Komori
Wadakohsan (8931) · TargetIncrease in rental income, decline in profit

Stable Rental Income and Optimization of the Rental Portfolio

First written in FY2017-Q1. 19 of 41 entries say "Restated". Latest entry: FY2027-H1.

41entries
11years
3from disclosures
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How it moved
ProgressHeldSoftenedWorseRestatedFY2023-Q3 – 2026-10-022016: 220162017: 420172018: 420182019: 420192020: 320202021: 420212022: 420222023: 420232024: 420242025: 220252026: 62026
Same theme, other companies
Rental Business Expansion Through Corporate Sales, Property Acquisition and Occupancy Rate ImprovementsA theme 9 companies write about · 0 as a headwind · 9 as a tailwind

The whole theme swung hardest in 2020: 1 of 7 companies on the "Worse" side.

2 other companies' latest entry also says "Other".

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.
Full recordFilings, disclosures and news, newest first
  1. FY2027-H1Increase in rental income, decline in profitAnnual report

    「As a result, real estate rental revenue was ¥1,679 million, or 101.6% of the prior-year period, and segment profit (operating profit) was ¥445 million, or 77.6%.」

    Rental income increased to 101.6% of the prior-year period, while segment profit declined to 77.6%. The policy of securing stable income through higher occupancy, new property acquisitions and rental portfolio development remains unchanged.
  2. 2026-10-05Worsenedtopics.smt.docomo.ne.jp

    「不動産賃貸収入は売上高が同1.6%増の16.79億円、セグメント利益が同22.4%減の4.45億円となった。」

    中間期は賃貸収入が増加したものの、セグメント利益は前年同期を下回ったと報じられた。
  3. FY2026Higher Rental Income and ProfitAnnual report

    「As a result, real estate rental revenue for the fiscal year was ¥3,295 million, up 100.4% from the previous fiscal year, and segment profit was ¥1,045 million, or 101.1% of the previous fiscal year.」

    Real estate rental revenue was 100.4% of the previous fiscal year and segment profit was 101.1%, changing from the previous fiscal year's combination of higher revenue and lower profit to increases in both revenue and profit. Rental assets held totaled 107 properties and 2,218 units, with an occupancy rate of 97.93%.
  4. 2026-04-10RestatedEarnings

    「While working to improve occupancy rates, we sought to secure stable rental income, including through the acquisition of new properties, in order to build an optimal rental real-estate portfolio.」

    The company continues its policy of improving occupancy rates, building its portfolio and securing stable rental income through the acquisition of new properties.
  5. FY2026-H1Higher Rental Income and ProfitAnnual report

    「Real estate rental revenue was ¥1,652 million (100.3% of the prior-year period), and segment profit (operating profit) was ¥574 million (111.2% of the prior-year period).」

    Real estate rental revenue was 100.3% of the prior-year period and segment profit was 111.2%, changing from the previous period's combination of higher rental revenue and lower profit to increases in both revenue and profit.
  6. FY2025Increase in rental income, decline in profitAnnual report

    「As a result, real estate rental revenue for the fiscal year was ¥3,282 million, up 103.0% year on year, and segment profit was ¥1,033 million, or 92.5% of the previous fiscal year.」

    Real estate rental revenue increased to 103.0% of the previous fiscal year's level, while segment profit declined to 92.5%. As of the end of February 2025, rental assets held comprised 106 properties and 2,170 units, with an occupancy rate of 96.96%.
  7. FY2025-H1Increase in rental income, decline in profitAnnual report

    「In real estate rental income, residential properties, which are our mainstay, have maintained relatively stable rent levels. We sought to secure stable rental income by improving occupancy rates and reducing delinquency rates, while acquiring new properties to build an optimal rental real estate portfolio.」

    Rental income was ¥1,647 million, or 103.2% of the prior-year period, while segment profit was ¥516 million, or 92.0%. The policy of improving occupancy and delinquency rates, acquiring new properties and building the portfolio to secure stable income remains unchanged.
  8. FY2025-Q1RestatedAnnual report

