Agreements reached under this partnership
Capital and Business Alliance- 1
In the pre-owned condominium business targeting owner-occupied units in the higher price range and the whole-building renovation business acquired by SMH, the companies will consider collaboration, including joint investment, by introducing property planning capabilities, environmentally friendly technologies, and expertise in condominium management developed through our “Brillia” brand. The aim is to enhance product value and improve profitability. The companies will also consider collaboration in the condominium rebuilding and urban redevelopment businesses promoted by 東京建物, making use of SMH’s more than 4,000 units of sectional ownership assets in its extensive portfolio of condominium properties, as well as the business foundation and expertise built on them.
- 2
The companies will mutually leverage their customer bases and information networks to maximize business opportunities in the acquisition and resale of pre-owned condominiums, leasebacks, and brokerage services related to property sales.
- 3
The companies aim to strengthen their business foundations and improve cost competitiveness through personnel exchanges, the sharing of technical expertise such as quality control, and joint procurement of housing equipment and other items.
These are items that the documents state the two companies will work on. The lines above and below represent arrangements between the two companies.
This indicates whether the companies will do more than work together, such as holding each other’s shares or seconding personnel (capital and business alliance).
The impact of this transaction on consolidated results for the fiscal year ending December 2026 will be minor, and there is no change to the earnings forecast announced on 12 February 2026.
| Item | Details |
|---|---|
| Name of alliance partner | Star Mica Holdings Co.,Ltd. |
| Alliance partner's business activities | Overall group management strategy and management, including the renovated condominium, investment, and advisory businesses |
| Alliance partner's location | Minato-ku, Tokyo |
| Alliance partner's capital | ¥831,924,671 |
| Alliance partner's net sales | ¥69,158 million (fiscal year ended November 2025) |
| Alliance partner's operating income | ¥7,314 million (fiscal year ended November 2025) |
| Type of alliance | Capital and Business Alliance |
| Details of the alliance | In the pre-owned condominium business targeting owner-occupied units in the higher price range and the whole-building renovation business acquired by SMH, the companies will consider collaboration, including joint investment, by introducing property planning capabilities, environmentally friendly technologies, and expertise in condominium management developed through our “Brillia” brand. The aim is to enhance product value and improve profitability. The companies will also consider collaboration in the condominium rebuilding and urban redevelopment businesses promoted by 東京建物, making use of SMH’s more than 4,000 units of sectional ownership assets in its extensive portfolio of condominium properties, as well as the business foundation and expertise built on them., The companies will mutually leverage their customer bases and information networks to maximize business opportunities in the acquisition and resale of pre-owned condominiums, leasebacks, and brokerage services related to property sales., The companies aim to strengthen their business foundations and improve cost competitiveness through personnel exchanges, the sharing of technical expertise such as quality control, and joint procurement of housing equipment and other items. |
| Number of shares acquired | 5,213,300 shares (15.00% of total shares issued) |
| Shareholding ratio | 0% → 15.00% |
| Shareholding Policy | The shares will be held over the long term. |
| Date of board resolution | 13 May 2026 |
| Contract Date | 13 May 2026 |
| Share Acquisition Date and Payment Date | 1 June 2026 |
| Impact on Business Performance | The impact of this transaction on consolidated results for the fiscal year ending December 2026 will be minor, and there is no change to the earnings forecast announced on 12 February 2026. |
Items this document does not state (8)
These are items the company does not state in this document. We do not leave them blank, nor fill them in from other sources or by inference.
The reasons the company gives
The company's own explanation, not something inferred from the numbers.The companies determined that making mutual use of their management resources and expertise and further strengthening their collaboration would be optimal for enhancing corporate value.