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ORGANIZATION AND BUSINESS
12 Months Ended
Jun. 30, 2023
ORGANIZATION AND BUSINESS  
ORGANIZATION AND BUSINESS

1.ORGANIZATION AND BUSINESS

Organization and Description of the Business

Lead Real Estate Co., Ltd, together with its wholly owned subsidiaries (the “Company” or “Lead Real Estate”), is headquartered in Tokyo, Japan. The Company is a developer of luxury residential properties, including single-family homes and condominiums, across Tokyo, Kanagawa prefecture, and Sapporo. In addition, the Company operates hotels in Tokyo and leases apartment building units to individual customers in Japan and Dallas, Texas.

The consolidated financial statements of the Company include Lead Real Estate and the entities below:

    

    

    

Percentage of

    

Date of Incorporation or

    

Place of

direct or indirect 

Name

    

Acquisition

    

Incorporation

    

economic ownership

Subsidiaries

 

  

 

  

 

  

Lead Real Estate Global Co., Ltd (“LRE Dallas”)

 

September 2017

 

Texas

 

100% by Lead Real Estate

Lead Real Estate HK Co., Limited (“LRE HK”)

 

February 2014

 

Hong Kong

 

100% by Lead Real Estate

Real Vision Co., Ltd. (“Real Vision”)

 

July 2006

 

Japan

 

100% by Lead Real Estate

Consolidated VIEs

 

 

  

 

  

Lead Real Estate Cayman Limited (“LRE Cayman”)

 

August 2019

 

Cayman Islands

 

100% by CEO

Sojiya Japan K.K.

 

January 2020

 

Japan

 

50% by Lead Real Estate and 50% by CEO

Unconsolidated VIE

 

 

  

 

  

JP Shuhan Co., Ltd. (“JP Shuhan”)

 

January 2020

 

Japan

 

100% by CEO, deconsolidated