Real Estate Business: Higher Revenue but Lower Profit Amid Struggles
First written in FY2017-Q2. 11 of 40 entries say "Restated". Latest entry: FY2027-H1.
Wakita & moved to the "Worse" side of this theme in 2026, 1 year after the typical company in this theme (2025).
The whole theme swung hardest in 2020: 3 of 20 companies on the "Worse" side.
5 other companies' latest entry also says "Worsened".
- FY2027-H1WorsenedAnnual report
「In the real estate business, utilization rates for the office buildings, condominiums and hotels held by the rental division remained firm. However, hotel rates declined after the Osaka-Kansai Expo closed, resulting in lower revenue and profit. As a result, revenue for the real estate business as a whole was ¥2.840 billion, down 0.7% year on year, and segment profit was ¥962 million, down 4.6%.」
Property and hotel utilization remained firm, but the decline in hotel rates after the Osaka-Kansai Expo closed has translated into actual decreases in revenue and profit. - FY2026WorsenedAnnual report
「Meanwhile, profit in the sales division declined due to the absence of the ¥759 million gain on sales of income-producing properties recorded in the previous year. As a result, revenue from the real estate business was ¥5.597 billion, down 25.2% from the previous fiscal year, while segment profit was ¥1.843 billion, down 26.4%.」
While the hotel business and leasing division remained solid, the real estate business recorded declines in both revenue and profit for the full year due to the absence of the gain on sales of income-producing properties recorded in the previous year. - FY2026-H1MitigatedAnnual report
「The hotel business remained solid, supported in part by the Osaka-Kansai Expo, and both revenue and profit increased.」
While results had fluctuated through the previous interim period depending on whether income-producing properties were sold and due to higher leasing costs, solid occupancy rates at commercial buildings and condominiums and strong hotel operations resulted in revenue and profit growth in the current interim period. - FY2025-H1Revenue and profit decline in the interim period due to no income-producing property salesAnnual report
「As a result, revenue for the real estate business as a whole was ¥2.746 billion, down 22.6% year on year, while segment profit was ¥939 million, down 11.3%.」
Although occupancy rates in the leasing division, hotel operations and costs improved, no income-producing properties were sold through the interim period, unlike in the same period of the previous year, resulting in declines in both revenue and profit for the real estate business as a whole. - FY2025-Q1MitigatedAnnual report
「In the real estate business, occupancy rates at commercial buildings, condominiums and other properties held in the leasing division remained solid, and hotel operations also recovered. In addition, revenue and profit increased as leasing costs, including utility and repair expenses, were optimized.」
The first quarter improved from revenue growth and profit decline in the first quarter of the previous fiscal year to revenue and profit growth, supported by recovery in property and hotel occupancy rates and the optimization of leasing costs. - FY2024Higher revenue and profit continued for the full yearAnnual report
「As a result, revenue from the real estate business was ¥7.038 billion, up 21.0% from the previous fiscal year, while segment profit was ¥2.072 billion, up 30.7%.」
The real estate business recorded revenue and profit growth for the full year, supported by sales of income-producing rental properties, solid occupancy rates at properties held and strong hotel operations. - FY2024-Q3RestatedAnnual report
「In the real estate business, occupancy rates at commercial buildings, condominiums and other properties held in the leasing division remained solid, and hotel operations also remained strong. As a result, revenue for the real estate business as a whole was ¥4.897 billion, up 9.0% year on year, while segment profit was ¥1.466 billion, up 14.3%.」
Solid occupancy rates at properties held and strong hotel operations have sustained revenue and profit growth in the real estate business. - FY2024-Q2MitigatedAnnual report
「In the real estate business, the sales division sold income-producing rental properties in Hiroshima Prefecture as planned at the beginning of the period. In addition, occupancy rates at commercial buildings, condominiums and other properties held in the leasing division remained solid, and hotel operations also showed signs of recovery. As a result, revenue for the real estate business as a whole was ¥3.548 billion, up 10.4% year on year, while segment profit was ¥1.059 billion, up 22.1%.」
Revenue and profit in the real estate business increased due to sales of income-producing rental properties, solid occupancy rates at properties held and a recovery in hotel operations, improving from the profit decline caused by higher leasing costs in the previous quarter. - FY2024-Q1WorsenedAnnual report
