Decline in highly profitable condominium development
First written in FY2018-Q1. 13 of 36 entries say "Advanced", first in FY2019-Q2. Latest entry: 2026-09-30.
Kyoritsu Maintenance moved to the "Worse" side of this theme in 2020, 2 years before the typical company in this theme (2022).
The whole theme swung hardest in 2020: 9 of 40 companies on the "Worse" side.
1 other company's latest entry also says "Cited as achieved".
- FY2026AdvancedAnnual report
「In the development business, revenue increased 333.2% year on year to ¥43,114 million and operating profit increased 353.1% to ¥3,048 million, owing to real estate securitization and an increase in development projects for student housing and hotels.」
Revenue and profit increased substantially due to real estate securitizations and an increase in dormitory and hotel development projects. - FY2026-H1AdvancedAnnual report
「In the development business, revenue was ¥5,380 million, up 58.2% year on year, and operating profit was ¥417 million, up 1,054.4%, due partly to the implementation of real estate securitisation and an increase in development projects.」
The development business reported significant increases in revenue and profit due to the implementation of real estate securitisation and an increase in development projects. - FY2025-H1AdvancedAnnual report
「In the development business, revenue was ¥3,400 million, up 450.1% year on year, and operating profit was ¥36 million, up 627.4%, due partly to an increase in development projects for dormitories and hotels and a substantial contribution from the real estate subdivision business.」
The development business reported significant increases in revenue and profit due to more dormitory and hotel development projects and the contribution of the real estate subdivision business. - FY2024AdvancedAnnual report
「In the development business, revenue was ¥3,623 million, up 100.5% from the previous fiscal year, and operating profit was ¥340 million, up 155.0%, due partly to an increase in new-build construction projects.」
The development business reported significant increases in revenue and profit due to an increase in new-build construction projects. - FY2024-Q2WorsenedAnnual report
「In the development business, revenue increased due to real estate sales, but was ¥618 million, up 5.6% year on year, while operating profit was ¥4 million, down 83.7%, due partly to a decrease in new-build construction projects.」
Revenue increased due to real estate sales, while operating profit declined 83.7% year on year due partly to a decrease in new-build construction projects. - FY2024-Q1WorsenedAnnual report
「In the development business, revenue was ¥143 million, down 47.7% year on year, due partly to a decrease in construction projects, while the business posted an operating loss of ¥41 million, compared with operating profit of ¥16 million in the previous fiscal year.」
Revenue declined significantly due to a decrease in construction projects, and the business shifted from operating profit to an operating loss. - FY2023WorsenedAnnual report
「In the development business, revenue was ¥1,807 million, down 95.6% from the previous fiscal year, and operating profit was ¥133 million, down 98.4%, due partly to the reactionary decline following real estate securitisation carried out in the previous fiscal year and a decrease in construction projects.」
The development business reported significant declines in revenue and profit due to the reactionary decline following real estate securitisation and a decrease in construction projects. - FY2023-Q3WorsenedAnnual report
「In the development business, revenue was ¥936 million, down 90.2% year on year, and operating profit was ¥97 million, down 85.0%, due partly to the reactionary decline following real estate securitisation carried out in the previous fiscal year and a decrease in construction projects.」
Revenue declined 90.2% and operating profit declined 85.0% due to the reactionary decline following real estate securitisation and a decrease in construction projects. - FY2023-Q2WorsenedAnnual report
「In the development business, revenue was ¥585 million, down 93.6% year on year, and operating profit was ¥30 million, down 95.2%, due partly to the reactionary decline following real estate securitisation carried out in the previous fiscal year and a decrease in construction projects.」
Revenue declined 93.6% and operating profit declined 95.2% due to the reactionary decline following real estate securitisation in the previous fiscal year and a decrease in construction projects. - FY2023-Q1WorsenedAnnual report
「In the development business, revenue was ¥274 million, down 85.5% year on year, and operating profit was ¥16 million, down 60.4%, due partly to a decrease in construction projects.」
Revenue declined 85.5% and operating profit declined 60.4% due to a decrease in construction projects. - FY2022AdvancedAnnual report
「In the development business, revenue was ¥40,661 million, up 222.5% from the previous fiscal year, and operating profit was ¥8,608 million, up 1,223.9%, due partly to the implementation of real estate securitisation.」
The development business reported significant increases in revenue and profit due partly to the implementation of real estate securitisation, with operating profit rising to ¥8,608 million. - FY2022-Q3AdvancedAnnual report
「In the development business, revenue was ¥9,558 million, up 6.3% year on year, and operating profit was ¥648 million, up 82.6%, due partly to the implementation of real estate securitisation.」
The development business reported higher revenue and profit due partly to the implementation of real estate securitisation, with operating profit up 82.6% year on year. - 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.」
The development business reported higher revenue and profit due partly to the implementation of real estate securitisation, with operating profit up 121.6% year on year. - FY2022-Q1WorsenedAnnual report
「In the development business, revenue was ¥1,884 million, down 57.3% year on year, and operating profit was ¥40 million, down 73.8%, due partly to a decrease in construction projects.」
Revenue declined 57.3% and operating profit declined 73.8% due to a decrease in construction projects. - FY2021WorsenedAnnual report
「In the development business, revenue was ¥12,610 million, down 24.5% from the previous fiscal year, and operating profit was ¥650 million, down 52.8%, due partly to the absence of real estate securitisation during the current fiscal year.」
