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Meiho Enterprise (8927) · InitiativeRevenue declined, but segment profit surgedLatest Earnings presentation (2026-09-18): "Advanced"

Securing stable earnings through expansion of the property management business

First written in FY2016-Q3. 15 of 43 entries say "Advanced", first in FY2017-Q1. Latest entry: 2026-09-18.

43entries
11years
8from disclosures
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How it moved
ProgressHeldSoftenedWorseOtherFY2020-Q2 – FY2021WorsenedFY2022-Q1 – FY2023-Q2WorsenedFY2024-Q1 – FY20252016: 320162017: 320172018: 320182019: 420192020: 420202021: 420212022: 420222023: 420232024: 320242025: 220252026: 92026
Same theme, other companies
Expansion of outsourced real estate managementA theme 29 companies write about · 0 as a headwind · 34 as a tailwind

Meiho Enterprise moved to the "Worse" side of this theme in 2022.

20 other companies' latest entry also says "Advanced".

Ridges = years it wrote progress, valleys = years it wrote worse. Most hopeful companies at the back. Drag to turn, scroll to zoom, right-drag to pan. On a phone, two fingers turn and pinch to zoom; one finger scrolls the page.
Showing 14 of the 29 companies compared. The sentences above are computed from all 29.
Full recordFilings, disclosures and news, newest first
  2. FY2026-H1Revenue declined, but segment profit surgedAnnual report

    「In the real estate leasing business, revenue, mainly from property management fees, was ¥780 million, down 4.5% year on year, while segment profit was ¥20 million, up 671.6%.」

    In the leasing business, which is primarily supported by property management fees and other income, net sales decreased 4.5%, while segment profit increased 671.6% year on year to ¥20 million.
  3. FY2025WorsenedAnnual report

    「In the real estate leasing business, net sales were ¥1,631 million, down 17.9% from the previous consolidated fiscal year, and segment profit was ¥1 million, down 96.2%, mainly due to property management fees and other income generated by the management business of the Group's real estate management company.」

    The leasing management business continued to be primarily supported by property management fees and other income, while net sales decreased 17.9% and segment profit decreased 96.2% to ¥1 million.
  4. FY2025-H1WorsenedAnnual report

    「In the real estate leasing business, net sales were ¥816 million, down 18.3% year on year, and segment profit was ¥2 million, down 85.8%, mainly due to property management fees and other income.」

    In the leasing business, which is primarily supported by property management fees and other income, both net sales and segment profit were below the previous year's level, with segment profit down 85.8%.
  5. FY2024WorsenedAnnual report

    「In the real estate leasing business, net sales were ¥1,986 million, down 4.6% from the previous consolidated fiscal year, and segment profit was ¥49 million, down 72.3%, mainly due to property management fees and other income generated by the management business of the Group's real estate management company.」

    In the leasing business, which is primarily supported by property management fees and other income, net sales decreased and segment profit fell 72.3%.
  6. FY2024-Q3WorsenedAnnual report

    「In the real estate leasing business, net sales were ¥1,515 million, down 4.3% year on year, and segment profit was ¥50 million, down 73.4%, mainly due to property management fees and other income.」

    In the leasing business, which is primarily supported by property management fees and other income, net sales decreased and segment profit fell 73.4% year on year.
  7. FY2024-Q2WorsenedAnnual report

    「In the real estate leasing business, net sales were ¥999 million, down 1.9% year on year, and segment profit was ¥18 million, down 79.9%, mainly due to property management fees and other income.」

    The leasing management business continued to be primarily supported by property management fees and other income, while net sales decreased 1.9% and segment profit decreased 79.9%.
  8. FY2024-Q1WorsenedAnnual report

    「In the real estate leasing business, net sales were ¥513 million, up 0.9% year on year, and segment profit was ¥20 million, down 47.7%, mainly due to property management fees and other income.」

    In the leasing business, which is primarily supported by property management fees and other income, net sales edged up, while segment profit decreased 47.7%.
  9. FY2023Higher sales but lower segment profitAnnual report

