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Chuo Gyorui (8030) · FactProfit growth despite higher repair costs amid full-year revenue decline

Lower revenue and profit in the real estate leasing business due to fewer move-ins and move-outs

First written in FY2017-Q2. 18 of 30 entries say "Restated". Latest entry: FY2026.

30entries
11years
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How it moved
ProgressHeldSoftenedWorseRestatedFY2017-Q2 – FY2018-Q3RestatedFY2019 – FY2021ReframedFY2024-Q1 – FY2025-H12016: 12017: 220172018: 320182019: 420192020: 220202021: 420212022: 420222023: 420232024: 220242025: 220252026: 22026
Same theme, other companies
Deterioration in real estate leasing earnings due to lower tenant move-in and move-out frequencyA theme 1 companies write about · 1 as a headwind · 0 as a tailwind

No other company in this theme has enough history to compare yet.

Full recordFilings, disclosures and news, newest first
  1. FY2026Profit growth despite higher repair costs amid full-year revenue declineAnnual report

    「In the real estate leasing business, revenue was ¥586 million, down 2.6% year on year. Although repair costs and other expenses increased, segment profit was ¥590 million, up 7.2%.」

    Performance changed from lower revenue and profit due to higher repair costs and other expenses in the previous fiscal year to higher segment profit in the current fiscal year despite lower revenue and higher repair costs and other expenses.
  2. 2026-05-15ReframedResults

    「In the real estate leasing business, revenue was ¥586 million, down 2.6% year on year. Although repair costs and other expenses increased, segment profit was ¥590 million, up 7.2%.」

    賃貸事業は減収・修繕費増加の一方、セグメント利益は増加する内容へ変化した。
  3. FY2026-H1ReframedAnnual report

    「During the six-month period ended [the current interim period], revenue was ¥359 million, up 19.2% year on year, and segment profit was ¥299 million, up 8.8%.」

    The six-month period ended [the current interim period] generated higher revenue and profit, compared with the lower revenue and profit due to repair costs and other expenses reported for the previous fiscal year and the previous interim period.
  4. FY2025RestatedAnnual report

    「In the real estate leasing business, revenue was ¥602 million, down 3.9% year on year, while segment profit was ¥550 million, down 2.2%, due to higher repair costs and other expenses.」

    Performance changed from higher profit through the third quarter of the previous fiscal year due to improved earnings at the Toyomi Distribution Center and other factors to lower revenue and profit in the current fiscal year due to higher repair costs and other expenses.
  5. FY2025-H1ReframedAnnual report

    「During the six-month period ended [the current interim period], revenue was ¥301 million, down 6.9% year on year, while higher repair costs resulted in segment profit of ¥275 million, down 4.5%.」

    Performance changed from higher profit through the third quarter of the previous fiscal year due to improved earnings at the Toyomi Distribution Center and other factors to lower revenue and profit in the first half due to higher repair costs.
  6. FY2024-Q3ReframedAnnual report

    「During the nine-month period ended [the current third quarter], improved earnings at the Toyomi Distribution Center resulted in revenue of ¥469 million, down 1.9% year on year, and segment profit of ¥425 million, up 3.4%.」

    Performance changed from higher revenue and profit driven by increased rental income in the previous quarter to higher segment profit despite lower revenue due to improved earnings at the Toyomi Distribution Center.
  7. FY2024-Q2Higher revenue and profit from increased rental income and improved earnings at the Toyomi Distribution CenterAnnual report

    「During the six-month period ended [the current second quarter], increased rental income resulted in revenue of ¥323 million, up 1.9% year on year, while improved earnings at the Toyomi Distribution Center resulted in segment profit of ¥288 million, up 10.5%.」

    The description of the performance factors changed from higher profit due to lower expenses in the first quarter to higher revenue and profit due to increased rental income and improved earnings at the Toyomi Distribution Center.
  8. FY2024-Q1ReframedAnnual report

    「During the three-month period ended [the current first quarter], revenue was ¥157 million, down 18.9% year on year, while lower expenses resulted in segment profit of ¥144 million, up 13.8%.」

    Performance changed from the previous fiscal year’s full-year higher revenue and profit driven by the operation of the Toyomi Distribution Center and other factors to lower revenue but higher profit in the current first quarter due to lower expenses.
  9. FY2023RestatedAnnual report