Revenue declined 24.5% and operating profit declined 52.8% due partly to the absence of real estate securitisation. - FY2021-Q2WorsenedAnnual report
「In the development business, revenue was ¥7,793 million, down 33.5% year on year, and operating profit was ¥286 million, down 73.0%, due partly to the absence of real estate securitisation during the current fiscal year.」
Revenue declined 33.5% and operating profit declined 73.0% due partly to the absence of real estate securitisation. - FY2021-Q1ReframedAnnual report
「In the development business, revenue was ¥4,409 million, up 6.2% year on year, due partly to an increase in construction projects, but operating profit was ¥155 million, down 20.2%, because no real estate securitisation was carried out during the current fiscal year, among other factors.」
The structure changed from the previous explanation of higher profit due to fewer or delayed construction projects and real estate securitisation to higher revenue due to more construction projects and lower profit because no real estate securitisation was carried out. - FY2020WorsenedAnnual report
「In the development business, revenue was ¥16,703 million, up 5.4% from the previous fiscal year, due partly to progress in development and the implementation of real estate securitisation. Operating profit, however, was ¥1,376 million, down 27.8%, partly due to a decline in development profit from real estate securitisation compared with the previous fiscal year.」
Revenue increased due to progress in development and real estate securitisation, while operating profit declined due to lower development profit from real estate securitisation. - FY2020-Q3ReframedAnnual 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.」
The description changed from the previous explanation centred on fewer condominium development and construction projects to a structure in which revenue increased due to progress in development and real estate securitisation, while profit declined due to lower development profit from securitisation. - FY2020-Q2AdvancedAnnual report
「In the development business, revenue was ¥11,723 million, up 20.5% year on year, and operating profit was ¥1,061 million, up 1.4%, resulting in higher revenue and profit, due partly to progress in development and the implementation of real estate securitisation.」
The development business reported higher revenue and profit due to progress in development and the implementation of real estate securitisation. - FY2020-Q1AdvancedAnnual report
「In the development business, revenue was ¥4,149 million, up 19.4% year on year, and operating profit was ¥195 million, up 61.7%, resulting in higher revenue and profit, due partly to progress in development and the implementation of real estate securitisation.」
Revenue and operating profit both exceeded the previous year due to progress in development and the implementation of real estate securitisation. - FY2019RestatedAnnual report
「In the development business, revenue declined in the current fiscal year because some revenue was carried over to the next fiscal year due to shifts in the construction schedules of projects, while operating profit increased due to real estate securitisation carried out during the current fiscal year and an increase in high-margin design projects. As a result, revenue was ¥15,851 million, down 29.4% from the previous fiscal year, and operating profit was ¥1,906 million, up 70.6%.」
Revenue continued to decline due to shifts in construction schedules, while operating profit increased 70.6% due to real estate securitisation and an increase in high-margin design projects. - FY2019-Q3RestatedAnnual report
「In the development business, revenue declined due to delays in construction projects, but profit increased significantly due to real estate securitisation and other factors. As a result, revenue was ¥14,005 million, down 7.3% year on year, and operating profit was ¥1,603 million, up 162.8%.」
While revenue continued to decline due to delays in construction projects, profit increased significantly due to real estate securitisation and other factors. - 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%.」
Revenue continued to decline due to fewer construction projects, while operating profit increased 164.8% year on year due to real estate securitisation and other factors. - FY2019-Q1ReframedAnnual report
「In the development business, revenue declined as construction projects decreased, but profit increased due partly to an increase in high-margin design projects. As a result, revenue was ¥3,476 million, down 34.5% year on year, and operating profit was ¥120 million, up 51.7%.」
The description of performance factors changed from the previous explanation centred on a decline in condominium development to lower revenue and higher profit due to fewer construction projects and more high-margin design projects. - FY2018RestatedAnnual report
「In the development business, revenue declined due to a decrease in condominium development, but operating profit increased as a result of real estate securitisation and other factors. Revenue was ¥22,450 million, down 2.4% from the previous fiscal year, and operating profit was ¥1,117 million, up 18.0%.」
While the decline in condominium development remained a factor behind the full-year revenue decline, operating profit increased due to real estate securitisation and other factors. - FY2018-Q3RestatedAnnual report
「In the development business, revenue and profit declined due to a decrease in condominium development and delays in some hotel development projects, among other factors.」
The company continued to report the decline in condominium development. This time, delays in some hotel development projects were also cited as a factor behind lower revenue and profit. - FY2018-Q2RestatedAnnual report
「The development business reported higher revenue but lower profit as hotel development projects increased, while condominium development declined.」
The company continued to report lower profit resulting from a decline in condominium development. - FY2018-Q1First statedAnnual report
「In the development business, revenue increased but profit declined as relatively profitable condominium development decreased.」
Profit declined despite higher revenue as relatively profitable condominium development decreased.