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Tsuchiya Holdings (1840) · PolicyLower revenue and profit continuedLatest Earnings (2026-09-14): "Other"

Securing Stable Rental Income

First written in FY2016-Q2. 6 of 34 entries say "Advanced", first in FY2017-Q1. Latest entry: 2026-09-14.

34entries
11years
1from disclosures
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How it moved
ProgressHeldSoftenedWorseOtherFY2018-Q2 – FY2020OtherFY2022-Q2 – 2026-09-142016: 220162017: 420172018: 320182019: 420192020: 420202021: 420212022: 320222023: 420232024: 220242025: 220252026: 22026
Same theme, other companies
Building the real estate and rental housing business into a core earnings driverA theme 42 companies write about · 4 as a headwind · 39 as a tailwind

The whole theme swung hardest in 2025: 4 of 30 companies on the "Worse" side.

6 other companies' latest entry also says "Other".

Ridges = years it wrote progress, valleys = years it wrote worse. Most hopeful companies at the back. Drag to turn, scroll to zoom, right-drag to pan. On a phone, two fingers turn and pinch to zoom; one finger scrolls the page.
Showing 14 of the 42 companies compared. The sentences above are computed from all 42.
Full recordFilings, disclosures and news, newest first
  1. 2026-09-14OtherEarnings

    「In the rental business, net sales declined 5.4% year on year to ¥352 million, while operating profit declined 32.4% to ¥47 million.」

    The rental business reported lower net sales and operating profit than in the same period of the previous year.
  2. FY2026-H1Lower revenue and profit continuedAnnual report

    「In the rental business, revenue was ¥228 million, down 4.8% year on year, while operating profit was ¥25 million, down 32.4%.」

    The rental business posted a 4.8% decline in revenue and a 32.4% decline in operating profit, continuing the year-on-year declines in both revenue and profit.
  3. FY2025-H1Revenue and Profit DeclineAnnual report

    「In the rental business, revenue was ¥239 million, down 3.0% year on year, while operating profit was ¥37 million, down 8.8%.」

    The rental business posted a 3.0% decline in revenue and an 8.8% decline in operating profit.
  4. FY2024Lower revenue and profit continuedAnnual report

    「In the rental business, revenue was ¥512 million, down 5.0% year on year, while operating profit was ¥100 million, down 25.3%.」

    The rental business continued to post lower revenue and profit, with revenue down 5.0% and operating profit down 25.3%.
  5. FY2024-Q2Revenue and Profit DeclineAnnual report

    「In the rental business, revenue was ¥247 million, down 5.5% year on year, while operating profit was ¥41 million, down 41.6%.」

    The rental business posted a 5.5% decline in revenue, while operating profit also declined 41.6%.
  6. FY2024-Q1Revenue and earnings declineAnnual report

    「In the rental business, revenue was ¥113 million, down 7.5% year on year, while operating profit was ¥17 million, down 55.5%.」

    The rental business posted a 7.5% decline in revenue, while operating profit also declined 55.5%.
  7. FY2023-Q3Slightly lower revenue; lower profitAnnual report

    「In the rental business, revenue was ¥404 million, down 0.2% year on year, while operating profit was ¥131 million, down 10.8%.」

    The rental business posted a 0.2% decline in revenue, while operating profit declined 10.8%.
  8. FY2023-Q2Slightly higher revenue; lower profitAnnual report

    「In the rental business, revenue was ¥261 million, up 0.4% year on year, while operating profit was ¥71 million, down 23.2%.」

    The rental business posted a 0.4% increase in revenue, while operating profit declined 23.2%.
  9. FY2023-Q1Revenue growth and profit declineAnnual report

    「Revenue from the rental business was ¥123 million, up 1.7% year on year, while operating profit was ¥38 million, down 13.8%.」

    Revenue from the rental business increased, while operating profit declined 13.8%.
  10. FY2022Lower revenue and profit due to the pullback from large repair and maintenance projectsAnnual report

    「Revenue from the rental business was ¥624 million, down 5.6% year on year, due to a decline following the large repair and maintenance project revenue recorded in the previous fiscal year. Operating profit was ¥142 million, down 10.3%.」

