Back 01 Jul 2025

Marubeni and Dai-ichi Life Complete Real Estate Business Consolidation, Launch Joint Venture 'Daiichi Life Marubeni Real Estate'

Link: https://links.sgx.com/1.0.0/corporate-announcements/PKMNOMCHNCXDZDJV/d587e66293634070c8ecd7696e70b17ec9bff496606976ebae13b39d2633e262

Summary:

  • As of July 1, 2025, Marubeni Corporation and Dai-ichi Life Holdings have completed the consolidation of their domestic real estate businesses.

  • This was achieved through an absorption-type company split by Marubeni (transferring to a consolidated subsidiary) and a partial share exchange.

  • A new joint venture company has been established:

    • Name: Daiichi Life Marubeni Real Estate Co., Ltd.

    • Location: Otemachi, Chiyoda-ku, Tokyo

    • Capital: 500 million yen

    • Representatives:

      • Chairman: Tetsuji Yamamoto

      • President & CEO: Shinichiro Kaneko

  • Each company holds a 50% stake in the JV, which will integrate Dai-ichi Life’s asset management and financial functions with Marubeni’s extensive network and expertise.

  • The JV aims to build one of Japan’s top-tier real estate asset management businesses, offering end-to-end services from development to property management.

  • The impact of this consolidation has already been factored into both companies’ forecasts for the year ending March 2026.