Strengthening Design and Construction Capabilities in the Turnkey Business Through the Acquisition of 令和エンジニアリング株式会社 as a Subsidiary

「Because the company transferred all shares in 令和エンジニアリング株式会社, formerly a consolidated subsidiary, on 31 August 2021 and consequently no longer had any consolidated subsidiaries, it has not prepared consolidated financial statements since the fourth quarter accounting period of the previous fiscal year.」

「Business combination date: 26 February 2021 (share acquisition date); 31 March 2021 (deemed acquisition date). Voting rights acquired: 64.0%. In Turnkey Solutions Services, which develops and sells self-storage facilities, we are expanding the development of new single-purpose facilities, including those under the “Keepit” brand, and pursuing the conversion of existing buildings and facilities for use as self-storage. 令和エンジニアリング株式会社 was established in 2019 by individuals from mid-sized real estate and construction companies. It designs, supervises and constructs various projects, including condominiums, commercial facilities and self-storage facilities, mainly in the Tokyo metropolitan area. Its addition is expected to provide significant benefits in accelerating growth in the business areas centred on our Turnkey Solutions Services, as well as concrete synergies for both companies.」