Earnings, deals and disclosures from Japan's listed real estate companies, in English.
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.
Ys' Assortment held 46.13% of voting rights at end-March, and Yamaichi Estate says it had no matters to report on transactions with that controlling shareholder while generally avoiding related-party transactions.
Revenue at Real Estate Distribution System is forecast to inch up to ¥930mn this year, but operating profit is set to fall 52.9% as listing-related expenses rise and the renovation arm retrenches after staff departures.
After four straight annual net losses, Intrans said it will launch an AI data-centre business with DSG, starting with GPU-server procurement and sales in Japan from July 2026 to June 2029. To fund the move, it is combining ¥511mn from a February raise with a ¥300mn convertible bond to DSG, performance-linked warrants and separate paid stock options for directors and employees, which means much of the new money only arrives if sales hurdles are actually met.
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.
Columbia Works will repurchase up to 86,000 shares, or 1.1% of issued stock, from June 19 to July 10 for as much as ¥220mn. The same board meeting also started preparations for a move from the Standard market to Prime around spring 2027, though the company says the application timing is undecided and approval is not assured.
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.
Revenue for the half year fell 12.0% to ¥12,542 million, but the group posted ¥1,363 million of operating profit, largely from crowdfunding rather than property sales. It still recorded a ¥1,056 million net loss and an equity ratio of 1.9%, while the auditor declined to express a conclusion on the half-year statements as the company investigates Yamawake Estate transactions with buyback arrangements.
A feared UK restructuring hit came in at ¥8.724 billion instead of the ¥25.0 billion assumed in March, while a ¥31.087 billion deferred-tax benefit was pulled into the first half instead of the final quarter. That sent full-year net profit guidance to ¥44.0 billion from ¥26.0 billion even as sales and operating profit guidance only edged up to ¥411.0 billion and ¥42.5 billion, and the company will stop monthly overseas parking commentary after the restructuring.
The company raised its annual dividend forecast to ¥50 a share from ¥40 after moving to the TSE Prime market on June 15. The extra ¥10 is a commemorative payout, not a rewrite of the ordinary dividend line.
Revenue for the six months to April rose 53.2% to ¥29,390 million and operating profit climbed 61.0% to ¥2,573 million, helped by fund formation and Livenup Group. Even so, management left its full-year targets unchanged and kept the annual dividend forecast at ¥46.00 a share.
GA Technologies posted first-half revenue of ¥142.4 billion and company-defined net revenue of ¥25.5 billion, but business profit fell 7.8% to ¥3.86 billion and operating cash flow swung to a ¥5.25 billion outflow as inventories rose. Management nevertheless kept its full-year framework unchanged, pointing to a stronger second quarter in the RENOSY business and a US marketplace operation that moved into the black. The case for patience is clear enough, but the second half still has to prove it.
The company will dispose of 39,679 treasury shares to 370 employees on June 26 at ¥1,315 a share, for ¥52,177,885 in total. In most cases the stock stays restricted until just after retirement, so this is as much a retention tool as a pay package.
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.
Ship Healthcare authorized a buyback of up to 3.3 million shares, or 3.6% of shares outstanding excluding treasury stock, with a total spending cap of ¥5 billion. The window runs from June 8 to December 31 and management tied the move to shareholder returns and capital efficiency in its medium-term plan. It is an authorization, not a completed purchase, but at least this version of capital discipline comes with dates and limits.
TKP said Riverfield held 60.79% of voting rights as of Feb. 28. The company also said it had no transactions with the controlling shareholder and that any future dealings would go through board review on terms comparable to third-party transactions.