Recurring Revenue Base from Rental Income and Real Estate-Related Fees
First written in FY2020-Q2. 16 of 22 entries say "Advanced", first in FY2020-Q3. Latest entry: 2026-08-26.
The whole theme swung hardest in 2021: 2 of 16 companies on the "Worse" side.
12 other companies' latest entry also says "Advanced".
- 2026-08-26AdvancedEarnings presentation
「We are getting ahead of that development by calculating appropriate rents for all projects in light of inflation and entering negotiations to revise rents.」
The company specifically stated that it is calculating rents in light of inflation and negotiating rent revisions for all projects. canonical remains unchanged. - FY2026-H1Change in Revenue Mix Following Business SaleAnnual report
「The recurring fee-based business is centered on rental income from income-producing properties held by our group, as well as fees for management and operation after the sale of fractional real estate and office-unit products, property-management income from ADW Management USA, Inc. and operating transaction income from grid-scale battery storage facilities. Following the sale of the property-management business for external owners through the absorption-type company split of A.D. Partners Co., Ltd. on 13 January 2026, property-management income decreased year on year.」
The sale of the property-management business for external owners reduced property-management income, and recurring fee-based business revenue fell to ¥2,189 million, or 71.2% of the previous year. Rental income increased to ¥1,100 million, while new revenue sources such as battery-storage operating transaction income were also disclosed. - 2026-05-14OtherEarnings
「In addition, following the sale of the property management business for external owners through an absorption-type company split by AD Partners Co., Ltd. on 13 January 2026, property management revenue decreased year on year.」
Although the recurring fee-based business remains an important part of the business, property management revenue decreased following the sale of the property management business for external owners. - FY2025Change in Revenue Mix Following Business SaleAnnual report
「The recurring fee-based business plays an important role in ensuring the stability of our group’s performance. We recognize that enhancing product value from a sales perspective also helps secure rental income while properties are held by our group.」
The recurring fee-based business remains important to stabilizing performance. Annual revenue was ¥5,598 million and operating profit was ¥1,205 million, but the revenue mix will change following the sale of the property-management business for external owners in January 2026. - 2026-03-03SoftenedGeneral Meetings of Shareholders
「Following the sale in January 2026 of the property management business for external owners conducted by a consolidated subsidiary, we will strategically shift the personnel engaged in that business to work aimed at enhancing the value of properties in the single-building resale business, thereby continuing to secure strong growth in that business and underpinning the earnings base of our group.」
The company announced a policy of selling its property management business for external owners and transferring personnel to the single-building resale business. Although part of the recurring fee-based business will be reduced, management services for owned properties and fractionalized products will remain after the organizational restructuring. - FY2025-H1AdvancedAnnual report
「The recurring fee-based business plays an important role in ensuring the stability of our group’s performance. We recognize that enhancing product value from a sales perspective also helps secure rental income while properties are held by our group.」
The recurring fee-based business remains important to stabilizing performance. Revenue was ¥3,073 million and operating profit was ¥619 million, including rental income of ¥875 million and ¥2,198 million of income from property management, construction and other services. - FY2024-H1AdvancedAnnual report
「The recurring fee-based business plays an important role in ensuring the stability of our group’s performance. Principal revenue sources include rental income from income-producing properties held by our group, property-management income from A.D. Partners Co., Ltd. and ADW Management USA, Inc., and construction income from Sumikawa ADD Co., Ltd.」
The recurring fee-based business continues to be positioned as important to stabilizing performance, with rental income, property management and construction as its principal revenue sources. The year-end income-producing property balance increased to ¥50,364 million, while recurring fee income of ¥2,954 million and rental income of ¥871 million were below the previous year. - FY2024-Q1AdvancedAnnual report
「The average balance of income-producing properties during the period increased to ¥46,686 million in the first quarter from ¥43,046 million in the first quarter of the previous year, supported by steady acquisition activities.」
Steady acquisitions increased the average balance by ¥3,640 million year on year to ¥46,686 million. Rental income was ¥413 million and recurring fee-based business revenue was ¥1,411 million, both below the previous year. - FY2023AdvancedAnnual report
「As active acquisitions of income-producing properties in the ¥1 billion–¥2 billion range increased average property prices, the average balance during the period increased to ¥44,894 million from ¥34,876 million in the previous consolidated fiscal year.」
Higher property prices and active acquisitions increased the average balance from ¥34,876 million to ¥44,894 million. The recurring fee-based business generated revenue of ¥6,122 million and operating profit of ¥1,289 million. - FY2023-Q3AdvancedAnnual report
「The average balance of income-producing properties during the period increased to ¥44,623 million in the third quarter from ¥34,110 million in the third quarter of the previous year, supported by steady acquisition activities. We will continue working to expand the balance to strengthen the stable recurring fee-based business.」
The average balance increased by ¥10,513 million year on year to ¥44,623 million, supporting expansion of recurring fee-based services based on rental income and real estate management. - FY2023-Q2AdvancedAnnual report
「The average balance of income-producing properties during the period increased to ¥43,526 million in the second quarter from ¥32,963 million in the second quarter of the previous year, supported by steady acquisition activities. We will continue working to expand the balance to strengthen the stable recurring fee-based business.」
