Lower leasing-business earnings due to higher repair expenses, taxes and public dues on company-owned properties
First written in FY2023-Q2. 7 of 14 entries say "Restated". Latest entry: 2026-11-12.
1 other company's latest entry also says "Advanced".
- FY2026AdvancedAnnual report
「The impact of higher property acquisition costs was absorbed by the full-year operation of properties acquired in the previous fiscal year, resulting in higher revenue and profit in the real estate leasing business. Accordingly, revenue was ¥6,555.870 million, up 10.2% from the previous fiscal year, and operating profit was ¥1,177.446 million, up 5.5%.」
The earnings headwinds from acquisition-related costs, repair expenses and other items that had continued through the previous fiscal year were absorbed by earnings from the full-year operation of properties acquired in the previous fiscal year, and the leasing business returned to higher revenue and profit. - 2026-05-13MitigatedResults
「物件取得に伴う費用増加の影響は、前事業年度に取得した物件が通年稼働したことで吸収され、不動産賃貸事業は増収増益となりました。」
物件取得に伴う一時的な費用増加が、既取得物件の通年稼働により吸収され、賃貸事業が増収増益となった。 - FY2026-H1RestatedAnnual report
「In the real estate leasing business, the company acquired 6 company-owned properties, comprising 2 in Fukuoka Prefecture and 1 each in Kyoto Prefecture, Osaka Prefecture, Shiga Prefecture and Aichi Prefecture. During the interim accounting period, revenue increased as properties acquired in the previous fiscal year contributed to higher rental income, but profit declined due to the recognition of non-deductible consumption tax and other amounts associated with newly acquired properties, as well as higher expenses, including repair expenses. As a result, revenue was ¥3,181.457 million, up 9.8% year on year, and operating profit was ¥622.137 million, down 18.2%.」
While newly acquired properties and properties acquired in the previous fiscal year increased leasing-business revenue, profit continued to decline due to higher expenses, including non-deductible consumption tax associated with new acquisitions and repair expenses. - FY2025RestatedAnnual report
「Revenue increased as properties acquired in the previous fiscal year operated for the full year, but profit declined due to higher one-time costs associated with property acquisitions and the implementation of planned repairs on company-owned properties. As a result, revenue was ¥5,946.945 million, up 6.7% from the previous fiscal year, and operating profit was ¥1,115.607 million, down 17.9%.」
The leasing business continued to generate higher revenue while profit declined due to one-time acquisition costs and planned repairs. - FY2025-H1RestatedAnnual report
「During the interim accounting period, revenue increased as properties acquired in the previous fiscal year contributed to higher rental income, but profit declined due to higher expenses, including repair expenses. As a result, revenue was ¥2,896.475 million, up 4.0% year on year, and operating profit was ¥760.363 million, down 9.8%.」
The leasing business continued to generate higher revenue as properties acquired in the previous fiscal year operated, while profit declined due to higher expenses, including repair expenses. - FY2024RestatedAnnual report
「In the real estate leasing business during the fiscal year, revenue increased as the company acquired 12 company-owned properties and properties acquired in the previous fiscal year operated for the full year. However, profit declined due to the impact of higher taxes and public dues. As a result, revenue was ¥5,571.385 million, up 6.2% from the previous fiscal year, and operating profit was ¥1,358.302 million, down 8.4%.」
While property acquisitions and full-year operation increased revenue, leasing-business profit declined due to higher taxes and public dues. - FY2024-Q3AdvancedAnnual report
「In the real estate leasing business, the company acquired 9 company-owned properties during the nine-month period. Revenue and profit increased as these newly acquired properties and properties acquired in the previous fiscal year contributed to higher rental income. As a result, revenue was ¥4,169.304 million, up 7.3% year on year, and operating profit was ¥1,244.166 million, up 14.4%.」
The real estate leasing business generated higher revenue and profit, with revenue up 7.3% and operating profit up 14.4%, as newly acquired properties and properties acquired in the previous fiscal year contributed to rental income. - FY2024-Q2RestatedAnnual report
「In the real estate leasing business, the company acquired 6 company-owned properties during the six-month period. Revenue and profit increased as these newly acquired properties and properties acquired in the previous fiscal year contributed to higher rental income. As a result, revenue was ¥2,786.187 million, up 9.1% year on year, and operating profit was ¥842.536 million, up 20.6%.」
The real estate leasing business continued to generate higher revenue and profit as rental income increased from newly acquired properties and properties acquired in the previous fiscal year. Revenue rose 9.1% year on year and operating profit rose 20.6%. - FY2024-Q1MitigatedAnnual report
「In the real estate leasing business, the company acquired 4 company-owned properties during the three-month period. Revenue and profit increased as rental income rose from these newly acquired properties and properties acquired in the previous fiscal year. As a result, revenue was ¥1,391.052 million, up 10.2% year on year, and operating profit was ¥454.266 million, up 31.9%.」
Following the decline in leasing-business earnings caused by higher repair expenses, taxes and public dues and other costs noted in the previous fiscal year, revenue and profit increased this quarter as rental income rose from acquired properties and other properties. - FY2023RestatedAnnual report
「Revenue increased as properties acquired in the previous fiscal year operated for the full year and properties acquired during the fiscal year contributed. However, profit declined due to higher expenses, including repair expenses, taxes and public dues on company-owned properties, as well as an increase in the allocation of corporate expenses.」
While property acquisitions and operations increased revenue, full-year operating profit declined 0.2% year on year to ¥1,482.097 million due to higher repair expenses, taxes and public dues and a greater allocation of corporate expenses. - FY2023-Q3MitigatedAnnual report
「In the real estate leasing business, the company acquired 10 company-owned properties during the nine-month period. During the period, revenue and profit increased as rental income rose due to the operation of these newly acquired properties and the full-year operation of properties acquired in the previous fiscal year.」
Following the decline in leasing-business earnings caused by higher repair expenses, taxes and public dues and other costs noted in the previous quarter, the real estate leasing business generated higher revenue and profit this quarter as rental income increased from the full-year operation of newly acquired properties and other properties. - FY2023-Q2First statedAnnual report
「Profit declined due to higher expenses, including repair expenses, taxes and public dues on company-owned properties, as well as an increase in the allocation of corporate expenses.」
Although rental income increased following the acquisition and operation of rental apartment properties, operating profit in the real estate leasing business declined 4.4% year on year to ¥698.799 million due to higher repair expenses, taxes and public dues on company-owned properties and a greater allocation of corporate expenses.