Acquisition, Renovation and Short-Term Sale of Small Income-Producing Properties
First written in FY2018-Q1. 11 of 22 entries say "Restated". Latest entry: FY2024.
The whole theme swung hardest in 2025: 1 of 11 companies on the "Worse" side.
2 other companies' latest entry also says "Other".
- FY2024No real estate sales for the full fiscal yearAnnual report
「In the real estate business, we will continue to target small properties such as used apartments, mainly in Japan, and work to distribute real estate suited to the needs of each customer segment, with the aim of generating earnings. Real estate revenue -」
Although the policy of distributing small properties, mainly domestic real estate, continues, no real estate revenue was recognized for the current consolidated fiscal year. - FY2024-Q3No real estate revenueAnnual report
「In the real estate business, we will continue to target small properties such as used apartments, mainly in Japan, and work to distribute real estate suited to the needs of each customer segment, with the aim of generating earnings. Real estate revenue -」
Although the policy of distributing small properties continues, no real estate revenue was recognized in the cumulative third quarter of the current fiscal year. - FY2024-Q2No real estate revenueAnnual report
「In the real estate business, we will continue to target small properties such as used apartments, mainly in Japan, and work to distribute real estate suited to the needs of each customer segment, with the aim of generating earnings. Real estate revenue -」
Although the policy of distributing small properties continues, no real estate revenue was recognized in the cumulative second quarter of the current fiscal year. - FY2024-Q1No real estate revenueAnnual report
「Real estate revenue - -」
No real estate revenue was recognized in the cumulative first quarter of the current consolidated fiscal year, down to zero from ¥20.716 million in the same quarter of the previous year. Although the policy of distributing small income-producing properties continues, no sales were recorded in the quarter. - FY2023RestatedAnnual report
「In the real estate business, we will continue to target small properties such as used apartments, mainly in Japan, and work to distribute real estate suited to the needs of each customer segment with the aim of generating earnings.」
It continues to pursue a policy of distributing domestic real estate, including small properties such as used apartments, in line with customer needs. - FY2023-Q1RestatedAnnual report
「In the real estate business, we will continue to target small properties such as used apartments, mainly in Japan, and work to distribute real estate suited to the needs of each customer segment, with the aim of generating earnings.」
It continues to pursue a policy of distributing small properties such as used apartments, mainly in Japan, in line with customer needs, with the aim of generating earnings. - FY2022-Q3RestatedAnnual report
「In the real estate business, we will continue to target small properties such as used apartments, mainly in Japan, and work to distribute real estate suited to the needs of each customer segment with the aim of generating earnings.」
It continues to pursue a policy of handling small properties such as used apartments, mainly in Japan, and generating earnings by distributing them in line with the needs of each customer segment. - FY2022-Q2RestatedAnnual report
「In the real estate business, we will continue to target small properties such as used apartments, mainly in Japan, and work to distribute real estate suited to the needs of each customer segment with the aim of generating earnings.」
It continues to pursue a policy of distributing small properties such as used apartments, mainly in Japan, in line with customer needs, with the aim of generating earnings. - FY2022-Q1RestatedAnnual report
「In the real estate business, we will continue to target small properties such as used apartments, mainly in Japan, and work to distribute real estate suited to the needs of each customer segment with the aim of generating earnings.」
It continues to pursue a policy of distributing small properties such as used apartments, mainly in Japan, in line with customer needs, with the aim of generating earnings. - FY2021-Q3RestatedAnnual report
「In the real estate business, we will continue to target small properties such as used apartments, mainly in Japan, and work to distribute real estate suited to the needs of each customer segment with the aim of generating earnings.」
It continues to pursue a policy of handling small properties such as used apartments, mainly in Japan. - FY2021-Q2Real estate transactions stalledAnnual report
「In the real estate industry, following the declaration of the state of emergency, on-site property inspections, sale negotiations and decision-making were delayed due to the suspension of sales activities and travel restrictions, while uncertainty over the market outlook strengthened a wait-and-see stance.」
While continuing its schemes for acquiring, converting and selling small properties and selling newly built apartments, on-site property inspections, negotiations and decision-making stalled due to the impact of the pandemic, and market participants adopted a stronger wait-and-see stance. - FY2021-Q1RestatedAnnual report
「In the domestic real estate business, we will continue to acquire small properties such as used apartments, generally priced at approximately ¥50 million to ¥100 million per building, convert them and sell them to real estate companies as investment properties. We will also acquire sites for income-producing real estate and sell newly built apartments after or during construction. The total cost of land acquisition and construction is expected to be approximately ¥100 million. The period for this business scheme, from acquisition to sale per property, is expected to be 1 to 6 months.」
It continues to pursue two schemes, the acquisition, conversion and sale to real estate companies of small used properties, and the sale of newly built apartments after site acquisition, together with the property size, funding scale and period. - FY2020Transactions stalled and earnings not recognizedAnnual report
「The failure to recognize the earnings expected in the fourth quarter of the fiscal year ending March 2020 from real estate sales for private lodging in Osaka and real estate brokerage fees and other earnings in the Tokyo metropolitan area」
Although the policy of pursuing the acquisition and sale of small income-producing properties and private-lodging-related transactions continued, expected transaction earnings could not be recognized due to the impact of COVID-19 and other factors. - FY2020-Q2RestatedAnnual report
「In our domestic real estate business, we will continue to focus on accommodation-related businesses for inbound visitors using special-zone private lodging, while changing our policy from the sluggish personal asset-management real estate business to strengthening the sale of real estate for actual demand, and will work to contribute to earnings in the current fiscal year.」
