Developing the real estate business into a revenue pillar that complements the construction business
First written in FY2016. 11 of 18 entries say "Advanced", first in FY2018-Q2. Latest entry: 2026-08-18.
The whole theme swung hardest in 2025: 4 of 30 companies on the "Worse" side.
17 other companies' latest entry also says "Advanced".
- FY2026AdvancedAnnual report
「[Real estate development]・・・・Value enhancement of properties held and related initiatives ¥4 billion」
Under the Medium-Term Management Plan (2026-2028), the company plans to invest ¥4 billion in real estate development, value enhancement of properties held and related initiatives, giving concrete form to its previous policy of supplementing real estate business earnings and making cyclical investments. - FY2024AdvancedAnnual report
「During the fiscal year, due to a change in the purpose for which the assets were held, buildings of ¥1,069 million, structures of ¥15 million, land of ¥4,408 million and long-term prepaid expenses of ¥4 million were transferred to real estate held for sale.」
As part of the optimization of properties held, fixed assets totaling ¥5,497 million were transferred to real estate held for sale. The period-end balance of rental and other property was zero, reflecting a specific change in the purpose for which the assets were held. - FY2023RaisedAnnual report
「[Real estate business] …Supplementing construction business earnings ¥10 billion」
The real estate business is being expanded as a strategic business responsible for supplementing construction business earnings, with ¥10 billion allocated to the investment plan through fiscal 2030. - FY2023-Q2AdvancedAnnual report
「The principal increase factor was ¥56 million in deposits received on the sale of property, plant and equipment.」
In connection with the optimization and sale of properties held, ¥56 million in deposits received on the sale of property, plant and equipment was recognized. - FY2022AdvancedAnnual report
「・We will optimize properties held and improve profitability.」
The policy of optimizing properties held is continuing. During the fiscal year, the carrying amount of rental property in Tatsuno City was reduced following the decision to sell it, and an impairment loss of ¥544 million was recognized. - FY2021RaisedAnnual report
「③ Expansion of the real estate business ・We will optimize properties held and improve profitability. ・We will strengthen sales methods aimed at winning construction orders in conjunction with real estate acquisitions. ・We will promote the collection of information on and initiatives involving new schemes such as SPCs and PFI.」
Measures to expand the real estate business include optimizing properties held, combining real estate acquisitions with efforts to win construction orders, and pursuing new schemes such as SPCs and PFI, thereby expanding the scope of initiatives. - FY2020AdvancedAnnual report
「During the fiscal year, the company acquired the rental property Best Western Hotel Fino Tokyo Akasaka for an investment of ¥5,701 million.」
To expand the earnings base of the real estate business, the company acquired Best Western Hotel Fino Tokyo Akasaka and invested ¥5,701 million. - FY2019AdvancedAnnual report
「As part of its efforts to revitalize the real estate business, the company newly acquired and held Hotel androoms Shin-Osaka in Osaka City, Osaka Prefecture, near JR Shin-Osaka Station, as an income-producing property, and began leasing it.」
As a measure to revitalize the real estate business, the company newly acquired and held Hotel androoms Shin-Osaka and began leasing it. - FY2018AdvancedAnnual report
「The principal increase was capital expenditures of ¥32 million, while the principal decreases were impairment losses of ¥323 million, sales of property, plant and equipment of ¥499 million, and depreciation and amortization of ¥40 million.」
In reviewing properties held, the company sold ¥499 million of property, plant and equipment during the fiscal year and also recognized an impairment loss of ¥323 million. - FY2018-Q3RestatedAnnual report
「During the third quarter cumulative period, the carrying amount of rental properties among the assets used in the real estate business for which a partial sale had been decided was written down to net realizable value. The impairment loss recognized during the third quarter cumulative period was ¥323 million.」
An impairment loss of ¥323 million was recognized for rental properties earmarked for partial sale. No new change in the sales policy from the previous quarter was indicated. - FY2018-Q2AdvancedAnnual report
「During the second quarter cumulative period, following the decision to sell part of the assets used in the real estate business, the carrying amount of those assets was written down to net realizable value, and the decrease of ¥323 million was recognized as an impairment loss under extraordinary losses.」
The review of properties held progressed with the decision to sell some assets. An impairment loss of ¥323 million was recognized as a result. - FY2017RestatedAnnual report
「We will review the composition of our asset portfolio, including the locations and uses of assets held. We will also continue considering business plans involving real estate development investment to supplement earnings from the construction business.」
The review of the asset composition of properties held and the use of real estate development investment to supplement construction business earnings are continuing. - FY2016First statedAnnual report
「Taking into account the characteristics of our asset portfolio, including the locations and uses of properties held, we will reconsider measures including increasing rental income, replacing assets and making new acquisitions, and develop the real estate business into a core earnings pillar complementing the construction business.」
The company plans to strengthen the real estate business through increased rental income, asset replacements, new acquisitions and real estate development investment.