Expansion of the Real Estate Leasing Business Through the Purchase of Office Buildings for Lease
First written in FY2017-Q2. 14 of 29 entries say "Advanced", first in FY2018-Q2. Latest entry: FY2026.
26 other companies' latest entry also says "Advanced".
- FY2026AdvancedAnnual report
「Revenue in the real estate leasing business increased as rental income from the newly built rental apartment building acquired in the previous fiscal year contributed for the full year. Profit also rose substantially due to the effect of higher revenue. Revenue was ¥1,040 million, up 9.0% year on year, and operating profit was ¥550 million, up 15.3%.」
The newly built rental apartment building acquired in the previous fiscal year contributed for the full year, resulting in higher revenue and profit in the real estate leasing business. - 2026-05-15AdvancedRevisions to earnings forecasts
「不動産賃貸事業につきましては、前年度に取得した新築賃貸マンションの家賃収入が通期で寄与したことにより増収となりました。また、損益面でも増収効果により大幅な増益となり」
新築賃貸マンションの家賃収入が通期寄与し、不動産賃貸事業が増収増益となった。 - FY2025AdvancedAnnual report
「In the real estate leasing business, revenue increased due in part to higher earnings from the renewal of leases for land rented by a subsidiary. However, first-year results for a newly built large-scale apartment project are expected to be weighted toward expenses such as depreciation, causing business profit to decline. Revenue was ¥950 million, up 6.6% year on year, while operating profit was ¥470 million, down 6.2%.」
The newly built apartment building planned in the previous fiscal year entered operation, increasing revenue in the real estate leasing business. However, first-year depreciation and other expenses preceded revenue, resulting in lower operating profit. - FY2025-H1AdvancedAnnual report
「In the real estate leasing business, rental income, which constitutes revenue, was unchanged. However, operating profit declined because first-year results for the newly built apartment building, which began accepting tenants at the end of June 2024, were weighted toward expenses.」
Tenants began moving into the newly built apartment building at the end of June 2024, bringing the rental asset into operation. However, expenses preceded revenue in the first year, weighing on operating profit in the leasing business. - FY2024AdvancedAnnual report
「The Takigami Steel Construction Co.,Ltd. | Rental apartment building | Naka-ku, Nagoya | Real estate leasing business | Building and land | 2,584 | 1,911 | Internal funds | November 2022 | June 2024 | 99 units」
A rental apartment project with a total planned investment of ¥2,584 million, 99 units, and scheduled completion in June 2024 is under way. Meanwhile, profit in the real estate leasing business declined during the current fiscal year due to scheduled repairs and other factors. - FY2024-Q3Continued profit decline due to scheduled repairsAnnual report
「In the real estate leasing business, rental income, the basis of revenue, remained broadly flat, as in the second quarter. However, costs for scheduled repairs to properties affected by aging weighed on earnings. Revenue was ¥670 million, down ¥50 million, or 7.6%, year on year, and operating profit was ¥400 million, down ¥60 million, or 14.3%.」
With rental income remaining flat, costs for scheduled repairs to aging properties weighed on earnings, causing both revenue and operating profit to fall below the year-earlier period. - FY2024-Q2Profit decline due to scheduled repairsAnnual report
「In the real estate leasing business, rental income, which constitutes revenue, was unchanged. However, operating profit declined because scheduled repairs were carried out. Revenue was ¥450 million, up 0.8% year on year, while operating profit was ¥260 million, down 7.1%.」
Rental income was unchanged, while scheduled repairs resulted in a 7.1% year-on-year decline in operating profit. - FY2024-Q1Decline in revenue and profit due to lower brokerage feesAnnual report
「In the real estate leasing business, rental income was largely unchanged, but brokerage fees and other income declined from the previous fiscal year. As a result, revenue was ¥220 million, down 3.3% year on year, and operating profit was ¥130 million, down 11.8%.」
Rental income was largely unchanged, but lower brokerage fees and other income resulted in declines in both revenue and profit in the real estate leasing business. - FY2023AdvancedAnnual report
「Capital expenditures for the consolidated fiscal year totaled ¥1,730 million, reflecting, among other items, factory-cover construction work by the company in the steel structure manufacturing business, a single-leg crane acquired by subsidiary Marusada Sangyo Co., Ltd. in the materials sales business, and leased senior-care facilities acquired by the company in the real estate leasing business. Capital expenditures were ¥277 million in the steel structure manufacturing business, ¥1,429 million in the real estate leasing business, and ¥23 million in the materials sales business.」
The real estate leasing business acquired senior-care facilities and other properties, resulting in capital expenditures of ¥1,429 million. Operating profit in the leasing business also increased 8.7% year on year. - FY2023-Q3AdvancedAnnual report
