Entry into the Real Estate Development Business
First written in FY2016. 8 of 12 entries say "Advanced", first in FY2017-Q1. Latest entry: FY2023-Q2.
16 other companies' latest entry also says "Advanced".
- FY2023-Q2AdvancedAnnual report
「Our consolidated subsidiary, Veritas Investment Co., Ltd., resolved at an extraordinary Board of Directors meeting held on 8 December 2022 to acquire income-producing real estate as described below. The acquisition price is expected to exceed an amount equivalent to 40% of consolidated net assets for the immediately preceding fiscal year, ended June 2022. Date of purchase and sale agreement: 8 December 2022 Delivery and settlement date: on or before 28 February 2023 (scheduled)」
Veritas entered into an agreement on 8 December 2022 to acquire land and buildings in Chuo-ku, Tokyo, with delivery and settlement scheduled by 28 February 2023. - FY2020AdvancedAnnual report
「Our consolidated subsidiary, Veritas Investment Co., Ltd., resolved at its regular Board of Directors meeting held on 14 May 2020 to acquire development land for real estate for sale as described below, and entered into a real estate purchase and sale agreement on the same date.」
Veritas entered into an acquisition agreement for development land for a multi-unit residential property in Shibuya-ku, Tokyo. The acquisition price is expected to exceed an amount equivalent to 30% of consolidated net assets for the fiscal year ended June 2019, with delivery scheduled for December 2020. - FY2020-Q3AdvancedAnnual report
「The consolidated subsidiary 株式会社ヴェリタス・インベストメント resolved at its extraordinary board meeting held on 30 March 2020 to acquire development land for property held for sale as described below, and entered into a real estate purchase and sale agreement on the same date.」
Veritas Investment resolved to acquire development land in Nakano-ku, Tokyo, and entered into an agreement on 30 March 2020. The acquisition price is expected to exceed an amount equivalent to 50% of consolidated net assets for the fiscal year ended June 2019, and the scheduled delivery date is 31 March 2021. - FY2018AdvancedAnnual report
「Among the consolidated subsidiaries listed above, 株式会社ヴェリタス・インベストメント, 株式会社Not Found, and 株式会社VISION were included as consolidated subsidiaries from the current consolidated fiscal year because they were newly acquired during the year. 株式会社ホープ少額短期保険 was included from the current consolidated fiscal year because its materiality increased. 株式会社ADAM was excluded from the scope of consolidation because it ceased to exist through an absorption-type merger in which the company was the surviving company.」
While ADAM was absorbed through a merger, Veritas and its affiliated companies were acquired and consolidated, resulting in a reorganisation within the group of the entities responsible for real estate development. - FY2018-Q3ReframedAnnual report
「From the third quarter of the current fiscal year, 株式会社ＡＤＡＭ, previously a consolidated subsidiary, was excluded from the scope of consolidation because it ceased to exist following an absorption-type merger in which our company was the surviving company.」
The company states that ADAM, which had been responsible for real estate development, ceased to exist as a legal entity through an absorption-type merger in which the company was the surviving company and was excluded from the scope of consolidation. The filing does not specify whether the development and end-to-end service functions continued or changed. - FY2018-Q2AdvancedAnnual report
「From the second quarter of the current fiscal year, 株式会社ヴェリタス・インベストメント and its 2 subsidiaries, which were newly acquired, have been included in the scope of consolidation.」
ヴェリタス, which is responsible for real estate development, and 2 subsidiaries became consolidated subsidiaries, expanding the consolidated business's functions from development and sales through property management and leasing. - FY2018-Q1AdvancedAnnual report
「The integration is expected to generate synergies with our existing businesses. Specifically, by combining our expertise and network in real estate leasing with Veritas's strengths in the expertise and network it has developed in investment property, we believe we will be able to provide an integrated service covering the entire process from real estate development and sales through property management and leasing.」
The acquisition of ヴェリタス, a company that develops and sells designer condominiums for investment, marked concrete progress in the company's entry into real estate development through acquisition and integration. - FY2017AdvancedAnnual report
「In addition, with the establishment of 株式会社ＡＤＡＭ, which engages in the development business, the group became capable of providing an integrated, end-to-end response to all services related to housing and the real estate business, from development, planning, sourcing, rental management, and sales brokerage to sales and rental brokerage.」
The company explained that the establishment of ADAM made it possible to handle real estate development, planning, acquisition, and sales together with its existing businesses. - FY2017-Q3RestatedAnnual report
「From the first quarter, the newly established ㈱ＡＤＡＭ has been included in the scope of consolidation.」
The company has reiterated its real estate development efforts, with ADAM included in consolidation from the first quarter. No new developments were disclosed. - FY2017-Q2RestatedAnnual report
「From the first quarter, the newly established ㈱ＡＤＡＭ has been included in the scope of consolidation.」
The company has reiterated its real estate development efforts, with ADAM included in consolidation from the first quarter. No new developments were disclosed. - FY2017-Q1AdvancedAnnual report
「From the first quarter of the current fiscal year, the newly established ㈱ＡＤＡＭ has been included in the scope of consolidation.」
The newly established company ADAM, responsible for real estate development, became a consolidated subsidiary, giving the company's real estate development efforts a concrete form as a consolidated business entity. - FY2016First statedAnnual report
「By establishing this subsidiary and leveraging the expertise accumulated through our property management, investment and rental brokerage businesses, including Roompia and VALOR, we will be able to develop real estate and provide an integrated range of services covering the development, sourcing, distribution, sale, rental brokerage, planning and operation of rental and sales properties.」
The company established the jointly funded company ADAM to extend the expertise of its 3 existing businesses into real estate development.