Komori
Choei (2993) · InitiativeAdvanced

Growth in management-related services from large-scale renovations and real estate sales brokerage

First written in FY2022-Q3. 16 of 21 entries say "Advanced", first in FY2022. Latest entry: 2026-11-12.

21entries
5years
7from disclosures
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How it moved
ProgressHeldSoftenedWorseAdvancedFY2022 – FY2023OtherFY2024-Q1 – FY2024AdvancedFY2025-H1 – 2026-11-122022: 420222023: 420232024: 320242025: 220252026: 82026
Same theme, other companies
Expansion from facilities management into repairs, renovations and real estate operationsA theme 2 companies write about · 0 as a headwind · 2 as a tailwind

0 other companies' latest entry also says "Advanced".

Ridges = years it wrote progress, valleys = years it wrote worse. Most hopeful companies at the back. Drag to turn, scroll to zoom, right-drag to pan. On a phone, two fingers turn and pinch to zoom; one finger scrolls the page.
Full recordFilings, disclosures and news, newest first
  1. FY2026AdvancedAnnual report

    「In the real estate management business for the fiscal year, management revenue remained solid as the number of managed units increased, while construction revenue and other revenue increased, resulting in higher revenue and earnings.」

    In management-related services, construction revenue and other revenue increased, contributing to higher revenue and earnings in the management business.
  2. FY2026-H1AdvancedAnnual report

    「In the real estate management business, management revenue remained solid as the number of managed units increased, and construction revenue and other revenue also increased, resulting in higher revenue. However, earnings declined due to higher expenses, including personnel costs. As a result, net sales were ¥2,074.163 million, up 4.8% year on year, and operating profit was ¥288.029 million, down 0.9%.」

    Management revenue and construction revenue and other revenue increased against a backdrop of growth in the number of managed units, resulting in management business net sales rising 4.8%. Operating profit declined 0.9% due to higher expenses, including personnel costs.
  3. FY2025AdvancedAnnual report

    「In the real estate management business for the fiscal year, management revenue remained solid as the number of managed units increased, while brokerage revenue and construction revenue and other revenue increased, resulting in higher revenue and earnings. As a result, net sales were ¥4,071.062 million, up 7.2% year on year, and operating profit was ¥685.217 million, up 47.1%.」

    In addition to growth in the number of managed units, brokerage revenue and construction revenue and other revenue increased, resulting in net sales rising 7.2% and operating profit rising 47.1%.
  4. FY2025-H1AdvancedAnnual report

    「In the real estate management business, management revenue remained solid as the number of managed units increased, while brokerage revenue and construction revenue and other revenue increased, resulting in higher revenue and earnings. As a result, net sales were ¥1,978.518 million, up 9.5% year on year, and operating profit was ¥290.648 million, up 35.6%.」

    It specifically reports that growth in the number of managed units, brokerage revenue, and construction revenue and other revenue resulted in management business net sales rising 9.5% and operating profit rising 35.6%.
  5. FY2024RestatedAnnual report

    「In the real estate management business for the fiscal year, management revenue remained solid, monthly rental sales increased as demand for monthly apartments recovered, and construction revenue and other revenue also increased. However, revenue and earnings declined due to the impact of brokerage revenue from a large real estate sales transaction recorded in the previous fiscal year.」

    Although demand for monthly apartments recovered and construction revenue increased, the reversal of the large real estate sales brokerage transaction continued to weigh on full-year performance in management-related services.
  6. FY2024-Q3Continued decline in large brokerage transactions and renovation ordersAnnual report

    「In the real estate management business, management revenue remained solid and monthly rental sales increased as demand for monthly apartments recovered with the normalization of social activity. However, revenue and earnings declined due to the impact of brokerage revenue from a large real estate sales transaction recorded in the same period of the previous year and a decline in orders for large-scale renovation work.」

    Although demand for monthly apartments has recovered, the reversal of the large real estate sales brokerage transaction recorded in the same period of the previous year and the decline in orders for large-scale renovation work continue to reduce revenue and earnings from management-related services.
  7. FY2024-Q2RestatedAnnual report

    「In the real estate management business, management revenue remained solid and monthly rental sales and other revenue increased as demand for monthly apartments recovered following the easing of restrictions on movement and economic activity. However, the significant impact of brokerage revenue from a large real estate sales transaction recorded in the same period of the previous year resulted in lower revenue and earnings.」

    The absence of large real estate sales brokerage transactions and the reversal of the previous year's results continue to be factors behind lower revenue and earnings in management-related services.
  8. FY2024-Q1Slowdown in large transactions and renovation ordersAnnual report

