Sustainable Growth in the Income-Producing Real Estate Business
First written in FY2017. 19 of 30 entries say "Advanced", first in FY2018-Q1. Latest entry: 2026-08-07.
The whole theme swung hardest in 2021: 1 of 11 companies on the "Worse" side.
6 other companies' latest entry also says "Advanced".
- FY2025Lower revenue, higher operating income and improved marginsAnnual report
「As a result, net sales were ¥218,420 million, down 5.9% from the previous consolidated fiscal year, and operating income was ¥23,196 million, up 31.4%.」
Although the income-producing real estate business reported lower revenue due to the status of properties delivered and other factors, the gross profit margin improved against a backdrop of strong demand, and operating income increased 31.4%. - FY2025-H1AdvancedAnnual report
「Demand from business corporations and high-net-worth individuals remained strong, and the gross profit margin improved significantly. As a result, net sales were ¥95,937 million, up 9.2% year on year, and operating income was ¥10,946 million, up 131.5%.」
Demand from business corporations and high-net-worth individuals remained strong, and the gross profit margin improved. Net sales increased 9.2% and operating income increased 131.5%, an improvement from the previous period’s lower revenue and profit caused by limited deliveries. - FY2024-Q2Lower revenue and profit due to limited deliveriesAnnual report
「Although only a limited number of properties were delivered during the first six months of the current consolidated fiscal year, strong demand continued for rental condominiums, office buildings and other properties targeted by business corporations and high-net-worth individuals, the group’s customers and investors. As a result, net sales were ¥76,273 million, down 17.6% year on year, and operating income was ¥4,594 million, down 57.8%.」
Although demand from business corporations and high-net-worth individuals remained strong, the limited number of properties delivered resulted in lower revenue and profit in the income-producing real estate business. - FY2023AdvancedAnnual report
「As financial institutions increasingly screened investors and properties, demand remained high for rental condominiums, office buildings and other properties targeted by business corporations and high-net-worth individuals, the group’s customers and investors, and sales remained strong. As a result, net sales were ¥184,710 million, up 19.9% from the previous consolidated fiscal year, and operating income was ¥20,222 million, up 14.4%.」
Sales to business corporations and high-net-worth individuals remained strong even as financial institutions became more selective, adding to the business results supporting sustainable growth. - FY2023-Q3AdvancedAnnual report
「In the income-producing real estate business, demand remained strong for rental condominiums, office buildings and other properties purchased as investments by business corporations and high-net-worth individuals, which are customers of our Group, amid the continuation of monetary easing policies. Sales therefore remained robust. As a result, revenue was ¥128,167 million, up 20.5% year on year, and operating profit was ¥15,186 million, up 18.1%.」
Against a backdrop of continued monetary easing and demand from business corporations and high-net-worth individuals, the income-producing real estate business recorded a 20.5% increase in net sales and an 18.1% increase in operating income. - FY2023-Q2AdvancedAnnual report
「With monetary easing continuing, demand remained high for rental condominiums, office buildings and other properties targeted by business corporations and high-net-worth individuals, the group’s customers and investors, and sales remained strong. As a result, net sales were ¥92,573 million, up 23.2% year on year, and operating income was ¥10,886 million, up 19.2%.」
Sales of income-producing real estate to business corporations and high-net-worth individuals remained strong while monetary easing continued, with net sales up 23.2% and operating income up 19.2%. - FY2023-Q1AdvancedAnnual report
「In the income-producing real estate business, demand for rental condominiums, office buildings and other properties targeted by operating companies and wealthy individuals, the group’s customers, remained strong due to continued monetary easing, and sales progressed smoothly. As a result, revenue was ¥44,477 million, up 9.0% year on year, and operating profit was ¥5,429 million, up 2.0%.」
Sales of rental condominiums, office buildings and other properties to business corporations and high-net-worth individuals progressed steadily, resulting in higher revenue and profit in the income-producing real estate business. - FY2022-Q3AdvancedAnnual report
「In the income-producing real estate business, as financial institutions increasingly screened investors and properties, demand for rental condominiums, office buildings and other properties targeted by operating companies and wealthy individuals, the group’s customers, remained strong, and sales performed well. As a result, revenue was ¥106,403 million, up 24.7% year on year, and operating profit was ¥12,855 million, up 36.3%.」
Sales remained strong even as financial institutions became more selective, with net sales up 24.7% and operating income up 36.3%. - FY2022-Q2AdvancedAnnual report
