Lower office occupancy and facility repairs weigh on rental business performance
First written in FY2017-Q2. 13 of 32 entries say "Restated". Latest entry: 2026-11-11.
C.Uyemura & moved to the "Worse" side of this theme in 2026.
3 other companies' latest entry also says "Restated".
- 2026-11-11RestatedResults
「Occupancy rates at the rental office buildings owned by the Company remained firm, but expenses related to major renovation work were recorded for a rental office building in Shin-Osaka. As a result, for the interim consolidated accounting period, net sales were ¥431 million, up 0.5% year on year, while the segment posted a loss of ¥45 million, compared with a segment loss of ¥42 million in the year-earlier period.」
入居率は堅調である一方、大規模修繕工事費用により不動産賃貸事業の損失が継続している。 - FY2027-H1WorsenedAnnual report
「Occupancy rates at the rental office buildings owned by the Company remained firm, but expenses related to major renovation work were recorded for a rental office building in Shin-Osaka. As a result, for the interim consolidated accounting period, net sales were ¥431 million, up 0.5% year on year, while the segment posted a loss of ¥45 million, compared with a segment loss of ¥42 million in the year-earlier period.」
Occupancy rates remained firm, but the segment loss widened to ¥45 million from ¥42 million in the year-earlier period due to major renovation expenses. - 2026-08-07WorsenedResults
「当社が保有する賃貸用オフィスビルの入居率は堅調に推移したことから、売上高は前年同四半期を上回りましたが、新大阪の賃貸用オフィスビルにおいて、大規模修繕工事に伴う費用が発生したことにより、セグメント利益は前年同四半期を下回りました。」
入居率は堅調だった一方、大規模修繕工事費用により不動産賃貸事業の利益が前年同期を下回り、損失となった。 - FY2026WorsenedAnnual report
「At the rental office building in Shin-Osaka, costs related to major repair work were incurred, causing segment profit to fall below the previous consolidated fiscal year. As a result, revenue for the current consolidated fiscal year was ¥860 million, up 3.4% year on year, while the segment recorded a loss of ¥157 million, compared with segment profit of ¥467 million in the previous consolidated fiscal year.」
Costs related to major repair work caused the real estate leasing business to deteriorate from profit of ¥467 million in the previous fiscal year to a loss of ¥157 million. - FY2026-H1WorsenedAnnual report
「At the rental office building in Shin-Osaka, costs related to major repair work were incurred, causing segment profit to fall below the same period of the previous year. As a result, revenue for the current interim consolidated accounting period was ¥429 million, up 3.8% year on year, while the segment recorded a loss of ¥42 million, compared with segment profit of ¥251 million in the same period of the previous year.」
Costs related to major repair work were incurred, causing the real estate leasing business to deteriorate from profit of ¥251 million in the same period of the previous year to a loss of ¥42 million. - FY2025MitigatedAnnual report
「The occupancy rate of our properties, including the rental office building in Shin-Osaka, remained firm. As a result, revenue for the current consolidated fiscal year was ¥832 million, up 0.9% year on year, and segment profit was ¥467 million, up 10.7%.」
Following the decline in performance caused by lower occupancy rates and higher repair expenses in FY2024, occupancy rates at our properties remained firm, and full-year segment profit increased 10.7%. - FY2025-H1MitigatedAnnual report
「The occupancy rate of our properties, including the rental office building in Shin-Osaka, remained firm. As a result, revenue for the current interim consolidated accounting period was ¥414 million, up 1.5% year on year, and segment profit was ¥251 million, down 0.2%.」
Despite the occupancy rate decline reported in the previous fiscal year, the occupancy rate of our properties remained firm, and revenue increased 1.5%. - FY2024WorsenedAnnual report
「In addition to a slight decline in the occupancy rate of our rental office buildings, repair expenses increased, resulting in revenue and segment profit both falling below the previous consolidated fiscal year. As a result, revenue for the current consolidated fiscal year was ¥824 million, down 2.4% year on year, and segment profit was ¥422 million, down 17.9%.」
In addition to the decline in the occupancy rate, repair expenses increased, resulting in revenue from the real estate leasing business falling 2.4% and segment profit falling 17.9%. - FY2024-Q3RestatedAnnual report
「Due to a slight decline in the occupancy rate of our rental office buildings, both revenue and segment profit were lower than in the same quarter of the previous year. As a result, revenue for the cumulative third quarter of the current consolidated fiscal year was ¥617 million, down 2.6% year on year, and segment profit was ¥380 million, down 3.0%.」
The occupancy rate of the office buildings continued to decline, with revenue from the real estate leasing business down 2.6% and segment profit down 3.0%. There was no material change in the nature of the risks from the previous quarter. - FY2024-Q2WorsenedAnnual report
