On the 31st, And Do Holdings <3457> announced that its consolidated subsidiary, Financialdo (headquarters: Kyoto City, hereinafter the same), had exceeded 20 billion yen in remaining guarantee balance for reverse mortgage guarantee business to financial institutions by the end of June 2024.
The company began collateral evaluation and debt guarantee services for reverse mortgages in October 2017. By the end of June 2024, the remaining guarantee balance had reached 20.841 billion yen, and the company claimed that the remaining guarantee balance had increased at the fastest pace in history, an increase of 5 billion yen in just 8 months since achieving 15 billion yen in remaining guarantee balance by the end of October 2023.
Through achieving enlightenment for reverse mortgages and partnerships with many financial institutions in the future, the company plans to expand usage environments and promote the growth of reverse mortgage guarantee business. It also plans to expand its product lineup targeting the senior market where the demand is increasing, and provide services utilizing real estate to contribute to the activation of the Japanese economy.