Expansion from a Flow Business into a Stock Business
First written in FY2016. 26 of 35 entries say "Advanced", first in FY2017. Latest entry: 2026-10-30.
9 other companies' latest entry also says "Advanced".
- FY2026ReframedAnnual report
「Building on the expansion of these asset types, the Group has established a business model aimed at maximising revenue opportunities by pursuing development, acquisition and operation as an integrated process. In addition to generating capital gains from the sale of properties developed in-house, the Group combines this with securing stable income gains through the ownership, operation and management of properties by the Company and its group companies, developing a "development value circulation business" that continuously circulates and expands the real estate value created through development.」
The previous explanation of expanding from the traditional flow business into the recurring-revenue business has been reorganised as a "development value circulation business" combining development, acquisition, sale, ownership, operation and management, presented as a business model that circulates capital gains and income gains. - FY2026-H1AdvancedAnnual report
「The businesses of the Group's subsidiaries performed steadily. Revenue from external customers was ¥15.812 billion, up 15.8% year on year, and segment profit was ¥2.995 billion, up 21.9%.」
In Other Businesses, including the condominium-related businesses, revenue from external customers during the interim consolidated accounting period increased 15.8% year on year, while segment profit rose 21.9%, indicating quantitative progress in expanding the recurring-revenue and related businesses. - FY2025AdvancedAnnual report
「In the existing condominium-related businesses, revenue from external customers was ¥29.055 billion, up 40.1% year on year, and segment profit was ¥5.356 billion, up 51.0%.」
Revenue from external customers in Other Businesses, including the condominium-related businesses, increased 40.1% year on year, while segment profit rose 51.0%, indicating quantitative progress in expanding the related and recurring-revenue businesses. - FY2025-H1AdvancedAnnual report
「② Other businesses Existing condominium-related businesses performed steadily. Sales to external customers amounted to ¥13,651 million, up 51.2% year on year, and segment profit was ¥2,458 million, up 62.4% year on year.」
In Other businesses, including condominium-related businesses, sales to external customers and segment profit increased significantly year on year, indicating quantitative progress in expanding related and stock businesses. - FY2024AdvancedAnnual report
「In condominium-related businesses, we will pursue further expansion and strengthening while generating synergies with existing businesses such as condominium development. Condominium-related businesses have grown into a source of earnings supporting our Group. To further expand and strengthen them, we will intensify efforts to generate revenue from outside the Group and actively enter new businesses expected to generate synergies.」
Condominium-related businesses have been positioned as businesses that have grown into a source of earnings, with efforts to generate more revenue from outside the Group and enter new businesses explicitly outlined. Existing Other businesses generated sales of ¥20,744 million and segment profit of ¥3,548 million, with profit up 7.1% from the previous fiscal year. - FY2024-Q3AdvancedAnnual report
「While expanding and growing existing businesses such as office building development, hotels and general construction, we are bringing new businesses such as commercial facilities, healthcare-related facilities and urban compact designer apartments into reality, and are working to establish a structure capable of generating further earnings growth in the future.」
Regarding the expansion of condominium-related and non-condominium businesses, concrete progress was reported in the expansion and growth of office buildings, hotels and general construction, as well as the development of commercial facilities, healthcare-related facilities and urban compact designer apartments. In addition, sales in Other businesses increased 0.6% year on year, while segment profit declined 3.5%. - FY2024-Q2Decline in revenue and profit in related businessesAnnual report
「② Other businesses Existing condominium-related businesses performed steadily. Sales to external customers amounted to ¥9,032 million, down 2.3% year on year, and segment profit was ¥1,514 million, down 0.4% year on year.」
While condominium-related businesses are said to have performed steadily, sales to external customers and segment profit for the cumulative second quarter declined 2.3% and 0.4%, respectively, year on year. - FY2024-Q1AdvancedAnnual report
「② Other Existing condominium-related businesses performed steadily. Sales to external customers amounted to ¥3,936 million, up 5.4% year on year, and segment profit was ¥517 million, up 3.4% year on year.」
