Komori
Kitahama Capital Partners (2134) · TargetRevenue increased, but losses widened and stable earnings have not yet been establishedLatest Earnings (2026-10-06): "Raised"

Securing stable earnings and expanding assets under management

First written in FY2016. 5 of 40 entries say "Advanced", first in FY2018-Q1. Latest entry: 2026-10-06.

40entries
11years
6from disclosures
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How it moved
ProgressHeldSoftenedWorseOtherFY2019-Q1 – 2026-04-152016: 320162017: 320172018: 420182019: 320192020: 420202021: 420212022: 320222023: 420232024: 320242025: 220252026: 72026
Same theme, other companies
Building a stable earnings base through the expansion of assets under managementA theme 1 companies write about · 0 as a headwind · 1 as a tailwind

No other company in this theme has enough history to compare yet.

Full recordFilings, disclosures and news, newest first
  1. FY2026Revenue increased, but losses widened and stable earnings have not yet been establishedAnnual report

    「The Company has not currently set specific numerical targets. However, during the previous fiscal year, it actively used the funds raised through a past third-party allotment of shares to establish profitable operations and stabilize its financial position by securing and expanding a stable earnings base, while aiming to use growth capital and enhance corporate value.」

    The Company continues its policy of not setting specific numerical targets. Although revenue increased to ¥1,910 million in the current period, operating loss was ¥989 million, ordinary loss was ¥1,184 million and net loss attributable to owners of the parent was ¥1,268 million, and profitability and stable earnings were not established.
  2. FY2026-H1Interim losses widen; stable earnings not establishedAnnual report

    「As a result, revenue for the current interim consolidated accounting period was ¥69 million, down 83.8% from the previous interim consolidated accounting period, operating loss was ¥652 million, compared with an operating loss of ¥207 million in the previous interim consolidated accounting period, ordinary loss was ¥641 million, compared with an ordinary loss of ¥236 million, and interim net loss attributable to owners of the parent was ¥595 million, compared with an interim net loss of ¥321 million in the previous interim consolidated accounting period.」

    Revenue fell 83.8% year on year from the previous interim period, and operating loss, ordinary loss and interim net loss attributable to owners of the parent all widened. Stable earnings have not yet been established.
  3. FY2025Losses widen; no numerical targetsAnnual report

    「The Company has not currently set specific numerical targets. However, during the previous fiscal year, it actively used the funds raised through a past third-party allotment of shares to establish profitable operations and stabilize its financial position by securing and expanding a stable earnings base, while aiming to use growth capital and enhance corporate value.」

    The Company continues its policy of not setting specific numerical targets. Although revenue increased to ¥701 million in the current period, operating loss was ¥579 million, ordinary loss was ¥602 million and net loss attributable to owners of the parent was ¥835 million, and profitability was not achieved.
  4. FY2025-H1Wider interim lossAnnual report

    「As a result, revenue for the current interim consolidated accounting period was ¥431 million, up 168.6% from the previous interim consolidated accounting period, operating loss was ¥207 million, compared with an operating loss of ¥151 million in the previous interim consolidated accounting period, ordinary loss was ¥236 million, compared with an ordinary loss of ¥158 million, and interim net loss attributable to owners of the parent was ¥321 million, compared with an interim net loss of ¥212 million in the previous interim consolidated accounting period.」

    Although revenue increased year on year, operating loss, ordinary loss and interim net loss attributable to owners of the parent all widened from the previous interim period, and stable earnings have not yet been established.
  5. FY2024Losses narrow, but profitability not achievedAnnual report

    「The Company has not currently set specific numerical targets. However, during the previous fiscal year, it actively used the funds raised through a past third-party allotment of shares to establish profitable operations and stabilize its financial position by securing and expanding a stable earnings base, while aiming to use growth capital and enhance corporate value.」

    The Company continues its policy of not setting specific numerical targets. In the current consolidated fiscal year, operating loss was ¥330 million, ordinary loss was ¥412 million and net loss attributable to owners of the parent was ¥489 million. Although the loss amounts narrowed from the previous fiscal year, profitability was not achieved.
  6. FY2024-Q3Losses continue to narrowAnnual report

