Closure of company-operated hotels and reorganization into monthly apartments
First written in FY2022. 2 of 5 entries say "Restated". Latest entry: FY2023.
No other company in this theme has enough history to compare yet.
- FY2023AdvancedAnnual report
「The hotel ended operations in March 2022 and was dismantled in August of the same year.」
The company reports that its company-operated hotel was dismantled in August 2022 following the closure of hotel operations. The monthly apartment business continues under the Rental Management Headquarters. - FY2023-Q3RestatedAnnual report
「Following the organizational change in April 2022, we reclassified the monthly apartment business, which had previously been included in the Real Estate Leasing Business, to the Real Estate Management Business segment from the first quarter of the fiscal year under review.」
The company has continued to report the reclassification of the monthly apartment business to the Real Estate Management Business in its segment information. - FY2023-Q2RestatedAnnual report
「Following the organizational change in April 2022, we reclassified the monthly apartment business, which had previously been included in the Real Estate Leasing Business, to the Real Estate Management Business segment from the first quarter of the fiscal year under review.」
The company has continued to report the reclassification of the monthly apartment business to the Real Estate Management Business in its segment information. - FY2023-Q1ReframedAnnual report
「Following the organizational change in April 2022, we reclassified the monthly apartment business, which had previously been included in the Real Estate Leasing Business, to the Real Estate Management Business segment from the first quarter of the fiscal year under review.」
Following the closure of the hotels, the monthly apartment business was reclassified to the Real Estate Management Business as a reportable segment in line with the organizational change in April 2022. - FY2022First statedAnnual report
「In response to heightened uncertainty about the outlook due to intermittent outbreaks of COVID-19, we ended hotel operations at the end of March 2022 to concentrate management resources in other areas. Accordingly, the Lodging Business Headquarters was renamed Monthly Apartments Kyoto from April 2022 and placed under the Rental Management Headquarters of the Real Estate Management Business, together with Monthly Apartments Osaka.」
Hotel operations ended at the end of March 2022, and the business was reorganized under the monthly apartment business from the following month.