Redevelopment of Former Factory Sites and Improved Profitability of Owned Land
First written in FY2016. 15 of 30 entries say "Restated". Latest entry: 2026-11-10.
12 other companies' latest entry also says "Restated".
- FY2026-H1RestatedAnnual report
「The land rental business in Adachi City, Tokyo, is pursuing the effective utilization of land for a large-scale commercial facility, nursery school, futsal court and parking, while the land rental business in Osaka City, Osaka Prefecture, is pursuing the effective utilization of land in Chuo Ward, Shinsaibashi, for a commercial facility and land in Naniwa Ward, Namba, for Namba Parks South (land for a luxury hotel in Thailand, a lifestyle hotel and an office building).」
The policy of utilizing held land in Adachi City, Shinsaibashi and Namba Parks South for commercial facilities, nursery schools, parking, hotels and office buildings continues. - FY2024AdvancedAnnual report
「Namba Parks South, the land rental business in Naniwa Ward, Osaka City, had its grand opening in July 2023, completing the redevelopment business in the Osaka area. We will continue working to raise awareness in both districts, increase asset value and maximize business earnings.」
Namba Parks South had its grand opening in July 2023, completing the redevelopment business in the Osaka area. Meanwhile, we will continue to seek greater awareness, higher asset value and maximum earnings from our held land in Adachi City, Tokyo. - FY2024-Q3AdvancedAnnual report
「The land rental business in Adachi City, Tokyo, is pursuing the effective utilization of land for a large-scale commercial facility, nursery school, futsal court and parking. The land rental business in Osaka City, Osaka Prefecture, is pursuing the effective utilization of land in Chuo Ward, Shinsaibashi, for a commercial facility and land in Naniwa Ward, Namba, for Namba Parks South (land for a luxury hotel in Thailand, a lifestyle hotel and an office building). As a result, revenue was ¥795 million, up 25.6% year on year, operating profit was ¥635 million, up 32.7%, and segment profit was ¥635 million, up 32.7%.」
Utilization of held land in Adachi City, Shinsaibashi and Namba Parks South continued, and revenue in the rental and real estate businesses increased 25.6%, while segment profit increased 32.7%. - FY2024-Q2RestatedAnnual report
「The land rental business in Adachi City, Tokyo, is pursuing the effective utilization of land for a large-scale commercial facility, nursery school, futsal court and parking. The land rental business in Osaka City, Osaka Prefecture, is pursuing the effective utilization of land in Chuo Ward, Shinsaibashi, for a commercial facility and land in Naniwa Ward, Namba, for Namba Parks South (land for a luxury hotel in Thailand, a lifestyle hotel and an office building).」
Land in Adachi City is being utilized for a large-scale commercial facility, nursery school, futsal court and parking, while land in Osaka City is being utilized for a commercial facility in Shinsaibashi and hotels and an office building at Namba Parks South. - FY2024-Q1AdvancedAnnual report
「In the land rental business in Osaka City, Osaka Prefecture, we are pursuing the effective utilization of land in Shinsaibashi, Chuo Ward, for a commercial facility. In Namba, Naniwa Ward, we formally launched Namba Parks South. The area comprises 3 facilities: a luxury hotel in Thailand, a lifestyle hotel and an office building. Part of the development opened on 25 March 2023, followed by the grand opening on 1 July of the same year.」
Namba Parks South in Namba comprises 3 facilities: a luxury hotel, a lifestyle hotel and an office building. It progressed to the stage of partial opening on 25 March 2023 and a grand opening on 1 July. - FY2023AdvancedAnnual report
「Construction of the hotel and office buildings reached completion in January 2023, and the official name of the development area was decided in March of the same year as “Namba Parks South,” demonstrating steady progress in new businesses.」
The hotel and office buildings in the Namba district reached completion in January 2023, and the official name of the development area was decided in March. The held land utilization progressed to the completion and opening stages, with a grand opening scheduled for July 2023. - FY2023-Q3AdvancedAnnual report
「In the land rental business in Osaka City, Osaka Prefecture, we are pursuing the effective utilization of land in Shinsaibashi, Chuo Ward, for a commercial facility. In Namba, Naniwa Ward, the Nambanaka 2-chome Development Plan (provisional name) has been formally launched, and the hotel and office building reached completion on 10 January 2023, demonstrating steady progress in new businesses.」
