Announcement Regarding the Conclusion of a Business Transfer Agreement between Sapporo Bussan, Sapporo Shoji, and Hoei Kensetsu
Hoei Kensetsu Co., Ltd., a subsidiary of Logos Holdings Co., Ltd., has decided to acquire the detached house sales business from Sapporo Bussan Co., Ltd. and Sapporo Shoji Co., Ltd., which are currently undergoing civil rehabilitation proceedings, for 1.6 billion yen. This aims to resolve the issue of Sapporo Bussan's unfinished properties and contribute to the local community.
📋 Article Processing Timeline
- 📰 Published: April 29, 2026 at 19:00
- 🔍 Collected: April 29, 2026 at 11:01
- 🤖 AI Analyzed: April 29, 2026 at 11:06 (5 min after Collected)
Logos Holdings Co., Ltd. (Head office: Obihiro City, Hokkaido, Representative Director and President: Yuichi Ikeda), a custom-built home builder utilizing digital marketing and DX operations, announced that its consolidated subsidiary, Hoei Kensetsu Co., Ltd. (hereinafter referred to as "Hoei Kensetsu"), has decided to acquire the detached house sales business from Sapporo Bussan Co., Ltd. and Sapporo Shoji Co., Ltd. (hereinafter collectively referred to as "Sapporo Bussan").
This decision was made at a Board of Directors meeting held on April 24, 2026, and a business transfer agreement was concluded on the same date.
Background and Purpose of Support
Since its establishment in 1965, Sapporo Bussan has been selling over 100 detached houses annually, mainly in the Sapporo area. However, with the revision of the Building Standards Act in April 2025 and the reduction of the "No. 4 Special Exception" (4号特例), the review of building permit applications took longer than expected, leading to a decrease in the number of housing starts. In addition, sales volumes declined due to a backlash from pre-revision rush demand and rising housing loan interest rates. Furthermore, soaring construction material and outsourcing costs led to a deterioration in profitability and cash flow, resulting in Sapporo Bussan filing for civil rehabilitation with the Sapporo District Court on March 23, 2026.
Currently, there are a total of 125 inventory properties in Sapporo City owned by Sapporo Bussan, including 50 unfinished properties. If left unattended, this could lead to stagnation in the regional real estate market.
Our group, which holds a top-class share in the Hokkaido and Sapporo areas, has decided to take over this business to fulfill its responsibility to the local community (its mission as a sponsor). By leveraging our group's extensive sales track record and construction capabilities, we aim to complete ongoing projects, maximize asset value, and achieve early rehabilitation of this business.
Outline of Business Transfer
Item | Content
-----|----------
Acquiring Company | Hoei Kensetsu Co., Ltd.
Acquisition Details | Detached house sales business owned by Sapporo Bussan
Acquired Assets | Inventory real estate (22 completed properties, 50 unfinished construction properties, 53 land plots, 1 custom-built house)
Acquired Liabilities | Not included in the scope.
Transfer Price | 1,600,000 thousand yen (cash settlement)
Overview of the Business Transfer Counterparty
Name | Sapporo Bussan Co., Ltd.
Location | 1-13-6-6 Minami 7-jo Nishi 1-chome, Chuo-ku, Sapporo City, Hokkaido
Representative Officer/Name | Masayuki Akita, Representative Director
Business Description | Detached house sales business
Capital | 70 million yen
Date of Establishment | September 13, 1965
Name | Sapporo Shoji Co., Ltd.
Location | 1-21 Kawakita 1-jo 3-chome, Shiroishi-ku, Sapporo City, Hokkaido
Representative Officer/Name | Masayuki Akita, Representative Director
Business Description | Construction material wholesale business
Capital | 10 million yen
Date of Establishment | August 30, 1975
Logos Holdings Co., Ltd.
With the management philosophy of "Creating Japanese Home Building," we aim to be a "collection of No. 1 local builders" by collaborating with builders nationwide. In our main housing business, we have 39 bases mainly in Hokkaido, as well as Aomori, Iwate, Miyagi, Fukushima, Tochigi, Niigata, Aichi, and Mie prefectures, where operating companies such as Logos Home, Hoei Kensetsu, GALLERY HOUSE, and Sakai Kensetsu build distinctive homes in each region.
In the housing industry, local builders, who construct most of Japan's homes, face challenges such as "shortage of successors," "shortage of carpenters," and "difficulty in business continuity" due to inability to streamline operations or respond to administrative regulations. Logos Holdings aims to stabilize the management of these local builders, including improving working styles and productivity for all those involved in home building nationwide, and seeks to grow together through alliances.
