Higher Personnel Expenses and Other Costs from Hiring in the Property Management Business
First written in FY2017-Q2. 1 of 3 entries say "Dropped", first in FY2017-Q3. Latest entry: FY2026.
The whole theme swung hardest in 2018: 1 of 6 companies on the "Worse" side.
6 other companies' latest entry also says "Other".
- FY2026Recurrence of higher personnel expenses and other costs in the property management businessAnnual report
「Costs of management services and completed construction, including renovation work, increased, as did selling, general and administrative expenses, including personnel expenses.」
The increase in selling, general and administrative expenses, including personnel expenses, was again explicitly identified in the management business. - FY2017-Q3DroppedAnnual report
「In the real estate management business, the number of properties managed by the Group increased, and the number of condominium units under management reached 2,804, an increase of 450 units year on year. Meanwhile, revenue from interior sales and other activities associated with deliveries in the real estate development business declined.」
The third-quarter report does not mention higher personnel expenses and other costs associated with hiring, and this theme is not explicitly identified as a cost burden in the management business. - FY2017-Q2First statedAnnual report
「Meanwhile, personnel expenses and other costs increased as a result of hiring additional staff.」
The company initially identified higher personnel expenses and other costs resulting from hiring staff in the property management business as an expense-related risk and burden.