New business model spanning land acquisition through the development and sale of upper-floor retail properties
First written in FY2017-Q1. 37 of 46 entries say "Advanced", first in FY2017-Q3. Latest entry: 2026-10-13.
The whole theme swung hardest in 2021: 1 of 8 companies on the "Worse" side.
8 other companies' latest entry also says "Advanced".
- 2026-10-07Advancedprtimes.jp
「本プロジェクトは、高い知名度とブランド力を誇る世田谷区成城エリアにおいて、土地の仕入れから企画・設計、施工にいたるまで一貫して手がけた開発物件です。」
成城学園前の開発物件について、土地の仕入れから建物完成までの一連の開発が実施されたと報じられた。 - FY2026-H1AdvancedAnnual report
「During the six-month period of the consolidated fiscal year, the Company signed 3 new land acquisition contracts (5 in the same period of the previous fiscal year) and completed 1 sales delivery (2 in the same period of the previous fiscal year). As a result, as of the end of the six-month period, 15 development projects remained, and the development project balance, representing the expected future cost of sales, totaled ¥7,790,112 thousand, compared with ¥3,067,958 thousand as of the end of the same period of the previous fiscal year.」
Under the development-and-sale scheme, 3 land acquisition contracts were signed and 1 sales delivery was completed during the first half. The number of remaining development projects was 15, and the balance increased from ¥3,067,958 thousand at the end of the same period of the previous fiscal year to ¥7,790,112 thousand. - FY2025AdvancedAnnual report
「Under the development-and-sale scheme, 4 sales deliveries were completed during the consolidated fiscal year, compared with 5 in the same period of the previous fiscal year, and 11 development land acquisition contracts were signed, compared with 6. As a result, as of the end of the consolidated fiscal year, 13 development projects remained, compared with 5 in the same period of the previous fiscal year, and the development project balance, representing the expected future cost of sales, totaled ¥6,496,811 thousand, compared with ¥2,075,918 thousand.」
Development land acquisition contracts increased from 6 to 11, the number of remaining development projects increased from 5 to 13, and the balance increased from ¥2,075,918 thousand to ¥6,496,811 thousand, expanding the pipeline under the development-and-sale scheme. - FY2025-H1AdvancedAnnual report
「During the six-month period of the consolidated fiscal year, the Company signed 5 new land acquisition contracts and completed 2 sales deliveries.」
Under the development-and-sale scheme, 5 land acquisition contracts were signed and 2 sales deliveries were completed during the first half, leaving 9 development projects at period-end. - FY2024Reduction in the development project balance and continued land acquisitionsAnnual report
「Under the development-and-sale scheme, 5 sales deliveries were completed and 6 development land acquisition contracts were signed during the consolidated fiscal year. As a result, as of the end of the consolidated fiscal year, 5 development projects remained, and the development project balance, representing the expected future cost of sales, totaled ¥2,075,918 thousand, compared with ¥2,903,515 thousand in the same period of the previous fiscal year.」
Development land acquisitions totaled 6 and sales deliveries totaled 5, while the development project balance decreased from ¥2,903,515 thousand in the previous year to ¥2,075,918 thousand. - FY2024-Q2AdvancedAnnual report
「During the three-month period of the second quarter of the consolidated fiscal year, the Company signed 2 new land acquisition contracts. As a result, as of the end of the second quarter, 9 development projects remained, and the development project balance, representing the expected future cost of sales, was ¥4,475,951 thousand, compared with ¥3,139,478 thousand in the same period of the previous fiscal year.」
Under the development-and-sale scheme, 2 land acquisition contracts were signed during the second quarter, bringing the number of remaining development projects to 9 and the balance to ¥4,475,951 thousand. - FY2024-Q1AdvancedAnnual report
「During the three-month period of the first quarter of the consolidated fiscal year, the Company signed 3 new land acquisition contracts. As of the end of the first quarter, 7 development projects remained, and the development project balance, representing the expected future cost of sales, was ¥3,916,753 thousand, compared with ¥1,953,496 thousand in the same period of the previous fiscal year.」
Under the development-and-sale scheme, 3 new land acquisition contracts were signed, and the development project balance increased from ¥1,953,496 thousand in the same period of the previous fiscal year to ¥3,916,753 thousand. - FY2023AdvancedAnnual report
「Under the development-and-sale scheme, 7 sales deliveries were completed and 5 development land acquisition contracts were signed during the consolidated fiscal year. As a result, as of the end of the consolidated fiscal year, 4 development projects remained, and the development project balance, representing the expected future cost of sales, totaled ¥2,903,515 thousand, an increase of 169.7% year on year.」
