Renewal of existing real estate, utilization of idle land and improvement in occupancy rates
First written in FY2016. 12 of 27 entries say "Advanced", first in FY2017-Q1. Latest entry: FY2026.
0 other companies' latest entry also says "Advanced".
- FY2026AdvancedAnnual report
「In addition, we will seek to maximise asset value and create stable sources of income through the effective and intensive use of company-owned land under our CRE strategy.」
The policy for utilising existing real estate was implemented through the effective and intensive use of company-owned land under the CRE strategy and the creation of stable sources of income. - 2026-05-14AdvancedRevisions to earnings forecasts
「不動産賃貸業では、2024年12月にオープンした広島市佐伯区の「イオンタウン楽々園」の土地賃料を通期で計上したこと等により増収となりました。不動産販売業では、広島市南区の分譲マンション「ザ・広島フロント」の物件の引渡し等により、増収となりました。」
イオンタウン楽々園の土地賃料が通期寄与となり、ザ・広島フロントの引渡しも不動産販売収入に寄与した。 - FY2026-H1RestatedAnnual report
「Although revenue from the real estate sales business declined following the sale in April 2024 of part of the land interest in The Hiroshima Front, a condominium development in Minami-ku, Hiroshima, profit increased in the real estate business because rental income from the land at Aeon Town Rakurakuen in Saeki-ku, Hiroshima, which opened in December 2024, was recognised, among other factors.」
While sales revenue declined following the sale of the land interest in The Hiroshima Front, rental income from the land at Aeon Town Rakurakuen contributed to higher profit in the real estate leasing business. - FY2025AdvancedAnnual report
「Revenue increased in the real estate leasing business, mainly because rental income from the land at Aeon Town Rakurakuen in Saeki-ku, Hiroshima, which opened in December 2024, was recognised for the full year.」
Rental income from the land at Aeon Town Rakurakuen was recognised for a full year and contributed to earnings from the real estate leasing business. In addition, a land lease agreement for the site of the Maxvalu Rakurakuen store was signed in October 2024. - FY2025-H1AdvancedAnnual report
「In the real estate leasing business, revenue increased following the commencement in September 2023 of lease agreements covering part of the land at Family Town Hiroden Rakurakuen in Saeki-ku, Hiroshima.」
Lease agreements covering part of the land at Family Town Hiroden Rakurakuen commenced in September 2023, and the leasing of owned real estate contributed to earnings. - FY2024-Q1WorsenedAnnual report
「In the real estate business, revenue from the real estate leasing business declined due to the expiry of the lease agreement for the Daiki building at Family Town Hiroden Rakurakuen in Saeki-ku, Hiroshima, and the sale in May 2022 of the Group's ownership interest in the leased Hiroden Mitsui Sumitomo Insurance Building in Naka-ku, Hiroshima, to its co-owner. Revenue from the real estate sales business also declined, partly because there was little activity in the sale of residential land and condominiums.」
The expiry of lease agreements, the sale of the Group's ownership interest and sluggish condominium sales resulted in lower revenue in both the leasing and sales businesses. - FY2023-Q1AdvancedAnnual report
「In the real estate business, although the rental apartment Trancourt Itsukaichi Station, which combines employee dormitory and general rental housing, opened in March 2022, revenue from the real estate leasing business declined because the Group sold its ownership interest in the leased Hiroden Mitsui Sumitomo Insurance Building in Naka-ku, Hiroshima, to its co-owner in May 2022.」
While opening the rental apartment Trancourt Itsukaichi Station, the Group sold its ownership interest in Hiroden Mitsui Sumitomo Insurance Building and continued to replace and utilise its real estate holdings. - FY2022AdvancedAnnual report
「In the real estate business, we will promote the effective use of assets held by the Group and, in development projects, work with outside businesses and others with specialised expertise to create vibrant, appealing communities that attract people and contribute to the revitalisation of Hiroshima, thereby seeking sustainable growth for the Group's businesses centred on public transportation. We are currently constructing The Tower Residence Hiroshima Fujimicho, a condominium development in Naka-ku, Hiroshima, and have launched condominium development projects at the former site of Hotel New Hiroden, which ceased operations at the end of January 2021, and at the former employee dormitory site in Koi-Honmachi, Nishi-ku, Hiroshima.」
The effective use of assets held by the Group is being implemented through construction of The Tower Residence Hiroshima Fujimicho and condominium development projects at the former hotel and employee dormitory sites. - FY2022-Q3WorsenedAnnual report
「In the real estate business, revenue from the real estate leasing business declined due to the closure of Family Town Hiroden Rakurakuen and rent reductions for retail sites, among other factors.」
The closure of existing real estate and rent reductions for retail sites were reflected as factors behind the decline in real estate leasing revenue. - FY2022-Q2RestatedAnnual report
「In the real estate business, revenue from the real estate leasing business declined due to tenant withdrawals from Hiroshima Tramvale Building, among other factors.」
The decline in rental income due to tenant withdrawals from Hiroshima Tramvale Building and other factors continues to be reported. - FY2022-Q1WorsenedAnnual report
「In the real estate business, revenue from the real estate leasing business declined due to tenant withdrawals from Hiroshima Tramvale Building, among other factors.」
Tenant withdrawals from Hiroshima Tramvale Building and other factors resulted in lower revenue from the real estate leasing business. - FY2021WorsenedAnnual report
「In the real estate business, revenue from the real estate leasing business declined because rents were reduced in response to lower tenant earnings resulting from the spread of COVID-19.」
