Decline in Real Estate Business Profit Due to Valuation Loss on Real Estate Held for Sale
First written in FY2017-Q3. 1 of 30 entries say "Cited as achieved", first in 2026-04-30. Latest entry: FY2026.
The whole theme swung hardest in 2018: 11 of 38 companies on the "Worse" side.
- FY2026Updated full-year revenue and profit growth in the real estate businessAnnual report
「Operating revenue in the real estate business was ¥53,285 million, up 8.6% year on year, and operating profit was ¥14,347 million, up 16.0%.」
The real estate business reported higher revenue and profit for the full year, driven by the completion of logistics facilities, property acquisitions, condominium sales and other factors. - 2026-04-30Cited as achievedEarnings presentation materials
「Number of condominium units sold: fiscal 2025, 331 units; fiscal 2024, 119 units」
The increase in condominium sales contributed to revenue and profit growth in the real estate sales business in fiscal 2025. - FY2026-H1First-half real estate business lower revenue and profit updateAnnual report
「In the real estate leasing business, hotel properties reported higher revenue due to the effects of the Osaka-Kansai Expo and stronger inbound demand. However, as condominium sales in the real estate sales business are concentrated in the second half of the current fiscal year, operating revenue was ¥20,868 million, down 1.2% year on year, and operating profit was ¥6,537 million, down 1.0%.」
Hotel properties reported higher revenue due to the Osaka-Kansai Expo and inbound demand, while the real estate business overall reported a 1.2% decline in revenue and a 1.0% decline in operating profit due to the concentration of condominium sales in the second half. - FY2025-H1First-half results update (lower revenue and profit in the real estate business)Annual report
「In the real estate sales business, operating revenue was ¥21,130 million, down 16.2% year on year, and operating profit was ¥6,602 million, down 6.6%, mainly due to decreased condominium sales and other factors.」
Due to decreased condominium sales and other factors, the real estate business reported a 16.2% decline in operating revenue and a 6.6% decline in operating profit for the first half. - FY2024Full-year results update (higher revenue and profit due to REIT and condominium sales)Annual report
「Operating revenue in the real estate business was ¥53,140 million, up 19.1% year on year, and operating profit was ¥14,720 million, up 17.1%.」
Driven by increased sales of properties to REIT investment corporations and increased condominium sales, among other factors, the real estate business reported higher revenue and profit for the full year. - FY2024-Q3Third-quarter results update (higher revenue and profit due to REIT and condominium sales)Annual report
「In the real estate sales business, operating revenue was ¥42,914 million, up 31.8% year on year, and operating profit was ¥12,691 million, up 29.0%, mainly due to increased sales of properties to REIT investment corporations and increased condominium sales.」
Driven by increased sales of properties to REIT investment corporations and increased condominium sales, the real estate business reported 31.8% growth in operating revenue and 29.0% growth in operating profit. - FY2024-Q2First-half results update (higher revenue and profit in the real estate business)Annual report
「In the real estate sales business, operating revenue was ¥25,218 million, up 10.6% year on year, and operating profit was ¥7,072 million, up 6.2%, mainly due to increased condominium sales and other factors.」
Driven by increased condominium sales and other factors, the real estate business reported 10.6% growth in operating revenue and 6.2% growth in operating profit for the first half. - FY2024-Q1First-quarter results update (lower revenue and profit in the real estate business)Annual report
「In the real estate sales business, operating revenue was ¥9,571 million, down 5.3% year on year, and operating profit was ¥3,160 million, down 0.6%, mainly due to decreased condominium sales and other factors.」
Due to decreased condominium sales and other factors, the real estate business reported a 5.3% decline in operating revenue and a 0.6% decline in operating profit in the first quarter. - FY2023Full-year results update (lower revenue and broadly flat profit in the real estate business)Annual report
「Operating revenue in the real estate business was ¥44,627 million, down 2.1% year on year, and operating profit was ¥12,570 million, down 0.1%, mainly due to decreased condominium sales in the real estate sales business and other factors.」
The real estate business reported lower revenue due to decreased condominium sales and other factors, while operating profit also declined 0.1% year on year. - FY2023-Q3Third-quarter results update (lower revenue and broadly flat profit in the real estate business)Annual report
「② Real estate business In the real estate business, operating revenue was ¥32,568 million, down 0.8% year on year, and operating profit was ¥9,837 million, down 0.0%, mainly due to decreased condominium sales in the real estate sales business and other factors.」
Due to decreased condominium sales and other factors, operating revenue in the real estate business declined 0.8% for the cumulative third quarter, while operating profit declined 0.0% year on year. - FY2023-Q2First-half results update (higher revenue and profit in the real estate business)Annual report
「In the real estate sales business, operating revenue was ¥22,794 million, up 22.2% year on year, and operating profit was ¥6,657 million, up 12.3%, mainly due to increased condominium sales and other factors.」