    「In the real estate leasing business, net sales were ¥2,081 million, up 2.2% from the previous consolidated fiscal year, and segment profit was ¥179 million, down 18.5%, mainly due to property management fees and other income generated by the management business of the Group's real estate management company.」

    Net sales increased, supported by property management fees and other income, while segment profit decreased 18.5%.
  10. FY2023-Q3Higher sales and modest profit growthAnnual report

    「In the real estate leasing business, net sales were ¥1,583 million, up 3.3% year on year, and segment profit was ¥187 million, up 0.6%, mainly due to property management fees and other income.」

    In the leasing business, which is primarily supported by property management fees and other income, both net sales and segment profit exceeded the previous year's level, and profit turned to modest growth after declining through the previous quarter.
  11. FY2023-Q2WorsenedAnnual report

    「In the real estate leasing business, net sales were ¥1,019 million, up 2.2% year on year, and segment profit was ¥91 million, down 21.0%, mainly due to property management fees and other income.」

    The leasing management business recorded higher net sales due to property management fees and other income, while segment profit decreased 21.0% year on year.
  12. FY2023-Q1WorsenedAnnual report

    「In the real estate leasing business, net sales were ¥509 million, up 1.5% year on year, and segment profit was ¥39 million, down 35.5%, mainly due to property management fees and other income.」

    In the leasing business, which is primarily supported by property management fees and other income, net sales increased, but segment profit decreased 35.5%.
  13. FY2022WorsenedAnnual report

    「In the real estate leasing business, net sales were ¥2,036 million, down 3.8% from the previous consolidated fiscal year, and segment profit was ¥219 million, down 34.9%, mainly due to property management fees and other income generated by the management business of the Group's real estate management company.」

    In the leasing management business, which is primarily supported by property management fees and other income, both net sales and segment profit decreased, with segment profit down 34.9%.
  14. FY2022-Q3WorsenedAnnual report

    「In the real estate leasing business, net sales were ¥1,533 million, down 4.9% year on year, and segment profit was ¥186 million, down 36.2%, mainly due to property management fees and other income.」

    In the leasing business, which is primarily supported by property management fees and other income, both net sales and segment profit decreased year on year.
  15. FY2022-Q2WorsenedAnnual report

    「In the real estate leasing business, net sales were ¥997 million, down 4.9% year on year, and segment profit was ¥115 million, down 35.9%, mainly due to property management fees and other income.」

    The leasing management business continued to be primarily supported by property management fees and other income, while both net sales and segment profit decreased year on year.
  16. FY2022-Q1WorsenedAnnual report

    「In the real estate leasing business, net sales were ¥501 million, down 4.9% year on year, and segment profit was ¥60 million, down 34.5%, mainly due to property management fees and other income.」

    The leasing management business continued to be primarily supported by property management fees and other income, while both net sales and segment profit decreased year on year.
  17. FY2021Lower sales but higher profitAnnual report

    「In the real estate leasing business, net sales were ¥2,117 million, down 1.2% from the previous consolidated fiscal year, and segment profit was ¥337 million, up 1.9%, mainly due to property management fees and other income generated by the management business of the Group's real estate management company.」

    In the leasing business, which is primarily supported by property management fees and other income, net sales decreased 1.2%, while segment profit increased 1.9%.
  18. FY2021-Q3Flat sales but higher profitAnnual report

    「In the real estate leasing business, net sales were ¥1,612 million, up 0.0% year on year, and segment profit was ¥292 million, up 13.7%, mainly due to property management fees and other income.」

    In the leasing business, which is primarily supported by property management fees and other income, net sales were roughly unchanged year on year, while segment profit increased 13.7%.
  19. FY2021-Q2Lower sales but higher segment profitAnnual report

    「In the real estate leasing business, net sales were ¥1,048 million, down 0.5% year on year, and segment profit was ¥179 million, up 17.8%, mainly due to property management fees and other income.」

