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Explanatory Materials for Financial Results for the Nine Months Ended September 30, 2024 Fiscal Year Ending December 31, 2024
Securities Code ：8929
Aoyama Zaisan Networks Co., Ltd.
November 14, 2024
© 2024 Aoyama Zaisan Networks Group
Topics of Financial Results for the Nine Months
Topic 01
Topic 02
AZN Group's Acceptance of Chester Group
Acquisition of treasury stock
© 2024 Aoyama Zaisan Networks Group | 1 |
Topic 01 AZN Group's Acceptance of Chester Group
Key Point
AZN Group merged Chester Co., Ltd., Chester Life Partner Co., Ltd., Chester
Consulting Co., Ltd. and Urban Crest Co., Ltd.,
also formed business alliance with Chester Judicial Scrivener Corporation, Chester
Administrative Scrivener Corporation, and Chester Tax Corporation.
AZN Group aims to further enhance and expand its business as a "pioneer of the
business for the wealthy" by accepting Chester Group.
© 2024 Aoyama Zaisan Networks Group | 2 |
Overview of Chester Group
Chester Group is a group of experts related to inheritance.
The group has 14 offices nationwide and filed 2,373 inheritance tax returns in FY2023, one of the highest in the industry.
Representative | Masaaki Fukutome, Yoshihiro Aramaki | |||
Founded | June 2, 2008 | Annual results | 2,373 cases (actual results in FY2023) | |
No. of | About 386 (in total) / About 268 (Chester Tax Corporation (non-consolidated)) As of November 2024 | |||
employees | ||||
Locations | 14 locations nationwide (9 locations in Kanto, Osaka, Nagoya, Fukuoka, Kobe, Kyoto) | |||
© 2024 Aoyama Zaisan Networks Group | 3 |
Changes in Chester Tax Corporation's Annual Number of Estate Tax Returns
The company has achieved significant growth since its foundation in 2008, with the goal of achieving 5,000 cases per year by FY2028.
Changes in Chester Tax Corporation's annual number of estate tax returns | Goal for FY2028 |
5,000 cases
2221 2373 | ||||||||||||||||||||
1519 | 1724 | |||||||||||||||||||
1210 1358 | ||||||||||||||||||||
1008 | ||||||||||||||||||||
706 | ||||||||||||||||||||
264 | 472 | |||||||||||||||||||
51 | 103 | 126 | 138 | 173 | 228 | |||||||||||||||
2008 | 2009 | 2010 | 2011 | 2012 | 2013 | 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | 2027 | 2028 |
© 2024 Aoyama Zaisan Networks Group | 4 |
Chester Tax Corporation's Customer Referral Routes and Asset Size
- Chester Group's customer referral channels are diverse and its strength is that they are not dependent on any specific route.
- AZN's referral channels are centered on financial institutions such as megabanks, regional banks, and credit unions, but Chester Group has a variety of referral channels, including websites, the professional services industry, and securities companies.
Customers' Asset Size | |||||||
Customer Referral Routes | |||||||
FY2023 | |||||||
Other | 1 million | ||||||
Projects over 500 million yen | Over 500 | ||||||
9％ | 190 cases | Million | yen or | ||||
less | |||||||
yen | 8％ | ||||||
Professional | 8％ | ||||||
Financial | |||||||
200-500 | |||||||
business | |||||||
institutes | |||||||
37％ | million yen | ||||||
22％ | |||||||
24％ | |||||||
Attracting |
customers via | |
the web | 100-200 million yen |
32％ | |
59％ | |
Total: 2,373 cases (Number of inheritance tax returns received and filed by Chester Tax Corporation in FY2023)
© 2024 Aoyama Zaisan Networks Group | 5 |
Synergies from the Acceptance of Chester Group
01
02
03
04
05
Increasing opportunities to provide estate consulting services to those who have completed their estate tax returns
Providing inheritance tax returns and additional services related to inheritance procedures to our financial institutions and other clients
Increasing opportunities to provide prenatal estate consulting services
By bringing people with strengths in estate tax returns and inheritance procedures into AZN Group, growth is expected to be accelerated through the enhancement of the Group's human capital
AZN Group consists of 435 employees, but with the acceptance of Chester Group, the group now has 821 employees
With the anticipated growth of Chester Group, we expect to generate a return on our investment well in excess of the cost of capital.
We also plan to further increase investment returns by realizing the above synergies as soon as possible.
6
Topics 02 | Acquisition of Treasury Stock |
Total number of shares | 1,250,000 shares (at most) |
acquired | (Percentage of total number of shares issued (excluding treasury |
stock: 5.12%) |
Total amount of shares | |
acquired | 2,100 million yen (at most) |
Acquisition period | November 15, 2024 - May 14, 2025 |
① Implementation of M&A and capital and business alliances for growth | |
Reasons for acquisition | ②Strengthening partnerships with close business partners |
③Retirement of treasury stock for the purpose of returning profits to | |
shareholders | |
④Utilization in incentive plans |
© 2024 Aoyama Zaisan Networks Group | 7 |
The ideal way of doing business Aoyama Zaisan Networks is aiming for:
"To be a leading expert on the business for the wealthy"
Clients | ||
Wealthy people who own | ||
Long-term | land | |
Consultants | trusting relationship | Business owners |
Financial asset owners
Wealth advisors who provide advice on a holistic view of various assets.
Client partners who can consult more than anyone else and help clients solve their problems.
© 2024 Aoyama Zaisan Networks Group | 8 |
Contents
1 Financial Results for the Nine Months Ended September 30, 2024
- Shareholder Return Policy
3 Appendix
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