J.S.B.Co.,Ltd. agreed to acquire 42.5% stake in Mewcket Co., Ltd. from Kobayashi Sho.
July 02, 2020
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J.S.B.Co.,Ltd. (TSE:3480) agreed to acquire 42.5% stake in Mewcket Co., Ltd. from Kobayashi Sho on July 3, 2020. J.S.B.Co.,Ltd. will acquire 0.01 million shares of Mewcket. Mewcket reported total revenue of ¥25 million, total assets of ¥25 million, operating loss of ¥28 million, net loss of ¥27 million and net assets of ¥18 million for the year ending, July 1, 2019. Stock transfer execution date is August 3, 2020.
J.S.B. Co., Ltd. is a Japan-based company mainly engaged in real estate leasing management business, elderly housing business and other businesses. The Company operates two business segments. The Real Estate Rental Management segment is mainly engaged in planning and development, rental and management of real estate such as apartment for students. The Elderly Housing segment is mainly engaged in elderly housing rental and nursing care business. other businesses include student support services, Japanese language school business and the sale of real estate business.