Strengthening the financial base through exit strategies for owned assets and early recovery
First written in FY2016-Q3. 14 of 42 entries say "Restated". Latest entry: 2026-09-14.
4 other companies' latest entry also says "Advanced".
- FY2026-H1New development investment and higher borrowings alongside an improved equity ratioAnnual report
「Inventories increased by ¥1,326 million due to acquisitions of new development land, investment properties under construction and other factors, while cash and deposits increased by ¥986 million. Liabilities increased by ¥1,459 million from the end of the previous fiscal year to ¥21,032 million, mainly because long-term borrowings, including the current portion, increased by ¥1,552 million to fund acquisitions of new development land and other assets, while income taxes payable decreased by ¥183 million. Net assets increased by ¥1,146 million to ¥10,673 million, and the equity ratio increased 0.9 percentage points to 33.7%.」
Investment in new development land and properties under construction increased inventories by ¥1,326 million, long-term borrowings by ¥1,552 million and liabilities by ¥1,459 million. However, the equity ratio improved 0.9 percentage points to 33.7% as net assets increased. - FY2025AdvancedAnnual report
「Liabilities decreased by ¥541 million from the end of the previous fiscal year to ¥19,572 million. The main changes were a ¥2,318 million decrease in long-term borrowings, a ¥677 million increase in the current portion of long-term borrowings and a ¥656 million increase in short-term borrowings, associated with funding for acquisitions of new development land and other assets. Net assets increased by ¥1,536 million to ¥9,526 million, and the equity ratio increased 4.3 percentage points to 32.7%.」
Repayment and other factors reduced liabilities by ¥541 million, net assets increased by ¥1,536 million, and the equity ratio improved from 28.4% to 32.7%, an increase of 4.3 percentage points. - FY2025-H1Inventories increased, but liabilities declined and the equity ratio improvedAnnual report
「Inventories increased by ¥1,323 million due to acquisitions of new development land, investment properties under construction and other factors, while cash and deposits decreased by ¥1,140 million. Liabilities decreased by ¥379 million from the end of the previous fiscal year to ¥19,734 million.」
Inventories increased through acquisitions of new development land and other assets, while liabilities decreased by ¥379 million, combining asset acquisitions and recovery with financial stabilization. - FY2024WorsenedAnnual report
「Inventories of properties under development for sale increased by ¥5,168 million and inventories of properties for sale by ¥227 million due to acquisitions of new development land, investment properties under construction and other factors. Liabilities increased by ¥4,639 million from the end of the previous fiscal year to ¥20,114 million.」
Investment in new development land and properties under construction continued, increasing inventories and liabilities through additional borrowing. The policy of stabilizing the financial base through exits and recovery coexisted with a higher burden from expanded investment. - FY2024-Q3New development investment continued, but the equity ratio improvedAnnual report
「Inventories increased by ¥1,284 million due to acquisitions of new development land, investment properties under construction and other factors. Liabilities increased by ¥1,542 million from the end of the previous fiscal year to ¥17,016 million, mainly because long-term borrowings, including the current portion, increased by ¥833 million and short-term borrowings increased by ¥393 million to fund acquisitions of new development land and other assets.」
Investment in new development land and properties under construction increased inventories and borrowings, while the equity ratio improved 0.9 percentage points from the end of the previous fiscal year to 32.1% as net assets increased. - FY2024-Q2New development investment continued, but the equity ratio improvedAnnual report
「Inventories increased by ¥1,040 million due to acquisitions of new development land, investment properties under construction and other factors. Liabilities increased by ¥723 million from the end of the previous fiscal year to ¥16,197 million, mainly because long-term borrowings, including the current portion, increased by ¥809 million to fund acquisitions of new development land and other assets.」
Investment in new development land and properties under construction increased inventories and long-term borrowings. However, the equity ratio improved 0.7 percentage points from the end of the previous fiscal year to 31.9% as net assets increased. - FY2024-Q1New development investment increased inventories and long-term borrowingsAnnual report
「Inventories increased by ¥1,481 million due to acquisitions of new development land, investment properties under construction and other factors. Liabilities increased by ¥870 million from the end of the previous fiscal year to ¥16,344 million, mainly because long-term borrowings, including the current portion, increased by ¥888 million to fund acquisitions of new development land and other assets.」
Alongside the policy of stabilizing the financial base through asset sales and recovery, investment in new development land and properties under construction increased inventories and long-term borrowings. - FY2023Borrowings and liabilities increased with development investmentAnnual report
「Liabilities increased by ¥7,016 million from the end of the previous fiscal year to ¥15,474 million. The main changes were increases of ¥4,862 million in long-term borrowings and ¥932 million in short-term borrowings to fund acquisitions of development land and other assets, as well as a ¥755 million increase in liabilities associated with the acquisition of Kyoei-gumi Co., Ltd.」
