Housing Gojinsha Okinawa Co., Ltd. agreed to acquire apartment management business in Okinawa from Nihon Housing Co.,Ltd. (TSE:4781) for ¥15.6 million in cash on August 7, 2013. Apartment management business reported sales of ¥80 million for March 2013. Apartment management business reported total assets of ¥0.15 million as at the end of July 2013.

The business transfer contract is expected to be signed on August 13, 2013 and the transaction is expected to be completed on October 1, 2013. Capital Strategy Consulting Co., Ltd acted as third party appraiser to Nihon Housing Co.,Ltd.