Postponement of Real Estate Sales and Dependence on Rental Income
First written in FY2017-Q1. 23 of 37 entries say "Restated". Latest entry: FY2026.
The whole theme swung hardest in 2026: 4 of 42 companies on the "Worse" side.
34 other companies' latest entry also says "Advanced".
- FY2026AdvancedAnnual report
「The company completed the sale of properties held, seeking to liquidate assets and improve its financial position, while also recognizing rental income from the properties held. As a result, revenue was ¥824 million (revenue of ¥8 million in the previous year), and segment profit (operating profit) was ¥428 million (a segment loss (operating loss) of ¥5 million in the previous year).」
Having previously generated only rental income, the company completed the sale of two properties. It recorded revenue of ¥824 million and segment profit of ¥428 million, advancing asset securitization and improving its financial position. - FY2026-H1RestatedAnnual report
「As only rental income was recognized as revenue, revenue was ¥5 million. The segment recorded a loss (operating loss) of ¥8 million.」
No proceeds from the sale of real estate held for sale were recognized, and operations continued to rely solely on rental income. - FY2025RestatedAnnual report
「As only rental income was recognized as revenue, revenue was ¥8 million. The segment recorded a loss (operating loss) of ¥5 million.」
Operations continued to recognize only rental income rather than proceeds from the sale of real estate held for sale. - FY2024RestatedAnnual report
「Revenue was ¥78 million (¥10 million in the previous year, up 635.2%) due to the sale of real estate held for sale, but the segment recorded a loss (operating loss) of ¥2 million (segment loss of ¥17 million in the previous year).」
Sales of real estate held for sale, which had resumed by the previous quarter, were also recorded for the full year. Revenue increased, but the segment remained loss-making. - FY2024-Q3RestatedAnnual report
「Revenue was ¥76 million (¥3 million in the same quarter of the previous year, up 2,092.7%) due to the sale of real estate held for sale. The segment recorded a loss (operating loss) of ¥2 million (segment loss of ¥8 million in the same quarter of the previous year).」
Operations recording sales of real estate held for sale continued following the previous quarter. Revenue increased, but the segment remained loss-making. - FY2024-Q2RestatedAnnual report
「Revenue was ¥75 million (¥2 million in the same quarter of the previous year, up 3,199.4%) due to the sale of real estate held for sale. Segment profit (operating profit) was ¥0.5 million (a segment loss of ¥6 million in the same quarter of the previous year).」
Sales of real estate held for sale, which resumed in the previous quarter, continued, resulting in revenue of ¥75 million and segment profit of ¥0.5 million. - FY2024-Q1Resumption of sales of real estate held for saleAnnual report
「Revenue was ¥73 million (¥1 million in the same quarter of the previous year, up 6,337.0%) due to the sale of real estate held for sale. Segment profit (operating profit) was ¥2 million (a segment loss of ¥2 million in the same quarter of the previous year).」
In the real estate business, which had recognized only rental income through the previous fiscal year, proceeds from the sale of real estate held for sale were recognized again. - FY2023RestatedAnnual report
「Because it was important to identify the right time to sell the real estate held for sale, sales were deferred during the fiscal year. As a result, only rental income was recognized, and revenue was ¥10 million (¥51 million in the previous year, down 79.3%).」
Sales of real estate held for sale were deferred, and full-year operations continued to recognize only rental income. - FY2023-Q3RestatedAnnual report
「As only rental income was recognized, revenue was ¥3 million (¥5 million in the same quarter of the previous year, down 36.3%). The segment recorded a loss (operating loss) of ¥8 million (segment loss of ¥13 million in the same quarter of the previous year).」
No proceeds from the sale of real estate held for sale were recorded, and the real estate business continued to recognize only rental income. - FY2023-Q2RestatedAnnual report
「As only rental income was recognized, revenue was ¥2 million (¥4 million in the same quarter of the previous year, down 46.2%). The segment recorded a loss (operating loss) of ¥6 million (segment loss of ¥10 million in the same quarter of the previous year).」
No proceeds from the sale of real estate held for sale were recorded, and the real estate business continued to rely solely on rental income. - FY2023-Q1RestatedAnnual report
「As only rental income was recognized, revenue was ¥1 million (¥2 million in the same quarter of the previous year, down 61.6%).」
No proceeds from the sale of real estate held for sale were recognized, and real estate operations continued to rely solely on rental income. - FY2022-Q3RestatedAnnual report
「As only rental income was recognized, revenue was ¥5 million (¥178 million in the same quarter of the previous year, down 96.9%). The segment recorded a loss (operating loss) of ¥13 million (segment profit of ¥23 million in the same quarter of the previous year).」
