Hero Co., Ltd. completed the acquisition of Leopalace21 Philippines, Inc from Leopalace21 Corporation.

LEOPALACE21 CORPORATION is a Japan-based company primarily engaged in the leasing business and development business. The Company operates in four business segments. The Leasing segment is involved in the leasing, management and repair of buildings, as well as the provision of related services and broadband service. The Development segment involves in apartment construction, as well as the recruitment and sales of real estate specific joint venture products. The Hotel Resort and Others segment is involved in the operation of hotels, and finance business. The Silver segment is engaged in the operation of elderly nursing care facilities. The Others segment is engaged in the operation of care facilities.