TOKYO, Mar 30 (Pulse News Wire) – RISE Inc. (8836.T) announced today that its subsidiary FREAsset Management Kabushiki Kaisha has resolved to enter into an asset advisory agreement aimed at enhancing its core real estate management business.
The agreement, approved during a board meeting held on March 30, involves two counterparties: Bolena General Incorporated and Tazawa General Incorporated, both located within EP Consulting Services in Tokyo, Minato Ku Nishishinbashi Ichi Choume and Tokyo, Minato Ku Nishishinbashi Ichi Choume. Under the terms of the contracts, Bolena General Incorporated will handle the agreement for an annual fee of ¥5.5 million, while Tazawa General Incorporated will manage theirs for an annual fee of ¥5.5 million.
Together, these agreements are expected to increase the group's ordinary profit for the fiscal year ending March 2027 by approximately ¥11 million (estimated). The signing ceremony is scheduled to take place by the end of March 2026.
The company stated that it is currently reviewing the impact of this agreement on its performance forecast for the fiscal year ending March 2026 and will promptly disclose any necessary adjustments to its earnings outlook.
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