    「In real estate rental income, residential properties, which are our mainstay, have maintained relatively stable rent levels. We sought to secure stable rental income by improving occupancy rates and reducing delinquency rates, while acquiring new properties to build an optimal rental real estate portfolio.」

    The company continues to secure stable rental income by improving occupancy and delinquency rates, acquiring new properties and building its portfolio, based on stable rent levels for residential properties.
  9. FY2024RestatedAnnual report

    「In its rental business, the company will work to improve the performance of its rental assets as a whole by raising occupancy rates, mainly at studio apartments, and by carrying out agile property replacements, with the aim of securing stable earnings.」

    The company cited improving the performance of its rental assets as a whole through higher occupancy and agile property replacements as measures to stabilise rental income.
  10. FY2024-Q3RestatedAnnual report

    「In its real estate rental revenue business, the company's core residential properties maintained relatively stable rent levels. At the same time, the company worked to improve occupancy and delinquency rates and sought to secure stable rental income by building an optimal rental property portfolio.」

    The company continues to secure stable income by improving occupancy and delinquency rates and optimising its rental portfolio, based on stable rent levels for residential properties. Real estate rental revenue was ¥2,395 million, and segment profit was ¥825 million.
  11. FY2024-Q2RestatedAnnual report

    「In real estate rental income, residential properties, which are our mainstay, have maintained relatively stable rent levels. We sought to secure stable rental income by improving occupancy rates and reducing delinquency rates, while acquiring new properties to build an optimal rental real estate portfolio.」

    The company continues to secure stable rental income by improving occupancy and delinquency rates, acquiring new properties and building its rental portfolio, based on stable rent levels for residential properties.
  12. FY2024-Q1RestatedAnnual report

    「In real estate rental income, residential properties, which are our mainstay, have maintained relatively stable rent levels. We sought to secure stable rental income by improving occupancy rates and reducing delinquency rates, while acquiring new properties to build an optimal rental real estate portfolio.」

    Based on stable rent levels for residential properties, the company continues to secure stable income through improved occupancy and delinquency rates, new property acquisitions and the development of a rental portfolio.
  13. FY2023Increase in rental assets held and occupancyAnnual report

    「The company primarily provides residential properties, including rental apartments, retail properties, offices and parking facilities, including monthly and hourly parking. Residential and retail properties form the core of its real estate rental revenue business, and as of 28 February 2023, the company held 98 properties comprising 2,003 units, with an occupancy rate of 97.90% as of the same date.」

    Rental assets held totaled 98 properties and 2,003 units, and the occupancy rate was 97.90%, representing increases in properties, units and occupancy from 96 properties, 1,942 units and 96.60%, respectively, in the previous fiscal year.
  14. FY2023-Q3RestatedAnnual report

    「In its real estate rental revenue business, the company's core residential properties maintained relatively stable rent levels. At the same time, the company worked to improve occupancy and delinquency rates and sought to secure stable rental income by building an optimal rental property portfolio.」

    The company continues to improve occupancy and delinquency rates, build its rental portfolio and secure stable rental income, based on stable rent levels for residential properties.
  15. FY2023-Q2AdvancedAnnual report

    「ヴィータ垂水平磯 (Tarumi-ku, Kobe) Real estate rental revenue Rental property 64,047 913 453 65,414 August 2022 9 units」

    Regarding the expansion of the rental portfolio, the ヴィータ垂水平磯 was completed in August 2022, with an actual total acquisition cost of ¥65.414 million and an increase of 9 units after completion.
  16. FY2023-Q1RestatedAnnual report

    「We sought to secure stable rental income by improving occupancy rates and reducing delinquency rates, while acquiring new properties to build an optimal rental real estate portfolio.」