    「The real estate leasing business generated revenue of ¥629 million, up 15.7% year on year, following the start of operations at the Toyomi Distribution Center, while segment profit was ¥542 million, up 27.1%.」

    Full-year higher revenue and profit in the real estate leasing business were confirmed, supported by the start of operations at the Toyomi Distribution Center and improved occupancy rates at leased properties.
  10. FY2023-Q3RestatedAnnual report

    「During the nine-month period ended [the current third quarter], higher occupancy rates resulted in revenue of ¥478 million, up 16.8% year on year, and segment profit of ¥410 million, up 23.0%.」

    As in the second quarter, higher revenue and profit in the real estate leasing business, supported by improved occupancy rates at leased properties, were confirmed.
  11. FY2023-Q2RestatedAnnual report

    「During the six-month period ended [the current second quarter], higher occupancy rates resulted in revenue of ¥317 million, up 12.1% year on year, and segment profit of ¥261 million, up 19.0%.」

    As in the previous quarter, higher revenue and profit in the real estate leasing business, supported by improved occupancy rates at leased properties, were confirmed.
  12. FY2023-Q1Higher revenue and profit from rental income at the Toyomi Logistics CenterAnnual report

    「During the first quarter of the current consolidated cumulative period, higher occupancy rates at the rental properties and increased rental income from the Toyomi Logistics Centre resulted in revenue of ¥193 million, up 48.6% year on year, and segment profit of ¥126 million, up 7.5%.」

    Business performance changed from lower rental income and profit due to property sales and other factors, as reported in the previous fiscal year, to higher revenue and profit supported by improved occupancy rates and increased rental income at the Toyomi Logistics Center.
  13. FY2022RestatedAnnual report

    「In the real estate leasing business, revenue was ¥544 million, down 3.2% year on year, while segment profit was ¥426 million, down 17.3%, due to higher operating expenses at 株式会社豊海.」

    The real estate leasing business’s lower revenue and profit were confirmed in the full-year results, driven by higher operating expenses at 株式会社豊海.
  14. FY2022-Q3RestatedAnnual report

    「(Real estate leasing business) During the nine-month period ended [the current third quarter], rental income declined due to the sale of properties in the previous fiscal year, and repair costs increased, resulting in revenue of ¥409 million and segment profit of ¥334 million, down 12.7% year on year.」

    The decline in profit in the real estate leasing business due to lower rental income following the sale of properties in the previous fiscal year and higher repair costs continued through the cumulative third quarter.
  15. FY2022-Q2RestatedAnnual report

    「During the six-month period ended [the current second quarter], rental income declined due to the sale of properties in the previous fiscal year, resulting in revenue of ¥283 million and segment profit of ¥219 million, down 15.4% year on year.」

    The decline in profit in the real estate leasing business due to lower rental income following the sale of properties in the previous fiscal year continued through the cumulative second quarter.
  16. FY2022-Q1ReframedAnnual report

    「(Real estate leasing business) During the three-month period ended [the current first quarter], rental income declined due to the sale of properties in the previous fiscal year, resulting in revenue of ¥130 million and segment profit of ¥118 million, down 4.4% year on year.」

    The description of the performance factors changed from higher revenue and profit supported by high occupancy rates and increased rental income to lower rental income and profit due to the sale of properties in the previous fiscal year.
  17. FY2021RestatedAnnual report

    「In the real estate leasing business, revenue was ¥561 million, up 1.4% from the previous consolidated fiscal year, while segment profit was ¥515 million, up 2.7%.」

    The trend of higher revenue and profit in the real estate leasing business continued for the full year.
  18. FY2021-Q3RestatedAnnual report

    「During the nine-month period ended [the current third quarter], rental income increased, resulting in revenue of ¥548 million, up 1.5% year on year, and segment profit of ¥382 million, up 6.9%.」

    Higher revenue and profit in the real estate leasing business, supported by increased rental income, continued through the cumulative third quarter.
  19. FY2021-Q2RestatedAnnual report

    「In the real estate leasing business, rental income increased, resulting in revenue of ¥283 million, up 5.5% year on year, and segment profit of ¥259 million, up 5.9%.」

    The real estate leasing business continued to report higher revenue and profit, with the increase in rental income reflected in actual results.
  20. FY2021-Q1RestatedAnnual report

