Strengthening Financial Management of Inventory, Invested Capital and Funding
First written in FY2017. 20 of 29 entries say "Advanced", first in FY2018. Latest entry: 2026-08-21.
The whole theme swung hardest in 2024: 3 of 13 companies on the "Worse" side.
3 other companies' latest entry also says "Advanced".
- FY2026-H1AdvancedAnnual report
「At a meeting of the Board of Directors held on 24 December 2025, the company resolved to securitize real estate, including individual homes acquired through the House Leaseback service, and transfer the relevant trust beneficiary interests to HLB22 GK, a fund. On 25 December 2025, pursuant to the relevant agreements, including the trust beneficiary interest sale and purchase agreement and trust administration outsourcing agreement, the company transferred the trust beneficiary interests to HLB22, with Rakuten Bank,Ltd. (head office: Chiyoda-ku, Tokyo; Representative Director and President: Tobayashi Tomotaka (東林 知隆)) acting as senior lender.」
Following HLB21, the securitization transaction for HLB22 was completed on 25 December 2025. The transaction covered 110 properties, with a transfer price of ¥1,984 million, a gain on transfer of ¥299 million and silent partnership investment of ¥98 million, and is intended to make efficient use of owned assets and improve financial soundness. - FY2025AdvancedAnnual report
「At a meeting of the Board of Directors held on 24 June 2025, the company resolved to securitize real estate, including individual homes acquired through the House Leaseback service, and transfer the relevant trust beneficiary interests to HLB21 GK, a fund. On 27 June 2025, pursuant to the relevant agreements, including the trust beneficiary interest sale and purchase agreement and trust administration outsourcing agreement, the company transferred the trust beneficiary interests to HLB21, with Rakuten Bank,Ltd. (head office: Chiyoda-ku, Tokyo; Representative Director and President: Tobayashi Tomotaka (東林 知隆)) acting as senior lender.」
Following HLB20, the securitization transaction for HLB21 was completed on 27 June 2025. The transaction covered 265 properties, with a transfer price of ¥4,191 million, a gain on transfer of ¥615 million and silent partnership investment of ¥209 million, and is intended to diversify funding sources, make efficient use of owned assets and improve financial soundness. - FY2025-H1AdvancedAnnual report
「At a meeting of the Board of Directors held on 20 December 2024, the company resolved to securitize real estate, including individual homes acquired through the House Leaseback service, and transfer the relevant trust beneficiary interests to HLB20 GK, a fund. On 25 December 2024, pursuant to the relevant agreements, including the trust beneficiary interest sale and purchase agreement and trust administration outsourcing agreement, the company transferred the trust beneficiary interests to HLB20, with Rakuten Bank,Ltd. acting as senior lender.」
The securitization transaction for HLB20 was completed on 25 December 2024. The transaction covered 261 properties, with a transfer price of ¥4,040 million, a gain on transfer of ¥685 million and silent partnership investment of ¥198 million, and is intended to diversify funding sources, make efficient use of owned assets and improve financial soundness. - FY2024-Q3RestatedAnnual report
「During the third quarter of the current consolidated cumulative period, there were no material changes in the business and financial issues that the Group should address as a priority, nor were there any newly arising business or financial issues requiring priority attention.」
The company states that there have been no material changes in its priority issues, including inventory control, early recovery of invested capital and strict financial management. - FY2024-Q2AdvancedAnnual report
「“The company transferred the relevant trust beneficiary interests to HLB16.” “The company transferred the relevant trust beneficiary interests to HLB17.”」
The securitization transactions were completed for HLB16, covering 126 properties with a transfer price of ¥2,311 million and a gain on transfer of ¥467 million, and for HLB17, covering 124 properties with a transfer price of ¥2,124 million and a gain on transfer of ¥398 million. - FY2024-Q1AdvancedAnnual report
「At a meeting of the Board of Directors held on 21 September 2023, the company resolved to securitize real estate, including individual homes acquired through the House Leaseback service, and transfer the relevant trust beneficiary interests to HLB15 GK, a fund. On 26 September 2023, pursuant to the relevant agreements, including the trust beneficiary interest sale and purchase agreement and trust administration outsourcing agreement, the company transferred the trust beneficiary interests to HLB15, with Rakuten Trust Co., Ltd. (head office: Minato-ku, Tokyo; Representative Director and President: Shibagaki Hiroyuki (柴垣 宏行), hereinafter “Rakuten Trust”) acting as senior lender.」
