Jibannet completes house warranty subsidiary acquisition

Jibannet Holdings (TSE:6072) has announced the completion of the business acquisition of General Incorporated Association House Warranty, making it a subsidiary. The finalization occurred on April 22, 2025, following the completion of a business transfer agreement between House Warranty, the General Incorporated Association, and its group companies. The acquired entity, now named 株式会社ハウスワランティ, is located in Tokyo, with Kazuhito Kinzawa serving as the Representative Director. Its primary business involves ground guarantee services and related consulting. The acquisition cost JPY 250 million, with JPY 21 million in advisory fees, totaling JPY 271 million. The advisory fees will affect the fiscal year ending March 2025, already reflected in the company's previously released earnings forecast. Jibannet anticipates the acquisition to contribute to long-term consolidated earnings and increased corporate value. The company plans to announce its consolidated earnings forecast for the fiscal year ending March 2026 on May 14, 2025.