Converting employee welfare facilities into rental properties to create a new source of earnings
First written in FY2016. 9 of 20 entries say "Restated". Latest entry: FY2023-Q2.
The whole theme swung hardest in 2022: 2 of 19 companies on the "Worse" side.
16 other companies' latest entry also says "Advanced".
- FY2023-Q2AdvancedAnnual report
「② Real estate leasing business: Sales were ¥19 million, up 1.0% year on year, and segment profit (operating profit) was ¥15 million, up 1.2%.」
Sales in the real estate leasing business were ¥19 million and segment profit was ¥15 million, resulting in year-on-year growth in both revenue and profit. - FY2022-Q2RestatedAnnual report
「② Real estate leasing business: Sales were ¥18 million, unchanged year on year, and segment profit (operating profit) was ¥15 million, also unchanged.」
The real estate leasing business continued, recording sales of ¥18 million and segment profit of ¥15 million, broadly in line with the same period of the previous year. - FY2021-Q3RestatedAnnual report
「② Real estate leasing business: Sales were ¥28 million, down 0.3% year on year, and segment profit (operating profit) was ¥22 million, down 0.4%.」
The real estate leasing business continued, recording cumulative first-three-quarter sales of ¥28 million and segment profit of ¥22 million. Sales and profit both declined slightly year on year. - FY2021-Q2Shift to lower revenue and profitAnnual report
「② Real estate leasing business: Sales were ¥18 million, down 0.4% year on year, and segment profit (operating profit) was ¥15 million, down 0.6%.」
The real estate leasing business turned to year-on-year declines in both sales and segment profit. - FY2021-Q1RestatedAnnual report
「② Real estate leasing business: Sales were ¥9 million, up 0.6% year on year, and segment profit (operating profit) was ¥7 million, up 0.8%.」
The real estate leasing business continued, recording sales of ¥9 million and segment profit of ¥7 million. - FY2020-Q3RestatedAnnual report
「② Real estate leasing business: Sales were ¥28 million, up 0.7% year on year, and segment profit (operating profit) was ¥22 million, up 0.8%.」
The real estate leasing business continued, recording cumulative first-three-quarter sales of ¥28 million and segment profit of ¥22 million. - FY2020-Q2AdvancedAnnual report
「② Real estate leasing business Sales were ¥19 million, up 0.8% year on year, and segment profit (operating profit) was ¥15 million, up 1.1%.」
Sales in the real estate leasing business were ¥19 million and segment profit was ¥15 million, marking a return to year-on-year revenue and profit growth. - FY2020-Q1RestatedAnnual report
「② Real estate leasing business Sales were ¥9 million, down 0.2% year on year, and segment profit (operating profit) was ¥7 million, down 0.3%.」
The real estate leasing business continued, recording sales of ¥9 million and segment profit of ¥7 million. - FY2019RestatedAnnual report
「Rental profit from rental real estate for the current consolidated fiscal year was ¥30.243 million.」
The rental real estate converted from employee welfare facilities continues to serve as a source of revenue. Rental profit was ¥30.243 million, slightly below the previous year's ¥30.384 million. - FY2019-Q3RestatedAnnual report
「② Real estate leasing business Sales were ¥28 million, down 0.5% year on year, and segment profit (operating profit) was ¥22 million, down 0.6%.」
The real estate leasing business recorded sales of ¥28 million and segment profit of ¥22 million, both slightly below the same period of the previous year. - FY2019-Q2RestatedAnnual report
「② Real estate leasing business Sales were ¥18 million, down 0.8% year on year, and segment profit (operating profit) was ¥15 million, down 1.0%.」
The real estate leasing business has continued to post sales and segment profit below the same period of the previous year. - FY2019-Q1Declining Revenue and Profit in the Real Estate Leasing BusinessAnnual report
「② Real estate leasing business Sales were ¥9 million, down 1.6% year on year, and segment profit (operating profit) was ¥7 million, down 1.4%.」
Both sales and segment profit in the real estate leasing business were below the same period of the previous year. - FY2018AdvancedAnnual report
「Ⅱ. Real estate leasing business: Sales were ¥37 million, up 4.3% year on year, and segment profit (operating profit) was ¥30 million, up 7.7%.」
Full-year sales in the real estate leasing business were ¥37.994 million and segment profit was ¥30.384 million, both exceeding the same period of the previous year. - FY2018-Q3AdvancedAnnual report
「② Real estate leasing business: Sales were ¥28 million, up 5.9% year on year, and segment profit (operating profit) was ¥22 million, up 8.4%.」
Cumulative sales for the first three quarters of the real estate leasing business were ¥28 million and segment profit was ¥22 million, both exceeding the same period of the previous year. - FY2018-Q2AdvancedAnnual report
「② Real estate leasing business: Sales were ¥19 million, up 7.5% year on year, and segment profit (operating profit) was ¥15 million, up 12.4%.」
Cumulative sales for the first half of the real estate leasing business were ¥19 million and segment profit was ¥15 million, both exceeding the same period of the previous year. - FY2018-Q1RestatedAnnual report
「② Real estate leasing business: Sales were ¥9 million, up 8.8% year on year, and segment profit (operating profit) was ¥7 million, up 8.6%.」
The real estate leasing business recorded sales of ¥9 million and segment profit of ¥7 million in the first quarter, both up from the same period of the previous year. - FY2017-Q3AdvancedAnnual report
「② Real estate leasing business: Sales were ¥26 million, up 341.2% year on year, and segment profit (operating profit) was ¥21 million, up 327.2%.」
Cumulative sales for the first three quarters of the real estate leasing business were ¥26 million and segment profit was ¥21 million, both representing substantial increases from the same period of the previous year. - FY2017-Q2AdvancedAnnual report
「② Real estate leasing business: Sales were ¥17 million, up 330.3% year on year, and segment profit (operating profit) was ¥13 million, up 307.0%.」
Sales in the real estate leasing business were ¥17 million and segment profit was ¥13 million, both representing substantial increases from the same period of the previous year. - FY2017-Q1AdvancedAnnual report
「Sales were ¥8 million, up 328.6% year on year, and segment profit (operating profit) was ¥7 million, up 323.2%.」
Quarterly sales in the real estate leasing business were ¥8 million and segment profit was ¥7 million, both representing substantial increases from the same period of the previous year. - FY2016First statedAnnual report
「The group closed the employee welfare facilities it owned in Kawaguchi, Saitama Prefecture, consisting of company housing and land for company housing, and changed their intended use from employee welfare to rental purposes. Accordingly, from the current consolidated fiscal year, these facilities have been classified as rental real estate (land). Rental profit from rental real estate for the current consolidated fiscal year was ¥10.878 million, with rental revenue recorded as sales and rental expenses recorded as cost of sales.」
The company disclosed for the first time its move to convert employee welfare facilities for rental purposes and actively develop real estate leasing as part of its core business and as a new source of revenue.