Stabilization of the Earnings Base Through Real Estate Leasing
First written in FY2016. 15 of 30 entries say "Advanced", first in FY2017-Q1. Latest entry: FY2026.
Kpp Group Holdings moved to the "Worse" side of this theme in 2018, 7 years before the typical company in this theme (2025).
The whole theme swung hardest in 2025: 4 of 30 companies on the "Worse" side.
17 other companies' latest entry also says "Advanced".
- FY2026AdvancedAnnual report
「The Company transferred land in Chuo-ku, Tokyo, in February 2021. At a meeting of the Board of Directors held on 26 March 2026, it resolved to acquire the trust beneficiary rights relating to that land, and on 31 March 2026 entered into an agreement to transfer the trust beneficiary rights, with 30 June 2026 set as the transfer completion date.」
The Company entered into an agreement to acquire for ¥19,850 million the trust beneficiary rights relating to land in Kyobashi, Chuo-ku, Tokyo, transferred in 2021. The purposes are to improve the profitability of buildings owned by the Company and increase flexibility for a future sale of the land and buildings together. - FY2025RestatedAnnual report
「The basic policy for this business segment is to generate stable earnings through the effective use of owned real estate. We will continue to make investment decisions regarding redevelopment, repairs and other measures after taking into account the future potential of each property, and will work to generate stable earnings.」
The policy of securing stable earnings through the effective use of owned real estate and property-by-property decisions on redevelopment and repairs remains in place. - FY2024AdvancedAnnual report
「Revenue and profit increased year on year because KPP Akashicho Building, completed in February 2023, contributed for the full year. Revenue in the real estate leasing business was ¥1,521 million, up 25.1% year on year, and segment profit was ¥579 million, up 401.3%.」
KPP Akashicho Building contributed for the full year, increasing earnings in the real estate leasing business. - FY2024-Q2AdvancedAnnual report
「Although a vacancy period arose due to tenant changes at KPP Yaesu Building, KPP Akashicho Building, completed in February 2023, contributed to year-on-year increases in revenue and profit. As a result, revenue for the first half of the current consolidated cumulative period was ¥759 million, up 28.1% year on year, and operating profit was ¥293 million, up 405.4%.」
With a contribution from KPP Akashicho Building, the real estate leasing business recorded increases in revenue and profit despite the vacancy period, reporting revenue of ¥759 million and operating profit of ¥293 million. - FY2024-Q1AdvancedAnnual report
「Although a vacancy period arose due to tenant changes at KPP Yaesu Building, KPP Akashicho Building, completed in February 2023, contributed to year-on-year increases in revenue and profit. As a result, revenue for the first quarter of the current consolidated cumulative period was ¥380 million, up 23.9% year on year, and operating profit was ¥150 million, up 201.0%.」
The completion and contribution of KPP Akashicho Building represented concrete progress, with both revenue and operating profit in the real estate leasing business exceeding the same period of the previous year. - FY2023-Q2SoftenedAnnual report
「Although revenue increased at some tenant buildings following a review of the management structure, rental income declined due to the redevelopment of leased parking facilities and vacancy periods resulting from tenant changes at KPP Yaesu Building, resulting in year-on-year declines in revenue and profit. As a result, revenue for the first half of the current consolidated cumulative period was ¥592 million, down 4.8% year on year, and operating profit was ¥58 million, down 32.6%.」
Despite a revenue contribution from the review of the management structure, the real estate leasing business recorded declines in revenue and profit due to vacancy periods associated with redevelopment and tenant changes. - FY2023-Q1AdvancedAnnual report
「KPP Yaesu Building, the Group's core property, remained fully occupied, but revenue declined slightly due in part to lower rental income associated with the redevelopment of leased properties. Profit increased because costs were reduced through a review of the management structure for leased properties and other measures.」
Despite lower rental income associated with redevelopment, cost reductions through a review of the management structure and other measures lifted operating profit in the real estate leasing business to ¥49 million, up 15.6% year on year. - FY2022-Q3SoftenedAnnual report
「KPP Yaesu Building, the Group's core property, remained fully occupied, but revenue declined slightly due in part to lower rental income associated with the redevelopment of owned properties. Profit declined because ground rent arose following the sale of the land beneath KPP Yaesu Building in February 2021.」
Although the core property remained fully occupied, revenue and profit from the leasing business declined due to the redevelopment of owned properties and ground rent arising after the land sale. - FY2022-Q1SoftenedAnnual report