    「During the three-month period ended [the current first quarter], the warehousing division increased, resulting in revenue of ¥136 million, up 9.9% year on year, and segment profit of ¥123 million, up 10.7%.」

    The trend of higher revenue and profit in the real estate leasing business, which began in the previous fiscal year, continued into the first quarter.
  21. FY2020-Q2RestatedAnnual report

    「In the real estate leasing business, occupancy rates at each rental property remained high, resulting in revenue of ¥268 million, up 9.8% year on year, while efforts to reduce expenses resulted in segment profit of ¥244 million, up 17.0%.」

    Higher revenue and profit in the real estate leasing business, supported by high occupancy rates that continued from the previous fiscal year, were reconfirmed in the second quarter.
  22. FY2020-Q1RestatedAnnual report

    「In the real estate leasing business, revenue reached ¥124 million, up 1.0% year on year, as a result of continued high occupancy rates at the rental properties, while segment profit reached ¥111 million, up 9.0%, due to expense reductions.」

    Higher revenue and profit in the real estate leasing business, supported by high occupancy rates that continued from the previous fiscal year, were reconfirmed in the first quarter.
  23. FY2019RestatedAnnual report

    「In the real estate leasing business, high occupancy rates resulted in revenue of ¥475 million, up 1.3% from the previous consolidated fiscal year, while cost reductions resulted in segment profit of ¥437 million, up 9.4%.」

    Higher revenue and profit supported by high occupancy rates and cost reductions were confirmed for the full year, maintaining the recovery from the previous fiscal year’s lower revenue and profit.
  24. FY2019-Q3Continued higher revenue and profit driven by high occupancy ratesAnnual report

    「In the real estate leasing business, occupancy rates at each leased property remained high, resulting in revenue of ¥350 million, up 15.8% year on year, and operating profit of ¥320 million, up 32.3%.」

    The shift from lower revenue and profit due to fewer move-ins and move-outs through the previous fiscal year to higher revenue and profit supported by high occupancy rates continued through the cumulative third quarter.
  25. FY2019-Q2RestatedAnnual report

    「In the real estate leasing business, occupancy rates at each rental property remained high, resulting in revenue of ¥244 million, up 20.9% year on year, and operating profit of ¥209 million, up 38.5%.」

    Unlike the lower revenue and profit caused by fewer move-ins and move-outs through the previous fiscal year, higher revenue and profit supported by high occupancy rates continued into the second quarter.
  26. FY2019-Q1ReframedAnnual report

    「In the real estate leasing business, revenue reached ¥123 million, up 23.0% year on year, as a result of maintaining high occupancy rates at the rental properties, while operating profit reached ¥102 million, up 64.9%.」

    Business performance changed from lower revenue and profit through the previous fiscal year due to fewer move-ins and move-outs to higher revenue and profit supported by high occupancy rates.
  27. FY2018-Q3RestatedAnnual report

    「In the real estate leasing business, revenue was ¥302 million, down 11.1% year on year, due to fewer move-ins and move-outs, while operating profit was ¥242 million, down 18.9% year on year, due to higher repair costs,」

    The real estate leasing business continued to report lower revenue and profit due to fewer move-ins and move-outs and higher repair costs.
  28. FY2018-Q2RestatedAnnual report

    「In the real estate leasing business, occupancy rates at each rental property remained high, resulting in revenue of ¥202 million, up 0.8% year on year, while operating profit fell 12.1% to ¥151 million.」

    While high occupancy rates continued, operating profit declined year on year, and the earnings trend in the leasing business was described again.
  29. FY2017-Q3RestatedAnnual report

    「In the real estate leasing business, revenue was ¥340 million, down 0.9% year on year, due to fewer move-ins and move-outs, while operating profit was ¥298 million, down 2.2% year on year,」

    The real estate leasing business continued to report lower revenue and profit in the third quarter due to fewer move-ins and move-outs.
  30. FY2017-Q2First statedAnnual report

    「In the real estate leasing business, revenue was ¥200 million, down 10.7% year on year, due to fewer move-ins and move-outs, while operating profit was ¥171 million, down 14.2% year on year.」

    The results show that revenue and operating profit in the real estate leasing business fell below the same period of the previous year due to fewer move-ins and move-outs.
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Lower revenue and profit in the real estate leasing business due to fewer move-ins and move-outs | Chuo Gyorui Co.,Ltd. (8030) | Komori