GRANDES, Inc. (TSE:3261) agreed to acquire Morizou Co., Ltd from Leopalace21 Corporation (TSE:8848) for ¥1 on September 9, 2022. For the year ended on March 31, 2022, Morizou reported negative net assets of ¥651 million, Total assets of ¥325 million, Net sales of ¥3,184 million, Operating loss of ¥153 million, and Net loss of ¥217 million. The acquisition is expected to close on October 1, 2022.

GRANDES, Inc. (TSE:3261) completed the acquisition of Morizou Co., Ltd from Leopalace21 Corporation (TSE:8848) on October 1, 2022.