Expansion of the Property Renovation and Resale Business
First written in FY2019. 19 of 24 entries say "Advanced", first in FY2020. Latest entry: 2026-08-07.
The whole theme swung hardest in 2025: 1 of 11 companies on the "Worse" side.
9 other companies' latest entry also says "Advanced".
- FY2026RaisedAnnual report
「Of the funds originally disclosed as being raised, ¥9,057 million was scheduled to be allocated by September 2026 to investments and loans to MIRARTH Energy Solutions Co., Ltd., a consolidated subsidiary of the company. …Following a review of capital allocation, the policy was changed to allocate funds also to the real estate business, the Group’s core business since its founding, including the development and sale of newly built detached houses and the renewal resale business, and the funds will be allocated to investments and loans to レーベンホームビルド and レーベンゼストック.」
The scope of capital allocation was expanded to include the renewal resale business as a growth area. The policy was changed to allocate ¥6,086 million from funds raised through public offerings and other means to investments in newly built detached house development and renewal resale. - FY2026-H1AdvancedAnnual report
「Due to a change in the holding purpose for some properties from development and leasing to resale, ¥2,223 million in buildings and structures, ¥2 million in tools, furniture and fixtures (included in “Other, net” under property, plant and equipment), ¥1,191 million in land, and ¥8 million in construction in progress (included in “Other, net” under property, plant and equipment) were transferred to real estate for sale and real estate for sale under development during the interim consolidated accounting period. Some of these assets were sold during the interim consolidated accounting period, and ¥4 million of the ¥3,417 million transferred to real estate for sale was recognized as cost of sales.」
¥3,417 million in properties and other assets held for development and leasing was transferred to real estate for sale and related assets, of which ¥4 million was recognized as cost of sales. The conversion into resale inventory and the related sales progressed during the interim period. - FY2025-H1AdvancedAnnual report
「Due to a change in the holding purpose for some properties from development and leasing to resale, ¥1,490 million in buildings and structures, ¥2 million in tools, furniture and fixtures (included in “Other, net” under property, plant and equipment), and ¥1,467 million in land were transferred to real estate for sale and real estate for sale under development during the interim consolidated accounting period. Some of these assets were sold during the interim consolidated accounting period, and ¥2,906 million of the ¥2,957 million transferred to real estate for sale was recognized as cost of sales.」
¥2,957 million in properties and other assets held for development and leasing was transferred to real estate for sale and related assets, of which ¥2,906 million was sold and recognized as cost of sales. The conversion into resale inventory and the related sales progressed during the interim period. - FY2024AdvancedAnnual report
「In addition, due to a change in the holding purpose for some properties from development and leasing to resale, ¥6,031 million in buildings and structures, ¥22 million in tools, furniture and fixtures, ¥13,343 million in land, and ¥1,795 million in construction in progress were transferred to real estate for sale and real estate for sale under development during the consolidated fiscal year. Some of these assets were sold during the consolidated fiscal year, and ¥10,882 million of the ¥20,342 million transferred to real estate for sale was recognized as cost of sales.」
¥20,342 million in properties held for development and leasing was transferred to real estate for resale and related assets, of which ¥10,882 million was recognized as cost of sales. - FY2024-Q3AdvancedAnnual report
「In addition, due to a change in the holding purpose for some properties from development and leasing to resale, ¥5,716 million in buildings and structures, ¥22 million in tools, furniture and fixtures (included in “Other, net” under property, plant and equipment), ¥12,306 million in land, and ¥842 million in construction in progress (included in “Other, net” under property, plant and equipment) were transferred to real estate for sale and real estate for sale under development during the cumulative third quarter of the consolidated fiscal year. Some of these assets were sold during the cumulative third quarter, and ¥4,633 million of the ¥16,379 million transferred to real estate for sale was recognized as cost of sales.」
¥16,379 million in properties and other assets held for development and leasing was transferred to real estate for sale and related assets, of which ¥4,633 million was recognized as cost of sales. Following the ¥9,436 million transfer in FY2024-Q2, the conversion into resale inventory and the related sales progressed. - FY2024-Q2AdvancedAnnual report
