Risk of revenue concentration in the House Leaseback business and reliance on fund sales
First written in FY2019. 11 of 17 entries say "Restated". Latest entry: 2026-08-21.
&Do Holdings moved to the "Worse" side of this theme in 2026.
0 other companies' latest entry also says "Worsened".
- FY2026-H1RestatedAnnual report
「During the interim consolidated accounting period, there were no new business or other risks and no material changes to the business or other risks described in the annual securities report for the previous fiscal year.」
The company states that there has been no new occurrence or material change concerning revenue concentration in the House Leaseback business or the risk of dependence on sales to funds. - FY2025-H1RestatedAnnual report
「During the interim consolidated accounting period, there were no new business or other risks and no material changes to the business or other risks described in the annual securities report for the previous fiscal year.」
The company states that there has been no new occurrence or material change concerning revenue concentration in the House Leaseback business or the risk of dependence on sales to funds. - FY2024-Q3RestatedAnnual report
「During the cumulative third-quarter period, there were no new business or other risks, nor any material changes to the business and other risks described in the annual securities report for the previous fiscal year.」
The company states that there has been no new occurrence or material change concerning revenue concentration in the House Leaseback business or the risk of dependence on sales to funds. - FY2024-Q2RestatedAnnual report
「During the cumulative second quarter of the current consolidated fiscal year, there were no new business or other risks, nor any material changes to the business or other risks described in the annual securities report for the previous fiscal year.」
The company states that there has been no new occurrence or material change concerning revenue concentration in the House Leaseback business or the risk of dependence on sales to funds. - FY2023RestatedAnnual report
「Revenue from the House Leaseback business was ¥22,226 million in the fiscal year ended June 2023, accounting for 44.9% of total revenue. Because revenue generated by the scheme of securitizing House Leaseback assets and selling them to funds accounts for a high proportion of revenue, if, for any reason, including changes in the financial markets or market conditions, the assets cannot be sold to funds, the Group can continue to hold them and earn rental income as income-producing real estate, but this may affect the Group's operating performance and financial position.」
The House Leaseback business generated revenue of ¥22,226 million, accounting for 44.9% of total revenue. The revenue structure's high dependence on sales to funds and the impact on operating performance and financial position if assets cannot be sold continue to be disclosed. - FY2023-Q2RestatedAnnual report
「During the cumulative second quarter of the current consolidated fiscal year, there were no new business or other risks, nor any material changes to the business or other risks described in the annual securities report for the previous fiscal year.」
The disclosure states comprehensively that there has been no new occurrence or material change concerning revenue concentration in the House Leaseback business or the risk of dependence on sales to funds. - FY2022-Q3RestatedAnnual report
「During the cumulative third-quarter period, there were no new business or other risks, nor any material changes to the business and other risks described in the annual securities report for the previous fiscal year.」
The disclosure states comprehensively that there has been no new occurrence or material change concerning revenue concentration in the House Leaseback business or the risk of dependence on sales to funds. - FY2022-Q1RestatedAnnual report
「During the cumulative first quarter of the fiscal year, there were no new business or other risks, nor any material changes to the business or other risks described in the securities report for the previous fiscal year.」
The disclosure states comprehensively that there has been no new occurrence or material change concerning revenue concentration in the House Leaseback business or the risk of dependence on sales to funds. - FY2021MitigatedAnnual report
「Revenue from the House Leaseback business was ¥13,323 million in the fiscal year ended June 2021, accounting for 34.1% of total revenue. Because revenue generated by the scheme of securitizing House Leaseback assets and selling them to funds accounts for a high proportion of revenue, if, for any reason, including changes in the financial markets or market conditions, the assets cannot be sold to funds, the Group can continue to hold them and earn rental income as income-producing real estate, but this may affect the Group's operating performance and financial position.」
Because the House Leaseback business's share of revenue declined from 46.2% in the previous fiscal year to 34.1%, revenue concentration eased. At the same time, the revenue structure's dependence on sales to funds and the impact if assets cannot be sold continue to be disclosed. - FY2020WorsenedAnnual report
「Revenue from the House Leaseback business was ¥15,201 million in the fiscal year ended June 2020, accounting for 46.2% of total revenue. The main factors behind the improvement in operating performance were an increase in the number of transactions driven by strong demand for funds and the scheme of securitizing House Leaseback assets and selling them to funds. If, for any reason, including changes in the financial markets or market conditions, the assets cannot be sold to funds,」
The House Leaseback business's share of revenue rose from 44.3% to 46.2% year on year. The dependence on sales to funds and the impact on operating performance and financial position if assets cannot be sold continue to be disclosed as risks. - FY2020-Q3RestatedAnnual report
「During the cumulative third-quarter period, there were no new business or other risks, nor any material changes to the business and other risks described in the annual securities report for the previous fiscal year.」
The disclosure states comprehensively that there has been no new occurrence or material change concerning revenue concentration in the House Leaseback business or the risk of dependence on sales to funds. - FY2020-Q2RestatedAnnual report
「During the cumulative second quarter of the current consolidated fiscal year, there were no new business or other risks, nor any material changes to the business or other risks described in the annual securities report for the previous fiscal year.」
The disclosure states comprehensively that there has been no new occurrence or material change concerning revenue concentration in the House Leaseback business or the risk of dependence on sales to funds. - FY2020-Q1RestatedAnnual report
「During the cumulative first quarter of the fiscal year, there were no new business or other risks, nor any material changes to the business or other risks described in the securities report for the previous fiscal year.」
The disclosure states comprehensively that there has been no new occurrence or material change concerning revenue concentration in the House Leaseback business or the risk of dependence on sales to funds. - FY2019First statedAnnual report
「Revenue from the House Leaseback business was ¥5,709 million in the fiscal year ended June 2018, accounting for 25.4% of total revenue. In the fiscal year ended June 2019, revenue was ¥13,989 million, up 145.0% year on year and accounting for 44.3% of total revenue. The main factors behind the improvement in operating performance were an increase in the number of transactions driven by strong demand for funds and the establishment of a scheme to securitize House Leaseback assets and sell them to funds. If, for any reason, including changes in the financial markets or market conditions, the assets cannot be sold to funds, the Group can continue to hold them and earn rental income as income-producing real estate, but this may affect the Group's operating performance and financial position.」
With revenue from the House Leaseback business rising to 44.3% of total revenue, the impact on operating performance and financial position if assets cannot be sold to funds was disclosed as a separate risk for the first time.