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…


Japan's "Rightmove" Should Continue to See Strong Growth.

LIFULL

Japan's "Rightmove" Should Continue to See Strong Growth.