LeTech Research Memo (10): Formulate a new “Corporate Philosophy (Mission/Vision/Values)”

■Growth Strategy and Topics 1. A new management team led by new president Miyaji was launched LeTech ＜3497＞ invited new president Miyaji from a different industry and started a new management team in 2023/10. Mr. Hirano, who has led the company since its establishment, will continue to support the new system as chairman. The new president, Mr. Miyaji, started his career at Fuji Bank (now Mizuho Bank) and gained experience at multiple financial institutions, starting with foreign companies. After that, business

Fisco JapanMay 27 01:50 ET

LeTech Research Memo (8): Equity ratio improved to 26.0%

■Performance Trends 2. The total assets of the financial situation and management index LeTech (3497) at the end of the second quarter of the fiscal year ending 2024/7 were 19,534 million yen, down 2,190 million yen from the end of the previous fiscal year. Of these, current assets decreased by 2,286 million yen to 18,369 million yen. The main factors were a decrease of 1,326 million yen in advance payments associated with property contracts, and a decrease of 1,121 million yen in real estate for sale (including work in progress). Fixed assets increased by 96 million yen to 1,165 million yen. This is

Fisco JapanMay 27 01:48 ET

leTech Research Memo (4): Operating in the 2 major markets of Osaka and Tokyo

■LeTech Features and Strengths 1. A product that can be said to be synonymous with LeTech (3497), an area of differentiation with major real estate companies, is the low-rise condominium series “LEGALAND,” which focuses on location and design, and its development track record exceeds 100 buildings. We have expanded our business in markets where it is difficult for major players to enter, such as wall-type structures and development in small areas. Because the ramen structure commonly adopted by major real estate companies in mid- to high-rise buildings supports the building with a frame made of columns and beams

Fisco JapanMay 27 01:44 ET

LeTech Research Memo (3): Comprehensive real estate developer developing condominiums for the wealthy mainly in the Tokyo area

■Company Overview 1. Company Overview LeTech ＜3497＞ is an independent comprehensive real estate developer headquartered in Kita-ku, Osaka-shi, Osaka and continues to actively expand its business in the Tokyo area. We develop everything from brokerage and consulting to land purchase/development, and provide optimal solutions for land utilization. The company was founded in September 2000 and has a real estate brokerage consulting business as “Legal Real Estate Co., Ltd.” The company name is prefixed with “law”

Fisco JapanMay 27 01:43 ET

LeTech Research Memo (1): Residence development performed well in the 2nd quarter of the fiscal year ending 2024/7, and sales and profit increased (1)

■Summary LeTech (Retech) ＜3497＞ is an independent comprehensive real estate developer listed on the Tokyo Stock Exchange (hereafter, Tokyo Stock Exchange) growth market. We develop everything from brokerage and consulting to land purchase/development, and provide optimal solutions for land utilization. The low-rise rental condominium “LEGALAND” for the wealthy to be developed in the Tokyo/Osaka area is positioned as the main real estate development center, and there are already 110 buildings (as of the end of January 2024

Fisco JapanMay 27 01:41 ET

leTech---The rental apartment “LEGALAND Nakanosakagami Annex” was built in Nakano-ku, Tokyo

leTech ＜3497＞ announced on the 8th that “LEGALAND Nakanosakaue ANNEX” of the designer rental apartment series “LEGALAND” was built in Nakano-ku, Tokyo on 4/30. “LEGALAND” has been developed mainly in the 23 wards of Tokyo, and in addition to providing a comfortable living space for residents, it has also been evaluated by domestic and foreign business companies and individual investors as an excellent investment asset. “LEGALAND Nakanosakagami ANNEX” is a reinforced concrete

Fisco JapanMay 9 20:39 ET