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Akatsuki Corp.
1
Introduction to Akatsuki Corp.
Akatsuki Corp.
TotalEstateGroup
LeadwayLtd.
AkatsukiCorp.
AkatsukiSecurities
Inc.
My TrunkLtd.
EW AssetManagement
Co., Ltd.
2
SecuritiesServices
Gold TradingReal Estate Restoration
（Renovation）
Development of Nursing housing
Mini self-storage room operator
Akatsuki Corp.
1. Achievement in the past 5 years
2. Introduction to our subsidiaries
3. Earning forecast in FY03/2018
4. Our 3-year Plan
3
Akatsuki Corp.
Achievements in the past 5 years
（2011 – 2017）
4
Akatsuki Corp.
Kurokawa Kitoku Financial Group（ Currently known as Akatsuki Corp.）
My TrunkLtd.
AkatsukiSecurities, Inc
Yutaka Shoji Co., Ltd.
＜Real Estate business＞＜Securities Business＞
5 years ago in 2011
5
Akatsuki Corp.Objectives in 2011
To strengthen the Securities Business＝＞ Enlarged the revenue from the Securities
section.
To incubate another Core Business ＝＞ Stabilized earnings for the whole group.
To enlarge our Capital ＝＞ Increased Shareholders Equity as part of our
Capital.
6
Akatsuki Corp.
YutakaShoji Co., Ltd.
Global InvestmentManagement Inc.
Trade Lab Co., Ltd.
AkatsukiSecurities, Inc.
Nihon Securities Journal Inc.
Total EstateJyutaku Hanbai
RichesseManagement, Ltd.
Total Tec Co., Ltd.
Wealth Management, Inc
Total Estate,Ltd.
EW Asset Management
Co,.Ltd.
My Trunk,Ltd.
Hotel W ManagementOsaka Minami
＜Real Estate Business＞＜Securities Business＞
Akatsuki Financial Group, Inc.(Currently known as Akatsuki Corp.）
From 2012 - 2017
Capital Solution, Inc
7
Nihon Securities Journal Research
Inc.
Leadway, Ltd
Akatsuki Corp.
＜Real Estate Business＞＜ Securities Business ＞
Akatsuki Corp.
8
AkatsukiSecurities, Inc.
Leadway, Ltd
My Trunk,Ltd.
Total Tec Co., Ltd.
Total Estate,Ltd.
Total EstateJyutaku Hanbai
Present
EW AssetManagement
Co., Ltd.
Akatsuki Corp.
Securities Business
15%
Real Estate Business
80%
Others5%
FY03/2012 ： 2.9 billion FY03/2018(Forecast)：21.8 billion
Securities Business
95%
Real Estate Business 5%
8 Times
9
Transition of Our Business Composition (Sales)
Akatsuki Corp.
3,382
7,476
1,501
0
2,000
4,000
6,000
8,000
10,000
2012.3 2017.3
（Million Yen）Dividend and
Stock buy-back
8,977
3 Times
10
Growth of Shareholders’ Equity
Akatsuki Corp.
11
Growth of Book Value Per Share
299
517
98
0
100
200
300
400
500
600
700
2012.3 2017.3
2 Times
ROE(Return On Equity)
15％
（Million Yen）
Dividend andStock buy-back
615
Akatsuki Corp.
0
100
200
300
400
500
600
700
800
2012 2013 2014 2015 2016 2017 Present
Book Per Share
Stock Price
(*) Price Book-Value Ratio : Stock price/Book Per Share
（yen）
ＰＢＲ* 0.72 0.67 1.20 0.92 0.96 0.69 0.94
12
Stock Performance and Book Value Per Share
Akatsuki Corp.
Introduction to our subsidiaries
13
Akatsuki Corp.
Akatsuki Securities, Inc.
14
Akatsuki Corp.
Started as the Guild of Money-Exchangers
1863
One of the Opened Member of Osaka-Stock Exchange
140years
1878
15
Akatsuki Securities, Inc.
Akatsuki Corp.
¥ 2 trillion and above
Small sizeLocal Brokerage houses（about 200 companies）
Client Assets (Yen Trillion)
(*) Source ：FACT BOOK 2016（Japan Securities Dealers Association） 16
Akatsuki Securities, Inc.
¥ 0.5～2trillion
¥ 0.5 Trillion and less
Total256
companies*
Akatsuki Corp.
