A business model generating revenue from investment returns and real estate rent
First written in FY2016. 23 of 36 entries say "Advanced", first in FY2018. Latest entry: 2026-07-24.
No other company in this theme has enough history to compare yet.
- FY2027-H1ReframedAnnual report
「The principal business of the company and its consolidated subsidiaries is the merchant banking business. The merchant banking business engages in real estate sales, lending secured by shares, real estate and accounts receivable, and project investments in the renewable energy sector.」
The description of the business model has expanded from its traditional focus on real estate rents and investment recoveries to include real estate sales, secured lending, and renewable energy investments. - FY2025AdvancedAnnual report
「In addition to capital gains from the recovery of investments in equities, real estate and other assets, rental income from owned real estate is a primary source of revenue.」
In addition to the traditional sources of investment recoveries and real estate rents, the company disclosed multiple revenue sources for the period, including real estate sales, loans, and investment income. Rental profit from rental and other real estate properties was ¥387.660 million. - FY2026-H1AdvancedAnnual report
「Real estate business 760,000 1,167,646 Store operations business 46,244 － Other 12,150 － Revenue from contracts with customers 818,394 1,167,646 Other revenue (Note) 600,115 459,770 Revenue from external customers 1,418,510 1,627,416」
As the revenue breakdown for the single segment, the six-month consolidated accounting period recorded ¥1,167.646 million in revenue from contracts with customers in the real estate business, ¥459.770 million in other revenue, and ¥1,627.416 million in revenue from external customers. The store operations business and other revenue from contracts with customers were zero. - FY2024AdvancedAnnual report
「Rental profit from the relevant rental and other real estate properties for the current consolidated fiscal year was ¥454.527 million.」
Rental profit from rental and other real estate properties was ¥454.527 million, indicating improved performance under the earnings model based on real estate rents. - FY2025-Q1AdvancedAnnual report
「In the second quarter, 1 rental property was acquired and 1 was sold. As a result, revenue was ¥1,372 million and segment profit was ¥200 million.」
Under the earnings model combining real estate acquisitions and sales, the merchant banking business recorded revenue of ¥1,372 million and segment profit of ¥200 million. - FY2024-Q4AdvancedAnnual report
「In the first quarter, the acquisition of 6 rental properties increased stable rental income from rental properties, a core source of revenue for this business segment.」
The acquisition of real estate increased rental income, a stable source of revenue, and revenue from the merchant banking business was ¥337 million, up 31.9% year on year. - FY2024-Q1AdvancedAnnual report
「In the first quarter, rental income from investment properties 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.」
Rental income from properties acquired in the previous fiscal year and investment income from domestic and overseas companies made a concrete contribution to quarterly revenue under the earnings model centered on investment recoveries and real estate rents. - FY2023AdvancedAnnual report
「Rental profit from the relevant rental and other real estate properties for the current consolidated fiscal year was ¥199.236 million.」
Rental profit from rental and other real estate properties was ¥199.236 million, demonstrating the performance of the business model based on rental income. - FY2023AdvancedAnnual report
「Rental profit from the relevant investment property for the consolidated fiscal year was ¥266.517 million. Rental revenue is included in revenue, and principal rental expenses are included in cost of sales.」
Under the business model based on real estate rental income as a stable source of revenue, rental profit for the year was ¥266.517 million. - FY2023-Q3AdvancedAnnual 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%.」
While maintaining stable rental income, the Company executed sales of income-generating real estate and hotel properties as a means of generating revenue. - FY2023-Q2Revenue declined despite stable rental income and real estate sale gainsAnnual 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%.」
Rental income, the main earnings pillar, remained stable, while revenue for the quarter, including income from the partial sale of income-generating real estate, declined year on year. - FY2023-Q1Revenue declined as investment income and gains on real estate sales fell back, despite stable rental incomeAnnual report
「During the first quarter cumulative period, rental income from rental real estate, the main earnings pillar of this business segment, remained stable without being affected by COVID-19. However, because investment income from domestic and overseas companies and income from the partial sale of income-generating real estate in the previous year had a substantial impact, revenue was ¥162 million, down 84.8% year on year, and segment profit was ¥30 million, down 92.0%.」
