Accelerated expansion of the virtual storefront business leveraging its first-mover advantage
First written in FY2016. 33 of 42 entries say "Advanced", first in FY2017-Q1. Latest entry: 2026-10-20.
No other company in this theme has enough history to compare yet.
- FY2026-H1Slower rollout due to a decline in ordersAnnual report
「During the interim consolidated accounting period, the "contract-ordering scheme" received 17 orders (23 in the same period of the previous year), with an order value of ¥1,815.753 million (¥2,714.965 million in the same period of the previous year).」
The company continues to develop the two-pronged businesses of Phil Park (aerial retail space) and Premium Garage House, but first-half contract orders declined from the same period of the previous year in both project count and value. - FY2025AdvancedAnnual report
「Steady progress in the business-process and organizational reforms set out in the ongoing medium-term management plan improved the repeatability and productivity of sales activities. In the fourth quarter, both order value, at ¥2.29 billion, and project count, at 24, reached quarterly record highs.」
Against a backdrop of progress in business-process and organizational reforms, fourth-quarter order value of ¥2.29 billion and 24 projects reached quarterly record highs. Following the Kansai Branch, the company also plans to open a Chubu Branch in March 2026, giving concrete form to the expansion of its sales area. - FY2025-H1AdvancedAnnual report
「During the current interim consolidated accounting period, the contract-order scheme recorded 23 projects, compared with 21 projects in the same period of the previous year, and orders worth ¥2,714.965 million, compared with ¥1,963.432 million. Both the number and value of orders were record highs for a first half.」
Contract orders from the two-pronged businesses of Phil Park (aerial retail space) and Premium Garage House reached record first-half highs in both project count and order value. - FY2024AdvancedAnnual report
「October 2024: Opened the Kansai Branch in Kyoto, Kyoto Prefecture」
The company opened the Kansai Branch, giving concrete form to the regional expansion of its spatial solutions business. - FY2024-Q2AdvancedAnnual report
「As a result, orders under the contract-order scheme for the six months ended the current second quarter totaled 21 projects, compared with 7 projects in the same period of the previous year, and ¥1,963.432 million, compared with ¥1,043.872 million. Phil Park (aerial retail space) accounted for 7 projects worth ¥1,085.149 million, and Premium Garage House for 14 projects worth ¥878.282 million.」
Contract orders from the two-pronged businesses of Phil Park (aerial retail space) and Premium Garage House exceeded the previous year's level, reaching 21 projects worth ¥1,963.432 million on a cumulative basis. - FY2024-Q1AdvancedAnnual report
「During the first quarter consolidated accounting period, the "contract-ordering scheme" received 10 contract orders with an order value of ¥1,090.639 million (¥677.786 million in the same period of the previous year), the highest first-quarter order count on record, while the order value exceeded ¥1 billion for the third consecutive quarter.」
The contract-order scheme recorded a record number of first-quarter projects, while order value remained above ¥1 billion for the third consecutive quarter. - FY2023AdvancedAnnual report
「Both Phil Park (aerial retail space) and Premium Garage House increased their order values and project counts in the second half compared with the first half, and orders are steadily recovering.」
The two-pronged businesses of Phil Park (aerial retail space) for commercial use and Premium Garage House for residential use increased second-half orders, bringing contract orders back to ¥4,023.232 million. - FY2023-Q3AdvancedAnnual report
「As a result, orders under the contract-order scheme for the nine months ended the current third quarter totaled 16 projects, compared with 20 projects in the same period of the previous year, and ¥2,161.520 million, compared with ¥1,936.881 million. Phil Park (aerial retail space) accounted for 7 projects, compared with 8 projects, and ¥1,621.689 million, compared with ¥1,109.767 million. Premium Garage House accounted for 9 projects, compared with 12 projects, and ¥539.830 million, compared with ¥827.114 million.」
The two businesses' cumulative contract orders totaled ¥2,161.520 million, exceeding ¥1,936.881 million in the same period of the previous year. Orders for Phil Park (aerial retail space) increased, while orders for Premium Garage House fell below the previous year's level. - FY2023-Q2AdvancedAnnual report
「In addition, 1 property was sold and delivered during the current second quarter, representing the first sales result for Premium Garage House under the development-and-sale scheme.」
Under the two business schemes, the development-and-sale scheme completed its first sale and delivery of a Premium Garage House property. - FY2022-Q3AdvancedAnnual report
「As a result, cumulative orders under the contract-order scheme for the nine months ended the current third quarter totaled 20 projects worth ¥1,936.881 million. Phil Park (aerial retail space) accounted for 8 projects worth ¥1,109.767 million, and Premium Garage House for 12 projects worth ¥827.114 million. Both Phil Park and Premium Garage House continued to accumulate orders steadily.」
The two-pronged businesses of Phil Park (aerial retail space) and Premium Garage House generated cumulative orders of 20 projects worth ¥1,936.881 million, with both businesses continuing to accumulate orders. - FY2022-Q2AdvancedAnnual report
「During the current second quarter, the contract-order scheme recorded 10 projects worth ¥821.087 million. Of these, Phil Park (aerial retail space) accounted for 2 projects worth ¥346.374 million, and Premium Garage House for 8 projects worth ¥474.713 million. As a result, cumulative orders under the contract-order scheme for the six months ended the current second quarter totaled 15 projects worth ¥1,334.756 million. Phil Park accounted for 5 projects worth ¥666.533 million, and Premium Garage House for 10 projects worth ¥668.223 million.」
