Consolidation of Real Estate Leasing Operations and Improvement of Profitability
First written in FY2016. 23 of 34 entries say "Advanced", first in FY2017-Q1. Latest entry: 2026-05-14.
The whole theme swung hardest in 2022: 6 of 44 companies on the "Worse" side.
19 other companies' latest entry also says "Advanced".
- 2026-05-14AdvancedEarnings
「In the real estate leasing business, sales in the related businesses were ¥382 million, up ¥4 million, or 1.1%, from the previous fiscal year, reflecting continued full occupancy of the leased buildings and revisions to tenant rents. Although taxes and dues, facility management expenses and other costs increased, segment profit rose ¥1 million, or 0.7%, to ¥205 million as payment commissions, repair expenses and other costs declined.」
Maintaining full occupancy and revising rents resulted in higher sales and profit. - FY2026-H1AdvancedAnnual report
「In the real estate leasing business, maintaining full occupancy at leased buildings and revising tenant rents resulted in revenue of ¥191 million, an increase of ¥2 million (1.2%) from the same period of the previous year. Although selling, general and administrative expenses, including facilities management expenses and fire insurance premiums, increased, higher rental income resulted in segment profit of ¥104 million, an increase of ¥0 million (0.9%) from the same period of the previous year.」
Maintaining full occupancy at leased buildings and revising tenant rents resulted in a 1.2% increase in revenue and a 0.9% increase in profit in the real estate leasing business. - FY2025AdvancedAnnual report
「In the real estate leasing business, maintaining full occupancy at leased buildings and revising rents and the land rent for parking-lot sites resulted in revenue of ¥378 million, an increase of ¥7 million (1.9%) from the previous consolidated fiscal year. In addition, segment profit was ¥204 million, an increase of ¥8 million (4.3%) from the previous consolidated fiscal year, due to lower repair costs, management expenses and other costs.」
Maintaining full occupancy, revising rents and land rents, and lower repair and management expenses resulted in higher revenue and profit in the real estate leasing business. - FY2025-H1AdvancedAnnual report
「In the real estate leasing business, maintaining full occupancy at leased buildings and revising the land rent for parking-lot sites resulted in revenue of ¥189 million, an increase of ¥3 million (2.1%) from the same period of the previous year. In addition to higher rental income, lower repair costs, facilities management expenses and other costs resulted in segment profit of ¥103 million, an increase of ¥5 million (5.5%) from the same period of the previous year.」
Maintaining full occupancy, revising the land rent for parking-lot sites, and lower repair and facilities management expenses resulted in a 2.1% increase in revenue and a 5.5% increase in profit in the real estate leasing business. - FY2024Profit decline due to higher costs despite maintaining full occupancyAnnual report
「In the real estate leasing business, maintaining full occupancy at leased buildings and revising the land rent for parking-lot sites resulted in revenue of ¥371 million for the business, an increase of ¥1 million (0.3%) from the previous consolidated fiscal year. However, segment profit was ¥195 million, a decrease of ¥7 million (△3.6%) from the previous consolidated fiscal year, due to higher repair costs, taxes and dues, depreciation and other expenses.」
Maintaining full occupancy and revising the land rent for parking-lot sites resulted in a 0.3% increase in revenue, but profit declined 3.6% due to higher repair costs, taxes and dues, depreciation and other expenses. - FY2024-Q3Profit decline due to higher costs despite maintaining full occupancyAnnual report
「In the real estate leasing business, the leased buildings remained fully occupied, resulting in revenue of ¥277 million for the business, an increase of ¥0 million (0.1%) from the same quarter of the previous year. However, segment profit was ¥146 million, a decrease of ¥6 million (△3.9%) from the same quarter of the previous year, due to higher repair costs, taxes and dues, depreciation and other expenses.」
The leased buildings remained fully occupied, resulting in a 0.1% increase in revenue, while profit declined 3.9% due to higher repair costs, taxes and dues, depreciation and other expenses. - FY2024-Q2Profit decline due to higher costs despite maintaining full occupancyAnnual report
「In the real estate leasing business, the leased buildings remained fully occupied, resulting in revenue of ¥185 million for the business, an increase of ¥0 million (0.1%) from the same quarter of the previous year. In addition, segment profit was ¥97 million, a decrease of ¥4 million (△4.5%) from the same quarter of the previous year, due to higher repair costs, taxes and dues, depreciation and other expenses.」
The leased buildings remained fully occupied, resulting in a 0.1% increase in revenue, but profit declined 4.5% due to higher repair costs, taxes and dues, depreciation and other expenses. - FY2024-Q1Profit decline due to higher repair costs despite maintaining full occupancyAnnual report
