Expansion of orders for rental housing construction contracts and whole-building rental apartment sales
First written in FY2017-Q1. 17 of 38 entries say "Advanced", first in FY2017-Q2. Latest entry: 2026-07-31.
The whole theme swung hardest in 2025: 4 of 29 companies on the "Worse" side.
16 other companies' latest entry also says "Advanced".
- FY2026AdvancedAnnual report
「During the fiscal year, the number of whole-building rental apartments delivered to individual investors declined slightly to 129 (135 in the previous fiscal year), while deliveries of rental housing and other construction contracts and housing for seniors with services increased to 65 (51 in the previous fiscal year). Construction contract work progressed steadily, resulting in segment revenue of ¥32,042 million, up 0.1% year on year, and segment profit of ¥3,101 million, up 12.2%.」
Whole-building rental apartment deliveries declined slightly, but higher deliveries under construction contracts and housing for seniors with services and progress on construction work resulted in higher revenue and profit. - FY2026-H1AdvancedAnnual report
「In the land utilization segment, during the six months ended September 30, the number of whole-building rental apartments delivered to individual investors was broadly unchanged at 71 (70 in the same period of the previous year), while deliveries of rental housing and other construction contracts and housing for seniors with services increased slightly to 29 (25 in the same period of the previous year). Construction contract work progressed steadily, resulting in segment revenue of ¥16,662 million, up 6.1% year on year, and segment profit of ¥1,717 million, up 20.8%.」
Whole-building rental apartment deliveries were broadly unchanged, but higher deliveries under construction contracts and other projects and progress on construction work resulted in higher revenue and profit. - FY2025Slightly fewer apartments and fewer construction contracts resulted in higher revenue but lower profit.Annual report
「During the fiscal year, the number of whole-building rental apartments delivered to individual investors declined slightly to 135 (137 in the previous fiscal year), while deliveries of rental housing and other construction contracts and housing for seniors with services declined to 51 (59 in the previous fiscal year). Revenue increased slightly as new orders were strong and construction contract work progressed steadily. As a result, segment revenue was ¥32,010 million, up 0.3% year on year, while segment profit was ¥2,763 million, down 6.4%.」
Deliveries of apartments and construction contracts and other projects declined, but new orders and construction progress resulted in higher revenue. Profit, however, declined. - FY2025-H1Higher apartment deliveries and fewer construction contracts resulted in higher revenue and profit.Annual report
「During the six months ended September 30, the number of whole-building rental apartments delivered to individual investors increased sharply to 70 (50 in the same period of the previous year), while deliveries of rental housing and other construction contracts and housing for seniors with services declined to 25 (29 in the same period of the previous year). However, construction contract work progressed steadily, resulting in segment revenue of ¥15,708 million, up 21.6% year on year, and segment profit of ¥1,421 million, up 34.8%.」
Whole-building rental apartment deliveries increased and deliveries under construction contracts and other projects declined, but progress on construction work resulted in higher revenue and profit in the land utilization segment. - FY2024AdvancedAnnual report
「During the fiscal year, the number of whole-building rental apartments delivered to individual investors increased by 12 to 137 (125 in the previous fiscal year), and the higher sales price per building led to a substantial increase in revenue. Deliveries of rental housing and other construction contracts and housing for seniors with services also increased sharply to 59 (29 in the previous fiscal year).」
Whole-building rental apartment deliveries increased to 137, while deliveries under rental housing and other construction contracts and housing for seniors with services increased to 59, resulting in higher segment revenue and profit. - FY2024-Q3AdvancedAnnual report
「In the land utilization segment, during the nine months ended December 31, the number of whole-building rental apartments delivered to individual investors declined sharply to 77 (94 in the same period of the previous year). However, deliveries of the highly profitable rental housing and other construction contracts and housing for seniors with services increased sharply to 48 (21 in the same period of the previous year). New orders remained solid and construction contract work progressed steadily, resulting in segment revenue of ¥20,371 million, up 5.7% year on year, and segment profit of ¥1,706 million, up 12.5%.」
Whole-building rental apartment deliveries declined, but deliveries of the highly profitable construction contracts and housing for seniors with services increased from 21 to 48, resulting in higher revenue and profit against a backdrop of strong new orders and construction progress. - FY2024-Q2RestatedAnnual report
「During the six months ended September 30, the number of whole-building rental apartments delivered to individual investors declined to 50 (65 in the same period of the previous year), but deliveries under the highly profitable construction contracts for rental housing and other properties increased to 29 (12 in the same period of the previous year). As a result, segment revenue was ¥12,916 million, up 1.2% year on year, and segment profit was ¥1,055 million, up 7.8%.」
