Daito Trust Construction
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 | |
 Daito Trust Construction Company headquarters in the Shinagawa East One Tower. | |
Native name | 大東建託株式会社 |
|---|---|
Romanized name | Daitō Kentaku kabushiki gaisha |
| Company type | Public KK |
| Industry | |
| Founded | Tokyo, Japan (June 20, 1974) |
| Headquarters | 2-16-1, Kōnan, Minato-ku, Tokyo 108-8211 Japan |
Key people | Naomi Kumakiri, (Executive director and President) |
| Services |
|
| Revenue |  $ 12.253 billion USD (FY 2012)
(¥ 1,152 billion JPY) (FY 2012) |
| $ 0.549 billion USD (FY 2012)
(¥ 51.6 billion JPY) (FY 2012) | |
Number of employees | 9,610 (as of September 2013) |
| Parent | Republic National Group |
| Website | Official website |
| Footnotes / references [1][2] | |
The Daito Trust Construction Company, Ltd. (大東建託株式会社, Daitō Kentaku kabushiki gaisha) is a construction and real estate engaged company based in Japan. Its headquarters are in Minato-ku, Tokyo.[1] The company is listed on the Tokyo and Nagoya Stock Exchange and is a constituent of the TOPIX Large70[3] stock index.
Originally founded in Nagoya in 1974, Daito built factories, warehouses and shops in the suburbs for landowners. From 1980, the company set up a mechanism to protect against the loss of rental payments for properties vacated early for those companies that paid membership fees.
From the late 1970s, Daito began to expand and in the early 1980s expanded to many regions of Japan: Osaka, Fukuoka, Yokohama, Sendai, and Shizuoka.
In 1992, the Productive Green Land Act made it possible to build rental housing in urban areas and Daito shifted its focus to residential property.
In 2006, Daito introduced the Lease Management Trust System when changes in laws required landlords to cover most of the costs of rehabilitating a property. Under this system, the company covered the costs of rehabilitation and repairs and leased the entire building under 30-year contracts.
In the following years, Daito expanded its business in property leasing and management, asset utilization and succession planning. Especially after the 2015 revision of the Inheritance Act, when property rental became an effective way to reduce inheritance tax.[4]
On 1 March 2024, Daito Trust Construction, together with Mizuho Seicho Shien Fund 5 (a fund managed by Mizuho Capital Co. Ltd.), Hakuhodo DY Future Design Fund (a fund managed by Hakuhodo DY Ventures Inc.) and Vector Inc. invested ¥350 million in Unito, Inc.in a financing round. The total funding amount is ¥900 million.[5]
Overview
The company operates in four business segments. The construction segment is engaged in the planning, design and construction of contracted works; the real estate segment is engaged in the brokerage, management and leasing of real estates; the financial segment is involved in the construction loan business and fire reinsurance business; the others segment is engaged in the sale of fuel, the operation of day service centers and hotels, the printing and delivery of documents, the investment in hotel companies and cultivation of agricultural produce.[6][7][8]
