Continued growth investment in rental buildings and central Tokyo redevelopment
First written in FY2016. 26 of 33 entries say "Advanced", first in FY2017-Q1. Latest entry: 2026-11-10.
1 other company's latest entry also says "Raised".
- FY2026AdvancedAnnual report
「Our largest growth engine is large-scale redevelopment in central Tokyo. We plan to invest more than ¥2.6 trillion, including amounts already invested, in approximately 600,000 tsubo of total floor area expected to be owned by the company in areas including Roppongi, Yaesu, Tsukiji, Ikebukuro and Iidabashi.」
For development in central Tokyo, the company specified a plan to invest more than ¥2.6 trillion, including amounts already invested, in approximately 600,000 tsubo of total floor area, and set out a concrete policy of continuing development, including the Higashi-Ikebukuro 1-chome Project. - FY2026-H1AdvancedAnnual report
「In the real estate leasing business, the following properties, which were under development at the end of the previous consolidated fiscal year, were completed during the current interim consolidated accounting period.」
Sumitomo Realty & Development Osaki Twin Building West Tower was completed in April 2025. In addition, the Higashi-Ikebukuro 1-chome Project was newly approved to expand the rental business, with an estimated cost of ¥89.3 billion and completion scheduled for October 2029. - FY2025AdvancedAnnual report
「During the consolidated fiscal year, Sumitomo Realty & Development Roppongi Central Tower and other properties were completed.」
Capital investment in the rental business continued, and Roppongi Central Tower was completed in January 2025. Capital investment in the rental business totaled ¥140.4 billion. - FY2025-H1AdvancedAnnual report
「During the interim period, higher earnings from facility operations, including hotels and event halls, contributed to higher revenue and profit, in addition to improved earnings from existing buildings, progress in occupancy at Sumitomo Realty & Development Tokyo Mita Garden Tower and Sumitomo Realty & Development Shinjuku First Tower, and the launch of new properties including Sumitomo Realty & Development Nakano Ekimae Building and Sumitomo Realty & Development Shinjuku South Exit Building. As a result, revenue and profit increased, with both revenue and operating income reaching record highs for an interim period.」
Progress in occupancy at Tokyo Mita Garden Tower and Shinjuku First Tower, along with the launch of new properties including Nakano Ekimae Building and Shinjuku South Exit Building, contributed to performance. The rental business posted record-high interim revenue and operating income. - FY2024-Q3AdvancedAnnual report
「The major newly approved capital investment projects during the cumulative third quarter are as follows, all intended to expand the real estate leasing business.」
To expand the real estate leasing business, the Higashi-Gotanda 2-chome Project was newly approved, with an estimated cost of ¥21.1 billion and completion scheduled for April 2025. The Shiba Park Project has an estimated cost of ¥27.2 billion and is scheduled for completion in August 2025, bringing the total required investment for the 2 projects to ¥48.3 billion. - FY2024-Q2AdvancedAnnual report
「As a result of investing ¥90.1 billion in property, plant and equipment, primarily to strengthen the rental business, and ¥95.2 billion in an equity investment in a local Indian subsidiary, investing activities used ¥189.5 billion in cash.」
We invested ¥90.1 billion in property, plant and equipment to strengthen the rental business. The Shiba Park Project was also newly approved, with an estimated cost of ¥27.2 billion and completion scheduled for August 2025. - FY2024-Q1RestatedAnnual report
「Leasing efforts for new large-scale buildings, including Sumitomo Realty & Development Tokyo Mita Garden Tower and Sumitomo Realty & Development Shinjuku First Tower, completed in the previous fourth quarter, and the Naka 2-chome Project, scheduled for completion during the current fiscal year, are also progressing steadily.」
The company continued to report on the operation of the large buildings completed in the previous fiscal year and progress in leasing the Naka 2-chome Project and other buildings scheduled for completion during the current fiscal year. - FY2023AdvancedAnnual report
「During the current fiscal year ending March 2023, the 2 large-scale redevelopment projects Sumitomo Realty & Development Tokyo Mita Garden Tower and Sumitomo Realty & Development Shinjuku First Tower were completed.」
In connection with rental building investment in central Tokyo, Tokyo Mita Garden Tower and Shinjuku First Tower, 2 buildings, were completed. Capital investment in the rental business totaled ¥444.776 billion. - FY2023-Q3RestatedAnnual report
「Leasing efforts for new large-scale buildings, including the large-scale redevelopment projects Tokyo Mita Redevelopment Project and Nishi-Shinjuku 5-chome North Project, scheduled for completion by the end of the current fiscal year, and the Naka 2-chome Project, scheduled for completion in the next fiscal year, are also progressing steadily.」
The company continued to explain that leasing efforts for the large-scale redevelopment buildings were progressing steadily. It newly mentioned the Naka 2-chome Project, scheduled for completion in the next fiscal year, but reported no new accomplishments such as completion. - FY2023-Q2AdvancedAnnual report
「As a result of investing a total of ¥85.0 billion in property, plant and equipment, primarily to strengthen the rental business, investing activities used ¥99.6 billion in cash.」
