Diversification from Flow Revenue to Recurring Fee Revenue
First written in FY2016. 24 of 37 entries say "Advanced", first in FY2017-Q1. Latest entry: 2026-08-07.
No other company in this theme has enough history to compare yet.
- 2026-08-07AdvancedEarnings
「In the asset management business, revenue from the business was ¥179 million, up 63.0% year on year, due to management fees and other factors.」
Revenue in the asset management business increased 63.0% year on year. The segment loss improved from ¥81 million in the same quarter of the previous year to ¥30 million, but the segment remained loss-making. - FY2026AdvancedAnnual report
「In the asset management business, revenue was ¥1,226 million, generated by management fees and other revenue.」
Revenue from the asset management business was ¥1,226 million, up 5.5% year on year. The fee business recovered and expanded as assets under management accumulated. - 2026-05-20AdvancedFinancial Results Presentation
「Strengthening the foundation for future growth through steady expansion of AUM.」
The company reported AUM of ¥339 billion at the end of March 2026 and presented an indicative scale of ¥480 billion at the end of March 2028 and ¥700 billion at the end of March 2031. - FY2026-H1Decline in asset management revenueAnnual report
「In the asset management business, revenue was ¥488 million, down 17.5% year on year, due to management fees and other revenue.」
Revenue from the asset management business, which generates management fees and other revenue, was ¥488 million, down 17.5% year on year. Segment profit also declined from ¥191 million in the same period of the previous year to ¥26 million. - FY2025AdvancedAnnual report
「We will strengthen our recurring-revenue business and expand EBITDA while continuing to maintain financial soundness, improve our equity ratio and reduce our interest-bearing debt ratio.」
The shift from flow revenue to recurring-fee revenue explicitly linked the strengthening of the recurring-revenue business to EBITDA expansion, an improved equity ratio and a lower interest-bearing debt ratio. - FY2025-H1AdvancedAnnual report
「In the asset management business, revenue was ¥592 million, up 113.9% year on year, due to management fees and other revenue.」
Revenue from the asset management business, which had declined through the previous fiscal year, recovered to ¥592 million, up 113.9% year on year. Segment profit also swung from a loss of ¥83 million in the same period of the previous year to a profit of ¥191 million. - FY2024Continued decline in asset management revenueAnnual report
「In the asset management business, revenue was ¥734 million, generated by management fees and other revenue.」
Revenue from the asset management business was ¥734 million, down 33.0% year on year. The contraction in fee revenue caused by the decline in acquisition fees since the previous fiscal year has continued. - FY2024-Q3Continued decline in asset management revenueAnnual report
「In the asset management business, revenue was ¥371 million, down 54.4% year on year, due to management fees and other revenue.」
Revenue from the asset management business, which generates management fees and other revenue, was ¥371 million, down 54.4% year on year. The decline in fee revenue that began in the previous fiscal year has continued. - FY2024-Q2Continued decline in asset management revenueAnnual report
「In the asset management business, revenue was ¥276 million, down 56.7% year on year, due to management fees and other revenue.」
Revenue from the asset management business, which generates management fees and other revenue, was ¥276 million, down 56.7% year on year. The decline in fee revenue that began in the previous fiscal year has continued. - FY2024-Q1Continued decline in asset management revenueAnnual report
「In the asset management business, revenue was ¥79 million, down 68.5% year on year, due to management fees and other revenue.」
Revenue from the asset management business, which generates management fees and other revenue, was ¥79 million, down 68.5% year on year. - FY2023ReframedAnnual report
「We shifted our strategy from a business model centered on flow revenue generated by developing and selling power generation facilities to one centered on recurring revenue generated by owning power generation facilities and receiving ongoing electricity sales income.」
The business model in the energy business clearly shifted from selling facilities to owning them and selling the electricity they generate, diversifying revenue from flow revenue into recurring-fee revenue. - FY2023-Q3Continued decline in asset management revenueAnnual report