Driven by increased condominium sales and other factors, the real estate business reported 22.2% growth in operating revenue and 12.3% growth in operating profit for the first half. - FY2023-Q1First-quarter results update (higher revenue and profit in the real estate business)Annual report
「In the real estate sales business, operating revenue was ¥10,111 million, up 10.8% year on year, and operating profit was ¥3,179 million, up 6.5%, mainly due to increased condominium sales and other factors.」
Driven by increased condominium sales and other factors, the real estate business reported 10.8% growth in operating revenue and 6.5% growth in operating profit in the first quarter. - FY2022Full-year results update (higher revenue and lower profit in the real estate business)Annual report
「Operating revenue in the real estate business was ¥45,598 million, compared with ¥41,777 million in the previous fiscal year, partly due to increased sales of commercial properties in the real estate sales business. However, operating profit was ¥12,577 million, compared with ¥12,878 million in the previous fiscal year, due to lower revenue from existing properties in the real estate leasing business and other factors.」
The real estate business reported higher revenue due to sales of commercial properties and other factors, while operating profit declined due to lower revenue from existing properties and other factors. - FY2022-Q3Third-quarter results update (higher revenue and lower profit in the real estate business)Annual report
「In the real estate business, operating revenue was ¥32,844 million, compared with operating revenue of ¥30,644 million in the same period of the previous year, due to the adoption of the revenue recognition accounting standard, which resulted in utility income received from tenants being recognized on a gross basis, as well as increased revenue in the real estate sales business. However, operating profit was ¥9,838 million, compared with operating profit of ¥10,266 million in the same period of the previous year, due mainly to a decrease in construction contribution income in the real estate leasing business.」
Operating revenue in the real estate business was ¥32,844 million, driven by the adoption of the revenue recognition accounting standard and increased revenue in the real estate sales business, while operating profit was ¥9,838 million due to a decrease in construction contribution income and other factors. - FY2022-Q2First-half results update (lower revenue and profit in the real estate business)Annual report
「In the real estate sales business, operating revenue was ¥18,650 million, compared with operating revenue of ¥21,660 million in the same period of the previous year, and operating profit was ¥5,926 million, compared with operating profit of ¥7,019 million in the same period of the previous year, mainly due to the reversal of the previous year's large condominium sale.」
The real estate business reported declines in both operating revenue and operating profit due to the reversal of the previous year's large condominium sale. - FY2022-Q1First-quarter results update (lower revenue and profit in the real estate business)Annual report
「In the real estate sales business, operating revenue was ¥9,125 million, compared with operating revenue of ¥12,925 million in the same period of the previous year, and operating profit was ¥2,984 million, compared with operating profit of ¥3,912 million in the same period of the previous year, mainly due to the reversal of the previous year's large condominium sale.」
The real estate business reported declines in both operating revenue and operating profit due to the reversal of the previous year's large condominium sale. - FY2021-Q3Third-quarter results update (lower revenue and profit in the real estate business)Annual report
「In the real estate business, operating revenue was ¥30,644 million, down 11.4% year on year, and operating profit was ¥10,266 million, down 10.0%, due to decreased condominium sales in the real estate sales business and the impact of COVID-19 on the real estate leasing business, among other factors.」
Due to decreased condominium sales and the impact of COVID-19, the real estate business reported an 11.4% decline in operating revenue and a 10.0% decline in operating profit for the cumulative third quarter. - FY2021-Q2First-half results update (lower revenue and profit in the real estate business)Annual report
「In the real estate business, operating revenue was ¥21,660 million, down 6.7% year on year, and operating profit was ¥7,019 million, down 7.3%, due to the impact of COVID-19 on the real estate leasing business, as well as decreased condominium sales in the real estate sales business.」
Due to the impact of COVID-19 and decreased condominium sales, the real estate business reported a 6.7% decline in operating revenue and a 7.3% decline in operating profit. - FY2021-Q1First-quarter results update (higher revenue and profit due to large condominium sales)Annual report
「In the real estate sales business, operating revenue was ¥12,925 million, up 51.5% year on year, and operating profit was ¥3,912 million, up 26.5%, mainly due to a large condominium sale and other factors.」
Driven by a large condominium sale, the real estate business reported 51.5% growth in operating revenue and 26.5% growth in operating profit in the first quarter. - FY2020Full-year results update (higher revenue and profit in the real estate business)Annual report
「As a result, operating revenue in the real estate business was ¥43,486 million, up 17.7% year on year, due to Namba SkyO's contribution for the full year and increased condominium sales. Operating profit was ¥13,832 million, up 189.6%, partly due to the reversal of the previous year's impairment loss on real estate held for sale recognized in connection with the review of the housing development business and other operations.」