Although whole-building rental apartment deliveries declined, deliveries under the highly profitable construction contracts for rental housing and other properties increased, continuing the pattern of higher revenue and profit in the land utilization segment. - FY2024-Q1Fewer apartment deliveries and more construction contracts resulted in higher revenue and profit.Annual report
「The number of whole-building rental apartments delivered to individual investors declined to 24 (32 in the same period of the previous year), but deliveries under the highly profitable construction contracts for rental housing and other properties increased to 10 (3 in the same period of the previous year). As a result, segment revenue was ¥6,306 million, up 0.7% year on year, and segment profit was ¥524 million, up 14.0%.」
Whole-building rental apartment deliveries declined, but higher deliveries under the highly profitable construction contracts for rental housing and other properties resulted in higher revenue and profit. - FY2023Slightly fewer apartment deliveries and fewer construction contracts resulted in lower revenue and profit.Annual report
「During the fiscal year, the number of whole-building rental apartments delivered to individual investors declined slightly to 125 (130 in the previous fiscal year), but revenue increased due to a higher average price per building. Deliveries of rental housing and other construction contracts and housing for seniors with services declined to 29 (40 in the previous fiscal year), but revenue increased as new orders were strong and construction contract work progressed steadily.」
Deliveries of whole-building rental apartments and construction contracts and other projects declined, while new orders and construction progress were strong. For the full year, both segment revenue and profit declined. - FY2023-Q3Slightly fewer apartment deliveries and fewer construction contracts resulted in lower revenue and profit.Annual report
「During the nine months ended December 31, the number of whole-building rental apartments delivered to individual investors declined slightly to 94 (97 in the same period of the previous year), but revenue from these apartments increased slightly due to a higher average price per building. Deliveries of rental housing and other construction contracts and housing for seniors with services also declined to 21 (34 in the same period of the previous year), but revenue increased as new orders were strong and construction contract work progressed steadily. Meanwhile, internal revenue declined as construction of housing for seniors with services owned by the company decreased from the same period of the previous year. As a result, segment revenue was ¥19,274 million, down 3.4% year on year, and segment profit was ¥1,517 million, down 11.7%, reflecting higher construction costs.」
Whole-building rental apartment deliveries declined slightly, as did deliveries under construction contracts and other projects. New orders and construction progress were strong, but higher construction costs resulted in lower revenue and profit. - FY2023-Q2Flat whole-building rental apartment deliveries and fewer construction contracts resulted in lower revenue and profit.Annual report
「The number of whole-building rental apartments delivered to individual investors was 65 (65 in the same period of the previous year), while the number of deliveries under the highly profitable construction contracts for rental housing and other properties declined to 12 (22 in the same period of the previous year). As a result, segment revenue was ¥12,756 million, down 6.4% year on year, and segment profit was ¥978 million, down 20.2%.」
Whole-building rental apartment deliveries were flat, but fewer deliveries under the highly profitable construction contracts resulted in lower revenue and profit in the land utilization segment. - FY2023-Q1Higher whole-building rental apartment deliveries and fewer construction contracts resulted in higher revenue but lower profit.Annual report
「The number of whole-building rental apartments delivered to individual investors rose sharply to 32 (22 in the same period of the previous year), but the number of deliveries under the highly profitable construction contracts for rental housing and other properties declined to 3 (10 in the same period of the previous year). As a result, segment revenue was ¥6,262 million, up 15.7% year on year, while segment profit was ¥460 million, down 0.9%.」
Whole-building rental apartment deliveries increased, but deliveries under the highly profitable construction contracts for rental housing and other properties declined, resulting in higher revenue but a slight decrease in profit. - FY2022AdvancedAnnual report
「The number of whole-building rental apartments delivered to individual investors increased to 130 (113 in the previous fiscal year), resulting in segment revenue of ¥26,775 million, up 2.6% year on year, and segment profit of ¥2,365 million, up 2.4%.」
The increase in entire rental apartment building deliveries resulted in higher sales and profit in the Land Utilization segment. - FY2022-Q3AdvancedAnnual report
「During the nine months ended December 31, the number of whole-building rental apartments delivered to individual investors rose sharply to 97 (63 in the same period of the previous year), resulting in segment revenue of ¥19,956 million, up 15.9% year on year, and segment profit of ¥1,718 million, up 11.6%.」
The number of whole-building rental apartments delivered increased to 97, resulting in higher revenue and profit in the land utilization segment. - FY2022-Q2AdvancedAnnual report
「The number of entire rental apartment buildings delivered to individual investors in the first half of the current fiscal year was 65 (34 in the same period of the previous year), a substantial year-on-year increase. As a result, segment sales were ¥12,244 million (up 32.4% year on year) and segment profit was ¥1,001 million (up 35.4% year on year).」