    The company continues to pursue improvements in occupancy and delinquency rates, new property acquisitions and stable rental income through the development of its rental portfolio.
  17. FY2022Decrease in properties, units and occupancyAnnual report

    「The company primarily provides residential properties, including rental apartments, retail properties, offices and parking facilities, including monthly and hourly parking. Residential and retail properties form the core of its real estate rental revenue business, and as of 28 February 2022, the company held 96 properties comprising 1,942 units, with an occupancy rate of 96.60% as of the same date.」

    Rental assets decreased from 100 properties and 1,991 units in the previous fiscal year to 96 properties and 1,942 units, while the occupancy rate declined from 97.14% to 96.60%.
  18. FY2022-Q3AdvancedAnnual report

    「住吉東町2丁目PJ (Higashinada-ku, Kobe) Real estate rental revenue Rental property 328,000 86,297 Internal funds and borrowings 2021 November 2023 February 明石市相生町2丁目PJ (Akashi City) Real estate rental revenue Rental property 430,000 - Internal funds and borrowings 2021 November 2023 September」

    Regarding the expansion of the rental portfolio, the company added new development plans for the 住吉東町2丁目PJ and 明石市相生町2丁目PJ. The total planned investment is ¥758 million, and completion of both projects is scheduled for 2023, funded by internal funds and borrowings.
  19. FY2022-Q2AdvancedAnnual report

    「森北町4丁目PJ(Higashinada-ku, Kobe) Real estate rental revenue Rental property 480,934 23,191 6,605 510,731 June 2021 27 units」

    Regarding the expansion of the rental portfolio, the 森北町4丁目PJ planned from the previous fiscal year was completed in June 2021, with an actual total acquisition cost of ¥510.731 million and an increase of 27 units after completion.
  20. FY2022-Q1RestatedAnnual report

    「We sought to secure stable rental income by improving occupancy rates and reducing delinquency rates, while acquiring new properties to build an optimal rental real estate portfolio.」

    The company continues to improve occupancy and delinquency rates, acquire new properties and build its rental portfolio to secure stable income. Real estate rental revenue was ¥805 million, and segment profit was ¥307 million.
  21. FY2021Decrease in properties and units held, and increase in occupancyAnnual report

    「The company primarily provides residential properties, including rental apartments, retail properties, offices and parking facilities, including monthly and hourly parking. Residential and retail properties form the core of its real estate rental revenue business, and as of 28 February 2021, the company held 100 properties comprising 1,991 units, with an occupancy rate of 97.14% as of the same date.」

    Rental assets held decreased to 100 properties and 1,991 units from 104 properties and 1,998 units in the previous fiscal year. Meanwhile, the occupancy rate rose from 95.50% to 97.14%.
  22. FY2021-Q3RestatedAnnual report

    「In real estate rental income, residential properties, which are our mainstay, have maintained relatively stable rent levels. We sought to secure stable rental income by improving occupancy rates and reducing delinquency rates, while acquiring new properties to build an optimal rental real estate portfolio.」

    The company continues to secure stable income by improving occupancy and delinquency rates, acquiring new properties and building its rental portfolio, based on stable rent levels for residential properties. Real estate rental revenue was ¥2,347 million, and segment profit was ¥862 million.
  23. FY2021-Q2AdvancedAnnual report

    「森北町4丁目PJ (Higashinada-ku, Kobe) Real estate rental revenue Rental property 526,258 14,237 Internal funds 2020 July 2021 May」

    Regarding the expansion of the rental portfolio, the company added the 森北町4丁目PJ as a new development plan, with a total planned investment of ¥526.258 million, funded by internal funds, with construction scheduled to begin in July 2020 and be completed in May 2021.
  24. FY2021-Q1RestatedAnnual report

    「In real estate rental income, residential properties, which are our mainstay, have maintained relatively stable rent levels. We sought to secure stable rental income by improving occupancy rates and reducing delinquency rates, while acquiring new properties to build an optimal rental real estate portfolio.」

