Earnings, deals and disclosures from Japan's listed real estate companies, in English.
Iida Group Holdings' homebuilding subsidiary closed its all-cash purchase of an operator of 100 or more serviced senior-housing facilities on October 6, though fair values and goodwill are still being worked out.
Tenders of shares and options, equal to 207,044,870 shares, cleared the 158,716,000-share minimum, so K891, Inc. will buy all of them and, once settlement starts on November 9, become Leopalace21's parent with 63.35% of voting rights.
Chidori GK has contracted to tender all 50,507,600 Leopalace21 shares to K891 before the 30 October close, but can terminate if a funded rival bid at least 2.5% higher goes unmatched.
Katitas's ¥2,000-a-share cash offer for Toubujyuhan has the board's backing and pledges from holders of 45.01%; if it succeeds, the company pays no year-end dividend and ends its shareholder benefit scheme.
Hulic's ¥295-a-share offer for the rest of Riso Kyoiku Group is a 41.15% premium, ¥25 below its 2024 price, with no majority-of-minority condition, and Riso's board backs it.
Holders tendered 9,057,536 JPMC shares at ¥2,270, above the 5,049,300 minimum, but the bidders will still need a share-consolidation vote before the planned delisting from the Prime market, with settlement starting October 13.
A regulatory change report shows Hikari Tsushin and UH Partners 2 will keep their combined 17.70% Leopalace21 stake out of K891's ongoing tender offer while agreeing to back a share consolidation and later buyback designed to leave K891 as the company's sole shareholder.
Amsterdam1 and Amsterdam2 raised their tender offer for Japan Property Management Center to ¥2,270 a share on September 14, but cut the shares they plan to buy and lowered the acceptance minimum after agreeing that Hikari Tsushin group shareholders, holding 9.93% of the company, would sit the tender out entirely, with 8.69% of that stake later sold to JPMC as treasury stock through a related entity.
K891, a vehicle controlled by Hikari Tsushin, has filed a ¥1,000-per-share tender offer for Leopalace21 that would hand the bidder group 66.36% of voting rights at minimum, with Hikari Tsushin, MBK Partners and NEC Capital Solutions set to hold roughly a third each of the buyer's parent once fresh capital comes in after the offer closes.
The Tokyo Growth-market holding company plans to put $3.5mn into a US solar installer that has been balance-sheet insolvent for three consecutive years, and it has already warned investors the shares themselves could need an impairment charge.
The Tokyo-listed asset manager confirmed its Six Senses Kyoto security-token offering and the underlying trust beneficiary interest transfer are complete, with revenue expected at 10% or more of last year's sales and profit at 30% or more of its five-year average, already built into next year's guidance.
JINUSHI's board approved selling three land parcels worth ¥11.39bn to a Mitsubishi HC Capital-backed fund, a sale into a vehicle meant to speed up land purchases while JINUSHI keeps the property-management fees.
Kasumigaseki Capital has agreed to sell the Miami development site meant to launch its US business, at a price worth at least a tenth of last year's revenue, with settlement due the day after signing and the buyer and exact figure kept confidential under an NDA.
Arealink bought every tendered share and warrant in its bid for Storage-Oh, pushing its voting stake to 84.14% and clearing the way for a parent-company change on August 28.
JPMC's board scrapped this year's dividend the same day it backed a take-private tender offer priced on the assumption shareholders would get no payout at all.
Storage-Oh's board has told shareholders to tender into Arealink's ¥1,340-a-share offer, a 42.25% premium over the pre-announcement price, with major holders already locked in and a squeeze-out ready for anyone who holds out.
The catch: JALCO is using a one-year 3 per cent bond fully taken by a company owned by its chief executive to fund part of a 24.5 per cent stake in six grid battery sites, while the actual purchase price and near-term earnings impact remain undisclosed.
The catch: ASIAN STAR's Hash Global-backed plan to tokenize Japanese real estate on BNB Chain is unusually detailed, but ¥217.0mn of the potential ¥439.0mn raise depends on later warrant exercises.
Urbanet approved the sale of a 274-unit investment apartment in Funabashi, Chiba, in a deal it says exceeds the 10%-of-revenue disclosure threshold, but contract signing is planned for July 2026 and handover is not until March 31, 2028. That leaves current-year guidance unchanged because revenue recognition is slated for the year ending June 2028.
JTM says it holds 55,211,107 RISE shares and equivalents, or 53.99% of the total, after the tender offer closed, replacing the former parent and pushing RISE into controlled-subsidiary territory. The stake includes 6,244,307 Class A preferred shares that JTM wants converted into common stock, while its side agreement stops short of seeking a board majority for at least three years.
Dualtap plans a company split on Aug. 1 that moves the business at The Residence Shirokane Suite into Dualtap Community for ¥220 million, subject to shareholder approval on June 15. The target combines building management with care-related and daily-life support services for mainly older residents, and the company says it brings recurring revenue plus operating know-how in senior housing. For the year ended November 2025, the business generated ¥309.0 million in revenue and ¥57.9 million in operating profit, which makes this more concrete than the average strategy memo.