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First Brothers (3454) · InitiativeAdvanced

Enhancing the value of existing investment opportunities and leveraging our track record in selecting opportunities

First written in FY2016-Q2. 21 of 37 entries say "Advanced", first in FY2019-Q2. Latest entry: 2026-10-09.

37entries
11years
6from disclosures
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How it moved
ProgressHeldSoftenedWorseRestatedFY2016-Q2 – FY2019-Q1AdvancedFY2019-Q2 – FY2021-Q3AdvancedFY2022-Q3 – FY2024-Q12016: 220162017: 320172018: 420182019: 320192020: 420202021: 420212022: 320222023: 320232024: 220242025: 120252026: 82026
Same theme, other companies
Value Enhancement of Existing Real Estate Investment AssetsA theme 20 companies write about · 0 as a headwind · 21 as a tailwind

The whole theme swung hardest in 2021: 1 of 11 companies on the "Worse" side.

10 other companies' latest entry also says "Advanced".

Ridges = years it wrote progress, valleys = years it wrote worse. Most hopeful companies at the back. Drag to turn, scroll to zoom, right-drag to pan. On a phone, two fingers turn and pinch to zoom; one finger scrolls the page.
Showing 14 of the 20 companies compared. The sentences above are computed from all 20.
Full recordFilings, disclosures and news, newest first
  1. FY2026-H1AdvancedAnnual report

    「The investment banking business targets small and mid-sized rental real estate properties with high transaction volumes. By investing nationwide, rather than only in the Tokyo metropolitan area, the business selectively acquires high-quality properties and secures portfolio yields. During the holding period, it develops a strategy based on each property’s individual characteristics and implements various measures to maximize value.」

    In addition to selecting and acquiring properties nationwide, the Company continued to demonstrate an approach involving management during the holding period based on each property’s individual characteristics and measures to maximize value. During the interim period, it also actively acquired and sold properties from the start of the period.
  2. FY2025Cited as achievedAnnual report

    「As exemplified by the success of contrarian investments during the recent COVID-19 pandemic and the subsequent exit strategy, the Company will continue to respond swiftly to market distortions and changes and pursue highly profitable investment opportunities.」

    The Company reaffirmed its policy of identifying market distortions and changes in its approach to seeking and executing investment opportunities, citing contrarian investments during the COVID-19 pandemic and the subsequent exit strategy as past examples of success.
  3. FY2025-H1AdvancedAnnual report

    「The Company implemented measures to improve the profitability of its rental real estate holdings, increasing rental income. As a result, revenue was ¥4,389 million, up 27.0% year on year, and operating profit was ¥1,277 million, up 19.0%.」

    Measures to improve the profitability of rental real estate holdings resulted in increased rental income, reflected in investment banking business revenue of ¥4,389 million and operating profit of ¥1,277 million.
  4. FY2024-Q2RestatedAnnual report

    「During the holding period, we develop a strategy based on each property’s unique characteristics and implement various measures to maximize its value.」

    The operating approach of implementing value-maximization measures based on each property’s individual characteristics was reaffirmed, following the previous quarter.
  5. FY2024-Q1AdvancedAnnual report

    「The investment banking business targets small and mid-sized rental real estate properties with high transaction volumes. By investing nationwide, rather than only in the Tokyo metropolitan area, the business selectively acquires high-quality properties and secures portfolio yields. During the holding period, it develops a strategy based on each property’s individual characteristics and implements various measures to maximize value.」

    The operating model of selectively acquiring small and mid-sized properties nationwide and implementing measures to maximize the value of each property during the holding period provided a more concrete expression of the Company’s existing approach to identifying and enhancing value.
  6. FY2023-Q3AdvancedAnnual report

    「The Company implemented measures to acquire high-quality rental real estate and improve the profitability of its holdings. 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 income also increased.」

    The Company continued to acquire rental real estate and implement measures to improve profitability, bringing the portfolio to ¥69,975 million, up 7.4% from the end of the previous fiscal year, while also increasing rental income.
  7. FY2023-Q2AdvancedAnnual report

    「Amid this business environment, our Group leveraged its expertise in selecting and its track record in enhancing the value of real estate investment opportunities to work on sourcing investment opportunities with the potential to generate sufficient investment returns, and implemented measures to increase rental income from its rental real estate holdings. As a result of these activities, the book value of our Group’s rental real estate portfolio was ¥65,530 million, up 0.6% from the end of the previous consolidated fiscal year.」