    「As a result, revenue for the third quarter of the current consolidated cumulative period was ¥208 million, down 34.5% year on year, operating loss was ¥237 million, compared with an operating loss of ¥320 million in the same quarter of the previous year, ordinary loss was ¥276 million, compared with an ordinary loss of ¥355 million, and net loss attributable to owners of the parent was ¥265 million, compared with a net loss attributable to owners of the parent of ¥588 million.」

    Although revenue declined year on year, operating loss, ordinary loss and net loss attributable to owners of the parent all narrowed from the same quarter of the previous year. However, stable earnings and profitable operations have not yet been established.
  7. FY2024-Q2Losses continue to narrowAnnual report

    「As a result, revenue for the second quarter of the current consolidated cumulative period was ¥160 million, down 21.2% year on year, operating loss was ¥151 million, compared with an operating loss of ¥250 million in the same quarter of the previous year, ordinary loss was ¥158 million, compared with an ordinary loss of ¥286 million, and net loss attributable to owners of the parent was ¥212 million, compared with a net loss attributable to owners of the parent of ¥516 million.」

    Although revenue declined year on year, operating loss, ordinary loss and net loss attributable to owners of the parent all narrowed from the same quarter of the previous year. However, losses continue.
  8. FY2024-Q1Losses continue to narrowAnnual report

    「As a result, revenue for the first quarter of the current consolidated cumulative period was ¥89 million, up 0.4% year on year, operating loss was ¥89 million, compared with an operating loss of ¥119 million in the same quarter of the previous year, ordinary loss was ¥96 million, compared with an ordinary loss of ¥162 million, and net loss attributable to owners of the parent was ¥74 million, compared with a net loss attributable to owners of the parent of ¥165 million.」

    Revenue increased 0.4% year on year, and operating loss, ordinary loss and net loss attributable to owners of the parent all narrowed from the same quarter of the previous year. However, losses continue and stable earnings have not been established.
  9. FY2023Losses continue to narrowAnnual report

    「As a result, revenue for the current consolidated fiscal year was ¥381 million, down 1.3% year on year, operating loss was ¥482 million, compared with an operating loss of ¥579 million in the previous fiscal year, ordinary loss was ¥546 million, compared with an ordinary loss of ¥620 million, and net loss attributable to owners of the parent was ¥904 million, compared with a net loss attributable to owners of the parent of ¥1,246 million.」

    Operating loss, ordinary loss and net loss attributable to owners of the parent all narrowed from the previous fiscal year, but the Company has not yet achieved profitability or established stable earnings.
  10. FY2023-Q3Losses continue to narrowAnnual report

    「As a result, revenue for the third quarter of the current consolidated cumulative period was ¥319 million, up 14.3% year on year, operating loss was ¥320 million, compared with an operating loss of ¥351 million in the same quarter of the previous year, ordinary loss was ¥355 million, compared with an ordinary loss of ¥398 million, and net loss attributable to owners of the parent was ¥588 million, compared with a net loss attributable to owners of the parent of ¥945 million.」

    Revenue increased 14.3% year on year, and operating loss, ordinary loss and net loss attributable to owners of the parent all narrowed from the same quarter of the previous year. However, stable earnings and profitable operations have not been established, and the Company continues to record losses.
  11. FY2023-Q2Losses continue to widenAnnual report

    「As a result, revenue for the second quarter of the current consolidated cumulative period was ¥203 million, up 24.5% year on year, operating loss was ¥250 million, compared with an operating loss of ¥222 million in the same quarter of the previous year, ordinary loss was ¥286 million, compared with an ordinary loss of ¥264 million, and net loss attributable to owners of the parent was ¥516 million, compared with a net loss attributable to owners of the parent of ¥275 million.」

