Addressing Financial Risk through Real Estate Securitization and Fixed-Rate Funding
First written in FY2018. 9 of 19 entries say "Restated". Latest entry: 2026-05-29.
The whole theme swung hardest in 2026: 2 of 9 companies on the "Worse" side.
0 other companies' latest entry also says "Advanced".
- FY2024AdvancedAnnual report
「Liabilities at the end of the consolidated fiscal year amounted to ¥184,317 million, a decrease of ¥13,411 million from the end of the previous consolidated fiscal year. The main factors were decreases in bonds and long-term borrowings.」
Repayment of bonds and long-term borrowings progressed, reducing liabilities by ¥13.4 billion from the end of the previous fiscal year. The policy of reducing reliance on interest-bearing debt through real estate securitization also continues. - FY2023RestatedAnnual report
「The Group finances its business operations through internally generated funds as well as borrowings from financial institutions and other sources. At the same time, it is working to reduce its reliance on interest-bearing debt by using methods such as selling some of its properties to investors as properties managed and operated by the company under lease agreements.」
The company continues to pursue a policy of financing through internally generated funds, borrowings and other sources, while reducing its reliance on interest-bearing debt through real estate securitization. - FY2022AdvancedAnnual report
「In addition, the company is working to strengthen its financial position by executing real estate securitizations and using support programs such as employment adjustment subsidies,」
The company states that it executed a real estate securitization during the fiscal year and worked to strengthen its financial position by using employment adjustment subsidies and other programs. - FY2022-Q3RestatedAnnual report
「Although the outlook remains uncertain as the number of COVID-19 cases has recently begun to rise again, the group will continue working together to restore business performance, including by promoting its real estate securitisation business.」
The company continues to pursue a policy of working to restore performance by promoting such initiatives as its real estate securitization business, even amid uncertainty caused by the rising number of infections. - FY2022-Q2AdvancedAnnual report
「In the development business, revenue was ¥9,101 million, up 16.8% year on year, and operating profit was ¥633 million, up 121.6%, due partly to the implementation of real estate securitisation.」
Real estate securitisation contributed to higher revenue and profit in the Development business, and operating profit rose 121.6% year on year. - FY2021AdvancedAnnual report
「In addition, the company secured funds for the next 3 fiscal years as follows. <資金調達> ・¥10 billion in long-term borrowings from Development Bank of Japan ・Approximately ¥30 billion through the issuance of euro-yen convertible bonds with stock acquisition rights ・¥62 billion under a commitment-type syndicated loan agreement」
In addition to its existing real estate securitisation and fixed-rate financing, the company secured long-term borrowings, convertible bonds and a commitment-type syndicated loan to fund the next 3 fiscal years. - FY2021-Q3RestatedAnnual report
「Although the company has recently been affected to some extent by the reissuance of a state of emergency declaration for the COVID-19 pandemic and other factors, it is thoroughly implementing infection-prevention measures and steadily securing the funds it expects to need.」
The company continues its policy of thoroughly implementing infection-prevention measures and securing necessary funds while being affected by the resurgence of infections. - FY2021-Q1No real estate securitisation was conducted during the quarterAnnual report
「Operating profit was ¥155 million, down 20.2% year on year, mainly because no real estate securitisation was conducted during the fiscal year.」
Although gains from real estate securitisation had continued to contribute, no securitisation was conducted in the first quarter of the current fiscal year, resulting in a decline in operating profit in the Development business. - FY2020RestatedAnnual report
「The company is working to reduce its dependence on interest-bearing debt by using methods such as selling some company-owned properties to investors as properties operated and managed by the company under lease agreements. Fixed-rate financing accounted for 90.9% at the end of the fiscal year ended March 2020, limiting the short-term impact during periods of rising interest rates.」
The company continues to reduce its dependence on interest-bearing debt through real estate securitisation and address interest-rate risk through fixed-rate financing. - FY2020-Q3RestatedAnnual report
「In the development business, revenue was ¥15,899 million, up 13.5% year on year, due partly to progress in development and the implementation of real estate securitisation. Operating profit, however, was ¥1,104 million, down 31.1%, due to a decline in development profit from real estate securitisation.」
Although real estate securitisation continued, development gains from securitisation declined on a cumulative basis for the quarter. - FY2020-Q2RestatedAnnual report
「As for profit, although the company incurred opening preparation costs, large-scale renovation costs to improve customer satisfaction and other expenses, it also recorded gains from real estate securitisation, as in the previous fiscal year」
As in the previous fiscal year, the company cited gains from real estate securitisation as a factor that absorbed opening preparation costs, renovation costs and other expenses. - FY2020-Q1RestatedAnnual report
「Although the company incurred opening preparation costs, large-scale renovation costs to improve customer satisfaction and other expenses, it also recorded gains from real estate securitisation」
The company continues to disclose the contribution of gains from real estate securitisation. - FY2019RestatedAnnual report
「The company is working to reduce its dependence on interest-bearing debt by using methods such as selling some company-owned properties to investors as properties operated and managed by the company under lease agreements. Fixed-rate financing accounted for 89.5% at the end of the fiscal year ended March 2019, limiting the short-term impact during periods of rising interest rates.」
The company continues to address financial risk through real estate securitisation and fixed-rate financing. The fixed-rate financing ratio fell from 90.9% in the previous fiscal year to 89.5%. - FY2019-Q3RestatedAnnual report
「Revenue in the Development business declined due to delays in construction projects and other factors, but profit increased substantially due to real estate securitisation and other activities.」
The company continues to disclose gains secured through real estate securitisation and other activities as a major factor behind the substantial increase in profit in the Development business. - FY2019-Q2AdvancedAnnual report
「In the development business, revenue declined as construction projects decreased, but profit increased significantly due to real estate securitisation and other factors. As a result, revenue was ¥9,732 million, down 8.8% year on year, and operating profit was ¥1,046 million, up 164.8%.」
The company stated that gains from real estate securitisation and other activities contributed to a substantial increase in profit in the Development business. - FY2018First statedAnnual report
「The company is working to reduce its dependence on interest-bearing debt by using methods such as selling some company-owned properties to investors as properties operated and managed by the company under lease agreements. During the fiscal year, it entered into a basic agreement with Sumitomo Mitsui Finance & Leasing Co., Ltd. relating to a “master agreement for bridge lease transactions” involving approximately ¥65 billion in real estate securitisation. Fixed-rate financing accounted for 90.9% at the end of the fiscal year ended March 2018, limiting the short-term impact during periods of rising interest rates.」
The company disclosed measures to address interest-rate risk through lower dependence on interest-bearing debt via real estate securitisation, a basic agreement involving approximately ¥65 billion, and a 90.9% fixed-rate financing ratio.