    The company continues to secure stable income by improving occupancy and delinquency rates, acquiring new properties and building its rental portfolio, based on stable rent levels. Real estate rental revenue was ¥771 million, and segment profit was ¥259 million.
  25. FY2020-Q3AdvancedAnnual report

    「熊内町4丁目PJ (Chuo-ku, Kobe) 2019 May 14 units 上沢通3丁目PJ (Hyogo-ku, Kobe) 2019 August 66 units 海岸通五丁目PJ (Chuo-ku, Kobe) 900,000 - Internal funds and borrowings 2019 December 2020 January」

    Regarding the expansion of the rental portfolio, the completion of the 熊内町4丁目PJ and 上沢通3丁目PJ was confirmed as achieved, and the newly planned 海岸通五丁目PJ was presented with a planned investment amount of ¥900 million, construction scheduled to begin in December 2019 and be completed in January 2020, funded by internal funds and borrowings.
  26. FY2020-Q2AdvancedAnnual report

    「Uesawadori 3-chome PJ (Hyogo Ward, Kobe) Real estate rental income Rental property 605,877 518,581 1,124,458 August 2019 66 units」

    The 上沢通3丁目PJ planned in the previous quarter was completed in August 2019, with an actual total acquisition cost of ¥1,124.458 million and an increase of 66 units after completion.
  27. FY2020-Q1AdvancedAnnual report

    「The facilities completed during the three months ended the first quarter among the major new facilities and other projects that were planned at the end of the previous fiscal year were as follows.」

    Regarding expansion of the rental portfolio, the Kumauchi-cho 4-chome PJ project was completed in May 2019, adding 14 units. A new construction plan was also presented for the Uesawadori 3-chome PJ project, with a total cost of ¥1,111 million, scheduled to start in July 2019 and be completed in August 2019.
  28. FY2019Increase in units held, decline in occupancy rateAnnual report

    「The company mainly provides residential properties, including rental condominiums, as well as retail stores, offices and parking facilities, including monthly and hourly parking. As of 28 February 2019, it held 104 buildings with 1,998 units in residential and retail properties, which form the core of its real estate rental income, with an occupancy rate of 95.50% as of the same date.」

    Rental assets held increased from 102 buildings and 1,953 units at the end of the previous fiscal year to 104 buildings and 1,998 units, while the occupancy rate declined from 96.31% to 95.50%.
  29. FY2019-Q3RestatedAnnual report

    「In real estate rental income, residential properties, which are our mainstay, have maintained relatively stable rent levels. We sought to secure stable rental income by improving occupancy rates and reducing delinquency rates, while acquiring new properties to build an optimal rental real estate portfolio.」

    Based on stable rent levels for residential properties, the company continues to secure stable income through improved occupancy and delinquency rates, new property acquisitions and the development of a rental portfolio.
  30. FY2019-Q2AdvancedAnnual report

    「The facilities completed during the six months ended the second quarter among the major new facilities and other projects that were planned at the end of the previous fiscal year were as follows.」

    Regarding expansion of the rental portfolio, the rental property "Motomachi-dori 4-chome PJ" was completed in August 2018. The total acquisition cost was ¥388.891 million, and 37 units were added upon completion.
  31. FY2019-Q1RestatedAnnual report

    「In real estate rental income, residential properties, which are our mainstay, have maintained relatively stable rent levels. We sought to secure stable rental income by improving occupancy rates and reducing delinquency rates, while acquiring new properties to build an optimal rental real estate portfolio.」

    Based on stable rent levels for residential properties, the company continues to secure stable income through improved occupancy and delinquency rates, new property acquisitions and the development of a rental portfolio.
  32. FY2018AdvancedAnnual report

    「We sought to secure stable rental income by improving occupancy rates and reducing delinquency rates, while acquiring new properties to build an optimal rental real estate portfolio.」