Under the development-and-sale scheme, 7 sales deliveries were completed and 5 land acquisitions were made, increasing the development project balance to ¥2,903,515 thousand. - FY2023-Q3AdvancedAnnual report
「During the three-month period of the third quarter of the consolidated fiscal year, the Company signed 2 new land acquisition contracts and completed 1 sales delivery. As announced in a press release dated 31 July 2023, one of the acquired sites is located in a busy district of Fukuoka, Fukuoka Prefecture, an area expected to develop in the future through the “Tenjin Big Bang” redevelopment project.」
During the third quarter, the Company signed 2 development land acquisition contracts and completed 1 sales delivery. It explained that one of the acquired sites is located in a busy district of Fukuoka and is expected to benefit from development through the Tenjin Big Bang redevelopment project. - FY2023-Q2AdvancedAnnual report
「As announced in the press release dated 28 April 2023, “Notice Concerning the Acquisition of Development Land for a Property for Sale (Fil-Park Above-Ground Retail Property),” the land acquired under the latest contract is located in Kamakura, Kanagawa Prefecture. The acquisition price is at least equivalent to 30% of the Company's net assets in the immediately preceding consolidated fiscal year (the fiscal year ending November 2022), making it the highest acquisition price to date for land under the development-and-sale scheme and expected to become the largest project to date.」
The Company signed a land acquisition contract at the highest price to date under the development-and-sale scheme for development land in Kamakura, Kanagawa Prefecture, and indicated that the project was expected to be the largest to date. The development project balance was ¥3,139,478 thousand, with 8 projects remaining. - FY2022-Q3AdvancedAnnual report
「During the three-month period of the third quarter of the consolidated fiscal year, the Company signed 2 new land acquisition contracts. As a result, the cumulative number of land acquisition contracts during the nine-month period of the third quarter was 7, and the expected total development project value, representing the expected future cost of sales, was ¥2,183,284 thousand as of the end of the third quarter.」
Under the development-and-sale scheme, 2 land acquisition contracts were signed during the third quarter, bringing the cumulative total to 7, and the expected total development project value reached ¥2,183,284 thousand. - FY2022-Q2AdvancedAnnual report
「As stated in the medium-term management plan formulated in January 2022, the Company intends to actively acquire high-quality development sites during the fiscal year under the development-and-sale scheme, and signed 2 land acquisition contracts during the second quarter of the consolidated fiscal year.」
The Company advanced its active acquisition of high-quality sites based on the medium-term management plan and signed 2 land acquisition contracts during the second quarter. At the end of the second quarter, the expected total development project value was ¥1,883,301 thousand across 9 projects. - FY2022-Q1AdvancedAnnual report
「During the three-month period of the first quarter of the consolidated fiscal year, the Company signed a total of 5 land acquisition contracts under the development-and-sale scheme. As a result, the expected total development project value, representing the expected future cost of sales under the development-and-sale scheme, was ¥2,073,595 thousand as of the end of the first quarter, approximately 5 times the amount as of the end of the previous fiscal year.」
In FY2022-Q1, 5 land acquisition contracts were signed, and the expected total development project value expanded approximately 5 times, from ¥403,381 thousand at the end of the previous fiscal year to ¥2,073,595 thousand. - FY2021Reduction in development projects as sales take priorityAnnual report
「During the consolidated fiscal year, 1 land acquisition contract was signed, and as of the end of the consolidated fiscal year, the expected total number of development projects was 3.」
In FY2021, 1 land acquisition contract was signed, and the expected total development project value was ¥403,381 thousand across 3 projects, down from ¥2,155,974 thousand across 5 projects at the end of the previous fiscal year. Meanwhile, sales deliveries were completed for 3 large-scale projects. - FY2021-Q3AdvancedAnnual report
「The Company had pursued land acquisitions under the development-and-sale scheme cautiously through the six-month period of the second quarter of the consolidated fiscal year, but resumed land acquisitions in August 2021 for the first time in 1 year and 4 months.」
The Company resumed land acquisitions in August 2021, after taking a cautious approach through the second quarter, for the first time in 1 year and 4 months. Against a backdrop of cash and deposits of ¥3,756 million, it indicated a policy of continuing to pursue land acquisitions actively. - FY2021-Q2RaisedAnnual report
