Improving Occupancy Rates for Existing Rental Assets and Low-Cost Operations

「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.」

「オフィスビル及び居住用建物の稼働率が引き続き安定して推移するとともに、修繕費用などの物件管理費用が減少したことから、増収増益となりました。」

「In the real estate rental business, revenue and profit increased in office and residential building rentals because occupancy remained firm from the beginning of the period, despite the sale of some properties during the previous fiscal year.」

「In the parking business, although the sale of certain assets reduced revenue, revenue increased slightly from the previous fiscal year due to contributions from newly acquired parking facilities and higher utilization rates at existing properties.」

「Occupancy at existing properties also improved through equipment upgrades, and performance remained approximately at the level of the same period of the previous year.」

「In the parking business, a new hourly parking facility with 30 spaces began operations in Utsunomiya in August, while existing parking facilities maintained occupancy at approximately the level of the same period of the previous year.」

「In the real estate rental business, rental offices and other properties maintained high occupancy despite major repairs at some properties, and revenue increased as Sun Village Shonan, acquired in the fourth quarter of the previous fiscal year with all 173 units, contributed to performance. In the parking business, hourly parking occupancy increased as economic and social activity normalized, and performance exceeded the same period of the previous year as the 63 hourly parking spaces acquired in June of the current fiscal year began operating.」

「In the real estate rental business, rental offices maintained high occupancy, with vacancy rates generally below 5%, despite major repairs at some properties. Rental housing revenue increased as Sun Village Shonan, acquired in the fourth quarter of the previous fiscal year in Kashiwa, Chiba Prefecture, with all 173 units, contributed to performance. In the parking business, hourly parking occupancy continued to improve as economic and social activity normalized, and the 63 hourly parking spaces acquired in June near Koganei Station in Tochigi Prefecture began operating, keeping performance above the level of the same period of the previous year.」

「In the real estate rental business, rental offices maintained high occupancy, with vacancy rates generally below 5%. Rental housing revenue increased as Sun Village Shonan, acquired in Kashiwa, Chiba Prefecture, in the fourth quarter of the previous fiscal year, with all 173 units, contributed to performance. In the parking business, the acquisition in June of 63 hourly parking spaces near Koganei Station in Tochigi Prefecture brought the total number of hourly and monthly parking spaces at the end of the quarter to 585, an increase of 46 from the same period of the previous year,」

「At rental offices and other properties, vacancies were filled and there were no plans for major repairs or similar work compared with the same period of the previous year. At hourly parking facilities, occupancy around entertainment districts, where the recovery in use had lagged behind pre-pandemic levels, recovered, resulting in higher revenue and profit, although the number of available parking spaces declined following the sale of owned assets.」

「At rental offices and other properties, vacancies were filled and there were no plans for major repairs or similar work compared with the same period of the previous year. At hourly parking facilities, occupancy improved around entertainment districts where the recovery in use had lagged behind pre-pandemic levels, resulting in higher revenue and profit for the cumulative second quarter compared with the same period of the previous year,」

「Revenue increased from the previous fiscal year as a result of efforts to increase rental assets and improve occupancy of existing assets.」

「Against this backdrop, we worked to improve occupancy of existing assets and reduce management costs.」

「Against this backdrop, the Group continued to work to improve occupancy of existing assets and reduce management costs. Revenue increased because the impact of rent reductions for tenants implemented in the previous period was smaller in the current period and new rental assets increased, among other factors, but profit declined due to renovation costs for rental properties and other factors,」

「Against this backdrop, the Group continued to work to improve occupancy of existing assets and reduce management costs, but the costs of renovating rental properties, among other factors,」

「The Group had more rental properties than in the same period of the previous year, and support such as rent reductions at rental offices and other properties helped prevent deterioration in occupancy. Meanwhile, occupancy at parking facilities and other properties was gradually recovering from the decline associated with people refraining from going out, but difficult conditions continued.」

「Although the Group had more rental properties than in the same period of the previous year, support such as rent reductions at rental offices and other properties helped prevent deterioration in occupancy. Occupancy at parking facilities and other properties, which had declined as people refrained from going out, was gradually recovering, but difficult conditions continued.」

「At rental offices and other properties, support such as rent reductions helped prevent deterioration in occupancy, while occupancy at parking facilities and other properties declined as people refrained from going out, and difficult conditions continued.」

「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%.」

「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%.」

「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%.」

「Against this backdrop, the Group continued to work to improve occupancy of existing assets and reduce management costs, but」

「Against this backdrop, the Group continued to work to improve occupancy of existing assets and reduce management costs, but」

「Against this backdrop, the Group continued to work to improve occupancy of existing assets and reduce management costs, but the effects of the higher vacancy rate at the end of the previous year remained, among other factors,」

「Against this backdrop, the Group continued to work to improve occupancy of existing assets and reduce management costs, but the effects of the higher vacancy rate at the end of the previous year remained, among other factors,」

「Against this backdrop, the Group worked to improve occupancy of existing assets and reduce management costs. In addition to higher occupancy at rental buildings, operating 3 rental apartment buildings acquired in connection with land purchases for the real estate sales business as rental properties for the time being contributed to revenue. Management costs also fell substantially from the same period of the previous year, when major repair expenses were recorded, contributing to higher profit.」

「Against this backdrop, the Group worked to improve occupancy of existing assets and reduce management costs. During the quarter, in addition to higher occupancy at rental buildings, 3 rental apartment buildings acquired in connection with land purchases for the real estate sales business were operated as rental properties for the time being. On the expense side, management costs fell substantially from the same period of the previous year, when major repair expenses were recorded.」

「In the real estate rental business, we will improve occupancy of existing assets through measures such as flexible rent setting, while pursuing low-cost operations by reviewing asset management methods.」