    While continuing its policy of securing stable rental income and optimizing its portfolio, the company held 102 buildings with 1,953 units as of 28 February 2018, with an occupancy rate of 96.31%.
  33. FY2018-Q3RestatedAnnual report

    「In real estate rental income, residential properties, which are our mainstay, have maintained relatively stable rent levels. We sought to secure stable rental income by improving occupancy rates and reducing delinquency rates, while acquiring new properties to build an optimal rental real estate portfolio.」

    Based on stable rent levels for residential properties, the company continues to pursue stable income through improved occupancy and delinquency rates, new property acquisitions and the development of a rental portfolio.
  34. FY2018-Q2AdvancedAnnual report

    「The facilities completed during the six months ended the second quarter among the major new facilities and other projects that were planned at the end of the previous fiscal year were as follows.」

    Regarding expansion of the rental portfolio, the rental property "Prandール Rokko" was completed in March 2017, adding 12 units. Plans were also presented for new construction of the "Wakore Vita Minatogawa Koen PJ" and "Ishiyagawa PJ" projects.
  35. FY2018-Q1RestatedAnnual report

    「In real estate rental income, residential properties, which are our mainstay, have maintained relatively stable rent levels. We sought to secure stable rental income by improving occupancy rates and reducing delinquency rates, while acquiring new properties to build an optimal rental real estate portfolio.」

    Based on stable rent levels for residential properties, the company continues to pursue stable income through improved occupancy and delinquency rates, new property acquisitions and the development of a rental portfolio.
  36. FY2017RestatedAnnual report

    「We sought to secure stable rental income by improving occupancy rates and reducing delinquency rates, while acquiring new properties to build an optimal rental real estate portfolio.」

    The company continues to secure stable rental income, improve occupancy and delinquency rates, acquire new properties and build its portfolio. At period-end, it owned 99 buildings with 1,912 units, with an occupancy rate of 96.34%.
  37. FY2017-Q3AdvancedAnnual report

    「During the nine months ended the third quarter, the facilities for which sales were newly finalized were as follows.」

    Regarding optimization of the rental real estate portfolio, the sale of the rental property "Heim Eiki" was newly finalized. Its book value at the quarter-end was ¥318.882 million, and the scheduled sale month was January 2017.
  38. FY2017-Q2RestatedAnnual report

    「In real estate rental income, residential properties, which are our mainstay, have maintained relatively stable rent levels. We sought to secure stable rental income by improving occupancy rates and reducing delinquency rates, while acquiring new properties to build an optimal rental real estate portfolio.」

    Based on stable rent levels for residential properties, the company continues to pursue stable rental income through higher occupancy rates, lower delinquency rates, new property acquisitions and portfolio development.
  39. FY2017-Q1First statedAnnual report

    「We sought to secure stable rental income by improving occupancy rates and reducing delinquency rates, while acquiring new properties to build an optimal rental real estate portfolio.」

    The company aims to secure stable rental income through higher occupancy rates, lower delinquency rates, new property acquisitions and the development of a rental real estate portfolio.
Moved together

"Guarantee obligations for bank borrowings by condominium purchasers" moved the same way as this thread, in the same document, in 9 of its 41 moves.

954443★123456
  1. ★This thread
  2. 1Guarantee obligations for bank borrowings by condominium purchasers9×
  3. 2Declining Revenue and Shift into the Red in Other Real Estate Sales5×
  4. 3Accumulation of condominium contracts scheduled for completion and handover in the next fiscal year and beyond4×
  5. 4Financing Costs for Syndicated Loans and Other Borrowings4×
  6. 5Recognition of Loss on Disposal of Property, Plant and Equipment4×
  7. 6Detached-home sales return to profitability3×

★ 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 Wadakohsan yet. It last moved in the Earnings of 2026-10-02: "Restated".
Stable Rental Income and Optimization of the Rental Portfolio | WADAKOHSAN CORPORATION (8931) | Komori