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.