Expansion of the Branch Network in Southern Ibaraki and the Tsukuba Area by Making KASUMIC a Subsidiary
First written in FY2019-Q1. 3 of 5 entries say "Cited as achieved", first in FY2019-Q3. Latest entry: FY2020.
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- FY2020Cited as achievedAnnual report
「Through synergies with KASUMIC Co., Ltd., which has been integrated into the group, the company has been able to gather property information, increase the number of brokerage transactions, improve occupancy rates for managed properties and further expand the number of managed units.」
For the completed acquisition of KASUMIC as a subsidiary, the company cites full-year synergies in property information gathering, brokerage, occupancy rates and expansion of the number of managed units. - FY2019Cited as achievedAnnual report
「By acquiring the shares of KASUMIC Co., Ltd. on 1 March 2019 and making it a consolidated subsidiary, the company expanded its store network into the previously uncovered areas of Tsuchiura and Ushiku in Ibaraki Prefecture and Kashiwa in Chiba Prefecture, and established a 4-store network in Tsukuba, Ibaraki Prefecture. This enabled it to further strengthen its service network in areas with growing populations.」
For the completed acquisition of KASUMIC as a subsidiary, the company cites full-year results including expansion of the store network, the addition of approximately 3,000 managed units, and synergies in property information gathering, brokerage and occupancy-rate improvement. - FY2019-Q3Cited as achievedAnnual report
「In addition, the acquisition of KASUMIC as a subsidiary increased real estate brokerage sales through synergies.」
For the completed acquisition of KASUMIC as a subsidiary, the company cites realized synergies in the form of increased brokerage revenue. - FY2019-Q2AchievedAnnual report
「During the second quarter of the current consolidated fiscal year, the company entered into a share transfer agreement to acquire all shares of KASUMIC and made it a wholly owned subsidiary effective 1 March 2019.」
On 1 March 2019, the company acquired 100% of KASUMIC's voting rights and completed its acquisition as a wholly owned subsidiary. The acquisition price was ¥310,000 thousand, and KASUMIC was included in the scope of consolidation from the second quarter consolidated accounting period. - FY2019-Q1First statedAnnual report
「At a meeting of the Board of Directors held on 15 January 2019, the company resolved to acquire the shares of KASUMIC Co., Ltd. and make it a subsidiary. It entered into a share transfer agreement on 17 January 2019 and plans to acquire the subject shares on 1 March 2019.」
KASUMIC operates 4 stores in Tsukuba, Tsuchiura and Ushiku in Ibaraki Prefecture, and Kashiwa in Chiba Prefecture. The company acquired 100% of the voting rights for consideration of ¥310,000 thousand. The objectives are to expand the number of rental properties under management, strengthen store expansion in the Tsukuba area, open a store in Tsuchiura, and generate synergies across property sales, leasing, brokerage and management.