Rotation of Rental Business Assets and Strengthening of the Earnings Base
First written in FY2017-Q1. 23 of 29 entries say "Advanced", first in FY2017. Latest entry: 2026-07-31.
3 other companies' latest entry also says "Advanced".
- 2026-07-31AdvancedFinancial results presentation
「Regarding property sales, the Company expects to record approximately ¥2 billion in property-sale gains in the second quarter. As progress is expected to reach approximately 95% on a contract basis, the plan is proceeding as scheduled.」
The expected property-sale gains in the second quarter and approximately 95% progress on a contract basis made the execution status of the asset replacement and property-sale plan concrete. - FY2026AdvancedAnnual report
「At the end of the consolidated fiscal year, assets were ¥451.838 billion, liabilities were ¥325.075 billion, net assets were ¥126.763 billion, and interest-bearing debt was ¥272.683 billion. Transfer from fixed assets to real estate for sale: ¥25.116 billion」
The transfer from fixed assets to real estate for sale amounted to ¥25.116 billion, while proceeds from sales of real estate for sale increased 74.8% year on year. Portfolio management combining the conversion of assets to real estate for sale with sales progressed. - 2026-04-30AdvancedFinancial results presentation
「Revenue increased due to higher sales of inventory assets. (Osaka Office, Sapporo Office (partial interest), Nagoya Office (partial interest), Oshiage Residence and Otori Residence)」
Sales of multiple properties progressed, and property-sale revenue increased 74.8% year on year in the fiscal year ending March 2026. - FY2025AdvancedAnnual report
「This was due to decreases of ¥14.072 billion in land and ¥5.238 billion in buildings and structures, and increases of ¥26.217 billion in construction in progress and ¥9.175 billion in real estate for sale, among other factors, resulting from transfers from fixed assets to real estate for sale, transfers between accounts associated with approval of the rights conversion for the Sapporo redevelopment project, payments of contributions by participating association members, payments of construction costs for caption by Hyatt Kabutocho Tokyo (Chuo-ku, Tokyo), and the recognition of depreciation expenses, among other factors.」
Portfolio rotation and investment in redevelopment progressed through transfers of assets to real estate for sale, payments of contributions to the Sapporo redevelopment project, and investment in hotel construction, among other activities. - FY2024AdvancedAnnual report
「At the end of the consolidated fiscal year, the carrying amount recognized on the consolidated balance sheet for investment property and property including portions used as investment property was ¥304.487 billion, a decrease of ¥4.162 billion during the fiscal year, while fair value was ¥421.246 billion, an increase of ¥1.061 billion during the fiscal year.」
While selling properties and transferring assets to real estate for sale, the Company advanced acquisitions and development, updating the composition of the carrying amount and fair value of investment property. The amount transferred from fixed assets to real estate for sale was ¥13.035 billion. - FY2024-Q3AdvancedAnnual report
「This was due to increases of ¥7.031 billion in property, plant and equipment and ¥519 million in real estate for sale under development associated with payments of construction costs for caption by Hyatt Kabutocho Tokyo (Chuo-ku, Tokyo) and the acquisition of Prezio Shin-Osaka ROUGE (Osaka, Osaka Prefecture) and other properties, among other factors, despite a ¥6.511 billion decrease in real estate for sale, among other factors.」
Real estate for sale decreased by ¥6.511 billion, while the acquisition of Prezio Shin-Osaka ROUGE and other properties and development investment in caption by Hyatt Kabutocho Tokyo increased property, plant and equipment and real estate for sale under development. Asset rotation and the accumulation of the earnings base are progressing. - FY2024-Q2AdvancedAnnual report
「Total assets at the end of the second quarter of the consolidated fiscal year were ¥404.7 billion, an increase of ¥6.367 billion from the end of the previous consolidated fiscal year. This was due to increases of ¥9.648 billion in cash and deposits, ¥2.283 billion in property, plant and equipment associated with payments of construction costs for caption by Hyatt Kabutocho Tokyo (Chuo-ku, Tokyo), and ¥1.475 billion in investment securities, among other factors, despite a ¥7.977 billion decrease in real estate for sale, among other factors.」