「In the real estate leasing business, the leased buildings remained fully occupied, resulting in revenue of ¥92 million for the business, an increase of ¥0 million (0.2%) from the same quarter of the previous year. In addition, segment profit was ¥48 million, a decrease of ¥1 million (△3.0%) from the same quarter of the previous year, due to higher repair costs and other expenses.」
The leased buildings remained fully occupied, resulting in a 0.2% increase in revenue, while segment profit declined 3.0% due to higher repair costs and other expenses. - FY2023AdvancedAnnual report
「We have generated stable rental income through the effective use of owned real estate. As a remaining issue, we will consider the effective use of our leased parking lots in Ageo City.」
Stable rental income has been maintained, while the effective use of leased parking lots in Ageo City has been identified as a new specific issue. - FY2023-Q3AdvancedAnnual report
「In the real estate leasing business, unlike the previous year, the leased buildings remained fully occupied, resulting in revenue of ¥277 million for the business, an increase of ¥7 million (2.7%) from the same quarter of the previous year. In addition to higher rental income, lower personnel expenses, repair costs and other expenses resulted in segment profit of ¥153 million, an increase of ¥10 million (7.6%) from the same quarter of the previous year.」
Maintained full occupancy at leased buildings and lower expenses resulted in a 2.7% increase in revenue and a 7.6% increase in profit in the real estate leasing business. - FY2023-Q2AdvancedAnnual report
「In the real estate leasing business, unlike the previous year, the leased buildings remained fully occupied, resulting in revenue of ¥185 million for the business, an increase of ¥6 million (3.9%) from the same quarter of the previous year. In addition to higher rental income, lower outsourced property management fees, repair costs and other expenses resulted in segment profit of ¥102 million, an increase of ¥13 million (14.8%) from the same quarter of the previous year.」
Maintained full occupancy at leased buildings and lower expenses resulted in a 3.9% increase in revenue and a 14.8% increase in profit in the real estate leasing business. - FY2023-Q1AdvancedAnnual report
「In the real estate leasing business, vacancies were resolved as tenants moved into leased buildings, resulting in revenue of ¥92 million for the business, an increase of ¥3 million (3.8%) from the same quarter of the previous year. In addition, segment profit was ¥50 million, an increase of ¥7 million (16.8%) from the same quarter of the previous year, due to lower repair costs, personnel expenses and other costs.」
The resolution of temporary vacancies as tenants moved in, together with lower repair and personnel costs, resulted in a 3.8% increase in revenue and a 16.8% increase in profit in the real estate leasing business. - FY2022-Q3Management costs increased despite the resolution of temporary vacanciesAnnual report
「In the real estate leasing business, temporary vacancies caused by tenant changes at leased buildings were resolved from the second half of the year, resulting in revenue of ¥270 million for the business, an increase of ¥1 million (0.5%) from the same quarter of the previous year. However, segment profit was ¥142 million, a decrease of ¥2 million (△1.9%) from the same quarter of the previous year, due to higher outsourced property management fees and other expenses.」
Temporary vacancies caused by tenant changes were resolved from the second half of the year, resulting in a 0.5% increase in revenue, while profit declined 1.9% due to higher outsourced property management fees and other expenses. - FY2022-Q2Profit decline due to temporary vacancies and higher expensesAnnual report
「In the real estate leasing business, although the impact of rent reductions due to the spread of COVID-19 had ended, temporary vacancies arose as tenants changed, resulting in revenue of ¥178 million for the business, a decrease of ¥0 million (△0.3%) from the same quarter of the previous year. In addition, segment profit was ¥89 million, a decrease of ¥5 million (△5.7%) from the same quarter of the previous year, due to higher fees for outsourced property management, repair costs, personnel expenses and other costs.」
While the impact of rent reductions had ended, temporary vacancies caused by tenant changes and higher outsourced property management fees, repair costs and personnel expenses resulted in a 0.3% decline in revenue and a 5.7% decline in segment profit. - FY2022-Q1Temporary vacancies emerged despite the end of the impact of rent reductionsAnnual report
「In the real estate leasing business, although the impact of rent reductions due to the spread of COVID-19 had ended, temporary vacancies arose as tenants changed, resulting in revenue of ¥89 million for the business, a decrease of ¥0 million (△0.5%) from the same quarter of the previous year. In addition, segment profit was ¥42 million, a decrease of ¥5 million (△11.8%) from the same quarter of the previous year, due to temporary increases in personnel expenses and higher repair costs and other expenses.」
The impact of COVID-19-related rent reductions had ended, but temporary vacancies caused by tenant changes and higher personnel and repair costs resulted in a 0.5% decline in revenue and an 11.8% decline in segment profit. - FY2021Full-year revenue decline due to the impact of rent reductionsAnnual report