    The pullback from large repair and maintenance projects in the previous fiscal year resulted in a 5.6% decline in rental-business revenue and a 10.3% decline in operating profit.
  11. FY2022-Q3Lower revenue and profit due to the pullback from large repair and maintenance projectsAnnual report

    「Revenue from the rental business was ¥451 million, down 9.9% year on year, due to a decline following the large repair and maintenance project revenue recorded in the previous fiscal year. Operating profit was ¥110 million, down 18.3%.」

    The pullback from large repair and maintenance project revenue in the previous fiscal year resulted in a 9.9% decline in rental-business revenue and an 18.3% decline in operating profit.
  12. FY2022-Q2Revenue and Profit DeclineAnnual report

    「Revenue from the rental business was ¥294 million, down 6.8% year on year, while operating profit was ¥81 million, down 8.3%.」

    Revenue from the rental business declined 6.8%, and operating profit fell 8.3%.
  13. FY2021AdvancedAnnual report

    「As a large proportion of our properties are residential, we will further promote the streamlining of rental property management as a stable earnings base by pursuing greater operational efficiency through DX and improving profitability. We will also work to strengthen the foundation of our existing businesses by enhancing services for corporate customers rather than focusing solely on individuals.」

    To secure stable earnings, the company outlined the DX-driven streamlining of rental property management and the strengthening of services for corporate customers over those for individuals.
  14. FY2021-Q3AdvancedAnnual report

    「Revenue from the rental business was ¥500 million, up 9.7% year on year, due to higher revenue from repair and maintenance work. Operating profit was ¥134 million, up 30.0%, due to lower selling, general and administrative expenses.」

    Higher repair and maintenance-work revenue and lower selling, general and administrative expenses resulted in a 9.7% increase in rental-business revenue and a 30.0% increase in operating profit.
  15. FY2021-Q2AdvancedAnnual report

    「Revenue from the rental business was ¥316 million, up 16.7% year on year, due to higher revenue from repair and maintenance work. Operating profit was ¥88 million, up 187.9%, due to lower selling, general and administrative expenses.」

    Higher repair and maintenance-work revenue and lower selling, general and administrative expenses resulted in a 16.7% increase in rental-business revenue and a 187.9% increase in operating profit.
  16. FY2021-Q1AdvancedAnnual report

    「Revenue from the rental business was ¥154 million, up 12.3% year on year, due to higher revenue from repair and maintenance work. Operating profit was ¥47 million, up 18.3%.」

    Higher repair and maintenance-work revenue resulted in a 12.3% increase in rental-business revenue and an 18.3% increase in operating profit.
  17. FY2020Fewer units under management following the sale of rental properties; lower revenue and profitAnnual report

    「In the rental business, the number of units under management declined year on year due partly to the partial sale of rental properties. Revenue from this business was ¥575 million, down 8.6% year on year, due mainly to lower rental income and revenue from repair and maintenance work. Operating profit was ¥133 million, down 8.7%.」

    The number of units under management declined following the partial sale of rental properties, resulting in an 8.6% decline in revenue and an 8.7% decline in operating profit.
  18. FY2020-Q3Flat revenue; lower profit due to personnel expenses and other costsAnnual report

    「Revenue from the rental business was ¥456 million, unchanged year on year, while operating profit was ¥103 million, down 21.2%, due to higher selling, general and administrative expenses, including personnel expenses.」

    Revenue from the rental business was flat, down 0.0% year on year, while operating profit declined 21.2% due to higher selling, general and administrative expenses, including personnel expenses and other costs.
  19. FY2020-Q2Lower revenue and profit; higher personnel expensesAnnual report

    「Revenue from the rental business was ¥271 million, down 11.8% year on year, due to lower revenue from repair and maintenance work. Operating profit was ¥30 million, down 69.0%, due to higher personnel expenses and other costs.」

    As the existing policy of increasing the number of units under management contracts continued, revenue declined 11.8% due to lower repair and maintenance-work revenue and higher personnel expenses and other costs, while operating profit fell 69.0%.
  20. FY2020-Q1Lower revenue and profit; higher personnel expensesAnnual report

    「Revenue from the rental business was ¥137 million, down 11.3% year on year, due to lower revenue from repair and maintenance work. Operating profit was ¥39 million, down 37.1%, due to higher personnel expenses and other costs.」