「Although the sale of the commercial building at the beginning of the fiscal year reduced earnings, revenue from existing properties continued to perform steadily through the second quarter. In addition, higher subsidiary revenue enabled the company to maintain revenue at the year-earlier level during the cumulative third-quarter period. Revenue was ¥730 million, up ¥30 million, or 4.5%, year on year, and operating profit was ¥470 million, up ¥60 million, or 15.5%.」
Despite the reduction in earnings from the sale of the commercial building, higher earnings from existing properties and subsidiaries kept revenue above the year-earlier level, while operating profit increased 15.5% year on year. - FY2023-Q2RestatedAnnual report
「The sale in April 2022 of an investment property owned by the company, a commercial building, was a significant factor behind the decline in revenue. However, higher subsidiary revenue also contributed, enabling revenue to remain at the year-earlier level during the cumulative second-quarter period. Revenue was ¥450 million, down ¥4 million, or 1.0%, year on year, while operating profit was ¥280 million, up ¥10 million, or 4.4%.」
Even after the sale of the commercial building, higher subsidiary revenue enabled the real estate leasing business to maintain revenue at the year-earlier level, while operating profit increased 4.4% year on year. - FY2023-Q1Sale of a commercial building completedAnnual report
「There was no apparent impact from the COVID-19 pandemic. Revenue declined because the company sold a commercial building it owned in April, but revenue at its subsidiaries increased, enabling it to maintain the year-earlier level.」
In line with the sale plan announced for FY2022, the company completed the sale of a commercial building it owned in April. Higher subsidiary revenue offset the decline in revenue from the sale, and the real estate leasing business maintained its year-earlier level. - FY2022Plan to sell a leased office buildingAnnual report
「The Takigami Steel Construction Co.,Ltd. | Leased office building | Naka-ku, Nagoya | Real estate leasing business | Building and land | 2,194 | April 2022」
While earnings continued to expand through acquisitions and consolidation, a plan was announced to sell in April 2022 a leased office building with a carrying value of ¥2,194 million. - FY2022-Q3AdvancedAnnual report
「Including the impact of Takigami Real Estate Co., Ltd., which was newly consolidated from the third quarter of the current fiscal year, revenue was ¥700 million, up ¥20 million, or 3.7%, year on year, and operating profit was ¥400 million, up ¥6 million, or 1.6%.」
Takigami Real Estate Co., Ltd. was newly consolidated and contributed to revenue and operating profit in the real estate leasing business. - FY2022-Q2RestatedAnnual report
「Quarterly results in the real estate leasing business reflected the continued generation of earnings at customary levels, with no impact from the COVID-19 pandemic. Revenue was ¥450 million, up ¥7 million, or 1.7%, year on year, and operating profit was ¥270 million, up ¥10 million, or 7.5%.」
The real estate leasing business was unaffected by the COVID-19 pandemic, continued to generate earnings at customary levels, and posted year-on-year increases in both revenue and operating profit. - FY2022-Q1AdvancedAnnual report
「Quarterly results in the real estate leasing business were steady, with no apparent impact from the COVID-19 pandemic. Revenue was ¥220 million, up ¥2 million, or 1.0%, year on year, and operating profit was ¥130 million, up ¥10 million, or 9.2%.」
The real estate leasing business was unaffected by the COVID-19 pandemic, and both revenue and operating profit exceeded the year-earlier period. - FY2021-Q2AdvancedAnnual report
「Quarterly results in the real estate leasing business were supported by higher revenue from improved occupancy rates at rental apartments. Revenue was ¥440 million, up ¥10 million, or 4.0%, year on year, and operating profit was ¥250 million, up ¥10 million, or 5.6%.」
Improved occupancy rates at rental apartments contributed to higher revenue, with both revenue and operating profit in the real estate leasing business exceeding the year-earlier period. - FY2021-Q1Performance progressed without an impact from COVID-19, but profit declinedAnnual report
「Quarterly results in the real estate leasing business were steady, with no apparent impact from COVID-19. Revenue was ¥220 million, up ¥7 million, or 3.6%, year on year, while operating profit was ¥120 million, down ¥5 million, or 4.6%.」
The real estate leasing business was steady, with no apparent impact from COVID-19, while operating profit declined 4.6% year on year. - FY2020Decline in real estate leasing profit due to scheduled repairsAnnual report
「In the real estate leasing business, revenue was ¥860 million, up ¥40 million, or 4.9%, year on year, due to higher income from the rental building acquired by a consolidated subsidiary in the previous consolidated fiscal year and improved occupancy at the Company's rental apartments. However, operating profit was ¥450 million, down ¥30 million, or 6.5%, because scheduled repairs were carried out on rental properties whose construction dates were early and which had begun to age.」
