Capital and Business Alliance with プレサンス and Conversion into an Equity-Method Affiliate
First written in FY2020-Q2. 11 of 16 entries say "Advanced", first in FY2020-Q3. Latest entry: FY2025-H1.
7 other companies' latest entry also says "Achieved".
- FY2025-H1AchievedAnnual report
「Following the subsequent effectiveness of the demand for the sale of shares, it became our wholly owned subsidiary on 1 April of the same year.」
Through the additional acquisition and demand for the sale of shares, the process of making プレサンス a wholly owned subsidiary was completed on 1 April 2025. - FY2024-Q2Revenue Decline, Profit GrowthAnnual report
「For プレサンスコーポレーション, we focused on selling well-located investment and family condominiums in the main sales areas of the Kinki and Tokai/Chukyo regions. As a result, revenue was ¥82,927 million, down 3.0% year on year, and operating profit was ¥15,719 million, up 2.0%.」
プレサンス focused on selling investment and family condominiums in its main sales areas, with revenue declining while operating profit increased. - FY2023AdvancedAnnual report
「As a result, revenue was ¥161,265 million, up 11.0% from the previous consolidated fiscal year, and operating profit was ¥25,791 million, up 24.4%.」
In the main sales areas following the consolidation of プレサンス, sales of investment and family condominiums generated higher revenue and profit. - FY2023-Q3AdvancedAnnual report
「For プレサンスコーポレーション, we focused on selling well-located investment and family condominiums in the main sales areas of the Kinki and Tokai/Chukyo regions. As a result, revenue was ¥121,082 million, up 15.2% year on year, and operating profit was ¥20,621 million, up 39.7%.」
プレサンス focused on selling investment and family condominiums in the Kinki and Tokai/Chukyo regions, with revenue up 15.2% and operating profit up 39.7%. - FY2023-Q2AdvancedAnnual report
「For プレサンスコーポレーション, we focused on selling well-located investment and family condominiums in the main sales areas of the Kinki and Tokai/Chukyo regions. As a result, revenue was ¥85,486 million, up 19.0% year on year, and operating profit was ¥15,416 million, up 40.3%.」
After プレサンス became a consolidated subsidiary, it continued selling investment and family condominiums in the Kinki and Tokai/Chukyo regions, with revenue up 19.0% and operating profit up 40.3%. - FY2023-Q1AdvancedAnnual report
「For プレサンスコーポレーション, we focused on selling well-located investment and family condominiums in the main sales areas of the Kinki, Tokai/Chukyo and Tokyo metropolitan areas, as well as central districts of regional cities, including Okinawa. As a result, revenue was ¥39,199 million, up 5.9% year on year, and operating profit was ¥6,827 million, up 8.9%.」
プレサンス continued selling investment and family condominiums in its main sales areas, with both revenue and operating profit exceeding the previous-year period. - FY2022-Q3AdvancedAnnual report
「For プレサンスコーポレーション, we focused on selling well-located investment and family condominiums in the main sales areas of the Kinki, Tokai/Chukyo and Tokyo metropolitan areas, as well as central districts of regional cities, including Okinawa. As a result, revenue was ¥105,116 million (as this segment was newly added following the consolidation of プレサンス from the second quarter of the previous fiscal year, year-on-year comparisons are not provided), and operating profit was ¥14,766 million (same).」
As a consolidated subsidiary of プレサンス, we continued selling investment and family condominiums in the main sales areas, generating revenue of ¥105,116 million and operating profit of ¥14,766 million. - FY2022-Q2AdvancedAnnual report
「For プレサンスコーポレーション, we focused on selling well-located investment and family condominiums in the main sales areas of the Kinki, Tokai/Chukyo and Tokyo metropolitan areas, as well as central districts of regional cities, including Okinawa. As a result, revenue was ¥71,827 million and operating profit was ¥10,985 million.」
プレサンス continued selling in the Kinki, Tokai/Chukyo and Tokyo metropolitan areas and regional cities, including Okinawa, generating revenue of ¥71,827 million and operating profit of ¥10,985 million. - FY2022-Q1AdvancedAnnual report
「For プレサンスコーポレーション, we focused on selling well-located investment and family condominiums in the main sales areas of the Kinki, Tokai/Chukyo and Tokyo metropolitan areas, as well as central districts of regional cities, including Okinawa. As a result, revenue was ¥37,028 million (as this segment was newly established following the consolidation of プレサンス from the second quarter of the previous fiscal year, year-on-year comparisons are not provided), and operating profit was ¥6,272 million (same).」
