Conversion of Headquarters and Warehouses to Rental Properties
First written in FY2016-Q3. 5 of 6 entries say "Advanced", first in FY2016. Latest entry: FY2025.
The whole theme swung hardest in 2022: 2 of 19 companies on the "Worse" side.
16 other companies' latest entry also says "Advanced".
- FY2025AdvancedAnnual report
「The company is making active investments, including repair work intended to increase the asset value of its Tokyo head office building, to put into practice its vision of creating a “new brand.”」
The company continued active investment in the Tokyo head office building, including repair work intended to increase its asset value. Total capital expenditures for the fiscal year were ¥233,632 thousand, including ¥132,108 thousand for Phase 2 of the Tokyo head office renovation. - FY2024AdvancedAnnual report
「The company also recorded expenses for repair work intended to increase the asset value of its Tokyo head office building.」
Under the existing theme concerning the use of head office and other assets, the company carried out repair work to increase the asset value of the Tokyo head office building and recorded capital expenditures of ¥173,311 thousand. - FY2017AdvancedAnnual report
「The main increase during the consolidated fiscal year was land changed from a common asset to a rental property, amounting to ¥1,716,962 thousand. The main decrease was depreciation and amortization of ¥39,706 thousand.」
The change from common assets to rental properties was reflected in an increase in the carrying amount of investment property, advancing the expansion of rental assets. - FY2017-Q3AdvancedAnnual report
「For the west annex of the former Osaka head office, following the decision during the third quarter accounting period to change its use from a common asset to a rental property, the carrying amount was reduced to its recoverable amount. The reduction of ¥226,778 thousand was recorded as an impairment loss under extraordinary losses, comprising land of ¥197,600 thousand, buildings and structures, including removal costs, of ¥29,169 thousand, and other tangible fixed assets of ¥9 thousand.」
The company also resolved to change the use of the west annex of the former Osaka head office from a common asset to a rental property. - FY2016AdvancedAnnual report
「The Osaka head office was relocated to the Deliport logistics center effective 29 August 2016.」
The Osaka head office was relocated to the Deliport logistics center on 29 August 2016. - FY2016-Q3First statedAnnual report
「The company resolved and announced that, to make effective use of its management resources, it would convert portions of the Osaka and Tokyo head office buildings used for its own operations into rental space, changing their use from common assets to rental properties that generate income.」
The company plans to convert portions of the Tokyo and Osaka head offices and other facilities used for its own operations into rental space, generating income from common assets.