Expanding the real estate business platform through the acquisition of shares in and a business alliance with NIPPON STEEL KOWA REAL ESTATE
First written in FY2022-Q2. 5 of 8 entries say "Advanced", first in FY2023. Latest entry: FY2026.
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- FY2026ReframedAnnual report
「In light of the change in the capital relationship, including this share transfer, we resolved to terminate the capital and business alliance agreement with 日鉄興和不動産㈱ dated 24 April 2025, subject to the effectiveness of this share transfer and other conditions, and to enter into a new business alliance agreement to continue the business alliance with the same terms while reflecting the capital alliance accompanying this share transfer.」
Plans were presented to terminate the existing capital and business alliance agreement with 日鉄興和不動産㈱ following the change in the capital relationship and continue the business alliance with the same terms under a new agreement. - FY2025AdvancedAnnual report
「Shareholding ratio after acquisition: 30.14%. Class A shares carry no voting rights, so the group's voting interest in 日鉄興和不動産㈱ as a result of this share acquisition remains unchanged at 22.24%.」
On 9 May 2025, we acquired Class A shares in 日鉄興和不動産㈱, raising the shareholding ratio from 15.29% to 30.14%. The voting interest remained 22.24%. - FY2024AdvancedAnnual report
「In the real estate business, the Company continued to temporarily hold real estate, through its subsidiary エムエル・エステート㈱, for REITs and other customers for periods tailored to their needs. It also further deepened its collaboration with 日鉄興和不動産㈱, an equity-method affiliate, strengthened its CRE proposal capabilities, expanded its product lineup, and pursued new business opportunities.」
The deepening relationship with 日鉄興和不動産㈱ was developed into stronger CRE proposal capabilities and an expanded product lineup. - FY2023AdvancedAnnual report
「The Company also further deepened its collaboration with 日鉄興和不動産㈱, now an equity-method affiliate, strengthened its CRE proposal capabilities, expanded its product lineup, and pursued new business opportunities.」
The capital and business alliance with 日鉄興和不動産㈱ progressed into business cooperation to strengthen CRE proposal capabilities and the product lineup. - FY2022-Q2First statedAnnual report
「At a Board of Directors meeting held on 6 August 2021, we resolved, through our wholly owned subsidiary エムエル・エステート㈱, to enter into a share transfer agreement with the existing shareholders of 日鉄興和不動産㈱ to acquire its common shares, and at the same time to enter into a business alliance agreement with 日鉄興和不動産㈱. In addition, following the acquisition of additional common shares from 日鉄興和不動産㈱'s existing shareholders through エムエル・エステート㈱ on 21 September 2021, our group as a whole holds 22.24% of the common shares of 日鉄興和不動産㈱, making it an equity-method affiliate.」
A share acquisition agreement and business alliance agreement were approved in August 2021, and the additional acquisition on 21 September made 日鉄興和不動産㈱ an equity-method affiliate in which we held 22.24%.