「Due to a slight decline in the occupancy rate of our rental office buildings, both revenue and segment profit were lower than in the same quarter of the previous year. As a result, revenue for the cumulative second quarter of the current consolidated fiscal year was ¥408 million, down 3.4% year on year, and segment profit was ¥251 million, down 3.4%.」
The occupancy rate of the office buildings continued to decline, with revenue and segment profit in the real estate leasing business both down 3.4% year on year. - FY2024-Q1MaterialisedAnnual report
「Due to a slight decline in the occupancy rate of our rental office buildings, both revenue and segment profit were lower than in the same quarter of the previous year. As a result, revenue for the cumulative first quarter of the current consolidated fiscal year was ¥205 million, down 2.8% year on year, and segment profit was ¥126 million, down 5.3%.」
Due to the slight decline in the occupancy rate, revenue from the real estate leasing business fell 2.8% and segment profit fell 5.3%, providing further evidence of deteriorating performance. - FY2023-Q1RestatedAnnual report
「Occupancy remained firm at the leased office building in Shin-Osaka and other properties owned by the Company. As a result, revenue for the cumulative first quarter of the fiscal year was ¥211 million, up 1.6% year on year, and segment profit was ¥133 million, up 4.7%.」
Stable occupancy at properties owned by the Company drove real estate leasing revenue up 1.6% and segment profit up 4.7%. - FY2022MitigatedAnnual report
「In the real estate leasing business, rent revisions at the leased office building in Shin-Osaka resulted in revenue and segment profit both exceeding the previous fiscal year. As a result, revenue for the fiscal year was ¥834 million, up 3.7% year on year, and segment profit was ¥503 million, up 10.7%.」
Rent revisions drove real estate leasing revenue up 3.7% and segment profit up 10.7%, continuing the recovery from the performance decline caused by past repair expenses and other factors. - FY2022-Q3RestatedAnnual report
「At the leased office building in Shin-Osaka, rent revisions caused both revenue and segment profit to exceed the levels of the same quarter of the previous year. As a result, revenue for the cumulative third quarter of the fiscal year was ¥628 million, up 3.8% year on year, and segment profit was ¥383 million, up 10.1%.」
Rent revisions drove real estate leasing revenue up 3.8% and segment profit up 10.1%, with the improvement continuing. - FY2022-Q2RestatedAnnual report
「At the leased office building in Shin-Osaka, rent revisions caused both revenue and segment profit to exceed the levels of the same quarter of the previous year. As a result, revenue for the cumulative second quarter of the fiscal year was ¥418 million, up 3.4% year on year, and segment profit was ¥253 million, up 10.6%.」
Rent revisions drove real estate leasing revenue up 3.4% and segment profit up 10.6%, with the improvement continuing. - FY2022-Q1RestatedAnnual report
「At the leased office building in Shin-Osaka, rent revisions caused both revenue and segment profit to exceed the levels of the same quarter of the previous year. As a result, revenue for the cumulative first quarter of the fiscal year was ¥207 million, up 3.1% year on year, and segment profit was ¥127 million, up 7.4%.」
Rent revisions drove real estate leasing revenue up 3.1% and segment profit up 7.4%, with the improvement continuing. - FY2021-Q3RestatedAnnual report
「At the leased office building in Shin-Osaka, rent revisions caused both revenue and segment profit to exceed the levels of the same quarter of the previous year. As a result, revenue for the cumulative third quarter of the fiscal year was ¥605 million, up 5.0% year on year, and segment profit was ¥347 million, up 12.5%.」
Rent revisions drove real estate leasing revenue up 5.0% and segment profit up 12.5%, with the improvement continuing. - FY2021-Q1RestatedAnnual report
「At the leased office building in Shin-Osaka, rent revisions caused both revenue and segment profit to exceed the levels of the same quarter of the previous year.」
Rent revisions continued to keep revenue and segment profit in the real estate leasing business above the levels of the same quarter of the previous year. - FY2020-Q3MitigatedAnnual report
「At the leased office building in Shin-Osaka, rent revisions caused both revenue and segment profit to exceed the levels of the same quarter of the previous year. As a result, revenue for the cumulative third quarter of the fiscal year was ¥577 million, up 4.7% year on year, and segment profit was ¥309 million, up 48.9%.」
Rent revisions drove real estate leasing revenue up 4.7% and segment profit up 48.9%. - FY2020-Q2RestatedAnnual report
