Expanding Rental Income Through Proprietary Investment
First written in FY2016-Q2. 22 of 33 entries say "Advanced", first in FY2017-Q1. Latest entry: 2026-09-30.
The whole theme swung hardest in 2021: 1 of 11 companies on the "Worse" side.
6 other companies' latest entry also says "Advanced".
- 2026-09-30AdvancedM&A and Subsidiary Changes
「サワラシティ is a company that operates the Sawara City shopping mall in Katori City, Chiba Prefecture, as a real estate leasing business. Since beginning operations in 1996, it has served as a commercial hub supporting the daily lives of local residents.」
The company resolved to acquire all shares of a company engaged in real estate leasing, concretely expanding the scope of its rental business investment on its own account to commercial facilities. - FY2026-H1Progress in property sales and acquisitions, and a year-on-year decline in rental revenueAnnual report
「During the interim consolidated accounting period, some cautious activity was seen in the market for small- and medium-sized properties, as in the large-property market, due to the upward trend in long-term interest rates and a tendency for yields to decline amid signs of overheating, particularly in central Tokyo. However, there was still no significant change in the lending stance of financial institutions, and investors' appetite for investment remained high. With regard to borrowings, short-term interest rates, which are the main benchmark rates for the Group's borrowings, were trending upward, albeit more gradually than long-term interest rates, and the Bank of Japan announced an interest-rate hike in June 2026.」
While the acquisition environment for small- and medium-sized properties showed signs of caution, property acquisitions and sales were carried out actively. Rental income declined year on year because income from a property that had made a significant contribution through variable rental income in the previous fiscal year fell away following its sale. - FY2025AdvancedAnnual report
「During the consolidated fiscal year, measures to improve the profitability of the properties held by the Group were implemented, rental income increased, and large, high-margin property sales were completed. Net sales therefore came to ¥17,193 million, up 13.7% year on year, and operating profit came to ¥6,289 million, up 66.0%.」
Rental income increased as a result of improved profitability at the properties held by the Group, with the investment banking business generating net sales of ¥17,193 million and operating profit of ¥6,289 million. - FY2025-H1AdvancedAnnual report
「During the interim consolidated accounting period, measures to improve the profitability of the rental properties held by the Group were implemented, resulting in higher rental income. Net sales therefore came to ¥4,389 million, up 27.0% year on year, and operating profit came to ¥1,277 million, up 19.0%.」
Rental income increased as a result of measures to improve the profitability of the rental properties held by the Group, and net sales and operating profit in the investment banking business exceeded those of the same period of the previous year. - FY2024-Q2RestatedAnnual report
「Measures to improve the profitability of the rental properties held by the Group were implemented, and rental income increased. However, as there was no large, high-margin property sale like that in the same period of the previous year,」
Rental income increased as a result of measures to improve the profitability of the rental properties held by the Group. At the same time, the results showed that the scale and margin of property sales affect performance. - FY2024-Q1AdvancedAnnual report
「By pursuing these initiatives, we implemented measures to improve the profitability of our rental real estate holdings during the six months ended [the first quarter], increasing rental revenue. As a result, net sales were ¥1,500 million, up 10.7% from the same quarter of the previous year, and operating profit was ¥483 million, up 48.6%.」
Measures to improve the profitability of rental real estate holdings were implemented, resulting in increased rental revenue and investment banking net sales of ¥1,500 million and operating profit of ¥483 million. - FY2023-Q3AdvancedAnnual report
「At the end of the third quarter, the rental real estate portfolio reached ¥69,975 million on a book-value basis, up 7.4% from the end of the previous consolidated fiscal year, and rental revenue also increased.」
The rental real estate portfolio reached ¥69,975 million, up 7.4% from the end of the previous fiscal year, and rental revenue also increased. - FY2023-Q2AdvancedAnnual report
「As a result of these activities, our group's rental real estate portfolio reached ¥65,530 million on a book-value basis, up 0.6% from the end of the previous consolidated fiscal year. In addition, from the perspective of rotating the rental real estate portfolio, we sold several rental properties and realized a corresponding gain on sale.」
Rental real estate acquisitions and measures to improve revenue progressed, increasing the portfolio 0.6% from the end of the previous fiscal year. Gains on sale were also generated through the sale of several properties. - FY2023-Q1AdvancedAnnual report
