|Delayed - 05/18 02:00:00 am|
Smaregi, Inc. agreed to acquire a 99.9% stake in Royal Gate Inc. from Daiwa House Industry Co.,Ltd..12/08/2021 | 12:00am
Smaregi, Inc. (TSE:4431) agreed to acquire a 99.9% stake in Royal Gate Inc. from Daiwa House Industry Co.,Ltd. (TSE:1925) on December 8, 2021. Royal Gate will become a consolidated subsidiary of the Smaregi from the third quarter of the fiscal year ending April 2022. The Royal Gate had net worth, total assets, sales, operating profit and net income of ¥ 720 million, ¥ 1,610 million, ¥ 775 million, ¥ -601 million and ¥ -624 million, respectively, as of March 31, 2021. The transaction is expected to close on December 22, 2021.
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