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Early Age (3248) · FactContinued declines in revenue and profit, with the magnitude of the declines narrowingLatest Earnings (2026-09-10): "Worsened"

Declines in Revenue and Profit in the Real Estate Development and Sales Business

First written in FY2016-Q2. 12 of 36 entries say "Worsened", first in FY2017-Q1. Latest entry: 2026-09-10.

36entries
11years
2from disclosures
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How it moved
ProgressHeldSoftenedWorseAdvancedFY2017-Q2 – FY20182016: 220162017: 420172018: 320182019: 420192020: 420202021: 420212022: 320222023: 420232024: 320242025: 120252026: 42026
Same theme, other companies
Performance Fluctuations in the Real Estate Investment Development BusinessA theme 48 companies write about · 23 as a headwind · 28 as a tailwind

Early Age moved to the "Worse" side of this theme in 2025, 3 years after the typical company in this theme (2022).

The whole theme swung hardest in 2020: 9 of 40 companies on the "Worse" side.

6 other companies' latest entry also says "Worsened".

Ridges = years it wrote progress, valleys = years it wrote worse. Most hopeful companies at the back. Drag to turn, scroll to zoom, right-drag to pan. On a phone, two fingers turn and pinch to zoom; one finger scrolls the page.
Showing 14 of the 48 companies compared. The sentences above are computed from all 48.
Full recordFilings, disclosures and news, newest first
  1. 2026-09-10WorsenedEarnings

    「Revenue from the development and sales business was ¥260.546 million (same period of the previous year: ¥409.440 million, down 36.4% year on year), and segment profit was ¥82.104 million (same period of the previous year: ¥105.104 million, down 21.9%).」

    Although the Company sold 1 income-producing apartment building comprising 10 units, the development and sales business recorded lower revenue and profit year on year.
  2. FY2026-H1Continued declines in revenue and profit, with the magnitude of the declines narrowingAnnual report

    「In this segment, we sold one rental apartment building (10 units). As a result, revenue from the development and sales business was ¥260.100 million (same period last year: ¥364.670 million, down 28.7% year on year), and segment profit was ¥94.679 million (same period last year: ¥106.960 million, down 11.5% year on year).」

    Although the company sold one rental apartment building with 10 units, revenue and profit continued to decline year on year. The declines narrowed from the 80.1% fall in revenue and 79.8% fall in segment profit in the first half of the previous year.
  3. 2026-06-11WorsenedEarnings

    「The Company sold 1 income-producing apartment building comprising 10 units. As a result, revenue from the development and sales business was ¥260.100 million (same period of the previous year: ¥364.670 million, down 28.7% year on year), and segment profit was ¥94.679 million (same period of the previous year: ¥106.960 million, down 11.5%).」

    Although the Company recorded a sale, the development and sales business posted lower revenue and profit year on year.
  4. FY2025WorsenedAnnual report

    「We sold 3 rental-use properties (23 units), compared with 2 properties (91 units) in the prior fiscal year. As a result, revenue from the development and sales business was ¥409.440 million (prior fiscal year: ¥1,892.195 million, down 78.4% year on year), and segment profit was ¥95.346 million (prior fiscal year: ¥523.297 million, down 81.8% year on year).」

    Although 3 properties with 23 units were sold, the development and sales business reported a 78.4% decline in revenue and an 81.8% decline in segment profit, disclosing lower revenue and profit following the sale of a large property in the prior year.
  5. FY2025-H1WorsenedAnnual report

    「In this segment, we sold 2 rental apartment buildings (19 units). As a result, revenue from the development and sales business was ¥364.670 million (same period last year: ¥1,828.748 million, down 80.1% year on year), and segment profit was ¥106.960 million (same period last year: ¥530.648 million, down 79.8% year on year).」

    Although the company sold 2 rental apartment buildings with 19 units, revenue fell 80.1% and segment profit fell 79.8% year on year, resulting in lower revenue and profit after the substantial increases in the same period last year.
  6. FY2024-Q2AdvancedAnnual report

    「In this segment, we sold one rental apartment building (85 units). As a result, revenue from the development and sales business was ¥1,828.748 million (same period last year: ¥436.488 million, up 319.0% year on year), and segment profit was ¥530.648 million (same period last year: ¥116.050 million, up 357.3% year on year).」

