Expansion of Fee-Based Businesses, Including REIT Asset Management
First written in FY2017-Q1. 20 of 33 entries say "Advanced", first in FY2021-Q1. Latest entry: 2026-07-31.
The whole theme swung hardest in 2021: 2 of 16 companies on the "Worse" side.
12 other companies' latest entry also says "Advanced".
- 2026-07-31AdvancedEarnings presentation
「The Asset Management Business recorded higher revenue and profit due to increased asset management revenue, among other factors.」
Revenue in the Asset Management Business increased 22.9% and operating income increased 32.4%, indicating continued growth in the business. - FY2026AdvancedAnnual report
「Within the Asset Management Business, asset management revenue was ¥3,152 million, up 13.3% year on year, and brokerage fees were ¥1,466 million, up 13.1%. Revenue for the business was ¥4,619 million, up 13.3%, and operating income was ¥2,737 million, up 16.2%.」
Both asset management revenue and brokerage commissions increased, resulting in a 13.3% increase in revenue from the business and a 16.2% increase in operating profit. - FY2026-H1AdvancedAnnual report
「Of the asset management business, asset management revenue was ¥1.590 billion (up ¥228 million year on year, or 16.8%), and brokerage commissions were ¥496 million (up ¥104 million, or 26.6%). Revenue from this business was ¥2.087 billion (up ¥333 million, or 19.0%), and operating profit was ¥1.276 billion (up ¥260 million, or 25.6%).」
Both asset management revenue and brokerage commissions increased, resulting in a 19.0% year-on-year increase in revenue from the business and a 25.6% increase in operating profit. - FY2025AdvancedAnnual report
「Of the asset management business, asset management revenue was ¥2.781 billion (up ¥215 million from the previous fiscal year, or 8.4%), and brokerage commissions were ¥1.296 billion (down ¥25 million, or 1.9%). Revenue from this business was ¥4.078 billion (up ¥189 million, or 4.9%), and operating profit was ¥2.355 billion (up ¥157 million, or 7.2%).」
Driven by the increase in asset management revenue, the business posted a 4.9% increase in revenue and a 7.2% increase in operating profit. - FY2025-H1Declining revenue and profit in the asset management businessAnnual report
「Of the asset management business, asset management revenue was ¥1.361 billion (up ¥68 million year on year, or 5.3%), and brokerage commissions were ¥392 million (down ¥131 million, or 25.1%). Revenue from this business was ¥1.753 billion (down ¥62 million, or 3.4%), and operating profit was ¥1.016 billion (down ¥11 million, or 1.1%).」
Although asset management revenue increased 5.3%, the business as a whole reported lower revenue and lower profit due to the decline in brokerage commissions. - FY2024AdvancedAnnual report
「Of the asset management business, asset management revenue was ¥2.565 billion (up ¥82 million from the previous fiscal year, or 3.3%), and brokerage commissions were ¥1.322 billion (up ¥131 million, or 11.0%). Revenue from this business was ¥3.888 billion (up ¥214 million, or 5.8%), and operating profit was ¥2.197 billion (up ¥126 million, or 6.1%).」
Asset management revenue, brokerage commissions, revenue from the business and operating profit all exceeded the previous fiscal year's levels. - FY2024-Q3AdvancedAnnual report
「Of the asset management business, asset management revenue was ¥1.676 billion (up ¥36 million year on year, or 2.2%), and brokerage commissions were ¥840 million (up ¥114 million, or 15.7%). Revenue from this business was ¥2.517 billion (up ¥150 million, or 6.4%), and operating profit was ¥1.317 billion (up ¥51 million, or 4.1%).」
Asset management revenue, brokerage commissions, revenue and operating profit from the asset management business all exceeded the year-earlier levels, with the business shifting from lower revenue and lower profit to higher revenue and higher profit. - FY2024-Q2Continued declines in revenue and profit in the asset management businessAnnual report
「Of the asset management business, asset management revenue was ¥1.292 billion (down ¥3 million year on year, or 0.3%), and brokerage commissions were ¥523 million (down ¥52 million, or 9.2%). Revenue from this business was ¥1.816 billion (down ¥56 million, or 3.0%), and operating profit was ¥1.027 billion (down ¥77 million, or 7.0%).」
Asset management revenue, brokerage commissions, revenue and operating profit from the asset management business all fell below the year-earlier levels, and the declines in revenue and profit continued. - FY2024-Q1Declining revenue and profit in the asset management businessAnnual report
