Regarding the real estate investment product "Minna de Okanouchi," Osaka Prefecture on the 1st revoked the license of the operating company, Toshi Soken Invest Fund, under the Real Estate Specified Joint Enterprise Act, citing that it provided false explanations to investors and caused them harm. Tokyo also revoked the business license of its subsidiary, Minna de Okanouchi Sales, on the same day. As a result, both companies will be unable to reacquire licenses for five years, and new business will be halted. Osaka Prefecture pointed out that Toshi Soken had fallen into a debt excess of 288.1 billion yen in the fiscal year ending March 2026, leading to delays in redemption, and that it had solicited investments while concealing the fact that real estate rents were not being collected. Toshi Soken commented that it will continue to take necessary measures to properly conclude existing contracts.
Tokyo revoked the business license of subsidiary Minna de Okanouchi Sales, halting new business and barring relicensing for five years.
Osaka Prefecture revoked Toshi Soken Invest Fund's license under the Real Estate Specified Joint Enterprise Act for false investor explanations, halting new business for five years.
