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Tokyo Board Industries (7815) · InitiativeRestated

Effective Use of Former Factory Sites and the Facilities Business

First written in FY2016. 13 of 19 entries say "Restated". Latest entry: FY2021.

19entries
6years
0from disclosures
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How it moved
ProgressHeldSoftenedWorseRestatedFY2016 – FY2020ReframedFY2021-Q12016: 320162017: 420172018: 420182019: 420192020: 320202021: 12021
Same theme, other companies
Monetization through the rental use of owned real estateA theme 30 companies write about · 0 as a headwind · 30 as a tailwind

The whole theme swung hardest in 2022: 2 of 19 companies on the "Worse" side.

7 other companies' latest entry also says "Restated".

Ridges = years it wrote progress, valleys = years it wrote worse. Most hopeful companies at the back. Drag to turn, scroll to zoom, right-drag to pan. On a phone, two fingers turn and pinch to zoom; one finger scrolls the page.
Showing 14 of the 30 companies compared. The sentences above are computed from all 30.
Full recordFilings, disclosures and news, newest first
  1. FY2021RestatedAnnual report

    「The group’s business segments consist of the Wood and Environmental Solutions Business and other businesses. However, because the other businesses account for only a small proportion of all segments and are not sufficiently material for disclosure, segment-by-segment information has been omitted beginning with the current consolidated fiscal year.」

    Operations themselves in the other businesses and Facilities Business, including Karibu Umejima, are described, but the omission of segment-by-segment disclosure because of reduced materiality has also been confirmed in the annual disclosure.
  2. FY2021-Q1ReframedAnnual report

    「The group’s reportable segments had previously been classified as the Wood and Environmental Solutions Business and the Facilities Business, but beginning with the first quarter of the current consolidated fiscal year, the group has been presented as a single segment, the Wood and Environmental Solutions Business.」

    Because the Facilities Business had become less significant in terms of revenue, profit, and assets, reporting was reorganized into a single Wood and Environmental Solutions Business segment. The disclosures do not state that the business itself ended.
  3. FY2020Profit decline due to the sale of the land beneath the propertyAnnual report

    「Segment profit (operating profit) was ¥24.990 million, down 87.1% year on year, due to the sale in the previous year of the land beneath the commercial facility.」

    Operations at Karibu Umejima continue, but profit in the facilities business fell to ¥24.990 million, down 87.1% year on year, due in part to the rental expense burden following the sale of the land beneath the property in the previous year.
  4. FY2020-Q3RestatedAnnual report

    「Tenant occupancy remained firm, with revenue of ¥307.393 million, down 3.9% year on year. Segment profit (operating profit) was ¥23.114 million, down 84.5% year on year, due to rental payments following the sale of the land beneath the Karibu commercial facility.」

    Tenant occupancy and facility operations continue, but segment profit continues to decline substantially because of the rental expense burden following the sale of the land.
  5. FY2020-Q2Continued profit decline due to rental expense burdenAnnual report

    「Tenant occupancy remained firm, with revenue of ¥212.241 million, down 1.4% year on year. Segment profit (operating profit) was ¥18.836 million, down 82.1% year on year, due to rental payments following the sale of the land beneath the Karibu commercial facility.」

    Tenant occupancy remained firm, but profit in the facilities business fell 82.1% year on year because of the rental expense burden following the sale of the land.
  6. FY2020-Q1Rental expense burden following the sale of landAnnual report

    「Tenant occupancy remained firm, with revenue of ¥103.171 million, down 2.5% year on year. Segment profit (operating profit) was ¥10.150 million, down 80.9% year on year, due to rental payments following the sale of the land beneath the Karibu commercial facility.」

    Rental payments arose following the sale of the land beneath Karibu Umejima, and segment profit in the facilities business fell 80.9% year on year. Use of the former factory sites and commercial facilities continues, while operating conditions have changed.
  7. FY2019Partial sale of investment property held for leaseAnnual report

    「The main decrease during the consolidated fiscal year was a ¥115.042 million decrease resulting from the sale of property, plant and equipment.」

    While the facilities business using former factory sites and tenant operations continue, a decrease in the carrying amount of property held for lease and other purposes resulting from the sale of property, plant and equipment is reported.
  8. FY2019-Q3RestatedAnnual report

