Maintaining and expanding stable rental income and redeveloping the Honjo district
First written in FY2016. 22 of 40 entries say "Advanced", first in FY2017-Q3. Latest entry: 2026-11-12.
No other company in this theme has enough history to compare yet.
- FY2026AdvancedAnnual report
「In the real estate utilization business, we continued to redevelop existing properties in Honjo City, Saitama Prefecture, while working to secure stable earnings from and consider further effective uses of other existing properties. We also actively pursued new property acquisitions and newly acquired land and a building in Iruma City, Saitama Prefecture, in October 2025.」
The company continues to address the redevelopment of existing properties in Honjo City toward completion. For new properties, it progressed from the previous interim period's signing of a sale and purchase agreement to the acquisition of land and a building in Iruma City, Saitama Prefecture, in October 2025. - FY2026-H1AdvancedAnnual report
「We have actively pursued the acquisition of new properties and, on 29 October of this year, entered into a land and building sale and purchase agreement to acquire land and a building in Iruma City, Saitama Prefecture.」
The company progressed from considering the acquisition of new rental properties to the stage of signing a sale and purchase agreement for land and a building in Iruma City, Saitama Prefecture. The agreement was signed on 29 October 2025, after the end of the interim period. - FY2025-H1RestatedAnnual report
「In the real estate utilization business, we continued to redevelop existing properties in Honjo City, Saitama Prefecture, while considering further effective uses of other existing properties and working to secure stable earnings from them. Going forward, we will continue to actively pursue the acquisition of high-quality properties with growth potential rooted in the local community and strong asset value, taking real estate market conditions and interest rate trends into account.」
The company continues to redevelop existing properties in Honjo City and consider securing stable earnings from and making more effective use of other existing properties. Its policy of acquiring high-quality rental properties also continues, but no new acquisition results or completion of the redevelopment are described. - FY2024RestatedAnnual report
「To make effective use of these management resources and expand our earnings base, we are redeveloping our shopping center in Honjo City, Saitama Prefecture, with only 1 Phase 2 building remaining to be developed. We also newly acquired land in Shinmachi, Takasaki City, Gunma Prefecture, and began leasing operations. Going forward, we will continue to optimize the structure and leasable area of existing facilities and actively pursue the acquisition of attractively priced rental properties, with the aim of improving profitability.」
The Honjo redevelopment remains with 1 Phase 2 building outstanding, and no new significant progress has been reported. The company continues to target improved profitability through the acquisition of land in Shinmachi, Takasaki City, and the start of leasing operations, optimization of existing facilities, and acquisition of high-quality properties. - FY2024-Q3AdvancedAnnual report
「In the real estate utilization business, we continued to redevelop existing properties in Honjo City, Saitama Prefecture, and newly acquired land for lease in Shinmachi, Takasaki City, Gunma Prefecture, with leasing commencing on 30 November 2023.」
While continuing the redevelopment of existing properties in Honjo City, the company newly acquired land for lease in Shinmachi, Takasaki City, and began leasing operations on 30 November 2023. The company described specific acquisition and operating results for expanding stable sources of income. - FY2024-Q2RestatedAnnual report
「In the real estate utilization business, we continued to redevelop existing properties in Honjo City, Saitama Prefecture, while actively considering new investment opportunities. Although no decision to acquire a property has been made as of the present time, we will continue to actively pursue the acquisition of high-quality properties with growth potential rooted in the local community and strong asset value, taking real estate market conditions and interest rate trends into account.」
The company continues to redevelop existing properties in Honjo City and consider acquiring new rental properties. No decision to acquire a new property has been made as of the present time. - FY2024-Q1RestatedAnnual report
「In the real estate utilization business, we continued to redevelop existing properties in Honjo City, Saitama Prefecture, while actively considering new investment opportunities. Although no decision to acquire a property has been made as of the present time, we will continue to actively pursue the acquisition of high-quality properties with growth potential rooted in the local community and strong asset value, taking real estate market conditions and interest rate trends into account.」
