Komori
Business alliance2975Star Mica Holdings Co.,Ltd.Real estate

Notice Regarding the Formation of the Second Securitization Fund Through a Capital and Business Alliance with Development Bank of Japan Inc.

With structuring support and an equity investment from DBJ, the Company Group transferred 191 used condominium units it owned to a newly established fund and formed its second real estate securitization fund. スター・マイカ also made a silent partnership investment.

Worth reading
41Recurring
0–100. This measures how worthwhile something is to read, not how good or bad the company is.
Direction
Improvement
Direction inferred from the company’s description.
Scale
50
¥100 million (approx.; aggregate value of assets included)
Wording
Conditional
How definitive the wording is.

Agreements reached under this partnership

Capital and Business Alliance
2975Star Mica Holdings Co.,Ltd.
Alliance partnerDevelopment Bank of Japan Inc.
Details of the alliance
  1. 1

    Support in considering the fund structure

  2. 2

    Investment in the fund

These are items that the documents state the two companies will work on. The lines above and below represent arrangements between the two companies.

Impact on Business Performance

The transfer of the portfolio of used condominium units will be recorded in the consolidated financial results for the third quarter of the fiscal year ending November 2026. The impact on consolidated results for the fiscal year is already reflected in the full-year consolidated earnings forecast announced on 13 May 2026.

Contract Date30 April 2025Alliance start date27 July 2026 (launch of operations)
Agreements reached under this partnership
ItemDetails
Name of alliance partnerDevelopment Bank of Japan Inc.
Type of allianceCapital and Business Alliance
Details of the allianceSupport in considering the fund structure, Investment in the fund
Contract Date30 April 2025
Alliance start date27 July 2026 (launch of operations)
Impact on Business PerformanceThe transfer of the portfolio of used condominium units will be recorded in the consolidated financial results for the third quarter of the fiscal year ending November 2026. The impact on consolidated results for the fiscal year is already reflected in the full-year consolidated earnings forecast announced on 13 May 2026.
Items this document does not state (17)
Alliance partner's business activitiesAlliance partner's locationAlliance partner's capitalAlliance partner's net salesAlliance partner's operating incomeNumber of shares acquiredAcquisition priceShareholding ratioOverview of the joint ventureOwnership ratioDispatch of directors and officersContract PeriodNumerical targets under the allianceShareholding PolicyDate of board resolutionShare Acquisition Date and Payment DateChange in major shareholders

These are items the company does not state in this document. We do not leave them blank, nor fill them in from other sources or by inference.

The reasons the company gives

The company's own explanation, not something inferred from the numbers.

To promote the formation of funds set out in the Medium-Term Management Plan, further expand the fund business going forward, create scope for future expansion through the participation of diverse investors, strengthen the funding base, and achieve sustainable growth and enhance corporate value over the medium to long term.

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Corrections happenIf the company reissues this disclosure, the page is rebuilt from the corrected version and the revision number moves up.
Notice Regarding the Formation of the Second Securitization Fund Through a Capital and Business Alliance with Development Bank of Japan Inc. | Star Mica Holdings Co.,Ltd. (2975) timely disclosure | Komori