No proceeds from the sale of real estate held for sale were recognized, and the real estate business continued to rely solely on rental income. - FY2022-Q2RestatedAnnual report
「As the sales transaction had been completed in the previous fiscal year, only rental income was recognized, resulting in revenue of ¥4 million (¥107 million in the same quarter of the previous year, down 96.1%).」
After the sales transaction was completed in the previous fiscal year, the real estate business continued to recognize only rental income during the quarter. - FY2022-Q1Rental income only after sales transactions were completedAnnual report
「As the sales transaction had been completed in the previous fiscal year, only rental income was recognized, resulting in revenue of ¥2 million (¥4 million in the same quarter of the previous year, down 38.7%).」
Operations shifted from including proceeds from the sale of real estate held for sale through the previous fiscal year to recognizing only rental income after completion of the sales transaction. - FY2021RestatedAnnual report
「Revenue was ¥185 million due to proceeds from the sale of real estate held for sale and other sources. Segment profit (operating profit) was ¥23 million.」
Following the second and third quarters, full-year operations including proceeds from the sale of real estate held for sale were confirmed. - FY2021-Q3RestatedAnnual report
「Following the third quarter of the second quarter, proceeds from the sale of real estate held for sale and other revenue were also recorded in the third quarter, bringing revenue to ¥178 million.」
Following the second quarter, third-quarter operations continued to combine sales of real estate held for sale with rental income. - FY2021-Q2Shift from rental-income-led operations to proceeds from real estate salesAnnual report
「Real estate business Revenue from sales of real estate held for sale and other sources totaled ¥107 million. Segment profit (operating profit) was ¥10 million.」
In the real estate business, which had relied solely on rental income through the previous quarter, proceeds from the sale of real estate held for sale were recognized again. - FY2021-Q1RestatedAnnual report
「Real estate business As only rental income was recognized, revenue was ¥4 million. Segment profit (operating profit) was ¥0.2 million.」
No proceeds from the sale of real estate held for sale were recognized, and real estate operations continued to rely solely on rental income. - FY2020AdvancedAnnual report
「This was due to the recognition of a ¥32 million gain on reversal of asset retirement obligations following the change in the intended use of buildings owned by the company, from property, plant and equipment to real estate held for sale.」
While only rental income continued to be recognized, the intended use of owned buildings was changed from property, plant and equipment to real estate held for sale, giving concrete form to asset restructuring based on an assumed sale. - FY2020-Q3RestatedAnnual report
「As only rental income was recognized during the nine months ended the third quarter, revenue was ¥16 million (¥315 million in the same quarter of the previous year, down 94.7%). Segment profit (operating profit) was ¥4 million (segment profit of ¥185 million in the same quarter of the previous year).」
Following the previous quarter, no proceeds from the sale of real estate held for sale were recorded, and only rental income continued to be recognized. - FY2020-Q2From sales proceeds back to rental income onlyAnnual report
「As only rental income was recognized during the six months ended the second quarter, revenue was ¥11 million (¥309 million in the same quarter of the previous year, down 96.3%).」
No proceeds from the sale of real estate held for sale, which had been recognized in the previous fiscal year and previous quarter, were recorded during the quarter; only rental income was recognized. - FY2020-Q1RestatedAnnual report
「At the end of the first quarter, current assets had decreased by ¥61 million from the end of the previous fiscal year to ¥1,504 million. The main reason was a decrease in real estate held for sale following the sale of part of the portfolio, with the difference between the sale proceeds and cost recognized for accounting purposes as other non-operating income.」
The conventional model combining sales, including large property sales, with rental operations continued, and part of the real estate held for sale was sold during the quarter. - FY2019RestatedAnnual report
「Revenue from the sale of large real estate properties held for sale, rental income and other sources totaled ¥322 million (¥224 million in the previous year, up 43.3%), while segment profit (operating profit) was ¥188 million (segment profit of ¥37 million in the previous year).」
Full-year operations combining proceeds from the sale of large real estate properties held for sale with rental income continued, and revenue and segment profit exceeded the previous year. - FY2019-Q3RestatedAnnual report
