ZENKOKU HOSHO Co.,Ltd. completed the acquisition of The Higashi-Nippon Guarantee Service Co., Ltd from The Higashi-Nippon Bank, Limited.
April 27, 2023
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ZENKOKU HOSHO Co.,Ltd. (TSE:7164) agreed to acquire The Higashi-Nippon Guarantee Service Co., Ltd from The Higashi-Nippon Bank, Limited on March 29, 2023. The Higashi-Nippon Guarantee has net assets of ¥419 million, total assets of ¥1,051 million, net sales of ¥35 million and EBIT of ¥15 million as of March 2022. The scheduled stock transfer execution date is on April 28, 2023.
ZENKOKU HOSHO Co.,Ltd. (TSE:7164) completed the acquisition of The Higashi-Nippon Guarantee Service Co., Ltd from The Higashi-Nippon Bank, Limited on April 28, 2023.
ZENKOKU HOSHO Co., Ltd. is mainly engaged in the operation of credit guarantee business. The Companyâs guarantee products comprise three categories. The housing loan guarantees are its core products, which can meet the diverse needs of customers, such as housing acquisition funds and refinancing funds, and renovation funds and others. It acquires guarantee fees from guarantee requesters through the classification by collateral valuation and other requirements such as annual income and years of service. Education loan guarantee products guarantee the borrowings of education funds, which deal with term loans, overdraft and other formats. About the use of funds, it deals with tuition fees, exam costs and others. The apartment loan guarantee products guarantee the borrowings of construction costs of rental housing.