Komori
Heiwa Real Estate (8803) · RiskWorsened

Dependence on rental income from the Tokyo Stock Exchange Building and revenue from specific customers

First written in FY2017. 13 of 18 entries say "Restated". Latest entry: FY2026.

18entries
10years
0from disclosures
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How it moved
ProgressHeldSoftenedWorseRestatedFY2017 – FY2023-Q3WorsenedFY2025 – FY20262017: 220172018: 320182019: 220192020: 120202021: 020212022: 320222023: 420232024: 120242025: 120252026: 12026
Same theme, other companies
Reliance on Rental Income from a Specific Investment PropertyA theme 2 companies write about · 2 as a headwind · 0 as a tailwind

Heiwa Real Estate moved to the "Worse" side of this theme in 2025.

0 other companies' latest entry also says "Worsened".

Ridges = years it wrote progress, valleys = years it wrote worse. Most hopeful companies at the back. Drag to turn, scroll to zoom, right-drag to pan. On a phone, two fingers turn and pinch to zoom; one finger scrolls the page.
Full recordFilings, disclosures and news, newest first
  1. FY2026WorsenedAnnual report

    「Heiwa Real Estate REIT, Inc. 15,909 31.3」

    Revenue from the major customer Heiwa Real Estate REIT, Inc. was ¥15,909 million, accounting for 31.3% of consolidated net sales, and the dependence ratio increased from 20.7% in the previous fiscal year.
  2. FY2025WorsenedAnnual report

    「Heiwa Real Estate REIT, Inc. 8,727 20.7」

    Revenue from Heiwa Real Estate REIT, Inc. was ¥8,727 million, accounting for 20.7% of consolidated net sales, up from 18.4% in the previous fiscal year.
  3. FY2024MitigatedAnnual report

    「Heiwa Real Estate REIT, Inc. 8,164 18.4」

    The major customer Heiwa Real Estate REIT, Inc.'s share of net sales declined from 30.0% in the previous fiscal year to 18.4%.
  4. FY2024-Q2RestatedAnnual report

    「During the cumulative second quarter of the current consolidated fiscal year, there were no newly arising business or other risks. In addition, there were no material changes to the business or other risks described in the annual securities report for the previous fiscal year.」

    It is stated that there are no new risks or material changes concerning rental income from the Tokyo Stock Exchange Building and dependence on revenue from a specific customer.
  5. FY2024-Q1RestatedAnnual report

    「There were no newly arising business or other risks during the cumulative first quarter. In addition, there were no material changes to the securities report for the previous fiscal year.」

    It is stated that there are no new risks or material changes concerning rental income from the Tokyo Stock Exchange Building and dependence on revenue from a specific customer.
  6. FY2023WorsenedAnnual report

    「Heiwa Real Estate REIT, Inc. 13,365 30.0」

    Revenue from the major customer, Heiwa Real Estate REIT, Inc., was ¥13,365 million, accounting for 30.0% of consolidated net sales. The dependence ratio increased from 19.8% in the previous fiscal year.
  7. FY2023-Q3RestatedAnnual report

    「No new business or other risks arose during the nine months ended [the current third quarter]. There have also been no material changes to the business and other risks described in the annual securities report for the previous fiscal year.」

    It is stated that there have been no newly arising risks or material changes concerning rental income from the Tokyo Stock Exchange Building and dependence on revenue from a specific customer.
  8. FY2023-Q2RestatedAnnual report

    「During the cumulative second quarter of the current consolidated fiscal year, there were no newly arising business or other risks. In addition, there were no material changes to the business or other risks described in the annual securities report for the previous fiscal year.」

    It is stated that there have been no newly arising risks or material changes concerning rental income from the Tokyo Stock Exchange Building and dependence on revenue from a specific customer.
  9. FY2023-Q1RestatedAnnual report

    「During the first quarter of the current consolidated fiscal year, there were no newly arising business or other risks. In addition, there were no material changes to the business or other risks described in the annual securities report for the previous fiscal year.」

    It is stated that there have been no newly arising risks or material changes concerning rental income from the Tokyo Stock Exchange Building and dependence on revenue from a specific customer.
  10. FY2022-Q3RestatedAnnual report

