To Our Investors
We are pleased to present our business report for the 13th
term (from January 1, 2007, to December 31, 2007).
In 2007, fierce competition to acquire quality properties
continued even as the subprime mortgage loan problem in
the second half of the year and other factors contributed to
a somewhat uncertain business outlook. In this environment,
Kenedix teamed up with Australian
company Challenger Financial Service Group Limited to form
a listed property trust investing in Japanese real estate. The
Kenedix Group (the Group) made its own efforts to expand
earnings, including listing the trust on the Australian Securities
Exchange. As a result, the Group posted record earnings with
revenues and profits increasing for the 12th consecutive year
as real estate development projects began bearing fruit, assets
under management surpassed \700 billion and revenue from
fees grew steadily.
The Group will continue locating quality properties,
extending geographic coverage in Japan and other countries
and expanding its client customer base by taking in pensionbased
and overseas real estate investment funds, which are
expected to continue increasing.
We ask for your continued support and understanding of
our management policy emphasizing shareholder value.
Chairman and Representative Director
President and Representative Director
