Development of the Los Angeles Business
First written in FY2020-Q2. 9 of 17 entries say "Advanced", first in FY2020-Q3. Latest entry: FY2026-H1.
No other company in this theme has enough history to compare yet.
- FY2026-H1Liquidation of U.S. Subsidiary CompletedAnnual report
「During the current interim consolidated accounting period, Avenue Works Normandie LLC was dissolved and its liquidation was completed, so it was excluded from the scope of consolidation.」
Avenue Works Normandie LLC, related to the Los Angeles for-sale townhouse development business, was dissolved and its liquidation completed, and it was excluded from the scope of consolidation. The restructuring and liquidation of the U.S. business has progressed further. - FY2025Review of U.S. Business Strategy; Liquidation OngoingAnnual report
「ADW-No.1 LLC completed the sale of its held properties and has already been dissolved. Liquidation procedures remain ongoing as of 31 December 2025.」
In the U.S. business, ADW-No.1 LLC completed the sale of its held properties and was dissolved, while liquidation procedures continue. There were no overseas acquisitions, and overseas sales revenue was ¥3,133 million, while businesses in Hawaii and elsewhere remain. - FY2025-H1Liquidation of U.S. Subsidiary CompletedAnnual report
「During the current interim consolidated accounting period, Avenue Works Georgetown LLC was dissolved and its liquidation was completed, so it was excluded from the scope of consolidation.」
Avenue Works Georgetown LLC, related to the Los Angeles for-sale townhouse development business, was dissolved and its liquidation completed, and it was excluded from the scope of consolidation. - FY2024-H1AdvancedAnnual report
「This was mainly attributable to expenditure of ¥212 million for the acquisition of tangible fixed assets related to housing development and other activities in Hawaii, and ¥112 million for the acquisition of investment securities related to investments in private funds for logistics facilities and other activities.」
In the U.S. business, the company acquired tangible fixed assets for housing development in Hawaii. Overseas acquisition and sales activities, including in Los Angeles, continue cautiously while monitoring market conditions. - FY2024-Q1RestatedAnnual report
「Overseas, we are proceeding cautiously with acquisition and sales activities while closely monitoring market trends.」
The company continues to pursue overseas real estate acquisitions and sales cautiously while assessing market conditions. - FY2023-Q3RestatedAnnual report
「In the overseas real estate business, we are proceeding cautiously with the acquisition, commercialization and sales cycle for Los Angeles income-producing properties while remaining alert to an overheated market, but stable income from rents on held properties and property-management fees is supporting performance.」
The Los Angeles business is proceeding cautiously with acquisitions, commercialization and sales amid an overheated market, while rents and property-management fees provide stable income. - FY2023-Q2RestatedAnnual report
「In the overseas real estate business, we are proceeding cautiously with the acquisition, commercialization and sales cycle for Los Angeles income-producing properties while remaining alert to an overheated market, but stable income from rents on held properties and property-management fees is supporting performance.」
The Los Angeles business is proceeding cautiously with acquisitions, commercialization and sales amid an overheated market, while rents and property-management fees provide stable income. - FY2023-Q1AdvancedAnnual report
「During the first quarter of the current consolidated fiscal year, Avenue Works Cochran LLC and Avenue Works Georgetown LLC were established as subsidiaries promoting new projects in the Los Angeles for-sale townhouse development business. ADW Lending LLC and Avenue Works Burnside LLC were dissolved following completion of their projects.」
Two new companies were established for Los Angeles for-sale townhouse development, while ADW Lending LLC and Avenue Works Burnside LLC were dissolved after their projects ended. - FY2022AdvancedAnnual report
「In the overseas real estate business, we focused on restoring the acquisition, commercialization and sales cycle for income-producing properties in Los Angeles. We also actively pursued the development of for-sale townhouses and brokerage of property sales in joint businesses with local partners, expanding the business.」
The company worked to restore the Los Angeles acquisition, commercialization and sales cycle and expanded into townhouse development and sales brokerage with local partners. - FY2022-Q3AdvancedAnnual report
「Our focus on acquisition activities in Los Angeles, U.S., also led to progress in acquiring attractive properties.」
The company continued and strengthened its Los Angeles acquisition activities, making progress in acquiring attractive properties. - FY2022-Q2AdvancedAnnual report
「In the overseas real estate business, we focused on acquiring income-producing properties in Los Angeles, U.S., and completed more acquisitions during the first quarter than in the previous consolidated fiscal year.」
The number of Los Angeles income-producing property acquisitions in the first quarter exceeded the total for the previous consolidated fiscal year. - FY2022-Q1AdvancedAnnual report
「In the overseas real estate business, we focused on acquiring income-producing properties in Los Angeles, U.S., and completed more acquisitions during the first quarter than in the previous consolidated fiscal year.」
The number of Los Angeles income-producing property acquisitions in the first quarter exceeded the total for the previous consolidated fiscal year. - FY2021-Q2AdvancedAnnual report
「In Los Angeles, U.S., our existing income-producing property sales business has begun to gain traction, and we have also launched new locally completed businesses, making new business development concrete.」
The existing income-producing property sales business began operating in Los Angeles, and the company launched locally completed businesses. It also established Avenue Works Ardmore LLC and Avenue Works Normandie LLC for similar joint development purposes. - FY2021-Q1AdvancedAnnual report
「In the overseas business, we began a joint development business with a local operator in Los Angeles.」
The Los Angeles business began a joint development project with a local operator. Avenue Works Burnside LLC was also consolidated as the local business progressed. - FY2020.Annual report
「We newly established ADW Hawaii LLC to fully pursue business in Hawaii, U.S.」
The company’s annual report also describes ADW Hawaii LLC, established in the previous quarter, as an initiative to fully pursue the Hawaii business. - FY2020-Q3.Annual report
「On 22 September 2020, ADW Hawaii LLC was newly established in Hawaii, U.S., with 100% of its capital contributed by A.D.Works USA, Inc., a wholly owned subsidiary of the Company, to engage in the purchase and sale, development and holding of real estate.」
The company established a subsidiary in Hawaii to purchase, sell, develop and hold real estate, expanding the geographic scope of its U.S. business based on experience gained in Los Angeles. - FY2020-Q2.Annual report
「We are also developing the same business in Los Angeles, U.S., with the aim of transferring the characteristics and know-how of our proprietary domestic business model, expanding the services offered to customers, and expanding and stabilizing our income-producing property portfolio.」
The company describes its Los Angeles business as applying its domestic business model and know-how to expand and stabilize its service offering and portfolio.