FilingReader Intelligence

Living platform completes acquisition of group home business

April 2, 2025 at 12:03 PM UTCBy FilingReader AI

Living Platform (TSE:7091) announced the completion of its consolidated subsidiary, Living Platform Care, acquiring the elderly group home operating business from Eco Co., Ltd. on April 1, 2025. The acquired business encompasses the operation of seven group home facilities with a total of 126 rooms and the same number of residents. The business generated revenues of JPY 573 million in the fiscal year ending June 2024. Living Platform anticipates that the acquisition will have a negligible impact on its consolidated financial results for the fiscal year ending March 2025. The asset transfer is estimated at JPY 17 million.

This report was generated by FilingReader's AI system from regulatory filings and company disclosures. To request a correction, contact editorial@filingreader.com

TSE:7091Tokyo Stock Exchange

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