「In addition to rental income, proceeds from the sale of large real estate properties held for sale and other revenue were recognized during the nine months ended the third quarter. Revenue was ¥315 million (¥219 million in the same quarter of the previous year, up 43.7%), and segment profit (operating profit) was ¥185 million (segment profit of ¥35 million in the same quarter of the previous year).」
Operations including proceeds from the sale of large real estate properties held for sale continued, and revenue and segment profit exceeded the previous year. - FY2019-Q2AdvancedAnnual report
「Revenue was ¥309 million (¥178 million in the same quarter of the previous year, up 73.7%) due to the recognition of proceeds from the sale of a large real estate property held for sale and other revenue. Segment profit (operating profit) was ¥184 million (segment profit of ¥28 million in the same quarter of the previous year).」
Proceeds from the sale of large real estate properties held for sale continued to be recognized, resulting in substantial year-on-year increases in revenue and segment profit. - FY2019-Q1AdvancedAnnual report
「Revenue was ¥304 million (¥41 million in the same quarter of the previous year, up 638.0%) due to the recognition of proceeds from the sale of a large real estate property held for sale that had been a focus of the business. Segment profit (operating profit) was ¥186 million (segment profit of ¥25 million in the same quarter of the previous year, up 630.5%).」
The business progressed from continuing its conventional sales of real estate held for sale to recognizing proceeds from the sale of a large property that had been a focus, resulting in a substantial increase in revenue and segment profit. - FY2018RestatedAnnual report
「Although there was revenue from sales of real estate held for sale, rental income and other sources, revenue was ¥224 million (¥499 million in the previous year, down 55.0%), and segment profit (operating profit) was ¥37 million (segment profit of ¥174 million in the previous year).」
Operations combining sales revenue from real estate held for sale with rental income continued, but full-year revenue and profit were below the previous year. - FY2018-Q3AdvancedAnnual report
「During the third quarter, the company sold real estate held for sale on favorable terms and secured sales proceeds, although the amount was not large. Revenue was ¥219 million (¥14 million in the same quarter of the previous year, up 1,431.8%), and segment profit (operating profit) was ¥35 million (a segment loss of ¥2 million in the same quarter of the previous year).」
The sale of real estate held for sale on favorable terms secured sales proceeds, advancing the business toward recognizing revenue and segment profit. - FY2018-Q2RestatedAnnual report
「Following the first quarter, revenue from the sale of real estate held for sale was also recorded in the second quarter, bringing revenue to ¥178 million (¥9 million in the same quarter of the previous year, up 1,727.4%).」
Following the first quarter, revenue from sales of real estate held for sale was recognized again, and operations including sales revenue continued instead of relying solely on rental income. - FY2018-Q1RestatedAnnual report
「Revenue was ¥41 million (¥4 million in the same quarter of the previous year, up 746.2%) due to revenue from the sale of real estate held for sale.」
Revenue from sales of real estate held for sale continued to be recognized, as in the previous fiscal year, and the real estate business continued to operate with sales included. - FY2017AdvancedAnnual report
「Revenue from sales of real estate held for sale, rental income and other sources totaled ¥499 million (¥1,047 million in the previous year, down 52.3%), while segment profit (operating profit) was ¥174 million (segment profit of ¥489 million in the previous year).」
The business progressed from postponing sales due to unprepared sales conditions and relying solely on rental income to recognizing revenue from sales of real estate held for sale. - FY2017-Q3RestatedAnnual report
「As sales conditions were not in place by the third quarter, the sale of real estate held for sale was deferred until the fourth quarter or later. Revenue therefore consisted solely of rental income and was ¥14 million (¥442 million in the same quarter of the previous year, down 96.7%).」
As sales conditions were not in place, the sale of real estate held for sale was carried over to the fourth quarter or later, and only rental income was recognized. - FY2017-Q2RestatedAnnual report
「As sales conditions were still not in place during the second quarter, the sale of real estate was postponed again. Revenue consisted solely of rental income and was ¥9 million (¥437 million in the same quarter of the previous year, down 97.7%).」
As sales conditions were not in place, the sale of real estate was postponed again and only rental income was recognized. - FY2017-Q1First statedAnnual report
「As the sale of real estate was postponed during the first quarter, revenue consisted solely of rental income and was ¥4 million (¥187 million in the same quarter of the previous year, down 97.3%).」
The sale of real estate was postponed, and only rental income was recognized during the quarter.