Alongside the policy of stabilizing the financial base through asset sales and recovery, borrowings and liabilities increased as a result of new development land acquisitions and Kyoei-gumi becoming a subsidiary. - FY2023-Q3Higher borrowings continued to reduce the equity ratioAnnual report
「Liabilities increased by ¥5,594 million from the end of the previous fiscal year to ¥14,051 million. This was mainly because long-term borrowings, including the current portion, increased by ¥2,905 million and short-term borrowings increased by ¥1,652 million to fund acquisitions of new development land and other assets.」
While the company continued pursuing recovery and repayment through property sales, long- and short-term borrowings increased to fund new development land acquisitions. Liabilities rose by ¥5,594 million, and the equity ratio declined 6.9 percentage points to 32.6%. - FY2023-Q2Inventories and borrowings surged, reducing the equity ratioAnnual report
「Inventories increased by ¥6,158 million due to acquisitions of new development land, investment properties under construction and other factors. Liabilities increased by ¥5,378 million from the end of the previous fiscal year to ¥13,836 million, mainly because short-term borrowings increased by ¥1,614 million and long-term borrowings, including the current portion, increased by ¥3,245 million to fund acquisitions of new development land and other assets and as a result of an increase in consolidated subsidiaries.」
Investment in new development land and properties under construction, together with the increase in consolidated subsidiaries, significantly increased inventories and liabilities, combining the policy of financial stabilization through exits and recovery with a higher burden from new investment. - FY2023-Q1Inventories and borrowings surged, reducing the equity ratioAnnual report
「Total assets increased by ¥4,177 million from the end of the previous fiscal year to ¥18,164 million. This was mainly due to a ¥4,127 million increase in inventories from acquisitions of new development land and investment properties under construction, as well as an increase in consolidated subsidiaries. Liabilities increased by ¥4,331 million to ¥12,789 million.」
Acquisitions of new development land and investment properties under construction increased inventories by ¥4,127 million, while liabilities, mainly borrowings, increased by ¥4,331 million. The policy of stabilizing the financial base through exits and recovery coexisted with a higher burden from new investment. - FY2022Higher inventories and borrowings increased financial burdenAnnual report
「Short-term loans receivable decreased by ¥724 million through collections, but inventories increased by ¥2,598 million as a result of acquisitions of new development land and other factors. Liabilities increased by ¥1,935 million from the end of the previous fiscal year to ¥8,457 million.」
Collections of short-term loans receivable progressed, while acquisitions of new development land increased inventories and liabilities, combining financial stabilization through exits and recovery with a higher burden from new investment. - FY2022-Q3Higher borrowing for development land increased financial burdenAnnual report
「Liabilities increased by ¥2,168 million from the end of the previous fiscal year to ¥8,690 million. This was mainly because long-term borrowings, including the current portion, increased by ¥1,898 million and short-term borrowings increased by ¥100 million to fund acquisitions of new development land and other assets.」
Although the company pursued financial stabilization through asset sales and early recovery, borrowing to acquire new development land increased liabilities. - FY2022-Q2Liabilities increased as borrowing for development land exceeded property-sale repaymentsAnnual report
「Cash flow from financing activities amounted to an inflow of ¥1,257 million. Although repayments of long-term borrowings associated with property sales and other transactions reduced cash flow by ¥582 million and dividend payments reduced it by ¥188 million, long-term borrowings increased by ¥1,783 million and short-term borrowings by ¥265 million to fund acquisitions of development land.」
The company continued repaying borrowings associated with property sales while significantly increasing long- and short-term borrowings to acquire development land, combining asset acquisitions with debt repayment. - FY2022-Q1Property-sale repayments combined with new long-term borrowingAnnual report
「Short-term borrowings decreased by ¥255 million through repayments associated with property sales and other transactions, but long-term borrowings increased by ¥330 million to fund acquisitions of new development land and other assets.」
Short-term borrowings were repaid following property sales, while long-term borrowings increased to fund new development land acquisitions, resulting in a ¥171 million increase in liabilities. - FY2021AdvancedAnnual report
「Liabilities decreased by ¥553 million from the end of the previous fiscal year to ¥6,522 million. The main changes were an increase of ¥772 million in long-term borrowings to fund acquisitions of development land and other assets, offset by a ¥1,109 million decrease in short-term borrowings through repayments associated with property sales and other transactions.」
Repayment of short-term borrowings following property sales reduced liabilities by ¥553 million. Long-term borrowings increased, reflecting the combination of asset acquisitions and repayments in stabilizing the financial base. - FY2021-Q3AdvancedAnnual report
「Liabilities decreased by ¥275 million from the end of the previous fiscal year to ¥6,799 million. Long-term borrowings, including the current portion, increased by ¥853 million to fund acquisitions of new development land and other assets, but short-term borrowings decreased by ¥1,004 million through repayments associated with property sales and other transactions.」