In Other businesses, including condominium-related businesses, sales to external customers in the first quarter increased 5.4% year on year and segment profit increased 3.4%, indicating quantitative progress in expanding stock and related businesses. - FY2023-Q3AdvancedAnnual report
「In condominium-related businesses, we further accelerated the longstanding virtuous cycle in which high-quality maintenance services contribute to creating condominiums that customers choose, while the supply of high-quality condominiums contributes to earnings growth in condominium-related businesses. ② Other Existing condominium-related businesses performed steadily. As a result, sales to external customers amounted to ¥14,480 million, up 26.2% year on year, and segment profit was ¥2,488 million, up 25.3% year on year.」
The company states that it further accelerated the virtuous cycle between the supply of high-quality condominiums and maintenance services in condominium-related businesses. Sales amounted to ¥14,480 million and segment profit to ¥2,488 million, both increasing year on year. Expansion of stock and related businesses also progressed quantitatively. - FY2023-Q2AdvancedAnnual report
「② Other Existing condominium-related businesses performed steadily. As a result, sales to external customers amounted to ¥9,244 million, up 23.3% year on year, and segment profit was ¥1,520 million, up 31.9% year on year.」
In condominium-related businesses, including rental, management and brokerage, sales to external customers for the cumulative second quarter increased 23.3% year on year and segment profit increased 31.9%, indicating quantitative progress in expanding stock and related businesses. - FY2023-Q1AdvancedAnnual report
「Existing condominium-related businesses performed steadily. Sales to external customers amounted to ¥3,735 million, up 9.8% year on year, and segment profit was ¥500 million, up 3.9% year on year.」
Sales and segment profit in condominium-related businesses increased year on year. The company also states that it further accelerated the longstanding virtuous cycle created by supplying high-quality condominiums and providing maintenance services. - FY2022RaisedAnnual report
「In other real estate businesses, we will actively expand and grow a wide range of businesses and make them a driving force for the future growth of our Group. In addition to existing businesses such as resort development, hotels, general construction, central wholesale markets and government business, we will establish a business structure focused on new opportunities not limited to condominium development, including large-scale commercial facilities, data centers, logistics facilities, new-town development and compact-city development.」
A plan was presented to expand the business scope beyond condominium-related businesses into resorts, hotels, general construction, government and central wholesale market businesses, large-scale commercial facilities, data centers, logistics facilities and new towns. - FY2022-Q3AdvancedAnnual report
「Existing condominium-related businesses, including the rental business, rental-related businesses, and real estate sales and brokerage, performed steadily. Sales to external customers amounted to ¥11,478 million, up 37.0% year on year, and segment profit was ¥1,985 million, up 15.6% year on year. As all shares of Nanto Building Services Co., Ltd. were acquired during the current third quarter consolidated accounting period and the company was newly included in the scope of consolidation, goodwill arose in the Other segment. The increase in goodwill resulting from this transaction was ¥280 million. The goodwill amount is provisional because the acquisition cost has not been finalized and the allocation of the acquisition cost has not been completed.」
Sales and segment profit in condominium-related businesses increased year on year. In addition, the acquisition of all shares of Nanto Building Services Co., Ltd. on 1 October 2021 was reflected as an addition to the scope of consolidation, resulting in provisional goodwill of ¥280 million in the Other segment. - FY2022-Q2AdvancedAnnual report
「Existing condominium-related businesses, including the rental business, rental-related businesses, and real estate sales and brokerage, performed steadily. Sales to external customers amounted to ¥7,499 million, up 47.4% year on year, and segment profit was ¥1,152 million, up 14.3% year on year. On 1 October 2021, we acquired all shares of Nanto Building Services Co., Ltd. Nanto Building Services Co., Ltd. has a track record in building maintenance in Nara Prefecture and has established a business structure capable of accepting one-stop orders for cleaning, facilities management and security services. By joining the Eslead Group, the company aims to generate synergies including maintaining and expanding transactions with government agencies, strengthening the acquisition of private-sector business in Nara Prefecture and neighboring prefectures, and improving profit margins through joint procurement.」