For the full year, the real estate business reported 17.7% growth in operating revenue and 189.6% growth in operating profit, driven by Namba SkyO's full-year contribution and increased condominium sales, among other factors. - FY2020-Q3Third-quarter results update (higher revenue and profit in the real estate business)Annual report
「In addition to the contribution from Namba SkyO, which opened in October 2018, the real estate business benefited from increased condominium sales. Operating revenue was ¥34,575 million, up 21.5% year on year, and operating profit was ¥11,402 million, up 28.2%.」
For the cumulative third quarter, the real estate business reported 21.5% growth in operating revenue and 28.2% growth in operating profit, driven by the contribution from Namba SkyO and increased condominium sales. - FY2020-Q2First-half results update (higher revenue and profit in the real estate business)Annual report
「In addition to the contribution from Namba SkyO, which opened in October last year, the real estate business benefited from increased condominium sales. Operating revenue was ¥23,222 million, up 23.0% year on year, and operating profit was ¥7,570 million, up 31.0%.」
Driven by rental income from Namba SkyO and increased condominium sales, the real estate business reported 23.0% growth in operating revenue and 31.0% growth in operating profit for the first half. - FY2020-Q1First-quarter results update (lower revenue and profit following the reversal of the previous period's strong real estate sales)Annual report
「In the real estate leasing business, Namba SkyO, which opened in October last year, contributed to results. However, in the real estate sales business, operating revenue was ¥8,529 million, down 24.6% year on year, and operating profit was ¥3,092 million, down 4.3%, mainly due to the reversal of the previous year's large condominium sale.」
Although Namba SkyO contributed rental income, the real estate business reported a 24.6% decline in operating revenue and a 4.3% decline in operating profit due to the reversal of the previous year's large condominium sale. - FY2019Full-year results update (lower revenue and profit; impairment loss)Annual report
「Operating revenue in the real estate business was ¥36,956 million, down 10.4% year on year, mainly due to a decrease in the number of condominiums delivered. Operating profit was ¥4,776 million, down 57.9%, partly because the company recognized impairment losses on real estate held for sale in connection with its review of the housing development business and other operations.」
For the full year, the real estate business reported a 10.4% decline in operating revenue and a 57.9% decline in operating profit, due to a decrease in condominium deliveries and impairment losses on real estate held for sale. - FY2019-Q3Updated nine-month results (higher revenue and profit)Annual report
「In the real estate business, operating revenue was ¥28,452 million, up 21.1% year on year, and operating profit was ¥8,892 million, up 13.9%, mainly due to increased condominium sales in the real estate sales business.」
The real estate business reported higher revenue and profit for the cumulative third quarter, driven by increased condominium sales and other factors. - FY2019-Q2Updated first-half results (higher revenue and profit)Annual report
「In the real estate segment, operating revenue was ¥18.879 billion, up 24.0% year on year, and operating profit was ¥5.777 billion, up 14.2%, mainly because condominium sales increased in the real estate sales business.」
The real estate business reported higher revenue and profit for the cumulative second quarter, driven by increased condominium sales and other factors. - FY2018Updated full-year results (higher revenue and profit)Annual report
「As a result, operating revenue in the real estate segment was ¥41.248 billion, up 21.6% year on year, and operating profit was ¥11.347 billion, up 32.2%.」
For the full year, both operating revenue and operating profit in the real estate segment increased due to higher sales of condominiums and other properties. - FY2018-Q3Third-quarter results update (real estate segment)Annual report
「In the real estate segment, operating revenue was ¥23.491 billion, down 4.0% year on year, mainly because condominium sales declined in the real estate sales business. Operating profit, however, was ¥7.805 billion, up 4.8%, mainly because occupancy rates improved at properties along the railway lines, including Park Tower, in the real estate leasing business.」
Operating revenue in the real estate segment declined due to lower condominium sales, while operating profit increased as occupancy rates improved at leased properties along the railway lines. - FY2018-Q2First-half results updatedAnnual report
「In the real estate segment, operating revenue was ¥15.227 billion, down 10.7% year on year, and operating profit was ¥5.059 billion, down 3.1%, mainly because condominium sales declined in the real estate sales business.」
In the real estate segment, both first-half operating revenue and operating profit declined, mainly due to lower condominium sales. - FY2017-Q3First statedAnnual report
「In the real estate sales business, the company advanced the sale of residential land and detached houses at locations including Nankai Rinkan Denen City Ayano-dai and Nankai Kumatori Tsubasagaoka. It also promoted its condominium development business along its railway lines in Sakai Shichido and Kawachinagano, and outside the railway network in Muko, Kyoto Prefecture, including around Rakusaiguchi Station on the Hankyu Kyoto Line.」
Operating profit in the real estate segment fell 6.9% year on year, mainly due to the impact of recording an impairment loss on real estate for sale.