Increase in Real Estate Held for Sale and Deposits Received for Silent Partnership Investments Due to Business Expansion
First written in FY2024-Q3. 3 of 8 entries say "Advanced", first in FY2024. Latest entry: 2026-08-14.
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- 2026-08-14AdvancedEarnings
「なお、この販売用不動産の減少は、不特法３号・４号免許取得後、SPC（特別目的会社）を活用したオフバランスでのファンド運営が可能となり、当初の意図通り、事業拡大と並行してバランスシートのスリム化が可能になったことによるものであります。」
SPC活用によるオフバランス運営が、販売用不動産及び匿名組合出資預り金の減少とバランスシートのスリム化に結び付いたと説明している。 - FY2026Off-balance-sheet structuring using SPCs and shift in the composition of deposits receivedAnnual report
「Following the acquisition of licenses for Type 3 and Type 4 real estate specified joint enterprises, the company became able to operate funds off balance sheet using special-purpose companies (SPCs), making it possible to streamline the balance sheet alongside business expansion, as originally intended.」
Deposits received for silent partnership investments declined by ¥23,562.410 million, while crowdfunding deposits received and borrowings increased. The company explains that the use of SPCs enabled it to pursue business expansion and balance-sheet streamlining at the same time. - FY2026-H1Changes in deposits received and increase in borrowingsAnnual report
「Total assets at the end of the interim consolidated accounting period were ¥54,350.405 million, an increase of ¥1,413.544 million from the end of the previous consolidated fiscal year. This was mainly due to a ¥8,546.437 million decrease in cash and deposits, offset by increases of ¥4,660.386 million in deposits, ¥4,451.402 million in real estate held for sale and ¥512.232 million in other current assets due to the recording of deposits and other items. This was mainly due to an ¥11,226.230 million decrease in deposits received for silent partnership investments, offset by increases of ¥4,655.698 million in crowdfunding deposits received, ¥2,824.933 million in short-term borrowings and ¥341.271 million in long-term borrowings.」
Total assets increased by ¥1,413.544 million from the end of the previous fiscal year, with increases in real estate held for sale and deposits. Among liabilities, deposits received for silent partnership investments declined, while crowdfunding deposits received and short- and long-term borrowings increased, changing the composition of financing and deposits received. - FY2025-H1AdvancedAnnual report
「Total assets at the end of the interim consolidated accounting period were ¥42,415.949 million, an increase of ¥6,666.826 million from the end of the previous consolidated fiscal year. This was mainly due to increases of ¥3,263.696 million in cash and deposits, ¥2,385.880 million in real estate held for sale and ¥548.841 million in property, plant and equipment due to transfers from real estate held for sale and other factors.」
Total assets increased by ¥6,666.826 million from the end of the previous fiscal year as the business expanded, with increases in cash and deposits, real estate held for sale and property, plant and equipment. Liabilities included increases of ¥5,709.11 million in deposits received for silent partnership investments and ¥1,237.946 million in long-term borrowings. - FY2024AdvancedAnnual report
「This was mainly attributable to increases of ¥1,661.486 million in cash and deposits, ¥327.036 million in deposits and ¥13,480.601 million in real estate held for sale accompanying business expansion. This was mainly attributable to a ¥10,413.940 million increase in deposits received for silent partnership investments and a ¥4,022.986 million increase in short-term borrowings accompanying expansion of the CREAL business.」
Real estate held for sale, deposits received for silent partnership investments and short-term borrowings increased further as the business expanded, with the expansion in business scale also reflected in the financial balances. - FY2024-Q3First statedAnnual report
「This was mainly attributable to increases of ¥479.878 million in deposits, ¥8,646.538 million in real estate held for sale and ¥369.194 million in real estate under development for sale, and a ¥869.578 million decrease in property, plant and equipment due to transfers to real estate held for sale and other factors. This was mainly attributable to an ¥8,334.780 million increase in deposits received for silent partnership investments due to business expansion, a ¥565.286 million increase in short-term borrowings and an ¥859.440 million decrease in long-term borrowings.」
Total assets at December 2023 increased by ¥8,741.45 million from the end of the previous consolidated fiscal year, mainly due to an increase in real estate held for sale. Liabilities increased by ¥8,261.05 million, primarily due to an increase in deposits received for silent partnership investments associated with business expansion.