「Of the asset management business, asset management revenue was ¥426 million (down ¥82 million year on year, or 16.1%), and brokerage commissions were ¥188 million (down ¥10 million, or 5.2%). Revenue from this business was ¥615 million (down ¥92 million, or 13.0%), and operating profit was ¥214 million (down ¥126 million, or 37.0%).」
Asset management revenue, brokerage commissions, revenue and operating profit from the asset management business all fell below the year-earlier levels, resulting in lower revenue and lower profit. - FY2023AdvancedAnnual report
「Of the asset management business, asset management revenue was ¥2.482 billion (up ¥290 million from the previous fiscal year, or 13.2%), and brokerage commissions were ¥1.191 billion (unchanged, or a 0.0% decrease). Revenue from this business was ¥3.674 billion (up ¥289 million, or 8.6%), and operating profit was ¥2.071 billion (up ¥93 million, or 4.7%).」
Asset management revenue increased 13.2%, resulting in an 8.6% increase in revenue from the business and a 4.7% increase in operating profit. - FY2023-Q3AdvancedAnnual report
「Of the asset management business, asset management revenue was ¥1.640 billion (up ¥210 million year on year, or 14.7%), and brokerage commissions were ¥726 million (up ¥5 million, or 0.8%). Revenue from this business was ¥2.366 billion (up ¥216 million, or 10.1%), and operating profit was ¥1.265 billion (up ¥37 million, or 3.0%).」
Asset management revenue and brokerage commissions increased, resulting in a 10.1% increase in revenue from the business and a 3.0% increase in operating profit. - FY2023-Q2AdvancedAnnual report
「Of the asset management business, asset management revenue was ¥1.296 billion (up ¥231 million year on year, or 21.8%), and brokerage commissions were ¥576 million (up ¥26 million, or 4.8%). Revenue from this business was ¥1.872 billion (up ¥258 million, or 16.0%), and operating profit was ¥1.105 billion (up ¥112 million, or 11.3%).」
Asset management revenue and brokerage commissions increased, resulting in a 16.0% increase in revenue from the business and an 11.3% increase in operating profit. - FY2023-Q1AdvancedAnnual report
「Of the asset management business, asset management revenue was ¥509 million (up ¥160 million year on year, or 46.1%), and brokerage commissions were ¥199 million (up ¥49 million, or 32.7%). Revenue from this business was ¥708 million (up ¥209 million, or 42.0%), and operating profit was ¥340 million (up ¥139 million, or 69.5%).」
Asset management revenue and brokerage commissions increased, resulting in a 42.0% increase in revenue from the business and a 69.5% increase in operating profit. - FY2022AdvancedAnnual report
「Of the asset management business, asset management revenue was ¥2.192 billion (up ¥121 million from the previous fiscal year, or 5.9%), and brokerage commissions were ¥1.191 billion (up ¥520 million, or 77.5%). Revenue from this business was ¥3.384 billion (up ¥641 million, or 23.4%), and operating profit was ¥1.977 billion (up ¥356 million, or 22.0%).」
Asset management revenue and brokerage commissions increased, resulting in a 23.4% increase in revenue from the business and a 22.0% increase in operating profit. - FY2022-Q3AdvancedAnnual report
「Of the asset management business, asset management revenue was ¥1.429 billion (up ¥86 million year on year, or 6.5%), and brokerage commissions were ¥720 million (up ¥341 million, or 90.1%). Revenue from this business was ¥2.150 billion (up ¥428 million, or 24.9%), and operating profit was ¥1.228 billion (up ¥293 million, or 31.5%).」
Asset management revenue and brokerage commissions increased, resulting in a 24.9% increase in revenue from the business and a 31.5% increase in operating profit. - FY2022-Q2AdvancedAnnual report
「Of the asset management business, asset management revenue was ¥1.064 billion (up ¥35 million year on year, or 3.4%), and brokerage commissions were ¥549 million (up ¥262 million, or 91.6%). Revenue from this business was ¥1.614 billion (up ¥298 million, or 22.6%), and operating profit was ¥993 million (up ¥206 million, or 26.2%).」
Asset management revenue increased 3.4% and brokerage commissions increased 91.6%, while revenue from the business increased 22.6% and operating profit increased 26.2%. - FY2022-Q1AdvancedAnnual report
「Of the asset management business, asset management revenue was ¥348 million (up ¥2 million year on year, or 0.8%), and brokerage commissions were ¥150 million (up ¥75 million, or 101.0%). Revenue from this business was ¥498 million (up ¥78 million, or 18.6%), and operating profit was ¥200 million (up ¥36 million, or 22.2%).」
Asset management revenue was ¥348 million, up 0.8% year on year, while revenue from the business, including brokerage commissions, increased 18.6% and operating profit increased 22.2%. - FY2021-Q3AdvancedAnnual report
「Of the asset management business, management fees were ¥987 million (up ¥97 million year on year, or 11.0%).」
