Business Restructuring Focused on Improving the Profitability of Existing Operations and Capital Efficiency
First written in FY2022. 8 of 9 entries say "Advanced", first in FY2023-Q3. Latest entry: FY2026.
3 other companies' latest entry also says "Advanced".
- FY2026AdvancedAnnual report
「Revenue in the non-airport real estate business was ¥11,312 million, up 77.5% year on year, and segment profit was ¥2,929 million, up 98.4%, mainly due to the sale of 3 office buildings held for sale in the non-asset business and the full-year operation of an office building acquired in the previous fiscal year.」
The non-asset business sold 3 office buildings, resulting in substantial increases in revenue and segment profit in the non-airport real estate business. The improvement and recycling of existing asset value and higher profitability were reflected in the results. - FY2026-H1AdvancedAnnual report
「The airport real estate business recorded revenue of ¥8,730 million, up 3.1% year on year, reflecting higher rental income from revised leasing terms for existing properties and tenant attraction. Despite major repair work, segment profit was ¥2,207 million, up 10.0%, partly because depreciation and amortization expenses declined following the impairment loss recognized in the previous fiscal year on leased facilities in the Haneda Airport 1-chome district.」
Higher income from revisions to leasing terms for existing properties and tenant attraction was reflected in increased revenue and segment profit in the airport real estate business, indicating progress in measures to improve the profitability of existing businesses. - FY2025AdvancedAnnual report
「Operating income was ¥2,321 million, up 6.8% year on year, mainly as a result of lower depreciation and amortization expenses and other costs related to sold facilities and efforts to improve the profitability of existing facilities.」
Improved profitability at existing facilities and lower depreciation and amortization expenses resulting from the disposal of sold facilities were reflected in a 6.8% increase in operating income in the real estate business. - FY2025-H1AdvancedAnnual report
「Under these conditions, the Group's consolidated revenue was ¥14,093 million, up 7.4% year on year, reflecting the revision of leasing terms for existing properties, the relocation associated with the operation of a fresh produce center in the cargo district, increased rental income from the addition of properties in the non-asset business, and higher water supply and drainage usage and revised water supply and drainage rates in public tendering conducted in the previous fiscal year, among other factors.」
The company revised the leasing terms for existing properties, identifying this, along with the increase in non-asset properties, as a factor behind higher rental income. - FY2024AdvancedAnnual report
「Operating income was ¥2,321 million, up 6.8% year on year, mainly as a result of lower depreciation and amortization expenses and other costs related to sold facilities and efforts to improve the profitability of existing facilities.」
Operating income in the real estate business increased 6.8% year on year as a result of improved profitability at existing facilities and the disposal of unprofitable and sold facilities. - FY2024-Q2AdvancedAnnual report
「For these buildings and the buildings already acquired described in ①, we will seek to increase property value by carrying out value-enhancement work in the future.」
The company has presented specific measures to increase the value of the office buildings already acquired, as well as those acquired in October 2023, by carrying out value-enhancement work. - FY2024-Q1AdvancedAnnual report
「In addition, for the buildings already acquired described in ①, we will seek to increase property value by carrying out value-enhancement work in the future.」
The company has presented specific measures to increase the value of acquired office buildings by carrying out value-enhancement work. - FY2023-Q3AdvancedAnnual report
「To further improve asset efficiency and financial strength.」
Regarding measures to improve the profitability and capital efficiency of existing businesses, restructuring including the sale of properties with issues progressed to the execution stage through a resolution to transfer a hotel-use rental property in Kyoto and the execution of the agreement. - FY2022First statedAnnual report
「(3) Improving the profitability of existing businesses In addition to improving occupancy rates and optimizing rents, we aim to improve earnings power by restructuring properties with growth or profitability challenges with a focus on capital efficiency, including through withdrawal and sale.」
The company has newly announced measures to improve the earnings power and capital efficiency of its existing businesses by improving occupancy rates, optimizing rents, and restructuring properties with issues, including through withdrawal and sale.