According to the Asahi Shimbun, Kanden Reality & Development (KRD), which is involved in housing and other businesses, will more than double its investment in overseas operations by 2035. Starting this month, the "Overseas Business Department" has been upgraded to a headquarters to strengthen its authority and enable quick decision-making.
President Kenichi Fujino said, "We will focus on overseas business where investment efficiency is high, even if we have to take risks. The reorganization is also an expression of our intention to move to the next phase.” The company launched its overseas business in 2017. The company has been involved in residential development and real estate investment in the United States, Australia, and Southeast Asia, where population expansion and economic growth are remarkable, and has been involved in about 40 projects to date. The company has recently decided to develop a project in the U.S, and it plans to increase its investments from approximately 59 billion yen (stock basis) at the end of fiscal 2023 to 130 billion yen, 2.2 times the current amount, by fiscal 2035. https://digital.asahi.com/articles/ASS4C2JWPS4CPLFA003M.html
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