Japan Property Management Center Co., Ltd. concluded a share transfer agreement to acquire Mirai Shogaku Tanki Hoken Co., Ltd. from crevalue,ltd for approximately ¥110 million.
February 13, 2018
Share
Japan Property Management Center Co., Ltd. (TSE:3276) concluded a share transfer agreement to acquire Mirai Shogaku Tanki Hoken Co., Ltd. from crevalue,ltd for approximately ¥110 million on February 13, 2018. Japan Property will acquire 0.03 million shares of Mirai Shogaku Tanki Hoken. On completion, Mirai Shogaku Tanki Hoken will become a subsidiary of Japan Property. Mirai Shogaku Tanki Hoken reported net assets of ¥30.53 million, total assets of ¥212.39 million, operating income of ¥6.29 million and net income of ¥4.14 million during the fiscal year ended March 2017. The deal is subject to approval of relevant authorities. The deal is expected to close on April 2, 2018.
Japan Property Management Center Co Ltd is a Japan-based company mainly engaged in the development of property management business nationwide, centered on lump-sum lease business. The Company rents real estate properties (rental housing such as rental condominiums and rental apartments) from real estate owners and subleases them to general residents. The Company is engaged in the rental management on behalf of landlords. Construction work, remodeling work, real estate property management and brokerage, and management of elderly housing are operated by partner companies (real estate management companies, construction companies, remodeling companies, and long-term care companies) nationwide. The Company is also engaged in the delinquency guarantee business, insurance business, broadband business (JPMC Hikari), sales business of building materials, and contract for renewal, remodeling and renovation work in the metropolitan area.
Japan Property Management Center Co., Ltd. concluded a share transfer agreement to acquire Mirai Shogaku Tanki Hoken Co., Ltd. from crevalue,ltd for approximately ¥110 million.
JAPAN PROPERTY MANAGEMENT CENTER CO.,LTD. 