    The Company continued to identify and acquire investment opportunities leveraging its track record in identifying and enhancing value, and implement measures to increase rental income, resulting in a portfolio increase of 0.6% from the end of the previous fiscal year.
  8. FY2023-Q1AdvancedAnnual report

    「The Company leveraged its track record in identifying real estate investment opportunities and enhancing their potential value to pursue the acquisition of rental real estate expected to generate sufficient investment returns, while implementing measures to increase rental income from its holdings. As a result, the 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.」

    Continued acquisitions leveraging the Company’s track record in identifying and enhancing potential value, together with measures to increase income from its rental real estate holdings, resulted in a quantified increase in the portfolio.
  9. FY2022-Q3AdvancedAnnual report

    「Amid this business environment, the Group leveraged its track record in identifying and enhancing the value of real estate investment opportunities to acquire investments expected to generate sufficient returns, while implementing measures to increase rental income from its rental real estate holdings. As a result, at the end of the third quarter of the current consolidated fiscal year, 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.」

    The Company continued to acquire investment properties leveraging its track record in identifying and enhancing value, and implement measures to increase rental income, bringing the rental real estate portfolio to ¥64,353 million, up 3.9% from the end of the previous fiscal year.
  10. FY2022-Q2RestatedAnnual report

    「Amid this business environment, our Group leveraged its expertise in selecting and its track record in enhancing the value of real estate investment opportunities to work on sourcing investment opportunities with the potential to generate sufficient investment returns, and implemented measures to increase rental income from its rental real estate holdings.」

    The continued use of the Company’s track record in identifying and enhancing the value of investment opportunities, together with measures to increase rental income from its rental real estate holdings, was reaffirmed.
  11. FY2022-Q1RestatedAnnual report

    「The Company leveraged its track record in identifying and enhancing the value of real estate investment opportunities to pursue the acquisition of rental real estate expected to generate sufficient investment returns, while implementing measures to increase rental income from its holdings.」

    Acquisitions leveraging the Company’s track record in identifying and enhancing value, and measures to increase income from its rental real estate holdings, continued.
  12. FY2021-Q3AdvancedAnnual report

    「Amid this business environment, the Group leveraged its track record in identifying and enhancing the value of real estate investment opportunities to acquire investments expected to generate sufficient returns, while implementing measures to increase rental income from its rental real estate holdings. As a result, the 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 income from the portfolio reached a level exceeding the combined amount of the Group’s selling, general and administrative expenses and interest expense.」

    The Company continued to acquire investment properties and implement measures to increase rental income, bringing the rental real estate portfolio to ¥67,669 million on a book value basis, up 20.5% from the end of the previous consolidated fiscal year. Rental income also continued to exceed the combined amount of selling, general and administrative expenses and interest expense.
  13. FY2021-Q2AdvancedAnnual report

    「Amid this business environment, the Group leveraged its track record in identifying and enhancing the value of real estate investment opportunities to acquire investments expected to generate sufficient returns, while implementing measures to increase rental income from its rental real estate holdings. As a result, the 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 income from the portfolio reached a level exceeding the combined amount of the Group’s selling, general and administrative expenses and interest expense.」

    The Company continued to acquire investment properties and implement measures to increase rental income, bringing the rental real estate portfolio to ¥57,955 million on a book value basis, up 3.2% from the end of the previous consolidated fiscal year. Rental income also continued to exceed the combined amount of selling, general and administrative expenses and interest expense.
  14. FY2021-Q1AdvancedAnnual report

    「Amid this business environment, the Group leveraged its track record in identifying and enhancing the value of real estate investment opportunities to acquire investments expected to generate sufficient returns, while implementing measures to increase rental income from its rental real estate holdings. As a result, the 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 income from the portfolio reached a level exceeding the combined amount of the Group’s selling, general and administrative expenses and interest expense.」

    The Company acquired investment properties and implemented measures to increase rental income, bringing the rental real estate portfolio to ¥57,744 million on a book value basis, up 2.8% from the end of the previous fiscal year. Rental income continued to be at a level exceeding the combined amount of selling, general and administrative expenses and interest expense.
  15. FY2020AdvancedAnnual report

    「Through these activities, the rental real estate portfolio in the investment banking business reached ¥56,179 million on a book value basis, up 26.7% year on year. On a monthly basis at the end of the consolidated fiscal year, rental income from the portfolio reached a level exceeding the combined amount of selling, general and administrative expenses and interest expense.」

    Progress was made in acquiring investment properties, increasing rental income and expanding the portfolio, bringing the rental real estate portfolio to ¥56,179 million on a book value basis, up 26.7% year on year. Rental income reached a level exceeding the combined amount of selling, general and administrative expenses and interest expense.
  16. FY2020-Q3AdvancedAnnual report

