Expansion of the real estate earnings base through the acquisition of FRE Asset Management Co., Ltd. as a wholly owned subsidiary
First written in FY2019. 19 of 30 entries say "Advanced", first in FY2020-Q3. Latest entry: FY2026.
No other company in this theme has enough history to compare yet.
- FY2026ReframedAnnual report
「Share transfer involving a change in consolidated subsidiary Company transferred: FREアセットマネジメント株式会社 Transferee: ヨウテイホールディングス合同会社 Number of shares transferred: 7,788 shares (shares held after transfer: 0) Total transfer price: ¥385,600,000 Share transfer execution date: 15 June 2026」
All shares of FREアセットマネジメント株式会社, whose earnings base in the real estate management business had expanded following its conversion into a wholly owned subsidiary, were transferred to ヨウテイホールディングス合同会社, and the company was excluded from the scope of consolidation as of 15 June 2026. - FY2026-H1AdvancedAnnual report
「The group is newly entering into real estate management contracts in its core real estate management business. The annual contract amount is ¥8 million for Ｅｐｉｒｕｓ合同会社 and ¥20 million for Ｖｅｒｅｓｅ合同会社. The two contracts are expected to increase consolidated ordinary profit for the current fiscal year by approximately ¥11 million.」
In addition to ＦＲＥアセットマネジメント株式会社 entering into an asset advisory agreement with 綾合同会社 on 30 May 2025, it resolved to enter into and subsequently executed new agreements with Ｅｐｉｒｕｓ合同会社 and Ｖｅｒｅｓｅ合同会社. The two contracts have a combined annual value of ¥28 million and are expected to increase consolidated ordinary profit for the current fiscal year by approximately ¥11 million. - FY2025AdvancedAnnual report
「In the real estate management business, revenue increased by ¥27 million from the previous year due to new management contracts and changes in properties under management. Segment profit increased by ¥22 million, mainly due to higher revenue.」
In the real estate management business conducted through ＦＲＥアセットマネジメント株式会社, revenue increased to ¥211 million from ¥183 million due to new management contracts and other factors, while segment profit also increased to ¥102 million from ¥79 million. - FY2025-H1AdvancedAnnual report
「In the real estate management business, revenue increased by ¥10 million from the previous interim consolidated accounting period, as the total number of properties under management increased despite changes in properties under management contracts.」
In the real estate management business conducted through ＦＲＥアセットマネジメント株式会社, the total number of properties under management increased, and revenue rose by ¥10 million year on year to ¥100 million. The company also entered into a new asset advisory agreement with 唐花合同会社 dated 23 August 2024. - FY2024AdvancedAnnual report
「In the real estate management business, revenue increased by ¥5 million from the previous year due to new management contracts and changes in properties under management. Segment profit increased by ¥13 million due to higher revenue and lower common departmental expenses.」
In the real estate management business conducted through ＦＲＥアセットマネジメント株式会社, revenue increased to ¥183 million from ¥178 million due to new management contracts and other factors, while segment profit improved to ¥79 million from ¥66 million. - FY2024-Q3Flat management business revenue and improved segment profitAnnual report
「In the real estate management business, revenue was approximately unchanged from the same quarter of the previous year despite changes in properties under management contracts. Segment profit increased by ¥8 million due to lower common departmental expenses.」
Revenue from the real estate management business was approximately unchanged from the same quarter of the previous year at ¥135 million, while segment profit increased by ¥8 million year on year to ¥62 million due to lower common departmental expenses. - FY2024-Q2Six-month decrease in property management revenueAnnual report
「In the real estate management business, revenue decreased by ¥1 million from the same quarter of the previous year due to a decline in properties under management contracts.」
Revenue from the real estate management business decreased by ¥1 million to ¥90 million from ¥91 million in the same quarter of the previous year, due to a decline in properties under management contracts. - FY2024-Q1First-quarter decline in management business revenueAnnual report
