Komori
Maruhachi Warehouse (9313) · FactAdvanced

Decline in Revenue and Profit in the Real Estate Business Following the Sale of Rental Properties

First written in FY2017-Q2. 11 of 31 entries say "Advanced", first in FY2018. Latest entry: FY2026-H1.

31entries
10years
1from disclosures
Share on X
How it moved
ProgressHeldSoftenedWorseOtherFY2021-Q3 – FY2023AdvancedFY2024-Q1 – FY20242017: 220172018: 320182019: 420192020: 420202021: 320212022: 420222023: 320232024: 320242025: 220252026: 32026
Same theme, other companies
Decline in real estate rental income from sales of rental propertiesA theme 4 companies write about · 4 as a headwind · 0 as a tailwind

2 other companies' latest entry also says "Advanced".

Ridges = years it wrote progress, valleys = years it wrote worse. Most hopeful companies at the back. Drag to turn, scroll to zoom, right-drag to pan. On a phone, two fingers turn and pinch to zoom; one finger scrolls the page.
Full recordFilings, disclosures and news, newest first
  1. FY2026-H1AdvancedAnnual report

    「In the real estate business, rental income increased as the rental apartment acquired in the previous fiscal year operated steadily, resulting in a ¥32 million year-on-year increase in revenue to ¥350 million and a ¥23 million increase in segment profit to ¥174 million.」

    The real estate business shifted from lower profit due to initial costs associated with acquisitions through the previous fiscal year to higher revenue and profit as the acquired rental apartment operated steadily.
  2. 2026-04-10OtherEarnings

    「In the logistics business, revenue increased by ¥10 million year on year to ¥1,074 million, as revenue from storage fees, cargo-handling fees and rental warehouse fees all increased. Segment profit decreased by ¥23 million to ¥159 million due to major repairs to existing facilities. In the real estate business, rental income from real estate increased as the rental apartment building acquired in the previous fiscal year operated steadily. Revenue increased by ¥26 million to ¥174 million, while segment profit increased by ¥16 million to ¥86 million.」

    In the logistics business, each revenue category increased, but segment profit declined due to major repairs to existing facilities. In the real estate business, stable operation of the rental apartment building led to higher revenue and profit.
  3. FY2025Higher revenue from new acquisitions, lower profit due to initial costsAnnual report

    「In the real estate business, revenue increased by ¥1 million year on year to ¥670 million following the new acquisition of rental properties, while segment profit decreased by ¥8 million to ¥331 million due to initial costs and other factors.」

    The real estate business recorded higher revenue following the new acquisition of rental properties, while profit declined due to initial costs and other factors.
  4. FY2025-H1Higher revenue from new acquisitions, lower profit due to management costsAnnual report

    「In the real estate business, revenue increased by ¥1 million year on year to ¥318 million following the new acquisition of rental properties, while segment profit decreased by ¥1 million to ¥151 million due to higher management costs.」

    The real estate business recorded higher revenue following the new acquisition of rental properties, while segment profit declined due to higher management costs.
  5. FY2024AdvancedAnnual report

    「In the real estate business, revenue increased by ¥36 million year on year to ¥669 million as the rental apartments and rental office buildings remained steadily occupied, while segment profit increased by ¥63 million to ¥339 million.」

    The real estate business recorded higher revenue and profit year on year as its rental properties remained steadily occupied.
  6. FY2024-Q2AdvancedAnnual report

    「In the real estate business, revenue was broadly unchanged year on year at ¥316 million as the rental apartments and rental office buildings remained steadily occupied, while segment profit increased by ¥23 million to ¥152 million due to the effects of cost reductions and other factors.」

    The real estate business maintained revenue broadly in line with the same period of the previous year through stable operations, while segment profit increased year on year due to the effects of cost reductions and other factors.
  7. FY2024-Q1AdvancedAnnual report

    「In the real estate business, revenue was broadly unchanged year on year at ¥157 million as the rental apartments and rental office buildings remained steadily occupied, while segment profit increased by ¥22 million to ¥75 million due to the effects of cost reductions and other factors.」

    Revenue in the real estate business was broadly in line with the same period of the previous year, while segment profit increased year on year due to the effects of cost reductions and other factors.
  8. FY2023Higher revenue from stable operations, lower profit due to repair expensesAnnual report

    「In the real estate business, revenue increased by ¥2 million year on year to ¥632 million as the rental apartments and rental office buildings remained steadily occupied, while segment profit decreased by ¥31 million to ¥275 million due to repair expenses and other factors.」

    The real estate business recorded higher revenue as its rental properties remained steadily occupied, while profit declined due to repair expenses and other factors.
  9. FY2023-Q3RestatedAnnual report

    「In the real estate business, revenue increased by ¥3 million year on year to ¥475 million as the rental apartments and rental office buildings remained steadily occupied, while segment profit decreased by ¥30 million to ¥201 million due to repair expenses and other factors.」

