Entry into the Rent Guarantee Business Through M&A
First written in FY2018-Q3. 1 of 4 entries say "Achieved", first in FY2018. Latest entry: FY2020.
22 other companies' latest entry also says "Advanced".
- FY2020AdvancedAnnual report
「To achieve stricter segregation of assets in the rental property management business and strengthen our organizational capabilities and competitiveness, we decided to transfer the rental property management business to リーガル賃貸保証株式会社. Through this company split, we also aim to improve profitability and growth by making effective use of the two companies’ human resources and tangible and intangible assets in the rental property management and rent guarantee businesses.」
Following the acquisition, the rental property management business was transferred by absorption-type company split to the rent guarantee company effective 1 May 2020, marking a shift toward strengthening organizational capabilities, competitiveness, profitability and growth in both areas. - FY2019RestatedAnnual report
「We made リーガル賃貸保証 a subsidiary to create further synergies by leveraging the respective strengths of our rental property management business and リーガル賃貸保証’s rent guarantee business.」
The acquisition objective of creating synergies between the rent guarantee and rental property management businesses was reaffirmed after consolidation. - FY2018AchievedAnnual report
「The procedures for acquiring the shares were completed on 1 November 2018.」
The acquisition of shares in リーガル賃貸保証株式会社 was completed on 1 November 2018, making it a subsidiary with 100% of voting rights acquired for ¥150.000 million. - FY2018-Q3First statedAnnual report
「Going forward, by working with リーガル賃貸保証株式会社, we will pursue synergies from entering the rent guarantee business, an adjacent area to our existing rental property management operations.」
The company signed an agreement to acquire all shares of リーガル賃貸保証株式会社, planning to enter the rent guarantee business and create synergies with its existing rental property management operations, with 100% of voting rights acquired for ¥150 million.