TOKYO, Apr 21 (Pulse News Wire) – YAK Holdings (375A.T) announced today that its wholly-owned subsidiary, YAK Development, resolved to acquire all shares of RISE ON Co., Ltd. during a board meeting held.
The acquisition aims to expand YAK Development's real estate trading operations and enhance synergies with existing businesses. RISE ON Co., Ltd. was established on June 17, 2021 and operates in real estate brokerage, rental agency, and property management services. It has a capital of ¥10 million.
Major shareholders include Keito Saijo with 100 shares (50%) and Koki Miyoshi with 100 shares (50%). Financial highlights for RISE ON show total assets of ¥42 million, net assets of ¥17 million, revenue of ¥102.2 billion, operating profit of --¥8.159 billion, ordinary profit of --¥6.975 billion, and net profit of --¥7.430 billion for the fiscal year ending August 2025. The transaction is expected to close on April 28, 2026, with share transfers scheduled for April 30, 2026. Details of the purchase price remain confidential due to confidentiality agreements, but appropriate due diligence was conducted by external experts.
Post-acquisition, YAK Development will hold 200 shares of RISE ON, representing 100% of voting rights.
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