    The real estate business recorded higher revenue as the rental apartments and rental office buildings remained steadily occupied, while profit declined due to repair expenses and other factors.
  10. FY2023-Q2RestatedAnnual report

    「In the real estate business, revenue increased by ¥3 million year on year to ¥318 million as the rental apartments and rental office buildings remained steadily occupied, while segment profit decreased by ¥26 million to ¥129 million due to repair expenses and other factors.」

    The real estate business recorded higher revenue as the rental apartments and rental office buildings remained steadily occupied, while profit declined due to repair expenses and other factors.
  11. FY2023-Q1Higher revenue and lower profit under stable operationsAnnual report

    「In the real estate business, revenue increased by ¥1 million year on year to ¥158 million as the rental apartments and rental office buildings remained steadily occupied, while segment profit decreased by ¥24 million to ¥53 million due to repair expenses and other factors.」

    The real estate business recorded higher revenue as the rental apartments and rental office buildings remained steadily occupied, while segment profit declined due to repair expenses and other factors.
  12. FY2022-Q3Stable operations leave revenue flat while profit risesAnnual report

    「In the real estate business, revenue was broadly unchanged at ¥472 million due to the stable operation of the real estate rental business, while segment profit increased by ¥13 million year on year to ¥231 million.」

    With the real estate rental business operating stably, revenue was maintained at approximately the previous fiscal year's level, while segment profit increased year on year.
  13. FY2022-Q2RestatedAnnual report

    「In the real estate business, revenue was broadly unchanged at ¥315 million due to the stable operation of the real estate rental business, while segment profit was also broadly unchanged at ¥156 million.」

    Although the real estate rental business operated stably, both revenue and segment profit were broadly at the previous fiscal year's levels.
  14. FY2022-Q1Stable operations leave real estate revenue and profit broadly unchangedAnnual report

    「In the real estate business, revenue was broadly unchanged at ¥157 million due to the stable operation of the real estate rental business, while segment profit was also broadly unchanged at ¥77 million.」

    It states that although the real estate rental business operated stably, both revenue and segment profit were broadly at the previous fiscal year's levels.
  15. FY2021Stable operations lift real estate revenue, while profit remains broadly at the previous fiscal year's levelAnnual report

    「In the real estate business, revenue increased by ¥10 million year on year to ¥629 million due to the stable operation of rental apartments and rental office buildings, while segment profit was broadly unchanged at ¥296 million.」

    Stable operation of the rental apartments and rental office buildings drove higher revenue, while segment profit remained broadly at the previous fiscal year's level.
  16. FY2021-Q3Higher revenue on stable occupancy, lower profit due to repairsAnnual report

    「In the real estate business, occupancy remained stable, while revenue increased by ¥10 million year on year to ¥472 million. Segment profit decreased by ¥3 million to ¥218 million due to repairs and other factors.」

    The real estate business recorded higher revenue as occupancy remained stable, while segment profit declined due to repairs and other factors.
  17. FY2021-Q2AdvancedAnnual report

    「In the real estate business, occupancy remained stable, while revenue increased by ¥5 million year on year to ¥315 million and segment profit increased by ¥9 million to ¥156 million.」

    With occupancy remaining stable, both revenue and segment profit in the real estate business increased year on year.
  18. FY2021-Q1AdvancedAnnual report

    「In the real estate business, revenue increased by ¥2 million year on year to ¥157 million due to higher rental income, and segment profit increased by ¥4 million to ¥78 million.」

    Driven by higher rental income, the real estate business recorded higher revenue and profit year on year.
  19. FY2020-Q3Continued slight declines in real estate business revenue and profitAnnual report

    「In the real estate business, occupancy remained broadly at the previous fiscal year's level, while revenue decreased by ¥2 million year on year to ¥462 million and segment profit decreased by ¥4 million to ¥221 million.」

    While occupancy remained broadly at the previous fiscal year's level, the real estate business recorded slight declines in revenue and profit year on year.
  20. FY2020-Q2RestatedAnnual report

    「In the real estate business, occupancy remained broadly at the previous fiscal year's level, while revenue decreased by ¥1 million year on year to ¥309 million and segment profit decreased by ¥5 million to ¥147 million.」

    While occupancy in the real estate business remained broadly at the previous fiscal year's level, revenue and segment profit declined slightly.
  21. FY2020-Q1Higher rental income offset by lower fees, resulting in lower revenue and profitAnnual report

    「In the real estate business, rental income increased, but revenue decreased by ¥1 million year on year to ¥154 million due to lower real estate fee income. Segment profit decreased by ¥5 million year on year to ¥73 million.」

    Although rental income increased, the real estate business recorded lower revenue and profit due to lower real estate fee income.
  22. FY2019AdvancedAnnual report

