Acquisition of the Master-Lease and Sublease Business for Medical Malls
First written in FY2023-Q1. 2 of 5 entries say "Advanced", first in FY2023-Q2. Latest entry: FY2026-H1.
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- FY2026-H1Intra-Group Business Transfer CompletedAnnual report
「Based on a resolution of the Board of Directors held on 25 November 2025, the Company conducted an absorption-type company split on 13 January 2026, with A.D. Partners Co., Ltd., a consolidated subsidiary of the Company, as the splitting company and A.D.Works Co., Ltd. as the succeeding company.」
The intra-group transfer of the recurring businesses, including the medical mall master-lease and sublease business, to A.D.Works Co., Ltd. was completed on 13 January 2026. - FY2025Intra-Group Business SuccessionAnnual report
「Through an absorption-type company split, the property-management business for properties held by our group, the property-management business for properties sold by our group as fractional real estate products, the medical mall master-lease and sublease business, and the rent-guarantee business were transferred to A.D.Works Co., Ltd.」
On 13 January 2026, the medical mall master-lease and sublease business and other businesses were transferred to A.D.Works Co., Ltd. The operating entity for the acquired recurring businesses was reorganized within the group. - FY2023AdvancedAnnual report
「The master-lease and sublease business for medical malls is expected to lift profit from the recurring fee-based business that our group is strengthening, and we determined that it could generate sufficient future cash flow relative to the amount invested.」
Between January and July 2023, the company acquired the master-lease and sublease business for multiple medical malls for cash consideration of ¥330,516 thousand and recorded goodwill of ¥352,629 thousand. The transaction supports stable future income and strengthens the recurring fee-based business. - FY2023-Q2AdvancedAnnual report
「We also began transferring the contractual position in the sublease business with the aim of obtaining stable future income.」
Following the acquisition of the medical mall master-lease and sublease business, the company began transferring the contractual position in the sublease business. Expenditure including goodwill and security deposits totaled ¥489 million. - FY2023-Q1First statedAnnual report
「Description of acquired business: master-lease and sublease business for multiple medical malls」
On 31 January, 28 March and 31 March 2023, the company acquired the master-lease and sublease business for multiple medical malls for cash consideration of ¥302,703 thousand. Goodwill of ¥324,816 thousand was recorded, with amortization periods of 6 to 19 years. The acquisition was intended to lift profit from recurring fee-based services and secure future cash flow.