Sales and segment profit in condominium-related businesses increased year on year. In addition, the acquisition of all shares of Nanto Building Services Co., Ltd. on 1 October 2021 has been reflected as an addition to the scope of consolidation, giving concrete form to the expansion of the building maintenance business, including cleaning, facilities management and security services, and the generation of synergies. - FY2022-Q1AdvancedAnnual report
「Existing condominium-related businesses, including the rental business, condominium management business, rental-related businesses, and real estate sales and brokerage, performed steadily. Sales to external customers amounted to ¥3,401 million, up 78.1% year on year, and segment profit was ¥481 million, up 9.6% year on year.」
Sales in condominium-related businesses increased 78.1% year on year and segment profit increased 9.6%, indicating quantitative progress in expanding stock and related businesses. - FY2021-Q3AdvancedAnnual report
「Existing condominium-related businesses, including the rental business, rental-related businesses, and real estate sales and brokerage, performed steadily. Sales to external customers amounted to ¥8,379 million, up 31.8% year on year, and segment profit was ¥1,716 million, up 77.2% year on year.」
In condominium-related businesses, sales to external customers increased 31.8% year on year and segment profit increased 77.2% in rental, rental-related, real estate sales and brokerage, and other businesses, indicating quantitative progress in expanding stock and related businesses. - FY2021-Q2AdvancedAnnual report
「Existing condominium-related businesses, including the rental business, rental-related businesses, and real estate sales and brokerage, performed steadily. Sales to external customers amounted to ¥5,087 million, up 17.3% year on year, and segment profit was ¥1,008 million, up 36.1% year on year.」
In condominium-related businesses, sales and segment profit from rental, rental-related, real estate sales and brokerage, and other businesses increased year on year, indicating quantitative progress in expanding stock and related businesses. - FY2021-Q1RestatedAnnual report
「In addition, in condominium-related businesses, we worked to expand these businesses, acquire new sources of revenue and enter fields expected to grow in the future.」
The policy of expanding condominium-related businesses, acquiring new sources of revenue and entering growth fields has been reaffirmed. - FY2020AdvancedAnnual report
「Specifically, we will expand our cleaning business, including condominium cleaning, to provide comprehensive services within the Group. In the student housing business, which we have pursued since 2019, we have secured sites for 2 buildings with 228 rooms, scheduled for completion in stages from the fiscal year ending March 2021.」
The measures to expand condominium-related businesses as the second pillar have progressed to a concrete stage, with the expansion of the cleaning business, the securing of sites for 2 student housing buildings with 228 rooms, and scheduled staged completions from the fiscal year ending March 2021. - FY2020-Q3AdvancedAnnual report
「In Other, sales to external customers amounted to ¥6,359 million, up 17.4% year on year, and segment profit was ¥968 million, up 17.8% year on year, driven by the rental business, condominium management business, rental property management business and others.」
In Other businesses, including rental, condominium management and rental property management, sales to external customers amounted to ¥6,359 million and segment profit to ¥968 million, up 17.4% and 17.8%, respectively, year on year. - FY2020-Q2AdvancedAnnual report
「In Other, sales to external customers amounted to ¥4,337 million, up 24.3% year on year, and segment profit was ¥741 million, up 55.1% year on year, driven by the condominium management business, rental property management business, real estate sales and brokerage business, and others.」
In Other businesses, including condominium management, rental property management, and real estate sales and brokerage, sales amounted to ¥4,337 million and segment profit to ¥741 million, up 24.3% and 55.1%, respectively, year on year. - FY2020-Q1AdvancedAnnual report
「In Other, sales to external customers amounted to ¥2,023 million, up 19.0% year on year, and segment profit was ¥270 million, up 27.7% year on year, driven by the condominium management business, rental property management business, real estate sales and brokerage business, and others.」
In Other businesses, including condominium management, rental property management, and real estate sales and brokerage, sales increased 19.0% year on year and segment profit increased 27.7%. - FY2019AdvancedAnnual report
