Stable Cash Flows and Improved Asset Efficiency Through the Utilization of Owned Real Estate

「Rental properties owned in the Okayama and Kobe-Nagata districts and elsewhere in Japan, including the Company's head office building, Mita S-Garden, remained steadily operational. However, in addition to repair costs for multiple properties, selling, general and administrative expenses increased. Revenue was ¥1,316 million, up 9.1% year on year, and operating profit was ¥430 million, down 8.0%.」

「Rental properties owned in the Okayama and Kobe-Nagata districts and elsewhere in Japan remained steadily operational and contributed to Group earnings. In addition, partial leasing began at the Company's head office building, Mita S-Garden, in Shiba, Minato-ku, Tokyo. Revenue was ¥2,418 million, up 1.7% from the previous consolidated fiscal year, and operating profit was ¥829 million, down 1.3%.」

「Rental properties, including the redeveloped areas in the Okayama and Kobe-Nagata districts, remained steadily operational. In addition, partial leasing began at the Company's head office building, Mita S-Garden, in Shiba, Minato-ku, Tokyo. Revenue was ¥1,207 million, down 0.1% year on year, and operating profit was ¥467 million, up 14.1%.」

「Rental properties, including the redeveloped areas in the Okayama and Kobe-Nagata districts, remained steadily operational. In addition, partial leasing began at Mita S-Garden in Shiba, Minato-ku, Tokyo. Revenue was ¥2,377 million, down 1.8% from the previous consolidated fiscal year, and operating profit was ¥841 million, up 68.7%.」

「Rental properties, including the redeveloped areas in the Okayama and Nagata districts, remained steadily operational. Revenue was ¥1,793 million, down 2.1% year on year, while operating profit was ¥660 million, up 78.0%.」

「Higher rental income from the former Okayama and Nagata Plant sites contributed to revenue of ¥609 million, up 0.8% year on year, and operating profit of ¥194 million, up 12.9%.」

「In the real estate business, construction work at the former Okayama Plant site was completed as planned during the first quarter of the current consolidated fiscal year, and leasing began. However, operating profit declined due mainly to lower rental income following the sale of income-producing real estate in the previous consolidated fiscal year. Revenue was ¥605 million, down 10.8% year on year, and operating profit was ¥172 million, down 42.0%. The redevelopment of the former Okayama Plant site was fully completed with this project.」

「In the real estate business, revenue was ¥1,963 million, compared with ¥1,471 million in the same quarter of the previous year, and operating profit was ¥777 million, compared with ¥656 million, due mainly to lower selling, general and administrative expenses. The redevelopment plan for the former Okayama Plant site was also progressing steadily.」

「In the real estate business, revenue was ¥1,320 million, compared with ¥986 million in the same quarter of the previous year, and operating profit was ¥552 million, compared with ¥441 million, due mainly to improvements and reductions in selling, general and administrative expenses. The redevelopment plan for the former Okayama Plant site was also progressing steadily.」

「In the real estate business, the redevelopment plan for the former Okayama Plant site progressed steadily. The business generated revenue of ¥678 million and operating profit of ¥296 million, aided by the addition of a newly consolidated entity following the management integration and improved selling, general and administrative expenses.」

「In the real estate business, the Company carried out repair work associated with aging facilities, but the start of new leasing and other factors contributed to revenue of ¥1,961 million, up 1.0% from the previous consolidated fiscal year, and operating profit of ¥897 million, down 3.3%. Results were broadly in line with the previous fiscal year.」

「In the real estate business, revenue was broadly in line with the same period of the previous year, but operating profit declined due mainly to repair work at rental facilities. Revenue was ¥1,471 million, up 0.7% year on year, and operating profit was ¥656 million, down 6.0%.」

「Although there were positive factors, including higher profit in the Food Science business and higher profit resulting from increased sales volumes at a Chinese equity-method affiliate, the Group as a whole reported lower revenue and operating profit year on year due mainly to lower royalty income, construction work related to the redevelopment of the former Nagata Plant site in the real estate business, and a delay in the recovery of earnings at a Thai equity-method affiliate caused by a sugarcane shortage. In the real estate business, revenue was broadly in line with the same period of the previous year, but operating profit declined due mainly to repair work associated with aging facilities. Revenue was ¥986 million, up 0.5% year on year, and operating profit was ¥441 million, down 6.4%.」

「In the real estate business, revenue was broadly in line with the same period of the previous year, but operating profit declined due mainly to repair work associated with aging facilities. Revenue was ¥496 million, up 0.2% year on year, and operating profit was ¥231 million, down 4.0%.」

「In the real estate business, revenue and operating profit both exceeded the previous fiscal year, mainly because the Company began leasing a logistics warehouse in Okayama City in November last year. Revenue was ¥494 million, up 6.9% year on year, and operating profit was ¥240 million, up 7.1%.」

「In the real estate business, revenue and operating profit both exceeded the previous fiscal year, mainly because the Company began leasing a logistics warehouse in Okayama City. Revenue was ¥1,956 million, up 5.2% from the previous consolidated fiscal year, and operating profit was ¥921 million, up 5.1%.」

「In the real estate business, revenue fell below the same period of the previous year due mainly to lower rental income from properties reaching the end of their lease terms. However, operating profit exceeded the previous year's level due mainly to lower repair costs and depreciation expenses for existing rental properties. Revenue was ¥925 million, down 2.3% year on year, and operating profit was ¥457 million, up 4.0%.」

「Revenue fell below the same period of the previous year due to lower rental income and other factors at properties undergoing contract renewals. However, operating income exceeded the same period of the previous year due to a decrease in repair work at existing rental properties and other factors, resulting in revenue of ¥462 million, down 3.6% year on year, and operating income of ¥224 million, up 2.4%.」

「The logistics center completed in Okayama City in the previous fiscal year and the mega-solar power facility continued to operate steadily, among other factors, resulting in revenue and operating income both exceeding the previous fiscal year. Revenue was ¥1,402 million, up 14.7% year on year, and operating income was ¥655 million, up 29.8%.」

「The logistics center completed in Okayama City in the previous fiscal year and the mega-solar power facility operated steadily, resulting in revenue of ¥480 million, up 45.7% year on year, and operating income of ¥219 million, up 28.4%.」

「In the real estate business, revenue and operating income both exceeded the previous fiscal year following the start of leasing a new logistics center and operating a mega-solar power facility in Okayama City. Revenue was ¥1,697 million, up 26.9% from the previous consolidated fiscal year, and operating income was ¥736 million, up 4.0%.」

「In the real estate business, revenue exceeded the same period of the previous year following the start of leasing a new logistics center and operating a mega-solar power facility in Okayama Prefecture. However, operating income fell below the same period of the previous year due to initial costs and other factors, resulting in revenue of ¥1,223 million, up 21.3% year on year, and operating income of ¥504 million, down 5.5%.」

「In the real estate business, the Company newly began leasing a logistics center and operating a mega-solar power facility in Okayama Prefecture.」

「The Company will continue working to generate stable cash flow through the utilization of its owned real estate, while promoting new development projects using idle land to further improve asset efficiency and strengthen earnings capacity.」