Entry into New Businesses and Risk Diversification through the Acquisition of トータルメンテナンスジャパン

「Revenue in the service and maintenance business was ¥538 million, up 1.4% year on year, while operating profit was ¥22 million, up 62.3% year on year.」

「As a result, revenue in the service and maintenance business was ¥2,099 million, up 3.4% year on year, while the business posted an operating loss of ¥13 million, compared with operating profit of ¥29 million in the same period of the previous year, due in part to the increase in the minimum wage and the occurrence of rework projects.」

「As a result, revenue in the Service and Maintenance business was ¥1,001 million, up 5.9% year on year, while operating profit was ¥1 million, down 93.7% year on year.」

「As a result, revenue in the Service and Maintenance business was ¥946 million, down 10.8% year on year, while operating profit was ¥16 million, up 108.6% year on year.」

「As a result, orders for golf course facility renewal projects increased. In addition, although some contracts with existing business partners were scaled back, we secured profit at approximately the same level as in the same period of the previous year through proactive sales activities to develop new customers.」

「As a result, orders for golf course facility renewal projects increased. In addition, although some contracts with existing business partners were scaled back, we secured profit above the level of the same period of the previous year through proactive sales activities to develop new customers.」

「Although some contracts with existing business partners were scaled back, we secured profit above the level of the same period of the previous year through proactive sales activities to develop new customers. As a result, revenue in the Service and Maintenance business was ¥486 million, down 11.2% year on year, while operating profit was ¥5 million, compared with an operating loss of ¥6 million in the same period of the previous year.」

「As a result, orders for golf course facility renewal projects increased, and transactions with new golf courses also expanded, ensuring stable revenue.」

「The Service and Maintenance business primarily provides comprehensive management services centered on cleaning and facilities management at golf course clubhouses, as well as cleaning services including amenity management at commercial facilities and hotels. Based on stable contracts with customers, it provides safe, clean and optimal environments to ensure guest satisfaction. Regarding trends in golf course use, which is the main customer base for the business, group bookings such as competitions and restaurant operations have declined since the COVID-19 pandemic, but individual use has not been materially affected. In fact, visitor numbers have increased. We also secured contracts with new golf courses, ensuring stable revenue. However, profit was affected this fiscal year by a decline in orders for large-scale construction projects compared with the previous fiscal year.」

「We also secured a contract with a new golf course, ensuring stable revenue.」

「In addition, the subsidiary Daiwa Bussan Co., Ltd. acquired all shares of Total Maintenance Japan Co., Ltd. (TMJ), which operates comprehensive maintenance services for approximately 130 properties nationwide, including golf courses and hotels, from Tokyo, Osaka and Fukuoka, and made it a consolidated subsidiary from the third quarter of the current consolidated fiscal year. By making Total Maintenance Japan Co., Ltd. a subsidiary, the company expects to enter a new business, expand its business domains, contribute to sustainable corporate growth and diversify risk.」

「At meetings of their respective boards of directors held on 14 October 2020, the company and its wholly owned subsidiary Daiwa Bussan Co., Ltd. resolved that Daiwa Bussan Co., Ltd. would acquire all shares of Total Maintenance Japan Co., Ltd. and make it a subsidiary, or sub-subsidiary. On the same date, they entered into a share transfer agreement and acquired all shares on 28 October 2020. The purpose was to secure an earnings base by expanding the company’s business domains.」