Urbanlike will acquire Craft, a renovation company, to expand its services in Okinawa's real estate market, expecting significant synergies and growth potential.
Information on the Target
Urbanlike (Ticker: 2992) is a real estate firm that has recently undertaken a strategic move to diversify its operations by acquiring Craft, a company specializing in renovation services. This acquisition marks Urbanlike's entry into the renovation sector and is aimed at leveraging potential synergies with its existing residential and resort-related operations in Okinawa. Craft, based in Nanjo City, Okinawa, reported a revenue of 764 million yen, an operating profit of 32 million yen, and net assets of 177 million yen for the fiscal year ending December 2024.
The total acquisition value remains undisclosed, with the transaction expected to be finalized on December 18, 2025. Urbanlike intends to acquire 100% of Craft's shares, indicating a strong commitment to integrating Craft's services into its portfolio.
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Industry Overview in Japan
The renovation industry in Japan has experienced steady growth, driven by an aging population and the increasing demand for home improvements. With a significant number of older homes, homeowners are increasingly
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Disclosed details
Revenue: $8M
EBITDA: $0M