    「Amid this business environment, our Group leveraged its expertise in selecting and its track record in enhancing the value of real estate investment opportunities to acquire investment opportunities with the potential to generate sufficient investment returns, and implemented measures to increase rental income from its rental real estate holdings. As a result of these activities, the book value of our Group’s rental real estate portfolio was ¥59,908 million, up 35.1% from the end of the previous consolidated fiscal year. On a monthly basis recently, rental income from the portfolio has reached a level exceeding the combined total of selling, general and administrative expenses and interest expense.」

    Following the acquisition of investment properties and measures to increase rental income, the rental real estate portfolio reached ¥59,908 million on a book value basis, up 35.1% from the end of the previous fiscal year. The portfolio’s rental income also reached a level exceeding the combined amount of selling, general and administrative expenses and interest expense.
  17. FY2020-Q2AdvancedAnnual report

    「Amid this business environment, our Group leveraged its expertise in selecting and its track record in enhancing the value of real estate investment opportunities to acquire investment opportunities with the potential to generate sufficient investment returns, and implemented measures to increase rental income from its rental real estate holdings. As a result of these activities, the book value of our Group’s rental real estate portfolio was ¥56,250.021 million, up 26.9% from the end of the previous consolidated fiscal year, and rental income from rental real estate remained at a level exceeding the Group’s selling, general and administrative expenses.」

    The Group acquired investment opportunities and implemented measures to increase rental income. The rental real estate portfolio had a book value of ¥56,250.021 million, up 26.9% from the end of the previous fiscal year. Rental income was also shown to have remained at a level exceeding selling, general and administrative expenses.
  18. FY2020-Q1AdvancedAnnual report

    「Amid this business environment, our Group leveraged its expertise in selecting and its track record in enhancing the value of real estate investment opportunities to acquire investment opportunities with the potential to generate sufficient investment returns, and implemented measures to increase rental income from its rental real estate holdings. As a result of these activities, the book value of our Group’s rental real estate portfolio was ¥48,071.163 million, up 8.4% from the end of the previous consolidated fiscal year, and rental income from rental real estate remained at a level exceeding the Group’s selling, general and administrative expenses.」

    The Group acquired investment opportunities and implemented measures to increase rental income. The rental real estate portfolio had a book value of ¥48,071.163 million, up 8.4% from the end of the previous fiscal year. Rental income remained at a level exceeding selling, general and administrative expenses.
  19. FY2019AdvancedAnnual report

    「Amid this business environment, our Group leveraged its expertise in selecting and its track record in enhancing the value of real estate investment opportunities to acquire investment opportunities with the potential to generate sufficient investment returns, and implemented measures to increase rental income from its rental real estate holdings. In addition, in April 2019, 株式会社東日本不動産, which owns and operates numerous high-quality rental properties in the Tohoku region, became a Group company, further expanding the Group’s overall rental real estate portfolio.」

    The acquisition of investment opportunities, increase in rental income and expansion of the portfolio through making 株式会社東日本不動産 a Group company were demonstrated as full-year results.
  20. FY2019-Q3AdvancedAnnual report

    「Amid this business environment, our Group leveraged its expertise in selecting and its track record in enhancing the value of real estate investment opportunities to acquire investment opportunities with the potential to generate sufficient investment returns (external growth), and expanded its rental real estate portfolio by increasing rental income, a source of stable revenue, from its rental real estate holdings (internal growth). In addition, in April of the current year, 株式会社東日本不動産, which owns and operates numerous high-quality rental properties in the Tohoku region, became a Group company, further expanding the Group’s overall rental real estate portfolio. As a result, the book value of our Group’s rental real estate portfolio was ¥48,600.082 million, up 42.9% from the end of the previous consolidated fiscal year, and rental income, a source of stable revenue, also increased substantially.」

    Progress was made in acquiring investment opportunities through external growth, increasing rental income through internal growth, and expanding the portfolio by making 株式会社東日本不動産 a Group company. The portfolio had a book value of ¥48,600.082 million, up 42.9% from the end of the previous fiscal year.
  21. FY2019-Q2AdvancedAnnual report

    「Amid this business environment, our Group leveraged its expertise in selecting and its track record in enhancing the value of real estate investment opportunities to acquire investment opportunities with the potential to generate sufficient investment returns, and expanded its rental real estate portfolio by increasing stable revenue (rental income) from its rental real estate holdings.」