    The company sold one rental apartment building with 85 units. Revenue from the development and sales business rose 319.0% year on year, and segment profit rose 357.3%.
  7. FY2024-Q1WorsenedAnnual report

    「In this segment, we focused on the planning and development of high-quality rental-use properties. During the first quarter of the current consolidated cumulative period, no properties were handed over, so no revenue was recognized (same period last year: ¥182.307 million), and the segment recorded a loss of ¥8.279 million (same period last year: segment profit of ¥26.978 million).」

    While advancing the planning and development of high-quality rental-use properties, the business recognized no revenue because no properties were handed over, shifting from profit in the same period last year to a loss of ¥8.279 million.
  8. FY2023RestatedAnnual report

    「We sold 5 rental apartment buildings (39 units). As a result, revenue from the development and sales business was ¥614.333 million (prior fiscal year: ¥849.467 million, down 27.7% year on year), and segment profit was ¥139.596 million (prior fiscal year: ¥220.021 million, down 36.6% year on year).」

    The company disclosed full-year sales of 5 apartment buildings with 39 units, while revenue and profit in the development and sales business declined year on year.
  9. FY2023-Q3More buildings sold; year-on-year revenue and profit declines continueAnnual report

    「In this segment, we sold 5 rental apartment buildings (39 units). As a result, revenue from the development and sales business was ¥614.333 million (same period last year: ¥849.467 million, down 27.7% year on year), and segment profit was ¥147.186 million (same period last year: ¥212.264 million, down 30.7% year on year).」

    The company sold 5 rental apartment buildings with 39 units, up from 4 buildings with 29 units in the previous quarter, while revenue and profit continued to decline year on year.
  10. FY2023-Q2AdvancedAnnual report

    「In this segment, we sold 4 rental apartment buildings (29 units). As a result, revenue from the development and sales business was ¥436.488 million (same period last year: ¥849.467 million, down 48.6% year on year), and segment profit was ¥116.050 million (same period last year: ¥223.658 million, down 48.1% year on year).」

    The company sold 4 rental apartment buildings with 29 units. Revenue and profit declined year on year, while details of property handovers and sales volumes were disclosed.
  11. FY2023-Q1WorsenedAnnual report

    「In this segment, while focusing on the planning and development of high-quality rental-use properties, we sold 2 rental-use properties (13 units) held by the company. As a result, revenue from the development and sales business was ¥182.307 million (same period last year: ¥640.655 million, down 71.5% year on year), and segment profit was ¥26.978 million (same period last year: ¥201.913 million, down 86.6% year on year).」

    Although the company sold 2 rental-use properties with 13 units, revenue from the development and sales business fell 71.5% year on year and segment profit fell 86.6%.
  12. FY2022Sales volumes maintained; full-year revenue and profit higherAnnual report

    「We sold 3 rental-use properties (62 units) held by the company. As a result, revenue from the development and sales business was ¥849.467 million (prior fiscal year: ¥491.898 million, up 72.7% year on year), and segment profit was ¥220.021 million (prior fiscal year: ¥69.800 million, up 215.2% year on year).」

    The company sold 3 rental-use properties with 62 units during the full year, resulting in substantial year-on-year increases in revenue and profit in the development and sales business.
  13. FY2022-Q3Sales volumes maintained; higher revenue and profit continuesAnnual report

    「In this segment, we sold 3 rental apartment buildings (62 units). As a result, revenue from the development and sales business was ¥849.467 million (same period last year: ¥491.898 million, up 72.7% year on year), and segment profit was ¥212.264 million (same period last year: ¥81.740 million, up 159.7% year on year).」

    The company reported sales of 3 rental apartment buildings with 62 units and revenue of ¥849.467 million. Revenue and profit continued to rise year on year, while revenue was unchanged from the second-quarter cumulative period and segment profit fell from ¥223.658 million in the second-quarter cumulative period to ¥212.264 million.
  14. FY2022-Q2AdvancedAnnual report