The hotel and office building under the Nambanaka 2-chome Development Plan (provisional name) in Namba reached completion on 10 January 2023, bringing the development to the construction-completion stage. Meanwhile, rental income in Adachi City decreased following the expiration of some rental contracts. - FY2023-Q2Revenue down following the end of rental contracts; Namba development progressingAnnual report
「The land rental business in Adachi City, Tokyo, is pursuing the effective utilization of land for a large-scale commercial facility, nursery school, futsal court and parking, but rental income decreased following the expiration of some rental contracts. In the land rental business in Osaka City, Osaka Prefecture, we are pursuing the effective utilization of land in Shinsaibashi, Chuo Ward, for a commercial facility, while construction of the hotel and office buildings in Namba, Naniwa Ward, is progressing smoothly and new businesses are steadily advancing.」
Rental income in Adachi City decreased following the expiration of some rental contracts. Meanwhile, the utilization of land in Shinsaibashi for a commercial facility and construction of the hotel and office buildings in Namba continued to progress. - FY2023-Q1RestatedAnnual report
「In the land rental business in Osaka City, Osaka Prefecture, we are pursuing the effective utilization of land in Shinsaibashi, Chuo Ward, for a commercial facility, while construction of the hotel and office buildings in Namba, Naniwa Ward, is progressing smoothly and new businesses are steadily advancing.」
The utilization of land in Shinsaibashi, progress on construction of the hotel and office buildings in Namba, and the advancement of new businesses continued to be reported. - FY2022-Q3RestatedAnnual report
「In the land rental business in Osaka City, Osaka Prefecture, we are pursuing the effective utilization of land in Shinsaibashi, Chuo Ward, for a commercial facility, while construction of the hotel and office buildings in Namba, Naniwa Ward, is progressing smoothly and development plans for new businesses are steadily advancing.」
The utilization of land in Shinsaibashi for a commercial facility and progress on construction of the hotel and office buildings in Namba continued to be reported. - FY2022-Q1AdvancedAnnual report
「In the land rental business in Osaka City, Osaka Prefecture, we are pursuing the effective utilization of land in Shinsaibashi, Chuo Ward, for a commercial facility, while construction of the hotel and office buildings in Namba, Naniwa Ward, is progressing smoothly and development plans for new businesses are steadily advancing.」
It was explained that land in Shinsaibashi was being utilized for a commercial facility and that construction of the hotel and office buildings in Namba, Naniwa Ward, was progressing smoothly. - FY2021AdvancedAnnual report
「In addition, the land redevelopment business in Adachi City, Tokyo, will proceed in line with the Senju-Ohashi Station Area Community Development Plan. The land rental business in Osaka City, Osaka Prefecture, is progressing smoothly, including the effective utilization of newly acquired land in Shinsaibashi, Chuo Ward, while the Namba redevelopment business in Naniwa Ward is expected to begin full-scale utilization in autumn 2023.」
In addition to the acquisition of rental land in Shinsaibashi, the expected start of full-scale utilization of the Namba redevelopment in autumn 2023 was indicated, showing that the utilization of held land had reached a stage with a specific timeline. - FY2021-Q1AdvancedAnnual report
「On 27 April 2020, Block E in the same redevelopment district was sold for use as a tower condominium. In the land rental business in Naniwa Ward, Osaka City, construction work for the hotel began.」
Block E in the Adachi City redevelopment district was sold for use as a tower condominium, and hotel construction began in Naniwa Ward, Osaka City. The redevelopment and utilization of held land progressed to the sale and construction-start stages. - FY2020AdvancedAnnual report
「Development plan name: Plan for Site A within the Nambanaka 2-chome Development Plan (provisional name) Use: Hotel (515 rooms), retail Lease term: April 2020 to March 2075 (55 years) Scheduled construction period: April 2020 to March 2023 (scheduled)」
For owned land in Namba, Naniwa Ward, Osaka City, a contract was concluded to establish a 55-year fixed-term land leasehold for a development plan comprising a 515-room hotel and retail space, and a construction schedule from April 2020 to March 2023 was presented. - FY2020-Q2AdvancedAnnual report
