Expansion and Renewed Growth of the Condominium Business
First written in FY2017. 17 of 30 entries say "Advanced", first in FY2018-Q1. Latest entry: 2026-08-07.
The whole theme swung hardest in 2022: 2 of 13 companies on the "Worse" side.
7 other companies' latest entry also says "Advanced".
- FY2025Decline in condominium business revenue and profit, brand refreshAnnual report
「In the condominium business, revenue fell below the previous consolidated fiscal year because land acquisitions were carefully selected in response to rising condominium land and construction costs, but demand for condominiums remains strong and the gross profit margin has improved.」
Careful selection of land acquisitions in response to higher land and construction costs resulted in a 22.9% decline in net sales and a 24.5% decline in operating income. The company also indicated that selling expenses and other costs for properties to be delivered in the following fiscal year were incurred ahead of revenue, and that the brands were renewed to Inovus and Innovasia from November 2024. - FY2025-H1AdvancedAnnual report
「Because property deliveries are concentrated at the end of the current consolidated fiscal year, only a limited number of properties reached the delivery stage during the current interim consolidated accounting period, although sales contracts contributing to future results are progressing steadily. As a result, net sales were ¥6,038 million, up 8.9% year on year, and the operating loss was ¥1,808 million, compared with an operating loss of ¥1,917 million in the same period a year earlier.」
The operating loss continued because deliveries were concentrated at the fiscal year-end, but net sales increased 8.9% and the operating loss narrowed from ¥1,917 million in the same period a year earlier to ¥1,808 million. Sales contracts are progressing steadily. - FY2024-Q2Lower revenue and an operating loss due to concentrated deliveriesAnnual report
「Because property deliveries are concentrated in the fourth quarter of the consolidated fiscal year, only a limited number of properties reached the delivery stage during the first six months of the current consolidated fiscal year, although sales contracts contributing to future results are progressing steadily. As a result, net sales were ¥5,545 million, down 79.1% year on year, and the operating loss was ¥1,917 million, compared with operating income of ¥4,129 million in the same period a year earlier.」
Although sales contracts are progressing steadily, the concentration of deliveries in the fourth quarter led to a substantial decline in first-half revenue, and operating results swung from a profit in the same period a year earlier to an operating loss of ¥1,917 million. - FY2023AdvancedAnnual report
「While sales continued to progress steadily, deliveries of properties that had been concentrated in the fourth quarter of the consolidated fiscal year were also completed as planned, and performance remained strong. As a result, net sales were ¥124,689 million, up 99.9% from the previous consolidated fiscal year, and operating income was ¥25,139 million, up 136.0%.」
The condominium business completed the deliveries concentrated in the fourth quarter as planned, resulting in substantial increases in net sales and operating income. - FY2023-Q3AdvancedAnnual report
「In the condominium business, property handovers during the first 3 quarters of the current cumulative consolidated period were completed as planned, and sales contracts for properties scheduled for handover in the fourth quarter consolidated accounting period are also progressing smoothly. As a result, revenue was ¥39,955 million, up 60.7% year on year, and operating profit was ¥5,347 million, up 176.8%.」
In addition to completing deliveries as planned and making progress in sales contracts, the condominium business reported specific growth results, with net sales up 60.7% and operating income up 176.8%. - FY2023-Q2AdvancedAnnual report
「In the condominium business, property handovers during the first 2 quarters of the current cumulative consolidated period were completed as planned. Sales contracts, including for properties scheduled for handover in the fourth quarter consolidated accounting period, are also progressing smoothly. As a result, revenue was ¥26,474 million, up 130.9% year on year, and operating profit was ¥4,129 million, up 884.9%.」
Specific progress was reported in the expansion and renewed growth of the condominium business, including the completion of deliveries as planned, progress in sales contracts, a 130.9% increase in net sales and an 884.9% increase in operating income. - FY2023-Q1RestatedAnnual report
「Because property deliveries are concentrated in the fourth quarter of the consolidated fiscal year, results for the first three months of the current consolidated fiscal year were below those of the same period a year earlier, although sales contracts affecting future results are progressing steadily. As a result, net sales were ¥3,347 million, down 23.5% year on year, and the operating loss was ¥432 million, compared with an operating loss of ¥118 million in the same period a year earlier.」
The company said first-quarter results were below those of the same period a year earlier and the business recorded an operating loss because deliveries were concentrated in the period, while sales contracts affecting future results are progressing steadily. - FY2022-Q3AdvancedAnnual report
「In the condominium business, property completions are concentrated in the fourth quarter consolidated accounting period, but property handovers, sales contracts and land acquisitions, which affect future results, are progressing as planned. As a result, revenue was ¥24,858 million, up 90.8% year on year, and operating profit was ¥1,932 million, up 575.4%.」
