CAINZ CORPORATION agreed to acquire Tokyu Hands, Inc. from Tokyu Fudosan Holdings Corporation (TSE:3289) on December 22, 2021. CAINZ CORPORATION will acquire 14.4 million shares of Tokyu Hands. Due to the Transfer, Hands will be excluded from the scope of consolidation of the Company. Tokyu Hands reported net assets as ¥3.6 billion, total assets as ¥32.8 billion, revenue as ¥63.1 billion, operating profit as ¥4.5 billion and profit for the year ¥7.1 billion for the period end on March 31, 2021. The implementation date of transfer is expected to take place on March 31, 2022. The transaction has been resolved by the board of directors of Tokyu Fudosan on December 22, 2021.

CAINZ CORPORATION completed the acquisition of Tokyu Hands, Inc. from Tokyu Fudosan Holdings Corporation (TSE:3289) on March 31, 2022. Cainz is said to have received a "notice of not issuing a cease and desist order" from the Japan Fair Trade Commission on March 11.