「In the asset management business, revenue was ¥813 million, down 22.7% year on year. The same quarter of the previous year included acquisition fees associated with the acquisition of power generation facilities by Takara Leben Infrastructure Fund, while no acquisition fees related to Takara Leben Infrastructure Fund were recorded in the third quarter, among other factors.」
The asset management business recorded revenue of ¥813 million, down 22.7% year on year, due to whether acquisition fees were recorded. Volatility in management-fee- and acquisition-fee-based revenue continues. - FY2023-Q2Decline in asset management revenueAnnual report
「In the asset management business, revenue was ¥638 million, down 7.3% year on year, due to management fees and other revenue.」
Revenue from the asset management business, which generates management fees and other revenue, was ¥638 million, down 7.3% year on year. - FY2023-Q1AdvancedAnnual report
「In the asset management business, revenue was ¥250 million, up 25.3% year on year, driven by management fees and other revenue.」
Revenue from the asset management business, which generates management fees and other revenue, was ¥250 million, up 25.3% year on year. - FY2022AdvancedAnnual report
「In the real estate leasing business, revenue was ¥5,950 million, generated by rental income from apartments, condominiums, offices and other properties. In the real estate management business, revenue was ¥5,856 million, based on management income and other revenue from 69,335 managed units.」
In the recurring-fee business, rental income increased from ¥5,753 million in the previous fiscal year to ¥5,950 million, while management income and other revenue increased from ¥5,446 million to ¥5,856 million. - FY2022-Q3AdvancedAnnual report
「In the real estate leasing business, revenue was ¥4,466 million, compared with ¥4,278 million in the same quarter of the previous year, driven by rental income from condominiums, offices and other properties. In the real estate management business, revenue was ¥4,363 million, compared with ¥4,087 million in the same quarter of the previous year, based on management income and other revenue from 67,563 managed units.」
In the recurring-fee business, rental income was ¥4,466 million and management income and other revenue was ¥4,363 million, both exceeding the same quarter of the previous year. The number of managed units also expanded to 67,563. - FY2022-Q2AdvancedAnnual report
「In the real estate leasing business, revenue was ¥2,979 million, compared with ¥2,815 million in the same quarter of the previous year, driven by rental income from condominiums, offices and other properties. In the real estate management business, revenue was ¥2,911 million, compared with ¥2,720 million in the same quarter of the previous year, based on management income and other revenue from 66,313 managed units.」
In the recurring-fee business, rental income was ¥2,979 million and management income and other revenue was ¥2,911 million, both exceeding the ¥2,815 million and ¥2,720 million recorded in the same quarter of the previous year, respectively. - FY2022-Q1AdvancedAnnual report
「In the real estate leasing business, rental income from condominiums and offices resulted in segment revenue of ¥1,441 million, compared with ¥1,391 million in the same quarter of the previous year. In the real estate management business, management revenue and other revenue from 67,064 units resulted in segment revenue of ¥1,438 million, compared with ¥1,355 million in the same quarter of the previous year.」
In the current quarter, rental income of ¥1,441 million and management income and other revenue of ¥1,438 million were recorded. Both rental income and management income and other revenue increased year on year, while the number of managed units expanded to 67,064. - FY2021Continued expansion of management revenue and decline in rental incomeAnnual report
「In the real estate leasing business, rental income from apartments, condominiums and offices amounted to ¥5,753 million. In the real estate management business, management revenue and other revenue from 66,037 units amounted to ¥5,446 million.」
Rental income amounted to ¥5,753 million, down 3.5% year on year, while management revenue and other revenue amounted to ¥5,446 million, up 7.9% year on year. Expansion in units under management coincided with lower rental income. - FY2021-Q3Continued expansion of management revenue and decline in rental incomeAnnual report
「In the real estate leasing business, rental income from condominiums and offices resulted in segment revenue of ¥4,278 million, down 1.4% year on year. In the real estate management business, management revenue and other revenue from 63,454 units resulted in segment revenue of ¥4,087 million, up 9.5% year on year.」