Following HLB14, the securitization transaction and transfer of trust beneficiary interests to HLB15 were completed on 26 September 2023. The transaction covered 226 properties, with a transfer price of ¥4,016 million, a book value of ¥3,252 million, a gain on transfer of ¥763 million and silent partnership investment of ¥200 million, and is intended to diversify funding sources, make efficient use of owned assets and improve financial soundness. - FY2023AdvancedAnnual report
「At a meeting of the Board of Directors held on 27 June 2023, the company resolved to securitize real estate, including individual homes acquired through the House Leaseback service, and transfer the relevant trust beneficiary interests to HLB14 GK, a fund. On 29 June 2023, pursuant to the relevant agreements, including the trust beneficiary interest sale and purchase agreement and trust administration outsourcing agreement, the company transferred the trust beneficiary interests to HLB14, with Rakuten Trust Co., Ltd. (head office: Minato-ku, Tokyo; Representative Director and President: Shibagaki Hiroyuki (柴垣 宏行), hereinafter “Rakuten Trust”) acting as senior lender.」
Following HLB13, the securitization transaction for HLB14 was completed. The transaction covered 286 properties, with a transfer price of ¥4,882 million, a gain on transfer of ¥980 million and silent partnership investment of ¥243 million, and is intended to make efficient use of owned assets, diversify funding sources and improve financial soundness. - FY2023-Q3AdvancedAnnual report
「At a meeting of the Board of Directors held on 27 March 2023, the company resolved to securitize real estate, including individual homes acquired through the House Leaseback service, and transfer the relevant trust beneficiary interests to HLB13 GK, a fund. On 29 March 2023, pursuant to the relevant agreements, including the trust beneficiary interest sale and purchase agreement and trust administration outsourcing agreement, the company transferred the trust beneficiary interests to HLB13, with Rakuten Trust Co., Ltd. (head office: Minato-ku, Tokyo; Representative Director and President: Shibagaki Hiroyuki (柴垣 宏行)) acting as senior lender.」
Following HLB12, the securitization transaction for HLB13 was completed on 29 March 2023. The transaction covered 178 properties, with a transfer price of ¥2,994 million, a gain on transfer of ¥654 million and silent partnership investment of ¥149 million, and is intended to diversify funding sources, make efficient use of owned assets and improve financial soundness. - FY2023-Q2AdvancedAnnual report
「At a meeting of the Board of Directors held on 19 December 2022, the company resolved to securitize real estate, including individual homes acquired through the House Leaseback service, and transfer the relevant trust beneficiary interests to HLB12 GK, a fund. On 23 December 2022, pursuant to the relevant agreements, including the trust beneficiary interest sale and purchase agreement and trust administration outsourcing agreement, the company transferred the trust beneficiary interests to HLB12, with Rakuten Trust Co., Ltd. (head office: Minato-ku, Tokyo; Representative Director and President: Shibagaki Hiroyuki (柴垣 宏行)) acting as senior lender.」
Following HLB11, the securitization transaction for HLB12 was completed on 23 December 2022. The transaction covered 272 properties, with a transfer price of ¥4,375 million, a gain on transfer of ¥908 million and silent partnership investment of ¥218 million, and is intended to diversify funding sources, make efficient use of owned assets and improve financial soundness. - FY2023-Q1AdvancedAnnual report
「At a meeting of the Board of Directors held on 21 September 2022, the company resolved to securitize real estate, including individual homes acquired through the House Leaseback service, and transfer the relevant trust beneficiary interests to HLB11 GK, a fund. On 28 September 2022, pursuant to the relevant agreements, including the trust beneficiary interest sale and purchase agreement and trust administration outsourcing agreement, the company transferred the trust beneficiary interests to HLB11, with Kiraboshi Bank, Ltd. (head office: Minato-ku, Tokyo; President: Watanabe Toshinobu (渡邊 壽信)) acting as senior lender.」
Following HLB9, the securitization transaction for HLB11 was completed on 28 September 2022. The transaction covered 175 properties, with a transfer price of ¥2,825 million and silent partnership investment of ¥141 million, and is intended to diversify funding sources, make efficient use of owned assets and improve financial soundness. - FY2022-Q3RestatedAnnual report
「During the third quarter of the current consolidated cumulative period, there were no material changes in the business and financial issues that the Group should address as a priority, nor were there any newly arising business or financial issues requiring priority attention.」