    As the existing policy of increasing the number of units under management contracts continued, revenue declined 11.3% due to lower repair and maintenance-work revenue and higher personnel expenses and other costs, while operating profit fell 37.1%.
  21. FY2019Lower revenue and profit; continued strengthening of management functionsAnnual report

    「In the rental business, we worked to secure rental properties under management, increase the number of units under management contracts, and strengthen support for property owners. Revenue from this business was ¥630 million, down 6.8% from the previous fiscal year, due to lower revenue from repair and maintenance work. Operating profit was ¥146 million, down 29.8%, due mainly to lower gross profit and higher selling, general and administrative expenses.」

    While continuing to secure properties under management, increase the number of units under management contracts, and support property owners, revenue declined 6.8% due mainly to lower repair and maintenance-work revenue, and operating profit fell 29.8%.
  22. FY2019-Q3Higher number of properties under management, with lower revenue and profitAnnual report

    「In the rental business, we worked to secure rental properties under management, increase the number of units under management contracts, and strengthen support for property owners. Revenue from this business was ¥456 million, down 7.3% year on year, as the number of units under management contracts increased but revenue from repair work declined. Operating profit was ¥131 million, down 25.8%, due mainly to lower revenue from repair and maintenance work and higher selling, general and administrative expenses.」

    While continuing to increase the number of units under management contracts and support property owners, revenue declined 7.3% due mainly to lower repair and maintenance-work revenue, and operating profit fell 25.8%.
  23. FY2019-Q2Higher number of properties under management, with lower revenue and profitAnnual report

    「In the rental business, we worked to secure rental properties under management, increase the number of units under management contracts, and strengthen support for property owners. Revenue from this business was ¥307 million, down 1.6% year on year, as the number of units under management contracts increased but revenue from repair work declined. Operating profit was ¥99 million, down 18.9%, due to lower revenue and higher selling, general and administrative expenses.」

    While continuing to secure properties under management, increase the number of units under management contracts, and support property owners, revenue declined 1.6% due mainly to lower repair-work revenue, and operating profit fell 18.9%.
  24. FY2019-Q1Continued expansion of management functions, with lower revenue and profitAnnual report

    「In the rental business, we worked to secure more rental properties by adding rental management functions at each branch in Hokkaido, thereby seeking to increase the number of properties under management, and strengthened support, including by holding seminars for property owners. ... Revenue in this business was ¥155 million, down 13.1% year on year, due to lower repair and maintenance revenue. Operating profit was ¥63 million, down 6.6% year on year, due to higher selling, general and administrative expenses.」

    Continued adding rental management functions at each branch, increasing the number of properties under management and holding seminars for property owners, while revenue and profit declined due mainly to lower repair and maintenance revenue.
  25. FY2018Revenue and Profit Growth ContinuesAnnual report

    「In the rental business, we worked to strengthen the securing of rental properties. We added rental management functions at each branch in Hokkaido to increase the number of properties under management, and pursued attentive support, including by holding seminars for property owners. ... Revenue in this business was ¥675 million, up 5.7% from the previous fiscal year, partly due to an increase in condominium repair work. Operating profit was ¥208 million, up 6.6% from the previous fiscal year.」

    Continued adding rental management functions at each branch, increasing the number of properties under management and holding seminars for property owners, resulting in higher revenue and profit.
  26. FY2018-Q3Higher revenue and profitsAnnual report

    「In the rental business, revenue was ¥492 million, up 3.2% year on year. Operating profit was ¥177 million, up 26.4% year on year, due to lower selling, general and administrative expenses.」

    Rental-business revenue increased 3.2% and operating profit increased 26.4%. The decrease in selling, general and administrative expenses was cited as a factor behind the increase in profit.
  27. FY2018-Q2Higher revenue and profitsAnnual report

    「In the rental business, we worked to strengthen the securing of rental properties. We added rental management functions at each branch in Hokkaido to increase the number of properties under management, and pursued attentive support, including by holding seminars for property owners. Revenue in this business was ¥312 million, up 2.1% year on year, partly due to higher rental income. Operating profit was ¥122 million, up 19.4% year on year, due to lower selling, general and administrative expenses.」

    Continued adding rental management functions at each branch, increasing the number of properties under management and holding seminars for property owners, resulting in a 2.1% increase in revenue and a 19.4% increase in operating profit.
  28. FY2018-Q1AdvancedAnnual report

