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Meihou Enterprise - A new brand of newly constructed investment rental apartments "LOS ARCOS" has been born.
Meihou Enterprise <8927> announced on the 24th the launch of a new brand "LOS ARCOS". Following "EL FARO" and "MIJAS", the third series "LOS ARCOS" is planned to be rolled out in the 23 wards of Tokyo starting in Winter 2025. In its track record of developing over 200 "newly built investment rental residences," the company is seeking further added value.
Meiho Enterprise Reports Strong Financial Growth
Meihou Enter - Transferred the investment rental A-REIT ETF "Elpharo Kuramae" in Honjo, Sumida-ku, Tokyo.
Meihou Enterprise <8927> announced on the 18th that it has transferred the investment rental A-REIT ETF Elfaro series "Elfaro Kuramae." The property is located in Honjo, Sumida Ward, Tokyo, has a site area of 160.56 square meters, and a total floor area of 612 square meters, constructed as a five-story residential building (18 units) of wall-type reinforced concrete. The delivery date is December 18, 2024. The selling price is less than 30% of the consolidated net asset amount as of the end of July 2024 and 10% of the consolidated revenue.
Meiho Enterprise: Supplemental Financial Results for the 1st Quarter Ending July 2025 (Q&A Collection)
Meihō Enterprise - Acquired land for the El Faro series development project in Kōenji North, Suginami, Tokyo.
Meihou Enterprise <8927> announced on the 17th that it has acquired land for a development project located in Koenji North, Suginami-ku, Tokyo. The property has a site area of 180.59 square meters (public record) and is positioned a 10-minute walk from JR Chuo Line "Koenji" Station. The area around the station is rich in commercial facilities and diverse shops, providing high convenience and vibrancy as part of the living environment. The company's rental apartment development brand "EL FARO" series includes "(tentative name) E.
Meihou Enterprise --- In the first quarter, there was a double-digit increase in revenue and profit, with the A-REIT ETF division performing well.
Mihoyo Enterprise <8927> announced its consolidated financial results for the first quarter of the fiscal year ending July 2025 (August to October 2024) on the 12th. Revenue increased by 46.2% year-on-year to 7.192 billion yen, operating profit increased by 47.9% to 0.737 billion yen, ordinary profit increased by 58.7% to 0.594 billion yen, and quarterly net profit attributable to shareholders increased by 41.9% to 0.384 billion yen. The revenue from the A-REIT ETF business increased by 51.6% year-on-year to 5.921 billion yen, with segment profit increasing by 44.3.