「Revenue was broadly flat, partly because the Group's major property, KPP Yaesu Building, remained fully occupied. However, profit declined due to the rental income associated with the sale of the land beneath KPP Yaesu Building in February 2021. As a result, revenue for the first quarter of the current consolidated cumulative period was ¥310 million, and operating profit was ¥43 million, down 25.6% year on year.」
Although KPP Yaesu Building remained fully occupied, profit declined due to the rental income associated with the land sale in February 2021 and other factors, with the impact on the earnings base from real estate leasing becoming apparent in results. - FY2021AdvancedAnnual report
「During the consolidated fiscal year, the Company sold the land beneath KPP Yaesu Building.」
The sale of the land beneath KPP Yaesu Building was completed, and the Company recorded a ¥10.599 billion gain on the sale of fixed assets. The ratio of leased real estate to total assets also fell to 2.5%. - FY2021-Q3AdvancedAnnual report
「At a meeting of the Board of Directors held on 12 February 2021, we resolved to transfer the real estate owned by the Company as described below. The transfer is being carried out to make effective use of management resources and improve our financial position. Gain on transfer: approximately ¥10,100 million」
The Company resolved to transfer the land beneath a tenant building in Kyobashi, Chuo-ku, Tokyo, with handover scheduled for 26 February 2021. The estimated gain on the transfer is approximately ¥10.1 billion, concretizing the sale of real estate to improve asset efficiency and our financial position. - FY2021-Q2AdvancedAnnual report
「Revenue increased year on year, partly because rents were revised and tenants were changed at major properties including KPP Yaesu Building in the second half of the previous fiscal year.」
As a result of rent revisions and tenant changes, the real estate leasing business recorded revenue of ¥623 million, up 4.2% year on year, and operating profit of ¥339 million, up 15.5%. - FY2020-Q3AdvancedAnnual report
「At a meeting of the Board of Directors held on 14 February 2020, we resolved to transfer fixed assets. The transfer is being carried out to make effective use of the real estate owned by the Company. Property handover (scheduled): 30 March 2020」
The Company resolved to transfer a leased warehouse in Konan, Minato-ku, Tokyo, with handover scheduled for 30 March 2020. The estimated gain on the transfer is approximately ¥2.2 billion, further concretizing the ongoing adjustment of the earnings base through real estate sales. - FY2020-Q2SoftenedAnnual report
「Although the decline in revenue from the sale of some owned properties was offset by higher revenue from rent revisions, revenue was nearly unchanged. Profit declined because repair and maintenance expenses and other maintenance costs increased. As a result, revenue for the first 2 quarters of the current fiscal year fell 0.1% year on year to ¥599 million, and operating profit fell 4.5% to ¥293 million.」
Although rent revisions offset the decline in revenue from the sale of some properties, operating profit fell 4.5% year on year because repair and maintenance expenses and other maintenance costs increased. - FY2020-Q1SoftenedAnnual report
「Although rent revisions contributed to higher revenue, revenue was nearly unchanged because some leased properties were sold. Profit declined because repair and maintenance expenses and other costs increased.」
Although rent revisions contributed to higher revenue, the sale of some leased properties and increases in repair and maintenance expenses resulted in revenue declining 0.1% year on year and operating profit declining 5.8%. - FY2019SoftenedAnnual report
「The Company maintained high occupancy rates, centered on KPP Yaesu Building, its core property, and secured stable earnings. However, rental revenue declined because some owned properties were sold to improve asset efficiency.」
While high occupancy rates and stable earnings were maintained, rental revenue declined following the sale of some properties. Revenue was ¥1,197 million, down 2.9% year on year, while segment profit was ¥599 million, up 6.9%. - FY2019-Q3SoftenedAnnual report
「The tenant buildings maintained high occupancy, but rental revenue declined following the sale of some leased properties. Meanwhile, profit increased because repair and maintenance expenses and other costs decreased. As a result, revenue fell 3.0% year on year to ¥898 million, while operating profit increased 16.4% to ¥457 million.」
Although profit increased because of high occupancy and lower expenses, rental revenue continued to decline following the sale of some leased properties, and the leasing business continued to contract. - FY2019-Q2SoftenedAnnual report
「Under these conditions, the Group's tenant buildings, including KPP Yaesu Building, the core property, maintained high occupancy, and rent revisions also contributed to higher revenue. However, rental revenue declined following the sale of some owned properties.」
