J-Lease completes K-net acquisition, expanding guarantee business

J-Lease Co., Ltd. (TSE:7187) announced the completion of its acquisition of K-net Corporation, effective April 21, 2025, solidifying K-net as a subsidiary. The acquisition, initially announced on March 24, 2025, sees J-Lease acquiring all outstanding shares of K-net for a total cost of JPY50 million. Including advisory fees and other expenses, the total investment amounts to JPY136 million. K-net, based in Kobe City, Hyogo Prefecture, specializes in rent guarantee services. J-Lease anticipates that this strategic acquisition will contribute to enhancing the company's corporate value over the medium to long term. J-Lease will disclose any future developments if necessary.