It continues to pursue a policy of shifting its focus from investment real estate for individuals to real estate for sale for actual demand, while maintaining its focus on accommodation-related businesses using special-zone private lodging. - FY2020-Q1ReframedAnnual report
「In our domestic real estate business, we will continue to focus on accommodation-related businesses for inbound visitors using special-zone private lodging, while changing our policy from the sluggish personal asset-management real estate business to strengthening the sale of real estate for actual demand, and will work to contribute to earnings in the current fiscal year.」
Regarding its focus within the real estate business, it explicitly announced a policy shift from investment real estate for individuals to strengthening its business of selling real estate for actual demand. It continues to focus on accommodation-related businesses for inbound visitors using special-zone private lodging. - FY2019-Q3AdvancedAnnual report
「Under these market conditions, in addition to brokering and referring used income-producing properties priced at approximately ¥50 million to ¥100 million per building, the Group is pursuing projects involving the acquisition of land for income-producing real estate and the sale of newly built apartments after or during construction. In addition, as disclosed in the timely disclosure dated 29 October 2018, we successfully concluded a development transaction for an accommodation-related facility in Osaka using special-zone private lodging.」
While continuing to broker and refer used income-producing properties priced at approximately ¥50 million to ¥100 million and pursue new apartment projects, it concluded a development transaction for an accommodation-related facility in Osaka using special-zone private lodging. - FY2019-Q2Greater focus on brokerage and referralsAnnual report
「To restore and improve business performance, the Group has focused on brokering and referring used income-producing properties priced at approximately ¥50 million to ¥100 million per building as investment properties for end users. In addition, we are pursuing projects involving the acquisition of land for income-producing real estate and the sale of newly built apartments after or during construction, but coordinating the timing of property acquisition and sale has become more difficult.」
In addition to describing the acquisition, renovation and short-term sale of small income-producing properties, it explicitly states that the Group is focusing on brokering and referring used income-producing properties priced at approximately ¥50 million to ¥100 million. Meanwhile, coordinating the acquisition and sale timing has become more difficult for new apartment projects. - FY2019-Q1Higher execution difficultyAnnual report
「In addition, we are pursuing projects involving the acquisition of land for income-producing real estate and the sale of newly built apartments after or during construction, but coordinating the timing of property acquisition and sale has become more difficult.」
Although projects involving land acquisition and the sale of newly built apartments are continuing, it states that coordinating the timing of property acquisition and sale has become more difficult. - FY2018RestatedAnnual report
「Against this backdrop, to strengthen its earnings base, the Group will continue to focus on expanding earnings from development-oriented real estate, under which it acquires sites and sells them as income-producing properties, in addition to trading and brokerage of used income-producing real estate, as it has done since the previous fiscal year, while also working to secure stable earnings from energy-related businesses in Japan and overseas.」
It continues to set out its policy of expanding trading and brokerage of used income-producing real estate and development-oriented real estate, which is sold as income-producing property after site acquisition. - FY2018-Q3RestatedAnnual report
「Under the first scheme, the business will acquire small properties such as used apartment buildings costing approximately ¥50 million to ¥100 million per building, convert them and sell them to individuals as real estate investments. Under the second scheme, the business will acquire land for income-producing real estate for end users and sell newly built apartments after construction is completed or while construction is in progress. The total cost of acquiring the land and constructing the buildings is expected to be approximately ¥100 million. The period under this business scheme, from acquisition to sale of each property, is expected to be 1 to 6 months.」
It continues to present two schemes, the conversion and sale of small used properties and the sale of newly built apartments, together with the property size, funding scale and period from acquisition to sale. - FY2018-Q2RestatedAnnual report
「Under the first scheme, the business will acquire small properties such as used apartment buildings costing approximately ¥50 million to ¥100 million per building, convert them and sell them to individuals as real estate investments. Under the second scheme, the business will acquire land for income-producing real estate for end users and sell newly built apartments after construction is completed or while construction is in progress. The total cost of acquiring the land and constructing the buildings is expected to be approximately ¥100 million. The period under this business scheme, from acquisition to sale of each property, is expected to be 1 to 6 months.」
It continues to present two schemes, the conversion and sale of small used properties and the sale of newly built apartments, together with the property size, funding scale and period from acquisition to sale. - FY2018-Q1First statedAnnual report
「Under the first scheme, the business will acquire small properties such as used apartment buildings costing approximately ¥50 million to ¥100 million per building, convert them and sell them to individuals as real estate investments. Under the second scheme, the business will acquire land for income-producing real estate for end users and sell newly built apartments after construction is completed or while construction is in progress. The total cost of acquiring the land and constructing the buildings is expected to be approximately ¥100 million. The period under this business scheme, from acquisition to sale of each property, is expected to be 1 to 6 months.」
For the first time, it explicitly sets out two specific business schemes: acquiring, converting and selling used apartments to individuals, and acquiring sites for income-producing real estate, developing new properties and selling them. It also indicates the property size, funding scale and period from acquisition to sale.