Expansion of Company-Owned Income-Producing Properties Held for Lease
First written in FY2016. 7 of 16 entries say "Advanced", first in FY2017. Latest entry: FY2026.
22 other companies' latest entry also says "Advanced".
- FY2026AdvancedAnnual report
「Rental income and expenses from the relevant rental properties during the consolidated fiscal year resulted in rental profit of ¥212.669 million. Rental income is included in revenue, while rental expenses are included in cost of sales.」
The carrying amount of rental properties and other assets at fiscal year-end was ¥5,181.924 million, expanding the balance of rental properties held. Rental profit, however, declined to ¥212.669 million from ¥312.430 million in the previous fiscal year. - 2026-06-18ReframedTimely disclosure
「Following a review of the portfolio from the perspectives of the profitability, future potential and asset efficiency of our owned assets, we decided to change the holding purpose of certain rental properties from fixed assets to real estate for sale.」
For one rental property in Kawasaki City, with a carrying value of approximately ¥350 million, the holding purpose was changed from fixed assets held for stable rental income to real estate for sale. - FY2025Acquisition of rental real estate and transfer to properties held for saleAnnual report
「Changes during the current consolidated fiscal year (with a minus sign indicating a decrease) consisted of the acquisition of rental real estate for ¥1,391.167 million, a transfer of ¥1,585.690 million to real estate held for sale, and depreciation expense of ¥61.713 million.」
The Company acquired approximately ¥1.39 billion in rental real estate while transferring approximately ¥1.59 billion to real estate held for sale, indicating further changes in holding purposes. Rental profit was ¥312.430 million. - FY2025-H1Some rental properties transferred to properties held for saleAnnual report
「During the current interim consolidated accounting period, the Company transferred ¥1,585.690 million in property, plant and equipment to real estate held for sale because it changed the holding purpose of some rental properties from rental to sale.」
The Company changed the holding purpose of some rental properties from rental to sale and transferred ¥1,585.69 million to real estate held for sale. - FY2024Rental profit increased, while the balance of properties held declinedAnnual report
「Rental profit from the relevant real estate held for rental and other purposes during the current consolidated fiscal year was ¥230.320 million.」
Rental profit from real estate held for rental and other purposes increased from ¥201.781 million in the previous fiscal year to ¥230.320 million, while its carrying amount declined from ¥4,436 million to ¥4,355 million. - FY2023Rental profit continued, while the balance of properties held declinedAnnual report
「Rental profit from the relevant real estate held for rental and other purposes during the current consolidated fiscal year was ¥201.781 million.」
While rental profit from real estate held for rental and other purposes continued, its carrying amount declined from ¥4,567 million in the previous fiscal year to ¥4,436 million. - FY2022AdvancedAnnual report
「This was primarily due to the purchase of an income-generating property for ¥388 million.」
The Company purchased an income-generating property for ¥388 million, increasing the period-end carrying amount of real estate held for rental and other purposes to ¥4,567 million. - FY2022-Q3AdvancedAnnual report
「The increase in total assets was primarily attributable to an ¥886 million increase in cash and deposits as property sales progressed and profits accumulated, a ¥560 million increase in inventories resulting from efforts to acquire development sites despite challenging procurement conditions, and a ¥174 million increase in property, plant and equipment due to purchases of income-generating properties and other factors, despite a ¥374 million decrease in corporate income taxes receivable.」
Property, plant and equipment increased by ¥174 million due to purchases of income-generating properties and other factors, indicating that the Company continued to expand its owned assets. - FY2022-Q2AdvancedAnnual report
「The decrease in total assets was primarily attributable to a ¥790 million increase in inventories, resulting from efforts to acquire development sites despite challenging procurement conditions, and a ¥296 million increase in property, plant and equipment, mainly from purchases of income-generating properties, while cash and deposits declined by ¥1,271 million and corporate income taxes receivable declined by ¥374 million.」
Property, plant and equipment increased by ¥296 million due to purchases of income-generating properties and other factors, indicating an expansion of assets owned by the Company. - FY2021AdvancedAnnual report
「This was primarily because the Company recognized an impairment loss of ¥116 million on some rental properties, while purchasing 1 income-generating property for ¥356 million.」
The Company acquired 1 income-generating rental property for approximately ¥356 million, bringing the period-end balance of real estate held for rental and other purposes to ¥4,381 million. An impairment loss was also recognized on some properties. - FY2021-Q3Impairment loss recognized on rental propertiesAnnual report
「The real estate business segment recognized an impairment loss on fixed assets, specifically rental real estate. The impairment loss recognized for the cumulative third quarter of the current consolidated fiscal year was ¥116.677 million.」
The Company recognized an impairment loss of ¥116.677 million on rental real estate. - FY2020Rental profit declined, while holdings increased slightlyAnnual report
「Rental profit from real estate held for rental and other purposes for the fiscal year ended June 2020 was ¥129.602 million. Rental income is included in net sales, and rental expenses are included in cost of sales.」
The period-end carrying amount of real estate held for rental and other purposes increased slightly from ¥4,165.434 million to ¥4,214.238 million, while rental profit declined from ¥195.348 million in the previous fiscal year to ¥129.602 million. - FY2019Rental income continued, while the balance of properties held declinedAnnual report
「Rental profit from real estate held for rental and other purposes for the fiscal year ended June 2019 was ¥195.348 million. The amount recognized for this real estate on the consolidated balance sheet was ¥4,165.434 million at the end of the fiscal year.」
While income from real estate held for rental and other purposes continued, its period-end carrying amount declined from ¥4,256.849 million in the previous fiscal year to ¥4,165.434 million. - FY2018AdvancedAnnual report
「The changes during the current consolidated fiscal year consisted of the acquisition of income-generating properties for ¥484.689 million, the acquisition of existing hotel sites for ¥322.608 million, and depreciation expense of ¥93.399 million.」
The Company acquired income-generating properties, increasing the period-end balance of real estate held for rental and other purposes to ¥4,256.849 million. - FY2017AdvancedAnnual report
「Azil Court Kita-Shinagawa (Kita-Shinagawa, Shinagawa-ku, Tokyo) Other Rental real estate 521,002 369,001 890,004 December 2016」
The Company acquired the rental property Azil Court Kita-Shinagawa in December 2016, expanding its holdings of income-generating properties. - FY2016First statedAnnual report
「In addition to Alicia Court Hatcho-nawate (32 units), acquired in the previous consolidated fiscal year using funds raised from the market through a public offering and other means in June 2015, the Company acquired Azil Court Shinagawa-nakanobu (64 units), a property developed by the Company, and Alicia Court Tamagawa (19 units), a property developed by another company, as income-generating properties during the current consolidated fiscal year. The number of income-generating properties owned by the Company has therefore increased, and this strategy is expected to continue.」
The Company expanded its holdings by 3 income-generating properties, totaling 115 units, and indicated that this policy would continue.