Temporary decline in rental income following the end of the LIXIL VIVA lease and efforts to secure a successor tenant
First written in FY2020-Q2. 2 of 5 entries say "Materialised", first in FY2020-Q3. Latest entry: FY2021.
The whole theme swung hardest in 2019: 2 of 6 companies on the "Worse" side.
5 other companies' latest entry also says "Mitigated".
- FY2021MitigatedAnnual report
「A successor tenant also opened in February 2021 in the former home improvement center building, which had been vacant within the same facility.」
A successor tenant opened in February 2021 in the former home improvement center building, which had become vacant after 株式会社ＬＩＸＩＬビバ moved out, advancing measures to address the risk of lower rental income. - FY2021-Q3MitigatedAnnual report
「Hasegawa Sangyo Co., Ltd., which signed a lease agreement in November 2020, is scheduled to open Sweet Decoration Honjo store (provisional name) in the former home improvement center building, which had been vacant within the same facility.」
A new lease agreement was signed in November 2020 for the former home improvement center building, which had been vacant since the end of the agreement with 株式会社ＬＩＸＩＬビバ, and the store was scheduled to open in mid-February 2021. - FY2020MaterialisedAnnual report
「The company agreed with 株式会社ＬＩＸＩＬビバ, the tenant leasing the company-owned land and buildings, on 25 October 2019 to terminate the lease upon expiration of its term on 22 November 2019. Negotiations with a successor tenant are currently under way.」
The end of the lease agreement with 株式会社ＬＩＸＩＬビバ was confirmed as a significant full-year contractual event, while negotiations with a successor tenant remained under way. - FY2020-Q3MaterialisedAnnual report
「The company agreed with 株式会社ＬＩＸＩＬビバ, the tenant leasing the company-owned land and buildings, on 25 October 2019 to terminate the lease upon expiration of its term on 22 November 2019. Negotiations with a successor tenant are currently under way.」
It was confirmed that the lease agreement with 株式会社ＬＩＸＩＬビバ ended on 22 November 2019 and that negotiations with a successor tenant remained under way. - FY2020-Q2First statedAnnual report
「The lease agreement with 株式会社ＬＩＸＩＬビバ is scheduled to end on 22 November 2019, and rental income is expected to decline temporarily. Negotiations with a successor tenant are currently under way, and the company will make an announcement promptly once a decision has been made.」
The company stated for the first time that rental income would temporarily decline following the scheduled end of the lease agreement with 株式会社ＬＩＸＩＬビバ and that negotiations for a successor tenant were under way without a decision having been reached.