    「In this segment, we sold 3 rental apartment buildings (62 units). As a result, revenue from the development and sales business was ¥849.467 million (same period last year: ¥411.767 million, up 106.3% year on year), and segment profit was ¥223.658 million (same period last year: ¥87.457 million, up 155.7% year on year).」

    The company sold 3 rental apartment buildings with 62 units. Revenue from the development and sales business rose 106.3% year on year, and segment profit rose 155.7%.
  15. FY2022-Q1AdvancedAnnual report

    「In this segment, we sold 2 rental apartment buildings (50 units). As a result, revenue from the development and sales business was ¥640.655 million (no revenue recognized in the same period last year), and segment profit was ¥201.913 million (same period last year: segment loss of ¥10.925 million).」

    From no revenue and a segment loss in the same period last year, sales of 2 rental apartment buildings with 50 units resulted in revenue of ¥640.655 million and segment profit of ¥201.913 million.
  16. FY2021-Q3AdvancedAnnual report

    「In this segment, we sold one rental-use building (15 units) and other properties. As a result, revenue from the development and sales business was ¥491.898 million (same period last year: ¥671.759 million, down 26.8% year on year), and segment profit was ¥81.740 million (same period last year: ¥111.740 million, down 26.8% year on year).」

    In addition to one rental-use building with 15 units, the company reported sales of other properties, progressing cumulative sales from the previous quarter. Revenue and profit nevertheless declined year on year.
  17. FY2021-Q2AdvancedAnnual report

    「In this segment, we sold one rental-use building (15 units). As a result, revenue from the development and sales business was ¥411.767 million (same period last year: ¥671.759 million, down 38.7% year on year), and segment profit was ¥87.457 million (same period last year: ¥122.126 million, down 28.4% year on year).」

    Following no property handovers and a loss in the first quarter, the business progressed to the sale of one rental-use building with 15 units and recorded a profit. Revenue and profit nevertheless declined year on year.
  18. FY2021-Q1WorsenedAnnual report

    「No properties were handed over during the first quarter of the current consolidated cumulative period, so no revenue was recognized (same period last year: ¥671.759 million), and the segment recorded a loss of ¥10.925 million (same period last year: segment profit of ¥134.569 million).」

    The development and sales business recognized no revenue because no properties were handed over, and shifted from segment profit in the same period last year to a loss of ¥10.925 million.
  19. FY2020WorsenedAnnual report

    「We sold 2 rental apartment buildings (48 units) and other properties. As a result, revenue from the development and sales business was ¥671.759 million (prior fiscal year: ¥541.897 million, up 24.0% year on year), and segment profit was ¥108.041 million (prior fiscal year: ¥200.113 million, down 46.0% year on year).」

    The company sold 2 rental apartment buildings with 48 units and other properties. Revenue rose 24.0%, but segment profit fell 46.0%, confirming a decline in profit for the full year as well.
  20. FY2020-Q3WorsenedAnnual report

    「We sold 2 rental apartment buildings (48 units) and other properties. As a result, revenue from the development and sales business was ¥671.759 million (same period last year: ¥541.897 million, up 24.0% year on year), and segment profit was ¥111.740 million (same period last year: ¥206.759 million, down 46.0% year on year).」

    Revenue increased on sales of 2 rental apartment buildings with 48 units and other properties, while the decline in segment profit widened to 46.0% year on year from 44.9% in the previous quarter.
  21. FY2020-Q2Higher revenue and lower profit continueAnnual report

    「We sold 2 rental apartment buildings (48 units) and other properties. As a result, revenue from the development and sales business was ¥671.759 million (same period last year: ¥541.897 million, up 24.0% year on year), and segment profit was ¥122.126 million (same period last year: ¥221.722 million, down 44.9% year on year).」

    The company sold 2 rental apartment buildings with 48 units and other properties. Revenue rose 24.0%, while segment profit fell 44.9%.
  22. FY2020-Q1Shift from higher revenue and profit to higher revenue and lower profitAnnual report

    「We sold 2 rental apartment buildings (48 units) and other properties. As a result, revenue from the development and sales business was ¥671.759 million (same period last year: ¥432.714 million, up 55.2% year on year), and segment profit was ¥134.569 million (same period last year: ¥219.197 million, down 38.6% year on year).」

