Financing Conditions and Investment Appetite for Income-Producing Properties in Central Tokyo
First written in FY2016-Q2. 17 of 33 entries say "Restated". Latest entry: 2026-09-10.
The whole theme swung hardest in 2019: 1 of 6 companies on the "Worse" side.
2 other companies' latest entry also says "Restated".
- 2026-09-10RestatedEarnings
「In central Tokyo, the Group's primary business area, rents for offices and residences have continued to trend upward and remained firm, but the business environment has become increasingly challenging due to soaring construction material prices and rising interest rates.」
Indicates an upward trend in rents and firm demand in central Tokyo while also citing the increasingly challenging business environment caused by higher construction material prices and interest rates. - FY2026-H1RestatedAnnual report
「In the real estate industry in which our group operates, residential rents in central Tokyo, our main operating area, have maintained an upward trend against a backdrop of net population inflows, and demand has remained resilient.」
The company maintains through the previous fiscal year its market view that residential rents are on an upward trend and demand is resilient in central Tokyo, supported by net population inflows. - 2026-06-11RestatedEarnings
「In central Tokyo, the Group's primary business area, residential rents have continued to trend upward against a backdrop of net population inflows, and demand has remained firm.」
Continues to recognize an upward trend in residential rents in central Tokyo and firm demand. - FY2025-H1Added an upward trend in residential rents and resilient demand.Annual report
「The real estate industry in which our group operates faces growing concerns over soaring real estate prices, higher construction costs due to supply constraints for construction materials and rising interest rates. However, in central Tokyo, our main operating area, residential rents are strengthening their upward trend against a backdrop of net population inflows, and demand remains resilient.」
While maintaining concerns over real estate prices, construction costs and rising interest rates, the company states that the upward trend in residential rents is strengthening in central Tokyo against a backdrop of net population inflows and that demand remains resilient. - FY2024-Q2Added lower vacancy rates in central Tokyo offices and net population inflows into Tokyo's 23 wards.Annual report
「The real estate industry in which our group operates continues to perform solidly, as indicated by lower vacancy rates in central Tokyo office buildings and net population inflows into Tokyo's 23 wards, despite growing concerns over soaring real estate prices, higher construction costs due to supply constraints for construction materials and rising interest rates.」
While maintaining concerns over real estate prices, construction costs and interest rates, the company has added lower vacancy rates in central Tokyo office buildings and net population inflows into Tokyo's 23 wards as evidence of the industry's firmness. - FY2024-Q1Added concerns over real estate prices, construction costs and interest rates.Annual report
「The office market remains weak, while rents for rental housing have remained firm, with signs of increases in some areas. At the same time, concerns over soaring real estate prices, higher construction costs due to supply constraints for construction materials and rising interest rates are beginning to materialize.」
While maintaining the view that the office market is weak and rental housing rents are firm, the company has newly specified concerns over soaring real estate prices, supply constraints for construction materials, higher construction costs and rising interest rates. - FY2023RestatedAnnual report
「The real estate industry in which our group operates continues to see weakness in the office market, while rents for rental housing have remained firm, with signs of increases in some areas.」
The company continues to highlight through the full fiscal year the two-sided nature of the market, with weakness in the office market and firmness in rental housing rents, including signs of increases in some areas. - FY2023-Q3RestatedAnnual report
「The office market remains weak, while rents for rental housing have remained firm, with signs of increases in some areas.」
The company continues to highlight the two-sided nature of the market, with weakness in the office market and firmness in rental housing rents, including signs of increases in some areas. - FY2023-Q2Added signs of rising residential rents.Annual report
「The office market remains weak, while rents for rental housing have remained firm, with signs of increases in some areas.」
While the office market remains weak, the company states that rents for rental housing remain firm, with signs of increases in some areas in addition to their previous strength. - FY2023-Q1RestatedAnnual report
「The real estate industry in which our group operates continues to see weakness in the office market, while rents for rental housing remain generally firm.」
The company continues to highlight the two-sided nature of the real estate market, with weakness in the office market and firmness in rental housing rents. - FY2022RestatedAnnual report
「While the office market remains weak, rents for rental housing have been largely unaffected and have remained firm.」
