Komori
Grandy House (8999) · FactAdvanced

Real estate leasing: lower revenue and profit

First written in FY2017-Q2. 21 of 36 entries say "Advanced", first in FY2018-Q1. Latest entry: 2026-11-12.

36entries
11years
4from disclosures
Share on X
How it moved
ProgressHeldSoftenedWorseAdvancedFY2023-Q1 – FY2025-H12016: 12017: 420172018: 320182019: 320192020: 420202021: 320212022: 420222023: 420232024: 220242025: 220252026: 62026
Same theme, other companies
Declining Revenue, Declining Profit and Operating Profit Fluctuations in Real Estate Leasing and OtherA theme 21 companies write about · 12 as a headwind · 2 as a tailwind

The whole theme swung hardest in 2026: 4 of 20 companies on the "Worse" side.

5 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 21 companies compared. The sentences above are computed from all 21.
Full recordFilings, disclosures and news, newest first
  1. 2026-11-12AdvancedResults

    「In the real estate rental business, occupancy remained firm in office and residential building rentals. Profit exceeded the level of the same period of the previous year due to contributions from properties acquired in the previous fiscal year and higher occupancy at existing properties, as well as lower renovation costs.」

    既存物件の稼働率向上、新規取得物件の寄与、改修費用減少により増収増益となった。
  2. FY2027-H1AdvancedAnnual report

    「As a result, revenue in the real estate leasing segment for the interim consolidated accounting period was ¥235 million, up 4.1% year on year, while segment profit was ¥137 million, up 10.3%.」

    Real estate leasing revenue increased 4.1% and segment profit rose 10.3%, resulting in stronger revenue and profit growth year on year.
  3. 2026-08-10AdvancedResults

    「不動産賃貸セグメントにおいて稼働率が引き続き堅調に推移し、安定的な収益を確保しました」

    不動産賃貸は安定稼働を背景に増収増益となった。
  4. FY2026AdvancedAnnual report

    「As a result, revenue in the real estate leasing segment for the consolidated fiscal year was ¥461 million, up 3.2% year on year, while segment profit was ¥248 million, up 4.4%.」

    Real estate leasing posted higher revenue and profit for the full year, supported by consistently solid occupancy rates and contributions from newly acquired assets.
  5. FY2026-H1AdvancedAnnual report

    「As a result, revenue in the real estate leasing segment for the interim consolidated accounting period was ¥226 million, up 1.1% year on year, while segment profit was ¥124 million, up 0.5%.」

    Real estate leasing posted revenue growth of 1.1% and profit growth of 0.5% year on year, changing from the previous period's slight revenue growth and slight profit decline to higher revenue and profit.
  6. FY2025Slight revenue growth and slight earnings declineAnnual report

    「As a result, revenue in the real estate leasing segment for the consolidated fiscal year was ¥447 million, up 0.7% year on year, while segment profit was ¥237 million, down 0.9%.」

    Real estate leasing shifted from its previous pattern of higher revenue and profit to slightly higher revenue and slightly lower segment profit.
  7. FY2025-H1AdvancedAnnual report

    「As a result, revenue in the real estate leasing segment for the interim consolidated accounting period was ¥224 million, up 1.2% year on year, while segment profit was ¥124 million, up 20.3%.」

    Real estate leasing posted higher revenue and profit, supported by high occupancy rates at existing properties and the opening of newly developed parking facilities.
  8. FY2024-Q3AdvancedAnnual report

    「As a result, revenue in the real estate leasing segment for the cumulative third quarter of the fiscal year was ¥331 million, up 48.3% year on year, while segment profit was ¥169 million, up 32.8%.」

    Real estate leasing revenue increased 48.3% and segment profit rose 32.8% for the cumulative third quarter, continuing the trend of higher revenue and profit.
  9. FY2024-Q2AdvancedAnnual report

    「As a result, for the first 2 quarters of the current fiscal year, real estate leasing segment revenue amounted to ¥221 million, up 50.9% year on year, and segment profit was ¥103 million, up 13.8%.」

    Real estate leasing generated higher revenue and profit for the first 2 quarters, with revenue up 50.9% and segment profit up 13.8%.
  10. FY2024-Q1AdvancedAnnual report

