Our fiscal year is based on the calendar year. The fiscal year ends on December 31.

Please see our IR Calendar.

Please see our Financial Highlights.

Please refer to our Earnings Report.

This account represents the real estates owned by the Group. We follow the guidance of our accounting auditor. We record these properties as Current assets rather than Non-current assets, even if such properties are owned for long-term purposes.

This account represents the loans provided to third parties in the Crowdfunding Business.

This account represents the loans of the Group with maturity dates of more than one year, but due within one year from the fiscal closing date. Loans associated with properties for which sale contracts have been entered into as of the fiscal year-end but the date of settlement has not yet arrived are recorded in this account.

This account represents the amount of cash deposited by the investors of OwnersBook in the Crowdfunding Business, and these deposits are used for investments in the OwnersBook's projects.

Revenues from the Crowdfunding Business consist of the following items.

• Fees received from borrowers at the time of origination of loan-type projects, and interests received from borrowers during the term of the loan etc.
• Asset Management fees received from SPCs in equity-type projects.

This account represents the amount of cash distributed to the investors of OwnersBook in the loan-type projects in the Crowdfunding Business.

The Group has adopted a strategy of accumulating real estates as inventory as its business foundation. As we increase the volume of real estates for inventory, our cash outflows increase.
Such cash outflows are covered by profits and financing. This is a typical cash flow in the real estate industry.

Our securities code is 3482.

We currently pay a year-end dividend with a target payout ratio of 17%.

We hold an Annual General Meeting of Shareholders in March each year. The date will be posted on our IR Calendar as soon as it is fixed. Please refer to Shareholders Meeting Materials for the Notice of the Annual General Meeting of Shareholders.

We run our business in the real estate investment and the Fintech area.

• In the real estate investment , we do (1) the Corporate Funding Business, in which we use our own funds to invest in and lease properties, (2) Asset Management Business, in which we operate investment properties on behalf of investors. 
• In the Fintech, we offer OwnersBook, a Crowdfunding service specializing in real estate, as the Crowdfunding Business.

For more information, please refer to Corporate Funding Business, Asset Management Business, and Crowdfunding Business.

• In the Corporate Funding Business, revenues are generated from rent income during the period of our property ownership, and from sale revenues when properties are sold.
• In the Asset Management Business, there are three revenue points: (1) when we receive mandates from property owners and institutional investors to manage properties, (2) while we are operating the properties on behalf of them, and (3) when we sell the properties.
• In the Crowdfunding Business, for loan-type projects, revenues are generated when our funds are lent to borrowers. On the other hand, for equity-type projects, we have three revenue points, the same as in the Asset Management Business described above.

Please see our IR Library.

This name reflects our desire to continue shining in the solid position in the real estate industry that is significantly subject to economic fluctuations, without getting affected by short-term economic swings. 

Please see our History.

Please refer to our Corporate Governance.

Please see Our Sustainability.