Acquiring a Tokyo metropolitan commercial-store development network through the acquisition of L&B Co., Ltd.
First written in FY2023-Q3. 2 of 3 entries say "Advanced", first in FY2023. Latest entry: FY2025.
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- FY2025AdvancedAnnual report
「L&B Co., Ltd., a subsidiary, will handle construction of stores on acquired real estate, while Esty Link Co., Ltd. will manage and attract tenants for residential real estate. The Group will create synergies and improve management efficiency through this division of roles.」
The post-acquisition division of roles and intra-group coordination were made concrete by assigning store construction to L&B and residential real estate management and tenant placement to Esty Link. - FY2023AdvancedAnnual report
「L&B Co., Ltd., which became a subsidiary in January 2023, specializes in store development centered on Saitama Prefecture and operates a business highly compatible with the Company’s ability to develop raw sites. Saitama is an attractive market because its population continues to grow, and the Group will use its strengths to expand stable income.」
Through the acquisition of L&B as a wholly owned subsidiary, the Group incorporated store development in the Kanto region, centered on Saitama, and made its stable-income expansion strategy concrete. - FY2023-Q3First statedAnnual report
「The objective is to expand the geographic scope of the real estate development and leasing business, including commercial-store development and store construction contracting in the Tokyo metropolitan region, particularly Saitama Prefecture, and to acquire a network of information on new store-development opportunities.」
As an important subsequent event, the Company acquired 100% of L&B’s issued shares and made it a consolidated subsidiary on 20 January 2023. The purpose was to expand commercial-store development and construction contracting in the Tokyo metropolitan region and acquire a store-development information network.