Building a New Earnings Base Through the Rental Development Business
First written in FY2022. 7 of 14 entries say "Advanced", first in FY2023-Q1. Latest entry: FY2027-H1.
The whole theme swung hardest in 2025: 4 of 30 companies on the "Worse" side.
6 other companies' latest entry also says "Other".
- FY2027-H1Sales progress also led to lower profit following price revisions.Annual report
「As a result of these efforts, revenue for the interim consolidated accounting period was ¥1,565 million, up 17.5% year on year. However, after revising sales prices in light of current market conditions, segment profit was ¥131 million, down 39.2%.」
In the rental development business, revenue rose 17.5% year on year, while segment profit declined 39.2% following sales price revisions reflecting market conditions. - FY2026Deteriorating Profitability Due to Shortfalls in the Property Sales PlanAnnual report
「Despite these efforts, sales of properties scheduled for the fiscal year did not proceed as planned because of the impact of higher costs driven by rising land and construction costs, as well as a narrowing yield differential from higher interest rates and other factors. As a result, revenue for the fiscal year was ¥1,385 million, down 70.3% from the previous fiscal year, and segment profit was ¥119 million, down 83.1%.」
In the rental development business, sales of scheduled properties did not proceed as planned against a backdrop of higher costs and a narrowing yield differential resulting from higher interest rates and other factors, causing revenue and segment profit to decline significantly. - 2026-04-14WorsenedEarnings
「土地代・建築費の上昇に伴う原価高騰や金利上昇による他の金融商品との利回り差縮小等の影響を受け、当連結会計年度に予定していた物件の販売が計画通りに進まなかったことにより、当連結会計年度における売上高は1,385百万円(前期比70.3％減)、セグメント利益は119百万円(前期比83.1％減)となりました。」
賃貸開発事業では、原価高騰や金利上昇等を背景に販売が計画どおり進まず、売上高・セグメント利益が大幅に減少した。 - FY2026-H1Property sales and deliveries pushed back to the second halfAnnual report
「Because the sale and delivery of properties scheduled for the first half were pushed back to the second half, revenue for the interim consolidated accounting period was ¥1,332 million, down 42.8% year on year, and segment profit was ¥217 million, down 33.9%.」
In the rental development business, the sale and delivery of scheduled properties were pushed back to the second half, causing interim revenue and segment profit to fall below the year-earlier levels. - FY2025-H1RestatedAnnual report
「Deliveries of this fiscal year's properties are planned to be concentrated in the second half, whereas deliveries in the previous fiscal year were concentrated in the first half. As a result, revenue for the interim consolidated accounting period was ¥2,331 million, down 37.4% year on year, and segment profit was ¥328 million, down 45.5%.」
Reaffirming the plan to concentrate rental development deliveries in the second half and the resulting year-on-year declines in interim revenue and profit. - FY2025-Q1Quarterly earnings impact from the concentration of deliveries in the second halfAnnual report
「Deliveries of this fiscal year's properties are planned to be concentrated in the second half, whereas deliveries in the previous fiscal year were concentrated in the first half. As a result, revenue for the cumulative first quarter was ¥98 million, down 96.2% year on year, and the segment loss was ¥39 million, a decrease of ¥500 million year on year.」
In the rental development business, revenue and profit in the first quarter fell significantly below the year-earlier levels because deliveries are planned to be concentrated in the second half. - FY2024AdvancedAnnual report
「As a result of these activities, active sales activities enabled us to secure sales exceeding plan. Revenue for the fiscal year was ¥5,052 million, up 28.7% year on year, and segment profit was ¥750 million, up 79.1%.」
Full-year sales in the rental development business exceeded plan, resulting in revenue of ¥5,052 million and segment profit of ¥750 million. - FY2024-Q3AdvancedAnnual report
「As a result of these activities, deliveries of properties contracted in the previous fiscal year were concentrated in the first quarter, and active sales activities enabled us to secure sales beyond plan. Revenue for the cumulative third quarter was ¥4,290 million, up 9.8% year on year, and segment profit was ¥684 million, up 41.4%.」
The rental development business secured sales beyond plan, recording revenue of ¥4,290 million and segment profit of ¥684 million. - FY2024-Q2AdvancedAnnual report
「As a result of these activities, deliveries of properties contracted in the previous fiscal year were concentrated in the cumulative first quarter, while sales activities during the cumulative second quarter also exceeded plan. Accordingly, revenue for the cumulative second quarter was ¥3,726 million, up 121.3% year on year, and segment profit was ¥602 million, up 168.5%.」
Sales activities in the rental development business exceeded plan, resulting in revenue of ¥3,726 million and segment profit of ¥602 million. - FY2024-Q1AdvancedAnnual report
「As a result of these activities, deliveries of properties contracted in the previous fiscal year were concentrated in the first quarter. Revenue for the cumulative first quarter was ¥2,635 million, up 450.4% year on year, and segment profit was ¥460 million, an increase of ¥439 million year on year.」
In the rental development business, deliveries of properties contracted in the previous fiscal year were concentrated in the first quarter, resulting in revenue of ¥2,635 million and segment profit of ¥460 million. - FY2023-Q3AdvancedAnnual report
「During the cumulative third quarter, we focused on sales activities, primarily developing relationships with affluent customer divisions at financial institutions, such as private banking and wealth advisory departments, and major brokerage firms closely connected with those divisions. We also worked to strengthen relationships with independent financial advisers (IFAs) and real estate consultants serving large landowners in regional areas. As a result, business generally performed well, with repeat orders secured and sales exceeding plan.」
We secured repeat orders by developing and strengthening relationships with referral sources serving affluent customers, and sales exceeded plan. Revenue of ¥3,908 million and segment profit of ¥483 million were also recorded. - FY2023-Q2AdvancedAnnual report
「Business performed well, including the early sale of properties originally scheduled for sale from the third quarter onward.」
The rental development business recorded revenue of ¥1,684 million and segment profit of ¥224 million, including sales completed ahead of schedule. - FY2023-Q1AdvancedAnnual report
「During the cumulative first quarter, we focused on sales activities, primarily developing relationships with affluent customer divisions at financial institutions, such as private banking and wealth advisory departments, and major brokerage firms closely connected with those divisions. We also worked to strengthen relationships with independent financial advisers (IFAs) and real estate consultants serving large landowners in regional areas.」
In the rental development business, we advanced sales activities and developed referral channels, recording revenue of ¥478 million and segment profit of ¥20 million during the quarter. - FY2022First statedAnnual report
「In the rental development business, which began in October 2020, we will work to build a new earnings base for the Company.」
A business that acquires land near stations in the Jonan and Josai areas for affluent customers and develops and sells high-value-added apartments.