Declining rental cash flow and financial risks in development plans resulting from short-term-oriented management
First written in FY2023-Q1. 5 of 6 entries say "Restated". Latest entry: FY2024-Q2.
113 other companies' latest entry also says "Restated".
- FY2024-Q2RestatedAnnual report
「Rejecting the management policy we have pursued for half a century of steadily accumulating rental assets to achieve sustained growth in corporate value, and adopting a short-term-oriented policy that sells owned real estate and realizes unrealized gains in pursuit of one-off profits before development plans that would contribute to future growth in corporate value come to fruition, could ultimately reduce rental cash flow, a stable source of earnings, expose development plans to financial risk and undermine the foundation of our corporate value.」
The explanation that selling owned real estate under a short-term-oriented management policy could lead to declining rental cash flow, development plans becoming financial risks and damage to the foundation of corporate value is presented again. - FY2024-Q1RestatedAnnual report
「Rejecting the management policy we have pursued for half a century of steadily accumulating rental assets to achieve sustained growth in corporate value, and adopting a short-term-oriented policy that sells owned real estate and realizes unrealized gains in pursuit of one-off profits before development plans that would contribute to future growth in corporate value come to fruition, could ultimately reduce rental cash flow, a stable source of earnings, expose development plans to financial risk and undermine the foundation of our corporate value.」
The explanation that pursuing one-off profits through the sale of owned real estate under a short-term-oriented policy could lead to declining rental cash flow and development plans becoming financial risks is presented again. - FY2023RestatedAnnual report
「Adopting a short-term-oriented management policy that sells owned real estate and realizes unrealized gains in pursuit of one-off profits could ultimately reduce rental cash flow, a stable source of earnings, expose development plans to financial risk and undermine the foundation of our corporate value.」
The explanation that short-term-oriented management could reduce rental cash flow and turn development plans into financial risks is presented again as a reason for the need for takeover defense measures. - FY2023-Q3RestatedAnnual report
「Rejecting the management policy we have pursued for half a century of steadily accumulating rental assets to achieve sustained growth in corporate value, and adopting a short-term-oriented policy that sells owned real estate and realizes unrealized gains in pursuit of one-off profits before development plans that would contribute to future growth in corporate value come to fruition, could ultimately reduce rental cash flow, a stable source of earnings, expose development plans to financial risk and undermine the foundation of our corporate value.」
The explanation that pursuing one-off profits through the sale of owned real estate under a short-term-oriented policy could lead to declining rental cash flow and development plans becoming financial risks is presented again. - FY2023-Q2RestatedAnnual report
「Rejecting the management policy we have pursued for half a century of steadily accumulating rental assets to achieve sustained growth in corporate value, and adopting a short-term-oriented policy that sells owned real estate and realizes unrealized gains in pursuit of one-off profits before development plans that would contribute to future growth in corporate value come to fruition, could ultimately reduce rental cash flow, a stable source of earnings, expose development plans to financial risk and undermine the foundation of our corporate value.」
The explanation that pursuing one-off profits through the sale of owned real estate under a short-term-oriented policy could lead to declining rental cash flow and development plans becoming financial risks is presented again. - FY2023-Q1First statedAnnual report
「Rejecting the management policy we have pursued for half a century of steadily accumulating rental assets to achieve sustained growth in corporate value, and adopting a short-term-oriented policy that sells owned real estate and realizes unrealized gains in pursuit of one-off profits before development plans that would contribute to future growth in corporate value come to fruition, could ultimately reduce rental cash flow, a stable source of earnings, expose development plans to financial risk and undermine the foundation of our corporate value.」
The potential for a short-term-oriented management policy to result in the sale of owned real estate and the pursuit of one-off profits, leading to declining rental cash flow, development plans becoming financial risks and damage to the foundation of corporate value, has newly been set out specifically as a reason for the need for takeover defense measures.