Higher Profit from Improved Utilization of Existing Properties
First written in FY2017-Q2. 8 of 27 entries say "Restated". Latest entry: 2026-08-04.
The whole theme swung hardest in 2022: 6 of 44 companies on the "Worse" side.
19 other companies' latest entry also says "Advanced".
- 2026-08-04AdvancedFinancial results
「The real estate business recorded higher revenue and profit year on year due to the occupancy of new tenants at the multi-tenant MSH Nihombashi Hakozaki Building.」
New tenant occupancy associated with the conversion to a multi-tenant building continued, resulting in higher revenue and profit in the real estate business. - FY2026AdvancedAnnual report
「The real estate business recorded higher revenue and profit year on year, supported by the occupancy of new tenants at the multi-tenant MSH Nihombashi Hakozaki Building.」
New tenants moved in following the temporary vacancies caused by the previous fiscal year's conversion to a multi-tenant property, increasing operating revenue by 28.6% and operating profit by 69.4%. - FY2026-H1AdvancedAnnual report
「The real estate business recorded higher revenue and profit year on year due to the occupancy of new tenants at the multi-tenant MSH Nihombashi Hakozaki Building.」
Despite the temporary vacancies and lower profit outlook associated with the conversion to a multi-tenant property indicated in the previous fiscal year, new tenants moved in, contributing to higher revenue and profit in the real estate business. - FY2025-H1Lower revenue and profit due to conversion of a major building to a multi-tenant propertyAnnual report
「The company posted lower revenue and profit year on year due to temporary vacancies arising from the conversion of a major company-owned building to a multi-tenant property.」
The outlook for lower profit due to tenant turnover and construction at a major building, indicated in the previous fiscal year, has emerged in the current interim period as lower revenue and profit in the real estate business due to temporary vacancies. - FY2024Profit expected to decline next period due to tenant turnover and constructionAnnual report
「Profit in the real estate business is expected to decline due to temporary lower income and higher costs. This is primarily attributable to vacancies arising from tenant turnover at MSH Nihonbashi Hakozaki Building, one of the company's owned properties, and higher depreciation expenses resulting from value-enhancement construction to convert the building to a multi-tenant property.」
After remaining broadly flat through the current fiscal year, profit in the real estate business is expected to decline next period due to vacancies associated with tenant turnover at MSH Nihonbashi Hakozaki Building and higher depreciation expenses related to construction. - FY2024-Q1RestatedAnnual report
「There were no significant changes in the vacancy rate or rent levels of the office properties owned by the company, and both operating revenue and operating profit were flat.」
There were no significant changes in vacancy rates or rent levels at the company's owned office properties, and the real estate business continues to remain broadly flat. - FY2023-Q3RestatedAnnual report
「There were no significant changes in the vacancy rate or rent levels of the office properties owned by the company, and both operating revenue and operating profit were flat.」
There were no significant changes in vacancy rates or rent levels in the Tokyo Business District or the company's owned properties, and the real estate business has remained broadly flat. - FY2023-Q1RestatedAnnual report
「Operating revenue increased by ¥26 million year on year to ¥2,172 million, while operating profit increased by ¥47 million to ¥1,272 million, with both remaining broadly flat.」
The real estate business posted only slight increases in revenue and profit, and operating revenue and operating profit remain broadly flat. - FY2022-Q3RestatedAnnual report
「Operating revenue decreased by ¥72 million year on year to ¥7,087 million, while operating profit decreased by ¥37 million to ¥4,295 million, with both remaining broadly flat.」
Although the real estate business posted slight declines in revenue and profit, operating revenue and operating profit remain broadly flat. - FY2022-Q1Broadly flat performance continuedAnnual report
「Operating revenue decreased by ¥42 million year on year to ¥2,146 million, while operating profit decreased by ¥26 million to ¥1,224 million, with both remaining broadly flat.」
The real estate business posted slight year-on-year declines in revenue and profit, but operating revenue and operating profit remain broadly flat. - FY2021Full-year lower revenue and profit due to lower rental incomeAnnual report
「Lower rental income reduced operating revenue by ¥212 million year on year to ¥9,621 million and operating profit by ¥31 million to ¥5,833 million.」
The current fiscal year marked a shift from a period of higher profit driven by renewed contracts with major tenants to lower full-year revenue and profit due to lower rental income. - FY2021-Q3RestatedAnnual report
「Lower rental income reduced operating revenue by ¥183 million year on year to ¥7,160 million and operating profit by ¥34 million to ¥4,332 million.」
