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Propast --- Selling A-REIT ETF for sale in Kuranuma, Taito-ku, Tokyo.
Proparco <3236> announced on the 25th the sale of real estate for sale in Taito, Tokyo.
Lear Gate Research Memo (2): Revitalizing and operating old small buildings as vintage properties for small offices.
■Company Overview 1. Company Overview Lear Gate <5532> is a Growth Tech company engaged in the FWP business, revitalizing old small buildings in the city center, mainly in the Shibuya area, into small offices and share offices. Since its founding in 2009, it has achieved continuous revenue growth for 15 consecutive terms. The corporate philosophy is to "bring value to the old, creativity to real estate, and freedom to work styles," and the company is working to realize this vision. The company has been led since its inception by a first-class architect with an overseas qualification.
Real Estate Worth $165 Billion Puts Japan Companies in Spotlight
ProPAST - Acquiring sales-use real estate in Hongo, Bunkyo-ku, Tokyo.
Propast <3236> announced the acquisition of investment real estate on the 17th. The property details (segment: rental development business) are located in Bunkyo Ward, Tokyo, with a land area of 176.99 square meters. The delivery and settlement date is October 17, 2024. The acquirer is a domestic corporation. The acquisition price will be less than 30% of the net assets for the fiscal year ending May 2024. There are no capital or personnel relationships to be disclosed between the company and the acquirer, and there are no issues regarding attributes.
ProPAST--- Double-digit increase in the first quarter revenue, with the value-up business performing well.
Propast <3236> announced its financial results for the first quarter of the fiscal year ending in May 2025 (June to August 24). The revenue increased by 38.7% year-on-year to 9.887 billion yen, operating profit decreased by 9.1% to 1.233 billion yen, ordinary profit decreased by 11.7% to 1.075 billion yen, and quarterly net profit decreased by 11.7% to 0.744 billion yen. In the real estate development business, no properties were delivered for revenue recognition, resulting in zero revenue (no revenue in the same period of the previous year). Due to this reason, segment profit also decreased.
Takashimaya, etc., announced share buyback on October 15th.
The companies that announced the establishment of their own stock acquisition frameworks on Tuesday, October 15th are as follows: <8233> Takashimaya 15 million shares (4.8%) 15 billion yen (24/11/1-25/2/28) <7351> Goodpatch 0.45 million shares (5.0%) 0.1 billion 50 million yen (24/10/16-25/4/14) <3236> Propast 0.6 million shares (1.8%) 0.1 billion yen (24/10/16-24/10/31) ※ The percentage in () of the number of shares represents the ratio of the total issued shares (excluding treasury stock) ※ Shares・
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