Toei Company (9605) · InitiativeMitigated
Rent relief and payment deferrals for tenants during the pandemic
First written in FY2021-Q2. 1 of 2 entries say "Mitigated", first in FY2023. Latest entry: FY2023.
2entries
4years
0from disclosures
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Cost Relief Support for Business Partners and Tenants During the COVID-19 PandemicA theme 7 companies write about · 4 as a headwind · 3 as a tailwind
0 other companies' latest entry also says "Mitigated".
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- FY2023MitigatedAnnual report
「In the real estate leasing business, requests for rent reductions, mainly at commercial facilities, have begun to settle compared with the initial period, but rents have not yet entered an upward trend, and conditions remained generally challenging, particularly in regional areas.」
Stated that requests for rent reductions made to tenants during the infectious disease outbreak were beginning to settle, while rent levels and conditions in regional areas remained challenging. - FY2021-Q2First statedAnnual report
「In the real estate leasing business, as the spread of COVID-19 affected the operating environment of some tenants, we were compelled to provide rent reductions, revise rents and defer payments,」
For the first time, described specific measures taken in response to the deterioration in tenants' operating environment caused by the infectious disease, including rent reductions, rent revisions and payment deferrals.