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Business Times
24-06-2025
- Business
- Business Times
Daiwa plans 100 billion yen real estate fund as Japan market booms
[TOKYO] Daiwa Securities Group plans to launch a real estate fund with two partners, tapping investor demand for a piece of Japan's booming property market. The Japanese brokerage will collaborate with Osaka-based developer Samty Holdings, and fund manager Hillhouse Investment, according to Daiwa's Masatsugu Oishi. It aims to raise 100 billion yen (S$883 million) via a private fund for domestic and overseas institutions, said Oishi, who is general manager of asset management strategy. Daiwa will target Japanese rental housing and hotels, assets that tend to be better insulated from inflation compared with other sectors, at a time when consumer prices are rising at the fastest pace in decades. Many real estate investors in Japan remain bullish, even as one key indicator, prices of new condos in Tokyo, fell in 2024 for the first time in six years after a record 2023. A low supply of apartments and higher raw material and labour costs mean that new homes in Japan's capital will likely resume getting pricier, analysts say. For Daiwa, success in overseeing the fund will help with the company's goal of boosting its asset management operations. Those provide a stable source of income, at a time when a shrinking national population pressures its traditional broking businesses. Daiwa plans not only to continue operating in areas such as listed real estate investment trusts and private Reits, but expand its private fund offerings. The securities firm aims to increase its real estate asset management investment holdings by 25 per cent from the end of fiscal 2024 to two trillion yen by fiscal 2030. A NEWSLETTER FOR YOU Tuesday, 12 pm Property Insights Get an exclusive analysis of real estate and property news in Singapore and beyond. Sign Up Sign Up 'Expanding our investment holdings will improve profitability and lead to increased corporate value,' Oishi said. Delisted firm Samty, which operates rental apartments, was delisted in January after Hillhouse took it over. Daiwa Securities Group, which was the largest shareholder, continues to hold its stocks after the developer exited the exchange. The three companies had indicated their intention to cooperate to strengthen Samty's asset management business by leveraging Hillhouse's fundraising capabilities and international investor network. Hillhouse is one of the world's largest alternative investment management firms, established in 2005 with funding from the Yale University Endowment Fund. It manages assets for university endowments and government-affiliated investment funds in Europe, the US, Asia and the Middle East. In 2020, it unveiled an investment strategy centred on real estate, handing over US$3.5 billion to more than 16 real estate companies across Asia. BLOOMBERG
Bloomberg
26-03-2025
- Business
- Bloomberg
Daiwa to Raise Salary Levels by About 5% Across Group
Daiwa Securities Group will increase its employees' pay by around 5%, its fourth consecutive annual pay hike, the latest example of Japanese companies hiking wages amid rising living costs. The Tokyo-based brokerage will raise the salary matrix across all job positions, including at subsidiaries, it said in a statement Wednesday. The hike equates to a cumulative total of more than 20% over the past four years.
Japan Times
04-03-2025
- Automotive
- Japan Times
Toyota to hand out shareholder perks to entice retail investors
Toyota Motor will for the first time hand out perks to entice investors, including digital credits and a chance to enter a draw for motorsport event tickets, becoming the latest Japanese firm to announce shareholder benefit programs in recent months. Investors who have held at least 1,000 shares for five years or more will be rewarded with credits worth ¥30,000 ($200) for Toyota Wallet, a smartphone payment app, the automaker said in a statement Monday. Eligible shareholders may enter a draw for races at Fuji Speedway later this year. This is the first time the company has introduced such a program, according to its spokesperson. "Toyota may be looking to attract more retail shareholders' who would hold shares long term, said Yugo Tsuboi, chief strategist at Daiwa Securities Group. The fact that a large, well-known company like Toyota has started such a program is significant, and more companies may follow suit, he said. "That's not a bad thing for Japanese stocks, overall.' Toyota's announcement comes as some Japanese firms begin reintroducing perks to attract retail investors, a practice that has drawn criticism from some global funds who aren't able to benefit from such programs. Kura Sushi, an operator of conveyor-belt sushi restaurants, last month said it will issue meal vouchers to shareholders, while Rakuten Group in December offered one-year free mobile plans. Shares in both companies jumped following the announcements. Toyota shares have sunk 11% this year, compared with a 2% drop by the benchmark Topix index, as a stronger yen and concern over U.S. tariffs weighed on the industry. "After last week's announcement of a more independent board of directors, this is the second step they are taking to secure a friendlier AGM in June,' said Julie Boote, senior analyst at Pelham Smithers Associates.
