Condominium development leveraging creative design capabilities
First written in FY2016. 12 of 34 entries say "Restated". Latest entry: FY2026.
No other company in this theme has enough history to compare yet.
- FY2026WorsenedAnnual report
「During the fiscal year, there were no properties delivered for revenue recognition, so revenue was zero. However, construction costs for properties under development were expected to increase substantially from the original estimate, and an impairment loss was recognized following a revaluation of inventories. As a result, the segment recorded a loss of ¥139 million.」
The condominium development business had no delivered properties and zero revenue, while an inventory write-down arising from expected increases in construction costs resulted in a segment loss of ¥139 million. - 2026-04-13AdvancedRevision to earnings forecasts
「A project originally planned as a rental development property has now been changed to the condominium development business. However, as development is expected to take approximately 3 years, no sales are scheduled to be recognized in the fiscal year ending May 2026.」
For the project changed from rental development to condominium development, the expected development period was specified as approximately 3 years, and the absence of planned sales recognition in the current fiscal year was clarified. - FY2025Change of use to condominium developmentAnnual report
「However, because a project originally planned as a rental development project was changed to a condominium development project, the segment recorded a loss of ¥0 million, compared with segment profit of ¥443 million in the previous fiscal year.」
Although there were still no delivered properties and revenue remained zero, a project originally planned for rental development was changed to condominium development, resulting in segment assets of ¥376 million being recorded in the condominium development business. - FY2025-H1WorsenedAnnual report
「There were no properties delivered for revenue recognition in the condominium development business. As a result, revenue was zero, compared with ¥3,755 million in the previous fiscal year. For the same reason, there was no segment profit, compared with segment profit of ¥443 million in the previous fiscal year.」
Following the previous fiscal year's revenue of ¥3,755 million and segment profit of ¥443 million from delivery of all 52 units, the interim period had no delivered properties and therefore zero revenue and segment profit. - FY2024RestatedAnnual report
「All sale and purchase agreements for the project were signed by August 2022. Delivery of all 52 units was completed in October-November 2023.」
The company confirmed as a full-year result the previously reported completion of delivery of all 52 units at Galleria Duelle Kanda Iwamotocho. - FY2024-Q3RestatedAnnual report
「In the condominium development business, delivery of all 52 units of Galleria Duelle Kanda Iwamotocho, a property owned by the company, was completed.」
The company again reported completion of delivery of all 52 units at Galleria Duelle Kanda Iwamotocho. No change to a new stage was indicated from the completion reported in the previous quarter. - FY2024-Q2AchievedAnnual report
「In the condominium development business, delivery of all 52 units of Galleria Duelle Kanda Iwamotocho, a property owned by the company, was completed.」
Delivery of all 52 units at Galleria Duelle Kanda Iwamotocho was completed. Revenue of ¥3,755 million and segment profit of ¥443 million were recorded, compared with no revenue and a ¥3 million segment loss in the same quarter of the previous year. - FY2024-Q1RestatedAnnual report
「Although some properties in the condominium development business had been contracted and sold out, there were no properties delivered for revenue recognition because delivery was scheduled for October 2023.」
Although properties had been sold out, delivery was scheduled for October 2023, so there were still no properties for revenue recognition during the first quarter. - FY2023ReframedAnnual report
「We will develop condominiums mainly in the Tokyo metropolitan area by leveraging our planning and design capabilities, and sell attractive condominiums targeting single-person households and power couples.」
The focus on the Tokyo metropolitan area and the use of planning and design capabilities were maintained, while the target customer description changed from DINKS and families to single-person households and power couples. - FY2023-Q3RestatedAnnual report
「Although some properties had been contracted and sold out, there were no properties delivered for revenue recognition because delivery was scheduled for October 2023. As a result, revenue was zero, compared with ¥427 million in the same quarter of the previous year. However, additional construction costs related to properties already sold were incurred, resulting in a segment loss of ¥3 million, compared with segment profit of ¥18 million in the same quarter of the previous year.」
Although some properties had been contracted and sold out, delivery was scheduled for October 2023, so no properties were recognized as revenue during the cumulative third-quarter period. Revenue was zero and a ¥3 million segment loss was recorded due to additional construction costs. - FY2023-Q2RestatedAnnual report
