Balancing Capital Gains with a Stable Earnings Base
First written in FY2017. 12 of 26 entries say "Advanced", first in FY2022-Q1. Latest entry: 2026-09-15.
No other company in this theme has enough history to compare yet.
- FY2027-H1ReframedAnnual report
「Until now, we operated an investment business centered on income-producing real estate expected to generate stable rental income. We are now strengthening investment in opportunities with expected profitability, future potential and growth, centered on M&A and equity investments, while securing cash flow through sales of income-producing real estate and equity financing and acquiring treasury shares for use as acquisition funds in M&A.」
The investment model, which had pursued both stable rental income and capital gains, is shifting its focus toward strengthening investment in growth opportunities centered on M&A and equity investments. - FY2025AdvancedAnnual report
「The company worked to develop and strengthen investment fields and opportunities expected to offer higher profitability than its real estate investment business, which targets a net yield of 5%, including lending secured by shares, real estate and accounts receivable, and project investments in the renewable energy sector.」
In addition to the conventional model based on real estate rental income and gains on sales, the company pursued the development and strengthening of high-return investment fields targeting a 5% net yield. - FY2026-H1AdvancedAnnual report
「Against this economic backdrop, during the interim period, the Group sold 3 rental properties while proceeding with preparations to sell rental properties held in order to secure gains on sales from the third quarter onward. It worked to generate stable earnings through the acquisition and sale of rental real estate, identify companies and projects with strong growth potential and social value, and secure the future potential and profitability of its investment business through capital and business alliances.」
The company pursued a policy of securing future prospects and profitability by continuing to sell and acquire rental properties, identifying companies and projects, and forming capital and business alliances. - FY2024AdvancedAnnual report
「During the period, the acquisition of 9 rental properties increased stable rental income from rental properties, a key earnings contributor for this business segment. Following the sale of 6 additional rental properties, the company secured revenue of ¥4,400 million and, despite bearing ¥224 million in acquisition costs including real estate acquisition tax, secured segment profit of ¥670 million.」
While increasing stable rental income, the company also secured gains on the sale of 6 properties, recording revenue of ¥4,400 million and segment profit of ¥670 million in the merchant banking business. - FY2025-Q1AdvancedAnnual report
「The company newly acquired 7 rental properties, with a total pre-tax acquisition value of ¥4,480 million, securing an annual rental income base of ¥1.1 billion. In parallel, it sold 1 rental property and continued preparing to sell rental properties currently held. While working to strengthen stable earnings through the acquisition and sale of rental properties, the company sought out companies and projects with strong growth and social potential and worked to secure future prospects and profitability as an investment company through capital and business alliances.」
While continuing to strengthen stable earnings through the acquisition and sale of rental properties, the company is pursuing the identification of companies and projects and securing future prospects and profitability through capital and business alliances. - FY2024-Q4AdvancedAnnual report
「While working to strengthen stable earnings through the acquisition and sale of rental properties, the company sought out companies and projects with strong growth and social potential and worked to secure future prospects and profitability as an investment company through capital and business alliances.」
The company continues to pursue both stable earnings and future investment returns by combining the acquisition and sale of rental properties with alliance investments in companies and projects. It also secured an annual rental income base of ¥1.1 billion. - FY2024-Q1Rental income and investment returns contributed, while acquisition costs reduced profit.Annual report
「In the first quarter, rental income from rental real estate acquired in the previous fiscal year and investment income from domestic and overseas companies contributed to revenue of ¥255 million, up 65.3% year on year. The 4 rental properties acquired during the first quarter are expected to contribute to earnings from the second quarter onward, but expenses of ¥84 million related to the acquisitions were recorded, resulting in segment profit of ¥16 million, down 46.5% year on year.」
Rental income from rental properties and investment returns from domestic and overseas companies contributed to revenue, and the combination of the two earnings sources continued. However, segment profit declined year on year due to ¥84 million in acquisition costs for 4 properties. - FY2023While expanding acquisitions and pursuing sales, the company reported an operating loss due to acquisition costs.Annual report
「Following the acquisition of 7 rental properties, with a total purchase price of ¥4,774 million, the company expensed ¥189 million in acquisition costs, including real estate acquisition tax, and recorded an operating loss of ¥13 million. In addition, financial expenses of ¥91 million, including interest on long-term borrowings from financial institutions raised to fund the property acquisitions, resulted in an ordinary loss of ¥84 million.」
Although the company pursued expanded acquisitions of rental properties and secured income through sales, acquisition costs of ¥189 million and financial expenses of ¥91 million resulted in operating and ordinary losses. - FY2023AdvancedAnnual report
「During the period, rental income from rental properties, a key earnings contributor for this business segment, remained stable without being affected by COVID-19. In addition, following the partial sale of income-producing properties and the sale of owned hotel properties, revenue rose 79.4% year on year to ¥3,731 million, while segment profit rose 1.7% to ¥604 million, resulting in higher revenue and profit.」