    「Revenue in the real estate business increased by ¥141 million year on year to ¥619 million, and segment profit increased by ¥73 million year on year to ¥255 million.」

    Driven by higher rental income, the real estate business recorded higher full-year revenue and profit, with the strengthened earnings base reflected in its operating performance.
  23. FY2019-Q3AdvancedAnnual report

    「In the real estate business, revenue increased by ¥140 million year on year to ¥465 million due to higher rental income, and segment profit increased by ¥116 million year on year to ¥226 million.」

    Driven by higher rental income, the real estate business recorded higher revenue and profit year on year, with revenue of ¥465 million and segment profit of ¥226 million.
  24. FY2019-Q2AdvancedAnnual report

    「In the real estate business, revenue increased by ¥133 million year on year to ¥310 million due to higher rental income, and segment profit increased by ¥111 million year on year to ¥152 million.」

    Driven by higher rental income, the real estate business recorded higher revenue and profit year on year, with revenue of ¥310 million and segment profit of ¥152 million.
  25. FY2019-Q1AdvancedAnnual report

    「In the real estate business, revenue increased by ¥84 million year on year to ¥156 million due to higher rental income, and segment profit increased by ¥62 million year on year to ¥78 million.」

    Driven by higher rental income, the real estate business recorded higher revenue and profit year on year, with revenue of ¥156 million and segment profit of ¥78 million.
  26. FY2018AdvancedAnnual report

    「In the real estate business, revenue increased by ¥220 million year on year to ¥478 million, mainly due to higher rental income resulting from the operation of the Kiyosumi rental apartments and the acquisition of the Sendai office building.」

    Against the backdrop of the operation of the Kiyosumi rental apartments and the acquisition of the Sendai office building, the real estate business recorded higher full-year revenue, and segment profit also increased to ¥182 million.
  27. FY2018-Q3RestatedAnnual report

    「In the real estate business, revenue increased by ¥135 million year on year to ¥324 million due to higher rental income, and segment profit increased by ¥62 million year on year to ¥109 million.」

    Driven by higher rental income, the real estate business continued to report higher revenue and profit, with revenue of ¥324 million and segment profit of ¥109 million.
  28. FY2018-Q2Higher rental income drives higher revenue and profitAnnual report

    「In the real estate business, revenue increased by ¥56 million year on year to ¥177 million due to higher rental income, and segment profit increased by ¥21 million year on year to ¥40 million.」

    The real estate business, which reported higher revenue but lower profit in the previous quarterly report, recorded higher revenue and profit this time due to increased rental income.
  29. FY2018-Q1ReframedAnnual report

    「In the real estate business, revenue increased by ¥11 million year on year to ¥71 million due to higher rental income and other factors. Segment profit decreased by ¥6 million year on year to ¥16 million due to higher depreciation expenses.」

    The situation shifted from lower revenue following the sale of rental properties to higher revenue due to increased rental income and other factors, while segment profit declined because of higher depreciation expenses.
  30. FY2017-Q3RestatedAnnual report

    「In the real estate business, rental income declined following the sale of rental properties, and revenue decreased by ¥13 million year on year to ¥188 million. Segment profit decreased by ¥30 million year on year to ¥46 million.」

    It states that the real estate business continued to report lower revenue and profit due to lower rental income following the sale of rental properties.
  31. FY2017-Q2First statedAnnual report

    「In the real estate business, rental income declined following the sale of rental properties, and revenue decreased by ¥14 million year on year to ¥120 million. Segment profit decreased by ¥31 million year on year to ¥19 million.」

    It states that revenue and segment profit in the real estate business decreased year on year due to lower rental income following the sale of rental properties.
Moved together

"Driving Earnings Improvement" moved the same way as this thread, in the same document, in 10 of its 31 moves.

1065442★123456
  1. ★This thread
  2. 1Driving Earnings Improvement10×
  3. 2Reduction in Borrowing Balance through Scheduled Repayments of Long-Term Borrowings6×
  4. 3New Medium-Term Management Plan (2019–2023) Numerical Targets5×
  5. 4Renewal of Existing Facilities4×
  6. 5Strengthening the Earnings Base of the Real Estate Business Centered on Logistics4×
  7. 6Higher revenue and profit in the logistics business driven by new customers and increased inventories held by existing customers2×

★ is this thread; numbers match the list above. The number on a line is how many documents both moved the same way in; lines between the other threads count the documents they moved together in too. Threads that move together often sit closer.

When this could move next
No upcoming earnings preview for Maruhachi Warehouse yet. It last moved in the Earnings of 2026-04-10: "Other".
News
No news is linked to this thread yet. When an article touches it, it will appear here by date.
Decline in Revenue and Profit in the Real Estate Business Following the Sale of Rental Properties | Maruhachi Warehouse Company Limited (9313) | Komori