Expansion into online funds and the real estate DX business through making FUEL株式会社 a subsidiary
First written in FY2022-Q1. 1 of 3 entries say "Advanced", first in FY2022-Q2. Latest entry: FY2025.
Es-Con Japan moved to the "Worse" side of this theme in 2025.
0 other companies' latest entry also says "Softened".
- FY2025SoftenedAnnual report
「As profitability declined due to the contraction of the crowdfunding business and recovery of the investment became unlikely, the carrying amount of assets related to the business was reduced to the recoverable amount, and the decrease of ¥25 million was recognised as an impairment loss under extraordinary losses.」
The company disclosed the contraction of the crowdfunding business conducted through FUEL and other entities and an impairment loss of ¥25 million on related assets, indicating that the previous expansion strategy had weakened. - FY2022-Q2AdvancedAnnual report
「From the first quarter of the fiscal year, FUEL株式会社, which became a subsidiary through the acquisition of all its shares, has been included in the scope of consolidation.」
FUEL became a subsidiary and was included in the scope of consolidation from the first quarter of fiscal 2022. Expansion into the real estate DX and finance fields, including online funds and systems for real estate crowdfunding, moved into the execution phase. - FY2022-Q1First statedAnnual report
「In January 2022, we expanded the scope of our group’s businesses by making FUEL株式会社, which operates online funds and provides systems to crowdfunding operators under the Act on Specified Joint Real Estate Ventures, among other businesses, a subsidiary. The move was intended to strengthen and expand our group’s asset management business and lay the groundwork for future participation in the real estate finance business.」
FUEL株式会社 was made a subsidiary, and online funds, systems for real estate crowdfunding, and future participation in the real estate finance business were positioned as new business areas.