The company continues to redevelop existing properties in Honjo City and consider new investment opportunities. No decision to acquire any of the several new opportunities has been made as of the present time. - FY2023RestatedAnnual report
「We are redeveloping our shopping center in Honjo City, Saitama Prefecture, with only 1 Phase 2 building remaining to be developed. Going forward, we will continue to optimize the structure and leasable area of existing facilities and actively pursue the acquisition of attractively priced rental properties, with the aim of improving profitability.」
The Honjo redevelopment remains at the stage of developing the remaining 1 building. The company continues to target improved profitability through optimization of existing facilities' structure and leasable area and the acquisition of attractively priced properties. - FY2023-Q3RestatedAnnual report
「In the real estate utilization business, we continued to redevelop existing properties in Honjo City, Saitama Prefecture, while considering several investment opportunities. Although none has resulted in a decision to acquire a property, we will continue to actively pursue the acquisition of high-quality properties with growth potential rooted in the local community and strong asset value.」
The company continues to redevelop existing properties in Honjo City and consider acquiring rental properties. Although several opportunities were reviewed, no decision to acquire a property has been made. - FY2023-Q2RestatedAnnual report
「There has been no significant progress in developing the remaining 1 building in the redevelopment in Honjo City, Saitama Prefecture, but the company continues to address it.」
The company continues to address the remaining 1 building in the Honjo redevelopment while maintaining its view that there has been no significant progress. - FY2023-Q1AdvancedAnnual report
「In the real estate utilization business, we continued to redevelop existing properties in Honjo City, Saitama Prefecture, and newly acquired land for lease in Tatebayashi City, Gunma Prefecture, with leasing commencing in June of this year. There has been no significant progress in developing the remaining 1 building in the Honjo redevelopment. We will continue to actively pursue the acquisition of attractively priced rental properties while closely monitoring changes in construction material prices and interest rates.」
While there has been no significant progress on the remaining 1 building in the Honjo redevelopment, the company acquired land for lease in Tatebayashi, Gunma Prefecture, and began leasing operations in June 2022. It continues to pursue the acquisition of attractively priced rental properties. - FY2022-Q3RestatedAnnual report
「In the real estate utilization business, we proceeded with the development of the remaining 1 building in the redevelopment of the commercial facility in Honjo City, Saitama Prefecture, while periodically considering new investment opportunities. We continue to examine the acquisition of new properties carefully from every angle, including profitability and potential risks, for each opportunity. We will continue to consider acquiring rental properties while monitoring risks related to COVID-19 and market trends.」
The company continues to address the remaining 1 building at the Honjo commercial facility and consider new acquisitions of rental properties. There has been no change in its policy of carefully assessing profitability and potential risks for each opportunity. - FY2022-Q2RestatedAnnual report
「In the real estate utilization business, we proceeded with the development of the remaining 1 building in the redevelopment of the commercial facility in Honjo City, Saitama Prefecture, while」
The company continues to address the remaining 1 building at the Honjo commercial facility. No new completion date or construction progress is described. - FY2022-Q1RestatedAnnual report
「In the real estate utilization business, we proceeded with the development of the remaining 1 building in the redevelopment of the commercial facility in Honjo City, Saitama Prefecture, while periodically considering new investment opportunities. We continue to examine potential acquisitions carefully from every angle, including profitability and potential risks, as we have done previously. During the cumulative first-quarter consolidated period, we also considered several opportunities, but no investment decisions have been made as of the present time. We will continue to consider acquiring rental properties while monitoring risks related to COVID-19 and market trends.」
The company continues to address the remaining 1 building in the Honjo redevelopment and consider new investments in rental properties. Although several opportunities were reviewed, no investment decision has been made as of the present time. - FY2021AdvancedAnnual report
