Strengthening the stable earnings base through rental property acquisitions, in-house development and portfolio rotation
First written in FY2018. 10 of 24 entries say "Advanced", first in FY2019. Latest entry: FY2026.
0 other companies' latest entry also says "Other".
- FY2026Updated real estate revenue, profit and asset rebalancingAnnual report
「Revenue for this segment decreased 5.9% year on year to ¥25,487 million, mainly due to a decline in the sales business, while segment profit increased 3.4% to ¥7,730 million, mainly reflecting higher profit from the sales business.」
The asset value-added business saw revenue decline following a review of the sales business, while profit increased. In rental and other real estate, asset disposals and transfers to real estate held for sale also progressed. - FY2026-H1WorsenedAnnual report
「④ Asset Value-Add Business This segment consists primarily of sales of owned properties and rental income. Segment sales decreased 39.4% year on year to ¥7,643 million, mainly due to a decline in the property sales business, while segment profit decreased 71.7% to ¥1,156 million, primarily due to the decline in sales from the property sales business.」
The Asset Value-Add Business continued to be based on sales of owned properties and rental income, but sales decreased 39.4% and segment profit decreased 71.7% due to the decline in the property sales business. - FY2025-H1WorsenedAnnual report
「④ Asset Value-Add Business This segment consists primarily of sales of owned properties and rental income. Segment sales decreased 36.3% year on year to ¥12,606 million, mainly due to a decline in the property sales business, while segment profit decreased 39.2% to ¥4,082 million in line with the decline in profit from the property sales business.」
The Asset Value-Add Business continued to be based on sales of owned properties and rental income, but sales decreased 36.3% and segment profit decreased 39.2%. - FY2024AdvancedAnnual report
「As part of its "Circular Reinvestment Model," the Company established 西松プライベートリート投資法人 and began managing it in September 2023. The Company aims to accelerate the evolution of the "Circular Reinvestment Model" through timely asset rebalancing using this investment corporation, while working toward the early achievement of ¥100.0 billion in assets under management in its investment management business.」
The Company established a private REIT as a specific measure under its Circular Reinvestment Model and began managing it in September 2023. It aims to achieve ¥100.0 billion in assets under management at an early stage. - FY2024-Q3Third-quarter Asset Value-Add Business results updatedAnnual report
「④ Asset Value-Add Business This segment consists primarily of sales of owned properties and rental income. Segment sales decreased 16.5% year on year to ¥23,058 million, while segment profit decreased 23.9% to ¥7,497 million.」
The Asset Value-Add Business continued to be based on sales of owned properties and rental income, but sales decreased 16.5% year on year and segment profit decreased 23.9%. - FY2024-Q2Second-quarter Asset Value-Add Business results updatedAnnual report
「④ Asset Value-Add Business This segment consists primarily of sales of owned properties and rental income. Segment sales decreased 3.2% year on year to ¥19,803 million, while segment profit increased 15.4% to ¥6,715 million.」
The Asset Value-Add Business continued to be based on sales of owned properties and rental income. Sales declined, but segment profit increased 15.4%. - FY2024-Q1First-quarter Asset Value-Add Business results updatedAnnual report
「④ Asset Value-Add Business This segment consists primarily of sales of owned properties and rental income. Segment sales decreased 49.5% year on year to ¥3,757 million, while segment profit decreased 42.2% to ¥1,127 million.」
The Asset Value-Add Business continued to be based on sales of owned properties and rental income, but both sales and segment profit were below the previous fiscal year's levels. - FY2023AdvancedAnnual report
「During the consolidated fiscal year under review, the Company invested ¥26.4 billion on a consolidated basis in acquiring land and buildings for its rental business and constructing in-house development properties, among other activities.」
Investment in rental property acquisitions, in-house development and other activities was updated to ¥26.4 billion on a consolidated basis. In the Development and Real Estate Businesses, etc., sales amounted to ¥32.7 billion and segment profit to ¥10.3 billion, due in part to the sale of properties held for sale. - FY2023-Q3AdvancedAnnual report
「③ Development and Real Estate Businesses, etc. This segment consists primarily of sales of owned properties and rental income. Segment sales increased 147.1% year on year to ¥27,685 million due in part to the sale of some properties held for sale, while segment profit increased 260.7% to ¥9,366 million.」
The sale of some properties held for sale and other factors resulted in a 147.1% year-on-year increase in sales and a 260.7% increase in segment profit in the Development and Real Estate Businesses, etc. - FY2023-Q2AdvancedAnnual report
「③ Development and Real Estate Businesses, etc. This segment consists primarily of sales of owned properties and rental income. Segment sales increased 189.0% year on year to ¥20,501 million due in part to the sale of some properties held for sale, while segment profit increased 266.1% to ¥5,485 million in line with the increase in sales.」
The sale of some properties held for sale and other factors resulted in a 189.0% year-on-year increase in sales and a 266.1% increase in segment profit in the Development and Real Estate Businesses, etc. The performance of the revenue base generated through the sale and rental of owned properties was updated. - FY2023-Q1AdvancedAnnual report
