RED WAVE G.K. acquired 98.30% stake in Miyuki Building Co., Ltd from Mitsubishi HC Capital Inc. (TSE:8593) and Mitsubishi HC Capital Estate Plus Co., Ltd. on September 20, 2024.

For the period ending March 31, 2024, Miyuki Building Co., Ltd reported total revenue of ¥5.84 billion, EBIT of ¥1.65 billion and net income of ¥803 million. As of March 31, 2024, Miyuki Building Co., Ltd reported total assets of ¥76.72 billion and total common equity of ¥36.78 billion.

RED WAVE G.K. completed the acquisition of 98.30% stake in Miyuki Building Co., Ltd from Mitsubishi HC Capital Inc. (TSE:8593) and Mitsubishi HC Capital Estate Plus Co., Ltd. on September 20, 2024.