The two-pronged businesses of Phil Park (aerial retail space) and Premium Garage House generated 15 contract orders worth ¥1,334.756 million in the six-month period. Phil Park orders totaled 3 projects in the first quarter and 2 in the second quarter, and the company explained that order activity was gradually recovering. - FY2022-Q1AdvancedAnnual report
「Orders for Phil Park (aerial retail space) totaled ¥320.159 million in the first quarter of the current fiscal year, exceeding the orders recorded in the third and fourth quarters of the fiscal year ended November 2021. In addition, given that Phil Park recorded only 5 contract orders for the entire previous fiscal year, orders can be said to be recovering.」
Phil Park (aerial retail space) recorded orders of ¥320.159 million, indicating a recovery in orders compared with the 5 projects ordered during the entire previous fiscal year. - FY2021AdvancedAnnual report
「During the current fiscal year, the contract-order scheme recorded 31 projects and orders worth ¥3,054.069 million.」
The two businesses' foundation, contract orders, generated 31 projects worth ¥3,054.069 million, equivalent to 239.5% of the previous year's level. - FY2021-Q3AdvancedAnnual report
「During the nine months ended the current third quarter, the contract-order scheme recorded 19 projects and orders worth ¥2,459.032 million. Of these, 5 projects worth ¥1,676.333 million were for Phil Park (aerial retail space), while 14 projects worth ¥782.699 million were for Premium Garage House.」
The two-pronged businesses of Phil Park (aerial retail space) for commercial use and Premium Garage House for residential use generated 19 contract orders worth ¥2,459.032 million. - FY2021-Q2AdvancedAnnual report
「During the six months ended the current second quarter, the contract-order scheme recorded 12 projects and orders worth ¥2,068.834 million, setting a new record for orders in the six-month period.」
Under the contract-order scheme, one of the two-pronged strategies, cumulative orders reached 12 projects and ¥2,068.834 million, setting a new record for the six-month period. - FY2021-Q1AdvancedAnnual report
「During the cumulative consolidated first-quarter period, the company received 7 contract orders totaling ¥1,463.673 million, setting a new record for first-quarter order value.」
Under the contract-order scheme, 7 projects worth ¥1,463.673 million were booked, setting a new record for first-quarter orders. - FY2020AdvancedAnnual report
「The company's basic strategy is to grow by developing the Phil Park above-parking retail business, comprising commercial projects, and Premium Garage House, comprising residential projects, as complementary businesses that together address a broad range of customer needs, while working to enhance the Group's corporate value.」
The company describes its basic strategy of developing Phil Park above-parking retail projects and Premium Garage House residential projects as the two pillars of its business, and reports 6 Premium Garage House orders worth ¥282.468 million in the fourth quarter. - FY2020-Q3Resumption of contract-order sales activities alongside suspension of development salesAnnual report
「Under the contract-order model, sales activities for contract orders were gradually resumed from July 2020. The number of contract orders during the third-quarter consolidated accounting period was 1. Under the development-and-sale model, investors' subdued investment appetite continued, as it had in the second quarter, and the company determined that it was not an appropriate time to sell. Accordingly, it made no sales during the third-quarter consolidated accounting period.」
Under the contract-order model, sales activities gradually resumed from July 2020, and the company received 1 order in the third quarter. Under the development-and-sale model, sales were deferred, as in the second quarter, due to investors' reduced investment appetite. - FY2020-Q2Sales deferred due to lower investment appetite among real estate investorsAnnual report
「Because real estate investors had become less willing to invest, the company determined that it was not an appropriate time to sell and decided to defer sales during the second-quarter consolidated accounting period.」
While the policy of developing the above-parking retail business under both models remains unchanged, the company deferred sales under the development-and-sale model during the quarter because of investors' reduced investment appetite. - FY2020-Q1RestatedAnnual report
「Against the backdrop of increased recognition and credibility following the transfer to the Tokyo Stock Exchange First Section and capital and business alliances with various companies, the Group continues to develop its Phil Park above-parking retail business. The business created one-of-a-kind value by utilizing primarily as commercial facilities the previously unused space above parking lots, including coin-operated parking facilities, and operates under both the contract-order model, a service for existing landowners, and the development-and-sale model, a service for real estate investors.」
The company reaffirms its policy of continuing to develop the above-parking retail business under both the contract-order and development-and-sale models, against the backdrop of the transfer to the First Section and its capital and business alliances. - FY2019AdvancedAnnual report
「Coin-operated parking facilities are concentrated in limited central areas of major cities nationwide. The company's basic strategy is to leverage the first-mover advantage of the Phil Park above-parking retail business, increase the number of Phil Park buildings as much as possible, and establish them as part of the townscape, thereby creating a further virtuous cycle.」