「The Company had pursued land acquisitions cautiously through the second quarter, but, having determined that the business environment surrounding the Company was improving, it will pursue land acquisitions actively from the third quarter.」
The Company shifted its policy on land acquisitions under the development-and-sale scheme from a cautious approach through the second quarter to a more active approach from the third quarter, based on its assessment that the business environment had improved. - FY2020The continued reduction in development projects as sales take priorityAnnual report
「As of the end of the fiscal year ending November 2020: 5 projects, ¥2,155,974 thousand. The number of land acquisition contracts during the fiscal year ending November 2020 totaled 2.」
At fiscal year-end, the expected total development project value was ¥2,155,974 thousand across 5 projects. Land acquisition contracts totaled only 2 for the year, and the sales-led composition continued. - FY2020-Q3AdvancedAnnual report
「The development status during the nine-month period of the third quarter under the development-and-sale scheme, an initiative involving the purchase of land and the development and sale of Fil-Park above-ground retail properties, is shown below through the expected total development project value and the number of land acquisition contracts. As of the end of the third quarter of the fiscal year ending November 2020: 6 projects, ¥2,461,045 thousand.」
The expected total development project value was ¥2,461,045 thousand across 6 projects at the end of the third quarter, up from ¥1,690,762 thousand across 5 projects at the end of the previous fiscal year. The cumulative number of land acquisition contracts during the fiscal year was 2, with no new acquisitions in the third quarter. - FY2020-Q2AdvancedAnnual report
「The development status during the six-month period of the second quarter under the development-and-sale scheme, an initiative involving the purchase of land and the development and sale of Fil-Park above-ground retail properties, is shown below through the expected total development project value and the number of land acquisition contracts.」
The expected total development project value increased from ¥1,690,762 thousand across 5 projects at the end of the previous fiscal year to ¥2,412,290 thousand across 6 projects, while the cumulative number of land acquisition contracts reached 2. - FY2020-Q1AdvancedAnnual report
「During the three-month period of the first quarter of the consolidated fiscal year, 1 land acquisition contract was signed, and as of the end of the first quarter, the expected total number of development projects was 6.」
Under the development-and-sale scheme, 1 land acquisition contract was signed in the first quarter, and the expected total number of development projects increased from 5 at the end of the previous fiscal year to 6. - FY2019The number of development projects contracted as sales took priorityAnnual report
「During the consolidated fiscal year, 8 land acquisition contracts were signed, and as of the end of the consolidated fiscal year, the expected total number of development projects was 5.」
Sales deliveries during the year totaled 11, compared with 8 land acquisition contracts, and the expected total number of development projects decreased from 8 at the end of the previous fiscal year to 5. The fact that sales of existing development properties exceeded new acquisitions was also reflected in the annual results. - FY2019-Q3A more cautious approach to new acquisitions, with priority given to sales of existing development propertiesAnnual report
「During the nine-month period of the third quarter of the consolidated fiscal year, the Company proceeded with sales of existing development properties while taking a cautious approach to new acquisitions amid rising land prices in central urban areas. As a result, the number of sales deliveries exceeded the number of land acquisition contracts.」
The Company adopted a cautious approach to new acquisitions in response to rising land prices in central urban areas, while prioritizing sales of existing development properties. Cumulative sales deliveries totaled 5, compared with 4 land acquisition contracts, and the expected total number of development projects decreased from 8 at the end of the previous fiscal year to 7. - FY2019-Q2AdvancedAnnual report
「During the six-month period of the second quarter of the consolidated fiscal year, 4 land acquisition contracts were signed and 4 sales deliveries were completed. As of the end of the second quarter, the expected total number of development projects was 8 (8 as of November 2018).」
Under the development-and-sale scheme, 4 land acquisition contracts were signed and 4 sales deliveries were completed during the six-month period of the second quarter, while the expected total number of development projects stood at 8 at quarter-end. - FY2019-Q1AdvancedAnnual report