    「Tenant occupancy remained firm, with revenue of ¥319.958 million, compared with revenue of ¥320.043 million in the same period of the previous year. Segment profit (operating profit) was ¥149.450 million, up 2.0% year on year.」

    Tenant occupancy and facility operations in the facilities business using former factory sites continue.
  9. FY2019-Q2RestatedAnnual report

    「Tenant occupancy remained firm, with revenue of ¥215.310 million, down 0.3% year on year. Segment profit (operating profit) was ¥104.982 million, up 4.0% year on year.」

    Tenant occupancy and facility operations in the facilities business using former factory sites continue.
  10. FY2019-Q1RestatedAnnual report

    「Tenant occupancy remained firm, with revenue of ¥105.818 million, compared with ¥105.831 million in the same period of the previous year. Segment profit (operating profit) was ¥53.177 million, up 3.1% year on year.」

    In the facilities business using former factory sites, tenant occupancy remained firm and operations continue.
  11. FY2018RestatedAnnual report

    「As an effective use of the former Arakawa and Adachi factory sites owned by the company, the former Arakawa site is leased to a medical institution, while the former Adachi site is managed and operated as the Karibu Umejima shopping center.」

    The former Arakawa factory site continues to be leased to a medical institution, and the former Adachi factory site continues to be operated as a commercial facility.
  12. FY2018-Q3RestatedAnnual report

    「Tenant occupancy remained firm, with revenue of ¥320.043 million, up 3.1% year on year. Segment profit (operating profit) was ¥146.482 million, down 5.5% year on year, mainly because renewal costs associated with tenant changes were recorded.」

    Tenant occupancy and facility operations in the facilities business continue. Revenue increased, while segment profit decreased because of renewal costs associated with tenant changes.
  13. FY2018-Q2RestatedAnnual report

    「Tenant occupancy remained firm, with revenue of ¥215.872 million, up 3.4% year on year. Segment profit (operating profit) was ¥100.964 million, down 3.9% year on year.」

    Tenant occupancy and facility operations in the facilities business continue. Revenue increased, while segment profit decreased year on year.
  14. FY2018-Q1RestatedAnnual report

    「Tenant occupancy remained firm, with revenue of ¥105.831 million, up 3.4% year on year. Segment profit (operating profit) was ¥51.587 million, down 0.9% year on year.」

    Tenant occupancy and facility operations in the facilities business continue. Revenue increased, but segment profit decreased year on year.
  15. FY2017RestatedAnnual report

    「As an effective use of the former Arakawa and Adachi factory sites owned by the company, the former Arakawa site is leased to a medical institution, while the former Adachi site is managed and operated as the Karibu Umejima shopping center.」

    The former Arakawa factory site continues to be leased to a medical institution, and the former Adachi factory site continues to be operated as a commercial facility. Operating profit in the facilities business was ¥200.316 million.
  16. FY2017-Q3RestatedAnnual report

    「Tenant occupancy remained firm, with revenue of ¥310.368 million, down 1.4% year on year, and segment profit (operating profit) of ¥154.978 million, up 2.1% year on year.」

    The continued strength of tenant occupancy in the facilities business was again indicated, and operations at the facilities on the former factory sites continue.
  17. FY2017-Q2RestatedAnnual report

    「Although tenant occupancy remained firm, revenue was ¥208.875 million, down 0.8% year on year.」

    Tenant occupancy in the facilities business remains firm, confirming the continuation of facility operations.
  18. FY2017-Q1RestatedAnnual report

    「Although tenant occupancy remained firm, revenue was ¥102.317 million, down 1.3% year on year.」

    Firm tenant occupancy in the facilities business was confirmed, indicating that facility operations continue.
  19. FY2016First statedAnnual report

    「As an effective use of the former Arakawa and Adachi factory sites owned by the company, the former Arakawa site is leased to a medical institution, while the former Adachi site is managed and operated as the Karibu Umejima shopping center.」

    The business of using former factory sites for leasing to medical institutions and operating commercial facilities continues.
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Effective Use of Former Factory Sites and the Facilities Business | TOKYO BOARD INDUSTRIES CO.,LTD. (7815) | Komori