    The acquisition of investment opportunities using the track record in selecting and enhancing their value, and the expansion of the rental real estate portfolio through higher rental income, were demonstrated as results.
  22. FY2019-Q1RestatedAnnual report

    「We leveraged our expertise in selecting and our track record in enhancing the value of real estate investment opportunities to proceed with acquiring investment opportunities with the potential to generate sufficient investment returns, enhance the value of our rental real estate holdings, and work to increase stable revenue (rental income).」

    The use of the track record in selecting and enhancing the value of investment opportunities and the enhancement of the value of rental real estate holdings continue to be presented.
  23. FY2018-Q3RestatedAnnual report

    「Amid this business environment, our Group proceeded with acquiring investment opportunities with the potential to generate sufficient investment returns while leveraging its expertise in selecting and its track record in enhancing the value of real estate investment opportunities, and enhanced the value of its rental real estate holdings.」

    The use of the track record in selecting and enhancing the value of real estate investment opportunities and the enhancement of the value of rental real estate holdings are reaffirmed.
  24. FY2018-Q2RestatedAnnual report

    「We leveraged our expertise in selecting and our track record in enhancing the value of real estate investment opportunities to work on sourcing investment opportunities with the potential to generate sufficient investment returns, and enhanced the value of our rental real estate holdings.」

    The use of the track record in selecting and enhancing the value of investment opportunities and the enhancement of the value of rental real estate holdings are reaffirmed.
  25. FY2018-Q1RestatedAnnual report

    「We leveraged our expertise in selecting and our track record in enhancing the value of real estate investment opportunities to work on sourcing investment opportunities with the potential to generate sufficient investment returns, and enhanced the value of our rental real estate holdings.」

    The use of the track record in selecting and enhancing the value of investment opportunities and the enhancement of the value of rental real estate holdings are reaffirmed.
  26. FY2017RestatedAnnual report

    「By leveraging our experience in selecting and enhancing the value of real estate investment opportunities,」

    The measure of leveraging experience in selecting investment opportunities and enhancing the value of existing opportunities is reiterated.
  27. FY2017-Q2RestatedAnnual report

    「We enhance the value of existing investment opportunities while leveraging our Group’s expertise in selecting investment opportunities and its track record in enhancing their value,」

    The enhancement of existing investment opportunities and the use of the past track record in selecting and enhancing their value are reiterated.
  28. FY2017-Q1RestatedAnnual report

    「We enhance the value of existing investment opportunities while leveraging our Group’s expertise in selecting investment opportunities and its track record in enhancing their value,」

    The enhancement of existing opportunities and the use of the past track record in selecting and enhancing their value are reiterated.
  29. FY2016RestatedAnnual report

    「We enhance the value of existing investment opportunities while leveraging our Group’s expertise in selecting investment opportunities and its track record in enhancing their value,」

    The enhancement of existing opportunities and the use of the track record in selecting and enhancing the value of investment opportunities continue to be presented.
  30. FY2016-Q3RestatedAnnual report

    「We enhance the value of existing investment opportunities while leveraging our Group’s expertise in selecting investment opportunities and its track record in enhancing their value,」

    The enhancement of existing opportunities and the use of the track record in selecting and enhancing the value of investment opportunities are reiterated as the same measures.
  31. FY2016-Q2First statedAnnual report

    「We enhance the value of existing investment opportunities while leveraging our Group’s expertise in selecting investment opportunities and its track record in enhancing their value,」

    This indicates an approach of enhancing the value of existing opportunities and leveraging the track record of selecting and enhancing the value of opportunities in the past.
Moved together

"Expanding Rental Income Through Proprietary Investment" moved the same way as this thread, in the same document, in 18 of its 37 moves.

1818121098★123456
  1. ★This thread
  2. 1Expanding Rental Income Through Proprietary Investment18×
  3. 2Early establishment of an earnings base less susceptible to real estate market conditions18×
  4. 3Acquisition of real estate trust beneficiary interests through borrowings12×
  5. 4Timely sale of investment properties10×
  6. 5Decline in investment management fees due to lower AUM9×
  7. 6Ongoing, stable dividends guided by DOE of 2.0%8×

★ is this thread; numbers match the list above. The number on a line is how many documents both moved the same way in; lines between the other threads count the documents they moved together in too. Threads that move together often sit closer.

When this could move next
No upcoming earnings preview for First Brothers yet. It last moved in the Earnings presentation materials of 2026-10-09: "Advanced".
News
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Enhancing the value of existing investment opportunities and leveraging our track record in selecting opportunities | First Brothers Co.,Ltd. (3454) | Komori