「In the real estate leasing business, although some tenants increased their rents, the impact of temporary rent reductions for some tenants due to the spread of COVID-19 was greater, resulting in revenue of ¥357 million for the business, a decrease of ¥4 million (△1.2%) from the previous consolidated fiscal year.」
Although some tenants increased their rents, the impact of temporary rent reductions due to COVID-19 was greater, resulting in a 1.2% decline in full-year revenue. - FY2021-Q3Stable rents maintained, but profit slightly lowerAnnual report
「In the real estate leasing business, although some tenants requested rent reductions due to the spread of COVID-19, stable rental income from the effective use of owned real estate resulted in revenue of ¥269 million for the business, an increase of ¥0 million (0.1%) from the same quarter of the previous year. However, segment profit was ¥144 million, a decrease of ¥1 million (△0.9%) from the same quarter of the previous year, due to higher selling, general and administrative expenses, including increased taxes and dues.」
Revenue increased 0.1% on stable rental income despite requests from some tenants for rent reductions, while profit declined 0.9% due to higher taxes and dues and other expenses. - FY2021-Q2Slight profit decline due to requests for rent reductionsAnnual report
「In the real estate leasing business, although some tenants requested rent reductions due to the spread of COVID-19, stable rental income from the effective use of owned real estate resulted in revenue of ¥178 million for the business, an increase of ¥1 million (1.0%) from the same quarter of the previous year. However, segment profit was ¥94 million, a decrease of ¥0 million (△0.8%) from the same quarter of the previous year, due to higher selling, general and administrative expenses, including increased taxes and dues.」
While stable rental income from the effective use of owned real estate was maintained, profit declined 0.8% year on year due to requests from some tenants for rent reductions and higher taxes and dues. - FY2021-Q1AdvancedAnnual report
「In the real estate leasing business, although some areas were affected by the spread of COVID-19, stable rental income from the effective use of owned real estate resulted in revenue of ¥89 million for the business, an increase of ¥1 million (1.7%) from the same quarter of the previous year. In addition, segment profit was ¥48 million, an increase of ¥1 million (2.7%) from the same quarter of the previous year, reflecting higher rental income.」
Effective use of owned real estate generated stable rental income, resulting in a 1.7% increase in revenue and a 2.7% increase in profit in the real estate leasing business. - FY2020AdvancedAnnual report
「In the real estate leasing business, based on stable rental income from the effective use of owned real estate, sales in the relevant segment were ¥361 million, an increase of ¥9 million, or 2.6%, from the previous consolidated fiscal year. In addition, lower expenses associated with the previous fiscal year's real estate replacements and other factors resulted in segment profit of ¥193 million, an increase of ¥19 million, or 11.2%, from the previous consolidated fiscal year.」
Continued effective use of real estate resulted in a 2.6% increase in sales and an 11.2% increase in segment profit. - FY2020-Q3AdvancedAnnual report
「In the real estate leasing business, progress in adding value through the rebalancing of leased properties and other measures resulted in sales of ¥269 million, an increase of ¥8 million, or 3.2%, from the same quarter of the previous year. In addition, lower expenses associated with the previous fiscal year's real estate replacements resulted in segment profit of ¥146 million, an increase of ¥26 million, or 22.4%, from the same quarter of the previous year.」
Adding value through the rebalancing of leased properties and lower replacement-related expenses resulted in a 3.2% increase in sales and a 22.4% increase in segment profit. - FY2020-Q2AdvancedAnnual report
「In the real estate leasing business, adding value through the rebalancing of leased properties contributed to sales of ¥176 million, an increase of ¥5 million, or 3.0%, from the same quarter of the previous year. In addition, lower expenses associated with the replacement resulted in segment profit of ¥95 million, an increase of ¥17 million, or 23.1%, from the same quarter of the previous year.」
Adding value through the rebalancing of leased properties and lower replacement-related expenses resulted in a 3.0% increase in sales and a 23.1% increase in segment profit. - FY2020-Q1AdvancedAnnual report
「In the real estate leasing business, progress in adding value through the replacement of leased properties resulted in sales of ¥88 million, an increase of ¥2 million, or 2.7%, from the same period of the previous year. In addition, lower expenses associated with the replacement resulted in segment profit of ¥47 million, an increase of ¥16 million, or 52.6%, from the same quarter of the previous year.」
Adding value through the replacement of leased properties and lower expenses resulted in a 2.7% increase in sales and a 52.6% increase in segment profit. - FY2019-Q3AdvancedAnnual report
「In the real estate leasing business, efficiency improvements from replacing leased properties resulted in sales of ¥260 million, an increase of ¥11 million, or 4.5%, from the same quarter of the previous year. Segment profit was ¥119 million, an increase of ¥1 million, or 1.7%, from the same quarter of the previous year, due to higher rental income.」
