Business Model Combining Rental Income During the Holding Period with Gains on Sale After Enhancing Asset Values
First written in FY2017-Q1. 34 of 43 entries say "Advanced", first in FY2018. Latest entry: FY2027-H1.
The whole theme swung hardest in 2024: 1 of 8 companies on the "Worse" side.
7 other companies' latest entry also says "Advanced".
- FY2027-H1AdvancedAnnual report
「Business profit (Note 2) for the first half increased 3% year on year. Although stock revenue decreased 2% year on year following property sales in the previous period, the decline was steadily offset by contributions from newly acquired properties and NOI growth at existing properties, resulting in progress ahead of the first-half forecast. In addition, asset sales progressed at Shinchiku, Ichigo Owners and the asset management business, increasing flow revenue 8% year on year.」
The company offset the decline in stock revenue through contributions from newly acquired properties, NOI growth at existing properties and progress in asset sales, increasing flow revenue 8% year on year. - FY2026AdvancedAnnual report
「During the consolidated fiscal year, real estate acquisitions totaled ¥10.7 billion and sales totaled ¥23.2 billion.」
Real estate acquisitions and sales under the value-add model are illustrated by acquisitions of ¥10.7 billion and sales of ¥23.2 billion in the consolidated fiscal year. - FY2026-H1AdvancedAnnual report
「Real estate acquisitions totaled ¥2.8 billion and sales revenue from disposals totaled ¥2.2 billion in the first half.」
The value-add business is illustrated by specific acquisition and sales results for the first half, with real estate acquisitions of ¥2.8 billion and sales of ¥2.2 billion. - FY2025AdvancedAnnual report
「While earning rental income during the ownership period, we seek to enhance asset value through Shinchiku by making maximum use of Ichigo’s real estate expertise and know-how.」
The business model of combining value enhancement through the value-add business, rental income and gains on sales is illustrated by acquisitions of ¥17.5 billion and sales of ¥17.7 billion during the period, among other results. - FY2025-H1AdvancedAnnual report
「Real estate acquisitions totaled ¥31.0 billion and sales totaled ¥27.8 billion in the first half.」
The business model of acquiring and holding real estate and selling it after enhancing its value is illustrated by first-half acquisitions of ¥31.0 billion and sales of ¥27.8 billion. - FY2025-Q1AdvancedAnnual report
「Meanwhile, as part of the pipeline for Ichigo Office REIT, private REITs and private funds, we acquired 2 office properties with potential for value enhancement. In the first quarter, real estate acquisitions totaled ¥13.0 billion and sales totaled ¥22.1 billion.」
The business model of acquiring and holding real estate and selling it after enhancing its value is illustrated by the acquisition of 2 office properties and first-quarter acquisitions of ¥13.0 billion and sales of ¥22.1 billion. - FY2024AdvancedAnnual report
「During the period, the multi-asset trading market also recovered from the stagnation caused by COVID-19, and our real estate acquisitions totaled ¥69.5 billion, while sales totaled ¥69.6 billion.」
The business model of acquiring and holding real estate, earning rental income and selling the properties after enhancing their value is illustrated by acquisitions of ¥69.5 billion and sales of ¥69.6 billion during the period. - FY2024-Q2AdvancedAnnual report
「As a result, second-quarter real estate sales totaled ¥27.6 billion, while acquisitions totaled ¥26.1 billion, excluding self-storage sales associated with the previously mentioned sale of Storage Plus shares.」
The value-add real estate model is illustrated by second-quarter acquisitions of ¥26.1 billion and sales of ¥27.6 billion. - FY2024-Q1AdvancedAnnual report
「First-quarter real estate acquisitions totaled ¥17.7 billion, while sales totaled ¥3.2 billion.」
The Company reports first-quarter acquisitions of ¥17.7 billion and sales of ¥3.2 billion under its business model of acquiring and holding real estate, enhancing its value and then selling it. - FY2023-Q3AdvancedAnnual report
「Real estate acquisitions and sales are progressing smoothly. During the cumulative third-quarter period, sales totaled ¥48.6 billion, while acquisitions totaled ¥37.3 billion.」
The Company reports cumulative third-quarter real estate sales of ¥48.6 billion and acquisitions of ¥37.3 billion. - FY2023-Q2AdvancedAnnual report