■Company Overview
(1) Trade Name: Logos Holdings Co., Ltd. (Securities Code: 205A)
(2) Representative: Yuichi Ikeda, Representative Director and President
(3) Head Office Location: JR Tower Office Plaza Sapporo 16F, 2-5 Kita 5-jo Nishi 2-chome, Chuo-ku, Sapporo City, Hokkaido
(4) Main Office Location: 2-1 Higashi 3-jo Minami 13-chome, Obihiro City, Hokkaido
(5) Capital: 107,277,283 yen
(6) Main Business Activities: Digital marketing and efficient operations utilizing DX for custom-built homes.
(7) URL: https://logos-holdings.jp/
(Inquiries regarding this matter)
Logos Holdings Co., Ltd. President's Office, Contact: Iwakura
press@logos-holdings.jp / TEL 011-600-1300 / FAX 011-211-1380
This decision was made at a Board of Directors meeting held on April 24, 2026, and a business transfer agreement was concluded on the same date.
Background and Purpose of Support
Since its establishment in 1965, Sapporo Bussan has been selling over 100 detached houses annually, mainly in the Sapporo area. However, with the revision of the Building Standards Act in April 2025 and the reduction of the "No. 4 Special Exception" (4号特例), the review of building permit applications took longer than expected, leading to a decrease in the number of housing starts. In addition, sales volumes declined due to a backlash from pre-revision rush demand and rising housing loan interest rates. Furthermore, soaring construction material and outsourcing costs led to a deterioration in profitability and cash flow, resulting in Sapporo Bussan filing for civil rehabilitation with the Sapporo District Court on March 23, 2026.
Currently, there are a total of 125 inventory properties in Sapporo City owned by Sapporo Bussan, including 50 unfinished properties. If left unattended, this could lead to stagnation in the regional real estate market.
Our group, which holds a top-class share in the Hokkaido and Sapporo areas, has decided to take over this business to fulfill its responsibility to the local community (its mission as a sponsor). By leveraging our group's extensive sales track record and construction capabilities, we aim to complete ongoing projects, maximize asset value, and achieve early rehabilitation of this business.
Outline of Business Transfer
Item | Content
-----|----------
Acquiring Company | Hoei Kensetsu Co., Ltd.
Acquisition Details | Detached house sales business owned by Sapporo Bussan
Acquired Assets | Inventory real estate (22 completed properties, 50 unfinished construction properties, 53 land plots, 1 custom-built house)
Acquired Liabilities | Not included in the scope.
Transfer Price | 1,600,000 thousand yen (cash settlement)
Overview of the Business Transfer Counterparty
Name | Sapporo Bussan Co., Ltd.
Location | 1-13-6-6 Minami 7-jo Nishi 1-chome, Chuo-ku, Sapporo City, Hokkaido
Representative Officer/Name | Masayuki Akita, Representative Director
Business Description | Detached house sales business
Capital | 70 million yen
Date of Establishment | September 13, 1965
Name | Sapporo Shoji Co., Ltd.
Location | 1-21 Kawakita 1-jo 3-chome, Shiroishi-ku, Sapporo City, Hokkaido
Representative Officer/Name | Masayuki Akita, Representative Director
Business Description | Construction material wholesale business
Capital | 10 million yen
Date of Establishment | August 30, 1975
Logos Holdings Co., Ltd.
With the management philosophy of "Creating Japanese Home Building," we aim to be a "collection of No. 1 local builders" by collaborating with builders nationwide. In our main housing business, we have 39 bases mainly in Hokkaido, as well as Aomori, Iwate, Miyagi, Fukushima, Tochigi, Niigata, Aichi, and Mie prefectures, where operating companies such as Logos Home, Hoei Kensetsu, GALLERY HOUSE, and Sakai Kensetsu build distinctive homes in each region.
In the housing industry, local builders, who construct most of Japan's homes, face challenges such as "shortage of successors," "shortage of carpenters," and "difficulty in business continuity" due to inability to streamline operations or respond to administrative regulations. Logos Holdings aims to stabilize the management of these local builders, including improving working styles and productivity for all those involved in home building nationwide, and seeks to grow together through alliances.
■Company Overview
(1) Trade Name: Logos Holdings Co., Ltd. (Securities Code: 205A)
(2) Representative: Yuichi Ikeda, Representative Director and President
(3) Head Office Location: JR Tower Office Plaza Sapporo 16F, 2-5 Kita 5-jo Nishi 2-chome, Chuo-ku, Sapporo City, Hokkaido
(4) Main Office Location: 2-1 Higashi 3-jo Minami 13-chome, Obihiro City, Hokkaido
(5) Capital: 107,277,283 yen
(6) Main Business Activities: Digital marketing and efficient operations utilizing DX for custom-built homes.
(7) URL: https://logos-holdings.jp/
(Inquiries regarding this matter)
Logos Holdings Co., Ltd. President's Office, Contact: Iwakura
press@logos-holdings.jp / TEL 011-600-1300 / FAX 011-211-1380