「During the nine-month period of the first quarter of the consolidated fiscal year, 1 land acquisition contract was signed, and as of the end of the first quarter, the expected total number of development projects was 8.」
Under the development-and-sale scheme, 1 land acquisition contract was signed in the first quarter, and the expected total number of development projects stood at 8 at quarter-end. - FY2018AdvancedAnnual report
「During the consolidated fiscal year, 10 land acquisition contracts were signed, and as of the end of the consolidated fiscal year, the expected total number of development projects was 8.」
Under the development-and-sale scheme, 10 land acquisition contracts were signed, while the expected total number of development projects stood at 8 at fiscal year-end, expanding the business from land purchases through development and sales. - FY2018-Q3AdvancedAnnual report
「The number of land parcels newly acquired during the first 9 months of the current consolidated fiscal year was 8, and development inventory stood at 8 sites as of the end of the third quarter.」
Under the Development and Sales Scheme, the Company newly acquired 8 land parcels, and development inventory also stood at 8 sites at the end of the third quarter. Estimated total development project value was ¥2,084.257 million, and development inventory was ¥1,219.529 million. - FY2018-Q2AdvancedAnnual report
「The number of land parcels newly acquired during the first 6 months of the current consolidated fiscal year was 4, and development inventory stood at 3 sites as of the end of the second quarter.」
Under the Development and Sales Scheme, the Company newly acquired 4 land parcels, and development inventory stood at 3 sites at the end of the second quarter. Development volume was ¥436.297 million, and development inventory was ¥643.501 million. - FY2018-Q1AdvancedAnnual report
「The Development and Sales Scheme, launched in the previous consolidated fiscal year and involving the purchase of land and the development and sale of aerial-store Phil Park properties, also progressed well. The development volume and development inventory are as shown in the table below.」
Under the Development and Sales Scheme, development volume for the quarter was ¥129.642 million and development inventory at quarter-end was ¥527.692 million. The Company newly acquired 1 land parcel, bringing development inventory to 3 sites. - FY2017AdvancedAnnual report
「During the consolidated fiscal year, the Company completed the acquisition and settlement of all 7 land purchase agreements for development sites. Of the 7 acquired sites, 2 had already been sold under the land sale and contracted planning and development scheme within the Development and Sales Scheme, and 1 had already been sold together with its building under the scheme in which the Company develops aerial-store Phil Park properties and sells the land and buildings. As a result, development inventory stood at 4 sites as of the end of the consolidated fiscal year.」
The Company settled all 7 land purchase agreements, completing the sale of 2 land parcels and 1 land-and-building property. Development volume was ¥1,185.358 million, and development inventory was ¥752.987 million. - FY2017-Q3AdvancedAnnual report
「In addition, the Development and Sales Scheme, launched in the previous consolidated fiscal year and involving the purchase of land and the development and sale of aerial-store Phil Park properties, progressed well. Specifically, of the 5 land purchase agreements for development sites that had been executed by the end of the second quarter of the current consolidated cumulative period, the Company completed the acquisition and settlement of the 2 sites that remained unsettled during the third quarter of the current consolidated fiscal year. Of the 5 acquired sites, 2 had already been sold under the land sale and contracted planning and development scheme among the sales schemes announced on 14 April 2017. As a result, the development inventory stood at 3 sites as of the end of the third quarter of the fiscal year ending November 2017.」
The Company completed the acquisition and settlement of the 2 unsettled sites among 5 land purchase agreements, sold 2 of the 5 acquired sites, and reduced development inventory to 3 sites. The new business scheme covering land acquisition through development and sale is making tangible progress. - FY2017-Q1First statedAnnual report
「In addition, under the new business scheme announced on 23 January 2017, involving the purchase of land and the development and sale of aerial-store Phil Park properties, the Company entered into land purchase agreements for 2 development sites during the first quarter of the current consolidated cumulative period.」
The Company first described a new business scheme involving the purchase of land and the development and sale of aerial-store Phil Park properties, and proceeded to enter into land purchase agreements for 2 development sites.