Tenant Requests for Rent Reductions and Rental Business Risk Management for Subleased Properties
First written in FY2020. 2 of 4 entries say "Restated". Latest entry: FY2025.
The whole theme swung hardest in 2024: 5 of 15 companies on the "Worse" side.
8 other companies' latest entry also says "Restated".
- FY2025RestatedAnnual report
「The company, including its subsidiaries, will steadily expand its portfolio of managed buildings and properties under leasing management, improve the quality of maintenance and repair services, and enhance added value by proposing equipment upgrades and energy-saving measures. It will also actively pursue real estate brokerage and focus on more sophisticated risk management, including securing appropriate rents under sublease agreements and addressing vacancies.」
The company continues to expand its managed-property portfolio, improve the quality of maintenance and repair services, propose equipment upgrades and energy-saving measures, and manage real estate risks by securing appropriate rents and addressing vacancies. - FY2024RestatedAnnual report
「In this environment, the company will work to strengthen risk management in the leasing business by realizing synergies with NIKKEN KIKAKU Co., Ltd., whose main business is leasing brokerage and which became a wholly owned subsidiary on 1 July 2024, responding promptly and appropriately to tenant departures from subleased properties or requests for rent reductions, and improving income and expenditure through appropriate management of the rents it pays.」
In addition to addressing tenant departures, requests for rent reductions, and optimization of the rents it pays for subleased properties, the company identifies the realization of synergies with NIKKEN KIKAKU as an issue for the leasing business. - FY2022WorsenedAnnual report
「The company must continue to strengthen risk management in the leasing business by responding promptly and appropriately to tenant departures from subleased properties or requests for rent reductions in certain industries as the COVID-19 pandemic continues, as well as by improving income and expenditure through appropriate management of the rents it pays.」
In addition to tenant requests for rent reductions, the company has specified tenant departures due to the prolonged pandemic and optimization of the rents it pays as risk management priorities. - FY2020First statedAnnual report
「As the end of the COVID-19 pandemic remains unforeseeable, the company must respond promptly and appropriately to requests from tenants of subleased properties for rent reductions, while strengthening its management of risks in the leasing business arising from an economic downturn.」
Against the backdrop of COVID-19 and the economic downturn, the company has identified tenant requests for rent reductions at subleased properties and leasing business risk management as new issues.