Efficiency improvements from replacing leased properties continued, resulting in a 4.5% increase in sales in the real estate leasing business and a 1.7% increase in segment profit. - FY2019-Q2AdvancedAnnual report
「In the real estate leasing business, efficiency improvements from replacing assets resulted in sales of ¥171 million, an increase of ¥6 million, or 3.7%, from the same quarter of the previous year. Segment profit was ¥77 million, down ¥4 million, or 5.3%, from the same quarter of the previous year, due in part to real estate brokerage fees.」
Efficiency improvements from replacing assets continued, resulting in a 3.7% increase in sales, while real estate brokerage fees caused segment profit to decline by 5.3%. - FY2019-Q1AdvancedAnnual report
「In the real estate leasing business, efficiency improvements from replacing assets resulted in sales of ¥85 million, an increase of ¥2 million, or 3.5%, from the same quarter of the previous year. Segment profit was ¥30 million, down ¥13 million, or 30.7%, from the same quarter of the previous year, due to real estate brokerage fees.」
Efficiency improvements from replacing assets resulted in a 3.5% increase in sales. Meanwhile, real estate brokerage fees caused segment profit to decline by 30.7%. - FY2018-Q3AdvancedAnnual report
「In the real estate leasing business, increased income from the replacement of leased properties resulted in sales of ¥249 million, an increase of ¥22 million, or 9.9%, from the same quarter of the previous year. Segment operating profit was ¥117 million, an increase of ¥29 million, or 33.0%, from the same quarter of the previous year.」
Increased income from the replacement of leased properties resulted in a 9.9% year-on-year increase in sales and a 33.0% increase in segment operating profit. - FY2018-Q2AdvancedAnnual report
「In the real estate leasing business, increased income from the replacement of leased properties resulted in sales of ¥165 million, an increase of ¥15 million, or 10.3%, from the same quarter of the previous year. Segment operating profit was ¥81 million, an increase of ¥19 million, or 31.1%, from the same quarter of the previous year.」
Increased income from the replacement of leased properties resulted in a 10.3% increase in sales and a 31.1% increase in segment operating profit. - FY2018-Q1AdvancedAnnual report
「In the real estate leasing business, increased income from the replacement of leased properties resulted in sales of ¥82 million, an increase of ¥8 million, or 10.8%, from the same quarter of the previous year. Segment operating profit was ¥44 million, an increase of ¥13 million, or 43.6%, from the same quarter of the previous year.」
Increased income from the replacement of leased properties resulted in a 10.8% increase in sales and a 43.6% increase in segment operating profit. - FY2017AdvancedAnnual report
「Through consolidation into ラサ・リアルエステート株式会社, we will pursue greater efficiency while working to secure high-quality tenants and make effective use of parking facilities, with the aim of improving earnings.」
The consolidation and streamlining of the real estate leasing business continued, with idle land sold for ¥200 million and land in Setagaya-ku, Tokyo acquired for ¥485 million. - FY2017-Q3AdvancedAnnual report
「In the real estate leasing business, efforts to improve the efficiency of operating properties resulted in sales of ¥226 million, an increase of ¥1 million, or 0.8%, from the same quarter of the previous year. Segment operating profit was ¥88 million, an increase of ¥14 million, or 19.6%, from the same quarter of the previous year.」
Efficiency improvements at operating properties resulted in a 0.8% year-on-year increase in sales in the real estate leasing business and a 19.6% increase in segment operating profit. - FY2017-Q2AdvancedAnnual report
「We decided to transfer the following land in order to exchange idle land for operating assets.」
ラサ・リアルエステート株式会社 entered into an agreement to transfer idle land for ¥200 million, with delivery scheduled for 31 March 2017. This represented progress toward a concrete asset utilization strategy involving the exchange of the land for operating assets. - FY2017-Q1AdvancedAnnual report
「In the real estate leasing business, following a review of rents and other items, sales in the relevant segment were ¥74 million, an increase of ¥1 million, or 2.2%, from the same quarter of the previous year. Segment operating profit was ¥31 million, an increase of ¥31 million from the same quarter of the previous year, when it was a loss of ¥0 million, as there were no establishment costs for ラサ・リアルエステート株式会社 or other such expenses.」
A review of rents and other items resulted in a 2.2% year-on-year increase in sales in the real estate leasing business and segment operating profit of ¥31 million. - FY2016First statedAnnual report
「By consolidating the business into the newly established ラサ・リアルエステート株式会社, we will further reduce management costs while working to secure high-quality tenants and make effective use of parking facilities, with the aim of improving earnings.」
The real estate leasing business was consolidated into the newly established subsidiary, with efforts focused on reducing management costs, securing high-quality tenants and utilizing parking facilities.