The increase in entire rental apartment building deliveries to 65 resulted in higher sales and profit in the Land Utilization segment. - FY2022-Q1AdvancedAnnual report
「The number of entire rental apartment buildings delivered to individual investors in the first quarter of the current fiscal year was 22 (9 in the same period of the previous year), a substantial year-on-year increase. As a result, segment sales were ¥4,934 million (up 44.6% year on year) and segment profit was ¥385 million (up 29.4% year on year).」
The increase in entire rental apartment building deliveries resulted in higher sales and profit in the Land Utilization segment. - FY2021More deliveries and higher sales, but lower profitAnnual report
「Deliveries of rental housing and other construction contracts, rental housing for seniors with services, and entire rental apartment buildings sold to individual investors all remained strong.」
Deliveries under construction contracts and other arrangements increased to 61, while entire rental apartment buildings increased to 113. Sales rose, but segment profit declined due to the impact of construction costs and other factors. - FY2021-Q3AdvancedAnnual report
「Order-taking activities were substantially restricted by the state of emergency declared in April 2020 in response to the spread of COVID-19, but orders began to recover after the declaration was lifted. Orders received in the first nine months of the current fiscal year totaled ¥16,021 million (down 0.0% year on year). The number of deliveries also increased year on year. As a result, segment sales were ¥15,991 million (up 5.6% year on year) and segment profit was ¥1,379 million (up 2.6% year on year).」
Orders began to recover after the state of emergency was lifted, and the increase in deliveries resulted in higher sales and profit in the Land Utilization segment. - FY2021-Q2RestatedAnnual report
「In the Land Utilization segment, order-taking activities were substantially restricted by the state of emergency declared in response to the spread of COVID-19. After the declaration was lifted, orders began to recover. Orders received in the first half of the current fiscal year totaled ¥10,234 million (down 14.6% year on year). The number of buildings delivered in the first half of the current fiscal year also declined year on year.」
It describes restrictions on order-taking activities under the state of emergency and the recovery trend after its lifting, while orders received and buildings delivered continued to decline year on year. - FY2021-Q1Substantial decline in entire rental apartment building deliveries, resulting in lower sales and profitAnnual report
「The number of entire rental apartment buildings delivered to individual investors in the first quarter of the current fiscal year was 9 (23 in the same period of the previous year), a substantial year-on-year decrease. As a result, segment sales were ¥3,413 million (down 24.6% year on year) and segment profit was ¥298 million (down 30.6% year on year).」
The number of entire rental apartment buildings delivered to individual investors fell from 23 to 9, resulting in lower sales and profit in the Land Utilization segment. - FY2020Fewer entire rental apartment building deliveries, resulting in lower sales and profitAnnual report
「The number of entire rental apartment buildings delivered to individual investors was 110 (143 in the previous fiscal year), a substantial decrease from the previous fiscal year. As a result, segment sales were ¥23,298 million (down 2.3% year on year) and segment profit was ¥2,171 million (down 8.8% year on year).」
The decline in entire rental apartment building deliveries resulted in lower sales and profit in the Land Utilization segment. - FY2020-Q3Fewer entire rental apartment building deliveries, resulting in lower sales and profitAnnual report
「The number of entire rental apartment buildings delivered to individual investors in the first nine months of the current fiscal year was 69 (111 in the same period of the previous year), a substantial year-on-year decrease. As a result, segment sales were ¥15,147 million (down 14.7% year on year) and segment profit was ¥1,343 million (down 22.2% year on year).」
The decline in entire rental apartment building deliveries resulted in lower sales and profit in the Land Utilization segment. - FY2020-Q2RestatedAnnual report
「The number of entire rental apartment buildings delivered to individual investors in the first half of the current fiscal year was 42 (74 in the same period of the previous year), a substantial year-on-year decrease. As a result, segment sales were ¥9,472 million (down 20.3% year on year) and segment profit was ¥828 million (down 28.6% year on year).」
The decline in entire rental apartment building deliveries has continued to result in lower sales and profit in the Land Utilization segment. - FY2020-Q1Fewer entire rental apartment building deliveries, resulting in lower sales and profitAnnual report
「The number of entire rental apartment buildings delivered to individual investors was 23 (34 in the same period of the previous year), a substantial year-on-year decrease. As a result, segment sales were ¥4,527 million (down 22.5% year on year) and segment profit was ¥429 million (down 31.4% year on year).」
The decline in entire rental apartment building deliveries resulted in lower sales and profit in the Land Utilization segment. - FY2019Higher sales, lower profit, and narrower profit marginsAnnual report
