Logos Holdings completed the takeover of Aera Home's custom-home business on 1 October 2026, a day on which the absorption-type company split took effect. A wholly owned subsidiary now holds the assets, liabilities, contracts and employees of the business that Aera Home ran through its stores. Renovation and franchise operations are not part of the deal.
What moved and what did not
The business transferred is Aera Home's custom-home construction business and the activities attached or related to it, with renovation and franchise operations excluded. Logos had signed a sponsor agreement on 16 July, the day Aera Home filed for civil rehabilitation at the Tokyo District Court. The agreement aimed at taking over the business and assets, securing employment and rebuilding the business. The Tokyo District Court gave permission on 24 September.
The transfer covers employment as well as property. Logos's notice lists "assets, liabilities, contracts and employment" as the items moving to the successor company. It does not give a price or other consideration for the transfer.
A renamed subsidiary with more capital
The successor is the company previously called LHD-1, set up on 3 July 2026 and wholly owned by Logos. It is now named Courage Home Co., Ltd. (クラージュホーム株式会社 in Japanese), with Hideyuki Nakajima as president. Its stated business is building contracting, design, construction and supervision. Its address moved to Showa, Yamanashi Prefecture, from central Tokyo.
Logos's board resolved on 1 October to subscribe to a capital increase at the subsidiary, lifting its capital from ¥10mn to ¥100mn. The new capital equals at least one-tenth of Logos's own capital, so the subsidiary becomes a "specified subsidiary", a category the company has to report. Logos said the increase is meant to strengthen the business base and stabilise the finances. The renaming, Logos said, gives the custom-home business a new structure and brand.
An extraordinary report filed the same day with the Hokkaido Local Finance Bureau confirms the change. Logos's voting rights in the subsidiary rose from 200 to 2,000, and its stake stays at 100.0%.
Earnings effect still unknown
Logos said it is still assessing the effect on consolidated results for the year ending May 2027 and will disclose anything material promptly. The notice repeats guidance published on 15 July: sales of ¥54.27bn, operating profit of ¥2.11bn and net profit attributable to owners of ¥1.16bn. Last year's actuals were sales of ¥49.50bn and net profit of ¥799mn. Those figures are group-wide and say nothing about the acquired business's own revenue.