「In addition, due to a change in the holding purpose for some properties from development and leasing to resale, ¥2,903 million in buildings and structures, ¥10 million in tools, furniture and fixtures (included in “Other, net” under property, plant and equipment), ¥6,428 million in land, and ¥576 million in construction in progress (included in “Other, net” under property, plant and equipment) were transferred to real estate for sale and real estate for sale under development during the cumulative second quarter of the consolidated fiscal year. Some of these assets were sold during the cumulative second quarter, and ¥4,622 million of the ¥9,436 million transferred to real estate for sale was recognized as cost of sales.」
¥9,436 million in properties and other assets held for development and leasing was transferred to real estate for sale and related assets, of which ¥4,622 million was recognized as cost of sales. Following the ¥5,072 million transfer in FY2024-Q1, the conversion into resale inventory and the related sales progressed. - FY2024-Q1AdvancedAnnual report
「In addition, due to a change in the holding purpose for some properties from development and leasing to resale, ¥2,766 million in buildings and structures, ¥10 million in tools, furniture and fixtures (included in “Other, net” under property, plant and equipment), ¥3,923 million in land, and ¥529 million in construction in progress (included in “Other, net” under property, plant and equipment) were transferred to real estate for sale and real estate for sale under development during the cumulative first quarter of the consolidated fiscal year.」
A total of ¥7,228 million in properties and other assets held for development and leasing was transferred to real estate for sale and real estate for sale under development. The concrete conversion into resale inventory also progressed during the quarter. - FY2023RestatedAnnual report
「With the establishment of a stable renewal business cycle as its basic policy, the company will make maximum use of the Group’s real estate network to secure appropriate inventory in order to address the growing demand for pre-owned properties in recent years.」
The company continues to address demand for pre-owned properties, secure appropriate inventory by leveraging the Group’s internal network, and establish a stable resale cycle. - FY2023-Q3AdvancedAnnual report
「In addition, due to a change in the holding purpose for some properties from development and leasing to resale, ¥4,629 million in buildings and structures, ¥32 million in tools, furniture and fixtures (included in “Other, net” under property, plant and equipment), ¥5,038 million in land, ¥2,222 million in construction in progress (included in “Other, net” under property, plant and equipment), and ¥0 million in software (included in “Other” under intangible assets) were transferred to real estate for sale and real estate for sale under development during the cumulative third quarter of the consolidated fiscal year. Some of these assets were sold during the cumulative third quarter, and ¥5,076 million of the ¥11,608 million transferred to real estate for sale was recognized as cost of sales.」
¥11,608 million in properties and other assets held for development and leasing was transferred to real estate for sale and related assets, of which ¥5,076 million was recognized as cost of sales. The conversion into resale inventory and the related sales progressed. - FY2023-Q1AdvancedAnnual report
「Due to a change in the holding purpose for some properties from development and leasing to resale, ¥2,807 million in buildings and structures, ¥32 million in tools, furniture and fixtures (included in “Other, net” under property, plant and equipment), and ¥2,232 million in land were transferred to real estate for sale during the cumulative first quarter of the consolidated fiscal year. Some of these assets were sold during the cumulative first quarter, and ¥9 million of the ¥5,072 million transferred to real estate for sale was recognized as cost of sales.」
¥5,072 million in properties held for development and leasing was transferred to real estate for sale, and some of it was sold. The conversion into resale inventory also progressed during the quarter. - FY2022AdvancedAnnual report
「In addition, due to a change in the holding purpose for some properties from development and leasing to resale, ¥4,181 million in buildings and structures, ¥31 million in tools, furniture and fixtures, ¥5,168 million in land, ¥1,117 million in construction in progress, and ¥0 million in software (included in “Other” under intangible assets) were transferred to real estate for sale and real estate for sale under development during the consolidated fiscal year. Some of these assets were sold during the consolidated fiscal year, and ¥8,800 million of the ¥10,500 million transferred to real estate for sale was recognized as cost of sales.」
¥10,500 million in assets held for development and leasing was transferred to real estate for sale and related assets, and some of it was sold. The conversion into resale inventory and the related sales progressed over the full year. - FY2022-Q2AdvancedAnnual report
