Revenue Dependence on the Tax Lease Arrangement Business
First written in FY2016. 4 of 12 entries say "Advanced", first in FY2023-Q1. Latest entry: 2026-07-30.
Financial Partners Group moved to the "Worse" side of this theme in 2026, 4 years after the typical company in this theme (2022).
The whole theme swung hardest in 2025: 22 of 57 companies on the "Worse" side.
6 other companies' latest entry also says "Worsened".
- 2026-07-30WorsenedEarnings
「Meanwhile, the overseas real estate fund business reported lower revenue, while the domestic real estate fund business also reported a substantial decline in revenue because sales of fractional real estate products were still recovering from the impact of reports concerning the tax reform.」
Among the three core businesses, revenue from the domestic and overseas real estate businesses continued to decline, widening the performance gap with the leasing fund business. - FY2026-H1Widening performance gap among the 3 core businessesAnnual report
「The lease fund business performed well, supported by sales of high-yield transactions and strong investor demand, and generated higher revenue. By contrast, the overseas real estate fund business generated lower revenue. In the domestic real estate fund business, in light of the possibility of future tax reforms, we temporarily suspended new sales of fractionalized real estate products and handled cancellations during the first quarter.」
Among the 3 pillars, the lease fund business generated higher revenue, while the domestic real estate fund business generated lower revenue due to reports of tax reforms, and the overseas real estate fund business also generated lower revenue, widening the performance gap between the businesses. - FY2025AdvancedAnnual report
「During the current consolidated fiscal year, we actively promoted sales in our core lease fund, domestic real estate fund and overseas real estate fund businesses in response to strong customer demand.」
Sales were promoted across the 3 core businesses—lease funds, domestic real estate funds and overseas real estate funds—and sales of investments and real estate products rose substantially to record highs. - FY2025-H1AdvancedAnnual report
「In its core lease fund, domestic real estate fund and overseas real estate fund businesses, the Company actively promoted sales against a backdrop of ample inventory at the beginning of the period and strong investor demand. As a result, sales in each business reached a record high for an interim consolidated accounting period.」
Sales reached interim-period record highs in all 3 core businesses—lease funds, domestic real estate funds and overseas real estate funds—demonstrating progress in diversifying the revenue structure. - FY2024RestatedAnnual report
「Under its corporate philosophy, 'Opening Up the Future Through Finance,' the Group has viewed the constantly changing business environment as an opportunity to diversify its revenue structure and pursue structural reform. In addition to the lease fund business as its first pillar, the Group has expanded its domestic real estate fund business as its second pillar. It has also launched its overseas real estate fund business as its third pillar and is pursuing further growth.」
Continuing to diversify the revenue structure through 3 pillars: lease funds, domestic real estate and overseas real estate. - FY2023ReframedAnnual report
「<Commitment> ・Build the optimal business portfolio in each field」
Reframed the previous policy of diversification to reduce dependence on the lease fund business as a commitment to build the optimal business portfolio in each field. - FY2023-Q2AdvancedAnnual report
「As a result, the lease fund business performed strongly, with revenue and profit rising significantly year on year, including a recovery in sales of investments to pre-pandemic levels. The real estate fund business also progressed well, led by overseas real estate, bringing consolidated revenue to ¥32,360 million, up 3.9% year on year.」
Explained that, compared with the previous dependence on the lease fund business, the real estate fund business, particularly overseas real estate, contributed to consolidated performance. - FY2023-Q1AdvancedAnnual report
「In the real estate fund business, the origination amount reached ¥18,049 million following the origination in December 2022 of the large resort hotel Queen Kapiolani Hotel in Honolulu, Hawaii, as the second transaction.」
As the real estate fund business was expanded alongside the lease fund business, the second overseas real estate transaction was originated, bringing the overseas real estate origination amount to ¥18,049 million. - FY2022ReframedAnnual report
「Recently, the Group has viewed changes in the business environment, including the global COVID-19 pandemic, as an opportunity to diversify its revenue structure and pursue structural reform, and has shifted to a new growth trajectory. Specifically, in addition to the lease fund business as its first pillar, the Group is expanding the real estate fund business as its second pillar and developing overseas real estate investment products as a new third pillar.」
Repositioning management from the previous structure dependent on the lease fund business for revenue toward diversification, with domestic real estate funds as the second pillar and overseas real estate investment products as the third pillar. - FY2018RestatedAnnual report
「The majority of the Group's revenue consists of fees and other income generated through the origination and management of operating lease transactions in the tax lease arrangement business, and the sale to investors of silent partnership interests and trust beneficiary rights.」
Continuing to explicitly state the structure's dependence on the tax lease arrangement business for the majority of revenue. - FY2017RestatedAnnual report
「The majority of the Group's revenue consists of fees and other income generated through the origination and management of operating lease transactions in the tax lease arrangement business, and the sale to investors of silent partnership interests and trust beneficiary rights.」
Continuing to explicitly state the revenue structure's dependence on the tax lease arrangement business, which accounts for the majority of revenue. - FY2016First statedAnnual report
「The majority of the Group's revenue comes from the tax lease arrangement business. Accordingly, if any of the following risks materialize, the Group's performance could be significantly affected.」
Explicitly stated, as a premise for the individual risks, that the majority of revenue comes from the tax lease arrangement business.