Earnings, deals and disclosures from Japan's listed real estate companies, in English.
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 operator of Haneda's passenger terminals has locked in pricing for a roughly ¥55.9bn secondary share offering, allocating ¥14.15bn of it to investors in Europe and Asia ahead of a September 9 settlement.
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.
REVOLUTION sold off the property-fund subsidiary at the center of an accounting inquiry the same day it received a report finding 28 of 251 funds should be booked as loans, not sales, leaving two weeks before it must satisfy its auditor or restate June's half-year filing.
REVOLUTION sold WeCapital, the subsidiary behind its troubled crowdfunding platform, to a sitting board member for ¥1mn after no outside buyer emerged, then withdrew its full-year guidance and mid-term plan entirely as it works through a Tokyo Stock Exchange special-attention designation and an unresolved internal probe.
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.
An auditor's disclaimer over suspect property buyback deals at Revolution's real estate subsidiary has drawn a Tokyo Stock Exchange special-caution designation, and the company now has until mid-October to publish a fix.
A Kyoto rental-housing brokerage under Elitz Holdings stored tenant-applicant emails, some dating back to April 2021, in a cloud environment with inadequate access controls, a gap an outside researcher caught on August 17, and the company still cannot say whether any data actually got out.
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.
Japan's biggest self-storage operator raised its full-year profit forecast after 19% first-half operating-profit growth, and is spending about ¥2.6bn at a 42% premium to take full control of a smaller Tokyo-area rival.
Hulic's net profit rose 11% to ¥50.0bn in the six months to June 2026, but a ¥5.1bn goodwill charge tied to its tutoring subsidiary's share price tipped the smaller-business segment into a loss.
REVOLUTION's shares now carry a Tokyo Stock Exchange special-alert warning and a listing penalty fee after auditor Aria declined to issue an opinion on its half-year accounts, prompting internal investigation committees at the company and two subsidiaries.
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.
Two shelf-registration supplements filed the same day carve out ¥20bn in three- and five-year unsecured bonds plus a separate ¥10bn tranche that won't settle until July 27.
The number: at Starts Corporation's June 26 shareholder meeting, all 11 director nominees were approved, but President Toyotaka Muraishi collected only 66.02% support and director Hisaji Muraishi got 69.08%, both markedly weaker than other nominees on the same ballot, one of whom won on an 89%-plus margin. The filing gives no stated reason for the gap.
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.
Fuji Kosan says listed status should help lift annual hiring to 1.5 times current levels by 2029 and support a later move to the TSE Standard Market, while this year’s guide points to lower sales but higher operating profit.
A ¥5bn convertible placement gives JALCO cash upfront for property and battery expansion, while Growth Partners signs on to help with strategy, M&A, DX and IR, and the company separately added rights for a second Oita battery site.
The move: Miyakoshi lifted its revenue forecast 75% to ¥3.5bn and now expects ¥150mn of operating profit after saying memory-chip procurement talks and large Japanese sales negotiations moved ahead.
The move: Miyakoshi now expects ¥3.5bn of revenue, ¥150mn of operating profit and ¥330mn of net profit for the year ending March 2027, after saying supply talks with two major Chinese memory manufacturers and large Japanese sales negotiations are lifting orders above plan.
The move: ASIAN STAR approved a ¥222.0mn share placement to Hash Global Alpha and up to ¥217.0mn of warrants for two other investors to fund a planned Japanese real-estate RWA business tied to BNB Chain, though the company says the PoC still needs legal, tax and operating work.
The move: Miyakoshi raised expected revenue for the year to March 2027 to ¥3.5bn and swung to a ¥330mn net profit, but the upgrade rests on semiconductor supply negotiations in China and still-developing sales discussions with Japanese buyers.