    「In the real estate management business, management revenue remained solid and monthly rental sales and other revenue increased as demand for monthly apartments recovered following the easing of restrictions on movement and economic activity. However, the impact of brokerage revenue from a large real estate sales transaction recorded in the same period of the previous year was significant, and the decline in orders for large-scale renovation work also contributed to lower revenue and earnings. As a result, net sales were ¥883.961 million, down 26.8% year on year, and operating profit was ¥112.215 million, down 73.8%.」

    Although monthly rental sales and other revenue increased, the real estate management business reported lower revenue and earnings due to the reversal of the large brokerage transaction recorded in the same period of the previous year and the decline in orders for large-scale renovation work.
  9. FY2023AdvancedAnnual report

    「In the real estate management business, management revenue remained solid, while the closing of a large real estate sales brokerage transaction made a significant contribution to revenue.」

    The real estate management business, including management-related services such as construction, brokerage, and support for international students, reported higher revenue and earnings for the full fiscal year, in addition to the closing of a large sales brokerage transaction.
  10. FY2023-Q3AdvancedAnnual report

    「Increased orders for large-scale renovation work and growth in support services for rental brokerage relating to international students following the lifting of entry restrictions also contributed to higher revenue. In addition, a large real estate sales brokerage transaction was closed.」

    It reports specific progress in existing renovation, support services for international students, and sales brokerage initiatives, including increased orders, growth in services, and the closing of transactions.
  11. FY2023-Q2AdvancedAnnual report

    「In the real estate management business, management revenue increased only slightly during the cumulative second quarter period, but the closing of a large real estate sales brokerage transaction made a significant contribution to revenue. Increased orders for large-scale renovation work and growth in support services for rental brokerage relating to international students following the lifting of entry restrictions also contributed to higher revenue. As a result, net sales were ¥2,049.590 million, up 20.8% year on year, and operating profit was ¥529.521 million, up 137.3%.」

    It specifically reports that, for existing brokerage, renovation, and support initiatives for international students, the closing of brokerage transactions and increased orders contributed to higher revenue and earnings during the cumulative second quarter period.
  12. FY2023-Q1AdvancedAnnual report

    「In the real estate management business, management revenue increased only slightly during the cumulative first quarter period, but the closing of a large real estate sales brokerage transaction made a significant contribution to revenue. Increased orders for large-scale renovation work and growth in rental support services for international students following the lifting of entry restrictions also contributed to higher revenue. As a result, net sales were ¥1,208.089 million and operating profit was ¥428.424 million.」

    It specifically reports that the closing of a large brokerage transaction, increased orders for large-scale renovation work, and growth in rental support services for international students contributed to net sales and operating profit in the management business.
  13. FY2022AdvancedAnnual report

    「Specifically, orders for large-scale renovation work, including exterior wall repairs, increased as demand expanded. Real estate sales brokerage transactions also increased as opportunities for business discussions recovered. As a result, net sales were ¥3,441.052 million, up 9.0% year on year, and operating profit was ¥559.078 million, up 7.7%.」

    Growth in renovation work and real estate sales brokerage resulted in measurable progress, with management business net sales up 9.0% and operating profit up 7.7%.
  14. FY2022-Q3First statedAnnual report

    「Specifically, orders for large-scale renovation work increased as uncertainty about the outlook eased. Real estate sales brokerage also increased as opportunities for business discussions recovered.」

    It identifies renovation work and real estate sales brokerage as specific activities within the services related to the real estate management business.
Moved together

"Recovery in operating activity in the real estate management business" moved the same way as this thread, in the same document, in 16 of its 21 moves.

1614131176★123456
  1. ★This thread
  2. 1Recovery in operating activity in the real estate management business16×
  3. 2Expansion of the leasing business through the acquisition of new rental properties14×
  4. 3Increase in managed units and properties owned by the company13×
  5. 4KPI management of units under management, company-owned properties and occupancy rates11×
  6. 5Combining operating cash flow, borrowings and capital increases to fund acquisitions of company-owned properties7×
  7. 6Expansion into new areas through the advance acquisition of company-owned properties6×

★ is this thread; numbers match the list above. The number on a line is how many documents both moved the same way in; lines between the other threads count the documents they moved together in too. Threads that move together often sit closer.

When this could move next
Choei's next results are scheduled for 2026-11-12. Read the earnings preview It last moved in the Financial results presentation of 2026-11-12: "Advanced".
News
No news is linked to this thread yet. When an article touches it, it will appear here by date.