In the recurring fee segment, units under management reached 63,454 and revenue from the management business amounted to ¥4,087 million, up 9.5% year on year, while revenue from the leasing business amounted to ¥4,278 million, down 1.4% year on year. Expansion of the management business and lower leasing revenue continued. - FY2021-Q2Expansion of management revenue and decline in rental incomeAnnual report
「In the real estate leasing business, rental income from condominiums and offices resulted in segment revenue of ¥2,815 million, down 2.5% year on year. In the real estate management business, management revenue and other revenue from 62,860 units resulted in segment revenue of ¥2,720 million, up 10.2% year on year.」
In the recurring fee segment, units under management reached 62,860 and management revenue and other revenue amounted to ¥2,720 million, up 10.2% year on year, while rental income amounted to ¥2,815 million, down 2.5% year on year. Expansion of the management business coincided with lower leasing revenue. - FY2021-Q1Expansion of management revenue and decline in rental incomeAnnual report
「In the real estate leasing business, rental income from condominiums and offices resulted in segment revenue of ¥1,391 million, down 5.3% year on year. In the real estate management business, management revenue and other revenue from 60,400 units resulted in segment revenue of ¥1,355 million, up 10.6% year on year.」
In the recurring fee segment, units under management reached 60,400 and management revenue and other revenue amounted to ¥1,355 million, up 10.6% year on year, while rental income amounted to ¥1,391 million, down 5.3% year on year. - FY2020AdvancedAnnual report
「In the real estate leasing business, rental income from apartments, condominiums and offices amounted to ¥5,965 million. In the real estate management business, management revenue and other revenue from 59,747 units amounted to ¥5,046 million.」
Rental income of ¥5,965 million and management revenue and other revenue of ¥5,046 million were recorded, expanding full-year performance in the recurring fee segment. - FY2020-Q3AdvancedAnnual report
「In the real estate leasing business, rental income from condominiums and offices resulted in segment revenue of ¥4,340 million, down 0.5% year on year. In the real estate management business, management revenue from 57,534 units resulted in segment revenue of ¥3,733 million, up 11.7% year on year.」
Rental income declined 0.5% year on year, while units under management reached 57,534 and management revenue amounted to ¥3,733 million, up 11.7% year on year, indicating continued expansion of the management business within the recurring fee segment. - FY2020-Q2AdvancedAnnual report
「In the real estate leasing business, rental income from condominiums and offices resulted in segment revenue of ¥2,886 million, up 1.0% year on year. In the real estate management business, management revenue from 56,317 units resulted in segment revenue of ¥2,468 million, up 13.3% year on year.」
Rental income of ¥2,886 million and management revenue of ¥2,468 million were recorded, and earnings from the recurring fee business continued to expand. Units under management also increased to 56,317. - FY2020-Q1AdvancedAnnual report
「In the real estate leasing business, rental income from condominiums and offices resulted in segment revenue of ¥1,469 million, up 3.7% year on year. In the real estate management business, management revenue from 54,799 units resulted in segment revenue of ¥1,226 million, up 14.4% year on year.」
Both rental income and management revenue exceeded the same quarter of the previous year. Revenue from the leasing business amounted to ¥1,469 million, and revenue from the management business amounted to ¥1,226 million. Units under management also expanded to 54,799. - FY2019AdvancedAnnual report
「In the real estate leasing business, rental income from apartments, condominiums and offices amounted to ¥5,829 million. In the real estate management business, management revenue and other revenue from 54,036 units amounted to ¥4,512 million.」
The recurring businesses generated rental income of ¥5,829 million and management revenue and other revenue of ¥4,512 million, both of which increased year on year. Under the new plan, the company will continue acquiring and developing income-producing real estate and increasing the number of units under management. - FY2019-Q3AdvancedAnnual report
「In the real estate leasing business, rental income from apartments, condominiums and offices resulted in segment revenue of ¥4,361 million, up 7.6% year on year. In the real estate management business, management revenue from 52,883 units resulted in segment revenue of ¥3,341 million, up 12.4% year on year.」
