Expansion of fee income from newly contracted asset management mandates
First written in FY2018-Q1. 9 of 27 entries say "Advanced", first in FY2018-Q2. Latest entry: 2026-10-09.
First Brothers moved to the "Worse" side of this theme in 2026.
The whole theme swung hardest in 2026: 1 of 12 companies on the "Worse" side.
0 other companies' latest entry also says "Materialised".
- 2026-10-09MaterialisedEarnings
「前年同四半期に計上したディスポジションフィーがなかったことや、アセットマネジメント業務報酬が減少したこと等から、売上高は91百万円(前年同四半期比19.9％減)、営業利益は55百万円(前年同四半期比24.1％減)となりました。」
前年同期のディスポジションフィーの剥落とアセットマネジメント業務報酬の減少により、投資運用事業の減収減益が実績として発生した。 - FY2026-H1MaterialisedAnnual report
「In the current interim consolidated accounting period, revenue amounted to ¥61 million, down 18.5% year on year, and operating profit amounted to ¥37 million, down 19.8% year on year, mainly because one-time fees associated with property sales recognized in the same period of the previous year were no longer recorded.」
The one-time fees associated with property sales recognized in the same period of the previous year were no longer recorded, resulting in lower revenue and profit in the investment management business. - FY2025MaterialisedAnnual report
「During the current consolidated fiscal year, the Company received fees for asset management services. However, due mainly to the absence of service fees from SPCs formed within the Group compared with the previous year, revenue was ¥144 million, down 25.8% year on year, and operating profit was ¥96 million, down 15.7%.」
Although the Company received asset management fees, the absence of fees for services provided to SPCs within the Group resulted in lower revenue and profit for the full year under the previous fee-income expansion strategy. - FY2025-H1Receipt of disposition fees amid lower assets under managementAnnual report
「During the current interim consolidated accounting period, the Company received disposition fees related to the sale of entrusted properties in addition to asset management fees. However, due mainly to a decline in the balance of entrusted assets compared with the previous year, revenue was ¥75 million, down 25.4% year on year, and operating profit was ¥47 million, down 16.0%.」
Although the Company received disposition fees in addition to asset management fees, the investment management business recorded lower revenue and profit because assets under management declined. - FY2024-Q2RestatedAnnual report
「During the first six months of the current consolidated fiscal year, revenue was ¥100 million, down 85.9% year on year, and operating profit was ¥56 million, down 90.9%, mainly because no additional fees were received for asset management services compared with the previous year.」
The decline in revenue and profit in the investment management business due to the absence of additional asset management fees was confirmed again for the same reason as in the previous quarter. - FY2024-Q1Lower revenue and profit due to the absence of additional asset management feesAnnual report
「During the first quarter of the current consolidated fiscal year, revenue was ¥46 million, down 63.8% year on year, and operating profit was ¥19 million, down 65.3%, mainly because no additional fees were received for asset management services compared with the previous year.」
Although additional fees from asset management operations were recognized in the same period of the previous year, none were recognized in the current quarter, resulting in lower revenue and operating profit in the investment management business. - FY2023-Q3AdvancedAnnual report
「In the investment management business, revenue amounted to ¥875 million, up 8.6% year on year, and operating profit amounted to ¥751 million, up 366.6% year on year. Fees related to real estate management and operations declined following the transfer of the CRE business, while fees from asset management operations and services provided to SPCs within the Group increased, among other factors.」
Higher asset management fees and fees for services provided to SPCs within the Group offset the decline in management and operating fees resulting from the transfer of the CRE business, resulting in higher revenue and profit in the investment management business. - FY2023-Q2AdvancedAnnual report
「In the investment management business, fees related to real estate management and operations declined following the transfer of the CRE business, but fees from asset management services and service fees received from group SPCs increased, among other factors. Revenue was ¥714 million, up 47.4% year on year, while operating profit was ¥616 million, up 994.0%.」
Higher fees from asset management operations and services provided to SPCs within the Group offset the decline in fees associated with the transfer of the CRE business, resulting in higher revenue and operating profit in the investment management business. - FY2023-Q1Higher asset management fees amid the transfer of the CRE businessAnnual report
「In the investment management business, revenue from the CRE business declined following the business transfer, but fees from asset management services increased, among other factors. Revenue was ¥127 million, down 46.8% year on year, while operating profit was ¥55 million, up 120.1%.」
The explanation shifted from fee expansion through new mandates to a structure in which higher fees from asset management operations offset the decline in earnings resulting from the transfer of the CRE business, leading to higher operating profit. - FY2022-Q3Profit growth from lower expenses amid lower management and operating feesAnnual report
「In the investment management business, although fees related to real estate management and operations decreased from the prior-year quarter, revenue was ¥805 million, down 4.3% year on year, while operating income was ¥161 million, up 3.9%, partly because expenses related to real estate management and operations decreased.」
Unlike the previous expansion of fees through new mandates, operating profit increased 3.9% year on year as expenses declined and other factors offset lower management and operating fees. - FY2022-Q2Lower revenue and profit due to lower management and operating feesAnnual report
「In the investment management business, revenue was ¥484 million, down 18.0% year on year, and operating income was ¥56 million, down 55.1% year on year, mainly because fees related to real estate management and operations decreased from the prior-year quarter.」
Rather than an expansion of fees through new mandates, the investment management business recorded lower revenue and profit in the current quarter due to a decline in management and operating fees. - FY2022-Q1Profit improvement through cost reductions amid lower management and operating feesAnnual report
「In the investment management business, revenue amounted to ¥238 million, down 5.6% year on year, while operating profit amounted to ¥25 million, up 57.3% year on year. This was despite a decline in fees related to real estate management and operations from the same quarter of the previous year, owing in part to reductions in outsourcing costs.」
