Changes to variable contracts for major leased properties
First written in FY2024-Q2. 2 of 3 entries say "Restated". Latest entry: FY2024.
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- FY2024RestatedAnnual report
「In the real estate leasing business, existing contracts for major properties were changed to variable contracts. As a result, operating revenue was ¥87 million, down ¥22 million, or 20.4%, from the previous fiscal year, and operating income was ¥10 million, down ¥29 million, or 74.1%.」
The company continues to disclose, including for the full fiscal year, the change to variable contracts for major properties and the resulting decline in operating revenue and operating income in the real estate leasing business. - FY2024-Q3RestatedAnnual report
「In the real estate leasing business, existing contracts for major properties were changed to variable contracts. As a result, operating revenue was ¥65 million, down ¥15 million, or 19.5%, from the third quarter of the previous fiscal year, and operating income was ¥7 million, down ¥20 million, or 72.9%.」
The company continues to disclose the measure of changing contracts for major properties to variable contracts and its impact on revenue and profit. - FY2024-Q2First statedAnnual report
「In the real estate leasing business, existing contracts for major properties were changed to variable contracts. As a result, operating revenue was ¥43 million, down ¥10 million, or 19.9%, from the second quarter of the previous fiscal year, and operating income was ¥2 million, down ¥14 million, or 86.7%.」
The company disclosed for the first time that it had changed the existing contracts for major properties to variable contracts. As a result, operating revenue was ¥43 million and operating income was ¥2 million, down 19.9% and 86.7%, respectively, year on year.