「Reflecting the substantial order backlog for entire rental apartment buildings sold to individual investors at the end of the previous fiscal year, segment sales increased to ¥23,847 million (up 16.8% year on year). In terms of profit, segment profit fell to ¥2,381 million (down 7.8% year on year), reflecting lower sales from rental housing construction contracts and a relative decline in profit margins following the delivery of a large entire rental apartment building to an individual investor in the previous fiscal year.」
The order backlog increased sales, while lower sales from rental housing construction contracts and the absence of the previous year's large project resulted in lower profit. - FY2019-Q3RestatedAnnual report
「Reflecting the substantial order backlog for entire rental apartment buildings sold to individual investors at the end of the previous fiscal year, segment sales increased to ¥17,761 million (up 18.6% year on year). However, segment profit fell to ¥1,726 million (down 7.9% year on year), reflecting lower sales from rental housing construction contracts and lower profit margins on entire rental apartment buildings sold to individual investors.」
The pattern continued: the substantial order backlog lifted sales, while lower sales from highly profitable construction contracts and lower margins on entire rental apartment buildings reduced profit. - FY2019-Q2Higher sales but continued profit declines, with margins on apartment buildings also lowerAnnual report
「Reflecting the substantial order backlog for entire rental apartment buildings sold to individual investors at the end of the previous fiscal year, sales increased to ¥11,879 million (up 17.4% year on year). However, segment profit fell to ¥1,160 million (down 14.7% year on year), reflecting lower sales from profitable rental housing construction contracts and lower profit margins on entire rental apartment buildings sold to individual investors.」
The substantial order backlog resulted in higher sales, while lower sales from highly profitable construction contracts and lower margins on entire rental apartment buildings led to lower profit. - FY2019-Q1Higher sales from the order backlog but lower profit as high-margin construction contracts declinedAnnual report
「Reflecting the substantial order backlog for entire rental apartment buildings sold to individual investors at the end of the previous fiscal year, sales edged up to ¥5,845 million (up 1.1% year on year). However, reflecting lower sales from construction contracts for rental housing and other properties, which have high gross margins, segment profit fell to ¥626 million (down 30.0% year on year).」
The substantial order backlog for entire rental apartment buildings led to a slight increase in sales, while lower sales from high-margin rental housing construction contracts reduced profit. - FY2018-Q3AdvancedAnnual report
「Reflecting the substantial order backlog for entire rental apartment buildings sold to individual investors at the end of the previous fiscal year, sales increased to ¥14,973 million (up 11.0% year on year), and segment profit also increased to ¥1,873 million (up 25.7% year on year).」
Supported by the substantial order backlog, sales and segment profit in the Land Utilization segment exceeded the same period of the previous year. - FY2018-Q2AdvancedAnnual report
「Reflecting the substantial order backlog for entire rental apartment buildings sold to individual investors at the end of the previous fiscal year, sales increased to ¥10,117 million (up 7.4% year on year), and segment profit also increased to ¥1,360 million (up 22.6% year on year).」
Supported by the substantial order backlog, sales and segment profit in the Land Utilization segment exceeded the same period of the previous year. - FY2018-Q1AdvancedAnnual report
「Reflecting the substantial order backlog for entire rental apartment buildings sold to individual investors at the end of the previous fiscal year, sales increased substantially to ¥5,784 million (up 54.0% year on year), and segment profit also increased substantially to ¥895 million (up 129.9% year on year).」
The Land Utilization segment recorded substantial increases in sales and profit, supported by the substantial order backlog at the end of the previous fiscal year. - FY2017-Q3AdvancedAnnual report
「Orders remained solid in the first nine months of the current fiscal year. The combined value of contracts for the construction of rental housing and other properties and entire rental apartment buildings sold to individual investors was ¥15,385 million (up 8.4% year on year). Sales were ¥13,486 million (up 39.8% year on year), and segment profit increased substantially to ¥1,490 million (up 158.4% year on year).」
The contract value, sales, and segment profit for rental housing and other construction contracts and entire rental apartment buildings exceeded the same period of the previous year. - FY2017-Q2AdvancedAnnual report
「The combined value of contracts for the construction of rental housing and other properties and entire rental apartment buildings sold to individual investors was ¥11,023 million (up 14.7% year on year). Sales were ¥9,415 million (up 59.7% year on year), and segment profit was ¥1,110 million (up 306.1% year on year).」
It reports increases in contract value, sales, and segment profit in the Land Utilization business. - FY2017-Q1First statedAnnual report
「Orders in the Land Utilization segment remained strong in the first quarter of the current fiscal year. The combined value of contracts for the construction of rental housing and other properties and entire rental apartment buildings sold to individual investors was ¥5,932 million (up 10.3% year on year). Segment sales were ¥3,755 million (up 44.4% year on year), and segment profit was ¥389 million (up 412.3% year on year).」
It describes strong orders in the Land Utilization business and increases in sales and profit.