Leopalace21 final deficit of 17.5 billion yen in interim settlement of accounts November 13, 18:05
Leopalace21, which was found to have a series of construction defects such as apartments, posted a final deficit of 17.5 billion yen in the interim settlement of accounts until September.
With the support of the fund, we plan to complete the renovation work of 2,000 units by the end of the year among the properties that were found to be defective.
Leopalace21 announced on the 13th that the group-wide interim results for the six months to September showed sales of 208.6 billion yen, a 5% decrease from the same period last year, and a final loss of 17.5 billion yen. did.
This is because the cost of renovating properties that were found to be inadequately constructed has increased and the occupancy rate of rental apartments has been sluggish. At the end of September, the debt exceeded the assets and the debt exceeded 17.1 billion yen.
In September, we received approximately 57.2 billion yen from a fund under the SoftBank Group, and we are currently resolving insolvency.
Leopalace21 has a policy of allocating more than 34 billion yen of the support from the fund to the renovation of the property. I want to rebuild it.