「As a result of these activities, our group's rental real estate portfolio reached ¥66,388 million on a book-value basis, up 1.9% from the end of the previous consolidated fiscal year.」
As a result of rental real estate acquisitions and measures to improve revenue, the portfolio reached ¥66,388 million on a book-value basis, up 1.9% from the end of the previous consolidated fiscal year. - FY2022-Q3AdvancedAnnual report
「As a result of these activities, the rental real estate portfolio reached ¥64,353 million on a book-value basis, up 3.9% from the end of the previous consolidated fiscal year, at the end of the third-quarter consolidated accounting period.」
As a result of rental real estate acquisitions and measures to improve rental revenue, the portfolio increased 3.9% from the end of the previous fiscal year to ¥64,353 million, reversing the temporary decline through the previous quarter. - FY2022-Q2Decline in the rental real estate portfolio as sales preceded acquisitionsAnnual report
「During the six months ended [the second quarter], sales of rental real estate preceded new acquisitions, temporarily reducing the rental real estate portfolio to ¥59,404 million on a book-value basis, down 4.1% from the end of the previous consolidated fiscal year, at the end of the second-quarter consolidated accounting period.」
Sales of rental real estate preceded new acquisitions, and the portfolio reached ¥59,404 million on a book-value basis, down 4.1% from the end of the previous fiscal year. - FY2022-Q1Decline in the rental real estate portfolio following property salesAnnual report
「As new rental real estate acquisitions were expected to begin in the second quarter or later, the rental real estate portfolio stood at ¥58,674 million on a book-value basis, down 5.3% from the end of the previous consolidated fiscal year.」
While several rental properties were sold, new acquisitions were expected to begin in the second quarter or later, and the rental real estate portfolio declined 5.3% from the end of the previous consolidated fiscal year. - FY2021-Q3AdvancedAnnual report
「As a result of these activities, our group's rental real estate portfolio reached ¥67,669 million on a book-value basis, up 20.5% from the end of the previous consolidated fiscal year, and rental revenue from the portfolio exceeded the combined total of our group's selling, general and administrative expenses and interest expense.」
The rental real estate portfolio reached ¥67,669 million on a book-value basis, up 20.5% from the end of the previous consolidated fiscal year, and rental revenue remained above the combined total of selling, general and administrative expenses and interest expense. - FY2021-Q2AdvancedAnnual report
「As a result of these activities, our group's rental real estate portfolio reached ¥57,955 million on a book-value basis, up 3.2% from the end of the previous consolidated fiscal year, and rental revenue from the portfolio exceeded the combined total of our group's selling, general and administrative expenses and interest expense.」
The rental real estate portfolio increased 3.2% from the end of the previous consolidated fiscal year to ¥57,955 million, and rental revenue remained above the combined total of selling, general and administrative expenses and interest expense. - FY2021-Q1AdvancedAnnual report
「As a result of these activities, our group's rental real estate portfolio reached ¥57,744 million on a book-value basis, up 2.8% from the end of the previous consolidated fiscal year, and rental revenue from the portfolio exceeded the combined total of our group's selling, general and administrative expenses and interest expense.」
The rental real estate portfolio reached ¥57,744 million, up 2.8% from the end of the previous fiscal year, and rental revenue exceeded the combined total of selling, general and administrative expenses and interest expense. - FY2020AdvancedAnnual report
「The rental real estate portfolio reached ¥56,179 million on a book-value basis, up 26.7% year on year, and, on a monthly basis at the end of the consolidated fiscal year, rental revenue from the portfolio exceeded the combined total of selling, general and administrative expenses and interest expense.」
The rental real estate portfolio reached ¥56,179 million, up 26.7% year on year, and rental revenue exceeded the combined total of selling, general and administrative expenses and interest expense. - FY2020-Q3AdvancedAnnual report
「As a result of these activities, our group's rental real estate portfolio reached ¥59,908 million on a book-value basis, up 35.1% from the end of the previous consolidated fiscal year. On a recent monthly basis, rental revenue from the portfolio exceeded the combined total of selling, general and administrative expenses and interest expense.」
The rental real estate portfolio reached ¥59,908 million, up 35.1% from the end of the previous fiscal year, and rental revenue exceeded the combined total of selling, general and administrative expenses and interest expense. - FY2020-Q2AdvancedAnnual report
「As a result of these activities, our group's rental real estate portfolio reached ¥56,250.021 million on a book-value basis, up 26.9% from the end of the previous consolidated fiscal year, and rental revenue from rental real estate remained above our group's selling, general and administrative expenses.」