「At the leased office building in Shin-Osaka, improved occupancy caused both revenue and segment profit to exceed the levels of the same quarter of the previous year. As a result, revenue for the cumulative second quarter of the fiscal year was ¥383 million, up 6.1% year on year, and segment profit was ¥204 million, up 84.9%.」
Improved occupancy drove real estate leasing revenue up 6.1% and segment profit up 84.9%, with the improvement continuing. - FY2020-Q1MitigatedAnnual report
「At the leased office building in Shin-Osaka, improved occupancy caused both revenue and segment profit to exceed the levels of the same quarter of the previous year.」
Improved occupancy drove revenue and segment profit above the levels of the same quarter of the previous year, despite the continuing impact of major renovation costs through the previous quarter. - FY2019-Q3MitigatedAnnual report
「At the leased office building in Shin-Osaka, improved occupancy caused revenue to exceed the level of the same quarter of the previous year, but increased costs associated with major renovations caused segment profit to fall below the previous year's level. As a result, revenue for the cumulative third quarter of the fiscal year was ¥551 million, up 1.7% year on year, and segment profit was ¥207 million, down 33.2%.」
Improved occupancy increased revenue, and although profit continued to decline, the year-on-year rate of decline narrowed from 46.6% to 33.2%. The impact of major renovation costs remained. - FY2019-Q2WorsenedAnnual report
「At the leased office building in Shin-Osaka, costs associated with major renovations increased, causing both revenue and segment profit to fall below the levels of the same quarter of the previous year. As a result, revenue for the cumulative second quarter of the fiscal year was ¥361 million, down 0.2% year on year, and segment profit was ¥110 million, down 46.6%.」
In the real estate leasing business, which had been improving through higher occupancy and other factors, increased major renovation costs caused segment profit to decline 46.6% year on year. - FY2019-Q1MaterialisedAnnual report
「At leased office buildings, the free-rent period offered to new tenants caused both revenue and segment profit to fall below the levels of the same quarter of the previous year.」
In the real estate leasing business, which had been improving due to higher occupancy and expense reductions, revenue and segment profit fell below the levels of the same quarter of the previous year because of the impact of free-rent periods for new tenants. - FY2018RestatedAnnual report
「In the real estate leasing business, improved occupancy at leased office buildings and efforts to reduce expenses resulted in revenue and segment profit both exceeding the previous fiscal year.」
Improvement in the real estate leasing business continued for the full year, driven by higher occupancy and expense reductions. - FY2018-Q3RestatedAnnual report
「Improved office occupancy and efforts to reduce expenses led to both revenue and segment profit exceeding the levels of the same quarter of the previous year. As a result, revenue for the cumulative third quarter of the fiscal year was ¥541 million, up 1.4% year on year, and segment profit was ¥310 million, up 4.5%.」
Improved occupancy and expense reductions continued to keep revenue and segment profit in the real estate leasing business above the levels of the same quarter of the previous year. - FY2018-Q2RestatedAnnual report
「As office building occupancy improved and the Group worked to reduce expenses, both net sales and segment income exceeded the same period of the previous year.」
Improved office occupancy and expense reductions continued to keep revenue and segment profit in the real estate leasing business above the levels of the same quarter of the previous year. - FY2018-Q1MitigatedAnnual report
「Improved office occupancy and efforts to reduce expenses led to increases in both revenue and segment profit compared with the same quarter of the previous year.」
Improved office occupancy and expense reductions drove revenue and segment profit in the real estate leasing business above the levels of the same quarter of the previous year. - FY2017-Q3RestatedAnnual report
「The slight decline in office occupancy caused both revenue and segment profit to fall below the levels of the same quarter of the previous year.」
The decline in office occupancy continued, causing revenue and segment profit in the leasing business to fall below the levels of the same quarter of the previous year. - FY2017-Q2First statedAnnual report
「Office occupancy declined slightly, and facility repairs were carried out. As a result, both revenue and segment profit fell below the levels of the same quarter of the previous year.」
Lower office occupancy and facility repairs caused revenue and segment profit in the real estate leasing business to fall below the levels of the same quarter of the previous year.