Komori
Toshin Holdings (9444) · TargetReframedLatest M&A and Subsidiary Changes (2026-10-26): "Advanced"

Securing Stable Revenue Through Real Estate Leasing

First written in FY2016. 27 of 38 entries say "Advanced", first in FY2017-Q1. Latest entry: 2026-10-26.

38entries
11years
3from disclosures
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How it moved
ProgressHeldSoftenedWorseAdvancedFY2020-Q1 – FY2022-Q3AdvancedFY2023-Q2 – FY20252016: 320162017: 420172018: 420182019: 420192020: 420202021: 420212022: 320222023: 420232024: 220242025: 220252026: 42026
Same theme, other companies
Building the real estate and rental housing business into a core earnings driverA theme 42 companies write about · 4 as a headwind · 39 as a tailwind

The whole theme swung hardest in 2025: 4 of 30 companies on the "Worse" side.

17 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.
Showing 14 of the 42 companies compared. The sentences above are computed from all 42.
Full recordFilings, disclosures and news, newest first
  1. 2026-10-26AdvancedM&A and Subsidiary Changes

    「当社は、債務弁済資金の確保及び財務基盤の強化を図るため、当社所有不動産を売却するものです。」

    不動産を売却して資金繰り改善と弁済に充てる方針について、対象物件の譲渡決定・契約締結まで具体的に進展している。
  2. FY2026ReframedAnnual report

    「The Group will sell real estate at appropriate prices, primarily properties that make a limited contribution to revenue and cash flow, and use the proceeds to repay debt under the rehabilitation plan and other arrangements, reduce interest payments, and improve the Group's overall cash management.」

    In addition to the traditional policy of holding and operating real estate as a source of stable revenue, the Group has shifted its focus toward selling low-contribution properties and using the proceeds to improve liquidity and fund repayments.
  3. FY2025AdvancedAnnual report

    「In the real estate business, with a focus on improving quality and efficiency and prioritizing the comfortable lives of tenants, we continued regular cleaning and maintenance of managed properties to improve occupancy and tenant retention rates. Revenue for the fiscal year was ¥922 million and segment profit was ¥498 million.」

    The Group continued regular cleaning and maintenance to improve occupancy and tenant retention rates, and disclosed full-year revenue of ¥922 million and segment profit of ¥498 million.
  4. FY2025-H1AdvancedAnnual report

    「In the real estate business, with a focus on improving quality and efficiency and prioritizing the comfortable lives of tenants, we continued regular cleaning and maintenance of managed properties to improve occupancy and tenant retention rates. Revenue for the fiscal year was ¥437 million, up 9.0% year on year, and segment profit was ¥232 million, up 10.6%.」

    The Group continued regular cleaning and maintenance to improve occupancy and tenant retention rates, and the real estate business delivered higher revenue and profit in the first half.
  5. FY2024AdvancedAnnual report

    「In the real estate business, with a focus on improving quality and efficiency and prioritizing the comfortable lives of tenants, we continued regular cleaning and maintenance of managed properties to improve occupancy and tenant retention rates. Revenue for the fiscal year was ¥869 million and segment profit was ¥476 million.」

    The Group continued regular cleaning and maintenance to improve occupancy and tenant retention rates, and disclosed full-year revenue of ¥869 million and segment profit of ¥476 million.
  6. FY2024-Q3AdvancedAnnual report

    「Demand from users remained generally firm in the real estate business. With a focus on improving quality and efficiency and prioritizing the comfortable lives of tenants, the Group strengthened regular cleaning and maintenance of managed properties. Revenue for the cumulative third quarter was ¥602 million, up 12.5% year on year, and segment profit was ¥308 million, up 28.6%.」

    The Group strengthened regular cleaning and maintenance, and the real estate business delivered higher revenue and profit for the cumulative third quarter, with revenue of ¥602 million and segment profit of ¥308 million.
  7. FY2024-Q2AdvancedAnnual report

    「With a focus on improving quality and efficiency and prioritizing the comfortable lives of tenants, the Group strengthened regular cleaning and maintenance of managed properties. Revenue for the cumulative second quarter was ¥401 million, up 14.8% year on year, and segment profit was ¥209 million, up 38.4%.」

    The Group strengthened regular cleaning and maintenance of managed properties, and the real estate business delivered first-half revenue of ¥401 million and segment profit of ¥209 million, both up year on year.
  8. FY2024-Q1AdvancedAnnual report

    「The Group is constructing new condominiums and recruiting tenants for tenant buildings and condominiums while closely monitoring market changes and taking appropriate action. Revenue for the cumulative first quarter was ¥194 million, up 13.3% year on year, and segment profit was ¥96 million, up 33.8%.」

    While proceeding with new condominium construction and tenant recruitment, the real estate business delivered higher revenue and profit in the first quarter.
  9. FY2023AdvancedAnnual report