Stable rental income continued, but the absence of domestic and overseas corporate investment income and gains from the partial sale of income-generating real estate that had contributed in the previous year resulted in substantial declines in revenue and profit in the merchant banking business. - FY2022-Q3AdvancedAnnual report
「In addition to investment income from domestic and overseas companies, the partial sale of income-generating real estate resulted in revenue of ¥2,311 million, up 313.4% year on year, and segment profit of ¥520 million, up 136.6%, generating increases in both revenue and profit.」
With real estate rental income as its base, domestic and overseas corporate investment income and gains on the sale of income-generating real estate were added, expanding the revenue scale of the merchant banking business. - 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 rental real estate income, domestic and overseas corporate investment income and gains on the sale of income-generating real estate contributed, resulting in segment profit of ¥476 million from multiple revenue sources. - 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.」
In addition to stable earnings from rental real estate, domestic and overseas corporate investment income made a substantial contribution, confirming multiple sources of revenue in the business model. - FY2021Rental income and real estate investment income contributed, while corporate investment income remained lowAnnual report
「Rental income from core owned real estate was ¥646 million and real estate investment income was ¥270 million, while income from investments in domestic and overseas companies amounted to only ¥43 million. As a result, revenue was ¥998 million, down 27.2% year on year, and segment profit was ¥499 million, up 28.0%.」
Real estate investment income of ¥270 million was added to the structure centered on real estate rental income as a stable source of revenue, increasing segment profit, while corporate investment income remained low. - FY2021-Q3Stable rental income alongside declining corporate investment incomeAnnual report
「While the core rental income from owned real estate remained stable at ¥490 million, income from investments in domestic and overseas companies amounted to only ¥42 million. As a result, revenue decreased 24.0% year on year to ¥559 million and segment profit decreased 18.4% to ¥220 million.」
The business model based on real estate rental income as a stable source of revenue functioned, but weakness in corporate investment income caused total merchant banking revenue to fall below the previous year. - FY2021-Q2AdvancedAnnual report
「As a result, compared with the previous year, rental income of ¥332 million from owned properties and ¥31 million in investment income from domestic and overseas companies made significant contributions to revenue. Revenue was ¥376 million, up 10.8% year on year, and segment profit was ¥124 million, up 5.5%, representing higher revenue and higher profit.」
Under the business model based on real estate rental income and corporate investment income, rental income of ¥332 million and investment income of ¥31 million contributed to segment profit of ¥124 million. - FY2021-Q1AdvancedAnnual report
「During the first quarter, without being affected by COVID-19, investment recoveries of ¥53 million from domestic and overseas companies made a significant contribution to earnings. Revenue was ¥183 million, up 10.4% year on year, while segment profit was ¥58 million, down 5.1%.」
Under the business model primarily based on gains from investment recovery, ¥53 million in investment recovery from domestic and overseas companies contributed to revenue in the quarter. - FY2020AdvancedAnnual report
「Although the extraordinary income recorded in the previous period, including a ¥315 million gain on the sale of investment securities, was absent in the current period, investment income from domestic and overseas businesses of ¥351 million and real estate investment income of ¥342 million made substantial contributions. Net income attributable to owners of the parent was ¥83 million, down 70.4% year on year, and the Company remained profitable.」
Domestic and overseas investment income and real estate investment income contributed as sources of revenue without reliance on extraordinary income. Rental profit from real estate was also ¥316.547 million. - FY2020-Q3AdvancedAnnual report
「During the third quarter, although there were no new rental property acquisitions, income from investments in domestic and overseas companies contributed to revenue of ¥736 million, up 24.3% year on year, and segment profit of ¥269 million, up 48.6%.」