The rental real estate portfolio reached ¥56,250.021 million, up 26.9% from the end of the previous fiscal year, and rental revenue remained above selling, general and administrative expenses. - FY2020-Q1AdvancedAnnual report
「As a result of these activities, our group's rental real estate portfolio reached ¥48,071.163 million on a book-value basis, up 8.4% from the end of the previous consolidated fiscal year, and rental revenue from rental real estate remained above our group's selling, general and administrative expenses.」
The rental real estate portfolio reached ¥48,071.163 million, up 8.4% from the end of the previous fiscal year, and rental revenue exceeded selling, general and administrative expenses. - FY2019AdvancedAnnual report
「As a result, in the consolidated fiscal year, our group's rental real estate holdings reached ¥44,340.028 million on a book-value basis, up 30.4% year on year, and rental revenue from rental real estate also increased significantly.」
Rental real estate reached ¥44,340.028 million on a book-value basis, up 30.4% year on year, and rental revenue also increased significantly. - FY2019-Q3AdvancedAnnual report
「As a result, our group's rental real estate portfolio reached ¥48,600.082 million on a book-value basis, up 42.9% from the end of the previous consolidated fiscal year, and rental revenue, a source of stable revenue, also increased significantly.」
The rental real estate portfolio reached ¥48,600.082 million, up 42.9% from the end of the previous fiscal year, and rental revenue, a source of stable revenue, also increased significantly. - FY2019-Q2AdvancedAnnual report
「As a result, our group's rental real estate portfolio reached ¥50,290.190 million on a book-value basis, up 47.8% from the end of the previous consolidated fiscal year, and rental revenue, a source of stable revenue, also increased significantly.」
The rental real estate portfolio reached ¥50,290.19 million on a book-value basis, up 47.8% from the end of the previous fiscal year, and rental revenue also increased significantly. The expansion of the stable revenue base was demonstrated with figures. - FY2019-Q1RestatedAnnual report
「We enhanced the value of our rental real estate holdings and worked to improve stable revenue, including rental income.」
The policy of improving stable revenue through value enhancement of rental real estate was reaffirmed. - FY2018-Q1RestatedAnnual report
「Rental revenue from the rental real estate portfolio also contributed,」
The contribution of rental revenue from the rental real estate portfolio to revenue was reaffirmed. - FY2017AdvancedAnnual report
「We acquired rental real estate expected to generate stable revenue over the medium to long term and expanded a portfolio comprising multiple properties.」
Acquisitions of rental real estate and expansion of the multi-property portfolio progressed, increasing stable revenue from the rental real estate portfolio. - FY2017-Q3AdvancedAnnual report
「Stable revenue increased as proprietary investment projects, including rental real estate, were accumulated, although」
The buildup of proprietary investment projects resulted in increased stable revenue, as shown in the results for the nine months ended [the third quarter]. - FY2017-Q2RestatedAnnual report
「In addition to increased rental income from proprietary investment projects, including rental real estate, proceeds from the sale of proprietary investment projects, including rental real estate, contributed, among other factors,」
The increase in rental income from proprietary investment projects and the contribution from sale proceeds were reiterated. - FY2017-Q1AdvancedAnnual report
「The balance of proprietary investment projects, including rental real estate, built up steadily and rental income increased, although」
The buildup in proprietary investment holdings and the increase in rental income were specifically reported as results for the quarter. - FY2016RestatedAnnual report
「In addition to steady growth in rental income from proprietary investment projects, including rental real estate, proceeds from the sale of proprietary investment projects, including rental real estate, also contributed,」
The increase in rental income from proprietary investments and the contribution from proceeds from the sale of held real estate were also reported for the full year. - FY2016-Q3RestatedAnnual report
「In addition to steady growth in rental income from proprietary investment projects, including rental real estate, proceeds from the sale of proprietary investment projects, including rental real estate, also contributed,」
The increase in rental income from proprietary investment projects and the contribution from sale proceeds were reiterated. - FY2016-Q2First statedAnnual report
「In addition to steady growth in rental income from proprietary investment projects, including rental real estate, proceeds from the sale of proprietary investment projects, including rental real estate, also contributed,」
Both increased rental income and sale proceeds from rental real estate and other assets held as proprietary investments were identified as sources of revenue.