「Real estate acquisitions and sales, including transactions expected in the second half, are progressing smoothly. During the cumulative second-quarter period, sales totaled ¥15.2 billion, while acquisitions totaled ¥20.4 billion.」
The Company reports progress on real estate acquisitions and sales, including transactions planned for the second half, and cumulative second-quarter sales of ¥15.2 billion and acquisitions of ¥20.4 billion. - FY2023-Q1AdvancedAnnual report
「Against this backdrop, first-quarter real estate sales totaled ¥10.8 billion, while acquisitions totaled ¥11.6 billion.」
The Company reports specific first-quarter real estate sales of ¥10.8 billion and acquisitions of ¥11.6 billion under its Shinchiku-based real estate model. - FY2022AdvancedAnnual report
「Following sales of housing, offices and hotels, real estate sales during the period totaled ¥45.8 billion, while acquisitions totaled ¥31.0 billion.」
The Company reports real estate sales of ¥45.8 billion and acquisitions of ¥31.0 billion for the period, including sales of housing, offices and hotels, under its Shinchiku model. - FY2022-Q3AdvancedAnnual report
「For real estate sales during the period, we continued careful sales activities while monitoring market conditions, but investment demand has emerged for some properties, and realization of gains on sales is expected to be concentrated in the fourth quarter. Against this backdrop, third-quarter real estate sales totaled ¥12.4 billion, while acquisitions totaled ¥25.5 billion.」
The Company reports third-quarter real estate sales of ¥12.4 billion and acquisitions of ¥25.5 billion, and explains that realization of gains on sales is expected to be concentrated in the fourth quarter. - FY2022-Q2AdvancedAnnual report
「In the second quarter, real estate sales totaled ¥11.4 billion, while acquisitions totaled ¥12.8 billion.」
The Company reports specific second-quarter real estate sales of ¥11.4 billion and acquisitions of ¥12.8 billion under its Shinchiku-based real estate model. - FY2022-Q1AdvancedAnnual report
「During the first quarter, we also sold logistics facilities among our Shinchiku assets, with sales totaling ¥6.5 billion and acquisitions totaling ¥8.3 billion.」
The Company reports specific first-quarter acquisition and sales results for Shinchiku assets, including sales of logistics facilities, with sales of ¥6.5 billion and acquisitions of ¥8.3 billion. - FY2021-Q3AdvancedAnnual report
「In particular, investor demand has continued for rental housing, which offers greater earnings stability, and trading activity has also increased at the Company. Cumulative sales through the third quarter, primarily of rental housing, totaled ¥37.9 billion, while acquisitions totaled ¥28.7 billion.」
The Company reports specific cumulative third-quarter acquisition and sales results, primarily in rental housing, with sales of ¥37.9 billion and acquisitions of ¥28.7 billion. - FY2021-Q2AdvancedAnnual report
「In particular, investor demand has continued for rental housing, which offers greater earnings stability, and trading activity has also increased at the Company. During the first half, sales, primarily of rental housing, totaled ¥20.5 billion, while acquisitions totaled ¥21.0 billion.」
The Company reports specific first-half acquisition and sales results, primarily in rental housing, with sales of ¥20.5 billion and acquisitions of ¥21.0 billion. - FY2021-Q1AdvancedAnnual report
「By contrast, no significant impact has emerged for office buildings, rental housing and logistics facilities, and these businesses have remained stable. In particular, investor demand has continued for rental housing, which offers greater earnings stability. During the first quarter, sales, primarily of rental housing, totaled ¥16.7 billion, while acquisitions totaled ¥10.3 billion.」
The Company explains that, even during the COVID-19 pandemic, it recorded sales of ¥16.7 billion and acquisitions of ¥10.3 billion, primarily in rental housing. - FY2020-Q3AdvancedAnnual report
「Amid an active real estate market, we continued to acquire high-quality properties through new initiatives and creative acquisition methods. Cumulative acquisitions through the third quarter totaled ¥54.3 billion, while cumulative revenue from sales totaled ¥57.8 billion. Value enhancement through Shinchiku, one of our strengths, continued to enable sales of properties at high profit margins. Properties held also maintained high occupancy rates, while rental income increased steadily, contributing to growth in recurring income.」