「As financial institutions increasingly screened investors and properties, demand remained high for rental condominiums, office buildings and other properties targeted by business corporations and high-net-worth individuals, the group’s customers and investors, and sales increased. As a result, net sales were ¥75,145 million, up 35.2% year on year, and operating income was ¥9,130 million, up 49.1%.」
Even as financial institutions became more selective, sales of income-producing real estate to business corporations and high-net-worth individuals increased, with net sales up 35.2% and operating income up 49.1%. - FY2022-Q1AdvancedAnnual report
「As a result, revenue was ¥40,816 million, up 65.8% year on year, and operating profit was ¥5,324 million, up 106.4%.」
The income-producing real estate business delivered higher revenue and profit year on year, demonstrating quarterly results under the sustainable growth policy. - FY2021AdvancedAnnual report
「As a result, revenue was ¥122,718 million, up 9.4% from the previous consolidated fiscal year, and operating profit was ¥12,285 million, up 17.2%.」
The income-producing real estate business delivered higher revenue and profit for the full year while maintaining a cautious operating policy. - FY2021-Q3AdvancedAnnual report
「In the income-producing real estate business, as financial institutions increasingly screened investors and properties, demand for rental condominiums, office buildings and other properties targeted by operating companies and wealthy individuals, the group’s customers, remained strong, and sales progressed smoothly. As a result, revenue was ¥85,312 million, up 6.5% year on year, and operating profit was ¥9,431 million, up 11.7%.」
Sales in the income-producing real estate business progressed steadily even as financial institutions became more selective, with net sales up 6.5% and operating income up 11.7%. - FY2021-Q2AdvancedAnnual report
「In the income-producing real estate business, as financial institutions increasingly screened investors and properties, demand for rental condominiums, office buildings and other properties targeted by operating companies and wealthy individuals, the group’s customers, remained strong, and sales progressed smoothly. As a result, revenue was ¥55,563 million, up 1.0% year on year, and operating profit was ¥6,125 million, up 10.6%.」
Sales in the income-producing real estate business progressed steadily even as financial institutions became more selective, with net sales up 1.0% and operating income up 10.6%. - FY2021-Q1Revenue and Profit DeclineAnnual report
「As a result, revenue was ¥24,621 million, down 5.6% year on year, and operating profit was ¥2,579 million, down 32.6%.」
Although the company said demand for the income-producing real estate business is increasing, net sales declined 5.6% and operating income declined 32.6%, shifting from higher revenue but lower profit in the previous fiscal year to lower revenue and lower profit. - FY2020Higher revenue, lower profitAnnual report
「As a result, revenue was ¥112,154 million, up 3.5% from the previous consolidated fiscal year, and operating profit was ¥10,485 million, down 8.7%.」
Net sales in the income-producing real estate business increased, but operating income declined. Results under the policy of pursuing growth through cautious operations focused on small-scale properties with short development periods were higher revenue but lower profit. - FY2020-Q3AdvancedAnnual report
「As a result, revenue was ¥80,128 million, up 7.1% year on year, and operating profit was ¥8,444 million, up 2.8%.」
Despite concerns about market deterioration and increased selectivity by financial institutions, net sales in the income-producing real estate business increased 7.1% and operating income increased 2.8%. - FY2020-Q2AdvancedAnnual report
「As financial institutions increasingly screened investors and properties, demand remained high for rental condominiums, office buildings and other properties targeted by business corporations and high-net-worth individuals, the group’s customers and investors. Sales progressed steadily. As a result, net sales were ¥55,031 million, up 18.1% year on year, and operating income was ¥5,536 million, up 12.8%.」
Sales progressed steadily even as financial institutions became more selective about investors and properties, resulting in higher revenue and profit in the income-producing real estate business. However, impairment losses were also recorded due to the impact of COVID-19. - FY2020-Q1AdvancedAnnual report
「In the income-producing real estate business, as financial institutions increasingly screened investors and properties, demand for rental condominiums, office buildings and other properties targeted by operating companies and wealthy individuals, the group’s customers, increased substantially, and sales grew sharply. As a result, revenue was ¥26,093 million, up 100.3% year on year, and operating profit was ¥3,825 million, up 317.7%.」
Even as financial institutions became more selective, rising demand from target customers led to substantial increases in revenue and profit in the income-producing real estate business. - FY2019Full-Year Revenue Growth and Profit DeclinesAnnual report
「As a result, revenue was ¥108,353 million, up 0.9% from the previous consolidated fiscal year, and operating profit was ¥11,487 million, down 6.4%.」