「We are redeveloping our shopping center in Honjo City, Saitama Prefecture, with only one Phase 2 building remaining to be developed. A successor tenant also opened in February 2021 in the vacant former home improvement store building at the facility. In addition, we newly acquired 2 rental properties in Maebashi and began leasing operations.」
The Honjo redevelopment has progressed with only 1 Phase 2 building remaining. A successor tenant opened in the former home improvement store building in February 2021. In Maebashi, 2 rental properties were newly acquired and leasing operations began. - FY2021-Q3AdvancedAnnual report
「In the real estate utilization business, 3 of the 4 buildings planned for the redevelopment of the Honjo commercial facility have been completed and leasing has begun. Hasegawa Sangyo Co., Ltd., which entered into a lease agreement in November 2020 for the vacant former home improvement store building at the facility, is scheduled to open the Honjo store of Suite Decoration under a provisional name. In addition to beginning leasing operations at the office building in Takasaki, Gunma Prefecture, and the drugstore property in Nishikatakai-cho, Maebashi, Gunma Prefecture, we plan to lease to a drugstore the land in Koaiki-cho, Maebashi, Gunma Prefecture, for which we entered into a sale and purchase agreement in December 2020.」
Three of the four buildings planned for the Honjo redevelopment have been completed and leasing has begun. A lease agreement was signed with Hasegawa Sangyo for the former home improvement store building, and the land in Koaiki-cho, Maebashi, is also scheduled to be leased to a drugstore. - FY2021-Q2AdvancedAnnual report
「In the real estate utilization business, one of the four buildings planned for the redevelopment of the Honjo commercial facility was completed and opened in June 2019, and one building under Phase 2 opened in August 2020. Leasing of the office building in Takasaki, Gunma Prefecture, began in April 2020, and the drugstore property in Maebashi, Gunma Prefecture, opened and began leasing operations in July 2020. We continue to pursue the acquisition of attractively priced rental properties while taking into account the spread of COVID-19.」
One large tenant building under Phase 2 of the Honjo redevelopment opened and began operations in August 2020. Leasing began at the Takasaki office building in April 2020 and at the Maebashi drugstore property in July 2020, bringing several real estate investments into operation. - FY2021-Q1AdvancedAnnual report
「In the real estate utilization business, of the redevelopment of existing properties in Honjo City, Saitama Prefecture, Phase 1 was completed and leasing began in June 2019, and Phase 2 construction is under way. Leasing of the rental office building near Takasaki Station began in April 2020. The drugstore property in Maebashi, Gunma Prefecture, was acquired in March 2020, opened in July 2020, and began operations as a leased property.」
Phase 2 of the Honjo redevelopment is under way. Leasing of the rental office building near Takasaki Station began in April 2020, while the Maebashi drugstore property was acquired in March 2020 and opened and began leasing operations in July 2020. - FY2020AdvancedAnnual report
「In the real estate utilization business, of the redevelopment of existing properties in Honjo City, Saitama Prefecture, Phase 1 was completed and leasing began in June 2019, and Phase 2 construction began. Costs for attracting new tenants and demolishing the old buildings, as well as losses on disposal, were recorded as one-time expenses in selling, general and administrative expenses and extraordinary losses, respectively. In addition, construction of the rental office building near Takasaki Station was completed, and we acquired a drugstore property in Maebashi, Gunma Prefecture, in March 2020.」
Phase 1 of the Honjo redevelopment was completed and leasing began, and Phase 2 construction started. In addition, the Takasaki rental office building was completed, and a drugstore property in Maebashi was acquired in March 2020. - FY2020-Q3AdvancedAnnual report
「At the Honjo redevelopment, Phase 1 was completed and leasing began in June 2019, while Phase 2 construction is currently under way and is scheduled for completion and lease commencement in November 2020.」
Regarding the Honjo redevelopment, completion and lease commencement for Phase 1 were confirmed, while Phase 2 construction is under way and scheduled for completion and lease commencement in November 2020. - FY2020-Q2SoftenedAnnual report
「At the Honjo redevelopment, the two Phase 1 buildings, one large food supermarket building and one bank building, were completed and opened in June 2019. The two Phase 2 buildings, one large tenant building and one medium-sized tenant building, are scheduled to begin construction in February 2020 and open in stages, with all stores expected to be operational by November 2020. The Honjo district redevelopment plan is expected to be fully completed by November 2020. On the Takasaki land, we are proceeding with plans to use the site's favorable location near Takasaki Station to build a six-story rental office building in place of the existing leased parking lot. Construction is scheduled to begin in October 2019, with completion in March 2020 and leasing commencing in June 2020.」
