Declines in revenue and earnings in the real estate leasing business due to tenant departures and expansion construction costs
First written in FY2021-Q1. 7 of 22 entries say "Mitigated", first in FY2022-Q1. Latest entry: 2026-11-12.
The whole theme swung hardest in 2019: 2 of 6 companies on the "Worse" side.
0 other companies' latest entry also says "Worsened".
- 2026-11-12WorsenedResults
「The real estate leasing business is centred on tenant management at “Shopping Town Aozora” in Nagano City. Although tenant occupancy remained stable amid economic expansion, rent revenue was ¥73 million, up 0.2% year on year, and operating profit was ¥23 million, down 5.9% year on year, due to repair investigations conducted for some tenants.」
テナント入居は安定している一方、一部テナントの修繕調査により営業利益が減少している。 - FY2027-H1WorsenedAnnual report
「The real estate leasing business is centred on tenant management at “Shopping Town Aozora” in Nagano City. Although tenant occupancy remained stable amid economic expansion, rent revenue was ¥73 million, up 0.2% year on year, and operating profit was ¥23 million, down 5.9% year on year, due to repair investigations conducted for some tenants.」
Tenant occupancy remained stable, while repair investigations for some tenants resulted in a 5.9% year-on-year decline in operating profit. - 2026-08-12WorsenedResults
「景気の拡大によりテナントの入居が安定推移しましたが、一部テナントの修繕調査を実施したことにより、賃料収入は36百万円（前年同四半期比0.2％減）となり、営業利益は12百万円（前年同四半期比4.3％減）となりました。」
テナント入居は安定している一方、修繕調査の実施により賃料収入と営業利益が前年同期を下回っている。 - FY2026MitigatedAnnual report
「Tenant occupancy remained stable as the economy expanded. Rental income was ¥147 million, down 0.5% year on year, while operating profit was ¥50 million, up 0.7%.」
Tenant occupancy remained stable, and although rental income declined slightly, operating profit increased 0.7% year on year. - 2026-05-13MitigatedRevisions to earnings forecasts
「Tenant occupancy remained stable as the economy expanded. Rental income was ¥147 million, down 0.5% year on year, while operating profit was ¥50 million, up 0.7%.」
テナント入居が安定し、賃料収入は微減ながら不動産賃貸事業の営業利益は増加している。 - FY2026-H1MitigatedAnnual report
「Tenant occupancy remained stable as the economy expanded. Rental income was ¥73 million, down 1.2% year on year, while operating profit was ¥25 million, up 4.2%.」
Tenant occupancy remained stable, and although rental income declined slightly, operating profit increased 4.2% year on year. - FY2025WorsenedAnnual report
「The economy continued to recover gradually, but some vacancies resulting from tenant turnover and higher repair costs weighed on results. Rental income was ¥148 million, down 0.2% year on year, while operating profit was ¥49 million, down 6.9%.」
Some vacancies resulting from tenant turnover and higher repair costs led to a 0.2% decline in rental income and a 6.9% decline in operating profit. - FY2025-H1WorsenedAnnual report
「Tenant occupancy remained stable as the economy gradually recovered, but repair costs for some tenants increased. Rental income was ¥73 million, up 0.2% year on year, while operating profit was ¥24 million, down 10.4%.」
Tenant occupancy remained stable, but higher repair costs for some tenants reduced operating profit by 10.4% year on year. - FY2024AdvancedAnnual report
「After changing certain food-service outlets operated by the Company to leased operations, among other measures, rental income was ¥148 million, up 18.2% year on year, while operating income was ¥53 million, up 19.8% year on year.」
The conversion of Company-operated food-service outlets to leased operations, among other measures, increased rental income by 18.2% and operating income by 19.8%. - FY2024-Q3AdvancedAnnual report
「After changing certain food-service outlets operated by the Company to leased operations, among other measures, rental income was ¥110 million, up 18.1% year on year, while operating income was ¥39 million, up 26.2% year on year.」
The conversion of Company-operated food-service outlets to leased operations, among other measures, increased rental income by 18.1% and operating income by 26.2%. - FY2024-Q2AdvancedAnnual report
「After changing certain food-service outlets operated by the Company to leased operations, among other measures, rental income was ¥73 million, up 17.2% year on year, while operating income was ¥27 million, up 19.6% year on year.」
The conversion of Company-operated food-service outlets to leased operations, among other measures, increased rental income by 17.2% and operating income by 19.6%. - FY2024-Q1AdvancedAnnual report
「After changing certain food-service outlets operated by the Company to leased operations, among other measures, rental income was ¥36 million, up 16.0% year on year, while operating income was ¥13 million, up 20.4% year on year.」
The conversion of Company-operated food-service outlets to leased operations increased rental income by 16.0% and operating income by 20.4%. - FY2023RestatedAnnual report