The average balance increased from ¥32,963 million to ¥43,526 million, and the group continues to expand recurring fee-based services based on rental income and property-management fees. - FY2023-Q1AdvancedAnnual report
「Because rental income from income-producing properties held by our group is a core source of revenue, we were able to secure stable revenue and profit in line with the strong performance of the income-producing property sales business.」
The recurring fee-based business generated revenue of ¥1,525 million, EBITDA of ¥358 million and operating profit of ¥331 million. The average balance increased from ¥30,955 million to ¥43,046 million, and rental income and property-management fees supported performance. - FY2022AdvancedAnnual report
「The average balance of income-producing properties during the period increased to ¥34,876 million from ¥27,796 million in the previous consolidated fiscal year, as active acquisitions of income-producing properties in the ¥1 billion–¥2 billion range increased average property prices.」
The average balance increased from ¥27,796 million to ¥34,876 million, and the recurring fee-based business generated revenue of ¥5,868 million and operating profit of ¥1,235 million. Improving the profitability of property management and its ability to handle large properties remains a challenge. - FY2022-Q3AdvancedAnnual report
「The average balance of income-producing properties during the period increased to ¥34,110 million in the third quarter from ¥26,873 million in the third quarter of the previous year, supported by steady acquisition activities. We will continue working to expand the balance to strengthen the stable recurring fee-based business.」
The average balance increased by ¥7,237 million year on year to ¥34,110 million, supporting expansion of the recurring fee-based business based on rental income and real estate management. - FY2022-Q2AdvancedAnnual report
「The average balance of income-producing properties during the period increased to ¥32,963 million in the second quarter from ¥25,668 million in the second quarter of the previous year, supported by steady acquisition activities. We will continue working to expand the balance to strengthen the stable recurring fee-based business.」
The average balance increased from ¥25,668 million to ¥32,963 million, and the group continues to expand the balance underlying rental income and real estate management. - FY2022-Q1AdvancedAnnual report
「The average balance of income-producing properties during the period increased to ¥30,955 million in the first quarter from ¥24,269 million in the first quarter of the previous year, supported by steady acquisition activities. We will continue working to expand the balance to strengthen the stable recurring fee-based business.」
The average balance increased by ¥6,686 million year on year to ¥30,955 million, and the group continues to expand recurring fee-based services based on rental income and real estate management. - FY2021-Q3AdvancedAnnual report
「The average balance of income-producing properties during the period was ¥26,873 million in the third quarter, supported by steady acquisitions. We will continue working to expand the balance to strengthen the stable recurring fee-based business.」
Steady acquisitions and leasing increased the average balance to ¥26,873 million. Rental income and property-management fees after sales were the principal revenue sources, supporting stable revenue and profit. - FY2021-Q2AdvancedAnnual report
「The average balance of income-producing properties during the period increased to ¥25,668 million in the second quarter from ¥24,687 million in the same period of the previous year, supported by steady acquisitions and effective leasing after acquisition. We will continue working to expand the balance to strengthen the stable recurring fee-based business.」
Steady acquisitions and leasing increased the average balance by ¥981 million year on year, supporting the stabilization and strengthening of the recurring fee-based business. - FY2021-Q1RestatedAnnual report
「Because rental income from income-producing properties held by our group is a core source of revenue, the impact of COVID-19 was limited, enabling us to secure revenue and profit broadly in line with expectations.」
The recurring fee-based business generated revenue of ¥1,281 million and operating profit of ¥169 million, achieving results close to expectations based on rental income. The average balance of income-producing properties during the period declined slightly year on year to ¥24,269 million, and the company stated that further expansion was necessary. - FY2020.Annual report
「Because rental income from income-producing properties held by our group is a core source of revenue, the impact of the spread of COVID-19 was limited, enabling us to secure revenue and profit broadly in line with plan. We also achieved results in construction orders, including winning large projects toward the fiscal year-end.」
The recurring fee-based business generated revenue of ¥3,480 million and operating profit of ¥568 million, securing revenue and profit close to plan based on rental income and winning large construction projects. - FY2020-Q3.Annual report
「Although the performance of Sumikawa Komuten Co., Ltd., which became a group company in the previous fiscal year, contributed to revenue exceeding the previous year’s level by ¥293 million, operating profit was ¥13 million below the previous year due to factors including higher personnel costs. The principal “recurring” revenue in this business includes management income from A.D. Partners Co., Ltd. and rental income from ADW Management USA, Inc.」
Revenue from the recurring fee-based business increased by ¥293 million year on year, partly due to Sumikawa Komuten, while operating profit decreased by ¥13 million due to higher personnel costs and other factors. - FY2020-Q2.Annual report
「While securing rental income from income-producing properties held by our group as a core source of revenue, we provide property management for income-producing properties owned by our group and properties under management, as well as fee-based services including real estate-focused asset-management consulting, real estate appraisal and due diligence.」
Revenue sources include rental income, property management, asset-management consulting, real estate appraisal and due diligence.