After プレサンス became a consolidated subsidiary, we continued selling investment and family condominiums in the Kinki, Tokai/Chukyo and Tokyo metropolitan areas and regional cities, including Okinawa, generating revenue of ¥37,028 million and operating profit of ¥6,272 million. - FY2021AdvancedAnnual report
「To leverage the vast amount of land information held by our group in the Tokyo metropolitan area, together with プレサンス's expertise in the investment condominium business and strong sales capabilities, land acquisition and other activities are progressing on multiple projects toward developing an investment condominium business in the Tokyo metropolitan area as a joint venture between the two companies.」
The joint investment condominium business with プレサンス in the Tokyo metropolitan area progressed from the discussion stage to the stage where land acquisition and other activities are underway on multiple projects. - FY2021-Q3AdvancedAnnual report
「For プレサンスコーポレーション, we focused on selling well-located investment and family condominiums in the main sales areas of the Kinki, Tokai/Chukyo and Tokyo metropolitan areas, as well as central districts of regional cities, including Okinawa. As a result, revenue was ¥103,505 million and operating profit was ¥10,857 million.」
As a consolidated subsidiary, プレサンス sold investment and family condominiums in the Kinki, Tokai/Chukyo and Tokyo metropolitan areas and regional cities, including Okinawa, generating revenue of ¥103,505 million and operating profit of ¥10,857 million. - FY2021-Q2AdvancedAnnual report
「Pressance Corporation focused on selling well-located investment and family condominiums in the major sales areas of the Kinki region, the Tokai and Chukyo regions, the Tokyo metropolitan area, and central cities in regional areas including Okinawa. As a result, net sales were ¥49,491 million. Because this segment was newly added from the second quarter of the current consolidated fiscal year following Pressance’s inclusion as a consolidated subsidiary, year-on-year comparisons are not shown. Operating income was ¥2,160 million; the same applies here.」
After プレサンス became a consolidated subsidiary, it was consolidated as a new reporting segment, and its sales of investment and family condominiums were included in consolidated results. - FY2021-Q1AchievedAnnual report
「In addition, upon completion of the subscription for the private placement and the tender offer, the target company became a consolidated subsidiary of the company on 20 January 2021.」
The subscription for the third-party allotment and the tender offer for プレサンスコーポレーション were completed, and it became a consolidated subsidiary on 20 January 2021. The voting rights ratio after the acquisition was 64.45%. - FY2020RaisedAnnual report
「As of 13 November 2020, the Company owned 20,621,100 shares of the subject company listed on the First Section of the Tokyo Stock Exchange, representing an ownership interest of 31.82%, and treated the subject company as an equity-method associate. The Company concluded that making the subject company a consolidated subsidiary by combining the tender offer and the third-party allotment would be highly effective in strengthening the capital and business alliance between the two companies and enhancing their corporate value, by supplementing the subject company's credit and stabilising its funding.」
The Company presented a plan to expand its relationship with プレサンスコーポレーション from a 31.82% equity-method associate to a consolidated subsidiary through a tender offer and third-party allotment. The scope and degree of integration under the alliance have been increased. - FY2020-Q3AdvancedAnnual report
「The Company recorded investment income under the equity method from the third quarter of the current consolidated accounting period, following the designation of プレサンスコーポレーション as an equity-method associate.」
The Company reflected プレサンスコーポレーション as an equity-method associate in its consolidated accounts and recorded ¥16,322 million in investment income under the equity method. - FY2020-Q2AchievedAnnual report
「The Company agreed to acquire a total of 20,621,100 shares of プレサンスコーポレーション through an off-market negotiated transaction. Following the acquisition, the Company's ownership interest in プレサンスコーポレーション was 31.91%, and プレサンスコーポレーション became an equity-method associate of the Company.」
The Company entered into a capital and business alliance agreement and a share transfer agreement on 6 April 2020, and completed the acquisition on 8 May 2020. The acquisition price was ¥22,683 million, with regional complementarity, product complementarity, management of rental and for-sale properties, and cost reduction identified as areas of cooperation.