospital equipment. The Finance segment is involved in the money lending, the operation of securities owned to obtain financial income for business purposes, and the establishing of the silent partnership. Others segment includes environment and energy-related, fees and business process outsourcing (BPO) services (new areas).
Fuyo General Lease Co., Ltd. entered into a share transfer agreement to acquire Workvision, K.K. from Minori No. 2 Fund, managed by Basic Capital Management, Limited.
FUYO GENERAL LEASE CO., LTD. 