The company continues to explain that there have been no material changes in its priority issues, including inventory control, early recovery of invested capital and financial management. - FY2022-Q2AdvancedAnnual report
「Based on the various agreements, including the trust beneficiary interest sale and purchase agreement and trust administration outsourcing agreement entered into on 20 December 2021, the transfer of trust beneficiary interests in real estate, including individual homes acquired by the company through its House Leaseback service, to HLB9 GK, a fund, has been completed, with Rakuten Trust Co., Ltd. (head office: Minato-ku, Tokyo; Representative Director and President: Shibagaki Hiroyuki (柴垣 宏行), hereinafter “Rakuten Trust”) acting as senior lender.」
Following HLB8, the securitization transaction for HLB9 was completed. The transaction covered 259 properties, with a transfer price of ¥4,183 million and silent partnership investment of ¥204 million, and is intended to diversify funding sources, make efficient use of owned assets and improve financial soundness. - FY2022-Q1RestatedAnnual report
「During the first quarter of the current consolidated cumulative period, there were no material changes in the business and financial issues that the Group should address as a priority, nor were there any newly arising business or financial issues requiring priority attention.」
The company continues to explain that there have been no material changes in its priority issues, including inventory control, early recovery of invested capital and strict financial management. - FY2021AdvancedAnnual report
「As disclosed in the notice dated 21 May 2021 concerning the securitization of House Leaseback assets, the transfer of trust beneficiary interests in real estate, including individual homes acquired by the company through its House Leaseback service, to HLB8 GK, a fund, has been completed, with Rakuten Trust Co., Ltd. (head office: Minato-ku, Tokyo; Representative Director and President: Shibagaki Hiroyuki (柴垣 宏行), hereinafter “Rakuten Trust”) acting as senior lender.」
Following HLB7, the transfer of trust beneficiary interests to HLB8 GK was completed. The transaction covered 269 properties, with a transfer price of ¥4,283 million and silent partnership investment of ¥210 million, and is intended to diversify funding sources, make efficient use of owned assets and improve financial soundness. - FY2021-Q2AdvancedAnnual report
「The transfer of trust beneficiary interests in real estate, including individual homes acquired by the company through its House Leaseback service, to HLB7 GK, a fund, has been completed, with Rakuten Trust Co., Ltd. (head office: Minato-ku, Tokyo; Representative Director and President: Shibagaki Hiroyuki (柴垣 宏行), hereinafter “Rakuten Trust”) acting as senior lender.」
Following the securitization transactions from HLB2 through HLB6, the transfer of trust beneficiary interests to HLB7 was completed. The transaction covered 215 properties, with a transfer price of ¥3,453 million and silent partnership investment of ¥172 million, and is intended to diversify funding sources, make efficient use of owned assets and improve financial soundness. - FY2021-Q1RestatedAnnual report
「During the first quarter of the current consolidated cumulative period, there were no material changes in the business and financial issues that the Group should address as a priority.」
The company continues to explain that there have been no material changes in its priority issues, including inventory control, early recovery of invested capital and strict financial management. - FY2020AdvancedAnnual report
「At a meeting of the Board of Directors held on 15 June 2020, the company resolved, with Rakuten Trust Co., Ltd. acting as senior lender, to securitize real estate, including individual homes acquired through the House Leaseback service, which allows customers to sell their homes while continuing to live in them, and transfer the relevant trust beneficiary interests to HLB6 GK, a fund. The transfer was completed on 24 June 2020.」
Following HLB4 and HLB5, the securitization transaction for HLB6 was completed. The transaction covered 214 properties, with a transfer price of ¥3,919 million, and the company is continuing to promote the efficient use of owned assets and improve financial soundness. - FY2020-Q3AdvancedAnnual report
「At a meeting of the Board of Directors held on 16 March 2020, the company resolved to securitize real estate, including individual homes acquired through the House Leaseback service, which allows customers to sell their homes while continuing to live in them, and transfer the relevant trust beneficiary interests to HLB5 GK, a fund. The transfer was completed on 24 March 2020.」
Following HLB2, HLB3 and HLB4, the securitization transaction and transfer of trust beneficiary interests to HLB5 were completed on 24 March 2020. The transaction covered 154 properties, with a transfer price of ¥2,754 million. - FY2020-Q2AdvancedAnnual report
