Izutsuya Co., Ltd. completed the acquisition of the remaining 71% stake in Ebisu, K.K. from Takenaka Corporation, Fuyo General Lease Co. Ltd., Nishikei, K.K., Mizuho Bank, Ltd., Nishikei Security Service Co., Ltd. and Aioi Nissay Dowa Insurance Company, Limited.
April 15, 2014 at 12:00 am EDT
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Izutsuya Co., Ltd. (TSE:8260) agreed to acquire the remaining 71% stake in Ebisu, K.K. from Takenaka Corporation, Fuyo General Lease Co. Ltd. (TSE:8424), Nishikei, K.K., Mizuho Bank, Ltd., Nishikei Security Service Co., Ltd. and Aioi Nissay Dowa Insurance Company, Limited for ¥3.6 million on April 14, 2014. Izutsuya Co., Ltd. is acquiring 710 share of Ebisu, K.K. where Takenaka Corporation is selling its 190 shares representing 19%, Nishikei K.K. is selling 180 shares representing 18%, Nishikei Security Service Co., Ltd. is selling 100 shares representing 10%, Aioi Nissay Dowa Insurance Co.,Ltd. is selling its 100 shares representing 10%, Fuyo General Lease Co.,Ltd. is selling its 90 shares representing 9% stake and Mizuho Bank Ltd. selling its 50 shares representing 5% stake. Post transaction, Ebisu K.K. will be dissolved. Signing of the merger agreement is due on April 15, 2014. The transaction has been resolved by Board of Directors of Izutsuya Co., Ltd. and is expected to be closed by May 29, 2014.
Izutsuya Co., Ltd. (TSE:8260) completed the acquisition of the remaining 71% stake in Ebisu, K.K. from Takenaka Corporation, Fuyo General Lease Co. Ltd. (TSE:8424), Nishikei, K.K., Mizuho Bank, Ltd., Nishikei Security Service Co., Ltd. and Aioi Nissay Dowa Insurance Company, Limited on April 15, 2014. Izutsuya Co., Ltd. turns Ebisu, K.K. into a wholly-owned subsidiary.
Fuyo General Lease Co Ltd is engaged in the financial transactions such as leasing of machinery and equipment, real estate leasing, installment sales transactions and monetary lending. The Company operates in three business segments. The Leasing & Installment segment includes leasing of information-related equipment & office equipment, industrial machine tools (including property sales associated with the expiration & cancellation of lease transactions), the leasing of real estate, as well as the installment sale of commercial equipment, production equipment, hospital equipment. The Finance segment is involved in the money lending, the operation of securities owned to obtain financial income for business purposes, and the establishing of the silent partnership. Others segment includes environment and energy-related, fees and business process outsourcing (BPO) services (new areas).
Izutsuya Co., Ltd. completed the acquisition of the remaining 71% stake in Ebisu, K.K. from Takenaka Corporation, Fuyo General Lease Co. Ltd., Nishikei, K.K., Mizuho Bank, Ltd., Nishikei Security Service Co., Ltd. and Aioi Nissay Dowa Insurance Company, Limited.
FUYO GENERAL LEASE CO., LTD. 
