Developing the Real Estate Leasing Business into a Key Revenue Business and Establishing It as an Independent Segment
First written in FY2020-Q1. 14 of 15 entries say "Restated". Latest entry: FY2026.
The whole theme swung hardest in 2023: 2 of 9 companies on the "Worse" side.
4 other companies' latest entry also says "Restated".
- FY2026RestatedAnnual report
「The Group consists of segments based on its business areas, with the felt business and the real estate leasing business designated as its 2 reporting segments.」
The company continues to maintain a 2-reporting-segment structure that separates the real estate leasing business from the felt business. - FY2025RestatedAnnual report
「The Group consists of segments based on its business areas, with the felt business and the real estate leasing business designated as its 2 reporting segments.」
The company continues to maintain a 2-reporting-segment structure that separates the real estate leasing business from the felt business. - FY2023RestatedAnnual report
「The Group consists of segments based on its business areas, with the felt business and the real estate leasing business designated as its 2 reporting segments.」
The company continues to maintain a 2-reporting-segment structure that separates the real estate leasing business from the felt business. - FY2023-Q3RestatedAnnual report
「Some tenants in the headquarters building moved in and out, resulting in revenue of ¥444 million, down 0.2% year on year. Occupancy has nevertheless remained high.」
Under a reporting-segment structure that separates the felt business from the real estate leasing business, the company continues to disclose revenue from the real estate leasing business and its high occupancy rate. - FY2023-Q1RestatedAnnual report
「Although the tenant business was affected by weaker office demand as working practices were reassessed during the COVID-19 pandemic, occupancy remained high, and the Group was able to generate stable rental income from its other leased properties and similar assets.」
Under a structure in which the real estate leasing business is treated as a standalone key revenue-generating business and reporting segment, the company continues to disclose high occupancy rates and stable rental income. - FY2022RestatedAnnual report
「The Group consists of segments based on its business areas, with the felt business and the real estate leasing business designated as its 2 reporting segments.」
The company continues to maintain a 2-reporting-segment structure that separates the real estate leasing business from the felt business. - FY2022-Q3RestatedAnnual report
「Rental income increased after the tenant floors in the headquarters building were expanded, resulting in revenue of ¥445 million, up 7.1% year on year.」
Under a reporting-segment structure that separates the felt business from the real estate leasing business, the company continues to disclose the increase in real estate leasing revenue resulting from the expansion of the tenant floors in the headquarters building. - FY2022-Q1RestatedAnnual report
「Revenue was ¥144 million, as tenant revenue increased after the company reduced the number of floors it occupied in its headquarters building and expanded the tenant floors available for lease.」
Under a reporting-segment structure that separates the felt business from the real estate leasing business, the company continues to disclose revenue generated by the real estate leasing business and the resulting increase in revenue from the change in the headquarters building's floor configuration. - FY2021-Q3RestatedAnnual report
「Rental properties that began generating substantial revenue in the current consolidated fiscal year resulted in net sales of ¥415 million, up 18.0% year on year. Segment profit was ¥219 million, up 27.8%.」
Under a reporting-segment structure that separates the felt business from the real estate leasing business, the company continues to disclose the generation of revenue and profit in the real estate leasing business. - FY2021-Q2RestatedAnnual report
「Rental properties that began generating substantial revenue in the current consolidated fiscal year resulted in net sales of ¥277 million, up 20.6% year on year. Segment profit was ¥141 million, up 37.0%.」
Under a reporting-segment structure that separates the felt business from the real estate leasing business, the company continues to disclose revenue generation and performance in the real estate leasing business. - FY2021-Q1RestatedAnnual report
「Revenue was ¥140 million, up 25.5% year on year, as certain rental properties began generating substantial revenue from the first quarter of the current consolidated fiscal period.」
Under a reporting-segment structure that separates the real estate leasing business from the felt business, the company continues to disclose revenue generated by the real estate leasing business in the first quarter. - FY2020RestatedAnnual report
「As real estate rental income became quantitatively significant, the company positioned the real estate rental business as a significant revenue business of the Group and changed its segment classification from the current consolidated fiscal year to “Felt Business” and “Real Estate Rental Business.”」
The company continues to position the real estate rental business as a significant revenue business and as a separate reportable segment from the Felt Business for accounting and disclosure purposes. - FY2020-Q3RestatedAnnual report
「As rental real estate income became quantitatively significant, the company changed its method of accounting from recording rental income as non-operating income and rental expenses as non-operating expenses to recording them as net sales and cost of sales, effective from the first quarter of the current consolidated fiscal year. In conjunction with this change, it also changed its segment classification from the former single segment, “Felt Products and Related Products,” to “Felt Business” and “Real Estate Rental Business” from the first quarter of the current consolidated fiscal year.」
The company continued to disclose in its third-quarter report the changes in the method of recognizing revenue and in reportable segments made in response to the increased significance of real estate rental income. - FY2020-Q2RestatedAnnual report
「As rental real estate income became quantitatively significant, the company changed its method of accounting from recording rental income as non-operating income and rental expenses as non-operating expenses to recording them as net sales and cost of sales, effective from the first quarter of the current consolidated fiscal year. In conjunction with this change, it also changed its segment classification from the former single segment, “Felt Products and Related Products,” to “Felt Business” and “Real Estate Rental Business” from the first quarter of the current consolidated fiscal year.」
The company continued to disclose in its second-quarter report the changes in the method of recognizing revenue and in reportable segments made in response to the increased significance of real estate rental income. - FY2020-Q1First statedAnnual report
「The Group had previously operated as a single segment, “Felt Products and Related Products.” However, as real estate income became quantitatively significant, it positioned the real estate rental business as a significant revenue business of the Group and changed its segment classification from the current consolidated first-quarter accounting period to “Felt Business” and “Real Estate Rental Business.”」
As real estate income became quantitatively significant, the company positioned the real estate rental business as a significant revenue business and changed its reportable segments from a single segment to the Felt Business and Real Estate Rental Business. At the same time, rental income and expenses were reclassified from non-operating income and expenses to net sales and cost of sales.