Ryokuto Kaihatsu Co., Ltd. entered into an agreement to acquire Rental Management Business of Revolution Co., Ltd for ¥80 million on June 23, 2023. Revolution's board of directors approved the deal. Approval of the split agreement extraordinary general meeting of shareholders (Ryokuto Kaihatsu) is planned in Mid-July 2023. Ikuta Law Office acted as legal advisor to Revolution Co., Ltd. The deal is expected to close on August 1, 2023.

Ryokuto Kaihatsu Co., Ltd. completed the acquisition of Rental Management Business of Revolution Co., Ltd on August 1, 2023.