Elitz Holdings Completes Acquisition of Kyoei Yakken Shares

TOKYO, Jul 31 (Pulse News Wire) – Elitz Holdings CO.,LTD. (5533.T) completed the acquisition of shares in Kyoei Yakken, as previously announced on June 11, 2026.

The transaction was finalized with a payment of approximately ¥450 million instead of the initially planned ¥400 million. Advisory fees amounted to around ¥7 million compared to the anticipated ¥5 million. As a result, the acquired shares will be recorded at approximately ¥457 million. Kyoei Yakken, now a wholly-owned subsidiary through its subsidiary Lifeline, operates in building and condominium maintenance services. It is headquartered in Kyoto City's Shinkyogoku district.

The company’s capital is ¥30 million and it was established on November 30, 1978. Following the acquisition, the consolidation effective date will be set for September 30, 2026, with minimal impact expected on the current fiscal performance forecast. Key details of Kyoei Yakken include: - Name: Kyoei Yakken Co., Ltd. - Location: Kyoto City, Shinkyogoku District - Representative: Mr. Hiroshi Azuma, President and CEO - Business: Building and condominium maintenance services - Capital: ¥30 million - Established: November 30, 1978 - Major shareholder: Elitz Holdings CO.,LTD.

With a holding ratio of 100% This acquisition solidifies Elitz Holdings’ position in the maintenance sector, enhancing their service offerings and operational reach.