Both rental income and management revenue exceeded the same quarter of the previous year, while units under management expanded to 52,883. Earnings from the recurring fee business continued to expand. - FY2019-Q2AdvancedAnnual report
「In the real estate leasing business, rental income from apartments, condominiums and offices resulted in segment revenue of ¥2,858 million, up 5.3% year on year. In the real estate management business, management revenue from 52,638 units resulted in segment revenue of ¥2,179 million, up 8.9% year on year.」
Both rental income and management revenue exceeded the same quarter of the previous year, while units under management increased to 52,638. Earnings from the recurring fee business continued to expand. - FY2019-Q1AdvancedAnnual report
「In the real estate leasing business, rental income from apartments, condominiums and offices resulted in segment revenue of ¥1,417 million, up 5.4% year on year. In the real estate management business, management revenue from 50,226 units resulted in segment revenue of ¥1,072 million, up 9.4% year on year.」
Both rental income and management revenue exceeded the same quarter of the previous year, while units under management expanded to 50,226. - FY2018-Q3AdvancedAnnual report
「In the real estate leasing business, rental income from apartments, condominiums and offices resulted in segment revenue of ¥4,053 million, up 9.1% year on year. In the real estate management business, management revenue from 47,761 units, an increase of 3,105 units from the end of the previous fiscal year, resulted in segment revenue of ¥2,971 million, up 8.9% year on year.」
Both rental income and management revenue exceeded the same quarter of the previous year, and recurring fee revenue continued to expand. - FY2018-Q2AdvancedAnnual report
「In the real estate leasing business, rental income from apartments, condominiums and offices resulted in segment revenue of ¥2,713 million, up 9.8% year on year. In the real estate management business, management revenue from 45,784 units, an increase of 1,128 units from the end of the previous fiscal year, resulted in segment revenue of ¥2,001 million, up 10.3% year on year.」
Both rental income and management revenue exceeded the same quarter of the previous year. Units under management also increased, and earnings from the recurring fee business continued to expand. - FY2018-Q1AdvancedAnnual report
「In the real estate leasing business, rental income from apartments, condominiums and offices resulted in segment revenue of ¥1,344 million, up 9.3% year on year. In the real estate management business, management revenue from 45,149 units resulted in segment revenue of ¥980 million, up 7.7% year on year.」
Both rental income and management revenue exceeded the same quarter of the previous year, and earnings from the recurring fee business continued to expand. - FY2017-Q3AdvancedAnnual report
「In the real estate leasing business, rental income from apartments, condominiums and offices resulted in segment revenue of ¥3,714 million, up 16.1% year on year. In the real estate management business, management revenue from 43,109 units resulted in segment revenue of ¥2,729 million, up 9.1% year on year.」
Both rental income and management revenue exceeded the previous year's level, expanding earnings from the recurring fee business. - FY2017-Q2AdvancedAnnual report
「In the real estate leasing business, rental income from apartments, condominiums and offices resulted in segment revenue of ¥2,470 million, up 17.2% year on year. In the real estate management business, management revenue from 42,497 units resulted in segment revenue of ¥1,814 million, up 9.2% year on year.」
Both rental income and management revenue exceeded the previous year's level, expanding earnings from the recurring fee business. - FY2017-Q1AdvancedAnnual report
「In the real estate leasing business, rental income from apartments, condominiums and offices resulted in segment revenue of ¥1,229 million, up 16.5% year on year. In the real estate management business, management revenue from 41,890 units resulted in segment revenue of ¥909 million, up 10.0% year on year.」
Both rental income and management revenue exceeded the previous year's level, demonstrating the performance of the recurring fee business in numerical terms. - FY2016First statedAnnual report
「In the recurring fee business, the company is steadily expanding the acquisition and operation of rental properties and mega-solar power generation facilities.」
Direction toward building a stable earnings portfolio through rentals, management, mega-solar power generation and infrastructure funds.