    「Demand from users remained generally firm in the real estate business. With a focus on improving quality and efficiency and prioritizing the comfortable lives of tenants, the Group strengthened regular cleaning and maintenance of managed properties and worked to maintain and improve occupancy rates. Revenue for the fiscal year was ¥729 million and segment profit was ¥318 million.」

    The Group strengthened regular cleaning and maintenance to maintain and improve occupancy rates, and disclosed full-year revenue of ¥729 million and segment profit of ¥318 million.
  10. FY2023-Q3AdvancedAnnual report

    「The Group is developing new condominiums and recruiting tenants for tenant buildings and condominiums while closely monitoring market changes and taking appropriate action. Revenue for the cumulative third quarter was ¥535 million, up 3.9% year on year, and segment profit was ¥239 million, up 7.2%.」

    While developing new condominiums and recruiting tenants, the real estate business delivered higher revenue and profit for the cumulative third quarter.
  11. FY2023-Q2AdvancedAnnual report

    「The Group is developing new condominiums and recruiting tenants for tenant buildings and condominiums while closely monitoring market changes and taking appropriate action. Revenue for the cumulative second quarter was ¥349 million, up 2.2% year on year, and segment profit was ¥151 million, up 5.7%.」

    While developing new condominiums and recruiting tenants, the real estate business delivered higher revenue and profit in the first half.
  12. FY2023-Q1RestatedAnnual report

    「The Group is constructing new condominiums and recruiting tenants for tenant buildings and condominiums while closely monitoring market changes and taking appropriate action.」

    The Group continues to pursue stable real estate revenue through new condominium construction and tenant recruitment for existing properties.
  13. FY2022-Q3AdvancedAnnual report

    「Revenue for the cumulative third quarter was ¥515 million, down 1.5% year on year, and segment profit was ¥223 million, up 8.3%.」

    The real estate business recorded lower revenue for the cumulative third quarter, while segment profit increased 8.3% year on year.
  14. FY2022-Q2AdvancedAnnual report

    「The Group is formulating investment plans for new condominium construction and other projects while closely monitoring market changes. Revenue for the cumulative second quarter was ¥341 million, down 2.4% year on year, and segment profit was ¥143 million, up 17.1%.」

    While continuing its investment plans, including new condominium construction, first-half segment profit rose 17.1% year on year, while revenue declined 2.4%.
  15. FY2022-Q1AdvancedAnnual report

    「The Group is constructing new condominiums and recruiting tenants for tenant buildings and condominiums while closely monitoring market changes and taking appropriate action. Revenue for the cumulative first quarter was ¥172 million, down 2.0% year on year, and segment profit was ¥80 million, up 16.3%.」

    While proceeding with new condominium construction and tenant recruitment, real estate segment profit increased 16.3% year on year in the first quarter.
  16. FY2021AdvancedAnnual report

    「Revenue for the fiscal year was ¥694 million, up 22.5% year on year, and segment profit was ¥277 million, up 33.3%.」

    The real estate business delivered higher revenue and profit for the fiscal year, improving performance toward securing stable revenue.
  17. FY2021-Q3AdvancedAnnual report

    「Revenue for the cumulative third quarter was ¥523 million, up 29.0% year on year, and segment profit was ¥206 million, up 17.6%.」

    Cumulative third-quarter real estate revenue and segment profit both exceeded the prior-year period, indicating improved performance toward securing stable revenue.
  18. FY2021-Q2AdvancedAnnual report

    「Revenue for the cumulative second quarter was ¥350 million, up 31.4% year on year, and segment profit was ¥122 million, up 27.5%.」

    First-half real estate revenue and segment profit both exceeded the prior-year period, indicating improved performance toward securing stable revenue.
  19. FY2021-Q1AdvancedAnnual report

    「In the real estate business, land prices have been rising against a backdrop of economic recovery, and the market has remained firm. The Group is constructing new condominiums and recruiting tenants for tenant buildings and condominiums while closely monitoring market changes and taking appropriate action. Revenue for the cumulative first quarter was ¥175 million, up 38.9% year on year, and segment profit was ¥68 million, up 40.0%.」

    The Group proceeded with new condominium construction and tenant recruitment, while first-quarter real estate revenue and segment profit exceeded the prior-year period.
  20. FY2020AdvancedAnnual report

    「In the real estate business, we are constructing new condominiums and recruiting tenants for tenant buildings and condominiums while closely monitoring market changes and taking appropriate action. Revenue for the fiscal year was ¥566 million, up 16.3% year on year, and segment profit was ¥208 million, up 53.6%.」

    The Group proceeded with new condominium construction and tenant recruitment, and full-year real estate revenue and segment profit exceeded the prior-year period.
  21. FY2020-Q3AdvancedAnnual report

    「Revenue for the cumulative third quarter was ¥405 million, up 10.0% year on year, and segment profit was ¥175 million, up 71.3%.」

    Cumulative third-quarter real estate revenue and segment profit exceeded the prior-year period, with segment profit up 71.3%.
  22. FY2020-Q2AdvancedAnnual report