In the condominium business, net sales for the first nine months increased 90.8% year on year and operating income increased 575.4%. Sales contracts and land acquisitions are also progressing as planned. - FY2022-Q2AdvancedAnnual report
「Although property completions are concentrated in the fourth quarter of the consolidated fiscal year, results for the first six months of the current consolidated fiscal year exceeded those of the same period a year earlier, and the business recorded operating income. Sales contracts and land acquisitions that will affect future results are also progressing as planned. As a result, net sales were ¥11,467 million, up 174.8% year on year, and operating income was ¥419 million, compared with an operating loss of ¥816 million in the same period a year earlier.」
In the condominium business, first-half net sales increased 174.8% year on year, while operating results swung from an operating loss of ¥816 million in the same period a year earlier to operating income of ¥419 million. Sales contracts and land acquisitions are also progressing as planned. - FY2022-Q1RestatedAnnual report
「In the condominium business, although an operating loss will be recorded for the first quarter of the current cumulative consolidated period because property completions are concentrated in the fourth quarter consolidated accounting period, sales contracts and land acquisitions, which affect future results, are progressing as planned.」
While continuing its policy of expanding the condominium business, the company reported an operating loss in the first quarter. It said sales contracts and land acquisitions are progressing as planned. - FY2021ReframedAnnual report
「While continuing to pursue expansion of the condominium business, we will also place emphasis on the profitability of each property and aim for steady growth.」
For the condominium business, the company has maintained its emphasis on expansion and renewed growth while shifting its focus toward steady growth that prioritizes the profitability of individual properties. - FY2021-Q3RestatedAnnual report
「In the condominium business, although operating profit for the first 3 quarters of the current cumulative consolidated period was below the year-earlier level because property completions are concentrated in the fourth quarter consolidated accounting period, property handovers, sales contracts and land acquisitions, which affect future results, are progressing as planned.」
The company continues to pursue its policy of expanding and restoring growth in the condominium business. Although operating income for the first nine months was below that of the same period a year earlier, deliveries, sales contracts and land acquisitions are progressing as planned. - FY2021-Q2RaisedAnnual report
「Pressance Corporation focused on selling well-located investment and family condominiums in the major sales areas of the Kinki region, the Tokai and Chukyo regions, the Tokyo metropolitan area, and central cities in regional areas including Okinawa. As a result, net sales were ¥49,491 million. Because this segment was newly added from the second quarter of the current consolidated fiscal year following Pressance’s inclusion as a consolidated subsidiary, year-on-year comparisons are not shown. Operating income was ¥2,160 million; the same applies here.」
Following Pressance’s inclusion as a consolidated subsidiary, the geographic and product scope of the condominium business expanded to investment and family condominiums in the Kinki region, the Tokai and Chukyo regions, the Tokyo metropolitan area, and central cities in regional areas including Okinawa. The new segment recorded net sales of ¥49,491 million and operating income of ¥2,160 million. - FY2021-Q1RestatedAnnual report
「In the condominium business, although results for the first quarter of the current cumulative consolidated period were below the year-earlier level because property completions are concentrated in the fourth quarter consolidated accounting period, sales contracts and land acquisitions, which affect future results, are progressing as planned.」
Although first-quarter results in the condominium business were below those of the same period a year earlier because property completions were concentrated in the period, the company said sales contracts and land acquisitions that will contribute to future results are progressing as planned. - FY2020Review of geographic compositionAnnual report
「The condominium business develops newly built condominiums in central Tokyo’s 23 wards, Aichi Prefecture and Fukuoka Prefecture. Performance progressed as planned, with the number of units delivered increasing while the sales mix was shifted to increase the proportion in Aichi Prefecture relative to Tokyo’s 23 wards in response to soaring development land prices.」
The company continued operations in Tokyo’s 23 wards, Aichi Prefecture and Fukuoka Prefecture, while indicating an operational adjustment to shift the sales mix from Tokyo’s 23 wards to Aichi Prefecture in response to soaring development land prices. - FY2020-Q3RestatedAnnual report
「Because property completion is concentrated in the fourth quarter of the consolidated fiscal year, results for the first nine months of the current consolidated fiscal year were below those of the same period a year earlier, although the business is progressing as planned.」
Because property completions are concentrated in the fourth quarter, revenue and operating income for the first nine months declined, but the company said the business is progressing as planned. - FY2020-Q2AdvancedAnnual report