「Revenue from the real estate management business decreased by ¥2 million to ¥44 million, while total revenue decreased by ¥4 million to ¥83 million.」
Revenue from the real estate management business decreased to ¥44 million from ¥46 million in the same quarter of the previous year. The decline in properties under management contracts is separately cited as a factor. - FY2023Annual decline in management business revenueAnnual report
「Revenue from the real estate management business decreased by ¥14 million to ¥178 million, while total revenue decreased by ¥22 million to ¥339 million.」
Revenue from the real estate management business, which expanded following the conversion of ＦＲＥアセットマネジメント株式会社 into a subsidiary, decreased to ¥178 million from ¥193 million in the previous year. - FY2023-Q3AdvancedAnnual report
「ＦＲＥアセットマネジメント株式会社, a consolidated subsidiary, has entered into the asset advisory agreement described below.」
ＦＲＥアセットマネジメント株式会社 entered into an asset advisory agreement with 萩合同会社 dated 17 November 2022. The disclosure describes the execution of a new asset advisory agreement following the company's conversion into a subsidiary. - FY2023-Q2Six-month decrease in property management revenueAnnual report
「Real estate property management revenue decreased by ¥2 million to ¥91 million, and total revenue was ¥174 million.」
Revenue from the real estate management business through the consolidation of ＦＲＥアセットマネジメント株式会社 decreased to ¥91 million from ¥94 million in the same quarter of the previous year during the cumulative second-quarter period. - FY2023-Q1AdvancedAnnual report
「Real estate property management revenue increased by ¥1 million to ¥46 million, and total revenue was ¥88 million.」
Following the acquisition of ＦＲＥアセットマネジメント株式会社, real estate property management revenue increased from ¥44 million in the same quarter of the previous year to ¥46 million. The integration and expansion of property management revenue can be confirmed in the first-quarter results. - FY2022AdvancedAnnual report
「Real estate property management revenue increased by ¥7 million to ¥193 million due to an increase in the number of properties under management, and total revenue was ¥362 million.」
Following the acquisition of ＦＲＥアセットマネジメント株式会社 as a subsidiary, real estate property management revenue increased from ¥185 million to ¥193 million. The full-year results confirm the expansion of property management revenue against the backdrop of an increase in the number of properties under management. - FY2022-Q3AdvancedAnnual report
「Real estate property management revenue increased by ¥9 million to ¥144 million due to an increase in the number of properties under management.」
Against the backdrop of an increase in the number of properties under management, real estate property management revenue increased from ¥134 million in the same quarter of the previous year to ¥144 million. The expansion of property management revenue can be confirmed for the cumulative third quarter. - FY2022-Q2AdvancedAnnual report
「Because the Company sold rental real estate in the previous consolidated fiscal year, real estate leasing business revenue declined by ¥3 million year on year to ¥85 million, while real estate management business revenue increased by ¥2 million to ¥94 million, resulting in total revenue of ¥179 million.」
Real estate property management revenue increased from ¥92 million in the same quarter of the previous year to ¥94 million, with revenue from the property management business brought into the Group following the acquisition of ＦＲＥアセットマネジメント株式会社 continuing to be recorded on a cumulative six-month basis. - FY2022-Q1AdvancedAnnual report
「ＦＲＥアセットマネジメント株式会社, a consolidated subsidiary, has entered into the asset advisory agreement described below.」
ＦＲＥアセットマネジメント株式会社 entered into an asset advisory agreement with ＢＯＴＡＮ合同会社 on 29 June 2021. This represents specific progress in expanding the property management and advisory business following the acquisition of the subsidiary. - FY2021AdvancedAnnual report
「Real estate leasing revenue increased by ¥8 million to ¥174 million, real estate property management revenue increased by ¥57 million to ¥185 million, and total revenue was ¥360 million.」
Following the acquisition of ＦＲＥアセットマネジメント株式会社 as a subsidiary, full-year real estate property management revenue increased from ¥128 million in the previous year to ¥185 million. The full-year results confirm the expansion of property management revenue brought into the Group through the acquisition. - FY2021-Q3AdvancedAnnual report