    「As a result, performance for the first quarter of the current fiscal year improved year on year, with revenue of ¥110 million, up 47.1%, and segment profit of ¥69 million, up 46.8%.」

    Real estate leasing generated higher revenue and profit, with revenue up 47.1% and segment profit up 46.8%.
  11. FY2023AdvancedAnnual report

    「Utilization rates at existing properties improved, and Sun Village Shonan, acquired by Chiba Grandy House in Kashiwa, Chiba Prefecture, began operations in the fourth quarter. At hourly parking lots, utilization rates, which had declined during the COVID-19 pandemic, improved substantially despite a decrease in the number of available parking spaces following the sale of some assets. As a result, real estate leasing segment revenue for the current fiscal year amounted to ¥333 million, up 18.1% year on year, and segment profit was ¥158 million, up 33.9%, with both exceeding the previous fiscal year's results.」

    Higher utilization rates at existing properties, the start of operations in the fourth quarter at the leased property in Kashiwa, and improved parking-lot utilization rates resulted in higher revenue and profit for the full fiscal year.
  12. FY2023-Q3AdvancedAnnual report

    「As a result, for the first 3 quarters of the current fiscal year, real estate leasing revenue amounted to ¥223 million, up 6.9% year on year, and segment profit was ¥128 million, up 36.3%.」

    Real estate leasing generated higher revenue and profit, with revenue up 6.9% and segment profit up 36.3%, due to the absorption of vacancies, the absence of repair plans, and recovery in parking-lot utilization rates, among other factors.
  13. FY2023-Q2AdvancedAnnual report

    「For the first 2 quarters of the current fiscal year, real estate leasing revenue amounted to ¥146 million, up 7.4% year on year, and segment profit was ¥90 million, up 42.8%.」

    Real estate leasing revenue increased 7.4% and profit increased 42.8% year on year, improving from higher revenue and lower profit in the previous fiscal year to higher revenue and profit.
  14. FY2023-Q1AdvancedAnnual report

    「Compared with the year-earlier period, there were no plans for major renovation work, among other factors, and properties acquired in the previous fiscal year contributed to performance. As a result, performance for the first quarter of the current fiscal year improved, with revenue of ¥75 million, up 10.3% year on year, and segment profit of ¥47 million, up 91.1%.」

    Real estate leasing generated higher revenue and profit because there were no plans for major renovation work and properties acquired in the previous fiscal year contributed to performance.
  15. FY2022WorsenedAnnual report

    「Revenue increased compared with the previous fiscal year because the company added leased assets and improved utilization rates of existing assets, but profit declined because management expenses increased as a result of advancing scheduled repairs, among other factors. For the current fiscal year, real estate leasing revenue amounted to ¥282 million, up 6.0% year on year, and segment profit was ¥118 million, down 23.1%.」

    Real estate leasing generated higher revenue, while segment profit declined 23.1% because scheduled repairs were brought forward, among other factors, confirming the pattern of higher revenue and lower profit for the full fiscal year.
  16. FY2022-Q3RestatedAnnual report

    「Revenue increased year on year as rent reductions for tenants during the COVID-19 pandemic decreased substantially and new leased assets were acquired, among other factors. Profit declined because regular renovation expenses for leased buildings increased, among other factors. For the first 3 quarters of the current fiscal year, real estate leasing revenue amounted to ¥209 million, up 5.0% year on year, and segment profit was ¥93 million, down 18.4%.」

    Real estate leasing generated higher revenue, while profit declined because of higher regular renovation expenses. The pattern of higher revenue and lower profit continued.
  17. FY2022-Q2Revenue Growth; Narrower Profit DeclineAnnual report

    「Revenue increased because the impact of rent reductions for tenants implemented in the previous fiscal year was smaller in the current fiscal year and new leased assets were added, among other factors. However, profit declined because renovation expenses were incurred for leased properties, among other factors. For the first 2 quarters of the current fiscal year, real estate leasing revenue amounted to ¥136 million, up 3.7% year on year, and segment profit was ¥63 million, down 20.1%.」