    Although revenue increased 24.5% year on year, operating loss was ¥250 million, ordinary loss was ¥286 million and net loss attributable to owners of the parent was ¥516 million, with losses widening in each case from the same quarter of the previous year.
  12. FY2023-Q1Losses continue to widenAnnual report

    「As a result, revenue for the first quarter of the current consolidated cumulative period was ¥89 million, down 0.4% year on year, operating loss was ¥119 million, compared with an operating loss of ¥112 million in the same quarter of the previous year, ordinary loss was ¥162 million, compared with an ordinary loss of ¥145 million, and net loss attributable to owners of the parent was ¥165 million, compared with a net loss attributable to owners of the parent of ¥152 million.」

    Operating loss, ordinary loss and net loss attributable to owners of the parent all widened from the same quarter of the previous year, and stable earnings have not yet been established.
  13. FY2022-Q3Losses continue to widenAnnual report

    「As a result, revenue for the third quarter of the current consolidated cumulative period was ¥279 million, down 16.1% year on year, operating loss was ¥351 million, compared with an operating loss of ¥299 million in the same quarter of the previous year, ordinary loss was ¥398 million, compared with an ordinary loss of ¥350 million, and net loss attributable to owners of the parent was ¥945 million, compared with a net loss attributable to owners of the parent of ¥685 million.」

    Revenue fell 16.1% year on year, and operating loss, ordinary loss and net loss attributable to owners of the parent all widened from the same quarter of the previous year.
  14. FY2022-Q2Losses continue to widenAnnual report

    「As a result, revenue for the second quarter of the current consolidated cumulative period was ¥163 million, down 14.7% year on year, operating loss was ¥222 million, compared with an operating loss of ¥208 million in the same quarter of the previous year, ordinary loss was ¥264 million, compared with an ordinary loss of ¥237 million, and net loss attributable to owners of the parent was ¥275 million, compared with a net loss attributable to owners of the parent of ¥242 million.」

    Revenue fell 14.7% year on year, and operating loss, ordinary loss and net loss attributable to owners of the parent all widened from the same quarter of the previous year. Stable earnings have still not been secured.
  15. FY2022-Q1Losses widen and continueAnnual report

    「As a result, revenue for the first quarter of the current consolidated cumulative period was ¥89 million, up 43.1% year on year, operating loss was ¥112 million, unchanged from the same quarter of the previous year, ordinary loss was ¥145 million, compared with an ordinary loss of ¥128 million, and net loss attributable to owners of the parent was ¥152 million, compared with a net loss attributable to owners of the parent of ¥133 million.」

    Although revenue increased, ordinary loss widened from ¥128 million in the same quarter of the previous year to ¥145 million, and net loss attributable to owners of the parent widened from ¥133 million to ¥152 million. Stable earnings and profitable operations have not been established.
  16. FY2021Losses narrow but continueAnnual report

    「As a result, revenue for the current consolidated fiscal year was ¥473 million, down 6.6% year on year, operating loss was ¥343 million, compared with an operating loss of ¥573 million in the previous fiscal year, ordinary loss was ¥401 million, compared with an ordinary loss of ¥734 million, and net loss attributable to owners of the parent was ¥757 million, compared with a net loss attributable to owners of the parent of ¥1,773 million.」

    Operating loss, ordinary loss and net loss attributable to owners of the parent all narrowed from the previous fiscal year, but stable earnings and profitable operations have not yet been established.
  17. FY2021-Q3Continued widening of lossesAnnual report

    「As a result, revenue for the third quarter of the current consolidated cumulative period was ¥332 million, down 26.2% year on year, operating loss was ¥299 million, compared with an operating loss of ¥221 million in the same quarter of the previous year, ordinary loss was ¥350 million, compared with an ordinary loss of ¥336 million, and net loss attributable to owners of the parent was ¥685 million, compared with a net loss attributable to owners of the parent of ¥636 million.」

    Although the Company aims to secure stable earnings, revenue declined, and operating loss, ordinary loss and net loss attributable to owners of the parent all widened from the same quarter of the previous year.
  18. FY2021-Q2Operating and ordinary losses widenAnnual report