「In the previous consolidated fiscal year, the addition of 1 consolidated subsidiary increased real estate leasing revenue by ¥10 million year on year to ¥132 million, and increased real estate property management revenue by ¥126 million to ¥134 million, resulting in total revenue of ¥266 million.」
Following the consolidation of ＦＲＥアセットマネジメント株式会社, real estate property management revenue increased from ¥8 million in the same quarter of the previous year to ¥134 million, indicating progress in bringing property management revenue into the Group through the acquisition of the subsidiary during the cumulative third quarter. - FY2021-Q2AdvancedAnnual report
「In the previous consolidated fiscal year, real estate leasing business revenue increased by ¥11 million as a result of acquiring 1 consolidated subsidiary. The Company also began recording revenue from its real estate management business, resulting in an increase of ¥92 million.」
Following the acquisition of ＦＲＥアセットマネジメント株式会社, the company recorded ¥92 million in real estate property management revenue for the cumulative second quarter. The integration of property management revenue through the acquisition of the subsidiary can be confirmed in the figures. - FY2021-Q1AdvancedAnnual report
「Under these circumstances, the Group is pursuing its business with real estate leasing and real estate property management as its main earnings pillars. In the previous consolidated fiscal year, the acquisition of 1 consolidated subsidiary increased real estate leasing revenue by ¥9 million and resulted in newly recorded real estate property management revenue, an increase of ¥45 million.」
Following the acquisition of ＦＲＥアセットマネジメント株式会社, the company recorded ¥45 million in real estate property management revenue in the first quarter. In addition, the company entered into asset advisory agreements with ＬＹＣＩＡ合同会社, ＩＳＨＩＫＡＲＩ合同会社（ＴＹＰＥ Ａ／Ｂ） and ＦＨＫ株式会社 on 1 April or 15 April 2020. The agreements have no fixed term and may be terminated with 30 days' notice. - FY2020AdvancedAnnual report
「Real estate property management revenue: ¥128 million (¥— million in the same period of the previous year)」
Following the acquisition of ＦＲＥアセットマネジメント株式会社 as a wholly owned subsidiary, the company recorded full-year real estate property management revenue of ¥128 million. The full-year revenue indicates progress toward the acquisition objective of bringing property management fee income into the Group. - FY2020-Q3AdvancedAnnual report
「Real estate property management revenue: ¥8 million (¥— million in the same quarter of the previous year)」
Real estate property management revenue of ¥8 million was recorded, indicating measurable progress in bringing the property management fee income targeted through the acquisition of ＦＲＥアセットマネジメント株式会社 into the Group. - FY2020-Q2RestatedAnnual report
「Under these circumstances, the Group acquired 1 new subsidiary and included it in the scope of consolidation during the six-month consolidated cumulative period.」
The acquisition of ＦＲＥアセットマネジメント株式会社 and its inclusion in the scope of consolidation were reconfirmed in the second-quarter report. - FY2020-Q1AchievedAnnual report
「On 27 May 2019, ＦＲＥアセットマネジメント株式会社 acquired all shares other than those subscribed for by the company in this transaction as treasury shares. As a result, ＦＲＥアセットマネジメント株式会社 became the company's wholly owned subsidiary.」
The acquisition of ＦＲＥアセットマネジメント株式会社 as a wholly owned subsidiary was completed on 27 May 2019, and the company was included in the scope of consolidation from the first quarter. However, the integration of property management fee income and synergies from the effective use of held properties continued to be described as intended effects. - FY2019First statedAnnual report
「The company intends to work with ＦＲＥアセットマネジメント株式会社 to use the Group's assets more effectively and generate synergies by acquiring the company as a subsidiary, bringing its real estate property management fee income into the Group, and strengthening income and earnings capacity through the effective use of its properties.」
The company subscribed for 7,788 shares for ¥715 million on 21 May 2019 and made ＦＲＥアセットマネジメント株式会社 a wholly owned subsidiary on 27 May of the same year. The stated objectives of the acquisition were to bring real estate property management fee income into the Group, make effective use of held properties and strengthen earnings capacity.