Sharingtechnology, Inc. completed the acquisition of 70% stake in Fujisawa Real Estate Inc. from Ryutaro Fujisawa.
April 31, 2023
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Sharingtechnology, Inc. (TSE:3989) agreed to acquire 70% stake in Fujisawa Real Estate Inc. from Ryutaro Fujisawa on March 31, 2023. The board of directors of Sharingtechnology, Inc. approved the transaction. Fujisawa Real Estate recorded net assets of ¥4.39 million, total assets of ¥62.05 million, sales of ¥433.06 million, operating loss of ¥39.3 million, ordinary loss of ¥39.3 million and net loss of ¥39.4 million for the year ended April 30, 2022. The transaction is expected to close on April 1, 2023.
Sharingtechnology, Inc. (TSE:3989) completed the acquisition of 70% stake in Fujisawa Real Estate Inc. from Ryutaro Fujisawa on April 1, 2023.
SHARINGTECHNOLOGY.INC is a Japan-based company mainly engaged in the Web business and investment business. It operates through two business segments. WEB business is engaged in the provision of solution to life problems through the operation of the portal site Life No.110 and the specialized vertical media site in the life service area. Member stores can provide services suited to the needs of users in the websites. Main services are unlocking and replacing keys, rain and water leakage, remodeling, glass repair, pet funeral, termite extermination, bee extermination, garden maintenance related, and other accidents that occur suddenly in daily life. It is also engaged in the operation of overseas studying service Sumadome, introducing foreign students and providing study abroad procedures. The new system Mover collects the geographical location of each member store staff and realizes matching. The Investment business includes manufacturing, real estate, and private hotel business.
SHARINGTECHNOLOGY, INC. 