「As a result, revenue for the real estate business as a whole was ¥1.354 billion, up 6.6% year on year, while segment profit was ¥419 million, down 4.6% year on year.」
The first quarter recorded revenue growth, compared with revenue and profit growth for the previous full fiscal year and flat profit in the same period of the previous year, while segment profit declined due to higher leasing costs. - FY2023Shift to higher sales and profitAnnual report
「As a result, revenue from the real estate business was ¥5.817 billion, up 9.4% from the previous fiscal year, while segment profit was ¥1.585 billion, up 30.4%.」
The business shifted from revenue growth and profit decline in the previous fiscal year to revenue and profit growth for the full year, driven by solid occupancy rates at commercial buildings, condominiums and other properties, a recovery in hotel operations and income-producing property sales. - FY2023-Q3RestatedAnnual report
「In the real estate business, occupancy rates at commercial buildings, condominiums and other properties held in the leasing division remained solid. The sales of income-producing properties in the second quarter also contributed to profit, resulting in revenue and profit growth. As a result, revenue for the real estate business as a whole was ¥4.494 billion, up 11.1% year on year, while segment profit was ¥1.282 billion, up 43.2%.」
Solid occupancy rates at properties held and the contribution from income-producing property sales in the second quarter allowed revenue and profit growth in the real estate business to continue through the third quarter cumulatively. - FY2023-Q2Revenue and profit growth driven by income-producing property salesAnnual report
「In the real estate business, occupancy rates at commercial buildings, condominiums and other properties held in the leasing division remained solid. The sales division also recorded revenue and profit growth due to sales of income-producing properties.」
The business shifted from lower revenue and flat profit in the first quarter of the previous fiscal year, when there were no income-producing property sales, to revenue and profit growth in the six months ended the second quarter, driven by income-producing property sales. - FY2023-Q1Revenue decline and flat profit due to no income-producing property salesAnnual report
「In the real estate business, revenue and profit in the leasing division were broadly in line with the same period of the previous year, while the sales division, which had recorded sales in the previous fiscal year, had no income-producing property sales in the first quarter. As a result, revenue for the real estate business as a whole was ¥1.270 billion, down 2.3% year on year, while segment profit was ¥439 million, unchanged year on year.」
While the leasing division was broadly in line with the same period of the previous year, the sales division declined due to the absence of income-producing property sales, resulting in lower revenue and flat profit for the real estate business as a whole. - FY2022WorsenedAnnual report
「As a result, revenue from the real estate business was ¥5.318 billion, up 6.4% from the previous fiscal year, while segment profit was ¥1.216 billion, down 14.5%.」
While solid occupancy rates at properties held supported revenue growth, profit declined due to major repair work and initial costs related to the hotel opening. - FY2022-Q3WorsenedAnnual report
「As a result, revenue for the real estate business as a whole was ¥4.045 billion, up 8.8% year on year, while segment profit was ¥895 million, down 16.0% year on year.」
While solid occupancy rates and repair work supported revenue growth, profit declined 16.0% year on year due to major repair work and initial costs related to the hotel opening. - FY2022-Q2Revenue growth with a slight decline in profit due to major repairs and renovationsAnnual report
「In the real estate business, occupancy rates at commercial buildings, condominiums and other properties held in the leasing division remained solid. However, major repair and renovation work, including energy-saving and power-saving investments, was carried out to enhance the asset value of the properties held. As a result, revenue for the real estate business as a whole was ¥2.539 billion, up 5.2% year on year, while segment profit was ¥723 million, down 0.1% year on year.」
While solid occupancy rates drove revenue growth, profit declined slightly due to major repairs and other work, including energy-saving and power-saving investments aimed at enhancing asset value. - FY2022-Q1Shift to revenue and profit growth on solid occupancy ratesAnnual report
「In the real estate business, occupancy rates at commercial buildings, condominiums and other properties held in the leasing division remained solid, driving growth in both revenue and profit. As a result, revenue for the real estate business as a whole was ¥1.3 billion, up 4.3% year on year, while segment profit was ¥440 million, up 19.3% year on year.」