    The company sold 2 rental apartment buildings with 48 units and other properties. Revenue rose 55.2%, while segment profit fell 38.6%.
  23. FY2019WorsenedAnnual report

    「Revenue from the real estate development and sales business was ¥541.897 million (prior fiscal year: ¥1,278.909 million, down 57.6% year on year), and segment profit was ¥200.113 million (prior fiscal year: ¥270.161 million, down 25.9% year on year).」

    For the full year, the development and sales business reported a 57.6% decline in revenue and a 25.9% decline in segment profit, resulting in lower revenue and profit year on year.
  24. FY2019-Q3WorsenedAnnual report

    「In this segment, we sold one fee-based nursing home and other properties. As a result, revenue from the real estate development and sales business was ¥541.897 million (same period last year: ¥1,278.909 million, down 57.6% year on year), and segment profit was ¥206.759 million (same period last year: ¥231.685 million, down 10.8% year on year).」

    The company sold one fee-based nursing home and other properties, but revenue fell 57.6% and segment profit fell 10.8%, marking a shift from lower revenue and higher profit through the previous quarter to lower profit.
  25. FY2019-Q2Revenue down, profit up continuesAnnual report

    「In this segment, we sold one fee-based nursing home and other properties. As a result, revenue from the real estate development and sales business was ¥541.897 million (same period last year: ¥1,047.303 million, down 48.3% year on year), and segment profit was ¥221.722 million (same period last year: ¥190.950 million, up 16.1% year on year).」

    The company sold one fee-based nursing home and other properties. Revenue fell 48.3%, while segment profit rose 16.1%. The combination of lower revenue and higher profit continued from the previous quarter.
  26. FY2019-Q1Lower Revenue and Higher ProfitAnnual report

    「In this segment, we sold one fee-based nursing home. As a result, revenue from the real estate development and sales business was ¥432.714 million (same period last year: ¥905.449 million, down 52.2% year on year), and segment profit was ¥219.197 million (same period last year: ¥213.860 million, up 2.5% year on year).」

    The company sold one fee-based nursing home. Revenue fell 52.2% year on year, while segment profit rose 2.5%.
  27. FY2018AdvancedAnnual report

    「Three rental properties with 140 units and other properties were sold. As a result, revenue from the property development and sales business was ¥1,278.909 million (previous fiscal year: ¥957.079 million, up 33.6% year on year), and segment profit was ¥270.161 million (previous fiscal year: ¥140.965 million, up 91.7% year on year).」

    After selling three rental properties with 140 units and other properties, the development and sales business posted a 33.6% increase in revenue and a 91.7% increase in segment profit.
  28. FY2018-Q3AdvancedAnnual report

    「In this segment, three rental apartment buildings with 140 units and other properties were sold. As a result, revenue from the property development and sales business was ¥1,278.909 million (same period of the previous year: ¥835.938 million, up 53.0% year on year), and segment profit was ¥231.685 million (same period of the previous year: ¥131.963 million, up 75.6% year on year).」

    After selling three rental apartment buildings with 140 units and other properties, the development and sales business posted a 53.0% increase in revenue and a 75.6% increase in segment profit, showing further progress in higher revenue and profit from the previous quarter.
  29. FY2018-Q2AdvancedAnnual report

    「In this segment, one rental apartment building with 127 units and other properties were sold. As a result, revenue from the property development and sales business was ¥1,047.303 million (same period of the previous year: ¥809.454 million, up 29.4% year on year), and segment profit was ¥190.950 million (same period of the previous year: ¥144.750 million, up 31.9% year on year).」

    After selling one rental apartment building with 127 units and other properties, the development and sales business posted a 29.4% increase in revenue and a 31.9% increase in segment profit year on year.
  30. FY2018-Q1AdvancedAnnual report

    「In this segment, one rental apartment building with 127 units was sold. As a result, revenue from the property development and sales business was ¥905.449 million (same period of the previous year: no revenue recognized), and segment profit was ¥213.860 million (same period of the previous year: segment loss of ¥14.005 million).」