The Company reports cumulative third-quarter acquisitions of ¥54.3 billion and cumulative revenue from sales of ¥57.8 billion, together with sales at high profit margins, high occupancy rates and higher rental income. - FY2020-Q2AdvancedAnnual report
「Acquisitions in the second quarter totaled ¥24.9 billion, while revenue from sales totaled ¥13.3 billion. Value enhancement through Shinchiku, one of our strengths, continued to enable sales of properties at high profit margins. Properties held also maintained high occupancy rates, while rental income increased steadily, contributing to growth in recurring income.」
The Company reports second-quarter acquisitions of ¥24.9 billion and revenue from sales of ¥13.3 billion, and explains the impact of value enhancement through Shinchiku, sales at high profit margins, high occupancy rates and higher rental income. - FY2020-Q1AdvancedAnnual report
「Acquisitions in the first quarter totaled ¥20.4 billion, while revenue from sales totaled ¥19.5 billion. Value enhancement through Shinchiku, one of our strengths, continued to enable sales of properties at high profit margins. Properties held also maintained high occupancy rates, while rental income increased steadily, contributing to growth in recurring income.」
The Company reports first-quarter real estate acquisitions of ¥20.4 billion and revenue from sales of ¥19.5 billion, together with sales at high profit margins, high occupancy rates and higher rental income. - FY2019AdvancedAnnual report
「As in the previous fiscal year, we acquired high-quality properties through new initiatives and creative real estate acquisition methods. Acquisitions during the period totaled ¥50.8 billion, while revenue from sales totaled ¥58.6 billion. We also enhanced the value of real estate through Shinchiku, one of our strengths. While maintaining high occupancy rates, rental income increased steadily, contributing to growth in recurring income.」
The Company reports real estate acquisitions of ¥50.8 billion and revenue from sales of ¥58.6 billion for the period, and explains that maintaining high occupancy rates and steadily increasing rental income contributed to growth in recurring income. - FY2019-Q3RestatedAnnual report
「A business that, while earning rental income during the ownership period, realizes value enhancement by making maximum use of Ichigo’s real estate expertise and know-how, thereby generating recurring income and transactional income from sales」
The Company continues with a business model combining rental income during ownership, value enhancement through Shinchiku, recurring income and transactional income from sales. - FY2019-Q2AdvancedAnnual report
「Amid an active domestic real estate market, we continued to acquire high-quality properties through new initiatives and creative acquisition methods, as in the previous fiscal year. We also enhanced the value of real estate through Shinchiku, one of our strengths, and continued to sell highly profitable properties. In addition, rental income from properties held increased, contributing to growth in recurring income.」
The Company explains that the acquisition of high-quality properties, value enhancement through Shinchiku, and sales of highly profitable properties, together with higher rental income from properties held, contributed to growth in recurring income. - FY2019-Q1RestatedAnnual report
「While earning rental income during the ownership period, we seek to enhance asset value through Shinchiku by making maximum use of Ichigo’s real estate expertise and know-how.」
The Company continues to describe a business model combining rental income during ownership, asset value enhancement through Shinchiku, and monetization through gains on sales. - FY2018AdvancedAnnual report
「Through the steady acquisition of real estate that could become sources of future income, cumulative acquisitions for the period totaled ¥54.3 billion, while cumulative sales totaled ¥23.6 billion.」
The Company reports cumulative acquisitions of ¥54.3 billion and sales of ¥23.6 billion for the period under its Shinchiku-based real estate acquisition and sales model. - FY2018-Q3RestatedAnnual report