The first quarter shifted from the revenue and profit declines seen in the previous full fiscal year and from the second quarter of the previous fiscal year onward to revenue and profit growth, as occupancy rates at properties held remained solid. - FY2021RestatedAnnual report
「In the real estate business, revenue from the leasing division remained broadly flat. However, revenue from the sales division declined because no income-producing properties were sold during the period, unlike in the previous fiscal year. As a result, the business as a whole recorded declines in both revenue and profit.」
While the leasing division remained broadly flat, the absence of income-producing property sales resulted in declines in both revenue and profit for the real estate business for the full year. - FY2021-Q3RestatedAnnual report
「In the real estate business, revenue from the leasing division remained broadly flat. However, revenue from the sales division declined because no income-producing properties were sold during the period, unlike in the same period of the previous year. As a result, revenue and profit declined.」
While the leasing division remained broadly flat, the sales division recorded lower revenue due to the absence of income-producing property sales, resulting in declines in both revenue and profit for the real estate business as a whole. - FY2021-Q2WorsenedAnnual report
「In the real estate business, revenue from the leasing division progressed steadily. However, revenue from the sales division declined because no income-producing properties were sold during the period, unlike in the same period of the previous year. As a result, the real estate business as a whole recorded declines in both revenue and profit.」
Due to the absence of income-producing property sales, the real estate business as a whole shifted from revenue growth and profit growth in the previous quarter to declines in both revenue and profit for the six months ended the second quarter. - FY2021-Q1Change to lower revenue and higher earningsAnnual report
「In the Real Estate Business, sales in the rental division remained broadly flat. However, sales in the sales division declined because no income-producing properties were sold during the current quarter, despite such a sale having been recorded in the year-earlier quarter, resulting in lower revenue but higher profit for the business as a whole.」
Although revenue declined due to the absence of income-producing property sales, profit increased, shifting from revenue growth and profit decline in the first quarter of the previous fiscal year to revenue decline and profit growth. - FY2020RestatedAnnual report
「In the Real Estate Business, sales in the rental division progressed steadily. However, the sales division had no sale of an income-producing property this fiscal year, despite a sale having been recorded in the previous fiscal year, resulting in lower revenue and profit for the business as a whole.」
Although the rental division remained steady, the Real Estate Business as a whole posted lower revenue and profit because no income-producing properties were sold; this pattern is reiterated. - FY2020-Q3RestatedAnnual report
「In the Real Estate Business, sales in the rental division progressed steadily. However, the sales division had no sale of an income-producing property during the cumulative third quarter, resulting in lower revenue and profit for the business as a whole.」
The rental division remained steady, but the Real Estate Business as a whole posted lower revenue and profit because no income-producing properties were sold; this situation is reiterated. - FY2020-Q2Shift from higher revenue and profit to lower revenue and profitAnnual report
「In the Real Estate Business, sales in the rental division progressed steadily. However, the sales division had no sale of an income-producing property this fiscal year, despite such a sale contributing to results in the previous fiscal year, resulting in lower revenue and profit for the business as a whole.」
From higher revenue and profit in the previous quarter driven by the rental division, the Real Estate Business as a whole shifted to lower revenue and profit in the cumulative second quarter because no income-producing properties were sold. - FY2020-Q1Changed to higher revenue and lower profitAnnual report
「As a result, sales for the Real Estate Business as a whole were ¥1.417 billion, up 12.0% year on year, while segment profit was ¥356 million, down 14.1%.」
From higher revenue and profit for the full previous fiscal year and in the first quarter of the previous fiscal year, the business shifted to higher revenue but lower profit in the current quarter, with sales increasing while segment profit declined. - FY2019RestatedAnnual report
「In the Real Estate Business, sales of income-producing properties in the sales division boosted both sales and profit. In addition, the rental division maintained a solid occupancy rate for its rental properties, resulting in sales of ¥5.886 billion, up 27.4% from the previous fiscal year, and segment profit of ¥1.710 billion, up 20.4%.」
