Establishment of a new company as a promotion to new tenants |
We are please to announce the establishment of a new company which provides
joint guaranty service for lessee (tenant) as part of a promotion to new
tenants.
The service will start from December 2007. |
 
1. Company Profile:
(1) Trade Name: House Leave Co., Ltd.
(2) Main Business: Joint and several guarantee service for tenants
(3) Head Office: 2-16-1, Konan, Minato-ku, Tokyo
(4) President: Representative
director and president, Hirofumi Yoshizumi
(Manager of Daito Building Management Co., Ltd.
,
100%
owned subsidiary)
(5) Capital: 25
million yen (100% owned subsidiary)
(6) Establishment: September 3, 2007 (Fiscal year-end: February)
(7) Opening: December
10, 2008
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2. Business Outline:
House Leave Co., Ltd. provides "No joint guarantor service".
When lessee (tenant) requests to make a contract without a joint guarantor,
House Leave Co., Ltd. receives consignment guarantee fee and guarantee
debt as a joint guarantor for the tenant.
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3. Future prospects:
The business will start from December 2007.
The impact on our consolidated financial results will be minor.
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