Unlike the previous expansion of fees through new asset management mandates, the current quarter saw lower management and operating fees, while profit improved through reductions in outsourcing costs and other measures. - FY2021-Q3Higher revenue and lower profit due to higher management and operating fees and lower one-time feesAnnual report
「In the investment management business, revenue amounted to ¥842 million, up 189.1% year on year, while operating profit amounted to ¥155 million, down 17.2% year on year. This was because fees related to real estate management and operations increased, while one-time fees related to acquisitions and sales declined, among other factors.」
Revenue increased to ¥842 million as fees related to real estate management and operations rose, while operating profit amounted to ¥155 million due to a decline in one-time fees related to acquisitions and sales. - FY2021-Q2Expansion of investment management earnings from higher real estate management and operating feesAnnual report
「In the investment management business, revenue was ¥590 million, up 303.9% year on year, and operating income was ¥125 million, up 55.1% year on year, mainly because fees related to real estate management and operations increased from the prior-year quarter.」
In the investment management business, in addition to the previously cited factor of newly contracted asset management mandates, higher real estate management and operating fees were cited as factors behind the increases in revenue and profit. - FY2020AdvancedAnnual report
「In the investment management business, revenue was ¥657 million, up 261.6% year on year, and operating income was ¥328 million, up 430.6% year on year, mainly because asset management fees increased significantly following the commencement of new asset management mandates.」
New asset management mandates led to a substantial increase in fee income for the full year, resulting in revenue of ¥657 million and operating profit of ¥328 million. - FY2020-Q3AdvancedAnnual report
「In the investment management business, revenue was ¥291 million, up 98.7% year on year, and operating income was ¥187 million, up 259.3% year on year, mainly because asset management fees increased following the continued commencement of new asset management mandates.」
Continued new asset management mandates and higher fees materialized as increases in revenue and operating profit in the investment management business. - FY2020-Q2AdvancedAnnual report
「In the investment management business, revenue was ¥146.325 million, up 32.0% year on year, and operating income was ¥80.972 million, up 66.2% year on year, mainly because asset management fees increased following the commencement of new asset management mandates.」
New asset management mandates led to an increase in fee income, and revenue and operating profit in the investment management business exceeded the same period of the previous year. - FY2020-Q1RestatedAnnual report
「In the investment management business, revenue amounted to ¥35.245 million, up 22.5% year on year, and operating profit amounted to ¥3.479 million, up 684.0% year on year, mainly because asset management fees increased from the same quarter of the previous year, among other factors.」
Increased asset management fees and higher revenue and profit in the investment management business were confirmed. As new mandates were not explicitly stated in this filing, this is treated as a continuation of existing measures. - FY2019AdvancedAnnual report
「In the investment management business, revenue was ¥181.840 million, up 52.2% year on year, and operating income was ¥61.914 million, up 67.7% year on year, mainly because asset management fees increased following the commencement of new asset management mandates.」
New asset management mandates led to an increase in fee income for the full year, and revenue and operating profit in the investment management business exceeded the previous fiscal year's levels. - FY2019-Q3AdvancedAnnual report
「In the investment management business, revenue was ¥146.648 million, up 63.0% year on year, and operating income was ¥52.146 million, up 109.0% year on year, mainly because upfront fees increased following the commencement of new asset management mandates.」
Continued new asset management mandates and higher upfront fees translated into revenue of ¥146.648 million and operating profit of ¥52.146 million in the investment management business. - FY2019-Q2Earnings recovery driven by new mandates and higher upfront feesAnnual report
「In the investment management business, revenue amounted to ¥110.882 million, up 78.0% year on year, and operating profit amounted to ¥48.716 million, up 116.8% year on year. This was mainly because upfront fees increased as a result of newly undertaken asset management mandates, among other factors.」
The business shifted from the decline in earnings caused by the reversal of upfront fees seen in the previous quarter to higher revenue and profit, driven by increased upfront fees from new mandates. - FY2019-Q1Decline in earnings due to the reversal of upfront feesAnnual report
「In the investment management business, revenue amounted to ¥28.770 million, down 10.0% year on year, and operating profit amounted to ¥443 thousand, down 97.2% year on year. This was mainly because no upfront fees associated with newly contracted asset management mandates, which had been recognized in the same quarter of the previous year, were recognized in the first quarter, among other factors.」
Although the Company had a record of newly undertaking asset management mandates, the upfront fees recognized in the same period of the previous year were absent in the current quarter, resulting in lower earnings in the investment management business. - FY2018-Q3AdvancedAnnual report
「In the investment management business, revenue was ¥89.986 million, up 95.4% year on year, and operating income was ¥24.945 million, up 3,127.9% year on year, mainly because asset management fees increased following the commencement of new asset management mandates.」
New asset management mandates continued, materializing as an increase in fee income and substantial increases in revenue and operating profit in the investment management business. - FY2018-Q2AdvancedAnnual report
「In the investment management business, revenue was ¥62.286 million, up 87.6% year on year, and operating income was ¥22.467 million, up 3,678.9% year on year, mainly because asset management fees increased following the commencement of new asset management mandates.」
New asset management mandates continued, materializing as an increase in asset management fee income and substantial increases in revenue and operating profit in the investment management business. - FY2018-Q1First statedAnnual report
「Asset management fees increased because the Company newly undertook asset management mandates, among other factors,」
The Company newly undertook asset management mandates, providing the first specific indication of business development aimed at increasing asset management fees.