Strengthening profitability and the financial base through more effective use of capital
First written in FY2018. 20 of 27 entries say "Advanced", first in FY2019. Latest entry: FY2026.
The whole theme swung hardest in 2020: 3 of 17 companies on the "Worse" side.
8 other companies' latest entry also says "Advanced".
- FY2026AdvancedAnnual report
「Total capital expenditures for the consolidated fiscal year amounted to ¥441.889 million, comprising mainly ¥411.675 million for the acquisition of a leased property in Iruma, Saitama Prefecture.」
Acquisition of the land and buildings in Iruma, Saitama Prefecture, for which a sale and purchase agreement was entered into during the previous interim period, was completed, and ¥411.675 million was invested during the fiscal year. Total annual capital expenditures amounted to ¥441.889 million, indicating that the use of capital in the real estate business progressed from the contract stage to an actual acquisition and investment. - 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.」
Regarding the use of capital in real estate, the Company progressed from considering new properties to entering into a sale and purchase agreement for land and buildings in Iruma, Saitama Prefecture. The contract date was 29 October 2025, after the end of the interim period. - FY2024AdvancedAnnual report
「Total capital expenditures for the consolidated fiscal year amounted to ¥238.607 million, comprising mainly ¥226.832 million for the acquisition of a leased property in Takasaki, Gunma Prefecture.」
Total capital expenditures for the fiscal year amounted to ¥238.607 million, most of which was invested in the acquisition of a leased property in Takasaki. The use of capital in the real estate business has taken concrete form through acquisitions and investments. - FY2024-Q3AdvancedAnnual report
「Contract date: 30 November 2023; location: Shinmachi, Takasaki, Gunma Prefecture; area: 5,177.33㎡. The Company succeeded to the position of lessor under the fixed-term land lease agreement for business purposes entered into between the seller and the lessee. Following succession to the contractual position, the Company entered into a new fixed-term land lease agreement for business purposes with a term of 20 years.」
Regarding the 5,177.33㎡ of land in Shinmachi, Takasaki, a land sale and purchase agreement was entered into on 30 November 2023, and the Company succeeded to the position of lessor. Following succession to the contractual position, it entered into a new 20-year fixed-term land lease agreement for business purposes and commenced leasing on 30 November. - 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 its policy of using capital in real estate and acquiring high-quality properties, but did not reach a decision to acquire a new property during the quarter. - FY2023AdvancedAnnual report
「Total capital expenditures for the consolidated fiscal year amounted to ¥190.248 million, comprising mainly ¥157.635 million for the acquisition of a leased property in Tatebayashi, Gunma Prefecture, and ¥21.059 million for repair work on a leased property in Honjo, Saitama Prefecture.」
Regarding the use of capital in the real estate business, ¥190.248 million was invested during the fiscal year, including the acquisition of a leased property in Tatebayashi and repairs to a property in Honjo. - 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 pursue its policy of using capital in the real estate business and considered multiple investment projects, but no acquisition decision has been made. It continues to seek properties with expected growth potential and asset value rooted in the local community. - FY2023-Q2RestatedAnnual report
「The Company will continue to closely monitor fluctuations in construction material prices, interest rate trends and other factors, and will actively pursue the acquisition of leased properties on favourable terms.」
The Company continues to use capital in the real estate business and pursue the acquisition of properties on favourable terms. Its policy of monitoring construction material prices and interest rate trends remains unchanged. - FY2023-Q1AdvancedAnnual report
「The Company newly acquired land for lease in Tatebayashi, Gunma Prefecture, and commenced leasing it in June of this year.」
Regarding the use of capital in the real estate business, the Company acquired land for lease in Tatebayashi and commenced leasing it in June 2022. - FY2022AdvancedAnnual report
「On 20 October 2021, the Company entered into a land sale and purchase agreement for land in Otani-cho, Tatebayashi, Gunma Prefecture. The lease term is 30 years, the store opened on 28 May 2022, and succession to the contractual position under the fixed-term land lease agreement for business purposes took place on 24 June 2022.」
Regarding the land for lease in Tatebayashi, Gunma Prefecture, the Company disclosed the 30-year lease term following the sale and purchase agreement dated 20 October 2021, the store opening on 28 May 2022 and the succession to the contractual position under the fixed-term land lease agreement for business purposes on 24 June of the same year. - FY2022-Q3AdvancedAnnual report