    In the leasing business, which is primarily supported by property management fees and other income, net sales edged down, while segment profit increased 17.8%.
  20. FY2021-Q1Lower sales but higher segment profitAnnual report

    「In the real estate leasing business, net sales were ¥527 million, down 2.6% year on year, and segment profit was ¥92 million, up 13.8%, mainly due to property management fees and other income.」

    In the leasing business, which is primarily supported by property management fees and other income, net sales decreased 2.6%, while segment profit increased 13.8%.
  21. FY2020Lower sales but higher profitAnnual report

    「In the real estate leasing business, the number of properties under management increased steadily in the management business operated by the Group's real estate management company, and net sales were ¥2,143 million, down 4.1% from the previous consolidated fiscal year, while segment profit was ¥331 million, up 43.0%, mainly due to property management fees and other income.」

    Profit in the leasing management business increased against the backdrop of an increase in the number of properties under management, but net sales decreased 4.1%. The disclosure also mentions seminars for existing owners and maintaining high occupancy rates by improving the quality of management services.
  22. FY2020-Q3Lower sales but higher profitAnnual report

    「In the real estate leasing business, net sales were ¥1,611 million, down 4.1% year on year, and segment profit was ¥257 million, up 48.1%, mainly due to property management fees and other income.」

    In the leasing business, which is primarily supported by property management fees and other income, net sales decreased 4.1%, while segment profit increased 48.1%.
  23. FY2020-Q2Lower sales but higher profitAnnual report

    「In the real estate leasing business, net sales were ¥1,053 million, down 3.6% year on year, and segment profit was ¥152 million, up 61.5%, mainly due to property management fees and other income.」

    In the leasing business, which is primarily supported by property management fees and other income, net sales decreased 3.6% year on year, while segment profit increased 61.5%.
  24. FY2020-Q1AdvancedAnnual report

    「In the real estate leasing business, net sales were ¥542 million, down 1.0% year on year, and segment profit was ¥81 million, up 102.7%, mainly due to property management fees and other income.」

    In the leasing business, which is primarily supported by property management fees and other income, net sales edged down, while segment profit increased 102.7% year on year.
  25. FY2019AdvancedAnnual report

    「In the real estate leasing business, the number of properties under management increased steadily in the management business operated by the Group's real estate management company, and net sales were ¥2,234 million, up 9.1% from the previous consolidated fiscal year, while segment profit was ¥231 million, up 4.1%, mainly due to property management fees and other income.」

    Against the backdrop of an increase in the number of properties under management, both net sales and segment profit increased in the leasing business.
  26. FY2019-Q3Higher Revenue but Lower ProfitAnnual report

    「In the real estate leasing business, net sales were ¥1,679 million, up 11.9% year on year, and segment profit was ¥173 million, down 1.6%, mainly due to property management fees and other income.」

    Revenue increased on property management fees and other income, while segment profit declined year on year.
  27. FY2019-Q2Higher Revenue but Lower ProfitAnnual report

    「In the real estate rental business, revenue was ¥1.092 billion, up 13.6% year on year, due to property management fees and other income, while segment profit was ¥94 million, down 6.9%.」

    Revenue increased on property management fees and other income, while segment profit declined year on year.
  28. FY2019-Q1AdvancedAnnual report

    「In the real estate rental business, revenue was ¥547 million, up 13.8% year on year, due to property management fees and other income, and segment profit was ¥40 million, up 6.5%.」

    Property management fees and other income drove year-on-year increases in rental business revenue and segment profit.
  29. FY2018-Q3AdvancedAnnual report

    「In the real estate rental business, revenue was ¥1.5 billion, up 1.4% year on year, due to property management fees and other income, while segment profit was ¥176 million, up 43.6%.」

    Property management fees and other income drove year-on-year increases in rental business revenue and segment profit, advancing profit improvement.
  30. FY2018-Q2AdvancedAnnual report

    「In the real estate rental business, revenue was ¥962 million, up 2.0% year on year, due to property management fees and other income, while segment profit was ¥101 million, up 42.1%.」

