GRANDES, Inc. completed the acquisition of Morizou Co., Ltd from Leopalace21 Corporation.
October 01, 2022
Share
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.
GRANDES, Inc. is a real estate company mainly engaged in the construction and sales of residential properties. The Company operates through two business segments. The Real Estate Sales segment is engaged in the planning, development and sales of residential buildings and speculative houses. The Real Estate Rental Management segment is engaged in the management, maintenance and inspection of rental condominiums and tenant buildings.