The company explicitly states its basic strategy of leveraging its first-mover advantage to increase the number of Phil Park buildings as much as possible and establish them as part of the townscape. - FY2019-Q3AdvancedAnnual report
「The Group's Phil Park above-parking retail business created one-of-a-kind value by utilizing primarily as commercial facilities the previously unused space above parking lots, including coin-operated parking facilities. Against the backdrop of increased recognition and credibility following its listing on the Tokyo Stock Exchange Mothers market and capital and business alliances with various companies, the business continues to grow steadily under both the contract-order model, a service for existing landowners, and the development-and-sale model, a service for real estate investors.」
The company continues to grow through both the contract-order model for existing landowners and the development-and-sale model for real estate investors, while accumulating completion and sales handover results during the cumulative period under review. - FY2019-Q2AdvancedAnnual report
「The Group's Phil Park above-parking retail business created one-of-a-kind value by utilizing primarily as commercial facilities the previously unused space above parking lots, including coin-operated parking facilities. Against the backdrop of increased recognition and credibility following its listing on the Tokyo Stock Exchange Mothers market and capital and business alliances with various companies, the business continues to grow steadily on both wheels: the contract-order model, a service for existing landowners, and the development-and-sale model, a service for real estate investors.」
The company explains that growth continues under both the contract-order and development-and-sale models, while also accumulating handover results during the cumulative period under review. - FY2019-Q1AdvancedAnnual report
「During the cumulative first quarter, 3 properties were completed and handed over under the “contract-ordering scheme,” while under the “development-and-sale scheme,” 1 land sale was completed and handed over.」
During the first quarter, the company accumulated handover results under both models, completing 3 contract orders and 1 land sale. - FY2018AdvancedAnnual report
「As of November 2018, the company had accumulated a track record of 171 locations, primarily in major cities nationwide. The figure is still only approximately 0.3% of the 60,000 coin-operated parking locations across Japan, indicating that there remains ample room to expand the Phil Park above-parking retail development.」
The track record increased from 123 locations in the previous period to 171, expanding the rollout through both models in major cities nationwide. - FY2018-Q3AdvancedAnnual report
「During the cumulative consolidated third-quarter period, 12 properties were completed and handed over under the contract-order model. Under the development-and-sale model, 1 land sale and 2 land-and-building sales were completed.」
The company advanced handovers under both the contract-order model for existing landowners and the development-and-sale model for investors, accumulating concrete completion and sales results during the cumulative third-quarter period. - FY2018-Q2AdvancedAnnual report
「Both the contract-order model, a service for existing landowners, and the development-and-sale model, a service for individual and institutional investors, continued to produce steady results. All project properties scheduled for completion and handover during the cumulative consolidated second-quarter period were completed and handed over.」
The company continued to achieve results under both the contract-order model for landowners and the development-and-sale model for investors, and completed and handed over all scheduled properties. - FY2018-Q1AdvancedAnnual report
「Both the contract-order model, a service for existing landowners, and the development-and-sale model, a service for individual and institutional investors, continued to produce steady results. All project properties scheduled for completion and handover during the cumulative consolidated first-quarter period were completed and handed over.」
The company continued to achieve results under both the contract-order model for existing landowners and the development-and-sale model for investors, and completed and handed over all properties scheduled for the quarter. - FY2017AdvancedAnnual report
「The Group's management recognizes that, to achieve further growth, it is important to leverage its first-mover advantage and accelerate the rollout of the Phil Park above-parking retail business.」
The number of completed projects, primarily in major cities nationwide, increased from 96 to 123, and the business is expanding under both the contract-order and development-and-sale models. - FY2017-Q3AdvancedAnnual report
「From September 2017, the company strengthened its land acquisition team by increasing the number of personnel from 1 to 2 to accelerate the business.」
The company increased the number of personnel responsible for land acquisitions from 1 to 2 as a specific measure to accelerate the new business model. - FY2017-Q1AdvancedAnnual report
「All project properties scheduled for completion and handover during the cumulative consolidated first-quarter period were completed and handed over, and progress was in line with the performance forecast announced on 13 January 2017.」
The company reports concrete progress in its core business, with all scheduled properties handed over. - FY2016First statedAnnual report
「The Group's management recognizes that, to achieve further growth, it is important to leverage its first-mover advantage and accelerate the rollout of the Phil Park above-parking retail business.」
The company indicates a policy of increasing the rollout speed of its core business by leveraging its first-mover advantage to achieve further growth.