Effective utilization of aging real estate assets
First written in FY2018. 2 of 5 entries say "Restated". Latest entry: FY2023.
No other company in this theme has enough history to compare yet.
- FY2023MitigatedAnnual report
「The main decreases during the fiscal year were a ¥78 million decrease due to the sale of Will Funabashi and a ¥24 million decrease due to the sale of Family Town Toyo.」
In line with the policy of effectively utilizing owned real estate assets, the sale of Will Funabashi and Family Town Toyo was completed, reducing the carrying amount of real estate held for rental and other purposes. - FY2022RestatedAnnual report
「We will maintain high occupancy rates by considering large-scale renovations, rebuilding and sales of aging properties, as well as improving services and strengthening maintenance at our existing rental properties.」
The policy of considering renovations, rebuilding and sales of aging properties, while maintaining high occupancy rates through services and maintenance at existing rental properties, continues. - FY2021MitigatedAnnual report
「Our Group's net sales amounted to ¥187,697 million, down 3.2% from the previous consolidated fiscal year, due to a decline in sales to commercial customers in the seafood wholesale business. Profit increased as a result of an improved gross profit margin, with operating income of ¥1,422 million, up 29.8%, and ordinary income of ¥1,707 million, up 41.2%. In addition, due mainly to gains on the sale of property, plant and equipment from the sale of aging buildings, net income attributable to owners of the parent amounted to ¥1,256 million, up 83.9%.」
The sale of aging buildings was completed, providing some tangible results from the effective utilization and rationalization of aging real estate assets. - FY2019RestatedAnnual report
「Some of our other real estate properties are also aging, and we will continue considering ways to utilize these assets effectively.」
The policy of considering effective utilization of aging real estate assets continues to be presented. - FY2018First statedAnnual report
「Many of our other real estate properties have also aged, having been built more than 40 years ago, and we will continue considering ways to utilize these assets effectively.」
The fact that several real estate properties have aged more than 40 years since construction is identified as a risk, and consideration of effective asset utilization is progressing.