Started offering Real Estate Investment Program on Small Scale Real Estate to high-net-worth individuals.
This is scheme allows a number of investors to jointly own a real estate, which we purchased, through their participation under voluntary partnership (nin-i kumiai). _As a managing partner under the voluntary partnership, we distribute any profit incurred by this scheme to the investors.
High-net-worth individuals can acquire an interest in a real estate located at the center of Tokyo with the cost of 10 million yen as a starting point and maintain a steady cash flow generated by the real estate management. The product provides an attractive asset management opportunity for inheritance tax and gift tax planning, which utilizes special exemptions on Small Scale Real Estate.
As we continue to enrich our product lineup ahead, we will also pursue earnings opportunities to serve as second and third cornerstones of our business.