As of July 1, 2012, Shoei Co. Ltd. was acquired by Hulic Co., Ltd., in a reverse merger transaction. Shoei Co., Ltd. engages in real estate development, leasing, and brokerage businesses in Japan. The company leases land, buildings, and condominiums. It is also involved in the management of real estate funds and advisory operations for real estate investment; and invests in marketable and unmarketable securities. The company was formerly known as The Shoei Silk Manufacturing Co., Ltd. and changed its name to Shoei Co., Ltd. in 1971. Shoei Co., Ltd. was founded in 1885 and is headquartered in Tokyo, Japan.