Daikyo Inc.

• Public
• JP

Dow Jones Description

Daikyo builds Tokyo! Daikyo Incorporated (TYO: 8840), founded in 1964, and with a presence in Japan and Australia, is a real estate company active in the sale and leasing of apartments, office buildings and the execution of construction works. It is also involved in the mediation and management of real estate properties. The company, headquartered in Tokyo, Japan, has revenue of $4.2 billion and employs about 3,700 people. It has sold about 300,000 of its trademark Lions Mansion condominiums. The company received financial support from Industrial Revitalization Corporation Japan (IRCJ), of about $1billion in debt forgiveness and a debt-equity swap of approximately $280 million from financial institutions. The company reduced capital approximately 99.2%, and retired 50% of outstanding preferred stock. In addition, the company concluded a capital alliance contract with ORIX Corporation, under which it made a third-party allocation of shares amounting to approximately $210 million to ORIX in March 2005. This made ORIX the largest shareholder of the company, with approximately 44% of its shares. In April 2005, it used the funds obtained from ORIX to repay the remaining debt of approximately $200 million held by IRCJ, with the result that the company's debt to IRCJ has been paid in full.

President & CEO

Number of Employees 1,800

Contact Information

Peer Companies

• Daikyo Inc.
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