While maintaining stable rental income, the company also recorded gains on sales of real estate and hotel properties, resulting in higher revenue and profit in the merchant banking business. - FY2023-Q3Rental income was maintained and disposal gains were recorded, but profit declined.Annual report
「In the third quarter, rental income from rental real estate, the main earnings pillar of this business segment, remained stable without being affected by COVID-19. Following the partial sale of income-generating real estate in the second quarter, the Company also sold part of its income-generating real estate and hotel properties in the third quarter. As a result, revenue was ¥2,763 million, up 19.6% year on year, and segment profit was ¥456 million, down 12.4%.」
Although stable rental income was maintained and income-producing properties and hotel properties were sold, segment profit declined year on year. - FY2023-Q2Stable rental income was maintained, while income including gains on sales declined.Annual report
「In the second quarter, rental income from rental real estate, the main earnings pillar of this business segment, remained stable without being affected by COVID-19. In addition, following the partial sale of income-generating real estate, revenue was ¥1,069 million, down 35.6% year on year, and segment profit was ¥241 million, down 49.3%.」
Although rental income, a stable source of earnings, was maintained, investment and disposal gains, including gains on the partial sale of income-producing properties, and business profit fell below the same period of the previous year. - FY2023-Q1Stable rental income was maintained, while investment and disposal gains declined on a rebound effect.Annual report
「Rental income from rental properties, a key earnings contributor for this business segment, remained stable without being affected by COVID-19. However, largely due to the impact of investment returns from domestic and overseas companies and gains on the partial sale of income-producing properties recorded in the same period of the previous year, revenue was ¥162 million, down 84.8% year on year, and segment profit was ¥30 million, down 92.0%.」
Although rental income, the stable earnings base, was maintained, the coexistence of capital gains and other returns weakened in terms of quarterly performance because of the rebound from corporate investment returns and gains on property sales recorded in the same period of the previous year. - FY2022-Q2AdvancedAnnual report
「In the second quarter, in addition to rental real estate income, which had generated stable earnings for some time without being affected by COVID-19, investment income from domestic and overseas companies and the partial sale of income-producing real estate contributed to substantial increases in revenue and profit. Revenue was ¥1,661 million, up 341.7% year on year, and segment profit was ¥476 million, up 282.0%.」
In addition to income from rental properties, a stable source of earnings, returns from investments in domestic and overseas companies and gains on sales of income-producing properties contributed, with the combination of the two earnings sources translating into concrete revenue and profit growth. - FY2022-Q1AdvancedAnnual report
「In addition to stable earnings from rental real estate, as in the past, investment income from domestic and overseas companies made a substantial contribution. Revenue increased 480.0% year on year to ¥1,065 million, and segment profit increased 547.2% to ¥381 million, resulting in substantial increases in both revenue and profit.」
Both stable income from rental properties and returns from investments in domestic and overseas companies contributed, resulting in performance that demonstrated the coexistence of capital gains, investment returns and a stable earnings base. - FY2021-Q2RestatedAnnual report
「In the second quarter, rental income from rental properties, a key earnings contributor for this business segment, remained stable without being affected by COVID-19.」
While the operations business deteriorated, the policy of building on stable income from rental properties has been maintained. - FY2020RestatedAnnual report
「The group’s core business is merchant banking, investing in companies and real estate. Together with its operations business, which operates hotels and other establishments, it aims to achieve both capital gains from investment activities and the development of a stable earnings base.」
The company continues to pursue a policy of combining its merchant banking and operations businesses to achieve both capital gains and a stable earnings base. - FY2019RestatedAnnual report
「The group’s core business is merchant banking, investing in companies and real estate. Together with its operations business, which operates hotels and other establishments, it aims to achieve both capital gains from investment activities and the development of a stable earnings base.」
The company continues to pursue a policy of combining its merchant banking and operations businesses to achieve both capital gains and a stable earnings base. - FY2018RestatedAnnual report
「The group’s core business is merchant banking, investing in companies and real estate. Together with its operations business, which operates hotels and other establishments, it aims to achieve both capital gains from investment activities and the development of a stable earnings base.」
The company continues to pursue a policy of combining its merchant banking and operations businesses to achieve both capital gains and a stable earnings base. - FY2017First statedAnnual report
「The group’s core business is merchant banking, investing in companies and real estate. Together with its operations business, which operates hotels and other establishments, it aims to achieve both capital gains from investment activities and the development of a stable earnings base.」
With merchant banking as its core business, the company has clearly stated its goal of combining it with operations to achieve both investment returns and a stable earnings base.