The Real Estate Business posted higher revenue and profit for the full fiscal year, driven by progress on sales of income-producing properties and a solid occupancy rate for rental properties. - FY2019-Q3RestatedAnnual report
「In the Real Estate Business, progress on the sale of income-producing properties in the sales division resulted in sharply higher revenue and profit for the business as a whole.」
The Real Estate Business continues to post sharply higher revenue and profit through the cumulative third quarter, driven by progress on sales of income-producing properties. - FY2019-Q2Sharp increase in revenue and profit driven by progress on rental-building salesAnnual report
「In the Real Estate Business, progress on a rental-building sale in the sales division resulted in sharply higher revenue and profit for the business as a whole. As a result, sales for the Real Estate Business as a whole were ¥3.725 billion, up 52.8% year on year, while segment profit was ¥1.174 billion, up 62.6%.」
From higher revenue and profit in the first quarter, driven mainly by the rental division, the cumulative second quarter saw a sharp increase in revenue and profit as progress on the rental-building sale in the sales division was added. - FY2019-Q1Shift to higher revenue and profit in the first quarterAnnual report
「In the Real Estate Business, steady performance in the rental division resulted in higher sales and profit for the business as a whole. As a result, sales for the Real Estate Business as a whole were ¥1.265 billion, up 6.6% year on year, while segment profit was ¥414 million, up 13.8%.」
Although the previous fiscal year as a whole saw lower revenue and profit because no rental buildings were sold, the business posted higher revenue and profit in the current quarter on steady performance in the rental division. - FY2018WorsenedAnnual report
「In the Real Estate Business, sales and profit in the rental division progressed steadily. However, the sales division had no sales of rental buildings this fiscal year, unlike the previous fiscal year, resulting in lower revenue and profit for the business as a whole.」
From higher revenue and profit in the previous fiscal year, the business shifted to lower revenue and profit for the full fiscal year because no rental buildings were sold. - FY2018-Q3RestatedAnnual report
「In the Real Estate Business, sales and profit in the rental division progressed steadily. In the sales division, sales of residential land contributed to results, resulting in higher revenue and profit for the business as a whole. As a result, sales for the Real Estate Business as a whole were ¥3.539 billion, up 14.9% year on year, while segment profit was ¥1.064 billion, up 7.8%.」
The Real Estate Business continues to post higher revenue and profit, supported by steady performance in the rental division and contributions from residential land sales. - FY2018-Q2RestatedAnnual report
「In the Real Estate Business, sales and profit in the rental division progressed steadily. In the sales division, sales of residential land contributed to results, resulting in higher revenue and profit for the business as a whole.」
The company continues to explain that steady performance in the rental division and contributions from residential land sales resulted in higher revenue and profit for the Real Estate Business as a whole. - FY2018-Q1RestatedAnnual report
「In the Real Estate Business, sales and profit in the rental division progressed steadily. In the sales division, sales of residential land contributed to results, resulting in higher revenue and profit for the business as a whole.」
The company continues to explain that steady performance in the rental division and contributions from residential land sales resulted in higher revenue and profit for the Real Estate Business as a whole. - FY2017Shift to higher revenue and profit for the full yearAnnual report
「As a result, sales for the Real Estate Business as a whole were ¥6.925 billion, up 50.7% from the previous fiscal year, while operating profit was ¥1.861 billion, up 24.0%.」
From lower revenue and profit in the cumulative third quarter, the business posted higher revenue and profit for the full fiscal year, partly due to progress on the sale of an income-producing building. - FY2017-Q3WorsenedAnnual report
「Sales for the Real Estate Business as a whole were ¥3.081 billion, down 14.9% year on year, while operating profit was ¥988 million, down 19.6%.」
From higher revenue but lower profit on a cumulative basis in the previous quarter, sales fell below the year-earlier level in the cumulative third quarter, while the decline in operating profit also widened. - FY2017-Q2First statedAnnual report
「Sales for the Real Estate Business as a whole were ¥2.082 billion, up 2.6% year on year, while operating profit was ¥684 million, down 14.8%.」
While sales in the Real Estate Business increased, operating profit fell below the year-earlier level.