We invested ¥85.0 billion in property, plant and equipment during the first half to strengthen the rental business. Leasing efforts for projects including the Tokyo Mita Redevelopment Project and the Nishi-Shinjuku 5-chome North Project are also progressing. - FY2023-Q1SoftenedAnnual report
「Under the Ninth Plan, our third objective is to continue promoting investment in rental buildings in central Tokyo. By completing and commencing operations at development projects currently being formulated, mainly through redevelopment, with total floor area exceeding 700,000 tsubo, representing more than 40% of the 1.70 million tsubo of leasable floor area as of the end of March 2022, we aim to further expand our earnings base, enhance corporate value and increase shareholder returns.」
The target scale was reduced from more than 800,000 tsubo of total floor area under the Eighth Plan to more than 700,000 tsubo under the Ninth Plan. Meanwhile, the policy of continuing investment in rental buildings in central Tokyo as the third objective and completing and commencing operations at the development projects in stages remains unchanged. - FY2022-Q3AdvancedAnnual report
「In the real estate leasing business, the following properties, which were under development at the end of the previous consolidated fiscal year, were completed during the cumulative third quarter of the current consolidated fiscal year. The major newly approved capital investment projects during the cumulative third quarter are as follows, all intended to expand the real estate leasing business.」
Sumitomo Realty & Development Tamachi Building East Wing and Sumitomo Realty & Development Kanda Izumicho Building were completed in April and September 2021, respectively. The Roppongi 7-chome Project, with an estimated cost of ¥22.3 billion and completion scheduled for August 2024, and Sumitomo Realty & Development Shinjuku South Exit Building, with an estimated cost of ¥13.1 billion and completion scheduled for February 2024, were newly approved. - FY2022-Q1AdvancedAnnual report
「Sumitomo Realty & Development Tamachi Building East Wing, completed during the first quarter, began operations at full occupancy.」
The new rental property Sumitomo Realty & Development Tamachi Building East Wing was completed in April 2021 and reached full occupancy. - FY2021-Q3AdvancedAnnual report
「The vacancy rate for existing buildings rose slightly to 2.3% at the end of the third quarter, from 1.4% at the end of the previous fiscal year, but remained low. Sumitomo Realty & Development Kojimachi Garden Tower, completed by the end of the third quarter, and Sumitomo Realty & Development Ochanomizu Building, scheduled for completion in the fourth quarter, were both fully occupied, and leasing efforts for the new buildings are also progressing steadily.」
Kojimachi Garden Tower was completed and reached full occupancy, while Ochanomizu Building also reached full occupancy at the stage when completion was scheduled for the fourth quarter. - FY2021-Q2AdvancedAnnual report
「As a result of investing a total of ¥194.5 billion in property, plant and equipment, primarily to strengthen the rental business, investing activities used ¥158.0 billion in cash.」
We invested ¥194.5 billion in property, plant and equipment during the first half to strengthen the rental business. Sumitomo Realty & Development Kojimachi Garden Tower was also completed in May 2020 and reached full occupancy. - FY2021-Q1AdvancedAnnual report
「In the real estate leasing business, the following properties, which were under development at the end of the previous consolidated fiscal year, were completed during the cumulative first quarter of the current consolidated fiscal year.」
Sumitomo Realty & Development Kojimachi Garden Tower was completed in May 2020 and reached full occupancy. Meanwhile, the opening of Haneda Airport Garden and Ariake Garden was postponed due to the impact of the infectious disease. - FY2020AdvancedAnnual report
「In addition to investing a total of ¥270.3 billion in property, plant and equipment, primarily to strengthen the rental business, we received a net refund of ¥22.1 billion in deposits for joint investment businesses.」
We made ¥270.3 billion in capital investments, mainly in the rental business, and completed Sumitomo Realty & Development Shinjuku Central Park Tower and other projects. Under the Eighth Plan, we expect to invest ¥600 billion over the next 3 years, with total planned investment in rental buildings of ¥2 trillion. - FY2020-Q2AdvancedAnnual report
「As a result of investing a total of ¥128.6 billion in property, plant and equipment, primarily to strengthen the rental business, investing activities used ¥137.0 billion in cash.」
We invested ¥128.6 billion to strengthen the rental business. Sumitomo Realty & Development Shinjuku Central Park Tower, Akihabara Ekimae Building and Ikebukuro Higashi Building were completed, while the Ochanomizu Project is proceeding toward completion in March 2021. - FY2020-Q1RaisedAnnual report
「Under the Eighth Plan, our second objective is to steadily advance new office development projects in central Tokyo with total floor area exceeding 800,000 tsubo, representing more than half of the 1.52 million tsubo of leasable floor area as of the end of March 2019.」
The Eighth Medium-Term Management Plan specified new office development in central Tokyo with total floor area exceeding 800,000 tsubo, along with ¥2 trillion in investments in rental properties. In addition, the Ochanomizu Project was newly approved, with an estimated cost of ¥6.6 billion and completion scheduled for March 2021. - FY2019-Q3AdvancedAnnual report