「The following material contract was newly entered into during the third quarter of the consolidated fiscal year: land sale and purchase agreement. Contract date: 20 October 2021; location: Otani-cho, Tatebayashi, Gunma Prefecture; area: 4,873.14㎡. The lease term is 30 years, the store is scheduled to open in late May 2022, and succession to the contractual position under the fixed-term land lease agreement for business purposes is scheduled for late June 2022.」
The Company disclosed details of the property in Tatebayashi, Gunma Prefecture, including the land sale and purchase agreement dated 20 October 2021, the area of 4,873.14㎡, the 30-year lease term, the store opening scheduled for late May 2022 and the scheduled succession to the contractual position in late June of the same year. - FY2022-Q2AdvancedAnnual report
「As before, the Company carefully examines the profitability, potential risks and other factors of each prospective new investment from every angle. It has now entered into a land sale and purchase agreement to acquire a property in Tatebayashi, Gunma Prefecture.」
Regarding the use of capital in the real estate business, a land sale and purchase agreement was entered into for the acquisition of a property in Tatebayashi, Gunma Prefecture. The new investment project progressed from evaluation to the contract stage. - FY2021AdvancedAnnual report
「Total capital expenditures for the consolidated fiscal year amounted to ¥954.155 million, comprising mainly ¥367.239 million for the commercial facility redevelopment in Honjo, Saitama Prefecture, ¥164.833 million for the construction of a leased office building in Takasaki, Gunma Prefecture, and ¥404.955 million for the acquisition of a leased property in Maebashi, Gunma Prefecture.」
Approximately ¥954 million was invested in the real estate business, with capital investment directed to the Honjo redevelopment, the Takasaki office building and the Maebashi leased property. - FY2021-Q3AdvancedAnnual report
「Following the commencement of leasing at the office building in Takasaki, Gunma Prefecture, and the drugstore property in Nishikatagai-cho, Maebashi, Gunma Prefecture, the Company also plans to lease to a drugstore the land in Koaiki-cho, Maebashi, for which a sale and purchase agreement was entered into in December 2020.」
Following the commencement of leasing at the existing Takasaki and Maebashi properties, a sale and purchase agreement was entered into for land in Koaiki-cho, Maebashi, in December 2020, and the land is scheduled to be leased to a drugstore. - FY2021-Q2AdvancedAnnual report
「In addition, regarding the commercial facility redevelopment in Honjo, Saitama Prefecture, which was planned in the previous consolidated fiscal year, one large tenant building under Phase 2 of the new construction work was completed in July 2020 and opened and commenced operations in August of the same year. As a result, buildings and structures increased by ¥252 million.」
Regarding the capital investment in the Honjo commercial facility redevelopment, one large tenant building under Phase 2 of the new construction work was completed in July 2020 and opened and commenced operations in August, increasing buildings and structures by ¥252 million. - FY2021-Q1AdvancedAnnual report
「The leased office building near Takasaki Station in Gunma Prefecture, whose construction had been underway during the previous consolidated fiscal year, was completed, including interior work, and leasing commenced in April 2020. As a result, buildings and structures increased by ¥467 million.」
The leased office building near Takasaki Station was completed and leasing commenced in April 2020, increasing buildings and structures by ¥467 million. This indicates that investment in leased properties progressed to the operating stage. - FY2020AdvancedAnnual report
「Capital expenditures of ¥373.706 million were made for the commercial facility redevelopment in Honjo, Saitama Prefecture, ¥365.500 million for the construction of a leased office building in Takasaki, Gunma Prefecture, and ¥315.573 million for the acquisition of a leased property in Maebashi, Gunma Prefecture.」
Total capital expenditures for the real estate business amounted to ¥1,081.048 million, with capital investment allocated to the Honjo redevelopment, the Takasaki leased office building and the Maebashi leased property. Construction of the Takasaki property was completed, and the Maebashi property was acquired in March 2020. - FY2020-Q3AdvancedAnnual report
「On 26 December 2019, the Company entered into an agreement to acquire land in Maebashi, Gunma Prefecture, and a building currently under construction on that land (the “income-producing property”). Following completion and handover of the income-producing property, scheduled for late March 2020, the Company plans to enter into the building lease agreements described below.」