    After selling one rental apartment building with 127 units, the development and sales business shifted from no revenue recognized and a segment loss in the same period of the previous year to revenue of ¥905.449 million and segment profit of ¥213.860 million.
  31. FY2017-Q3AdvancedAnnual report

    「In this segment, one income-producing building and other properties were delivered. As a result, revenue from the property development and sales business was ¥835.938 million (same period of the previous year: ¥630.966 million, up 32.5% year on year), and segment profit was ¥131.963 million (same period of the previous year: ¥88.626 million, up 48.9% year on year).」

    Following the delivery of one income-producing building and other properties, the property development and sales business posted a 32.5% increase in revenue and a 48.9% increase in segment profit, showing further progress in higher revenue and profit from the previous quarter.
  32. FY2017-Q2AdvancedAnnual report

    「In this segment, one income-producing building was delivered. As a result, revenue from the property development and sales business was ¥809.454 million (same period of the previous year: ¥380.113 million, up 113.0% year on year), and segment profit was ¥144.750 million (same period of the previous year: ¥45.639 million, up 217.2% year on year).」

    Following the delivery of one income-producing building, the property development and sales business posted a 113.0% year-on-year increase in revenue and a 217.2% increase in segment profit.
  33. FY2017-Q1WorsenedAnnual report

    「There were no sales or deliveries as planned during the first quarter of the current fiscal year cumulative consolidated period, so no revenue was recognized (same period of the previous year: ¥380.113 million), and the segment reported a loss of ¥14.005 million (same period of the previous year: segment profit of ¥56.171 million).」

    The development and sales business had no sales or deliveries during the quarter, resulting in zero revenue and a shift from segment profit in the same period of the previous year to a loss of ¥14.005 million.
  34. FY2016SoftenedAnnual report

    「Nine rental apartment buildings with 75 units were sold. As a result, revenue from the property development and sales business was ¥1,157.727 million (previous fiscal year: ¥1,126.990 million, up 2.7% year on year), and segment profit was ¥157.717 million (previous fiscal year: ¥159.200 million, down 0.9% year on year).」

    Apartment sales increased revenue, while the decline in segment profit narrowed to 0.9%, indicating that the year-on-year downward trend was weakening.
  35. FY2016-Q3RestatedAnnual report

    「Four rental apartment buildings with 39 units were delivered. As a result, revenue from the property development and sales business was ¥630.966 million (same period of the previous year: ¥1,126.990 million, down 44.0% year on year), and segment profit was ¥88.626 million (same period of the previous year: ¥174.024 million, down 49.1% year on year).」

    While apartments were delivered, revenue and segment profit from the development and sales business continued to decline year on year.
  36. FY2016-Q2First statedAnnual report

    「We delivered 2 rental apartment buildings with 25 units. As a result, revenue from the real estate development and sales business was ¥380,113 thousand (prior-year period: ¥653,979 thousand, down 41.9% year on year), and segment profit was ¥45,639 thousand (prior-year period: ¥98,317 thousand, down 53.6%).」

    The company disclosed both the delivery results for the cumulative period and year-on-year declines in revenue and profit in the development and sales business.
Moved together

"Reliance on interest-bearing debt and changes in the financing environment" moved the same way as this thread, in the same document, in 13 of its 36 moves.

1399877★123456
  1. ★This thread
  2. 1Reliance on interest-bearing debt and changes in the financing environment13×
  3. 2Year-on-Year Declines in Net Sales and Profit9×
  4. 3Acquisition of Development Sites Using Long-Term Borrowings9×
  5. 4Completion of Rental Apartment Buildings8×
  6. 5Acquisition of Prime Sites for Rental Residence Development7×
  7. 6Uncertainty Over the Outlook Due to Resource Prices, Exchange-Rate Volatility and Slowing Emerging-Market Economies7×

★ is this thread; numbers match the list above. The number on a line is how many documents both moved the same way in; lines between the other threads count the documents they moved together in too. Threads that move together often sit closer.

When this could move next
No upcoming earnings preview for Early Age yet. It last moved in the Earnings of 2026-09-10: "Worsened".
News
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Declines in Revenue and Profit in the Real Estate Development and Sales Business | EARLY AGE CO.,Ltd. (3248) | Komori