「Due to a change in the holding purpose for some properties from development and leasing to resale, ¥3,923 million in buildings and structures, ¥4,146 million in land, ¥31 million in tools, furniture and fixtures (included in “Other, net” under property, plant and equipment), ¥1,112 million in construction in progress (included in “Other, net” under property, plant and equipment), and ¥0 million in software (included in “Other” under intangible assets) were transferred to real estate for sale and real estate for sale under development during the cumulative second quarter of the consolidated fiscal year.」
¥8,998 million in properties and other assets held for development and leasing was transferred to real estate for sale and real estate for sale under development, of which ¥4,485 million was recognized as cost of sales. Following FY2022-Q1, the conversion into resale inventory and the related sales progressed. - FY2022-Q1AdvancedAnnual report
「Due to a change in the holding purpose for some properties from development and leasing to resale, ¥1,289 million in buildings and structures, ¥2,052 million in land, ¥31 million in tools, furniture and fixtures (included in “Other, net” under property, plant and equipment), and ¥1,112 million in construction in progress were transferred to real estate for sale during the cumulative first quarter of the consolidated fiscal year. Some of these assets were sold during the cumulative first quarter, and ¥1 million of the ¥4,484 million transferred to real estate for sale was recognized as cost of sales.」
¥4,484 million in properties held for development and leasing was transferred to real estate for sale, and some of it was sold. The conversion into resale inventory also progressed during the quarter. - FY2021AdvancedAnnual report
「In the real estate sales business, revenue was ¥117,200 million, reflecting sales of 2,129 new-build condominiums, including the company's share of joint ventures, sales of income-producing real estate, and sales of new-build detached houses and pre-owned condominiums, among others.」
Revenue from the real estate sales business, including sales of pre-owned condominiums, was ¥117,200 million, of which ¥15,389 million was from sales of newly built detached houses and pre-owned condominiums. The company continued to address demand for pre-owned properties, with sales results demonstrating progress. - FY2021-Q3AdvancedAnnual report
「Due to a change in the holding purpose for some properties from development and leasing to resale, ¥3,216 million in buildings and structures, ¥6,218 million in land, and ¥2,980 million in construction in progress (included in “Other, net” under property, plant and equipment) were transferred to real estate for sale during the cumulative third quarter of the consolidated fiscal year. Some of these assets were sold during the cumulative third quarter, and ¥10,333 million of the ¥12,414 million transferred to real estate for sale was recognized as cost of sales.」
A total of ¥12,414 million in properties held for development and leasing was transferred to real estate for sale, of which ¥10,333 million was sold and recognized as cost of sales. Following FY2021-Q1 and Q2, the concrete conversion into resale inventory and the related sales progressed. - FY2021-Q2AdvancedAnnual report
「Due to a change in the holding purpose for some properties from development and leasing to resale, ¥2,380 million in buildings and structures, ¥5,604 million in land, and ¥2,980 million in construction in progress (included in “Other, net” under property, plant and equipment) were transferred to real estate for sale during the cumulative second quarter of the consolidated fiscal year.」
A total of ¥10,964 million in buildings and structures, land, and construction in progress held for development and leasing was transferred to real estate for sale held for resale. As in the previous quarter, the concrete conversion into resale inventory progressed. - FY2021-Q1AdvancedAnnual report
「Due to a change in the holding purpose for some properties from development and leasing to resale, ¥652 million in buildings and structures and ¥1,071 million in land were transferred to real estate for sale during the cumulative first quarter of the consolidated fiscal year.」
A total of ¥1,723 million in properties held for development and leasing was transferred to inventory for resale, representing a concrete conversion into resale inventory. - FY2020AdvancedAnnual report
「In the property renovation and resale business, the Group will make maximum use of its intra-group real estate network to secure an appropriate level of inventory in response to the increasing demand for existing properties in recent years. Revenue from sales of newly built detached homes and existing condominiums was ¥14,623 million.」
The Group continued its policy of responding to demand for existing properties and recorded revenue of ¥14,623 million for the fiscal year, including sales of existing condominiums. - FY2019First statedAnnual report
「The basic policy is to accurately capture growing demand for existing properties. To meet the increasing demand in recent years, the Group will make maximum use of its intra-group real estate network to secure an appropriate level of inventory.」
The Group identified inventory acquisition using its intra-group network as a specific measure in a new business area aimed at capturing demand for existing properties.