Although rental-building income and occupancy improved, operating profit fell 6.5% year on year because of scheduled repairs to aging properties. - FY2020-Q3RestatedAnnual report
「In the real estate leasing business, revenue was ¥640 million, up ¥30 million, or 6.1%, year on year, and operating profit was ¥350 million, up ¥6 million, or 1.8%, due to higher income from rental apartments owned by a subsidiary, continuing the trend seen in the second quarter.」
The rental apartments owned by a subsidiary continued to contribute to earnings in the second quarter, with both revenue and operating profit exceeding the year-earlier levels. - FY2020-Q2AdvancedAnnual report
「In the real estate leasing business, revenue was ¥420 million, up ¥30 million, or 9.0%, year on year, and operating profit was ¥240 million, up ¥6 million, or 3.0%, due to higher income from rental apartments owned by a subsidiary and other factors.」
In addition to acquired and completed rental properties, higher income from rental apartments owned by a subsidiary contributed to revenue and operating profit in the real estate leasing business exceeding the year-earlier levels. - FY2020-Q1AdvancedAnnual report
「In the real estate leasing business, revenue was ¥210 million, up ¥10 million, or 8.8%, year on year, and operating profit was ¥120 million, up ¥7 million, or 6.2%, partly due to higher income from rental apartments owned by a subsidiary that were completed last autumn.」
In addition to the existing office buildings for lease, rental apartments owned by a subsidiary contributed to earnings, with revenue and operating profit in the real estate leasing business exceeding the year-earlier levels. - FY2019AdvancedAnnual report
「In the real estate leasing business, revenue was ¥820 million, up ¥110 million, or 16.3%, year on year, and operating profit was ¥480 million, up ¥80 million, or 21.5%, as income from the large office building acquired in the previous consolidated fiscal year was recognized for the full year.」
Full-year contribution from the acquired large office building increased revenue and operating profit in the real estate leasing business. In addition, a subsidiary was proceeding with the construction of rental apartments. - FY2019-Q1RestatedAnnual report
「In the real estate leasing business, revenue was ¥190 million, up ¥30 million, or 22.8%, year on year, and operating profit was ¥120 million, up ¥10 million, or 19.4%, following the addition of the second office building for lease acquired in the third quarter of the previous fiscal year.」
The second office building for lease acquired in the third quarter of the previous fiscal year continued to contribute to higher revenue and operating profit. - FY2018-Q3AchievedAnnual report
「In the real estate leasing business, revenue was ¥500 million, up ¥90 million, or 24.0%, year on year, and operating profit was ¥290 million, up ¥50 million, or 21.0%, partly reflecting the acquisition of a second office building for lease in October of the previous year to support future business earnings.」
The planned acquisition of a second office building for lease in the previous quarter was completed and contributed to higher revenue and operating profit. - FY2018-Q2AdvancedAnnual report
「The Takigami Steel Construction Co.,Ltd. Chuo-ku, Nagoya, Aichi Real estate leasing business Office building for lease 2,437 Internal funds October 2017」
A capital investment plan was newly finalized for the real estate leasing business to acquire an office building for lease scheduled for purchase in October 2017, at a planned investment amount of ¥2,437 million, funded with internal funds. - FY2018-Q1RestatedAnnual report
「In the real estate leasing business, revenue was ¥160 million, up ¥40 million, or 34.9%, year on year, while operating profit was ¥100 million, up ¥20 million, or 33.5%, partly reflecting the contribution from the office building for lease acquired in the second quarter of the previous fiscal year.」
The office building for lease acquired in the second quarter of the previous fiscal year continued to contribute, with revenue and operating profit exceeding the year-earlier levels. - FY2017-Q3RestatedAnnual report
「In the real estate leasing business, revenue was ¥400 million, up ¥40 million, or 12.6%, year on year, following the acquisition of an office building for lease in August. Operating profit was ¥240 million, up ¥9 million, or 4.1%, despite the impact of first-year costs.」
The office building for lease acquired in August continued to contribute to revenue and operating profit. - FY2017-Q2First statedAnnual report
「In the real estate leasing business, revenue was ¥250 million, up ¥10 million, or 5.4%, year on year, following the acquisition of an office building for lease in August. However, operating profit was ¥140 million, down ¥9 million, or 6.5%, as one-time costs were incurred in the first year.」
The office building for lease acquired in August contributed to higher revenue in the real estate leasing business, while first-year one-time costs reduced operating profit.