The company continues to highlight the two-sided nature of the real estate market, with weakness in the office market and firmness in rental housing rents. - FY2022-Q2RestatedAnnual report
「The office market remains weak, while rents for rental housing have been largely unaffected and have remained firm.」
The company continues to highlight the two-sided nature of the real estate market, with weakness in the office market and firmness in rental housing rents. - FY2022-Q1RestatedAnnual report
「The office market remains weak, while rents for rental housing have been largely unaffected and have remained firm.」
The market view remains that the office market is weak, while rents for rental housing remain firm. - FY2021-Q3WorsenedAnnual report
「The real estate industry in which our group operates remains relatively firm, with rents for residential properties in central Tokyo largely flat, but both rents and occupancy rates in the office building market continue to trend downward, requiring attention to future developments.」
While residential rents are largely flat and relatively firm, the company specifies its concerns by stating that occupancy rates, in addition to rents, continue to trend downward in the office building market. - FY2021-Q2Explicitly stated that rents for rental condominiums are flat and rents for office buildings are falling.Annual report
「In the real estate market, rents for rental condominiums in central Tokyo have remained largely flat, while rents for office buildings have continued to decline, requiring close monitoring of developments.」
The company states that rents for residential rental condominiums are largely flat, while the market view is that rents for office buildings continue to trend downward. - FY2020Explicitly stated that the residential rental market remains firm and that the impact of the infection is expected to be limited.Annual report
「Rents for rental housing have been largely unaffected and have remained firm. The impact of COVID-19 on business performance is considered limited, as most of the properties handled by the core property management and operations business are residential.」
Replacing the previous discussion of the funding environment and investment appetite, the company describes its operating environment as one in which rents for rental housing remain firm and the impact of the infection on business performance is expected to be limited. - FY2020-Q3WorsenedAnnual report
「The company does not currently expect a significant impact on business performance from COVID-19, as most of the properties handled by its core property management and operations business are residential. However, given signs of deterioration in the employment environment, the outlook requires close monitoring.」
While it does not currently expect a significant impact on business performance because most properties are residential, the company newly points to deterioration in the employment environment and says the outlook requires close monitoring. - FY2020-Q2Added uncertainty over the outlook due to the spread of the infection and the expectation that the impact on residential properties will be limited.Annual report
「The real estate industry in which our group operates has generally remained firm, with rents for residential properties in central Tokyo also rising moderately, but the outlook remains uncertain. Although we cannot at this point specifically forecast the impact of the spread of the novel coronavirus (COVID-19) on business performance, most of the properties handled by our property management and operations business are residential, so we expect the impact on rent collection and other matters to be limited.」
While maintaining the view that the real estate industry is firm overall, the company has added uncertainty over the outlook due to the novel coronavirus. As most of its properties are residential, it expects the impact on rent collection and other matters to be limited. - FY2020-Q1RestatedAnnual report
「Although concerns remain, including the tightening of financial institutions' lending standards, the real estate industry to which our group belongs has remained generally strong.」
The view remains that the real estate industry is generally strong, while tighter lending standards are seen as a concern. - FY2019RestatedAnnual report
「Although concerns remain, including soaring building procurement costs and tighter lending standards at some financial institutions, conditions have remained generally solid against a backdrop of strong corporate performance.」
The market view remains that the real estate industry is generally firm, despite concerns over rising building procurement costs and tighter lending standards. - FY2019-Q3RestatedAnnual report
「Although concerns remain, including soaring building procurement costs and tighter lending standards at some financial institutions, conditions have remained generally solid against a backdrop of strong corporate performance.」
The view remains that the real estate industry is generally firm, while rising building procurement costs and tighter lending standards are seen as concerns. - FY2019-Q2Added soaring building procurement costs.Annual report
「Although concerns remain, including soaring building procurement costs and tighter lending standards at some financial institutions, conditions have remained generally solid against a backdrop of strong corporate performance.」
