Merchant Bankers Co., Ltd.
Notice regarding acquisition of commercial rental condominiums ……
Merchant Bankers Co., Ltd. is actively acquiring rental condominiums in metropolitan areas with high profitability and asset value, with the goal of securing annual rental income of 1 billion yen. We will inform you that we will obtain it. The details of the property are as follows, and the policy is to hold it for the medium to long term, and stable income of approximately 19 million yen per year and net yield of approximately 6.0% are expected. Record (1) Location Yanagisaki 5-chome, Kawaguchi City, Saitama Prefecture (2) Site area 415.00 square meters (125.54 tsubo)
(3) Structure: 5-story reinforced concrete building with flat roof (4) Total floor area 743.37 square meters (224.88 tsubo)
(5) Built date: October 1990
(6) Acquisition price 270 million yen (tax included)
(7) Contract date: November 28, 2023
(8) Acquisition date: November 30, 2023
Of the acquisition price of 270 million yen, 200 million yen will be borrowed from a bank, and the remaining amount will be allocated from own funds. With the acquisition of this property, we expect to secure stable rental income as sales by approximately 19 million yen per year, and increase net income attributable to parent company shareholders by approximately 11 million yen per year.
With the acquisition of this property, the number of properties owned will be 27, and the total acquisition price will be approximately 13.8 billion yen. Annual rental income will be 970 million yen, and by acquiring another 400 million yen (1-2 properties), we will achieve our annual income of 1 billion yen. In order to secure annual rental income of 1 billion yen in the first quarter of the fiscal year ending October 2024 (from November 1, 2023 to January 31, 2024), we will carefully examine candidate properties for purchase and hold discussions with financial institutions. We are proceeding. We will promptly secure an annual rental income system of 1 billion yen and further strengthen our financial position by securing profits from the sale of properties while proceeding with the acquisition of properties and strengthening our stable earnings base. As an investment company, based on a strong and stable revenue base, we actively invest in fields with promising future growth potential, including EVs (electric vehicles) and renewable energy, and strive to make dreams come true for our investors. We aim to be a corporate entity that people can own.
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