Leopalace21 Corporation, also known as Leonet, is a privately owned company headquartered in Japan. Founded in 1973, it employs approximately 3,000 individuals. Functioning as a tier 1 media tech buyer, the company provides media and TV services. It specializes in real estate and residential property management, encompassing the construction, leasing, and management of apartments. The company focuses on single-occupancy housing, catering to university students, corporate employees on temporary assignment, and foreign residents. As of 2026, Leopalace21 operates as a Smart Housing Tech provider, managing over 560,000 apartment units across Japan. Its offerings include all-inclusive furniture and appliance packages and its proprietary LEONET high-speed internet system.
Nagashima Ohno & Tsunematsu is advising Leopalace21 on a proposed $1.7 billion take-private acquisition by a consortium comprising Japanese holding company Hikari Tsushin, private equity firm MBK Partners, and an affiliate of NEC Capital Solutions, as of September 24, 2026. Previously, on September 14, 2026, Leopalace21 signed a memorandum of understanding with Japan Innovation Investment Company to divest its elderly care subsidiaries, Azu Life Care and Azu Residence. This move aims to transfer all shares to a special purpose company backed by J-INC-managed funds, allowing Leopalace21 to refocus on its core leasing operations. Earlier, on August 27, 2026, the company reported its first-quarter financial results for the fiscal year ending March 2027, following a briefing held on August 7 led by President and CEO Bunya Miyao.
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Leopalace21 Corporation offers 2 products in the media and telecoms services industry. Leopalace21 Corporation's product portfolio comprises of telecoms and media and TV services.
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