Enhancing rental properties through facility upgrades, tenant management and occupancy initiatives
First written in FY2022. 4 of 6 entries say "Advanced", first in FY2023-Q1. Latest entry: FY2026.
The whole theme swung hardest in 2021: 1 of 11 companies on the "Worse" side.
4 other companies' latest entry also says "Restated".
- FY2026RestatedAnnual report
「When acquiring existing properties, the company selectively acquires highly profitable real estate and seeks to improve profitability through value enhancement involving facility upgrades and tenant management, among other measures.」
The company has reconfirmed its policy of enhancing the value of existing properties through facility upgrades and tenant management. - FY2025AdvancedAnnual report
「Some key tenants at the commercial facility in Otsu, Shiga Prefecture, changed, but the process proceeded without creating a prolonged vacancy.」
The company has disclosed a specific operating record of avoiding a prolonged vacancy when changing key tenants. - FY2024-Q1AdvancedAnnual report
「Costs were incurred in connection with the renovation of the commercial facility Yamaiichi GARDEN Kii-Kawanabe, which was acquired on 24 April 2023.」
Renovation of the acquired commercial facility is progressing as a concrete value-enhancement initiative for owned properties. - FY2023-Q2AdvancedAnnual report
「Apartment operations remained steady because they are relatively insulated from economic fluctuations. Daily-needs retail tenants in commercial properties also operated steadily, while restaurant tenants were recovering.」
Apartment and daily-needs retail operations remained steady, while restaurant tenants entered a recovery trend. - FY2023-Q1AdvancedAnnual report
「Lease renewals for apartment units progressed smoothly. A new tenant moved into a commercial facility in June 2022, although the contribution to revenue is expected to be reflected from the second quarter onward.」
Apartment lease renewals progressed smoothly, and a new tenant moved into a commercial facility in June 2022. - FY2022First statedAnnual report
「The Group believes that it generates stable income by enhancing value through facility upgrades, tenant management and initiatives to attract occupants, among other measures.」
The Group identifies operating improvements at owned properties as measures to generate stable income.