「We entered into this capital and business alliance because we believe that combining the two companies’ management resources and expertise to generate business synergies, including complementary geographic coverage and an expanded product lineup, will help maximize benefits for both companies and their customers, shareholders, employees, business partners and other stakeholders.」
The capital and business alliance with Pressance Corporation added measures to complement operations, including the condominium business, through complementary geographic coverage and an expanded product lineup. - FY2020-Q1RestatedAnnual report
「Because property completion is concentrated in the fourth quarter of the consolidated fiscal year, results for the first quarter of the current consolidated fiscal year were below those of the same period a year earlier, although the business is progressing as planned.」
First-quarter results were below those of the same period a year earlier because property completions were concentrated in the period, but the company said the condominium business is progressing as planned. - FY2019AdvancedAnnual report
「In the condominium business, the number of newly built condominiums delivered in central Tokyo’s 23 wards and central Nagoya, Aichi Prefecture, increased. As a result, net sales were ¥60,956 million, up 23.4% from the previous consolidated fiscal year, and operating income was ¥10,815 million, up 49.6%.」
The number of deliveries in Tokyo’s 23 wards and Nagoya increased, with net sales up 23.4% year on year and operating income up 49.6%. - FY2019-Q3AdvancedAnnual report
「In the condominium business, in addition to Tokyo’s 23 wards, where we have operated to date, we began handing over newly built for-sale condominiums in Nagoya during the fiscal year under review. As a result, revenue was ¥26,508 million, up 25.9% year on year, and operating profit was ¥3,863 million, up 75.1%.」
Deliveries progressed in Nagoya in addition to Tokyo’s 23 wards, and net sales and operating income in the condominium business exceeded the previous year’s levels. - FY2019-Q2AdvancedAnnual report
「In the condominium business, in addition to Tokyo’s 23 wards, where we have operated to date, we began handing over newly built for-sale condominiums in Nagoya during the fiscal year under review. As a result, revenue was ¥20,768 million, up 80.4% year on year, and operating profit was ¥3,305 million, up 256.3%.」
The condominium business expanded its operating area from Tokyo’s 23 wards to Nagoya, recording net sales of ¥20,768 million and operating income of ¥3,305 million. - FY2019-Q1AdvancedAnnual report
「In the condominium business, in addition to the 23 wards of Tokyo where we have operated to date, we began delivering newly built condominiums in Nagoya during the consolidated fiscal year. As a result, net sales were ¥6,504 million, up 45.0% year on year, and operating income was ¥620 million, up 412.5%.」
The condominium business began deliveries in Nagoya, generating net sales of ¥6,504 million and operating income of ¥620 million. The expansion of operating areas beyond Tokyo’s 23 wards was reflected in the results. - FY2018RaisedAnnual report
「Going forward, we will expand into the Fukuoka metropolitan area in addition to the Tokyo and Nagoya metropolitan areas, with the aim of expanding and returning the condominium business to growth.」
The company added a policy of expanding the condominium business's operating area from the Tokyo and Nagoya metropolitan areas to the Fukuoka metropolitan area, broadening its target growth regions. - FY2018-Q3AdvancedAnnual report
「In the condominium business, the company focused on developing and selling newly built for-sale condominiums in Tokyo's 23 wards, while deliveries of completed properties also progressed steadily. As a result, revenue was ¥21,058 million, up 127.4% year on year, and operating profit was ¥2,205 million, up 189.9%.」
Development, sales and deliveries of newly built for-sale condominiums in Tokyo's 23 wards progressed, with revenue increasing by 127.4% year on year and operating profit by 189.9%. - FY2018-Q2AdvancedAnnual report
「In the condominium business, handovers of newly built condominiums developed in highly convenient central Tokyo increased steadily. As a result, revenue was ¥11,513 million, up 49.3% year on year, and operating profit was ¥927 million, up 7.4%.」
Progress in expanding and returning the condominium business to growth included an increase in deliveries in central Tokyo, a 49.3% increase in revenue, and a 7.4% increase in operating profit. - FY2018-Q1AdvancedAnnual report
「In the condominium business, the number of newly built for-sale condominiums delivered in central Tokyo, an area with high convenience, increased. As a result, revenue was ¥4,487 million, up 185.8% year on year, and operating profit was ¥121 million, compared with an operating loss of ¥184 million in the same period of the previous year.」
The number of newly built for-sale condominiums delivered in central Tokyo increased, driving a 185.8% year-on-year increase in revenue. Operating results also turned from a loss in the same period of the previous year to a profit of ¥121 million. - FY2017First statedAnnual report
「Going forward, we will expand into the Nagoya metropolitan area in addition to the Tokyo metropolitan area, with the aim of expanding and returning the condominium business to growth.」
The company newly stated its goal of expanding the condominium business and returning it to growth by extending its operating area from the Tokyo metropolitan area to the Nagoya metropolitan area.