Although high occupancy and rent revisions contributed to higher revenue, rental revenue declined following the sale of some owned properties. Revenue from the real estate leasing business fell 3.1% year on year to ¥599 million, while operating profit increased 22.6% to ¥307 million. - FY2019-Q1SoftenedAnnual report
「Although the sale of some leased properties reduced rental revenue, revenue fell only 3.5% year on year to ¥298 million because repair and maintenance expenses and other costs decreased. Operating profit increased 34.8% to ¥153 million.」
Revenue fell 3.5% year on year following the sale of some leased properties, and the leasing business continued to contract. Meanwhile, operating profit increased 34.8% because expenses declined. - FY2018SoftenedAnnual report
「The Group's tenant buildings, including KPP Yaesu Building, the core property, maintained high occupancy, but rental revenue declined following the sale of some owned properties. As a result, revenue from the real estate leasing business was ¥1,233 million, down 19.8%, and segment profit was ¥561 million, down 17.8%.」
Although high occupancy was maintained, revenue and profit in the leasing business declined year on year following the sale of owned properties, and the earnings base continues to contract. - FY2018-Q3SoftenedAnnual report
「The Group's tenant buildings, including KPP Yaesu Building, the core property, maintained high occupancy, but rental revenue declined following the sale of some owned properties. As a result, revenue fell 20.1% year on year to ¥926 million, and operating profit fell 23.7% to ¥393 million.」
While the tenant buildings maintained high occupancy, rental revenue declined following the sale of some owned properties, resulting in revenue and operating profit declines of 20.1% and 23.7%, respectively, year on year. - FY2018-Q2SoftenedAnnual report
「Under these conditions, KPP Yaesu Building, the core property in the Group's real estate leasing business, maintained full occupancy, but rental revenue declined because some owned properties were sold. As a result, revenue fell 20.4% year on year to ¥618 million, and operating profit fell 26.8% to ¥251 million.」
While the core property maintained full occupancy, rental revenue declined following the sale of some owned properties, resulting in year-on-year declines in revenue and operating profit. - FY2018-Q1SoftenedAnnual report
「KPP Yaesu Building, the core property, maintained full occupancy, but revenue fell 20.2% year on year to ¥309 million and operating profit fell 34.3% to ¥114 million because of lower revenue following the sale of some tenant buildings and other properties.」
While the core property maintained full occupancy, revenue and operating profit in the real estate leasing business declined because some tenant buildings and other properties were sold, reducing the scale of the earnings base. - FY2017-Q3AdvancedAnnual report
「Although the sale of some owned properties reduced revenue, rental revenue was nearly unchanged because KPP Yaesu Building, the core property, maintained full occupancy and tenant buildings in Osaka and Nagoya operated at nearly full occupancy. Profit increased due in part to cost reductions. As a result, revenue increased 0.2% year on year to ¥1,158 million, and operating profit increased 14.8% to ¥515 million.」
The core property maintained full occupancy, and the tenant buildings in Osaka and Nagoya operated at nearly full occupancy. Including the benefits of cost reductions, operating profit for the first 3 quarters increased 14.8% year on year. - FY2017-Q2AdvancedAnnual report
「KPP Yaesu Building, the core property, maintained full occupancy, while tenant buildings in Osaka and Nagoya were also operating at nearly full occupancy. As a result, rental revenue increased, with revenue rising 1.1% year on year to ¥777 million and operating profit increasing 19.4% to ¥342 million.」
KPP Yaesu Building maintained full occupancy, while the tenant buildings in Osaka and Nagoya also operated at nearly full occupancy. Revenue for the first 2 quarters was ¥777 million, and operating profit was ¥342 million. - FY2017-Q1AdvancedAnnual report
「KPP Yaesu Building, the core property, maintained full occupancy, while occupancy rates improved at tenant buildings in Osaka and Nagoya. In addition, expenses related to tenant recruitment decreased. As a result, revenue increased 1.8% year on year to ¥387 million, and operating profit increased 26.0% to ¥173 million.」
The core property maintained full occupancy, and occupancy rates in Osaka and Nagoya also improved. Quarterly revenue was ¥387 million and operating profit was ¥173 million, up 1.8% and 26.0%, respectively, year on year. - FY2016First statedAnnual report
「The Group is engaged in a real estate leasing business using properties it owns, with the aim of stabilizing its earnings base. Rental revenue increased because its core property, KPP Yaesu Building, maintained full occupancy, while occupancy rates also improved at its tenant buildings in Osaka and Nagoya.」
Revenue from the real estate leasing business was ¥1,546 million, and segment profit was ¥608 million.