Dependence on Specific Tenants and Contract Renewal Risk
First written in FY2020. 3 of 6 entries say "Mitigated", first in FY2026-H1. Latest entry: 2026-08-04.
2 other companies' latest entry also says "Mitigated".
- 2026-08-04MitigatedEarnings
「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.」
The risks of vacancy and contract renewals associated with the conversion of the principal building to a multi-tenant property continue to ease partially through new tenant occupancy and higher revenue and profit. - FY2026MitigatedAnnual 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 tenant occupancy materialized in response to the temporary vacancy risk associated with converting major buildings to a multi-tenant model, partially mitigating the risk through higher revenue and profit in the real estate business. - FY2026-H1MitigatedAnnual 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.」
The vacancy risk associated with converting major buildings to a multi-tenant model was partially mitigated by new tenant occupancy, resulting in higher revenue and profit in the real estate business. - FY2025-H1MaterialisedAnnual 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.」
Contract and vacancy risks related to dependence on certain major buildings and tenant revenue actually materialized as temporary vacancies associated with the shift to a multi-tenant model, resulting in lower revenue and profit in the real estate business. - FY2024WorsenedAnnual 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.」
Dependence on specific tenants and lease renewal risk have become more concrete, with vacancies arising from tenant turnover at the MSH Nihonbashi Hakozaki Building identified as a factor that will reduce profit in the next fiscal year. - FY2020First statedAnnual report
「In the group’s real estate business, income from tenants in certain leased buildings accounts for a significant proportion of the overall business.」
Dependence on tenant income from certain leased buildings and the temporary impact on results and financial position if leases are not renewed upon expiration were disclosed as a separate risk for the first time.