Real estate for sale decreased by ¥7.977 billion, while cash and deposits and redevelopment-related property, plant and equipment increased, advancing asset rotation and investment in redevelopment. - FY2023AdvancedAnnual report
「This was due to a ¥30.147 billion increase in property, plant and equipment associated with the acquisition of Higashi-Yaesu City Building (Chuo-ku, Tokyo), Daiei Building (Nagoya, Aichi Prefecture), Adit Sakuradori (Nagoya, Aichi Prefecture) and other properties, among other factors, despite decreases of ¥5.469 billion in real estate for sale and ¥4.433 billion in investment securities, among other factors.」
The Company reduced real estate for sale while acquiring Higashi-Yaesu City Building, Daiei Building, Adit Sakuradori and other properties, advancing the accumulation of leasing assets and portfolio rotation. - FY2023-Q3AdvancedAnnual report
「This was due to a ¥22.615 billion increase in property, plant and equipment associated with the acquisition of Higashi-Yaesu City Building (Chuo-ku, Tokyo), Daiei Building (Nagoya, Aichi Prefecture) and other properties, among other factors, despite decreases of ¥9.279 billion in real estate for sale and ¥3.358 billion in investment securities, among other factors.」
As part of asset rotation and efforts to strengthen the earnings base, real estate for sale decreased by ¥9.279 billion, while Higashi-Yaesu City Building, Daiei Building and other properties were acquired, increasing property, plant and equipment by ¥22.615 billion. - FY2023-Q2AdvancedAnnual report
「This was due to an ¥8.834 billion increase in property, plant and equipment associated with the acquisition of Higashi-Yaesu City Building (Chuo-ku, Tokyo) and other properties and payments for construction work on existing properties, among other factors, despite decreases of ¥9.213 billion in real estate for sale and ¥2.570 billion in investment securities, among other factors.」
As part of asset rotation and efforts to strengthen the earnings base, Higashi-Yaesu City Building and other properties were acquired, while real estate for sale decreased by ¥9.213 billion. - FY2022AdvancedAnnual report
「Property sale proceeds were ¥26.770 billion, up ¥18.610 billion, or 228.1%, year on year, owing to a substantial increase in sales of real estate for sale.」
As part of portfolio rotation, sales of real estate for sale progressed, and property sale proceeds increased to ¥26.770 billion, up 228.1% year on year. - FY2022-Q3AdvancedAnnual report
「Property sale proceeds were ¥26.770 billion, up ¥18.610 billion, or 228.1%, year on year, owing to a substantial increase in sales of real estate for sale.」
As part of portfolio rotation, sales of real estate for sale progressed, and property sale proceeds were ¥26.770 billion, up 228.1% year on year. - FY2022-Q2AdvancedAnnual report
「Under this policy, 2 leasing assets were transferred from fixed assets to real estate for sale at the end of the previous consolidated fiscal year, and the Company is advancing its portfolio strategy.」
Based on its policy of accumulating new leasing assets and rotating its portfolio, the Company transferred 2 leasing assets from fixed assets to real estate for sale. - FY2022-Q1AdvancedAnnual report
「Under this policy, 2 leasing assets were transferred from fixed assets to real estate for sale at the end of the previous consolidated fiscal year, and the Company is advancing its portfolio strategy.」
The Company transferred 2 leasing assets from fixed assets to real estate for sale, implementing a specific measure to advance portfolio rotation, including sales. - FY2021-Q3AdvancedAnnual report
「Total assets at the end of the third quarter of the consolidated fiscal year were ¥366.772 billion, an increase of ¥27.226 billion from the end of the previous consolidated fiscal year. This was due to increases of ¥20.501 billion in property, plant and equipment and ¥3.542 billion in intangible assets associated with the acquisition of Kabutocho No. 7 Heiwa Building (Chuo-ku, Tokyo), Shimbashi Square Building (Minato-ku, Tokyo), and Hulic Edobashi Building (Chuo-ku, Tokyo), and payments of construction costs for KABUTO ONE (Chuo-ku, Tokyo), among other factors, as well as increases of ¥7.546 billion in investment securities and ¥3.973 billion in cash and deposits, despite a decrease of ¥9.986 billion in securities, among other factors.」
