I'm typing out selected portion of the article for forumers's view (no time to type all) :

The company finally found its destiny when it acquired 68% of specialist home builder KHC in March 2005 for $65.4million, in a deal that was financed by bank loans and bond insurances. ?it took us two years to improve Katsumi, and our own people run it now,? says Meno. ?We now believe that we have developed a good package in that company.? For the FY ended March 2007, Japan Land reported a rise of about 17% in net profit from $9.4 million to $11 million, driven by expanding business at KHC.

 

Meno expects KHC to continue making progress on its own, helped along by a modest recovery in Japan?s property sector. ?Personally speaking the market will not sharply rebound in the near future,? says Meno. ?It has been, and will remain, a bit dull, displaying small and steady growth.? In general, small and medium-sized homebuilders in Japan do not sit on large landbanks, a practice that developed during the property market?s meltdown over the past 15 years. Instead, they quickly build and sell homes on any land they acquire. That could change, however, if Japan?s residential property market stages a sustained recover, potentially boosting profit margins of homebuilders like KHC.

 

?After improvement in the corporate sector, the salary for employees has been improving,? says Takeshi Akagi, associate director of research and advisory at Jones Lang LaSalle. ?As consumers are more ale to pay their rent for housing, the value of residential properties will rise accordingly. However, considering the the value of residential property is stable by nature, the pace at which it rises will be slow, and not drastic, unlike office space.?

 

The Japanese Ministry of Land, Infrastructure and Transportation survey of 2006 revealed that land prices rose 0.6% in Kobe and 2.3% in Osaka. Osaka is located a few hours? drive from Kobe, and the two cities are in the Kansai region.

 

With their strongest arm able to run on its own steam, Japan Land now has the flexibility to look into other areas of expansion. ?Katsumi is a self-operating unit now and is growing well on its own,? says Teh, the CFO. ?So we are looking into other areas that do not require as much capital but offer better returns.?

 

 That could help boost Japan Land?s improving bottom line further, and stoke up investor interest in the company. Shares in Japan Land have doubled since 2005 when the company acquired KHC, and was trading at nine cents last week. The stock closed at nine cents last week. It doesn?t currently have any analyst coverage.

 

 ?The market sees Japan Land as Katsumi, but we are more than that,? says Teh. ?We have decided to diversify and we plan to keep doing so, as it is an important part of our plans and our strategy.?

vested. Happy reading and hope all rewarded...   But need to have patience...

[error] 

I've been trying so hard to get into Japan Land since 6 months ago, but no chance... 

the queue is simply too long... :) 

I've been trying so gard to get into Japan Land since 6 months ago, but no chance... 

the queue is simply too long... :)