「As announced in the 1 October notice entitled “Development of Our Owned Land in the Namba District,” in the rental and real estate business we decided to formally launch the development plan for part of our owned land in Namba, Naniwa Ward, Osaka City, began a survey of buried cultural properties as preparatory work, and recorded the estimated cost as an extraordinary loss.」
For part of the owned land in Namba, Naniwa Ward, Osaka City, it was decided to formally launch the development plan instead of continuing its interim use as a parking lot, and a survey of buried cultural properties was begun as preparatory work. - FY2020-Q1Changed to land for a temporary junior high schoolAnnual report
「The land rental business in the redevelopment area of Adachi City, Tokyo, includes a large-scale commercial facility, nursery school, futsal court and parking lot, as well as the time-limited rental of land to Adachi City for a temporary junior high school. In the land rental business in Naniwa Ward, Osaka City, land continues to be rented for use as a parking lot.」
It was reported that land in the Adachi City redevelopment area had changed from land for a temporary elementary school to time-limited rental as land for a temporary junior high school. - FY2019RestatedAnnual report
「The Senju-Ohashi Station Area Community Development Plan, in which we are participating, is progressing while we assess market trends. The area's former image as a traditional downtown neighborhood is increasingly giving way, particularly among younger people, to an image of a desirable place to live, and the vibrancy of the entire Ponte Grande TOKYO district is increasing. Going forward, we will work to raise awareness of the district and increase asset value.」
Development in the Senju-Ohashi district continued while assessing market trends, with the aim of increasing awareness of the district and its asset value. - FY2019-Q3RestatedAnnual report
「The land rental business in the redevelopment area of Adachi City, Tokyo, includes a large-scale commercial facility, nursery school, futsal court and parking lot, as well as the time-limited rental of part of the land to Adachi City for a temporary elementary school. In the land rental business in Naniwa Ward, Osaka City, land continues to be rented for use as a parking lot.」
Rental of redevelopment land in Adachi City and Naniwa Ward continued for various facilities, parking and a time-limited temporary elementary school. - FY2019-Q2RestatedAnnual report
「The land rental business in the redevelopment area of Adachi City, Tokyo, includes a large-scale commercial facility, nursery school, futsal court and parking lot, as well as the time-limited rental of part of the land to Adachi City for a temporary elementary school. In the land rental business in Naniwa Ward, Osaka City, land continues to be rented for use as a parking lot. As a result, revenue was ¥387 million, down 0.2% year on year, operating profit was ¥305 million, up 0.2%, and segment profit was ¥734 million, up 1.9%.」
Held land in Adachi City and Naniwa Ward continued to be rented for various facilities, parking and a temporary elementary school, and operating profit and segment profit exceeded those in the same quarter of the previous year. - FY2019-Q1RestatedAnnual report
「The land rental business in the redevelopment area of Adachi City, Tokyo, includes a large-scale commercial facility, nursery school, futsal court and parking lot, as well as the time-limited rental of land to Adachi City for a temporary elementary school. In the land rental business in Naniwa Ward, Osaka City, land continues to be rented for use as a parking lot.」
Rental of redevelopment land in Adachi City and Naniwa Ward continued for various facilities, parking and a temporary elementary school. - FY2018RestatedAnnual report
「The Senju-Ohashi Station Area Community Development Plan, in which we are participating, is progressing smoothly. With regard to future development plans for our held land, we will respond flexibly while considering construction costs and seek to secure earnings through interim use.」
The plan for the Senju-Ohashi district was described as progressing smoothly, while efforts continued to secure earnings from held land through interim use as appropriate, taking construction costs into account. - FY2018-Q3RestatedAnnual report