The accumulation of leasing assets and investment in redevelopment progressed. The acquisition of 3 properties and payments of construction costs for KABUTO ONE increased property, plant and equipment by ¥20.501 billion and intangible assets by ¥3.542 billion. - FY2021-Q2AdvancedAnnual report
「This was due to a decrease of ¥9.988 billion in securities and other factors, offset by increases of ¥15.288 billion in property, plant and equipment and ¥2.010 billion in intangible assets resulting from the acquisition of Kabutocho Heiwa Building No. 7 in Chuo-ku, Tokyo, Shimbashi Square Building in Minato-ku, Tokyo, and payments of construction costs for KABUTO ONE in Chuo-ku, Tokyo, as well as increases of ¥6.407 billion in investment securities and ¥4.231 billion in cash and deposits, among other factors.」
The acquisition of Kabutocho No. 7 Heiwa Building and Shimbashi Square Building and development-related expenditures for KABUTO ONE advanced the accumulation of leasing assets and investment in redevelopment. - FY2021-Q1AdvancedAnnual report
「This was due to a decrease of ¥11.988 billion in securities and other factors, offset by an increase of ¥10.565 billion in property, plant and equipment resulting from the acquisition of Kabutocho Heiwa Building No. 7 in Chuo-ku, Tokyo, and payments of construction costs for KABUTO ONE in Chuo-ku, Tokyo, as well as increases of ¥4.288 billion in cash and deposits and ¥2.742 billion in investment securities, among other factors.」
As an asset accumulation initiative, the acquisition of Kabutocho No. 7 Heiwa Building and development-related expenditures for KABUTO ONE progressed, increasing property, plant and equipment by ¥10.565 billion. - FY2020AdvancedAnnual report
「The Company will build up its portfolio through the acquisition of new leasing assets while generating gains on property sales during the portfolio rotation process.」
The asset management policy of combining portfolio accumulation through asset acquisitions with gains on sales through asset rotation was incorporated into the investment plan of the new medium-term management plan. - FY2020-Q3AdvancedAnnual report
「Total assets at the end of the third quarter of the consolidated fiscal year were ¥340.952 billion, an increase of ¥5.380 billion from the end of the previous consolidated fiscal year. This was due to an ¥8.061 billion increase in property, plant and equipment associated with the acquisition of Solala Plaza (Sendai, Miyagi Prefecture), among other factors, and a ¥10.002 billion increase in securities, among other factors, despite a ¥12.724 billion decrease in real estate for sale, among other factors.」
The decrease in real estate for sale and the increase in property, plant and equipment associated with the acquisition of Solala Plaza progressed, with the asset rotation trend also reflected in the third-quarter figures. - FY2020-Q2AdvancedAnnual report
「This was due to a ¥12.642 billion decrease in real estate for sale, among other factors, despite increases of ¥7.220 billion in property, plant and equipment associated with the acquisition of Solala Plaza (Sendai, Miyagi Prefecture), ¥6.0 billion in securities, and ¥941 million in cash and deposits, among other factors.」
The decrease of ¥12.642 billion in real estate for sale and the increase in property, plant and equipment associated with the acquisition of Solala Plaza were recorded, indicating progress in asset rotation. - FY2019-Q3Cited as achievedAnnual report
「Under these strategies, the Company steadily advanced its redevelopment business, including the commercialization of the first phase of the Nihombashi-Kabutocho and Kayabacho Redevelopment Project. In the leasing business, it worked to strengthen the earnings base that supports redevelopment, including through the acquisition of Kabutocho No. 6 Heiwa Building and the acquisition of approximately ¥18.0 billion in assets through portfolio rotation.」
The commercialization of the first phase of redevelopment, the acquisition of Kabutocho No. 6 Heiwa Building, and portfolio rotation involving the acquisition of approximately ¥18.0 billion in assets have been reiterated as past results. - FY2019-Q2AdvancedAnnual report
「This was due to a ¥20.681 billion increase in real estate for sale associated with the acquisition of ASIL Sapporo (Sapporo, Hokkaido), Ginza Dowa Building (Chuo-ku, Tokyo) and other properties, among other factors, despite a ¥7.971 billion decrease in property, plant and equipment associated with the sale of Higashi-Osaka Hanazono Shopping Center (Higashi-Osaka, Osaka Prefecture), among other factors.」
