Strengthening the Rental Business through the Acquisition of 株式会社ピカソ and 7 Group Companies
First written in FY2021-Q3. 1 of 3 entries say "Achieved", first in FY2022-Q1. Latest entry: FY2022-Q3.
0 other companies' latest entry also says "Advanced".
- FY2022-Q3AdvancedAnnual report
「From the third quarter of the current consolidated fiscal year, following the absorption-type merger in which our consolidated subsidiary 株式会社ピカソ was the surviving company and our consolidated subsidiaries ヴィーナスコーポレーション株式会社, 株式会社キュービック, 株式会社サンタ, 平野物産株式会社, 株式会社Aria and 有限会社栄角 were the absorbed companies, ヴィーナスコーポレーション株式会社, 株式会社キュービック, 株式会社サンタ, 平野物産株式会社, 株式会社Aria and 有限会社栄角 were excluded from the scope of consolidation.」
Following the acquisition of the Picasso Group, 6 companies were absorbed into 株式会社ピカソ on 1 July 2022, consolidating management resources and improving operational efficiency within the group. - FY2022-Q1AchievedAnnual report
「As stated above, in October 2021 we made 株式会社ピカソ and 7 other companies engaged in real estate leasing and related businesses into subsidiaries.」
The acquisition of 株式会社ピカソ and 7 group companies was completed, and the transformation of the earnings structure through the addition of income-producing rental properties moved into the execution phase. - FY2021-Q3First statedAnnual report
「In August 2021, we entered into a share transfer agreement to acquire all shares of 株式会社ピカソ and 7 group companies, which own numerous high-quality income-producing rental properties, thereby accelerating the transformation of our earnings structure under the new medium-term management plan.」
We entered into an agreement to acquire all shares of 株式会社ピカソ and 7 group companies, for a total of 8 companies. The acquisition was scheduled to close on 29 October 2021, at a planned acquisition cost of ¥29.8 billion. The transaction, which brought in rental apartments, office buildings and other properties held mainly in the Kansai region, was positioned as a measure to shift from flow income to stock income.