Regarding the effective use of capital and investment in the real estate business, an agreement to acquire an income-producing drugstore property in Maebashi was entered into on 26 December 2019. Following completion and handover in late March 2020, a lease agreement is planned, with the lease scheduled to commence in mid-May 2020 and run for 20 years from the lease commencement date. - FY2020-Q2AdvancedAnnual report
「In the commercial facility redevelopment in Honjo, Saitama Prefecture, which was planned in the previous consolidated fiscal year, Phase 1 of the new construction work, comprising one large supermarket building and one bank building, was completed in May 2019 and opened and commenced operations in June of the same year. As a result, buildings and structures increased by ¥750 million.」
Regarding the Honjo commercial facility redevelopment, buildings and structures increased by ¥750 million upon completion and opening of Phase 1. In addition, capital expenditures of ¥337 million for the acquisition of property, plant and equipment were recorded during the cumulative second quarter period. - FY2020-Q1AdvancedAnnual report
「The first phase of new construction for the redevelopment of the commercial facility in Honjo, Saitama Prefecture, which the Company had been planning in the previous consolidated fiscal year, was completed in May 2019 and opened and began operations in June of the same year. As a result, buildings and structures increased by ¥832 million.」
Regarding the capital investment in the Honjo commercial facility redevelopment, buildings and structures increased by ¥832 million upon completion and commencement of operations of Phase 1. - FY2019AdvancedAnnual report
「(Real estate utilization business) The Company invested ¥481,352 thousand in construction related to the redevelopment of a commercial facility owned by the Company, located mainly in Honjo, Saitama Prefecture. Construction was still underway at the end of the consolidated fiscal year, and the investment was recorded as construction in progress.」
In line with its policy of making effective use of capital and investing in the real estate business, the Company invested ¥481,352 thousand in the redevelopment of the Honjo commercial facility and recorded it as construction in progress. - FY2019-Q3RestatedAnnual report
「During the cumulative third quarter period, there were no material changes to the management policies, management strategies or other matters established by the Group.」
The Company states that there have been no significant changes to its business strategy, including the effective use of capital, investment in real estate, market development in the automobile sales and musical instrument sales businesses, and the introduction of new products and services. - FY2019-Q2ReframedAnnual report
「As the difficult business environment is expected to continue and no improvement in performance over current conditions can be anticipated, the Company decided to withdraw from unprofitable businesses at an early stage and concentrate its management resources on the more profitable real estate business, which led to the transfer of all shares of 平成産業株式会社.」
In addition to the previous broad policy of deploying capital in the real estate, automobile sales and musical instrument sales businesses, the Company explicitly stated its intention to withdraw from unprofitable businesses and concentrate its management resources on the more profitable real estate business. - FY2019-Q1RestatedAnnual report
「There were no material changes during the cumulative first quarter to the management policies, management strategies, or other matters established by the Group.」
The Company states that there have been no significant changes to its business strategy, including the effective use of capital, investment in real estate, market development in the automobile sales and musical instrument sales businesses, and the introduction of new products and services. - FY2018First statedAnnual report
「We believe that strengthening profitability and the financial base through more effective use of capital is necessary to achieve sustained growth in corporate value. Going forward, while carefully monitoring changes in the business environment for each business, we will actively invest in properties expected to generate stable, long-term returns in the real estate business, and seek to expand sales in the automobile sales and musical instrument sales businesses by actively developing new markets and introducing new products and services in existing markets.」
For the first time, the Company explicitly identified the challenge of strengthening profitability and the financial base through effective use of capital, along with active investment in real estate and market development and the introduction of products and services in the automobile sales and musical instrument sales businesses as means of addressing it.