    「Revenue for the cumulative second quarter was ¥266 million, up 13.0% year on year, and segment profit was ¥96 million, up 77.6%.」

    First-half real estate revenue and segment profit exceeded the prior-year period, indicating improved performance toward securing stable revenue.
  23. FY2020-Q1AdvancedAnnual report

    「Revenue for the cumulative first quarter was ¥126 million, up 4.1% year on year, and segment profit was ¥49 million, up 9.8%.」

    First-quarter real estate revenue and segment profit both exceeded the prior-year period, indicating improved performance toward securing stable revenue.
  24. FY2019RestatedAnnual report

    「In the real estate business, we will seek to secure stable earnings through the efficient operation of leased office buildings and apartment buildings.」

    The objective of securing stable revenue through the efficient operation of leased office buildings and condominiums is reaffirmed.
  25. FY2019-Q3RestatedAnnual report

    「The Group is recruiting tenants for tenant buildings and condominiums while closely monitoring market changes, and is formulating investment plans for new condominium construction and other projects.」

    The Group continues to formulate investment plans, including new condominium construction, while recruiting tenants for existing properties.
  26. FY2019-Q2RestatedAnnual report

    「The Group is recruiting tenants for tenant buildings and condominiums while closely monitoring market changes, and is formulating investment plans for new condominium construction and other projects.」

    The Group continues to pursue revenue from the real estate business through tenant recruitment and investment plans, including new condominium construction.
  27. FY2019-Q1AdvancedAnnual report

    「Revenue for the cumulative first quarter was ¥121 million, up 2.1% year on year, and segment profit was ¥44 million, up 51.0%.」

    First-quarter real estate revenue and segment profit exceeded the prior-year period, indicating improved performance toward securing stable revenue.
  28. FY2018AdvancedAnnual report

    「Revenue for the fiscal year was ¥479 million, up 42.2% year on year, and segment profit was ¥200 million, up 42.9%.」

    Full-year real estate revenue and segment profit exceeded the prior-year period, indicating improved performance toward securing stable revenue.
  29. FY2018-Q3AdvancedAnnual report

    「Revenue for the cumulative third quarter was ¥364 million, up 56.4% year on year, and segment profit was ¥138 million, up 44.0%.」

    Real estate revenue and segment profit for the cumulative third quarter exceeded the prior-year period, continuing the improvement toward securing stable revenue.
  30. FY2018-Q2AdvancedAnnual report

    「Revenue for the cumulative second quarter was ¥244 million, up 78.7% year on year, and segment profit was ¥75 million, up 43.8%.」

    First-half real estate revenue and segment profit exceeded the prior-year period, indicating improved performance toward securing stable revenue.
  31. FY2018-Q1RestatedAnnual report

    「Against this economic backdrop, our Group is opening new low-cost smartphone shops, recruiting tenants for tenant buildings and condominiums, and holding events at golf courses in an effort to secure revenue.」

    The Group is seeking to secure revenue, including from the real estate business, through measures such as recruiting tenants for tenant buildings and condominiums.
  32. FY2017AdvancedAnnual report

    「Revenue for the fiscal year was ¥337 million, up 39.0% year on year, and segment profit was ¥140 million, up 54.0%.」

    Real estate revenue and segment profit exceeded the prior-year period, indicating improved annual performance toward securing stable revenue.
  33. FY2017-Q3RestatedAnnual report

    「We are purchasing new tenant buildings through subsidiaries and recruiting tenants for existing tenant buildings and condominiums.」

    The Group is pursuing revenue from the real estate business by purchasing new properties and recruiting tenants for existing properties.
  34. FY2017-Q2RestatedAnnual report

    「Securing stable revenue from the real estate business」

    The traditional objective of operating the real estate business as a source of stable revenue continues to be stated for the quarter.
  35. FY2017-Q1AdvancedAnnual report

    「The acquisition is intended to strengthen our real estate business and secure stable revenue.」

    The Company resolved to acquire new real estate, involving the establishment of a subsidiary, to strengthen the real estate business and secure stable revenue.
  36. FY2016First statedAnnual report

    「In the real estate business, we will seek to secure stable earnings through the efficient operation of leased office buildings and apartment buildings.」

    Objective of operating the real estate business as a source of stable earnings.
Moved together

"Investment in and Redevelopment of Rental Properties" moved the same way as this thread, in the same document, in 13 of its 38 moves.

13119655★123456
  1. ★This thread
  2. 1Investment in and Redevelopment of Rental Properties13×
  3. 2Expanding Resort Business Revenue and Profit11×
  4. 3Increasing Customer Traffic, Improving Operating Efficiency and Upgrading Facilities9×
  5. 4Opening, Constructing and Refurbishing Carrier Shops6×
  6. 5Strengthening the Sales Platform and Improving Store Operating Efficiency5×
  7. 6Concentration of Trade Receivables with a Specific Major Customer5×

★ 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 Toshin Holdings yet. It last moved in the M&A and Subsidiary Changes of 2026-10-26: "Advanced".
News
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