Elitz Holdings Co.,Ltd. [5533.T]
TOKYO, Jun 11 (Pulse News Wire) – Elitz Holdings CO.,LTD. (5533.T) announced today that its board of directors resolved to acquire all shares of Kyoei Yakken Co., Ltd., including its wholly-owned subsidiary Lifeline Co., Ltd.
The acquisition aims to strengthen the group's real estate management operations and reduce costs through internalization of maintenance services. Kyoei Yakken, headquartered in Kyoto City, specializes in building and condominium maintenance. Founded on November 30, 1978, the company had a capital of ¥30 million. Its major shareholder, Okazaki Yoshiyasu, holds 100% percent of the shares. Financial highlights show that Kyoei Yakken reported revenues of ¥1.476 billion, ¥1.435 billion, and ¥1.453 billion for fiscal years ending May 2023, 2024, and 2025 respectively. Operating profit stood at ¥16 million, ¥25 million, and ¥20 million during the same periods.
Net income was ¥16 million, ¥18 million, and ¥13 million for FY2023, FY2024, and FY2025. The transaction is scheduled to close on June 15, 2026, with the share transfer expected to be completed by July 31, 2026. The total consideration includes advisory fees amounting to ¥5 million. Post-acquisition, Elitz Holdings will own 73,980 shares, representing 100.0% percent of voting rights. Looking ahead, Elitz anticipates minimal impact on consolidated earnings forecasts for the current fiscal year, which ends September 2026. The company projects consolidated net income attributable to parent shareholders of 6,778 million yen, operating income of 1,107 million yen, and ordinary income of 1,090 million yen for the nine months ended September 2026.
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