The Company sold Higashi-Osaka Hanazono Shopping Center and other properties while acquiring ASIL Sapporo and Ginza Dowa Building, carrying out an asset rotation. - FY2019-Q1AdvancedAnnual report
「Under these strategies, the Company steadily advanced its redevelopment business, including the commercialization of the first phase of the Nihombashi-Kabutocho and Kayabacho Redevelopment Project. In the leasing business, it worked to strengthen the earnings base that supports redevelopment, including through the acquisition of Kabutocho No. 6 Heiwa Building and the acquisition of approximately ¥18.0 billion in assets through portfolio rotation.」
The record includes the commercialization of the first phase of redevelopment, the acquisition of Kabutocho No. 6 Heiwa Building, and the acquisition of approximately ¥18.0 billion in assets through portfolio rotation. - FY2018-Q3RestatedAnnual report
「To enhance the earnings power of leasing assets, the Company will sell low-profitability buildings while acquiring or newly constructing high-profitability buildings, thereby rotating its owned leasing assets. It will also promote the selective acquisition of new leasing assets and further strengthen the earnings base of the building leasing business, which supports redevelopment projects.」
The policy of strengthening the earnings base through the sale of low-profitability assets, the acquisition and new construction of high-profitability assets, and selective acquisitions has been reiterated. - FY2018-Q2RestatedAnnual report
「To enhance the earnings power of leasing assets, the Company will sell low-profitability buildings while acquiring or newly constructing high-profitability buildings, thereby rotating its owned leasing assets. It will also promote the selective acquisition of new leasing assets and further strengthen the earnings base of the building leasing business, which supports redevelopment projects.」
The policy of strengthening the earnings base through the sale of low-profitability assets, the acquisition and new construction of high-profitability assets, and selective acquisitions has been reiterated. - FY2018-Q1RestatedAnnual report
「To enhance the earnings power of leasing assets, the Company will sell low-profitability buildings while acquiring or newly constructing high-profitability buildings, thereby rotating its owned leasing assets. It will also promote the selective acquisition of new leasing assets and further strengthen the earnings base of the building leasing business, which supports redevelopment projects.」
The policy of strengthening the earnings base through the sale of low-profitability assets, the acquisition and new construction of high-profitability assets, and selective acquisitions has been reiterated. - FY2017AdvancedAnnual report
「The Company will promote the rotation and accumulation of leasing assets and measures to improve profitability, further strengthening the earnings base that supports redevelopment.」
In addition to asset rotation, the Company explicitly identified asset accumulation as a key strategy and acquired KDX Nihombashi Kabutocho Building during the fiscal year. - FY2017-Q2RestatedAnnual report
「To enhance the earnings power of leasing assets, the Company will sell low-profitability buildings while acquiring or newly constructing high-profitability buildings, thereby rotating its owned leasing assets. It will also promote the selective acquisition of new leasing assets and further strengthen the earnings base of the building leasing business, which supports redevelopment projects.」
The policy of strengthening the earnings base through the sale of low-profitability assets, the acquisition and new construction of high-profitability assets, and selective acquisitions has been reiterated. - FY2017-Q1First statedAnnual report
「To enhance the earnings power of leasing assets, the Company will sell low-profitability buildings while acquiring or newly constructing high-profitability buildings, thereby rotating its owned leasing assets. It will also promote the selective acquisition of new leasing assets and further strengthen the earnings base of the building leasing business, which supports redevelopment projects.」
The Company has set out a policy of rotating its owned assets through the sale of low-profitability buildings, the acquisition and new construction of high-profitability buildings, and selective acquisitions.