Strong performance of the weekly rental business
First written in FY2017-Q1. 3 of 14 entries say "Softened", first in FY2017. Latest entry: FY2023.
Revolution moved to the "Worse" side of this theme in 2020, 6 years before the typical company in this theme (2026).
The whole theme swung hardest in 2020: 4 of 23 companies on the "Worse" side.
1 other company's latest entry also says "Reframed".
- FY2023ReframedAnnual report
「The transfer of the rental business, including property management, repair and maintenance work, and rental income, was completed through an absorption-type company split with 1 August 2023 as the effective date.」
The disclosure changed from describing operations and rental income in the weekly rental business as the company's own business performance to stating that the entire rental business had been transferred to 緑都開発株式会社. - FY2020-Q3RestatedAnnual report
「The weekly rental business declined from the same quarter of the previous year due in part to the impact of COVID-19, including international students being unable to enter Japan.」
The company continues to disclose a decline in revenue from the weekly rental business due to factors including international students being unable to enter Japan. - FY2020-Q2WorsenedAnnual report
「Although international students were unable to enter Japan, rental income from the company's income-producing properties, a core component of this segment, and from the weekly rental business declined only minimally year on year, supported by the high occupancy levels achieved to date.」
Rental income, including from the weekly rental business, declined year on year because international students were unable to enter Japan, but the decline was limited to a minimum. - FY2020-Q1WorsenedAnnual report
「Rental income from the company's income-producing properties, a core component of this segment, and from the weekly rental business declined from the same quarter of the previous year because corporate tenants occupying the company's building vacated the property.」
Rental income, including from the weekly rental business, declined year on year due to corporate tenants vacating their properties, and the factor reducing revenue has continued despite the previously stable operations. - 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 has reiterated that rental income, including from the weekly rental business, is declining because corporate tenants have vacated their properties. - FY2019-Q2WorsenedAnnual 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.」
It states that rental income, including from the weekly rental business, declined year on year because corporate tenants vacated their properties, indicating deterioration in operating performance compared with the previous stable operations. - FY2018Explicit statement of stable operations, including the monthly rental businessAnnual report
「In the property rental management business, rental property brokerage progressed broadly in line with the plan, and company-owned properties and the weekly and monthly rental businesses all operated steadily.」
It states that operations remained stable, including in the monthly rental business, in addition to stable operations in the weekly rental business. - FY2018-Q3RestatedAnnual report
「Although the Act on Proper Management and Promotion of Lodging Business Operations (the so-called New Minpaku Act) is being implemented for the weekly rental business, the company plans to continue operating as before.」
The company has reiterated its plan to continue operating the weekly rental business as before even after implementation of the New Minpaku Act. - FY2018-Q2SoftenedAnnual report
「Although the Act on Proper Management and Promotion of Lodging Business Operations (the so-called New Minpaku Act) is being implemented for the weekly rental business, the company plans to continue operating as before.」
The previous assessment that operations in the weekly rental business were progressing smoothly is not presented; instead, the disclosure states that the business is planned to continue operating as before. - FY2018-Q1Reiterated assessment of smooth performanceAnnual report
「The company made progress in securing repair and maintenance work for managed properties, and operations in the weekly rental business also progressed smoothly.」
Compared with the previous general description of areas of focus and issues for consideration, the company again explicitly states that operations in the weekly rental business progressed smoothly. - FY2017-Q4Reiterated assessment of strong and smooth performanceAnnual report
「Operations at company-owned properties and in the weekly rental business also progressed smoothly, and overall progress was broadly in line with the plan.」
Compared with the previous general description of the areas of focus, the company again explicitly states that operations in the weekly rental business progressed smoothly. - FY2017SoftenedAnnual report
「Although the Act on Proper Management and Promotion of Lodging Business Operations (the so-called New Minpaku Act) is being implemented for the weekly rental business, the company plans to continue operating as before and considers development of the business under the Act an issue for further consideration.」
For the weekly rental business, the previous assessments of strong or smooth performance are not presented; instead, the disclosure states that operations will continue as before and that business development related to the New Minpaku Act is an issue for consideration. - FY2017SoftenedAnnual report
「In the property rental management business, we focused on rental property brokerage, property management, the weekly rental business and securing repair and maintenance contracts.」
The disclosure does not explicitly characterize the weekly rental business as strong; it lists the business as one of the areas of focus in the rental management business. - FY2017-Q1First statedAnnual report
「The strong performance of the weekly rental business」
It reports that the weekly rental business performed strongly within the rental management business.