■ Branch Location
17
Akatsuki Securities, Inc.
Hyogo ・Kakogawa・Akou
Osaka ・Osaka
Mie・Matsuzaka
Shizuoka・Iwata
Chiba・Narita・Youkaichiba
Shiga ・Nagahama
Kanagawa・Hiratsuka・Musashikosugi
Tokyo・Main Branch
Saitama・Niiza Shiki
Akatsuki Corp.
Acquisition of Nakaizumi Securities（Iwata, Shizuoka）
NakaizumiSecurities, Inc.
Akatsuki Securities, Inc.
18
Akatsuki Securities, Inc.
■ Diversified Marketing Channel
Akatsuki Corp.
Amount of Partnered IFA*
19
Akatsuki Securities, Inc.
(*) IFA: Independent Financial Advisors which have business alliance with securities companies
Rank Sep/2012 Rank May/2017
Securities Company Number of Partnership Securities Company Number of Partnership
1 SBI 195 1 Ace 386
2 Ace 190 2 ＳＢＩ 174
3 Mitsubishi UFJ 101 3 Mitubishi UFJ 86
4 ＰＷＭ 85 4 ＰＷＭ 85
5 ＳＭＢＣ Nikko 66 5 Rakuten 62
6 Takagi 60 6 Akatsuki Securit ies 46
7 Hibiki 46 7 Securites Japan 43
8 Nissan Century 37 8 Nissan Century 43
9 Super Fund 35 9 Takagi 39
10 Securites Japan 29 10 Super Fund 31
11 Aizawa 27 11 藍澤 27
19 ニュース 6 19 Tokai Tokyo 4
20 Air's 4 20 Traders 3
21 Akatsuki Securit ies 0 21 Sankyo 3
■ Diversified Marketing Channel
Akatsuki Corp.
1.2
1.7
2.2
2.7
2012.3 2013.3 2014.3 2015.3 2016.3 2017.3 2017.6
Oprating Profit Ordinary Expense
(*) Operating expense: Operating Expense of Securities Business
(％) Revenue/expense of our customer assets
■ We have lowered the break-even point due to streamlining of our operations
20
Akatsuki Securities, Inc.
Akatsuki Corp.
2,587 3,095
4,382 5,033 5,101
4,631
4
222 547
1,040
0
2,000
4,000
6,000
2012.3 2013.3 2014.3 2015.3 2016.3 2017.3
■ Shareholders’ Equity(Dividend Included*)
(*) Dividend: dividend minus equity increase.
(Million Yen)
21
Akatsuki Securities, Inc.
Akatsuki Corp.
22
Wealth Management, Ltd.Since Dec 2016, it was no longer a
subsidiary and excluded from consolidation
Akatsuki Corp.
■ Acquisition of Dreamvisor HD
Nihon Securities JournalFinancial Media Services
■ Withdrawal from Financial Media Services 23
Wealth Management, Ltd. (formerly known as Dreamvisor HD)
Akatsuki Corp.
Dojima Hotel Ibis Styles Osaka
■ Started Real Property Finance business to strengthen its hotel business
24
Wealth Management, Ltd. (formerly known as Dreamvisor HD)
Akatsuki Corp.
グループ会社化
■ Shareholder’s Equity
205 302
1,182 1,1981,639
2,547
0
500
1,000
1,500
2,000
2,500
3,000
2012.6 2013.3 2014.3 2015.3 2016.3 2016.12
Started real property services
business
Withdrawal from financial media
business
(million Yen）
*1 *2
（*1） Only FY 03/2013, accounting term is 9 month.（*2） Due to sell its stock and exclusion of our subsidiary in Oct/2016, we used financial result in Dec/2016
Acquisition Akatsuki Corp. divested portion of our stake in Wealth Management
25
Wealth Management, Ltd. (formerly known as Dreamvisor HD)
Akatsuki Corp.
EW Asset Management
（Management of Healthcare Fund）
26
Akatsuki Corp.
■ One of the biggest private senior housing development funds in Japan
Health Care Fund
Invest
Management
Invest /Develop
Nursing Housing
Lease Nursing Housing
Operator
27
EW Asset Management Co., Ltd. (Management of Health Care Fund)
Akatsuki Corp.
EW Asset Management
Akatsuki Corp.
