Establishment of a new organizational structure for the real estate business and formation of 鉄建プロパティーズ
First written in FY2020-Q3. 2 of 4 entries say "Restated". Latest entry: FY2021-Q2.
No other company in this theme has enough history to compare yet.
- FY2021-Q2RestatedAnnual report
「Effective 1 April 2020, we carried out a company split of the real estate leasing business in the Tokyo metropolitan area, which was part of our real estate division, and established the new company 鉄建プロパティーズ株式会社. As a result, the number of our subsidiaries increased by 1.」
The company split transferring the real estate leasing business in the Tokyo metropolitan area to 鉄建プロパティーズ株式会社 has been completed, and the increase of 1 subsidiary is reiterated. - FY2021-Q1RestatedAnnual report
「Based on a resolution of the Board of Directors meeting held on 17 December 2019, effective 1 April 2020 we carried out a company split of the real estate leasing business in the Tokyo metropolitan area, which was part of our real estate division, and transferred the business to the newly established 鉄建プロパティーズ株式会社.」
The company split transferring the real estate leasing business to 鉄建プロパティーズ株式会社 was completed on 1 April 2020, and the company has been included in the scope of consolidation since the first quarter of the current fiscal year. - FY2020AchievedAnnual report
「Based on a resolution of the Board of Directors meeting held on 17 December 2019, effective 1 April 2020 we carried out a company split of the real estate leasing business in the Tokyo metropolitan area, which was part of our real estate division, and transferred the business to the newly established 鉄建プロパティーズ株式会社.」
The company split approved as a specific measure to strengthen the real estate business was carried out on 1 April 2020, completing the transfer of the business to 鉄建プロパティーズ株式会社. The newly established company is stated to have capital of ¥100 million and assets of ¥7,284 million. - FY2020-Q3First statedAnnual report
「Under the Medium-Term Management Plan 2018–2020, we have identified the active expansion of the real estate business and the further development of the 鉄建 Group as strategic priorities, with the establishment of a new structure to strengthen the real estate business and support the development of new businesses as specific initiatives. The establishment of a real estate subsidiary is intended to serve as the core of efforts to promote the real estate business as a new earnings pillar following the civil engineering and construction businesses, thereby contributing to an increase in the Group’s corporate value over the medium to long term.」
As a specific measure to strengthen the real estate business under the medium-term management plan, the Board of Directors has resolved to transfer to a newly established company, through a company split, the rights and obligations relating to the real estate leasing business in the Tokyo metropolitan area. The effective date is 1 April 2020. The new company is expected to issue 1,000 common shares and have capital of ¥100 million and total assets of ¥6,571 million.