Low Occupancy Rate of Leased Space in the Headquarters Building
First written in FY2017-Q1. 19 of 31 entries say "Restated". Latest entry: FY2027-H1.
The whole theme swung hardest in 2020: 10 of 26 companies on the "Worse" side.
13 other companies' latest entry also says "Restated".
- FY2027-H1RestatedAnnual report
「In the real estate leasing business, income-generating properties, including the head office building in Chuo-ku, Osaka, rental apartments in Higashinari-ku, Osaka, Chuo-ku, Tokyo and Sumida-ku, Tokyo, and rental warehouses in Sumida-ku, Tokyo, secured stable rental income, resulting in higher revenue year on year.」
The company continues to secure stable rental income from multiple income-generating properties, with the real estate leasing business reporting higher revenue year on year. - FY2025MitigatedAnnual report
「Revenue from the real estate leasing business increased from the previous consolidated fiscal year as income-generating properties including the head office building steadily secured rental income, supplemented by rental income from the apartment building for lease acquired in Kikukawa, Sumida-ku, Tokyo, in September 2023.」
Despite the risk of some vacancies, the leasing business is generating higher revenue through stable income from the head office building and other properties and rental income from the acquired apartment building. - FY2025-H1MitigatedAnnual report
「Revenue from the real estate leasing business increased year on year as the company strengthened earnings by purchasing an apartment building for lease in September 2023, while income-generating properties including the head office building steadily secured rental income.」
The leasing business generated higher revenue year on year through the acquisition of an apartment building for lease and stable rental income from the head office building and other properties. - FY2025-Q1Higher revenue despite ongoing vacanciesAnnual report
「Although vacancies continued at the warehouse property in Kikukawa, Sumida-ku, Tokyo, and at some other tenant properties, revenue from the real estate leasing business rose 7.4% year on year to ¥120 million as the head office building, residential properties for lease and other properties steadily secured rental income.」
Although vacancies continued to occur at some tenant properties, rental income from the head office building, residential properties for lease and other properties enabled the leasing business to generate higher revenue year on year. - FY2024RestatedAnnual report
「Although vacancies occurred at the warehouse property in Kikukawa, Sumida-ku, Tokyo, and at some other tenant properties, revenue from the real estate leasing business was broadly unchanged from the previous consolidated fiscal year, due in part to the purchase of a residential property for lease as an income-generating property in Kikukawa, Sumida-ku, Tokyo, in September 2023 and efforts to strengthen rental income.」
Although some tenant properties became vacant, the acquisition of residential properties for lease strengthened rental income, leaving leasing business revenue broadly unchanged. - FY2024-Q3RestatedAnnual report
「In the real estate leasing business, the company purchased a residential property for lease as an income-generating property in Kikukawa, Sumida-ku, Tokyo, in September 2023 and worked to strengthen rental income, but revenue declined slightly year on year due in part to vacancies at some properties.」
Although the company worked to strengthen rental income by acquiring residential properties for lease, the leasing business saw a slight decline in revenue because some properties became vacant. - FY2024-Q2RestatedAnnual report
「Although tenant occupancy rates in the real estate leasing business remained broadly at the previous year's level, revenue declined year on year due to some vacant units.」
Tenant occupancy rates remained broadly at the previous year's level, while lower revenue due to some vacant units continues. - FY2024-Q1Lower revenue due to some vacant unitsAnnual report
「Although tenant occupancy rates in the real estate leasing business remained broadly at the previous year's level, revenue declined year on year due in part to some vacant units.」
Although tenant occupancy rates were broadly at the previous year's level, the occurrence of some vacant units and other factors have newly been identified as causes of the year-on-year revenue decline. - FY2023RestatedAnnual report
「Although tenant occupancy rates remained broadly at the previous year's level, revenue from the real estate leasing business declined slightly from the previous consolidated fiscal year.」
Tenant occupancy rates remained broadly at the previous year's level, while the leasing business continues to report lower revenue. - FY2023-Q3RestatedAnnual report
「Although tenant occupancy rates remained broadly at the previous year's level, revenue from the real estate leasing business declined slightly year on year.」
Tenant occupancy rates remained broadly at the previous year's level, while the leasing business continues to report lower revenue. - FY2023-Q1RestatedAnnual report
「Revenue from the real estate leasing business declined slightly year on year as tenant occupancy rates remained broadly at the previous year's level.」
Tenant occupancy rates remained broadly at the previous year's level, while the leasing business saw a slight decline in revenue. - FY2022RestatedAnnual report
「Although high occupancy rates were maintained across all leased properties, some tenants in the head office building requested rent reductions due to COVID-19, and the company accommodated those requests, resulting in a slight decline in revenue from the previous consolidated fiscal year.」
Although occupancy rates remained high across all leased properties, the company continues to describe lower revenue resulting from rent reduction requests by some tenants. - FY2022-Q3RestatedAnnual report
「In addition, although tenant occupancy rates in the real estate leasing business remained at a favorable level, revenue declined slightly year on year because some tenants requested rent reductions due to the impact of COVID-19.」
The company continues to describe lower revenue resulting from requests by some tenants for rent reductions, despite favorable tenant occupancy rates. - FY2022-Q2Lower revenue due to rent reductionsAnnual report
「In addition, although tenant occupancy rates in the real estate leasing business remained at a favorable level, revenue declined slightly year on year because some tenants requested rent reductions due to the impact of COVID-19.」
Tenant occupancy rates remained favorable, but requests from some tenants for rent reductions due to COVID-19 resulted in an actual decline in revenue. Revenue for the business as a whole fell 1.2%. - FY2022-Q1RestatedAnnual report