    「In the rental business, we worked to strengthen the securing of rental properties. We added rental management functions at each branch in Hokkaido to increase the number of properties under management, and pursued attentive support, including by holding seminars for property owners.」

    Established a new operating structure by adding rental management functions at each branch in Hokkaido, and proceeded with efforts to increase the number of properties under management and hold seminars for property owners. Rental-business revenue increased 11.4% and operating profit increased 33.9%.
  29. FY2017-Q3Higher number of properties under management, with lower revenue and profitAnnual report

    「In the rental business, we newly began handling properties in Hakodate in addition to Sapporo and Kushiro, with the aim of expanding the rental property management business. We also sought to provide attentive support tailored to property owners. Through regular seminars and coordination with our distribution division, the number of properties under management increased compared with the same quarter of the previous year.」

    Continued operations in Hakodate, regular seminars, interdepartmental coordination and efforts to increase the number of properties under management, while revenue decreased 1.2% and operating profit decreased 19.3%.
  30. FY2017-Q2Higher number of properties under management, with lower revenue and profitAnnual report

    「In the rental business, we began handling properties in Hakodate in addition to Sapporo and Kushiro, with the aim of expanding the rental property management business. We also sought to provide attentive support tailored to property owners. Through regular seminars and coordination with the distribution division, the number of properties under management increased compared with the same quarter of the previous year.」

    Continued operations in Hakodate, regular seminars, interdepartmental coordination and efforts to increase the number of properties under management, while rental-business revenue decreased 0.8% and operating profit decreased 9.2%.
  31. FY2017-Q1AdvancedAnnual report

    「In the rental business, we began handling properties in Hakodate in addition to Sapporo and Kushiro, with the aim of expanding the rental property management business. We also sought to provide attentive support tailored to property owners. Through regular seminars and coordination with our real estate division, the number of properties under management increased compared with the same quarter of the previous year.」

    Expanded the areas served by the rental management business to Hakodate and reported an increase in the number of properties under management through regular seminars and coordination with the real estate division.
  32. FY2016RestatedAnnual report

    「In the rental business, we sought to provide attentive support tailored to property owners. In coordination with our real estate division, the number of properties under management increased, while commission income from the non-life insurance agency business decreased.」

    Support for property owners and coordination with the real estate division continued. The number of properties under management increased, while commission income decreased.
  33. FY2016-Q3RestatedAnnual report

    「In the rental business, we sought to provide attentive support tailored to property owners. In coordination with our real estate division, the number of properties under management and repair and maintenance revenue increased compared with the same quarter of the previous year.」

    The company continued its policy of supporting property owners and coordinating with the real estate division to increase the number of properties under management and repair and maintenance revenue.
  34. FY2016-Q2First statedAnnual report

    「In the rental business, we sought to secure stable income from real estate rentals. The number of properties under management and repair and maintenance revenue increased compared with the same quarter of the previous year.」

    The company stated its policy of securing stable rental income and also reported increases in the number of properties under management and repair and maintenance revenue.
Moved together

"Contribution to earnings from the real estate business through the sale and brokerage of pre-owned homes" moved the same way as this thread, in the same document, in 5 of its 34 moves.

522222★123456
  1. ★This thread
  2. 1Contribution to earnings from the real estate business through the sale and brokerage of pre-owned homes5×
  3. 2Price Fluctuations in Real Estate Held for Sale and Investment Securities2×
  4. 3Guarantee Exposure to Financial Institutions in Respect of Homebuyers2×
  5. 4Expanding Market Share and Allocating Resources to Growth Businesses2×
  6. 5Customer acquisition through web-based tours, consultation sessions and seminars2×
  7. 6Operating Cash Flow Deficit and Use of Short-Term Borrowings2×

★ is this thread; numbers match the list above. The number on a line is how many documents both moved the same way in; lines between the other threads count the documents they moved together in too. Threads that move together often sit closer.

When this could move next
No upcoming earnings preview for Tsuchiya Holdings yet. It last moved in the Earnings of 2026-09-14: "Other".
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Securing Stable Rental Income | TSUCHIYA HOLDINGS CO.,LTD. (1840) | Komori