In a quarter without real estate acquisitions, income from investments in domestic and overseas companies contributed as a source of revenue, and segment profit of ¥269 million was recorded. - FY2020-Q2AdvancedAnnual report
「Segment profit was ¥118 million, up 12.6% year on year, supported in part by ¥330 million in rental income from owned real estate.」
Rental income of ¥330 million from owned real estate contributed to segment profit of ¥118 million in the merchant banking business, up 12.6% year on year. - FY2020-Q1AdvancedAnnual report
「Profit for the segment was ¥62 million, up 19.5% year on year, owing to the earnings contribution from properties newly acquired in the previous period.」
Under the business model based on real estate rental income and other sources, the earnings contribution from properties acquired in the previous period resulted in a 19.5% year-on-year increase in segment profit. - FY2019AdvancedAnnual report
「Rental profit from the relevant investment property for the consolidated fiscal year was ¥282.774 million. Rental revenue is included in revenue, and principal rental expenses are included in cost of sales.」
Under the business model based on real estate rental income, rental profit was ¥282.774 million. - FY2019-Q3AdvancedAnnual report
「As a result, the Group's performance in the third quarter was supported by an increase in income-generating real estate and gains from investment recovery in domestic businesses. Revenue increased 6.2% year on year to ¥1,446 million.」
An increase in income-generating real estate and gains from investment recovery in domestic businesses contributed to a 6.2% year-on-year increase in revenue. - FY2019-Q2AdvancedAnnual report
「During the second quarter, assets increased following the acquisition of 8 income-producing properties for ¥3,728 million, capitalizing on favorable conditions in the real estate market. As a result of the significant strengthening of earnings capacity, revenue was ¥343 million, up 69.9% year on year, and segment profit was ¥104 million, up 206.2%.」
The earnings model based on assets and rental income generated through real estate acquisitions expanded, and the merchant banking business improved its earnings capacity on a quantitative basis. - FY2019-Q1AdvancedAnnual report
「During the first quarter, income-producing properties increased by 7 properties and ¥3,903 million from the previous year, significantly strengthening earnings capacity. Revenue was ¥169 million, up 87.6% year on year, and segment profit was ¥51 million, up 303.9%.」
Under the business model based on real estate rental income and other sources, the increase in income-generating real estate contributed to business revenue. - FY2018AdvancedAnnual report
「In particular, real estate rental income increased 64.9% year on year to ¥406 million, steadily strengthening the earnings base.」
Real estate rental income was ¥406 million, up 64.9% year on year, expanding the scale of the business model centered on rental income as a primary source of revenue. - FY2018-Q3RestatedAnnual report
「During the third quarter, rental income from the 4 income-producing apartment buildings acquired in the previous consolidated fiscal year, the 6 income-producing apartment buildings acquired during the third quarter, and R Hotel Inn Kitakyushu Airport contributed to revenue, which increased 30.2% year on year to ¥349 million, steadily strengthening the earnings base.」
Rental income from income-generating apartments and hotels contributed to revenue, and the business model based on real estate rental income continues. - FY2018-Q2RestatedAnnual report
「In the second quarter, rental income from 4 income-generating apartment buildings acquired in the previous consolidated fiscal year contributed to revenue, which increased 12.7% year on year to ¥202 million.」
Under the business model primarily based on rental income from income-generating apartments, rental income from the 4 acquired properties contributed to revenue. - FY2018-Q1RestatedAnnual report
「In the first quarter, rental income from 4 income-generating apartment buildings acquired in the previous fiscal year contributed to revenue, which increased 14.1% year on year to ¥90 million.」
Under the business model based on investment recovery gains and real estate rental income, rental income from 4 rental apartment buildings contributed to performance. - FY2017RestatedAnnual report
「In addition to capital gains from the recovery of investments in equities, real estate and other assets, rental income from owned real estate is a primary source of revenue.」
The business model continues to rely on investment recovery gains and real estate rental income as sources of revenue. Rental profit from investment property for the period was ¥141 million. - FY2016First statedAnnual report
「In addition to capital gains from the recovery of investments in equities, real estate and other assets, rental income from owned real estate is a primary source of revenue.」
Capital gains from investment recovery and real estate rental income are the primary sources of revenue.