Rents were reduced in response to lower tenant earnings, resulting in lower revenue from the real estate leasing business. - FY2021-Q3RestatedAnnual report
「In the real estate leasing business, revenue declined due to rent reductions resulting from the spread of COVID-19, among other factors.」
The rent reductions resulting from the spread of COVID-19 and the resulting decline in real estate leasing revenue continue to be reported. - FY2021-Q2WorsenedAnnual report
「In the real estate leasing business, revenue declined due to the sale of part of the leased properties and rent reductions resulting from the spread of COVID-19, among other factors.」
The sale of part of the leased properties and rent reductions in response to the spread of COVID-19 resulted in lower revenue from the real estate leasing business. - FY2021-Q1WorsenedAnnual report
「In the real estate leasing business, revenue declined due to rent reductions for tenants in response to the spread of COVID-19, among other factors.」
Rent reductions for tenants in response to the spread of COVID-19 were reflected in lower revenue from the real estate leasing business. - FY2020AdvancedAnnual report
「At the site of the former Hiroden Kaikan, we developed KOI PLACE (Koipure) as a planned three-year interim facility, creating new activity in the Nishi-Hiroshima area with the aim of enhancing local value in anticipation of future community development around JR Nishi-Hiroshima Station.」
Developed the site of the former Hiroden Kaikan as KOI PLACE, a planned three-year interim facility, and implemented measures to enhance local value. - FY2020-Q1AdvancedAnnual report
「In the construction business, revenue increased because orders for private-sector construction, including construction of buildings for the group such as demolition of the former “Hiroden Kaikan” building and rebuilding of leased retail premises, as well as hospital parking-lot construction, increased.」
Demolition of the former Hiroden Kaikan building and rebuilding of leased retail premises were under way, and increased orders for related construction contributed to higher revenue in the construction business. - FY2019AdvancedAnnual report
「To establish a system under which the parent company centrally manages real estate owned within the group, with the aim of improving the effectiveness of the group’s real estate holdings going forward, the company purchased from its subsidiary Hotel New Hiroden Co., Ltd. a hotel building it owned, outside the original plan.」
The disclosure describes the parent company’s acquisition of the hotel building and efforts to establish a system for centrally managing group real estate under the parent company. Demolition of facilities around the former Hiroden Kaikan is also proceeding as a measure aimed at effective future use of the land. - FY2019-Q1MitigatedAnnual report
「In the real estate leasing business, revenue increased because the new “Startram Hiroshima” building was completed and generated additional rental income from tenants.」
The completion of the new building generated additional tenant rental income, creating a factor supporting improvement in the earnings base of existing real estate. - FY2018WorsenedAnnual report
「In the real estate leasing business, the new “Startram Hiroshima” building was completed, but rental income decreased because tenants vacated the Hiroshima Dentetsu No. 2 Tower Building in connection with its demolition.」
Although the new building was completed, lower rental income due to demolition of the No. 2 Tower Building and tenant departures has continued. - FY2018-Q3RestatedAnnual report
「In the real estate leasing business, rental income declined as tenants vacated the No. 2 Tower Building in connection with its demolition, resulting in lower revenue.」
Lower rental income associated with demolition of the No. 2 Tower Building and tenant departures has continued. - FY2018-Q1RestatedAnnual report
「In the real estate leasing business, rental income declined as tenants vacated the No. 2 Tower Building in connection with its demolition, resulting in lower revenue.」
Lower rental income associated with demolition of the No. 2 Tower Building and tenant departures has continued. - FY2017AdvancedAnnual report
「The Hiroshima Dentetsu No. 2 Tower Building, among the major facilities of the real estate business」
The company derecognized the Hiroshima Dentetsu No. 2 Tower Building, and lower rental income associated with demolition and tenant departures was reflected in real estate performance. - FY2017-Q3AdvancedAnnual report
「During the current third-quarter cumulative consolidated period, the company derecognized the Hiroshima Dentetsu No. 2 Tower Building, a major facility of the real estate business.」
Following the start of demolition and tenant departures at the Hiroshima Dentetsu No. 2 Tower Building, the company derecognized the major facility. - FY2017-Q2RestatedAnnual report
「In the real estate leasing business, revenue declined because rental income decreased as tenants vacated the Hiroshima Dentetsu No. 2 Tower Building, whose demolition had begun.」
The disclosure describes tenant departures and lower rental income associated with demolition of the Hiroshima Dentetsu No. 2 Tower Building, reflecting the impact of restructuring existing real estate. - FY2017-Q1AdvancedAnnual report
「During the current first-quarter cumulative consolidated period, the company derecognized the Hiroshima Dentetsu No. 2 Tower Building, a major facility of the real estate business.」
The company derecognized the Hiroshima Dentetsu No. 2 Tower Building as an existing real estate asset. - FY2016First statedAnnual report
「In addition to renewing aging buildings and making effective use of idle land, the company will respond flexibly to leasing terms and other conditions for existing properties, work to improve building occupancy rates, and systematically pursue sales of remaining residential lots in each existing development.」
The company has identified the renewal and utilization of existing assets and sales of remaining residential lots as measures for its real estate business.