「After changing certain sections operated by the Company since the second half of the previous fiscal year to leased operations, rental income was ¥125 million, up 2.0% year on year, while operating income was ¥44 million, down 0.2% year on year.」
Rental income continued to increase as sections operated by the Company were converted to leased operations, while operating income was essentially flat year on year. - FY2023-Q3RestatedAnnual report
「The real estate leasing business is conducted mainly through tenant management at Shopping Town Aozora in Nagano City. After changing certain sections operated by the Company since the second half of the previous fiscal year to leased operations, rental income was ¥93 million, up 3.1% year on year, while operating income was ¥31 million, down 0.8% year on year.」
Rental income continued to increase as sections operated by the Company were converted to leased operations, while operating income declined 0.8% year on year. - FY2023-Q2MitigatedAnnual report
「After changing certain sections operated by the Company since the second half of the previous fiscal year to leased operations, rental income was ¥62 million, up 6.3% year on year, while operating income was ¥22 million, up 2.8% year on year.」
Rental income increased 6.3% and operating income also increased 2.8% as sections operated by the Company were converted to leased operations. - FY2022-Q3MitigatedAnnual report
「After changing certain sections previously operated by the Company to leased operations, rental income was ¥91 million, up 12.1% year on year, while operating income was ¥31 million, up 12.9% year on year.」
Rental income and operating income exceeded the same period of the previous year as sections operated by the Company were converted to leased operations, improving the previous decline in revenue and earnings caused by tenant departures and expansion construction costs. - FY2022-Q2MitigatedAnnual report
「Rental income was ¥59 million, up 13.2% year on year, due to the opening of new tenants, while operating income was ¥22 million, up 23.5% year on year.」
Rental income and operating income exceeded the same period of the previous year due to the opening of new tenants, improving the decline in revenue and earnings caused by tenant departures and expansion construction costs through the previous period. - FY2022-Q1MitigatedAnnual report
「Rental income was ¥28 million, up 15.8% year on year, due to the opening of certain tenants, while operating income was ¥10 million, up 53.8% year on year.」
Rental income and operating income increased due to the opening of certain tenants, improving the risk of lower revenue and earnings from tenant departures and construction costs described in the previous period. - FY2021RestatedAnnual report
「Rental income was ¥109 million, up 2.1% year on year, due to tenant expansions and openings and departures, while operating income was ¥40 million, down 13.1% year on year, due to higher selling, general and administrative expenses associated with expansion construction work.」
The pattern of higher rental income and lower earnings due to tenant expansions, openings and departures and expansion construction costs continued for the full fiscal year. - FY2021-Q3RestatedAnnual report
「Rental income was ¥81 million, up 0.7% year on year, due to the expansion of premises by and departure of certain tenants, while operating income was ¥28 million, down 20.5% year on year, due to higher selling, general and administrative expenses associated with expansion construction work.」
Tenant expansions and departures occurred concurrently, and rental income rose slightly, while operating income declined 20.5% due to higher selling, general and administrative expenses associated with expansion construction work. - FY2021-Q2RestatedAnnual report
「The real estate leasing business is conducted mainly through tenant management at Shopping Town Aozora in Nagano City. Rental income was ¥52 million, down 2.0% year on year, due to the expansion of premises by and departure of certain tenants, while operating income was ¥17 million, down 30.6% year on year, due to higher selling, general and administrative expenses associated with expansion construction work.」
Tenant expansions and departures occurred concurrently, with rental income down 2.0% and operating income down 30.6% due to higher selling, general and administrative expenses associated with expansion construction work. - FY2021-Q1First statedAnnual report
「Rental income was ¥24 million, down 6.5% year on year, due to the departure of certain tenants, while operating income was ¥6 million, down 44.7% year on year, due to higher selling, general and administrative expenses associated with expansion construction work.」
Rental income and operating income were below the same period of the previous year due to the departure of certain tenants and higher selling, general and administrative expenses associated with expansion construction work.