    Revenue and segment profit in the rental management business increased year on year, driven by property management fees and other income, indicating an improvement in profitability.
  31. FY2018-Q1Revenue increased, but profit declinedAnnual report

    「In the real estate rental business, revenue was ¥481 million, up 4.9% year on year, due to property management fees and other income, while segment profit was ¥37 million, down 4.9%.」

    Revenue in the rental business increased on property management fees and other income, while segment profit declined year on year.
  32. FY2017-Q3AdvancedAnnual report

    「In the real estate rental business, revenue was ¥1.479 billion, up 22.0% year on year, and segment profit was ¥123 million, up 29.5%, due to property management fees and other income from House Saison Enterprise Co., Ltd., which became a consolidated subsidiary in the previous consolidated fiscal year.」

    Property management fees and other income from House Saison Enterprise drove year-on-year increases in revenue and segment profit in the rental business.
  33. FY2017-Q2AdvancedAnnual report

    「For the purpose of strengthening the Group's management structure and improving the efficiency of consolidated management, we acquired shares in the consolidated subsidiary House Saison Enterprise Co., Ltd. and made it a wholly owned subsidiary. In the real estate rental business, revenue was ¥943 million, up 25.5% year on year, and segment profit was ¥71 million, up 68.2%, due to property management fees and other income from House Saison Enterprise Co., Ltd., which became a consolidated subsidiary in the previous consolidated fiscal year.」

    House Saison Enterprise became a wholly owned subsidiary on 1 December 2016, and both revenue and segment profit in the rental business increased year on year.
  34. FY2017-Q1AdvancedAnnual report

    「To secure stable revenue, in the previous consolidated fiscal year we acquired shares in House Saison Enterprise Co., Ltd., which operates a rental management business based in the Kansai region, and made it a consolidated subsidiary. We expect a substantial increase in the number of properties managed by the Group as a whole and in management fees, and aim to generate synergies by expanding the stable rental management business.」

    For the rental management business made a subsidiary, revenue including property management fees and other income was ¥458 million and segment profit was ¥39 million, up 30.1% and 30.2%, respectively, from the same quarter of the previous year.
  35. FY2016Revenue growth accompanied by lower profitAnnual report

    「In the real estate leasing business, revenue was ¥1,654 million, up 23.1% year on year, primarily from property management fees and related income, while segment profit was ¥66 million, down 46.4%.」

    Although the expansion strategy for the property management business continues, full-year revenue increased while segment profit declined.
  36. FY2016-Q3First statedAnnual report

    「To secure stable revenue, in October 2015 we acquired shares in House Saison Enterprise Co., Ltd., which operates a rental management business based in the Kansai region, and made it a consolidated subsidiary. We expect a substantial increase in the number of properties managed by the Group as a whole and in management fees, and aim to generate synergies by expanding the stable rental management business.」

    By making the company a subsidiary in October 2015, the company expects an increase in the number of properties under management and management fees, as well as expansion of the rental management business.
Moved together

"Revenue and profit growth, with improved profitability" moved the same way as this thread, in the same document, in 13 of its 43 moves.

131010977★123456
  1. ★This thread
  2. 1Revenue and profit growth, with improved profitability13×
  3. 2Expansion of Construction Contracting and Renovation Services10×
  4. 3Increase in Borrowings and Decline in Equity Ratio Following Development Site Acquisition10×
  5. 4Expanding apartment development through the new MIJAS brand9×
  6. 5Increasing asset value and reselling renovated used condominiums7×
  7. 6Revenue and profit growth in the real estate brokerage business7×

★ is this thread; numbers match the list above. The number on a line is how many documents both moved the same way in; lines between the other threads count the documents they moved together in too. Threads that move together often sit closer.

When this could move next
No upcoming earnings preview for Meiho Enterprise yet. It last moved in the Earnings presentation of 2026-09-18: "Advanced".
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Securing stable earnings through expansion of the property management business | MEIHO ENTERPRISE CO.,LTD. (8927) | Komori