Yamahachi Corp. agreed to acquire Tsunoda Co.,Ltd. from JINUSHI Co.,Ltd..
November 13, 2022
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Yamahachi Corp. agreed to acquire Tsunoda Co.,Ltd. from JINUSHI Co.,Ltd. (TSE:3252) on November 14, 2022. The execution of share transfer agreement is expected to be on November 15, 2022.
For the fiscal year ended June 2022, reported net worth of ¥4.6 billion, total assets of ¥8.3 billion, Sales of ¥11.1 billion, Operating income of ¥6.71 billion, and Net income of ¥4.5 billion. Transaction is expected to close on November 25, 2022.
Jinushi Co Ltd is primarily engaged in real estate business. The Company operates in four business segments. The Real Estate Investment segment sells the real estate investments developed by the Company to funds, investors and others. It acquires lands, leases to tenants, and then sells to companies, individuals, private funds and real estate investment trusts as investment products that can bring stable profits. The Sublease, Lease and Fund Fees segment is engaged in sublease business, which rents lands from owners and then subleases to tenants, lease business, which leases properties owned by the Company to generate stable rental incomes, and fund fees business, which provides real estate management and others. The Planning and Brokerage segment provides consulting and real estate brokerage. The Others segment engages in overseas private finance initiative (PFI) business, management of golf courses and other entertainment business.
JINUSHI CO.,LTD. 