「Making the 8 subsidiaries responsible for businesses other than condominium development another major pillar is a strategic business priority. To address this priority, we are working to expand and strengthen these businesses. Specifically, through an intra-Group reorganization, we launched a new subsidiary engaged in condominium rental brokerage on 1 April 2019 and will seek to expand this business. We have also already begun a minpaku business in Osaka City and secured sites for 10 buildings with 486 rooms, and will seek to provide comprehensive services covering not only property development but also operations.」
The expansion of stock and related businesses has been defined as a business strategy to make 8 subsidiaries the second pillar after condominium development. The launch of a rental brokerage subsidiary, the securing of sites for 10 minpaku buildings with 486 rooms, and the provision of services from development through operations are described in concrete terms. - FY2019-Q3AdvancedAnnual report
「In Other, sales to external customers amounted to ¥5,418 million, up 22.0% year on year, and segment profit was ¥822 million, up 21.8% year on year, driven by the rental business, condominium management business, rental property management business and others.」
In the Other segment, which includes the stock-type rental, condominium management and rental property management businesses, sales amounted to ¥5,418 million and segment profit to ¥822 million, up 22.0% and 21.8%, respectively, year on year. - FY2019-Q2AdvancedAnnual report
「In Other, sales to external customers amounted to ¥3,490 million, up 22.0% year on year, and segment profit was ¥477 million, up 5.6% year on year, driven by the rental business, condominium management business, rental property management business and others.」
In the Other segment, which includes the stock-type rental, condominium management and rental property management businesses, sales increased 22.0% year on year and segment profit increased 5.6%. - FY2019-Q1AdvancedAnnual report
「In Other, sales to external customers amounted to ¥1,700 million, up 17.6% year on year, and segment profit was ¥211 million, up 5.2% year on year, driven by the rental business, condominium management business, rental property management business and others.」
In the Other segment, which includes the stock-type rental, condominium management and rental property management businesses, sales increased 17.6% year on year and segment profit increased 5.2%. - FY2018RaisedAnnual report
「To respond flexibly to changes in the social structure arising from future declines in population and the number of households, as well as diversifying customer needs, we will promote the establishment of stock businesses in condominium-related businesses, the detached-house development business and other businesses outside real estate as another core business, in addition to the condominium development business. Specifically, our stock businesses will include the existing condominium purchase-and-resale business, which leverages our expertise in managing existing properties, as well as condominium-related businesses including condominium management, renovations, rental brokerage, used condominium brokerage, interior sales, moving services, electricity management and renovation, among others.」
The scope of the policy has expanded beyond the previous expansion of stock businesses to include the detached-house development business and other businesses outside real estate, positioning them as another core business. - FY2017AdvancedAnnual report
「To respond flexibly to changes in the social structure arising from future declines in population and the number of households, as well as diversifying customer needs, we will promote the expansion of stock businesses in condominium-related businesses and the detached-house development business, in addition to the condominium development business, through 5 Group subsidiaries.」
The plan has been expanded and given concrete form by including the detached-house development business in addition to the previous expansion of stock businesses, with the initiative to be pursued through 5 companies. - FY2016First statedAnnual report
「To respond flexibly to changes in the social structure arising from future declines in population and the number of households, as well as diversifying customer needs, we will promote the expansion of stock businesses in condominium-related businesses in addition to flow businesses such as condominium development. Specifically, in addition to our existing condominium purchase-and-resale business, which leverages our expertise in managing existing properties, we will promote stock businesses through condominium-related businesses including condominium management, renovations, rental brokerage, used condominium brokerage, interior sales, moving services, electricity management and renovation, among others, focusing on expanding our business as a comprehensive real estate company.」
The policy of expanding multiple related and stock businesses that leverage expertise in managing existing properties, in addition to flow-type businesses centered on condominium development, has been put into concrete form.