「There were no properties for sale in the condominium development business, so revenue was zero, compared with ¥340 million in the same quarter of the previous year. However, additional construction costs related to properties already sold were incurred, resulting in a segment loss of ¥3 million, compared with segment profit of ¥15 million in the same quarter of the previous year.」
As in the previous quarter, there were no properties for sale, resulting in zero revenue and a ¥3 million segment loss due to additional construction costs. - FY2023-Q1WorsenedAnnual report
「There were no properties for sale in the condominium development business, so revenue was zero, compared with ¥220 million in the same quarter of the previous year. However, additional construction costs related to properties already sold were incurred, resulting in a segment loss of ¥3 million, compared with segment profit of ¥13 million in the same quarter of the previous year.」
There were no properties for sale during the cumulative first-quarter period, resulting in zero revenue and a segment loss due to additional construction costs. - FY2022-Q3WorsenedAnnual report
「In the condominium development business, we sold Plume Nouvelle Musashino in Musashino-shi, Tokyo. With the above project remaining the only property for sale, the number of units sold was lower in the cumulative third-quarter period because sales had progressed compared with the same cumulative period of the previous year, when sales had just begun. Revenue was ¥427 million, down 30.6% year on year, and segment profit was ¥18 million, down 42.1%.」
Plume Nouvelle Musashino remained the only property for sale in the condominium development business, and both revenue and segment profit declined year on year. - FY2022-Q2WorsenedAnnual report
「In the condominium development business, we sold Plume Nouvelle Musashino in Musashino-shi, Tokyo. With the above project remaining the only property for sale, the number of units sold was lower in the cumulative second-quarter period because sales had progressed compared with the same cumulative period of the previous year, when sales had just begun. Revenue was ¥340 million, down 26.9% year on year, and segment profit was ¥15 million, down 45.0%.」
The company continued selling Plume Nouvelle Musashino, but it remained the only property for sale, and both revenue and segment profit declined year on year. - FY2022-Q1WorsenedAnnual report
「With the above project remaining the only property for sale in the condominium development business, sales progressed at a slightly slower pace than in the same quarter of the previous year, resulting in revenue of ¥220 million, down 27.5% year on year, and segment profit of ¥13 million, down 49.8%.」
The company continued selling Plume Nouvelle Musashino, but the slower sales pace caused both revenue and segment profit to decline year on year. - FY2021Full-Year Revenue and Profit DeclineAnnual report
「The condominium development business recorded revenue of ¥921 million, down 83.8% year on year, and segment profit of ¥42 million, down 77.7%.」
In FY2021, revenue and segment profit in the condominium development business both declined sharply year on year, resulting in lower revenue and profit. - FY2021-Q3WorsenedAnnual report
「As a result, revenue was ¥616 million, down 88.6% year on year, and segment profit was ¥31 million, down 82.4%. The result was affected by delays in model-room sales and restrictions on customer acquisition activities following the declaration of a state of emergency as COVID-19 infections spread.」
The company continued selling condominium development properties, but revenue and segment profit fell sharply year on year, with sales delays and restrictions on customer acquisition due to the state of emergency continuing to have an impact. - FY2021-Q2WorsenedAnnual report
「In the condominium development business, we sold Plume Nouvelle Musashino in Musashino-shi, Tokyo, as a property sold by the company. As a result, revenue was ¥465 million, down 73.7% year on year, and segment profit was ¥28 million, down 67.3%. The result was affected by delays in starting sales at the model room and restrictions on customer acquisition activities following the declaration of a state of emergency as COVID-19 infections spread.」
The company continued selling condominium development properties, but delays in starting model-room sales and restrictions on customer acquisition following the state of emergency caused revenue and segment profit to decline year on year. - FY2021-Q1WorsenedAnnual report
「Because the sales period for the above project was delayed due to the impact of COVID-19, sales fell below plan, resulting in revenue of ¥304 million, down 82.1% year on year, and segment profit of ¥26 million, down 71.1%.」
Although condominium sales continued, the sales period was delayed by the impact of COVID-19 and sales fell below plan. Revenue and segment profit also declined year on year. - FY2020AdvancedAnnual report
「In the condominium development business, we develop condominiums mainly in the Tokyo metropolitan area by leveraging our strengths in planning and design, and sell attractive condominiums targeting single-person households and power couples.」