「While earning rental income during the ownership period, we seek to enhance asset value by making maximum use of Ichigo’s real estate expertise and know-how. In addition to offices, hotels and retail facilities, we develop and operate environmentally friendly, highly safe solar power plants nationwide, from Hokkaido to Okinawa, as an effective use of idle land. After completing the enhancement of real estate value, we generate high returns, including gains on sales.」
The Company continues with a business model combining rental income during ownership, value enhancement through expertise and know-how, and gains on sales after enhancing value. - FY2018-Q2RestatedAnnual report
「While earning rental income during the ownership period, we seek to enhance asset value by making maximum use of Ichigo’s real estate expertise and know-how. In addition to offices, hotels and retail facilities, we develop and operate environmentally friendly, highly safe solar power plants nationwide, from Hokkaido to Okinawa, as an effective use of idle land. After completing the enhancement of real estate value, we generate high returns, including gains on sales.」
The Company continues with a business model combining rental income during ownership, value enhancement through expertise and know-how, and gains on sales after enhancing value. - FY2018-Q1RestatedAnnual report
「While earning rental income during the ownership period, we seek to enhance asset value by making maximum use of Ichigo’s real estate expertise and know-how. In addition to offices, hotels and retail facilities, we develop and operate environmentally friendly, highly safe solar power plants nationwide, from Hokkaido to Okinawa, as an effective use of idle land. After completing the enhancement of real estate value, we generate high returns, including gains on sales.」
The Company continues to describe a business model combining rental income during ownership with gains on sales after enhancing value. - FY2017RestatedAnnual report
「While earning rental income during the ownership period, we seek to enhance asset value by making maximum use of Ichigo’s real estate expertise and know-how. In addition to offices, hotels and retail facilities, we develop and operate environmentally friendly, highly safe solar power plants nationwide, from Hokkaido to Okinawa, as an effective use of idle land. After completing the enhancement of real estate value, we generate high returns, including gains on sales.」
The Company continues to describe a business model combining rental income during ownership with gains on sales after enhancing value. - FY2017-Q3RestatedAnnual report
「While earning rental income during the ownership period, we seek to enhance asset value by making maximum use of Ichigo’s real estate expertise and know-how. In addition to offices, hotels and retail facilities, we develop and operate environmentally friendly, highly safe solar power plants nationwide, from Hokkaido to Okinawa, as an effective use of idle land. After completing the enhancement of real estate value, we generate high returns, including gains on sales.」
The Company continues to describe a business model combining rental income during ownership with gains on sales after enhancing value. - FY2017-Q2RestatedAnnual report
「While earning rental income during the ownership period, we seek to enhance asset value by making maximum use of Ichigo’s real estate expertise and know-how. In addition to offices, hotels and retail facilities, we develop and operate environmentally friendly, highly safe solar power plants nationwide, from Hokkaido to Okinawa, as an effective use of idle land. After completing the enhancement of real estate value, we generate high returns, including gains on sales.」
The Company continues to describe a revenue model combining rental income during ownership with gains on sales after enhancing value. - FY2017-Q1First statedAnnual report
「While earning rental income during the ownership period, we seek to enhance asset value by making maximum use of Ichigo’s real estate expertise and know-how. In addition to offices, hotels and retail facilities, we develop and operate environmentally friendly, highly safe solar power plants nationwide, from Hokkaido to Okinawa, as an effective use of idle land. After completing the enhancement of real estate value, we generate high returns, including gains on sales.」
The Company describes a revenue model that enhances property value while earning rental income and also generates gains on sales.