    「As a result, revenue for the second quarter of the current consolidated cumulative period was ¥191 million, down 40.5% year on year, operating loss was ¥208 million, compared with an operating loss of ¥152 million in the same quarter of the previous year, ordinary loss was ¥237 million, compared with an ordinary loss of ¥156 million, and net loss attributable to owners of the parent was ¥242 million, compared with a net loss attributable to owners of the parent of ¥438 million.」

    Revenue fell 40.5% year on year, while operating loss and ordinary loss widened from the same quarter of the previous year. Net loss attributable to owners of the parent narrowed from the same quarter of the previous year, but stable earnings have not yet been established.
  19. FY2021-Q1Losses continue; stable earnings not yet establishedAnnual report

    「To improve and resolve this situation, the Group will take the measures described below, including the effective use of operating funds and thorough cost management to secure stable earnings. As a result, revenue for the first quarter of the current consolidated cumulative period was ¥62 million, down 52.2% year on year, operating loss was ¥112 million, compared with an operating loss of ¥76 million in the same quarter of the previous year, ordinary loss was ¥128 million, compared with an ordinary loss of ¥79 million, and net loss attributable to owners of the parent was ¥133 million, compared with a net loss attributable to owners of the parent of ¥376 million.」

    Although the Company has stated that it will secure stable earnings, use operating funds effectively and implement thorough cost management, it continued to post an operating loss of ¥112 million, an ordinary loss of ¥128 million and a net loss attributable to owners of the parent of ¥133 million in the first quarter.
  20. FY2020Losses widen sharply; no numerical targetsAnnual report

    「The Company has not currently set specific numerical targets. However, during the previous fiscal year, it actively used the funds raised through a past third-party allotment of shares to establish profitable operations and stabilize its financial position by securing and expanding a stable earnings base, while aiming to use growth capital and enhance corporate value.」

    Although the Company has stated its aim of securing stable earnings and maintaining profitable operations, it explicitly noted that it has not set specific numerical targets. For the period, revenue was ¥507 million, ordinary loss was ¥734 million, and net loss attributable to owners of the parent was ¥1,773 million.
  21. FY2020-Q3Sharp widening of lossesAnnual report

    「As a result, for the nine months ended [current third quarter] of the current consolidated fiscal year, net sales were ¥450 million, down 51.3% year on year, operating loss was ¥221 million, compared with operating income of ¥99 million in the same period of the previous year, ordinary loss was ¥356 million, compared with ordinary income of ¥91 million in the same period of the previous year, and net loss attributable to owners of the parent was ¥636 million, compared with net income attributable to owners of the parent of ¥26 million in the same period of the previous year.」

    While aiming to secure stable earnings, the company recorded a 51.3% year-on-year decline in net sales and operating, ordinary and quarterly net losses attributable to owners of the parent. Quarterly net loss attributable to owners of the parent widened to ¥636 million.
  22. FY2020-Q2Continued widening of lossesAnnual report

    「As a result, for the six months ended [current second quarter] of the current consolidated fiscal year, net sales were ¥322 million, up 49.0% year on year, operating loss was ¥152 million, compared with an operating loss of ¥120 million in the same period of the previous year, ordinary loss was ¥156 million, compared with an ordinary loss of ¥126 million in the same period of the previous year, and net loss attributable to owners of the parent was ¥438 million, compared with a net loss attributable to owners of the parent of ¥159 million in the same period of the previous year.」

    Although net sales increased, operating and ordinary losses widened, and quarterly net loss attributable to owners of the parent widened to ¥438 million. Losses have continued and widened in relation to the goal of securing stable earnings.
  23. FY2020-Q1Losses widenedAnnual report

    「As a result, for the first quarter of the current consolidated fiscal year, net sales were ¥131 million, up 33.6% year on year, operating loss was ¥76 million, compared with an operating loss of ¥43 million in the same quarter of the previous year, ordinary loss was ¥79 million, compared with an ordinary loss of ¥530,000 in the same quarter of the previous year, and quarterly net loss attributable to owners of the parent was ¥376 million, compared with a quarterly net loss attributable to owners of the parent of ¥60 million in the same quarter of the previous year.」