    「No new business or other risks arose during the nine months ended [the current third quarter]. There have also been no material changes to the business and other risks described in the annual securities report for the previous fiscal year.」

    It is stated that there are no new risks or material changes concerning rental income from the Tokyo Stock Exchange Building and dependence on revenue from a specific customer.
  11. FY2021-Q2RestatedAnnual report

    「During the cumulative second quarter of the current consolidated fiscal year, there were no newly arising business or other risks. In addition, there were no material changes to the business or other risks described in the annual securities report for the previous fiscal year.」

    It is stated that there have been no material changes concerning rental income from the Tokyo Stock Exchange Building and dependence on revenue from a specific customer.
  12. FY2020-Q1RestatedAnnual report

    「During the first quarter of the current consolidated fiscal year, there were no newly arising business or other risks. In addition, there were no material changes to the business or other risks described in the annual securities report for the previous fiscal year.」

    It is stated that there have been no material changes in the risks related to rental income from the Tokyo Stock Exchange Building and dependence on revenue from a specific customer.
  13. FY2019-Q3RestatedAnnual report

    「No new business or other risks arose during the nine months ended [the current third quarter]. There have also been no material changes to the business and other risks described in the annual securities report for the previous fiscal year.」

    It is stated that there have been no material changes in the risks related to rental income from the Tokyo Stock Exchange Building and dependence on revenue from a specific customer.
  14. FY2019-Q2RestatedAnnual report

    「During the cumulative second quarter of the current consolidated fiscal year, there were no newly arising business or other risks. In addition, there were no material changes to the business or other risks described in the annual securities report for the previous fiscal year.」

    It is stated that there have been no material changes in the risks related to rental income from the Tokyo Stock Exchange Building and dependence on revenue from a specific customer.
  15. FY2019-Q1RestatedAnnual report

    「During the first quarter of the current consolidated fiscal year, there were no newly arising business or other risks. In addition, there were no material changes to the business or other risks described in the annual securities report for the previous fiscal year.」

    It is stated that there have been no material changes in the risks related to rental income from the Tokyo Stock Exchange Building and dependence on revenue from a specific customer.
  16. FY2018-Q3RestatedAnnual report

    「There have been no material changes to the business and other risks described in the annual securities report for the previous fiscal year.」

    It is stated that there have been no material changes in the risks related to rental income from the Tokyo Stock Exchange Building and dependence on revenue from a specific customer.
  17. FY2018-Q2RestatedAnnual report

    「There have been no material changes to the business and other risks described in the securities report for the previous fiscal year.」

    It is stated that there have been no material changes in the risks related to rental income from the Tokyo Stock Exchange Building and dependence on revenue from a specific customer.
  18. FY2017First statedAnnual report

    「We have agreed with Tokyo Stock Exchange, Inc. that the annual rent for the Tokyo Stock Exchange Building will be ¥2,700 million, the same as the previous rent, for the 2-year period beginning April 2017.」

    The company agreed on annual rent of ¥2,700 million for the Tokyo Stock Exchange Building for 2 years and disclosed as risk information that rental income from Tokyo Stock Exchange, Inc. accounted for 6.5% of consolidated net sales.
Moved together

"Impact of Interest-Bearing Debt and Interest Rate Trends on Business Performance" moved the same way as this thread, in the same document, in 3 of its 18 moves.

332★123
  1. ★This thread
  2. 1Impact of Interest-Bearing Debt and Interest Rate Trends on Business Performance3×
  3. 2Impact of Rent Market Conditions, Competition and Natural Disasters on Rental Business Earnings3×
  4. 3Risk of impairment losses and inventory valuation losses due to falling real estate prices2×

★ is this thread; numbers match the list above. The number on a line is how many documents both moved the same way in; lines between the other threads count the documents they moved together in too. Threads that move together often sit closer.

When this could move next
Heiwa Real Estate's next results are scheduled for 2026-10-30. Read the earnings preview
News
No news is linked to this thread yet. When an article touches it, it will appear here by date.
Dependence on rental income from the Tokyo Stock Exchange Building and revenue from specific customers | HEIWA REAL ESTATE CO.,LTD. (8803) | Komori