TOKYO, Mar 23 (Pulse News Wire) – Next Notes Niche Top Mid Small Cap Japan Equity, Net Total Return ETN (205A.T) announced today that its subsidiary, Toyoei Construction Co., Ltd., signed a sponsorship agreement with Zassho Real Estate Co., Ltd. and Zassho Trading Co., Ltd.
(collectively referred to as "Zassho"). The move was approved during a board meeting held. Additionally, Zassho filed for civil rehabilitation proceedings with the Sapporo District Court on the same day. Founded in 1965, Zassho has been active in the Sapporo area, annually constructing and selling more than 100 detached houses. The company boasts a strong presence in the local market and extensive networks with landowners and regional businesses. By leveraging Logos Group's rich sales experience and construction expertise in wooden homes, the aim is to complete ongoing projects and maximize asset value through early sales.
Under the sponsorship agreement, Toyoei Construction seeks to acquire Zassho’s unfinished real estate inventory and ensure employment continuity. Specific details of the asset transfer will be further negotiated under court supervision. Zassho, headquartered in Sapporo City, Central Ward, South Seven Street West One Block 13-6-6, has a capital of ¥70 million. Founded on September 13, 1965, the company specializes in detached housing development. The impact of this deal on Logos Group's consolidated performance for the fiscal year ending May 2026 is currently being assessed. Any significant developments will be disclosed promptly.
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