Decline in rental income due to corporate tenants vacating properties
First written in FY2019-Q1. 2 of 5 entries say "Restated". Latest entry: FY2020-Q2.
Revolution moved to the "Worse" side of this theme in 2020, the same year as the typical company in this theme.
The whole theme swung hardest in 2020: 4 of 11 companies on the "Worse" side.
1 other company's latest entry also says "Worsened".
- FY2020-Q2WorsenedAnnual report
「Rental income from the company's income-producing properties and weekly rental business, which are core components of this segment, declined only minimally year on year despite the inability of international students to enter Japan, partly because occupancy had previously been high. Maintenance and repair income increased year on year as the company secured more renovation projects. Meanwhile, brokerage fees at Apaman Shop declined year on year because both the number of visitors and the number of contracts decreased compared with a typical year.」
The company disclosed the impact on rental income from the inability of international students to enter Japan, as well as declines in the number of visitors and contracts at Apaman Shop and in brokerage fees. Meanwhile, maintenance and repair income increased as the company secured renovation projects. - FY2020-Q1WorsenedAnnual report
「Maintenance and repair income also declined year on year in the corresponding quarter because the number of relatively large-scale construction projects, such as those in the previous corresponding quarter, decreased. Brokerage fees at Apaman Shop also declined year on year in the corresponding quarter because both the number of visitors and the number of contracts decreased compared with a typical year.」
In addition to the decline in rental income caused by corporate tenants vacating, the company explicitly cited declines in large-scale construction projects and in brokerage fees resulting from fewer visitors and contracts, broadening the factors behind the decline in revenue from the rental management business. - FY2019-Q3RestatedAnnual report
「Rental income from the company's income-generating properties and weekly-rental business, which are core businesses in this segment, declined year on year due to the departure of the corporate tenant occupying a company-owned building. Maintenance and repair revenue also declined year on year because there were no projects on the scale of the same quarter of the previous year.」
The company restated the decline in rental income due to corporate tenants vacating, as well as the decline in maintenance and repair income because there were no projects of the scale seen in the previous corresponding period. - FY2019-Q2RestatedAnnual report
「Rental income from the company's income-generating properties and weekly-rental business, which are core businesses in this segment, declined year on year due to the departure of the corporate tenant occupying a company-owned building. Maintenance and repair revenue also declined year on year because there were no projects on the scale of the same quarter of the previous year.」
The company restated the decline in rental income due to corporate tenants vacating, as well as the decline in maintenance and repair income because there were no projects of the scale seen in the previous corresponding period. - FY2019-Q1MaterialisedAnnual report
「Rental income from the company's income-generating properties and weekly-rental business, which are core businesses in this segment, declined year on year due to the departure of the corporate tenant occupying a company-owned building. Maintenance and repair revenue also declined year on year because there were no projects on the scale of the same quarter of the previous year.」
The company stated that rental income from income-producing properties and its weekly rental business declined year on year in the corresponding quarter because corporate tenants vacated its own building.