Investment and Fee-Income Model Using Funds and SPCs
First written in FY2016. 23 of 31 entries say "Restated". Latest entry: 2026-10-06.
0 other companies' latest entry also says "First stated".
- FY2026RestatedAnnual report
「More specifically, the Company has traditionally managed income-oriented funds, or stable-income funds, whose primary purpose is to generate investment income from investment projects. Going forward, it will also form and manage funds using multiple structures.」
While the Company advocates stable-income funds and the formation and management of funds using multiple structures, no funds were formed during the period, and no revenue or profit was recognised in the asset management business. - FY2026-H1RestatedAnnual report
「In the asset management business, no asset management fees, management fees from funds or other such items were recognised because the Company had not formed any funds. As a result, no revenue or segment profit was recognised in the asset management business.」
No funds were formed during the six-month consolidated period, so no asset management fees, management fees, revenue or segment profit were recognised. - FY2025-H1RestatedAnnual report
「In the asset management business, no asset management fees, management fees from funds or other such items were recognised because the Company had not formed any funds. As a result, no revenue or segment profit was recognised in the asset management business.」
No funds were formed during the six-month consolidated period, so no asset management service fees, management fees, revenue or segment profit were recognised. - FY2024-Q3RestatedAnnual report
「In the asset management business, no asset management fees, management fees from funds or other such items were recognised because the Company had not formed any funds. As a result, no revenue or segment profit was recognised in the asset management business. (There was also no revenue or segment profit in the same quarter of the previous year.)」
No funds were formed during the quarter, so no asset management fees, management fees, revenue or segment profit were recognised. - FY2024-Q2RestatedAnnual report
「In the asset management business, no asset management fees, management fees from funds or other such items were recognised because the Company had not formed any funds. As a result, no revenue or segment profit was recognised in the asset management business. (There was also no revenue or segment profit in the same quarter of the previous year.)」
No funds were formed during the quarter, so no asset management service fees, management fees, revenue or segment profit were recognised. - FY2024-Q1RestatedAnnual report
「In the asset management business, no asset management fees, management fees from funds or other such items were recognised because the Company had not formed any funds. As a result, no revenue or segment profit was recognised in the asset management business. (There was also no revenue or segment profit in the same quarter of the previous year.)」
No funds were formed during the quarter, so no asset management service fees, management fees, revenue or segment profit were recognised. - FY2023RestatedAnnual report
「More specifically, the Company has traditionally managed income-oriented funds, or stable-income funds, whose primary purpose is to generate investment income from investment projects. Going forward, it will also form and manage funds using multiple structures.」
The Company continues to describe a model involving the formation and management of funds using multiple structures, based on stable-income funds. Meanwhile, no revenue or profit was recognised in the asset management business during the period. - FY2023-Q1RestatedAnnual report
「In the asset management business, no asset management fees, management fees from funds or other such items were recognised because the Company had not formed any funds. As a result, no revenue or segment profit was recognised in the asset management business. (There was also no revenue or segment profit in the same quarter of the previous year.)」
No funds were formed during the quarter, so no asset management fees, management fees, revenue or segment profit were recognised. - FY2022-Q3RestatedAnnual report
「In the asset management business, no asset management fees, management fees from funds or other such items were recognised because the Company had not formed any funds. As a result, no revenue or segment profit was recognised in the asset management business. (There was also no revenue or segment profit in the same quarter of the previous year.)」
No funds were formed during the quarter, so no asset management fees, management fees, revenue or segment profit were recognised. - FY2022-Q2RestatedAnnual report
「In the asset management business, no asset management fees, management fees from funds or other such items were recognised because the Company had not formed any funds. As a result, no revenue or segment profit was recognised in the asset management business. (There was also no revenue or segment profit in the same quarter of the previous year.)」
No funds were formed during the quarter, so no asset management service fees, management fees, revenue or segment profit were recognised. - FY2022-Q1RestatedAnnual report
「In the asset management business, no asset management fees, management fees from funds or other such items were recognised because the Company had not formed any funds. As a result, no revenue or segment profit was recognised in the asset management business. (There was also no revenue or segment profit in the same quarter of the previous year.)」
No funds were formed during the quarter, so no asset management fees, management fees, revenue or segment profit were recognised. - FY2021AdvancedAnnual report
「By making Seven Star a wholly owned subsidiary, the Company believes it can strengthen its recurring revenue model by leveraging Seven Star’s platform to achieve both greater access to investors, as a means of raising funds for stronger regional development and revitalisation businesses, and greater diversification of acquired assets.」
The acquisition of all shares in a company with a real estate crowdfunding platform and access to retail investors was completed, providing a concrete foundation for expanding the existing fund and SPC model. - FY2021-Q3AdvancedAnnual report
「By making Seven Star a wholly owned subsidiary, the Company believes it can strengthen its recurring revenue model by leveraging Seven Star’s platform to achieve both greater access to investors, as a means of raising funds for stronger regional development and revitalisation businesses, and greater diversification of acquired assets.」
In addition to the existing fund and SPC model, the Company presented a concrete plan to strengthen its recurring revenue model by leveraging a real estate crowdfunding platform and access to retail investors. - FY2021-Q2RestatedAnnual report