（Kanagawa）Assisted Living SajimaOperator ：ＺＥＮ Wellness
28
（Saitama）Assisted Living KawagoeOperator: ZEN Wellness
EW Asset Management Co., Ltd. (Management of Health Care Fund)
Akatsuki Corp.
（Hyogo）Irise OhgiOperator：Hasegawa Care Service
29
（Tokyo）Sunrise Vila Nishi-Kasai（Temporary name）Operator ： LIKE Carenext
EW Asset Management Co., Ltd. (Management of Health Care Fund)
Akatsuki Corp.
（Osaka）Royal Residence GotenyamaⅡOperator： Social welfare Research Institute
30
（Osaka）Heart land HirakataOperator ：Kawashou
EW Asset Management Co., Ltd. (Management of Health Care Fund)
Akatsuki Corp.
3,400 3,300 3,300 3,300 3,400 3,600 3,700
1,000
2,000
3,000
4,000
5,000
2015.3 2016.3 2017.3 2018.3 2019.3 2020.3 2021.3
Selling Profit or Loss Adjusted Net Aseet
(*) Assume we divested all the properties from FY03/2020 to FY03/2021
■ Historical and Projected* adjusted net asset
31
(Million Yen）
or more
EW Asset Management Co., Ltd. (Management of Health Care Fund)
Akatsuki Corp.
Total Estate Group
32
Akatsuki Corp.
■ Acquisition of Total Estate Group （Jul/2017）
33
Total Estate Group
Akatsuki Corp.
Akatsuki Corp.
Renovation Sale Purchase
Family
■ Business model
34
Total Estate Group
Individual
Akatsuki Corp.
Before After
■ To enhance property value through renovation
35
Total Estate Group
Akatsuki Corp.
(*) Source： The Remodeling Business Journal, Existing House Market Datebook 2016
RankRanking of secondhand condos and apartments investment by value in Japan in 2016*
No. of transactions
1 Intellex （Listed with First Section of Tokyo） 1,393
2 Daikyo Group（Listed with First Section of Tokyo） 1,236
3 Fuji Corporation （Listed with First Section of Tokyo） 1,214
4 Total Estate (Unlisted) 860
5 FJ Next（Listed with First Section of Tokyo） 702
6 e’grand （Listed with Second Section of Tokyo） 595
7 Haseko Real Estate(Unlisted) 586
8 Starmica（Listed with First Section of Tokyo） 540
9 Fstage (Unlisted) 417
10 Mugen Estate（Listed with First Section of Tokyo） 368
36
Total Estate Group
Akatsuki Corp.
■ Sales and Profit before tax
21,200
26,700 23,400
616
815456
0
100
200
300
400
500
600
700
800
900
0
5,000
10,000
15,000
20,000
25,000
30,000
2014.9 2015.9 2016.9
Sales Profit before Tax（Million Yen）
675 860 62637
Total Estate Group
Number of transactions
Akatsuki Corp.
Earning forecast in FY03/2018
38
Akatsuki Corp.
FY 03/2017
Results
FY 03/2018
Forecast
Increase/
decrease
Sales 4,312 21,800 406％
Operating
Profit△458 1,200 -
Ordinary
Profit421 1,400 233％
Profit Attributable
to owners of parent 239 1,100 360％
（Unit：Million Yen, ％）
39
Earning forecast in FY03/2018
Akatsuki Corp.
■ Breakdown of Sales
4,312 1,100
21,800
3,300 150 250
17,000
0
5,000
10,000
15,000
20,000
2017.3 2018.3
AkatsukiCorp
AkatsukiSecurities
My Trunk
EW Asset management
Consolidation
(*) The sale of Total Estate Group is estimated by calculation in 9-month sale from Jul/2017 to Mar/2018
（Million Yen）
40
Total Estate Group*
Earning forecast in FY03/2018
Akatsuki Corp.
■ Breakdown of Profit attributable to owners of parent
239
500 500
900 1,100 1,100
400
100
400 300
0
200
400
600
800
1,000
1,200
1,400
1,600
2017.3 2018.3
AkatsukiCorp
AkatsukiSecurities
Total EstateGroup*2
EW AssetManagement
Profit attributable to owners of parent
Ordinary Profit Taxes and etc*1
(*2) 9-month numbers from Jul/2017 to Mar/2018
(Million Yen）
(*1) Corporate Taxes, etc. and profit attributable non-controlling interests
41
Earning forecast in FY03/2018
Akatsuki Corp.
Our 3-year plan
42
Akatsuki Corp.
