Miyoshi Holdings Adds Matsuzaki Sanko to Group Through Share Acquisition

Miyoshi Holdings (Fukuoka City) added Matsuzaki Sanko (Minami-ku, Fukuoka City), a property management company, to its corporate group as of November 28, 2025. Miyoshi Holdings acquired the company’s shares and made it a consolidated subsidiary.

Founded in 1973, Matsuzaki Sanko manages approximately 1,200 residential units, primarily in Fukuoka’s Minami Ward. Takeshi Hase has been appointed as the new president.

With this transaction, the Miyoshi Real Estate Group now comprises eight consolidated companies. The acquisition is expected to strengthen the group’s operating base in Minami Ward while expanding total units under management.

M&A activity among small and mid-sized property management firms has been accelerating. According to Nihon M&A Center, M&A in the real estate sector has increased roughly 4.5x over the past seven years. With more than 46% of industry workers aged 60 or older—over twice the ratio across all industries—succession-related sales are rising. In the rental management sector in particular, declining household numbers since 2023 have contributed to consolidation by mid- to large-sized operators, prompting local, community-focused PM firms to come under the umbrella of larger groups.

Key Facts

• Acquirer: Miyoshi Holdings

• Target Company: Matsuzaki Sanko Co., Ltd.

• Acquisition Date: November 28, 2025

• Target Company Address: 1-11-28 Noma, Minami-ku, Fukuoka City, Fukuoka Prefecture

• Established: June 1973

• Units Under Management: Approx. 1,200 units

• Number of Employees: 7