For the full year, net sales in the income-producing real estate business increased 0.9%, while operating income declined 6.4%, resulting in higher revenue but lower profit under the sustainable growth strategy. - FY2019-Q3Above the year-earlier level from the second quarter onward, but cumulative revenue and profit declinedAnnual report
「Although results in the first quarter consolidated accounting period were below the year-earlier level because the number and average unit price of properties handed over declined, revenue from the second quarter consolidated accounting period onward exceeded the year-earlier level. As a result, revenue was ¥74,851 million, down 4.7% year on year, and operating profit was ¥8,217 million, down 14.5%.」
Although the income-producing real estate business exceeded the previous year’s net sales from the second quarter onward, net sales for the first nine months declined 4.7% and operating income declined 14.5%. - FY2019-Q2Lower revenue and profit for the cumulative period, with recovery in the second quarterAnnual report
「Although results in the first quarter consolidated accounting period were below the year-earlier level because the number and average unit price of properties handed over declined, results in the second quarter consolidated accounting period exceeded the year-earlier level. As a result, revenue was ¥46,587 million, down 8.5% year on year, and operating profit was ¥4,908 million, down 21.4%.」
While continuing to make progress with acquisition and sales plans, net sales in the income-producing real estate business for the first six months declined 8.5% year on year and operating income declined 21.4%. On a standalone second-quarter basis, results exceeded those of the same period a year earlier. - FY2019-Q1Deteriorating results despite maintaining progress against planAnnual report
「Although results for the first quarter of the current cumulative consolidated period were below the year-earlier level because the number and average unit price of properties handed over during the period declined, acquisitions and sales progressed as planned. As a result, revenue was ¥13,029 million, down 48.5% year on year, and operating profit was ¥915 million, down 75.5%.」
While acquisitions and sales are progressing as planned, net sales and operating income in the income-producing real estate business declined substantially year on year due to lower delivery volumes and unit prices. - FY2018SoftenedAnnual report
「Going forward, in the income-producing real estate business operated by the group, we will seek sustainable growth by focusing on small-scale properties with short development periods, controlling business risk, and operating cautiously in the short term in light of lending stances at financial institutions and other factors.」
The policy of sustainable growth remains in place, but in light of lending stances at financial institutions, the company is placing greater emphasis in the short term on conservative planning and cautious operations. - FY2018-Q3AdvancedAnnual report
「In the income-producing real estate business, we steadily expanded the acquisition and sale of income-producing real estate, including used office buildings and rental condominiums, in Tokyo, Osaka and Nagoya. As a result, revenue was ¥78,550 million, up 15.8% year on year, and operating profit was ¥9,610 million, up 7.4%.」
The company continued its income-producing real estate business focused on small-scale properties with short development periods, with net sales up 15.8% and operating income up 7.4%. Operating income turned upward from a decline in the previous quarter. - FY2018-Q2RestatedAnnual report
「In the income-producing real estate business, transactions in income-producing real estate, including used office buildings and rental condominiums, which are expected to generate steady income, remained at a high level against the backdrop of continued monetary easing. We steadily expanded acquisitions and sales. As a result, revenue was ¥50,889 million, up 0.9% year on year, and operating profit was ¥6,248 million, down 3.8%.」
The company continues to operate the income-producing real estate business with a focus on small-scale properties with short development periods, but operating income declined year on year, and no new progress toward sustainable growth was specified. - FY2018-Q1AdvancedAnnual report
「Amid sustained high transaction levels in income-producing real estate against the backdrop of continued monetary easing, the company steadily progressed with the acquisition and sale of income-producing properties. As a result, net sales were ¥25,285 million, up 18.5% year on year, and operating income was ¥3,737 million, up 53.1%.」
The company continued acquiring and selling income-producing properties, with net sales up 18.5% year on year and operating income up 53.1%. - FY2017First statedAnnual report
「Going forward, in the income-producing real estate business operated by our Group, we will seek sustainable growth while controlling business risk by focusing on properties that are small in scale and have short development periods.」
The company stated its goal of sustainably growing the income-producing real estate business while managing risk by focusing on small-scale properties with short development periods.