Property Technologies Inc.
Notice of Establishment of New Company (Grandchild Company)
A new company, Farval Co., Ltd., will be established as a 100% subsidiary of consolidated subsidiary Homenet Co., Ltd. Capital is 100 million yen, and the registered office is in Shibuya-ku, Tokyo. Mr. Yudai Hamanaka, the representative of the parent company, will assume the position of Representative Director of the new company. Establishment date is June 27, 2026, and the business will be real estate sales, leasing, and brokerage. The new company is positioned as a pillar of future business plans, aiming to expand the real estate business in response to market changes due to rising long-term interest rates. The impact on consolidated results for the fiscal year ending November 2026 is expected to be minor. An apology for delayed disclosure is included.
Key Figures
- New Company Name: Farval Co., Ltd.
- Capital: 100 million yen
- Shareholding Ratio: Homenet Co., Ltd. 100%
AI要約
Overview of New Company Establishment
A new company, Farval Co., Ltd., will be established as a subsidiary of Homenet Co., Ltd., a consolidated subsidiary of the Company. Capital is 100 million yen, Homenet will hold 100% of the shares, and the Representative Director will be the Representative Director of the Company. The business activities will be real estate sales, leasing, and brokerage, and both the establishment date and business commencement date are June 27, 2026.
Outlook and Impact
The establishment of the new company is positioned as a pillar for medium- to long-term business expansion, aiming to broaden the scope of the real estate business to respond to market changes caused by rising long-term interest rates and to meet customer needs. At present, the impact on consolidated results for the fiscal year ending November 2026 is expected to be minor; any future disclosures will be made promptly as necessary.
Property Technologies Inc.
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