「In addition, revenue from the real estate leasing business increased year on year as tenant occupancy rates remained at a favorable level and the company worked to maintain rent levels.」
Revenue from the leasing business continues to increase as tenant occupancy rates remain at a favorable level and rent levels are maintained. - FY2021RestatedAnnual report
「The real estate leasing business is primarily composed of rental income from the head office building's leased offices, apartments, warehouses, parking facilities and other properties. Accordingly, occupancy rates are affected by domestic economic conditions, real estate market conditions and corporate performance. If occupancy rates decline because of a downturn in the leasing market or the aging of buildings, the performance and financial condition of the Group could be affected.」
The risk of lower occupancy rates due to real estate market conditions and building aging continues to be disclosed, with the scope of the properties covered expanded. - FY2021-Q3RestatedAnnual report
「Meanwhile, revenue from the real estate leasing business increased year on year as tenant occupancy rates remained at a favorable level, while rental income from the apartments in the Tokyo Branch building, which began operations in August of the previous year, contributed for the full fiscal year.」
The company continues to describe tenant occupancy rates as remaining at a favorable level. The full-year contribution from the apartments in the Tokyo Branch building will be recorded separately as progress in related leasing business initiatives. - FY2021-Q2RestatedAnnual report
「Revenue from the real estate leasing business increased year on year as tenant occupancy rates remained at a favorable level and the company worked to maintain rent levels.」
Revenue from the real estate leasing business continues to increase as tenant occupancy rates remain at a favorable level and rent levels are maintained. - FY2021-Q1RestatedAnnual report
「Meanwhile, revenue from the real estate leasing business increased year on year as tenant occupancy rates remained at a favorable level and the company worked to maintain rent levels.」
Revenue from the real estate leasing business continues to increase as tenant occupancy rates remain at a favorable level and rent levels are maintained. - FY2020MitigatedAnnual report
「The real estate leasing business generated revenue of ¥442 million, up 10.4% from the previous consolidated fiscal year, and operating income of ¥144 million, up 52.4%, due in part to improved tenant occupancy at the head office building.」
Improved tenant occupancy at the head office building has resulted in higher revenue and profit in the real estate leasing business. - FY2020-Q3RestatedAnnual report
「Meanwhile, revenue from the real estate leasing business increased year on year as tenant occupancy rates remained at a favorable level and the company worked to maintain rent levels.」
The company continues to cite higher revenue driven by favorable tenant occupancy rates and the maintenance of rent levels. - FY2020-Q2MitigatedAnnual report
「Meanwhile, revenue from the real estate leasing business increased year on year as tenant occupancy rates remained at a favorable level and the company worked to maintain rent levels.」
The risk of lower revenue from the real estate leasing business is declining as tenant occupancy rates remain at a favorable level and progress has been made in maintaining rent levels. - FY2020-Q1MitigatedAnnual report
「Meanwhile, revenue from the real estate leasing business increased year on year as tenant occupancy rates remained at a favorable level and the company worked to maintain rent levels.」
The real estate leasing business is generating higher revenue as tenant occupancy rates remain at a favorable level and rent levels have been maintained. - FY2019-Q3MitigatedAnnual report
「In addition, revenue from the real estate leasing business increased as efforts to strengthen tenant recruitment proved effective, improving occupancy rates, while the company also worked to maintain rent levels.」
The real estate leasing business increased revenue as stronger tenant recruitment improved occupancy rates, together with efforts to maintain rent levels. - FY2019-Q2MitigatedAnnual report
「In addition, revenue from the real estate leasing business increased as efforts to strengthen tenant recruitment proved effective, improving occupancy rates, while the company also worked to maintain rent levels.」
The real estate leasing business increased revenue as stronger tenant recruitment improved occupancy rates, together with efforts to maintain rent levels. - FY2019-Q1MitigatedAnnual report
「In the real estate leasing business, the company worked to maintain occupancy of leasable space and rental rates, resulting in a slight increase in sales.」
Efforts to maintain occupancy of leasable space and rental rates resulted in a slight increase in sales in the real estate leasing business. - FY2018-Q3RestatedAnnual report
「In the real estate leasing business, sales declined as occupancy of the head office building failed to improve, although operating profit increased as a result of cost reductions and other measures.」
Although the lack of improvement in the head office building's occupancy rate and the decline in sales continued, operating profit increased through cost reductions and other measures. - FY2018-Q2RestatedAnnual report
「In the real estate leasing business, sales declined slightly as occupancy of the head office building failed to improve, although operating profit increased slightly.」
Although the lack of improvement in the head office building's occupancy rate and the decline in sales continued, operating profit increased slightly. - FY2018-Q1RestatedAnnual report
「In addition, the real estate leasing business saw a slight decline in sales as occupancy of the head office building failed to improve.」
The lack of improvement in the head office building's occupancy rate and the decline in sales in the real estate leasing business have continued. - FY2017-Q2RestatedAnnual report
「In the real estate leasing business, the occupancy rate of the head office building failed to improve, resulting in a slight decline in sales.」
The head office building's occupancy rate continued to show no improvement, and sales were ¥171 million, down 0.2% year on year. - FY2017-Q1First statedAnnual report
「In the real estate leasing business, the occupancy rate of leasable space in the head office building failed to improve due in part to weak tenant market conditions in Osaka, resulting in sales of ¥85 million, down 1.6% year on year, and operating profit of ¥12 million.」
Weak tenant market conditions and delayed improvement in the occupancy rate resulted in lower sales.