RE:RE:Prospect Co., Ltd. Disposes of Common Shares...UHHHH?!?! SO I looked up Prospect Co. LTD (3528 JP) to see what they do . Bloomberg has them as real estate developers.
Reuters has a far more detailed descriptiion .; the division that owns the shares seems to be pretty minor.
Prospect Co., Ltd. is a Japan-based company mainly engaged in the real estate related business. The Company has six business segments. The Real Estate Sales-Condominium Sales segment is engaged in the construction and sale of condominiums. The Real Estate Sales-Land and Buildings segment is engaged in the sale of residential land and detached houses, and whole buildings. The Real Estate Sales-Order Houses segment is engaged in the construction and renovation of detached houses. The Asset Management segment is engaged in the provision of investment management and research services for Japanese equities, and real estate investment advisory services. The Construction segment is engaged in the provision of promotion works and prestressed concrete (PC) works. The Renewable Energy segment is engaged in the sale of electricity from solar power generation, the development of power plants, and biomass power generation related business. The Company is also engaged in the leasing of real estate.
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