Risk of related-party transactions with 三好不動産
First written in FY2023. 1 of 3 entries say "Worsened", first in FY2024. Latest entry: FY2025.
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- FY2025MitigatedAnnual report
「In the current fiscal year, the initial guarantee fees, renewal guarantee fees and monthly guarantee fees received from guarantee agreement customers through 三好不動産 Co., Ltd. will represent 6.76% of revenue from the guarantee business. Payments of administrative fees are referral fees for entering into guarantee agreements with customers of 三好不動産 Co., Ltd., and will represent 5.58% of total administrative fees.」
The ratio of revenue from guarantee fees and other charges through 三好不動産 decreased from 7.90% in the previous fiscal year to 6.76%, while the administrative fee ratio decreased from 6.50% to 5.58%. - FY2024WorsenedAnnual report
「In the current fiscal year, the initial guarantee fees, renewal guarantee fees and monthly guarantee fees received from guarantee agreement customers through 三好不動産 Co., Ltd. will represent 7.90% of revenue from the guarantee business. Payments of administrative fees are referral fees for entering into guarantee agreements with customers of 三好不動産 Co., Ltd., and will represent 6.50% of total administrative fees.」
The ratio of revenue from guarantee fees and other charges through 三好不動産 increased from 7.70% to 7.90%, while the administrative fee ratio increased from 6.03% to 6.50%. - FY2023First statedAnnual report
「If, in connection with such transactions, we were unable to review the transaction, entered into a transaction that should not have been conducted, or conducted a transaction on unfair terms, this could affect our financial condition and operating results.」
Guarantee fees and other revenue generated through 三好不動産 account for 7.70% of guarantee business revenue, while administrative fees account for 6.03% of total revenue. Board approval and quarterly assessments of appropriateness are conducted.