「At a meeting of the Board of Directors held on 9 December 2019, the company resolved, with ORIX Bank Corporation acting as arranger, to securitize real estate, including individual homes acquired through the House Leaseback service, which allows customers to sell their homes while continuing to live in them, and transfer the relevant trust beneficiary interests to HLB4 GK, a fund. The transfer was completed on 19 December 2019.」
Following HLB2 and HLB3, the securitization transaction for HLB4 was completed on 19 December 2019. The transaction covered 195 properties, with a transfer price of ¥2,936 million, and was intended to expand earnings, make efficient use of owned assets and improve financial soundness. - FY2020-Q1RestatedAnnual report
「There were no material changes during the cumulative first quarter of the current fiscal year in the issues that the Group must address.」
The company states that there have been no material changes in the issues requiring attention, including inventory control, early recovery of invested capital and strict financial management. - FY2019AdvancedAnnual report
「At a meeting of the Board of Directors held on 21 June 2019, the company resolved, with ORIX Bank Corporation acting as arranger, to securitize real estate, including individual homes acquired through the House Leaseback service, which allows customers to sell their homes while continuing to live in them, and transfer the relevant trust beneficiary interests to HLB3 GK, a fund. The transfer was completed on 26 June 2019.」
Following HLB2, the securitization transaction for HLB3 was completed on 26 June 2019. The company transferred trust beneficiary interests covering 272 properties for a transfer price of ¥3,952 million, continuing its efforts to make efficient use of owned assets and improve financial soundness. - FY2019-Q3AdvancedAnnual report
「At a meeting of the Board of Directors held on 28 February 2019, the company resolved, with ORIX Bank Corporation acting as arranger, to securitize real estate, including individual homes acquired through the House Leaseback service, which allows customers to sell their homes while continuing to live in them, and transfer the relevant trust beneficiary interests to HLB2 GK, a fund. The transfer was completed on 1 March 2019.」
The transfer of the trust beneficiary interests to HLB2 GK was completed on 1 March 2019. The transaction covered 181 properties, with a transfer price of ¥2,687 million and a book value of ¥2,032 million, and was intended to promote the efficient use of owned assets and improve financial soundness. - FY2019-Q2RestatedAnnual report
「There have been no material changes in the issues to be addressed by the Group during the six-month period ended September 30.」
The company states that there have been no material changes in the issues requiring attention, including inventory control, early recovery of invested capital and strict financial management. - FY2018AdvancedAnnual report
「We have worked to improve the challenges posed by a financial structure that is susceptible to interest-rate conditions and trends through refinancing by taking House Leaseback assets off balance sheet using a scheme under the Act on Specified Joint Real Estate Ventures, and by strengthening equity through the issuance of new shares.」
The company has implemented refinancing through taking HLB assets off balance sheet and strengthening equity through the issuance of new shares as specific financial management measures, and is working to diversify stable funding and expand invested capital in growth businesses. - FY2018-Q3RestatedAnnual report
「There have been no material changes in the issues to be addressed by the Group during the nine-month period ended December 31.」
The company states that there have been no material changes in the issues requiring attention, including inventory control, early recovery of invested capital and strict financial management. - FY2018-Q2RestatedAnnual report
「There have been no material changes in the issues to be addressed by the Group during the six-month period ended September 30.」
The company states that there have been no material changes in the issues requiring attention, including inventory control, early recovery of invested capital and financial management. - FY2017First statedAnnual report
「Going forward, we will remain mindful of the balance between purchases and sales and between construction starts and handovers, further strengthen inventory control through rigorous management, and work to recover invested capital early and secure stable profitability through strict financial management.」
In response to its highly interest-bearing-debt-dependent financial structure, the company has identified as separate initiatives measures to improve inventory management, accelerate the recovery of invested capital, provide regular business performance briefings to financial institutions, strengthen business relationships and reduce borrowing costs.