「The land rental business in the redevelopment area of Adachi City, Tokyo, includes a large-scale commercial facility, nursery school, futsal court and parking lot, as well as the time-limited rental of part of the land to Adachi City for a temporary elementary school. In the land rental business in Naniwa Ward, Osaka City, land continues to be rented for use as a parking lot. As a result, revenue was ¥581 million, up 0.3% year on year, operating profit was ¥456 million, up 0.5%, and segment profit was ¥1,080 million, up 5.2%.」
Rental of the redevelopment land in Adachi City and Naniwa Ward continued for commercial facilities, a nursery school, a futsal court, parking and a temporary elementary school, resulting in higher revenue and profit in the rental and real estate businesses. - FY2018-Q2RestatedAnnual report
「The land rental business in the redevelopment area of Adachi City, Tokyo, includes a large-scale commercial facility, nursery school, futsal court and parking lot, as well as the time-limited rental of part of the land to Adachi City for a temporary elementary school. In the land rental business in Naniwa Ward, Osaka City, land continues to be rented for use as a parking lot. As a result, revenue was ¥387 million, up 0.3% year on year, operating profit was ¥304 million, up 0.6%, and segment profit was ¥721 million, up 6.3%.」
Rental of the redevelopment land in Adachi City and Naniwa Ward continued for commercial facilities, a nursery school, a futsal court, parking and a temporary elementary school, resulting in higher revenue and profit in the rental and real estate businesses. - FY2017AdvancedAnnual report
「The super levee on the Sumida River in the Senju-Ohashi district (Senju Sumida River Terrace) and City Planning Road No. 11 have been completed, condominiums have been completed in 3 blocks, Senju-Ohashi Sakura Park has opened, and a community-oriented commercial facility has opened, demonstrating steady progress in the development of the town.」
Progress in the Senju-Ohashi district was reported, including the development of the super levee and city planning road, completion of condominiums in 3 blocks, and the opening of a park and commercial facility. Business plans for undeveloped blocks and interim use of a parking lot in Naniwa Ward, Osaka City will continue. - FY2017-Q3RestatedAnnual report
「We operate rental businesses on land undergoing redevelopment in Adachi City, Tokyo, and Naniwa Ward, Osaka City. In the redevelopment district in Adachi City, we began renting land to Adachi City for a temporary elementary school as an interim use. As a result, revenue was ¥580 million, up 12.1% year on year, operating profit was ¥454 million, up 19.4%, and segment profit was ¥1,027 million, up 7.6%.」
Rental businesses in Adachi City and Naniwa Ward, as well as the rental of land in Adachi City for a temporary elementary school, continued, and revenue, operating profit and segment profit in the rental and real estate businesses exceeded those in the same quarter of the previous year. - FY2017-Q2AdvancedAnnual report
「We operate rental businesses on land undergoing redevelopment in Adachi City, Tokyo, and Naniwa Ward, Osaka City. In the redevelopment district in Adachi City, we began renting land to Adachi City for a temporary elementary school in March 2016 as an interim use. As a result, revenue was ¥386 million, up 12.2% year on year, operating profit was ¥302 million, up 19.9%, and segment profit was ¥678 million, up 6.6%.」
Rental businesses in both districts and the rental of land in Adachi City for a temporary elementary school continued, and revenue, operating profit and segment profit in the rental and real estate businesses exceeded those in the same quarter of the previous year. - FY2017-Q1RestatedAnnual report
「We operate rental businesses on land undergoing redevelopment in Adachi City, Tokyo, and Naniwa Ward, Osaka City. In the redevelopment district in Adachi City, we began renting land to Adachi City for a temporary elementary school in March 2016 as an interim use.」
The redevelopment and rental businesses in both districts, as well as the rental of land in Adachi City for a temporary elementary school, continued to be reported. - FY2016First statedAnnual report
「We are promoting development projects on former factory sites in Adachi City, Tokyo, and Naniwa Ward, Osaka City. In particular, the former is seeing the expansion of a new town, Ponte Grande TOKYO. Going forward, we will work to complete the development projects in both districts and improve the profitability of our assets.」
Development in the area around Senju-Ohashi Station is progressing, with continued efforts to advance plans for undeveloped blocks, make interim use of held land and secure rental income.