    Revenue increased because the impact of rent reductions diminished and new leased assets were added, but profit declined because of renovation expenses, among other factors. The year-on-year decline in profit narrowed from 36.3% in the first quarter to 20.1%.
  18. FY2022-Q1WorsenedAnnual report

    「Against this backdrop, the group worked to improve utilization rates of existing assets and reduce management costs, but because renovation expenses were incurred for leased properties, among other factors, real estate leasing revenue for the first quarter of the current fiscal year amounted to ¥68 million, up 6.1% year on year, and segment profit was ¥24 million, down 36.3%.」

    Real estate leasing generated higher revenue, while segment profit declined 36.3% year on year because of renovation expenses, among other factors, with the extent of profit deterioration widening.
  19. FY2021-Q3RestatedAnnual report

    「As a result, for the first 3 quarters of the current fiscal year, real estate leasing revenue amounted to ¥199 million, up 2.9% year on year, while segment profit was ¥115 million, down 9.9% because of higher repair expenses, among other factors.」

    Real estate leasing generated higher revenue, while segment profit declined 9.9% year on year because of higher repair expenses, among other factors.
  20. FY2021-Q2WorsenedAnnual report

    「As a result, for the first 2 quarters of the current fiscal year, real estate leasing revenue amounted to ¥131 million, up 1.7% year on year, while segment profit was ¥79 million, down 11.1% because of higher repair expenses, among other factors.」

    Real estate leasing revenue increased, while segment profit declined 11.1% year on year because of higher repair expenses, among other factors.
  21. FY2021-Q1WorsenedAnnual report

    「Although the group had more leased properties year on year, difficult conditions continued. For leased offices and other properties, it restrained deterioration in utilization rates by supporting tenants through rent reductions and other measures, while utilization rates at parking lots and other facilities declined as people refrained from going out. As a result, real estate leasing revenue for the first quarter of the current fiscal year amounted to ¥64 million, up 0.8% year on year, and segment profit was ¥39 million, down 5.3%.」

    The number of leased properties increased, but revenue rose only slightly because of rent reductions to support tenants and lower parking-lot utilization rates, while segment profit declined 5.3%.
  22. FY2020AdvancedAnnual report

    「In addition to improving utilization rates of existing assets and reducing management costs, a slight increase in leased assets contributed to real estate leasing revenue of ¥261 million for the current fiscal year, up 5.2% year on year, and segment profit of ¥172 million, up 13.8%.」

    Real estate leasing generated higher revenue and profit because of improved utilization rates, lower management costs, and an increase in leased assets.
  23. FY2020-Q3AdvancedAnnual report

    「In addition to improving utilization rates of existing assets and reducing management costs, a slight increase in leased assets contributed to real estate leasing revenue of ¥193 million for the first 3 quarters of the current fiscal year, up 2.9% year on year, and segment profit of ¥127 million, up 9.1%.」

    Both revenue and segment profit in real estate leasing exceeded the year-earlier levels, and higher revenue and profit continued.
  24. FY2020-Q2AdvancedAnnual report

    「Against this backdrop, the group worked to improve utilization rates of existing assets and reduce management costs. As a result, real estate leasing revenue for the first 2 quarters of the current fiscal year amounted to ¥129 million, up 2.0% year on year, and segment profit was ¥89 million, up 5.8%.」

    Both revenue and segment profit in real estate leasing increased year on year, improving from the previous quarter's revenue recovery and profit decline to higher revenue and profit.
  25. FY2020-Q1Revenue recovery, lower profitAnnual report

    「Against this backdrop, the group worked to improve utilization rates of existing assets and reduce management costs, but because renovation expenses were incurred for leased properties, among other factors, real estate leasing revenue for the first quarter of the current fiscal year amounted to ¥63 million, up 0.6% year on year, and segment profit was ¥41 million, down 4.1%.」

    Real estate leasing revenue turned to growth, increasing 0.6% year on year, while segment profit declined 4.1% because of renovation expenses for leased properties, among other factors.
  26. FY2019-Q3WorsenedAnnual report

    「Because the effects of the higher vacancy rate at the end of the third quarter of the previous fiscal year persisted, one hourly parking lot was sold, and renovation expenses were incurred for leased properties, among other factors, real estate leasing revenue for the first 3 quarters of the current fiscal year amounted to ¥188 million, down 5.1% year on year, and segment profit was ¥117 million, down 12.0%.」

