Lifull: Strong Business Model, Momentum Picking Up, Mitula Acquisition Looks Opportunistic

Lifull (2020 JP): Downward Revision Precipitates 8.7% Selloff But MTP Is Still Achievable

Mitula/Lifull Deal - Push Is Coming To Shove

Director, Pearl Hill Advisors

Nicholas Tanner

Director

Pearl Hill Advisors

Equity Bottom-Up

<ul>
<li>Next Co is a real estate internet company operating a website called “Homes” <a href="http://www.homes.co.jp/" target="_blank">http://www.homes.co.jp/</a> . It is similar to Rightmove (UK), Zoopla (UK) or Zillow (US). It essentially amalgamates real estate broker offerings into one site and takes a fee. It is the largest such operator in Japan and set up its internet site in 1997 by the President (owns 30%) who initially worked as a condominium salesman.</li>
<li>There are some 50m houses in Japan. Some 2.5m households relocate annually, either to rent or to…</li>
</ul>


Next Co is a real estate internet company operating a website called “Homes” http://www.homes.co.jp/ . It is similar to Rightmove (UK), Zoopla (UK) or Zillow (US). It essentially amalgamates real estate broker offerings into one site and takes a fee. It is the largest such operator in Japan and set up its internet site in 1997 by the President (owns 30%) who initially worked as a condominium salesman.
There are some 50m houses in Japan. Some 2.5m households relocate annually, either to rent or to…


日本の「Rightmove」は引き続き力強い成長が見込まれる。

LIFULL

日本の「Rightmove」は引き続き力強い成長が見込まれる。