Declining Rental Income Due to Lease Terminations and Vacancies
First written in FY2020. 6 of 12 entries say "Mitigated", first in FY2021-Q3. Latest entry: FY2026-H1.
The whole theme swung hardest in 2020: 10 of 27 companies on the "Worse" side.
14 other companies' latest entry also says "Restated".
- FY2026-H1RestatedAnnual report
「In the leasing business, existing rental properties continued to operate smoothly from the previous consolidated fiscal year amid stable market conditions, and revenue and profit increased year on year.」
It was disclosed that existing rental properties continued to operate smoothly and rental income remained stable. No new deterioration in vacancy or lease-cancellation risk was indicated. - FY2025MitigatedAnnual report
「Market conditions are stable and tenant occupancy has remained at nearly 100%, so rental income has remained solid, but」
Although several tenant changes occurred, occupancy remained at nearly 100% and rental income remained solid. It was disclosed that the risk of reduced income from vacancies and lease cancellations had been contained to some extent. - FY2024MaterialisedAnnual report
「In the leasing business, occupancy rates for income-producing properties held in-house on a long-term basis were relatively stable, but fixed assets were sold and some tenants moved out.」
Although occupancy rates were described as relatively stable, some tenants moved out, and leasing-business revenue decreased by 6.8% year on year. The risk of lease cancellations and vacancies was reflected to some extent in actual results. - FY2024-Q3RestatedAnnual report
「The impact of COVID-19 has become limited, and there were no notable changes in the operating status of rental real estate or in move-in and move-out activity.」
There were no notable changes in the operating status of rental real estate or in move-in and move-out activity, and it was disclosed that the risk of earnings volatility due to lease cancellations and vacancies had not become pronounced. - FY2024-Q1RestatedAnnual report
「In the leasing business, existing rental properties continued to operate smoothly from the previous consolidated fiscal year, securing stable income.」
The disclosure continued to state that existing rental properties were operating smoothly and securing stable income. - FY2023MitigatedAnnual report
「In the leasing business, performance remained solid as rental income from resort facilities recovered, in addition to the acquisition of a new rental property in 2-chome, Shinmachi, Setagaya-ku, Tokyo, in March 2022 and the start of operations in April of the same year. As a result, revenue was ¥109.462 million, up 109.5% year on year, and segment profit was ¥52.515 million, up 553.9% year on year.」
The launch of operations at a new rental property and the recovery in resort-facility rental income strengthened mitigating factors for the risks of declining rental income and vacancies, and leasing-business revenue and profit significantly exceeded the previous year. - FY2023-Q3MitigatedAnnual report
「In the leasing business, rental income remained solid, partly because a new rental property was acquired in 2-chome, Shinmachi, Setagaya-ku, Tokyo, in March 2022 and began operations in April of the same year.」
The acquisition and launch of a new rental property supported solid rental income and added a mitigating factor for the risk of reduced income from lease cancellations and vacancies. - FY2023-Q2MitigatedAnnual report
「In the leasing business, performance remained solid on stable rental income, partly because rental properties had been acquired at the end of the previous fiscal year and the occupancy rate of owned resort rental properties had increased.」
The occupancy rate of resort rental properties, for which a decline had previously been disclosed, increased, indicating that rental income stabilized. It was disclosed that the risk of reduced income from lease cancellations and vacancies had declined to some extent. - FY2022-Q1RestatedAnnual report
「The rental business primarily comprises residential income-generating properties. It remained steady, supported by stable rental income, with no sudden move-outs or rent arrears resulting from the spread of COVID-19.」
The disclosure continued to state that residential income-producing properties had maintained stable income, with no sudden move-outs or rent arrears due to COVID-19. - FY2021MitigatedAnnual report
「In residential income-producing properties, there were no sudden move-outs due to the spread of COVID-19, but rental income from resort facilities declined.」
Because there were no sudden move-outs from residential income-producing properties, the risk of lease cancellations and vacancies at residential properties was contained. Meanwhile, the decline in rental income from resort facilities remained. - FY2021-Q3MitigatedAnnual report
「In the leasing business, there were no sudden move-outs from residential income-producing properties due to the spread of COVID-19, but, as in the second quarter of the consolidated fiscal year, rental income from resort facilities declined.」
The disclosure stated that there were no sudden move-outs from residential income-producing properties due to COVID-19, limiting the risk of lease cancellations and vacancies to some extent. Meanwhile, the decline in rental income from resort facilities continued. - FY2020First statedAnnual report
「Because tenants may be permitted to terminate lease agreements during the lease term by giving notice a specified period in advance, an increase in lease cancellations could reduce the Group's rental income and otherwise affect its operating results and financial position until replacement tenants are found.」
The risks of lease renewals and cancellations and securing replacement tenants were disclosed for the leasing business as a stable source of income.