    In addition to the impact of the higher vacancy rate, the sale of one hourly parking lot and renovation expenses for leased properties resulted in lower revenue and profit in real estate leasing.
  27. FY2019-Q2RestatedAnnual report

    「Because the effects of the higher vacancy rate at the end of last year persisted, among other factors, real estate leasing revenue for the first 2 quarters of the current fiscal year amounted to ¥127 million, down 3.9% year on year, and segment profit was ¥84 million, down 6.4%.」

    The effects of the higher vacancy rate at the end of last year persisted, resulting in lower revenue and profit in real estate leasing for the first half.
  28. FY2019-Q1WorsenedAnnual report

    「Because the effects of the higher vacancy rate at the end of last year persisted, among other factors, real estate leasing revenue for the first quarter of the current fiscal year amounted to ¥63 million, down 4.7% year on year, and segment profit was ¥42 million, down 5.4%.」

    Real estate leasing generated lower revenue and profit year on year, with revenue down 4.7% and segment profit down 5.4%. The company stated that the effects of the higher vacancy rate at the end of last year persisted.
  29. FY2018-Q3AdvancedAnnual report

    「As a result, for the first 3 quarters of the current fiscal year, real estate leasing revenue amounted to ¥198 million, up 2.8% year on year, and segment profit was ¥133 million, up 19.5%.」

    Real estate leasing generated higher revenue and profit for the first 3 quarters, with both revenue and segment profit exceeding the year-earlier levels.
  30. FY2018-Q2AdvancedAnnual report

    「As a result, for the first 2 quarters of the current fiscal year, real estate leasing revenue amounted to ¥132 million, up 2.5% year on year, and segment profit was ¥90 million, up 26.1%.」

    Real estate leasing generated higher revenue and profit in the first half, with both revenue and segment profit exceeding the year-earlier levels.
  31. FY2018-Q1AdvancedAnnual report

    「As a result, for the first quarter of the current fiscal year, real estate leasing revenue amounted to ¥66 million, up 3.6% year on year, and segment profit was ¥45 million, up 54.6%.」

    Real estate leasing generated higher revenue and profit year on year, improving from the previous trend of lower revenue and profit.
  32. FY2017RestatedAnnual report

    「Revenue declined 1.6% year on year to ¥258 million because of a decrease in managed assets. Segment profit declined 6.2% to ¥155 million because lower revenue and increased management expenses, including major renovation work on tenant buildings, affected earnings.」

    Real estate leasing generated lower revenue and profit for the full fiscal year because of a decline in managed assets and higher repair expenses.
  33. FY2017-Q3RestatedAnnual report

    「As a result, for the first 3 quarters of the current fiscal year, real estate leasing revenue amounted to ¥193 million, down 1.7% year on year, and segment profit was ¥111 million, down 13.7%.」

    Both revenue and segment profit in real estate leasing declined year on year, and the trend of lower revenue and profit continued.
  34. FY2017-Q2First statedAnnual report

    「Real estate leasing revenue amounted to ¥129 million, down 1.1% year on year, and segment profit was ¥71 million, down 17.3%.」

    Revenue and segment profit in the real estate leasing segment declined year on year.
Moved together

"Expansion of Sales Areas for New Homes and Strengthening of Land Inventory" moved the same way as this thread, in the same document, in 18 of its 36 moves.

181716151413★123456
  1. ★This thread
  2. 1Expansion of Sales Areas for New Homes and Strengthening of Land Inventory18×
  3. 2Sustainable Growth Through Strengthening the Core Business17×
  4. 3Improving Occupancy Rates for Existing Rental Assets and Low-Cost Operations16×
  5. 4Business Expansion Through Strengthening the Recurring-Revenue Business15×
  6. 5Proposal for housing products with enhanced energy-generation and energy-saving performance and security14×
  7. 6Expanding Sales of Building Materials Other Than Housing Equipment and Precut Materials13×

★ 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 Grandy House yet. It last moved in the Results of 2026-11-12: "Advanced".
News
No news is linked to this thread yet. When an article touches it, it will appear here by date.