While completion and operation of Phase 1 of the Honjo redevelopment were confirmed, Phase 2 was changed from the previous schedule of construction beginning in December 2019 and all facilities becoming operational in June 2020 to construction beginning in February 2020 and all stores becoming operational in November 2020. The planned start of construction of the Takasaki rental office building was also set out as October 2019. - FY2020-Q1AdvancedAnnual report
「In the real estate utilization business, we are pursuing the redevelopment of our commercial facility in Honjo City, Saitama Prefecture, while working to further maintain and expand stable income. Phase 1 new construction, which began in August 2018, comprised one large food supermarket building and one bank building. Both buildings were completed in May 2019 and opened for business in June of the same year. Phase 2 new construction, comprising one large tenant building and one medium-sized tenant building, is scheduled to begin in December 2019, be completed in May 2020, and open in June. All properties covered by the redevelopment are expected to be operational by June 2020. We are also proceeding with plans to build a six-story rental office building on our land near Takasaki Station, replacing the existing leased parking lot. In June 2019, we entered into a fixed-term building lease agreement for the planned building, with construction scheduled to begin in September of the same year, completion in March 2020, and the start of leasing in June.」
Phase 1 construction at the Honjo commercial facility was completed in May 2019 and opened for business in June. Phase 2 construction is scheduled to begin in December 2019, be completed in May 2020, and open in June, specifying the operating schedule for all properties in the redevelopment. In addition, a fixed-term building lease agreement was signed for a six-story rental office building on land near Takasaki Station, and the construction, completion, and lease commencement schedule was specified. - FY2019AdvancedAnnual report
「Phase 1 new construction, which began in August 2018 and comprises one large food supermarket building and one bank building, is scheduled for completion in May 2019 and opening in June of the same year. Phase 2 new construction, comprising one large tenant building and one medium-sized tenant building, is scheduled to begin in December 2019, be completed in May 2020, and open in June. All properties covered by the redevelopment are expected to be operational by June 2020. In addition, on our land near Takasaki Station in Gunma Prefecture, we plan to replace the existing leased parking lot with a six-story rental office building.」
Phase 1 construction at the Honjo commercial facility has begun, with completion scheduled for May 2019 and opening in June. The Phase 2 schedule has been specified as construction beginning in December 2019, completion in May 2020, and opening in June. Capital expenditures for the redevelopment during the fiscal year totaled ¥481.352 million, and all properties are scheduled to be operational by June 2020. The company also stated plans to build a six-story rental office building on land near Takasaki Station. - FY2019-Q3SoftenedAnnual report
「Phase 1 new construction was initially scheduled for completion in March 2019, but due to delays in procuring construction materials and other factors, completion is now scheduled for May 2019, with opening and operations scheduled for June of the same year. Phase 2 new construction, comprising one large tenant building and one medium-sized tenant building, is scheduled to begin in December 2019, be completed in May 2020, and open in June, when all tenant buildings covered by the redevelopment are expected to be operational.」
While Phase 1 new construction for the Honjo district redevelopment is continuing, delays in procuring construction materials and other factors have pushed the scheduled completion and opening of Phase 1 from March and April 2019 to May and June of the same year. For Phase 2, the company has set out plans to begin construction in December 2019, complete it in May 2020, and open in June of the same year. - FY2019-Q2AdvancedAnnual report
「Against this backdrop, in the real estate utilization business, our Group pursued further efforts to maintain and expand stable income, advanced the redevelopment plan for our commercial facility in Honjo City, Saitama Prefecture, and completed the demolition of the existing buildings.」
Regarding the Honjo district redevelopment, demolition of the existing buildings was completed and Phase 1 new construction began. The completion and opening schedules for Phases 1 and 2 were also specified. - FY2019-Q1AdvancedAnnual report
