Matsuya Co., Ltd. reached a basic agreement to acquire additional 17.67% stake in Ginza Inz, K.K. from Tokyo Expressway Public Corporation.
March 28, 2021
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Matsuya Co., Ltd. (TSE:8237) reached a basic agreement to acquire additional 17.67% stake in Ginza Inz, K.K. from Tokyo Expressway Public Corporation on March 29, 2021. After transaction Matsuya will hold 51% stake. As of March 31, 2020, Ginza had total assets of ¥3.6 billion and net assets of ¥2.1 billion. For the year ended March 31, 2021, Ginza generated revenue of ¥1.5 billion, operating income of ¥51 million and net assets of ¥44 million. Board of Directors of Matsuya approved the transaction. Transaction is expected to complete on April 7, 2021.
MATSUYA CO., LTD. is a Japan-based company primarily engaged in the operation of departments. The Company operates through four business segments. The Department Store segment is engaged in department store business, mail order business, as well as the manufacture, import and export and wholesale of related products. The Restaurant segment is engaged in the restaurant business and the management of wedding hall. The Building Integrated Services and Advertisement segment is engaged in the security, cleaning, equipment maintenance and construction business, building interior work, decoration, and advertising business. The Imported Product Sale segment is involved in the sale of imported products. The Company is also engaged in the supply of office and stationery products, the leasing of office automation (OA) machinery, the insurance agency business, the brokerage of merchandise sale, the product inspection business, as well as the real estate leasing business.
MATSUYA CO., LTD. 
