Kyoritsu Maintenance Co., Ltd. entered into share transfer agreement to acquire 25.006473% stake in Cosmos Initia Co., Ltd. from Daiwa House Industry Co., Ltd. for ¥6.03 billion.

COSMOS INITIA Co.,Ltd. is a Japan-based company engaged in the residential business, solutions business, construction business, overseas business and other related business. The Company operates through four business segments. The Residential segment is engaged in the sale of newly-built condominiums, newly-built single-family houses, town houses, renovated condominiums, as well as provision of retail brokerage services. The Solution segment is engaged in sublease of condominiums and office buildings, the sale and intermediation of real estate for investment, consulting on real estate, as well as management of hotels. The Construction segment is engaged in business about condominium gallery construction work, office relocation repair work and construction work for rental housing. Overseas segment is engaged in hotel and resort management business in Australia.