    Although net sales increased year on year, operating and ordinary losses widened, and quarterly net loss attributable to owners of the parent was ¥376 million. In relation to the theme of securing stable earnings, the quarterly loss widened from the same quarter of the previous year.
  24. FY2019-Q3Sharp decline in profitAnnual report

    「Amid this market environment, our group has been pursuing projects involving the acquisition of land for income-generating real estate and its sale after, or during, construction of newly built apartments, in addition to brokering and introducing used income-generating properties priced at approximately ¥50 million to ¥100 million per building. As disclosed in the timely disclosure dated 29 October 2018, we successfully closed a development transaction for accommodation-related facilities in Osaka using special-zone private lodging. As a result, for the nine months ended [current third quarter] of the current consolidated fiscal year, net sales were ¥925 million, up 61.3% year on year, operating income was ¥99 million, down 51.7% year on year, ordinary income was ¥91 million, down 56.9% year on year, and net income attributable to owners of the parent was ¥26 million, down 87.6% year on year.」

    Although the company pursued the brokerage and introduction of used income-generating properties, new apartment projects and development transactions for special-zone private lodging facilities, net sales increased while operating income, ordinary income and quarterly net income attributable to owners of the parent all declined sharply from the same quarter of the previous year.
  25. FY2019-Q2Continued deterioration in earningsAnnual report

    「Amid this market environment, our group has focused on brokering and introducing used income-generating properties priced at approximately ¥50 million to ¥100 million per building as asset-management real estate for end users, in order to restore and improve business performance. In addition, we have been pursuing projects involving the acquisition of land for income-generating real estate and its sale after, or during, construction of newly built apartments, but coordinating the timing of property acquisition and sale has become increasingly difficult. As a result, for the six months ended [current second quarter] of the current consolidated fiscal year, net sales were ¥216 million, down 53.1% year on year, operating loss was ¥120 million, compared with operating income of ¥206 million in the same period of the previous year, ordinary loss was ¥126 million, compared with ordinary income of ¥216 million in the same period of the previous year, and net loss attributable to owners of the parent was ¥159 million, compared with net income attributable to owners of the parent of ¥245 million in the same period of the previous year.」

    Although the company has been pursuing the brokerage and introduction of used income-generating properties and new apartment projects, difficulty coordinating the timing of property acquisitions and sales has led to declining net sales and continued operating, ordinary and net losses.
  26. FY2019-Q1Earnings deteriorationAnnual report

    「As a result, for the first quarter of the current consolidated fiscal year, net sales were ¥98 million, down 70.9% year on year, operating loss was ¥43 million, compared with operating income of ¥222 million in the same quarter of the previous year, ordinary loss was ¥53 million, compared with ordinary income of ¥2.29 million in the same quarter of the previous year, and net loss attributable to owners of the parent was ¥60 million, compared with net income attributable to owners of the parent of ¥267 million in the same quarter of the previous year.」

    The company swung from recording profits in the same quarter of the previous year to an operating loss, ordinary loss and quarterly net loss attributable to owners of the parent, while net sales also declined 70.9%. Performance deteriorated during the quarter in relation to the theme of securing stable earnings.
  27. FY2018AdvancedAnnual report

    「In our domestic energy business, we acquired Sun Energy Co., Ltd. (formerly La Verita LLC, hereinafter “Sun Energy”), which owns land for a solar power generation business in Otaki, Chiba Prefecture, and secured land rental income over a 20-year period.」

    Regarding the generation of stable earnings, the company stated that it had actually secured 20 years of land rental income. For the full fiscal year, it recorded operating income of ¥189 million, ordinary income of ¥187 million, and net income attributable to owners of the parent of ¥183 million.
  28. FY2018-Q3RestatedAnnual report

