Developing the Thai and Southeast Asian Real Estate Business Through the Integration of the DL Group
First written in FY2022-Q1. 1 of 2 entries say "Achieved", first in FY2022-Q2. Latest entry: FY2022-Q2.
The whole theme swung hardest in 2024: 1 of 6 companies on the "Worse" side.
1 other company's latest entry also says "Achieved".
- FY2022-Q2AchievedAnnual report
「The simplified share exchange procedures were completed on 1 May 2022, making DLH社 a wholly owned subsidiary.」
The integration of the DL Group was completed as of 1 May 2022, with DL Holdings becoming a wholly owned subsidiary and GA technologies (Thailand) and RENOSY (Thailand) being included in the scope of consolidation. - FY2022-Q1First statedAnnual report
「Meanwhile, the DL Group operates the Dear Life rental brokerage business in Thailand for foreign nationals, primarily serving expatriates of major Japanese companies. … It has the largest share of the Japanese-focused rental brokerage market in Thailand, with more than 12,000 cumulative users of its rental brokerage services and more than 1,800 rental brokerage transactions annually※3. … Through the integration, the Company’s RENOSY Marketplace business is expected to cross-sell to Japanese expatriates who have used rental brokerage services in Thailand. The ITANDI business is also expected to benefit from expansion of the SaaS and services markets and increased opportunities to sell products as average incomes and rents in Thailand trend upward※4. … By entering the market and deploying services at an early stage, we will secure competitiveness and establish a firm presence across Southeast Asia starting from Thailand.」
The company plans to carry out a share exchange and business transfer involving the DL Group in Thailand, with 1 May 2022 as the planned business combination date. It aims to expand RENOSY and ITANDI in Thailand and Southeast Asia, pursue cross-selling and SaaS sales, and leverage the DL Group’s customer and owner relationships.