「In the asset management business, no asset management fees, management fees from funds or other such items were recognised because the Company had not formed any funds. As a result, no revenue or segment profit was recognised in the asset management business. (There was also no revenue or segment profit in the same quarter of the previous year.)」
No funds were formed during the quarter, so no asset management fees, management fees, revenue or segment profit were recognised. - FY2021-Q1RestatedAnnual report
「In the asset management business, no asset management fees, management fees from funds or other such items were recognised because the Company had not formed any funds. As a result, no revenue or segment profit was recognised in the asset management business. (There was also no revenue or segment profit in the same quarter of the previous year.)」
No funds were formed during the quarter, so no asset management fees, management fees, revenue or segment profit were recognised. - FY2020RestatedAnnual report
「More specifically, the Company has traditionally managed income-oriented funds, or stable-income funds, whose primary purpose is to generate investment income from investment projects. Going forward, it will also form and manage funds using multiple structures.」
The Company continues to present an earnings model based on stable-income funds, together with the formation and management of funds using multiple structures. However, no funds were formed during the period, and no revenue or profit was recognised in the asset management business. - FY2020-Q2RestatedAnnual report
「In the asset management business, no asset management fees, management fees from funds or other such items were recognised because the Company had not formed any funds. As a result, no revenue or segment profit was recognised in the asset management business. (There was also no revenue or segment profit in the same quarter of the previous year.)」
No funds were formed during the quarter, so no asset management fees, management fees, revenue or segment profit were recognised. - FY2020-Q1RestatedAnnual report
「In the asset management business, no asset management fees, management fees from funds or other such items were recognised because the Company had not formed any funds. As a result, no revenue or segment profit was recognised in the asset management business. (There was also no revenue or segment profit in the same quarter of the previous year.)」
No funds were formed during the quarter, so no asset management fees, management fees, revenue or segment profit were recognised. - FY2019-Q3RestatedAnnual report
「In the asset management business, no asset management fees, management fees from funds or other such items were recognised because the Company had not formed any funds. As a result, no revenue or segment profit was recognised in the asset management business. (Revenue and segment profit, or operating profit, in the same quarter of the previous year were ¥0 million.)」
No funds were formed during the quarter, so no asset management fees, management fees, revenue or segment profit in the business were recognised. - FY2019-Q2RestatedAnnual report
「In the asset management business, no asset management fees, management fees from funds or other such items were recognised because the Company had not formed any funds. As a result, no revenue or segment profit was recognised in the asset management business.」
No funds were formed during the quarter, so no asset management fees, management fees, revenue or segment profit were recognised. - FY2019-Q1No fund formation track recordAnnual report
「In the asset management business, no asset management fees, management fees from funds or other such items were recognised because the Company had not formed any funds. As a result, no revenue or segment profit was recognised in the asset management business. (Revenue and segment profit, or operating profit, in the same quarter of the previous year were ¥0 million.)」
No funds were formed during the quarter, so no asset management fees, management fees, revenue or segment profit were recognised. - FY2018RestatedAnnual report
「More specifically, the Company has traditionally managed income-oriented funds, or stable-income funds, whose primary purpose is to generate investment income from investment projects. Going forward, it will also form and manage funds using multiple structures.」
The Company continues to present an earnings model based on stable-income funds, together with the formation and management of funds using multiple structures. - FY2018-Q3RestatedAnnual report
「The initiative is primarily intended to acquire assets through the formation of real estate funds. The Company plans to form real estate funds of approximately ¥100 million each, contributing funds for fund formation and for the acquisition and development of real estate from the capital paid in when the relevant SPV is established and part of the equity contributions made after establishment. The remaining funds are expected to be raised through contributions from investors in the Company’s investor network. The Company expects to earn arrangement fees for securitisation schemes, asset management fees, dividends and capital gains when funds exit. It also envisages cases in which it continues to provide asset management services after exit.」
The Company continues to present an earnings model in which real estate funds of approximately ¥100 million are formed using an SPV and investor contributions, generating fees, dividends and capital gains. - FY2018-Q2RestatedAnnual report
「The initiative is primarily intended to acquire assets through the formation of real estate funds. The Company plans to form real estate funds of approximately ¥100 million each, contributing funds for fund formation and for the acquisition and development of real estate from the capital paid in when the relevant SPV is established and part of the equity contributions made after establishment. The remaining funds are expected to be raised through contributions from investors in the Company’s investor network. The Company expects to earn arrangement fees for securitisation schemes, asset management fees, dividends and capital gains when funds exit.」
The Company continues to present a model in which real estate funds of approximately ¥100 million are formed using an SPV and investor contributions, generating fees, dividends and capital gains. - FY2018-Q1RestatedAnnual report
「The Company expects to earn arrangement fees for securitisation schemes, asset management fees, dividends and capital gains when funds exit as a result of this initiative.」
For its real estate funds, the Company continues to present a model that generates earnings from arrangement fees, asset management fees, dividends and capital gains on exit. - FY2016First statedAnnual report
「The main sources of earnings under this business model are income from joint ventures using limited liability partnerships and fee income from various services provided using the Company’s licences and registrations, including Type II Financial Instruments Business and real estate brokerage.」
The business is based on an earnings model combining joint ventures, SPCs, securitisation and various fees.