    「The funds raised through the issuance of new shares will be used to invest in clean energy businesses in Japan and overseas, inbound-oriented businesses centered on temple lodging, and the real estate business, as we work to build a new earnings foundation. During the nine months ended [current third quarter], although the real estate business generated investment and recovery results, these had not yet contributed significantly to earnings.」

    Although the company continues its policy of investing the funds raised in multiple businesses to build a stable earnings foundation, its investment and recovery results in the real estate business have not yet reached the stage of making a significant contribution to earnings.
  29. FY2018-Q2AdvancedAnnual report

    「Amid this market environment, to secure stable earnings, our group has been investing in its core real estate business since listing and in clean energy businesses, mainly in Southeast Asia. To generate stable earnings over 20 years, we acquired a 51.67% stake in La Verita LLC, which owns land for a solar power generation business, during the first quarter of the consolidated fiscal period, and acquired an additional 48.33% during the second quarter of the consolidated fiscal period.」

    While targeting stable earnings over a 20-year period, the company progressed to the stage of acquiring a total 100% stake in La Verita.
  30. FY2018-Q1AdvancedAnnual report

    「Amid this market environment, to secure stable earnings, our group has been investing in its core real estate business since listing and in clean energy businesses, mainly in Southeast Asia. To generate stable earnings over 20 years, we acquired a 51.67% stake in La Verita LLC, which owns land for a solar power generation business.」

    Regarding the generation of stable earnings, the company indicated a 20-year period and acquired a 51.67% stake in La Verita, which owns land for a solar power generation business.
  31. FY2017-Q3RestatedAnnual report

    「We will invest these funds in clean energy businesses in Japan and overseas, inbound-oriented businesses centered on temple lodging, and the real estate business, to build a stable earnings foundation at an early stage. During the nine months ended [current third quarter], although the real estate business generated investment and recovery results, these had not yet contributed significantly to earnings.」

    Although the company continues to aim to build a stable earnings foundation, its investment and recovery results in the real estate business have not yet reached the stage of making a significant contribution to earnings.
  32. FY2017-Q2RestatedAnnual report

    「To improve and resolve the relevant event or circumstances, we will pursue stable management through measures including securing stable earnings, reducing costs, strengthening our financial foundation and securing funds, as described below.」

    Securing stable earnings has been reiterated as a response to a material event related to the going-concern assumption, but stable earnings had still not been secured as of the second quarter.
  33. FY2017-Q1RestatedAnnual report

    「To improve and resolve the relevant event or circumstances, we will pursue stable management through measures including securing stable earnings, reducing costs, strengthening our financial foundation and securing funds, as described below.」

    Securing stable earnings has been reiterated as a response to a material event related to the going-concern assumption, but stable earnings had not been secured as of the current quarter.
  34. FY2016First statedAnnual report

    「To increase the number of managed SPCs, which contributes to securing stable earnings, and the assets managed as an asset management business, we will work to build information networks, strengthen our ability to plan projects, and establish an agile internal structure.」

    The company set out the goal of increasing managed SPCs and assets under management to generate stable earnings, along with information, planning and organizational measures to achieve it.
Moved together

"Material uncertainty related to the going concern assumption" moved the same way as this thread, in the same document, in 5 of its 40 moves.

544322★123456
  1. ★This thread
  2. 1Material uncertainty related to the going concern assumption5×
  3. 2Expansion of investment scope from real estate to operating companies, businesses and engineering technologies4×
  4. 3Capital Raising Through Third-Party Allotment4×
  5. 4Stabilizing the Management Foundation Through Diversification of Investment Targets3×
  6. 5Strengthening the Financial Foundation and Building Relationships with Financial Institutions2×
  7. 6Acquisition of a Solar Power Generation Site Company and Exclusion of an Investment Limited Partnership from Consolidation2×

★ 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 Kitahama Capital Partners yet. It last moved in the Earnings of 2026-10-06: "Raised".
News
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Securing stable earnings and expanding assets under management | Kitahama Capital Partners Co.,Ltd. (2134) | Komori