Repayments associated with property sales reduced short-term borrowings by ¥1,004 million, offsetting the increase in long-term borrowings and reducing total liabilities by ¥275 million. - FY2021-Q2AdvancedAnnual report
「Liabilities decreased by ¥468 million from the end of the previous fiscal year to ¥6,607 million. Although long-term borrowings, including the current portion, increased by ¥201 million to fund acquisitions of new development land and other assets, short-term borrowings decreased by ¥995 million through repayments associated with property sales and other transactions.」
Repayment following property sales reduced liabilities by ¥468 million, while the equity ratio increased 1.8 percentage points from the end of the previous fiscal year to 39.9%, indicating progress in stabilizing the financial base through asset exits and debt repayment. - FY2021-Q1AdvancedAnnual report
「Liabilities decreased by ¥743 million from the end of the previous fiscal year to ¥6,331 million. This was mainly because long-term borrowings, including the current portion, decreased by ¥324 million and short-term borrowings decreased by ¥429 million through repayments associated with property sales and other transactions.」
Repayment of borrowings following property sales reduced liabilities by ¥743 million, demonstrating progress in stabilizing the financial base through asset exits and early recovery. - FY2020Added financial strength and liquidity measures in response to the pandemicAnnual report
「To ensure stable business continuity, we will build a strong financial position and secure liquidity.」
In addition to stabilizing the financial base through exits and early recovery, the company explicitly stated that it would build financial strength and secure liquidity to continue operating during the COVID-19 pandemic. - FY2020-Q3RestatedAnnual report
「In this business environment, the Group is implementing what it considers the best exit strategies and sales plans for its existing assets, working to stabilize its financial base while maintaining profitability and pursuing early recovery, while actively advancing the acquisition, development and sale of income-producing properties and land for new businesses and other projects. During the third quarter, the Group completed delivery of MIJAS Shin-Otsuka in Bunkyo, Tokyo, MIJAS Shin-Koenji in Suginami, Tokyo and one other property, as well as EL FARO Akatsuka in Nerima, Tokyo and one other premium rental apartment property. It also completed delivery of four properties in the areas surrounding central Tokyo, including sales of other development land.」
The exit and early recovery strategy for owned assets and the policy of acquiring, developing and selling new land continued. Four deliveries were completed in the areas surrounding central Tokyo during the third quarter. - FY2020-Q2RestatedAnnual report
「In this business environment, the Group is implementing what it considers the best exit strategies and sales plans for its existing assets, working to stabilize its financial base while maintaining profitability and pursuing early recovery, while actively advancing the acquisition, development and sale of income-producing properties and land for new businesses and other projects,」
The policy of pursuing exit strategies and sales plans, maintaining profitability, recovering funds early and stabilizing the financial base, while acquiring, developing and selling income-producing properties and land, continued. Specific deliveries were recorded in the relevant property threads. - FY2020-Q1RestatedAnnual report
「In this business environment, the Group is implementing what it considers the best exit strategies and sales plans for its existing assets, working to stabilize its financial base while maintaining profitability and pursuing early recovery, while actively advancing the acquisition, development and sale of income-producing properties and land for new businesses and other projects. During the first nine months, the Group completed delivery of two properties, MIJAS Mitakadai in Musashino, Tokyo and MIJAS Nishikoyama in Meguro, Tokyo, as well as one premium rental apartment property, EL FARO Honjo-Azumabashi.」
The policy of stabilizing the financial base through exits and early recovery, together with acquiring, developing and selling new land, continued. - FY2019RestatedAnnual report
「We will focus on capital-efficient businesses in the real estate development market in which the Group has particular expertise, thereby achieving stable management and growth.」
The Group continues to pursue stable management and growth by focusing on real estate development businesses that emphasize capital efficiency. - FY2019-Q3RestatedAnnual report
「In this business environment, the Group is implementing what it considers the best exit strategies and sales plans for its existing assets, working to stabilize its financial base while maintaining profitability and pursuing early recovery, while actively advancing the acquisition, development and sale of income-producing properties and land for new businesses and other projects,」
The company reiterated its policy of pursuing exit strategies for existing assets, maintaining profitability, recovering funds early and stabilizing the financial base, while acquiring, developing and selling income-producing properties and land for new businesses. - FY2019-Q2RestatedAnnual report
「In this business environment, the Group is implementing what it considers the best exit strategies and sales plans for its existing assets, working to stabilize its financial base while maintaining profitability and pursuing early recovery, while actively advancing the acquisition, development and sale of income-producing properties and land for new businesses and other projects,」