While stating that the real estate industry is generally solid, the description explicitly identifies soaring building procurement costs, in addition to the previously noted tightening of lending standards, as a concern. - FY2019-Q1Added tighter lending standards as a concern.Annual report
「Although concerns remain, including the tightening of financial institutions' lending standards, the real estate industry to which our group belongs has remained generally strong.」
While stating that the real estate industry is generally strong, the description explicitly identifies the tightening of financial institutions' lending standards as a new concern. - FY2018Re-emphasized the maintenance of investment appetite and expectations for continued solid performance.Annual report
「Although concerns remain over signs of overheating, conditions are expected to remain solid going forward because investors continue to maintain an active investment stance under accommodative financial conditions.」
The description expresses concerns over signs of overheating in the real estate market while expecting conditions to remain solid going forward against a backdrop of accommodative financial conditions and investors' active stance. - FY2018-Q3SoftenedAnnual report
「The real estate industry to which our company belongs has remained generally solid.」
Although the real estate industry's resilience is being maintained, the description is limited to a concise assessment of current conditions compared with the previous expectation of continued solid performance against a backdrop of monetary easing policies and favorable financing conditions. - FY2018-Q2RestatedAnnual report
「In the real estate industry, which is the business area of our group, conditions are expected to remain solid going forward against a backdrop of favorable financing conditions resulting from monetary easing policies.」
The description continues to recognize that the real estate industry will remain solid going forward against a backdrop of favorable financing conditions resulting from monetary easing policies. - FY2018-Q1Explicitly expressed expectations for continued solid performance.Annual report
「In the real estate industry, which is the business area of our group, conditions are expected to remain solid going forward against a backdrop of favorable financing conditions resulting from monetary easing policies.」
In addition to the previous view that conditions were "generally solid," the description expresses expectations that they will remain solid going forward against a backdrop of monetary easing policies. - FY2017-Q3RestatedAnnual report
「In the real estate industry, which is the business area of our group, conditions have remained generally solid against a backdrop of favorable financing conditions resulting from monetary easing, although more cautious views are beginning to emerge in some areas.」
The description continues to recognize favorable financing conditions resulting from monetary easing and generally solid performance in the real estate industry, while noting that more cautious views are emerging in some areas. - FY2017-Q2SoftenedAnnual report
「In the real estate industry, which is the business area of our group, conditions have remained generally solid against a backdrop of favorable financing conditions resulting from monetary easing, although more cautious views are beginning to emerge in some areas.」
While indicating favorable financing conditions resulting from monetary easing and generally solid performance in the real estate industry, the description adds the negative factor that more cautious views are emerging in some areas. - FY2017-Q1RestatedAnnual report
「In the real estate industry, which is the business area of our group, conditions have remained generally solid against a backdrop of favorable financing conditions resulting from monetary easing.」
The description continues to recognize favorable financing conditions resulting from monetary easing and the real estate industry's generally solid performance as the market environment. - FY2016RestatedAnnual report
「In the real estate industry, investment appetite for income-generating properties and other real estate in central Tokyo has remained solid against a backdrop of favorable financing conditions.」
The description continues to recognize favorable financing conditions and solid investment appetite for income-generating properties in central Tokyo as the market environment. - FY2016-Q3RestatedAnnual report
「In the real estate industry, which is the business area of our group, investment appetite for income-generating properties and other real estate in central Tokyo has remained solid against a backdrop of favorable financing conditions.」
The description continues to recognize the business environment as favorable, with financing conditions supportive and investment appetite for income-generating properties in central Tokyo remaining solid. - FY2016-Q2First statedAnnual report
「Against a backdrop of favorable financing conditions, investment appetite for income-producing real estate in central Tokyo and elsewhere remained firm.」
The company describes the real estate business environment as one in which financing conditions are favorable and investment appetite remains firm.