「Against this backdrop, in the real estate utilization business, our Group pursued further efforts to maintain and expand stable income, advanced the redevelopment plan for our commercial facility in Honjo City, Saitama Prefecture, and in June 2018 entered into a building lease reservation agreement with tenants for a lease term of more than 30 years. The redevelopment involves new construction following the demolition of the existing buildings and is planned in two construction phases. Phase 1 construction began in August 2018, with one large building and one medium-sized building scheduled for completion in March 2019 and opening in April of the same year. The existing three-story building will then be demolished, Phase 2 construction will begin in September 2019, and one large tenant building and one medium-sized tenant building are scheduled for completion in March 2020 and opening in April of the same year, when all tenant buildings covered by the redevelopment are expected to be operational.」
Regarding the Honjo district redevelopment, the company entered into lease reservation agreements with tenants for terms exceeding 30 years and specified the start and completion dates for Phases 1 and 2, as well as their opening dates. - FY2018AdvancedAnnual report
「We have decided to rebuild our shopping center in Honjo City, Saitama Prefecture. Taking this opportunity, we aim to optimize the building structure and leasable area and improve profitability.」
Regarding the Honjo district redevelopment, the company specified the plan's objectives: rebuilding the shopping center, optimizing its structure and leasable area, and improving profitability. - FY2018-Q3RestatedAnnual report
「Against this backdrop, in the real estate utilization business, our Group continued to advance plans for the redevelopment of the Honjo district in order to further maintain and expand stable income.」
The company continues to advance the Honjo district redevelopment plan to maintain and expand stable income. No new specific milestones are described. - FY2018-Q2RestatedAnnual report
「Against this backdrop, in the real estate utilization business, our Group continued to advance plans for the redevelopment of the Honjo district in order to further maintain and expand stable income.」
The company continues to advance the Honjo district redevelopment plan. No new specific milestones are described. - FY2018-Q1AdvancedAnnual report
「Against this backdrop, in the real estate utilization business, our Group decided to proceed with and advance the redevelopment of the Honjo district in order to further maintain and expand stable income.」
The company explicitly stated that, having previously reached the stage of deciding on a plan to rebuild some existing buildings, it had decided to proceed with the redevelopment of the Honjo district itself. - FY2017AdvancedAnnual report
「Against this backdrop, in the real estate utilization business, our Group continued efforts to maintain and expand stable income, advanced negotiations with tenants toward formulating specific plans for the redevelopment of the Honjo district, and decided on a plan to rebuild some existing buildings.」
Regarding the Honjo district redevelopment, the company advanced tenant negotiations and decided on a plan to rebuild some existing buildings. - FY2017-Q3AdvancedAnnual report
「Against this backdrop, in the real estate utilization business, our Group began detailed studies aimed at formulating specific plans for the redevelopment of the Honjo district in order to further maintain and expand stable income.」
The company explicitly stated that it had moved from its previous review of the Honjo district redevelopment to detailed studies aimed at formulating specific plans. - FY2017-Q2RestatedAnnual report
「Against this backdrop, in the real estate utilization business, our Group continued to consider the redevelopment of the Honjo district in order to further maintain and expand stable income.」
The company continues to consider redevelopment of the Honjo district while maintaining and expanding stable income. No specific progress or changes to the plans are described. - FY2017-Q1RestatedAnnual report
「Against this backdrop, in the real estate utilization business, our Group continued to consider the redevelopment of the Honjo district in order to further maintain and expand stable income.」
The company continues to pursue redevelopment of the Honjo district and the maintenance and expansion of stable income. No specific progress or changes to the plans are described. - FY2016First statedAnnual report
「In the real estate utilization business, we have continued efforts to maintain and expand stable income, and have begun attracting tenants and negotiating with existing tenants toward formulating specific plans for the redevelopment of the Honjo district.」
For the shopping center in Honjo City, the company identifies redevelopment through the development of stores and facilities that meet local needs, tenant recruitment, and negotiations with existing tenants as key issues.