１．Akatsuki Securities, Ltd.
Expansion of customer’s asset
Striving to provide high quality investment intelligence and
services
２. Total Estate Group
Strengthen the procurement system
Optimization of financial status
３． EW Asset Management Co., Ltd.
Commencement of divesture of holdings
Launch the 2nd health care fund43
Our 3-year plan
Akatsuki Corp.
■ Sales (Projection)
4,321
21,800
45,000
0
15,000
30,000
45,000
2017.3 2018.3 2021.3
（Million Yen）
44
Our 3-year plan
Akatsuki Corp.
■ Breakdown of Sales (Projection)
21,800 4,000
-3,500
51,000-
45,000
1,700-500
300
45,000-
41,000
0
10,000
20,000
30,000
40,000
50,000
60,000
2018.3 2021.3
Akatsuki Securities My Trunk
EW AssetManagement
Total EstateGroup
45
Consolidation
（Million Yen）
Our 3-year plan
Akatsuki Corp.
421
1,100
2,500
0
1,000
2,000
3,000
2017.3 2018.3 2021.3
■ Profit Attributable to Owners of Parent (Projection)
（Million Yen）
46
Our 3-year plan
Akatsuki Corp.
7,475 10,100
14,000
0
5,000
10,000
15,000
2017.3 2018.3 2021.3
*2
*2
■ Consolidated Shareholders’ Equity (Projection)
(*1) We calculated with estimating 17 billion capital increase by exercising 75% of shareholder-assigned share option.
（Million Yen）
47(*2) Amount of dividend and stock buy-back are included.
*1
Our 3-year plan
Akatsuki Corp.
517 500
700
200
300
400
500
600
700
800
2017.3 2018.3 2021.3*
■ Consolidated Book Value Per Share (Projection)
(*) We calculated with estimating 17 billion capital increase by exercising 75% of shareholder-assigned share option.
（Yen）
48
Our 3-year plan
Akatsuki Corp.
The information set out in this presentation (the “Presentation”) has been produced by Akatsuki Corp. (the “Company”) and is being made available to recipients for information purposes only. It does not constitute, nor is it intended to be an offer to sell, or an invitation to subscribe for, or purchase, any securities in the Company.
The information set out in this Presentation has not been independently verified and may be subject to updating, completion, revision and amendment. The Presentation does not purport to summarize all the conditions, risks and other attributes of an investment in the Company.
The content of this Presentation is not to be construed as legal, business, investment or tax advice. Each recipient should consult with its own professional advisors for any such matters and advice. The information contained in this Presentation does not constitute or form part of, and should not be construed as, an offer or invitation to subscribe for or purchase the securities discussed herein in any jurisdiction.
This presentation contains certain forward-looking information and statements. Such forward-looking information and statements are based on the current, estimates and projections of the Company or assumptions based on information currently available to the Company. Such forward-looking information and statements reflect current views with respect to future events and are subject to risks, uncertainties and assumptions. The Company cannot give assurance to the correctness of such information and statements. These forward-looking information and statements can generally beidentified by the fact that they do not relate only to historical or current facts. Forward-looking statements sometimes use terminology such as "targets", "believes", "expects", "aims", "assumes", "intends", "plans", "seeks", "will", "may", "anticipates", "would", "could", "continues", "estimate", "milestone“, “forecast“, “projection” or other words of similar meaning and similar expressions or the negatives thereof. By their nature, forward-looking information and statements involve known and unknown risks, uncertainties and other important factors that could cause the actual results, performance or achievements of the Company to differ materially from any future results, performance or achievements that may be expressed or implied by the forward-looking information and statements in this presentation. Should one or more of these risks or uncertainties materialize, or should any underlying assumptions prove to be incorrect, the Company's actual financial condition or results of operations could differ materially from that or those described herein as anticipated, believed, estimated or expected.
Any forward-looking information or statements in this presentation speak only as at the date of this presentation. Except as required by applicable laws, the Company does not intend, and expressly disclaims any obligation or undertaking, to publicly update, correct or revise any of the information included in this presentation, including forward-looking information and statements, whether to reflect changes in the Company's expectations with regard thereto or as a result of new information, future events, changes in conditions or circumstances or otherwise on which any statement in this presentation is based.
Given the aforementioned uncertainties, recipients are cautioned not to place undue reliance on any of these forward-looking statements.
Disclaimer
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