Management fees amounted to ¥987 million, up 11.0% year on year. - FY2021-Q2AdvancedAnnual report
「Of the asset management business, management fees were ¥674 million (up ¥63 million year on year, or 10.4%).」
Management fees amounted to ¥674 million, up 10.4% year on year. - FY2021-Q1AdvancedAnnual report
「Of the asset management business, management fees were ¥345 million (up ¥60 million year on year, or 21.3%).」
Although total revenue from the asset management business declined, management fees amounted to ¥345 million, up 21.3% year on year. - FY2020ReframedAnnual report
「We aim to expand our Group's revenue, including asset management fees, by supporting the growth of 平和不動産リート投資法人 and through other measures.」
The expansion of the traditional REIT sponsorship and fee-based businesses has been recast in the new plan as revenue growth in the asset management business. - FY2019-Q3RestatedAnnual report
「As the sponsor of Heiwa Real Estate REIT, Inc., the Company will seek steady growth in fee-based earnings by supporting the expansion and improvement in quality of the REIT's asset base, among other initiatives.」
The policy of supporting growth in REIT assets and improving their quality while steadily expanding fee-based business revenue has been reiterated. - FY2019-Q2RestatedAnnual report
「As the sponsor of Heiwa Real Estate REIT, Inc., the Company will seek steady growth in fee-based earnings by supporting the expansion and improvement in quality of the REIT's asset base, among other initiatives.」
The policy of supporting growth in REIT assets and improving their quality while steadily expanding fee-based business revenue has been reiterated. - FY2019-Q1RestatedAnnual report
「The Company will support the growth of Heiwa Real Estate REIT, Inc. by expanding its asset base and rotating its assets, while expanding the assets under management of the Heiwa Real Estate Group,」
The policy of supporting the expansion and rotation of the asset base of Heiwa Real Estate REIT, Inc. and expanding assets under management has been reaffirmed. - FY2018-Q3RestatedAnnual report
「As the sponsor of Heiwa Real Estate REIT, Inc., the Company will seek to expand fee-based earnings by supporting the expansion and improvement in quality of assets under management by Heiwa Real Estate Asset Management, among other initiatives.」
The initiatives to support the expansion and improvement in quality of assets under management as a REIT sponsor and increase fee-based business revenue have been reiterated. - FY2018-Q2RestatedAnnual report
「As the sponsor of Heiwa Real Estate REIT, Inc., the Company will seek to expand fee-based earnings by supporting the expansion and improvement in quality of assets under management by Heiwa Real Estate Asset Management, among other initiatives.」
The initiatives to support the expansion and improvement in quality of assets under management as a REIT sponsor and increase fee-based business revenue have been reiterated. - FY2018-Q1RestatedAnnual report
「As the sponsor of Heiwa Real Estate REIT, Inc., the Company will seek to expand fee-based earnings by supporting the expansion and improvement in quality of assets under management by Heiwa Real Estate Asset Management, among other initiatives.」
The initiatives to support the expansion and improvement in quality of assets under management as a REIT sponsor and increase fee-based business revenue have been reiterated. - FY2017RestatedAnnual report
「As the sponsor of Heiwa Real Estate REIT, Inc., the Company will seek steady growth in fee-based earnings by supporting the expansion and improvement in quality of the REIT's asset base, among other initiatives.」
The policy of supporting improvements in the scale and quality of assets as a REIT sponsor and expanding the fee-based business has been reiterated. - FY2017-Q2RestatedAnnual report
「As the sponsor of Heiwa Real Estate REIT, Inc., the Company will seek to expand fee-based earnings by supporting the expansion and improvement in quality of assets under management by Heiwa Real Estate Asset Management, among other initiatives.」
The initiatives to support the expansion and improvement in quality of assets under management as a REIT sponsor and increase fee-based business revenue have been reiterated. - FY2017-Q1First statedAnnual report
「As the sponsor of Heiwa Real Estate REIT, Inc., the Company will seek to expand fee-based earnings by supporting the expansion and improvement in quality of assets under management by Heiwa Real Estate Asset Management, among other initiatives.」
As a REIT sponsor, the Company has set out initiatives to support the expansion and improvement in quality of assets under management and increase fee-based business revenue.