As in the previous quarter, the real estate business reported lower revenue and profit due to lower rental income. - FY2021-Q1Lower revenue and profit due to lower rental incomeAnnual report
「Lower rental income reduced operating revenue by ¥203 million year on year to ¥2,189 million and operating profit by ¥146 million to ¥1,251 million.」
This quarter marked a shift from the previous trend of higher profit driven by increased rental income from renewed contracts with major tenants to lower revenue and profit due to lower rental income. - FY2020AdvancedAnnual report
「Higher rental income following the renewal of contracts with major tenants lifted operating revenue by ¥663 million year on year to ¥9,833 million and operating profit by ¥750 million to ¥5,865 million.」
Higher rental income from renewed contracts with major tenants continued throughout the fiscal year, increasing operating revenue and operating profit in the real estate business. - FY2020-Q3AdvancedAnnual report
「Higher rental income following the renewal of contracts with major tenants lifted operating revenue by ¥447 million year on year to ¥7,344 million and operating profit by ¥504 million to ¥4,366 million.」
Higher rental income from renewed contracts with major tenants continued, increasing operating revenue and operating profit in the real estate business year on year. - FY2020-Q2AdvancedAnnual report
「Higher rental income following the renewal of contracts with major tenants lifted operating revenue by ¥263 million year on year to ¥4,862 million and operating profit by ¥289 million to ¥2,866 million.」
Higher rental income from renewed contracts with major tenants continued, increasing operating revenue and operating profit in the real estate business year on year. - FY2020-Q1ReframedAnnual report
「Higher rental income following the renewal of contracts with major tenants lifted operating revenue by ¥87 million year on year to ¥2,392 million and operating profit by ¥108 million to ¥1,398 million.」
The factor driving higher profit in the real estate business is identified as increased rental income from the renewal of contracts with major tenants, replacing the previous factor of higher occupancy at existing properties. - FY2019RestatedAnnual report
「Operating revenue increased by ¥14 million year on year to ¥9,170 million, while operating profit increased by ¥69 million to ¥5,114 million, with both remaining broadly flat.」
The real estate business posted only slight increases in revenue and profit, and performance remains broadly flat. - FY2019-Q3Higher revenue and profit, but broadly flat overallAnnual report
「Operating revenue increased by ¥49 million year on year to ¥6,896 million, while operating profit increased by ¥75 million to ¥3,861 million, with both remaining broadly flat.」
Operating revenue and operating profit in the real estate business increased only slightly year on year, and performance remains broadly flat. - FY2019-Q2Broadly flat performance continuedAnnual report
「Operating revenue increased by ¥43 million year on year to ¥4,599 million, while operating profit increased by ¥60 million to ¥2,577 million, with both remaining broadly flat.」
Operating revenue and operating profit in the real estate business increased only slightly year on year, and performance remains broadly flat. - FY2018Lower revenue, with profit broadly flatAnnual report
「The real estate business was broadly flat year on year.」
The real estate business generated operating revenue of ¥9,155 million, down year on year, while operating profit was ¥5,045 million, an increase of ¥39 million, leaving overall performance broadly flat. - FY2018-Q2Lower revenue, with profit broadly flatAnnual report
「Operating revenue was broadly flat year on year at ¥4,556 million, while operating profit was also broadly flat, increasing by only ¥8 million to ¥2,516 million.」
Operating revenue in the real estate business was broadly flat, and operating profit increased by only ¥8 million, marking a shift from the profit growth trend through the previous quarter to broadly flat profit. - FY2018-Q1RestatedAnnual report
「The real estate business reported higher profit despite a slight decline in revenue.」
The real estate business reported higher profit despite a slight decline in revenue, continuing the previous trend, including improved utilization and profitability at existing properties. - FY2017-Q3RestatedAnnual report
「In the real estate leasing business, although some properties were sold in the previous fiscal year, higher occupancy at existing properties helped keep operating revenue broadly in line with the same period of the previous year at ¥7,042 million, while operating profit increased by ¥123 million to ¥3,768 million.」
Although the sale of some properties reduced revenue, higher occupancy at existing properties continues to drive higher profit in the real estate business. - FY2017-Q2First statedAnnual report
「In the real estate leasing business, although some properties were sold in the previous fiscal year, higher occupancy at existing properties helped keep operating revenue broadly in line with the previous year at ¥4,697 million, while operating profit increased by ¥122 million to ¥2,508 million.」
Although the sale of some properties reduced revenue, higher occupancy at existing properties increased operating profit.