Risk of Declining Rental Income Due to Tenant Departures
First written in FY2017. 3 of 8 entries say "Mitigated", first in FY2021-Q2. Latest entry: FY2025-H1.
3 other companies' latest entry also says "Mitigated".
- FY2025-H1MitigatedAnnual report
「The real estate business reported net sales of ¥192 million (4.0% of total sales), broadly in line with the same period of the previous year (down 0.7% year on year).」
The decline in real estate revenue was limited to 0.7% year on year, and the impact of lower rents due to the increase in people working from home and other factors identified in the previous period has diminished. - FY2023-Q3MaterialisedAnnual report
「Real estate business sales decreased 3.4% year on year to ¥286 million, or 4.5% of total sales, mainly due to lower rents resulting from an increase in people working from home in the headquarters tenant building.」
In connection with the risk of lower rental revenue due to tenant departures and other factors, lower rents resulting from the increase in people working from home and a 3.4% decline in real estate revenue materialised in the results. - FY2021-Q3MitigatedAnnual report
「In the real estate business, rental income from tenants in the headquarters building was not affected by moves to reduce office space as working from home and other arrangements became more widespread, while electricity sales revenue from the solar power generation equipment in Toyota was also stable. As a result, sales increased 1.0% year on year to ¥309 million, or 5.5% of total sales.」
The impact of reduced office space due to working from home did not appear in rental revenue, and electricity sales revenue from solar power generation also remained stable. Revenue from the real estate business increased by 1.0% year on year. - FY2021-Q2MitigatedAnnual report
「In the real estate business, rental income from tenants in the headquarters building was not affected by moves to reduce office space as working from home and other arrangements became more widespread, while electricity sales revenue from the solar power generation equipment in Toyota was also stable. As a result, sales were ¥210 million, or 5.7% of total sales, almost unchanged from the same quarter a year earlier.」
The expansion of working from home did not affect rental revenue through reduced office space, and the risk of lower rental revenue due to tenant departures and other factors did not materialise during the quarter. - FY2019RestatedAnnual report
「The Group generates part of its revenue from its real estate business, but a decline in revenue from leased buildings due to tenant departures or other factors could affect profit or loss.」
Although full-year revenue from the real estate business increased slightly, the risk of lower rental revenue due to tenant departures and other factors remains disclosed as a risk item. - FY2019-Q3MaterialisedAnnual report
「Real estate business sales decreased 1.1% year on year to ¥297 million, or 4.2% of total sales, due to temporary effects including tenant turnover.」
In connection with the previously identified risk of lower rental revenue due to tenant departures and other factors, a temporary decline in real estate revenue due to tenant turnover and other factors actually occurred. - FY2018RestatedAnnual report
「The Group generates part of its revenue from its real estate business, but a decline in revenue from leased buildings due to tenant departures or other factors could affect profit or loss.」
The Group has reiterated the risk of lower real estate revenue due to tenant departures and other factors affecting leased buildings. - FY2017First statedAnnual report
「The Group generates part of its revenue from its real estate business, but a decline in revenue from leased buildings due to tenant departures or other factors could affect profit or loss.」
The Group has identified as a risk the possibility that declining revenue from leased buildings due to tenant departures or other factors could affect profit or loss in its real estate business.