Revenue from the condominium development business was ¥5,702 million, up 766.0% year on year, and the segment turned profitable at ¥190 million from a segment loss of ¥222 million in the previous fiscal year. - FY2020-Q3AdvancedAnnual report
「The condominium development business sold 3 properties, including The Grand Plouve Kamiuma in Setagaya-ku, Tokyo, Douage Collad Shoto in Shibuya-ku, Tokyo, and Asdeur Nihombashi Ningyocho in Chuo-ku, Tokyo.」
The company reported sales of 3 condominium properties, including 2 new properties in addition to those reported through the previous quarter. - FY2020-Q2RestatedAnnual report
「In the condominium development business, we sold The Grand Plouve Kamiuma in Setagaya-ku, Tokyo, as a property sold by the company.」
The company continued selling condominiums. The same property was reported as in the previous quarter, with no new quantitative progress indicated. - FY2020-Q1AdvancedAnnual report
「In the condominium development business, we sold The Grand Plouve Kamiuma in Setagaya-ku, Tokyo, as a property sold by the company.」
The company sold The Grand Plouve Kamiuma during the cumulative first-quarter period as part of its condominium development and sales business. - FY2019-Q3RestatedAnnual report
「The condominium development business sold Grande Vance Gotenyama The Residence in Shinagawa-ku, Tokyo, as a property owned by the company.」
The company continued selling condominiums. The same property was reported as in the previous quarter, with no new quantitative progress indicated. - FY2019-Q2RestatedAnnual report
「In the condominium development business, we sold Grande Vance Gotenyama The Residence in Shinagawa-ku, Tokyo, as a property sold by the company.」
The company continued selling the same property as in the previous quarter, leveraging its creative design capabilities and other strengths. - FY2019-Q1AdvancedAnnual report
「In the condominium development business, we sold Grande Vance Gotenyama The Residence in Shinagawa-ku, Tokyo, as a property sold by the company.」
The company sold 1 property during the cumulative first-quarter period in its condominium development and sales business. - FY2018RestatedAnnual report
「In the condominium development business, we will develop condominiums mainly in the Tokyo metropolitan area by leveraging our strengths in creative design and presentation design, and sell them to DINKS and families.」
The company continued its condominium development and sales policy centered on the Tokyo metropolitan area, design capabilities, DINKS and families. - FY2018-Q3RestatedAnnual report
「The condominium development business sold 3 properties, including Bande Luce Hokusai-dori in Sumida-ku, Tokyo, Classy Arte Tokiwadai in Itabashi-ku, Tokyo, and Raffine Vielte in Edogawa-ku, Tokyo.」
The company continued selling 3 condominium properties, the same number as reported in the previous quarter. - FY2018-Q2RestatedAnnual report
「In the condominium development business, we sold 3 properties, including Bande Luce Hokusai-dori in Sumida-ku, Tokyo, Classy Arte Tokiwadai in Itabashi-ku, Tokyo, and Raffine Vielte in Edogawa-ku, Tokyo.」
The company continued selling condominiums. The number of properties sold was 3, unchanged from the previous quarterly report. - FY2018-Q1AdvancedAnnual report
「In the condominium development business, we sold 3 properties, including Bande Luce Hokusai-dori in Sumida-ku, Tokyo, Classy Arte Tokiwadai in Itabashi-ku, Tokyo, and Raffine Vielte in Edogawa-ku, Tokyo.」
The company reports the sale of 3 properties during the quarter in its condominium development and sales business, leveraging its creative design capabilities. - FY2017-Q3RestatedAnnual report
「The condominium development business sold 5 properties, including Estu Mare Monzen-Nakacho in Koto-ku, Tokyo, Raison Briller Shinnakano in Nakano-ku, Tokyo, and Voga Corte Takaido in Suginami-ku, Tokyo.」
The company continued selling condominium development properties, with sales totaling 5 properties. No new quantitative progress was reported compared with the previous quarter. - FY2017-Q2AdvancedAnnual report
「In the condominium development business, we sold 5 properties, including Estu Mare Monzen-Nakacho (Koto-ku, Tokyo), Raison Brillier Shinnakano (Nakano-ku, Tokyo) and Sky Court Palace Tsukishima (Tsukuda, Chuo-ku).」
Sales of condominium development properties increased from 4 to 5 compared with the previous quarter. - FY2017-Q1AdvancedAnnual report
「In the condominium development business, we sold 4 properties, including Estu Mare Monzen-Nakacho (Koto-ku, Tokyo) and Raison Brillier Shinnakano (Nakano-ku, Tokyo), as properties sold by the company.」
The company reported the sale of 4 condominium development properties. - FY2016First statedAnnual report
「In the condominium development business, we develop condominiums mainly in the Tokyo metropolitan area by leveraging our strengths in creative design and presentation design, and sell them to DINKS and families.」
The company described its approach to condominium development, centered on the Tokyo metropolitan area, design capabilities and DINKS and families.