Monetization of the Real Estate Business Through Accelerated Sales of Real Estate Held for Sale
First written in FY2018-Q2. 3 of 7 entries say "Restated". Latest entry: FY2022.
Interlife Holdings moved to the "Worse" side of this theme in 2020, 2 years before the typical company in this theme (2022).
The whole theme swung hardest in 2020: 9 of 40 companies on the "Worse" side.
1 other company's latest entry also says "Reframed".
- FY2022ReframedAnnual report
「Regarding the future of the real estate business, the company concluded that it would be desirable to improve capital efficiency by reorganizing the business portfolio of the group.」
The company's direction has shifted from monetizing the business through sales of properties held for sale to transferring the real estate subsidiary itself in order to reorganize the business portfolio and improve capital efficiency. - FY2020SoftenedAnnual report
「Neither company benefited from large brokerage transactions of the kind recorded in the previous fiscal year, and revenue from the real estate business was ¥198 million, down 40.2% year on year.」
No monetization through sales of properties held for sale was reported during the fiscal year, while the disclosure noted a decline in real estate business revenue due to the absence of large brokerage transactions. - FY2019RestatedAnnual report
「Although there were no large-scale sales of properties held for sale of the kind conducted in the previous fiscal year, 株式会社ラルゴ・コーポレーション performed solidly, supported by the capture of demand from overseas customers and other factors. As a result, revenue from the real estate business was ¥331 million, down 82.0% year on year.」
With no large-scale sales of properties held for sale, brokerage performance at Largo is serving as a source of revenue through the capture of demand from overseas customers. Revenue was down 82.0% year on year. - FY2019-Q3RestatedAnnual report
「Although there were no large-scale sales of properties held for sale of the kind conducted in the previous fiscal year, 株式会社ラルゴ・コーポレーション performed solidly, supported by the capture of demand from overseas customers and other factors. As a result, revenue from the real estate business was ¥289 million, down 83.1% year on year.」
With no large-scale sales of properties held for sale, the real estate brokerage company is being supported by demand from overseas customers. Revenue was ¥289 million, down 83.1% year on year. - FY2019-Q2SoftenedAnnual report
「In the real estate business, there were no large-scale sales of properties held for sale of the kind conducted in the previous fiscal year, but the performance of the real estate brokerage company remained solid.」
There were no large-scale sales of properties held for sale during the quarter, unlike in the previous fiscal year, and monetization through sales weakened. Meanwhile, the real estate brokerage business was described as solid. - FY2018-Q3RestatedAnnual report
「Revenue exceeded that of the same quarter of the previous year, owing to stable rental income from properties held and sales of properties held for sale. As a result, revenue from the real estate business was ¥1,717 million, up 658.3% year on year.」
The company continues to monetize the business through stable rental income and sales of properties held for sale. Revenue was ¥1,717 million, up 658.3% year on year, but no changes to plans, such as bringing forward additional sales, were disclosed. - FY2018-Q2First statedAnnual report
「In the company's real estate business, sales exceeded the same quarter of the previous year, partly because sales of properties held for sale that had been scheduled for the second half were brought forward.」
The company brought forward sales of properties held for sale that had been scheduled for the second half, resulting in real estate business revenue of ¥1,677 million, up 1,085.9% year on year. In addition to stable rental income, sales of properties held are presented as a means of monetization.