The company reiterated its policy of pursuing exit strategies for existing assets, maintaining profitability, recovering funds early and stabilizing the financial base, while acquiring, developing and selling income-producing properties and land for new businesses. - FY2019-Q1RestatedAnnual report
「In this business environment, the Group is implementing what it considers the best exit strategies and sales plans for its existing assets, working to stabilize its financial base while maintaining profitability and pursuing early recovery, while actively advancing the acquisition, development and sale of income-producing properties and land for new businesses and other projects,」
The company reiterated its policy of pursuing exit strategies for existing assets, maintaining profitability, recovering funds early and stabilizing the financial base, while acquiring, developing and selling income-producing properties and land for new businesses. - FY2018-Q3RestatedAnnual report
「In this business environment, the Group is implementing what it considers the best exit strategies and sales plans for its existing assets, working to stabilize its financial base while maintaining profitability and pursuing early recovery, while actively advancing the acquisition, development and sale of income-producing properties and land for new businesses and other projects,」
The policy of pursuing exit strategies for existing assets, maintaining profitability, recovering funds early and stabilizing the financial base, while acquiring, developing and selling income-producing properties and land for new businesses, was reiterated. - FY2018-Q2RestatedAnnual report
「In this business environment, the Group is implementing what it considers the best exit strategies and sales plans for its existing assets, working to stabilize its financial base while maintaining profitability and pursuing early recovery, while actively advancing the acquisition, development and sale of income-producing properties and land for new businesses and other projects,」
The policy of pursuing exit strategies for existing assets, maintaining profitability, recovering funds early and stabilizing the financial base, while acquiring, developing and selling income-producing properties and land for new businesses, was reiterated. - FY2018-Q1RestatedAnnual report
「In this business environment, the Group is implementing what it considers the best exit strategies and sales plans for its existing assets, working to stabilize its financial base while maintaining profitability and pursuing early recovery, while actively advancing the acquisition, development and sale of income-producing properties and land for new businesses and other projects,」
The company reiterated its policy of pursuing exit strategies for existing assets, maintaining profitability, recovering funds early and stabilizing the financial base, while acquiring, developing and selling income-producing properties and land for new businesses. - FY2017-Q3RestatedAnnual report
「In this business environment, the Group is implementing what it considers the best exit strategies and sales plans for its existing assets, working to stabilize its financial base while maintaining profitability and pursuing early recovery, while actively advancing land acquisition and sales activities for new businesses and other projects,」
The policy of pursuing exit strategies and sales plans for existing assets, maintaining profitability, recovering funds early and stabilizing the financial base, while advancing land acquisition and sales activities for new businesses, was reiterated. - FY2017-Q2RestatedAnnual report
「In this business environment, the Group is implementing what it considers the best exit strategies and sales plans for its existing assets, working to stabilize its financial base while maintaining profitability and pursuing early recovery, while actively advancing land acquisition and sales activities for new businesses and other projects,」
In addition to the exit strategy and sales plan for existing owned assets, maintaining profitability, early recovery and stabilizing the financial base, the Group reiterated its policy of advancing the acquisition and sales activities for land for new businesses. - FY2017-Q1RestatedAnnual report
「In this business environment, the Group will implement what it considers to be the best exit strategies and sales plans for its existing owned assets, work to stabilize its financial base while maintaining profitability and pursuing early recovery, and」
The policy of pursuing exit strategies and sales plans for existing assets, maintaining profitability, recovering funds early and stabilizing the financial base was reiterated. - FY2016RestatedAnnual report
「In this business environment, the Group will implement what it considers to be the best exit strategies and sales plans for its existing owned assets, work to stabilize its financial base while maintaining profitability and pursuing early recovery, and」
The policy of pursuing exit strategies and sales plans for existing owned assets, maintaining profitability, recovering funds early and stabilizing the financial base was reiterated in the full-year report. The Group also stated that it would focus on businesses expected to recover funds within a short period. - FY2016-Q3First statedAnnual report
「In this business environment, the Group will implement what it considers to be the best exit strategies and sales plans for its existing owned assets, work to stabilize its financial base while maintaining profitability and pursuing early recovery, and」
The Group has stated a policy of maintaining profitability and stabilizing its financial base through the sale and recovery of existing owned assets, with exit strategies and sales plans identified as the means.