Acquisition of Income-Producing Real Estate and Launch of Real Estate Leasing Business
First written in FY2022. 1 of 5 entries say "Advanced", first in FY2023-Q1. Latest entry: FY2026.
7 other companies' latest entry also says "Other".
- FY2026Rental loss narrowedAnnual report
「Rental income and expenses related to the relevant rental and other real estate for the consolidated fiscal year resulted in a rental loss of ¥12 million. Rental income was recorded under other operating income, and rental expenses under other operating expenses.」
The real estate leasing business centered on Hiroshima Square continued, and the rental loss narrowed from ¥14 million in the previous fiscal year to ¥12 million. - FY2025Rental loss narrowedAnnual report
「Rental income and expenses related to the relevant rental and other real estate resulted in a rental loss of ¥14 million for the consolidated fiscal year.」
The real estate leasing business centered on Hiroshima Square continued, but the rental loss narrowed from ¥42 million in the previous fiscal year to ¥14 million. - FY2024Rental loss on income-producing real estateAnnual report
「Rental income and expenses related to the relevant rental and other real estate for the consolidated fiscal year resulted in a rental loss of ¥42 million. Rental income was recorded under other operating income, and rental expenses under other operating expenses.」
The real estate leasing business acquired and commenced generated a rental loss of ¥42 million for the fiscal year. The carrying amount of income-producing real estate at the end of the fiscal year was ¥1,966 million. - FY2023-Q1AdvancedAnnual report
「This change was made because the articles of incorporation were amended at the annual general meeting of shareholders held in June 2022 to add real estate leasing and management services to the Company's business purposes, and to present the economic substance of the employee benefit scheme more appropriately.」
In connection with the commencement of the real estate leasing business, real estate leasing and management services were added to the business purposes in the articles of incorporation at the annual general meeting of shareholders held in June 2022. - FY2022First statedAnnual report
「Organizational strategy: strengthening and restructuring head-office support functions, reallocating personnel, and commencing the real estate leasing business」
The Company identified the commencement of the real estate leasing business as part of its organizational strategy. During the consolidated fiscal year, it invested ¥2,706 million, primarily in the purchase of income-producing real estate, and acquired Hiroshima Square.