「In the real estate leasing business, the following properties, which had been under development at the end of the previous consolidated fiscal year, were completed during the cumulative third quarter of the current consolidated fiscal year.」
Sumitomo Realty & Development Fukuoka Hanzomon Building and Sumitomo Realty & Development Akihabara-Kita Building, among others, were completed in October and November 2018. The Haneda Airport Site Zone 2 Project is proceeding with an estimated cost of ¥46.2 billion and scheduled completion in March 2020. - FY2019-Q2AdvancedAnnual report
「Investment in property, plant and equipment totaled ¥78.1 billion, primarily to strengthen the leasing business, resulting in investment cash flow outlays of ¥79.0 billion.」
The company invested ¥78.1 billion to strengthen the leasing business. Kojimachi First Building and Onarimon Tower were completed in April and May 2018, respectively, and the Haneda Airport Site Zone 2 Project is proceeding with estimated completion scheduled for March 2020. - FY2019-Q1AdvancedAnnual report
「The existing-building vacancy rate improved to 4.7% from 4.9% at the end of the previous fiscal year. Sumitomo Realty & Development Kojimachi First Building and Sumitomo Realty & Development Onarimon Tower, completed in the first quarter, and Sumitomo Realty & Development Akihabara-Kita Building and Sumitomo Realty & Development Shibuya Tower, scheduled for completion during the current fiscal year, have all reached full occupancy, and leasing activities for new buildings are progressing steadily.」
The existing-building vacancy rate improved from 4.9% to 4.7%, and Kojimachi First Building and Onarimon Tower were completed. The Haneda Airport Site Zone 2 Project was newly finalized, with an estimated cost of ¥46.2 billion and scheduled completion in March 2020. - FY2018AdvancedAnnual report
「Investment in property, plant and equipment totaled ¥220.0 billion, primarily to strengthen the leasing business, while ¥9.1 billion in joint investment business deposits was returned, net. During the current consolidated fiscal year, Sumitomo Realty & Development Osaki Garden Tower, with a gross floor area of 177,822 m², and other properties were completed.」
The company invested ¥220.0 billion to strengthen the leasing business, and Osaki Garden Tower was completed. It is also continuing capital investment projects for the leasing business in Onarimon, Kojimachi, Shibuya, Akihabara, Nishi-Shinjuku and Higashi-Ikebukuro, among others. - FY2018-Q3AdvancedAnnual report
「The existing-building vacancy rate improved slightly to 4.4% from 4.5% at the end of the previous fiscal year, and leasing activities for new buildings, including Sumitomo Realty & Development Osaki Garden Tower, completed during the current fiscal year, are progressing steadily.」
The existing-building vacancy rate improved from 4.5% at the end of the previous fiscal year to 4.4%, and Sumitomo Realty & Development Osaki Garden Tower was completed during the current fiscal year. The company reported that leasing activities for new buildings were also progressing steadily. - FY2018-Q2AdvancedAnnual report
「Investment in property, plant and equipment totaled ¥67.0 billion, primarily to strengthen the leasing business, resulting in investment cash flow outlays of ¥69.5 billion.」
The company invested ¥67.0 billion to strengthen the leasing business. It also listed 4 capital investment projects intended to expand the leasing business—Kojimachi 1-chome, Nishi-Shinjuku 6-chome, Sotokanda 1-chome and Kojimachi 5-chome—with total required funding of ¥84.7 billion. - FY2018-Q1AdvancedAnnual report
「The following major new capital investment projects were newly finalized during the first quarter of the current consolidated cumulative period, all of which are intended to expand the real estate leasing business.」
The Kojimachi 1-chome Project, with an estimated cost of ¥5.7 billion and scheduled completion in October 2018, and the Nishi-Shinjuku 6-chome Project, with an estimated cost of ¥34.8 billion and scheduled completion in March 2019, were newly finalized. - FY2017-Q3AdvancedAnnual report
「Revenue and profit increased as the contribution to results from full-year operations at buildings completed in the previous fiscal year, including Tokyo Nihonbashi Tower, Sumitomo Realty & Development Mita Building and Sumitomo Realty & Development Shinjuku Garden Tower, began to materialize fully.」
Sumitomo Realty & Development Roppongi Grand Tower was completed by the third quarter, and leasing activities for new buildings progressed steadily. The existing-building vacancy rate improved from 4.7% at the end of the previous fiscal year to 4.4%. - FY2017-Q1AdvancedAnnual report
「Our existing-building vacancy rate improved slightly to 4.6% from 4.7% at the end of the previous fiscal year, and leasing activities for new buildings, including Sumitomo Realty & Development Roppongi Grand Tower, scheduled for its grand opening this autumn, are progressing steadily.」
The existing-building vacancy rate improved from 4.7% to 4.6%, and the company reported steady progress in leasing activities, including for the new building scheduled to open this autumn. - FY2016First statedAnnual report
「Continued growth investment in rental buildings, accelerating the development pace to 50,000 tsubo per year」
The company plans to make central Tokyo redevelopment its top priority and advance projects totaling more than 1 million tsubo of gross floor area scheduled to come online successively from the Seventh Plan onward. The development scale under the Seventh Plan is 220,000 tsubo of gross floor area.