Decrease in rental income due to the sale of properties owned by the Company
First written in FY2016-Q3. 9 of 16 entries say "Restated". Latest entry: FY2023.
Revolution moved to the "Worse" side of this theme in 2024.
The whole theme swung hardest in 2024: 1 of 6 companies on the "Worse" side.
1 other company's latest entry also says "Reframed".
- FY2023ReframedAnnual report
「The company's rental business was transferred to 緑都開発株式会社 through a company split, specifically a simplified absorption-type company split.」
The previous framework, which focused on the trade-off between income from owning and leasing company-owned properties and monetisation through sales, has changed to transferring the rental business itself through a company split and shifting toward a business centred on real estate sales and purchases. - FY2022AdvancedAnnual report
「Under these circumstances, in the real estate business, the company sold and monetised all company-owned properties reclassified from fixed assets to real estate for sale, with the aim of transitioning to a business model centred on major metropolitan areas such as Tokyo.」
Regarding the sale and monetisation of fixed assets generating rental income, the company stated that it had progressed from deciding on the policy and delivering some properties to selling all properties covered by the policy. - FY2022-Q3AdvancedAnnual report
「Regarding company-owned properties reclassified from fixed assets to real estate for sale, contracts were signed and delivery was completed for 2 properties. In addition, after the end of the third-quarter consolidated accounting period, the company resolved to sell additional company-owned properties and recognised an inventory valuation loss on some of them.」
Regarding the policy of selling company-owned properties, contracts and delivery were completed for 2 properties, and the company proceeded with a resolution to sell additional company-owned properties and with some contracts. An inventory valuation loss associated with the sales was also recognised. - FY2022-Q2ReframedAnnual report
「The company also decided to sell the properties it owns.」
The description has changed from limiting additional sales of company-owned rental properties in order to maintain existing rental income to a policy of selling company-owned properties held. - FY2021-Q3MitigatedAnnual report
「The company also delivered one property classified as a fixed asset, but the impact on future performance is expected to be minor.」
Regarding the impact on performance from the sale and delivery of fixed assets, the company stated that although one property was delivered, the impact on future performance would be minor. - FY2020ReframedAnnual report
「Regarding property replacement in particular, we will consider monetising assets so that funds can be managed more efficiently.」
In response to the previous trade-off involving the decline in rental income from selling company-owned properties, the company has newly indicated a policy of considering the replacement and monetisation of properties held. - 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 continues to describe the decline in rental income from its income-generating properties and weekly-rental business following the departure of the corporate tenant. - FY2019-Q1RestatedAnnual report
「As selling any more properties that generate rental income would run counter to measures aimed at achieving profitability, we will generally refrain from doing so.」
The company recognises the trade-off between reducing interest-bearing debt and maintaining rental income, and continues its policy of generally not selling properties that generate rental income. - FY2018-Q3RestatedAnnual report
「Although we have proceeded with property sales to reduce interest-bearing debt, we will generally refrain from selling any more properties that generate rental income, as doing so would run counter to measures aimed at achieving profitability.」
The company recognises the trade-off between selling properties to reduce interest-bearing debt and achieving profitability by maintaining rental income, and continues its policy of generally not selling properties that generate rental income. - FY2018-Q1RestatedAnnual report
「Although we have proceeded to reduce interest-bearing debt through property sales, we will generally not sell any more properties that generate rental income, as doing so would run counter to measures aimed at returning to profitability. We will address inventory assets individually where the impact on cash flow is minor.」
The company recognises the trade-off between selling properties to reduce interest-bearing debt and achieving profitability by maintaining rental income, and continues its policy of generally not selling properties that generate rental income. - FY2017-Q4RestatedAnnual report
「Although we have reduced interest-bearing debt by selling properties, selling any more properties that generate rental income would run counter to measures aimed at returning to profitability. We will therefore continue individual negotiations with financial institutions to obtain their cooperation in rebuilding the Company.」
The company recognises the trade-off with the decline in rental income resulting from property sales and continues its policy of generally not selling any more properties that generate rental income. - FY2017-Q3RestatedAnnual report
「Although we have reduced interest-bearing debt by selling properties, selling any more properties that generate rental income would run counter to measures aimed at returning to profitability. We will therefore continue individual negotiations with financial institutions to obtain their cooperation in rebuilding the Company.」
The company has indicated a policy of not selling any more properties that generate rental income and continues to recognise the trade-off with the resulting decline in rental income from selling company-owned properties. - FY2017RestatedAnnual report
「As selling any more properties that generate rental income would run counter to measures aimed at achieving profitability, we will generally refrain from doing so.」
The company continues to describe the trade-off between selling properties to reduce interest-bearing debt and achieving profitability by maintaining rental income. - FY2017-Q1RestatedAnnual report
「Although rental income will decline due to the impact of selling company-owned properties in the previous fiscal year, we are pursuing sales activities to minimise this impact, including arranging tenants for company-owned buildings and securing large-scale construction projects.」
The company continues to recognise the decline in rental income resulting from the sale of company-owned properties and has indicated a policy of limiting the impact by arranging tenants and securing large-scale construction projects. - FY2016-Q4RestatedAnnual report
「Although rental income will decline due to the impact of selling company-owned properties in the previous fiscal year, we are pursuing sales activities to minimise this impact, including arranging tenants for company-owned buildings and securing large-scale construction projects.」
The company continues to recognise the decline in rental income resulting from the sale of company-owned properties and has indicated a policy of limiting the impact by arranging tenants and securing large-scale construction projects. - FY2016-Q3First statedAnnual report
「Rental income, sales, and profit declined year on year because some company-owned properties were sold in the previous fiscal year, but performance has generally been in line with the initial plan.」
The company reported declines in rental income, sales, and profit following the sale of some company-owned properties, and stated that it would minimize the impact by arranging tenants and securing large-scale construction projects.