Change in reportable segment names to “Building Business” and “Asset Management Business”
First written in FY2021-Q1. 2 of 4 entries say "Reframed", first in FY2021-Q1. Latest entry: FY2022-Q3.
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- FY2022-Q3RestatedAnnual report
「Following this change, the Building Business will develop, lease, manage, operate and sell properties including securities exchanges, offices, commercial facilities and housing. The Asset Management Business will manage the assets of Heiwa Real Estate REIT, Inc. and provide real estate brokerage and other services through Housing Service Co., Ltd.」
The functional categories established after the segment reorganisation from the fiscal year ending March 2022 continue to apply, with development, leasing, management, operation and sales consolidated under the Building Business and REIT management, brokerage and related activities under the Asset Management Business. - FY2022-Q1ReframedAnnual report
「Following this change, the Building Business will develop, lease, manage, operate and sell properties including securities exchanges, offices, commercial facilities and housing. The Asset Management Business will manage the assets of Heiwa Real Estate REIT, Inc. and provide real estate brokerage and other services through Housing Service Co., Ltd.」
Beyond changing the segment names, the company reorganised the business-function categories from the fiscal year ending March 2022. Development, leasing, management, operation and sales were consolidated under the Building Business, while the Asset Management Business was organised around REIT management, brokerage and related activities. - FY2021-Q2RestatedAnnual report
「From the first quarter of the current consolidated fiscal year, the names of the reportable segments formerly called the “Leasing Business” and the “Real Estate Solutions Business” have been changed to the “Building Business” and the “Asset Management Business,” respectively. This change relates solely to the names of the reportable segments and has no effect on segment information.」
The change in the reportable segment names to the “Building Business” and the “Asset Management Business” continues to be applied, and it has been reconfirmed that there is no effect on segment information. - FY2021-Q1ReframedAnnual report
「From the first quarter of the current consolidated fiscal year, the names of the reportable segments formerly called the “Leasing Business” and the “Real Estate Solutions Business” have been changed to the “Building Business” and the “Asset Management Business,” respectively. This change relates solely to the names of the reportable segments and has no effect on segment information.」
The names of the reportable segments were changed from the first quarter of FY2020. It was explained that the change was limited to the names and had no effect on segment information.