「③ Development and Real Estate Businesses, etc. This segment consists primarily of sales of owned properties and rental income. Segment sales increased 81.4% year on year to ¥7,471 million due in part to the sale of some properties held for sale, while segment profit increased 74.2% to ¥1,769 million in line with the increase in sales.」
The sale of some properties held for sale and other factors resulted in an 81.4% year-on-year increase in sales and a 74.2% increase in segment profit in the Development and Real Estate Businesses, etc. - FY2022-Q3Third-quarter rental and real estate business results updatedAnnual report
「③ Development and Real Estate Businesses, etc. This segment consists primarily of sales of owned properties and rental income. Segment sales increased 20.6% year on year to ¥11,205 million due in part to the sale of some properties held for sale, while segment profit increased 1.2% to ¥2,596 million.」
The sale of some properties held for sale and other factors resulted in a 20.6% year-on-year increase in sales and a 1.2% increase in segment profit in the Development and Real Estate Businesses, etc. - FY2022-Q2Second-quarter rental and real estate business results updatedAnnual report
「③ Development and Real Estate Businesses, etc. This segment consists primarily of sales of owned properties and rental income. Segment sales increased 33.8% year on year to ¥7,094 million due in part to the sale of some properties held for sale, while segment profit increased 16.0% to ¥1,498 million.」
The sale of some properties held for sale and other factors resulted in a 33.8% year-on-year increase in sales and a 16.0% increase in segment profit in the Development and Real Estate Businesses, etc. - FY2022-Q1AdvancedAnnual report
「③ Development and Real Estate Businesses, etc. This segment consists primarily of sales of owned properties and rental income. Segment sales increased 60.3% year on year to ¥4,118 million due in part to the sale of some properties held for sale, while segment profit increased 51.9% to ¥1,016 million in line with the increase in sales.」
The sale of some properties held for sale and other factors resulted in a 60.3% year-on-year increase in sales and a 51.9% increase in segment profit in the Development and Real Estate Businesses, etc. - FY2021AdvancedAnnual report
「Segment sales increased 24.2% year on year to ¥12,249 million, while segment profit increased 70.4% to ¥3,347 million.」
Sales and segment profit in the Development and Real Estate Businesses, etc. increased on rental income and other revenue. Investment during the fiscal year in acquiring land and buildings for the rental business and constructing in-house development properties, among other activities, amounted to ¥17.9 billion. - FY2021-Q3Third-quarter rental business results updatedAnnual report
「③ Development and Real Estate Businesses, etc. This segment consists primarily of rental income from properties owned by the Group. Segment sales increased 56.1% year on year to ¥9,288 million as large-scale rental properties commenced operations, while segment profit increased 98.0% to ¥2,853 million.」
The commencement of operations at large-scale rental properties resulted in a 56.1% year-on-year increase in sales and a 98.0% increase in segment profit in the Development and Real Estate Businesses, etc. The operating results of the stock-based revenue base generated by the rental business were updated. - FY2021-Q2Second-quarter rental business results updatedAnnual report
「③ Development and Real Estate Businesses, etc. This segment consists primarily of rental income from properties owned by the Group. Segment sales increased 32.9% year on year to ¥5,302 million as large-scale rental properties commenced operations, while segment profit increased 48.3% to ¥1,482 million.」
The commencement of operations at large-scale rental properties resulted in a 32.9% year-on-year increase in sales and a 48.3% increase in segment profit in the Development and Real Estate Businesses, etc. - FY2021-Q1AdvancedAnnual report
「③ Development and Real Estate Businesses, etc. This segment consists primarily of rental income from properties owned by the Group. Segment sales increased 27.0% year on year to ¥2,569 million as large-scale rental properties commenced operations, while segment profit increased 34.2% to ¥769 million.」
Large-scale rental properties commenced operations, resulting in a 27.0% year-on-year increase in sales and a 34.2% increase in segment profit in the Development and Real Estate Businesses, etc. The results of the stock-based revenue base generated by the rental business were reported. - FY2020AdvancedAnnual report
「In the current fiscal year, we invested ¥20 billion in acquiring land and buildings for the rental business and constructing self-developed properties.」
Annual investment in expanding the stock-based revenue base through rental property acquisitions and the construction of in-house development properties amounted to ¥20.0 billion. - FY2019AdvancedAnnual report
「During the fiscal year under review, the Company invested ¥19.5 billion in acquiring land and buildings for its rental business and constructing in-house development properties, among other activities.」
In connection with expanding the portfolio through rental property acquisitions and in-house development, annual investment amounted to ¥19.5 billion. - FY2018First statedAnnual report
「The Company owns rental properties and operates a rental business in the Tokyo metropolitan area and other regions. In addition to actively pursuing redevelopment and in-house development projects, the Company acquires and sells properties as appropriate to rebalance its portfolio. During the fiscal year under review, the Company invested ¥16.9 billion in acquiring land and buildings for its rental business and constructing in-house development properties, among other activities.」
The Company rebalanced its portfolio through rental property acquisitions, in-house development, redevelopment, and the acquisition and sale of owned properties, investing ¥16.9 billion during the fiscal year under review.