Decline in demand for monthly apartments
First written in FY2022-Q3. 4 of 6 entries say "Restated". Latest entry: FY2024.
The whole theme swung hardest in 2020: 11 of 31 companies on the "Worse" side.
19 other companies' latest entry also says "Restated".
- FY2024RestatedAnnual report
「Monthly apartment sales increased as demand for monthly apartments recovered.」
The company explains that the recovery in demand for monthly apartments and the increase in monthly apartment sales continued throughout the fiscal year. - FY2024-Q3RestatedAnnual report
「In the property management business, management income remained solid, and sales from monthly apartments also increased as demand recovered with the normalisation of social activity.」
The company explains that the recovery in demand for monthly apartments and the increase in monthly apartment sales have continued as social activity has normalised. - FY2024-Q2RestatedAnnual report
「Sales from monthly apartments and related businesses also increased as demand for monthly apartments recovered following the easing of restrictions on movement and economic activity.」
The company explains that the recovery in demand for monthly apartments and the increase in monthly apartment sales and related revenue have continued. - FY2024-Q1MitigatedAnnual report
「In the property management business, management income remained solid, while sales from monthly apartments and related businesses also increased as demand for monthly apartments recovered following the easing of restrictions on movement and economic activity.」
As restrictions on movement and economic activity were eased, demand for monthly apartments, which had declined through the previous fiscal year, recovered, increasing monthly apartment sales and related revenue. The same paragraph also explains that overall revenue and profit in the property management business decreased due to the reversal of the effect of a large brokerage transaction and other factors. - FY2022RestatedAnnual report
「During the fiscal year, revenue from the hotel and monthly apartment businesses decreased, but overall revenue increased because the rise in rental income from the full-year operation of company-owned properties acquired in the previous fiscal year more than offset the decline.」
The company explains that although lower revenue from the monthly apartment business has continued, rental income from company-owned properties exceeded the decline. - FY2022-Q3First statedAnnual report
「During the cumulative third-quarter period, revenue from the monthly apartment business decreased due to weaker demand. However, rental income from properties acquired in the previous fiscal year exceeded the decline, resulting in higher overall revenue.」
The disclosure states that the monthly apartment business actually experienced lower revenue due to weaker demand.