Komori
Tokyo Theatres Company (9633) · TargetAdvanced

Established position as a mid-sized company through the renovation and resale of pre-owned condominiums

First written in FY2016. 20 of 41 entries say "Advanced", first in FY2017-Q1. Latest entry: 2026-11-11.

41entries
11years
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Same theme, other companies
Establishing a business base and market position in the refurbishment and resale of used condominiumsA theme 1 companies write about · 0 as a headwind · 1 as a tailwind

No other company in this theme has enough history to compare yet.

Full recordFilings, disclosures and news, newest first
  1. 2026-11-11AdvancedResults

    「当社グループにおきましては、市況の影響を受けづらい中低価格帯の物件を中心に物件販売件数が伸長し、当中間期は前年同期比で増収となりました。」

    中古マンション再生販売は、市況が悪化する中でも中低価格帯を中心に販売件数が伸長し、売上高5,702百万円、営業利益799百万円となった。
  2. FY2027-H1AdvancedAnnual report

    「According to the East Japan Real Estate Distribution Organization (East Japan REINS), in the Greater Tokyo used condominium market during the interim period, the number of transactions declined year on year and transaction prices began to fall from the July-September quarter. However, the Group increased the number of properties sold, mainly in the low-to-mid-priced segment, which is less susceptible to market conditions, resulting in higher revenue year on year during the interim period. As a result, revenue from the real estate-related business was ¥5,702 million, up 9.1% year on year, and operating profit was ¥799 million, up 10.1%.」

    Despite weakening transaction volumes and prices in the market, the Company increased sales volumes, mainly for low-to-mid-priced properties, resulting in higher revenue and profit in the real estate-related business.
  3. 2026-08-12AdvancedResults

    「当四半期は物件販売件数が大きく伸長し、前年同期比で大幅な増収となりました。」

    中古マンション再生販売について、物件販売件数の伸長により、不動産関連事業の売上高は前年同期比21.6%増、営業利益は同20.2%増となった。
  4. FY2026RaisedAnnual report

    「In the resale business for renovated used condominiums, the Company will reassess the “quality” of the business and establish a framework to consistently achieve annual purchases and sales of approximately 300 units through initiatives including improving product quality, shortening the operating cycle, developing brokerage capabilities as an ancillary business, and enhancing web marketing.」

    In addition to the existing policy of establishing a position as a mid-sized company, the Company explicitly set a target of consistently achieving approximately 300 purchases and sales annually through measures including improving quality, shortening the operating cycle, developing brokerage capabilities, and strengthening web marketing.
  5. FY2026-H1AdvancedAnnual report

    「The Group also achieved a substantial increase in units sold during the interim period, resulting in a substantial year-on-year increase in revenue. As a result, revenue in the real estate-related business was ¥5,227 million, up 13.6% year on year, and operating profit was ¥726 million, up 17.7%.」

    The substantial increase in units sold in the resale of renovated used condominiums lifted both revenue and operating profit in the real estate-related business above the year-earlier levels.
  6. FY2025AdvancedAnnual report

    「Against these market conditions, revenue increased year on year as expanded purchases through the web and growth in concluded transactions at the Kansai branch, which had been operating for 2 years, drove an increase in the total number of units sold.」

    Purchases through the web expanded, and the increase in concluded transactions at the Kansai branch, which had been operating for 2 years, lifted the number of units sold. Operating profit in the real estate-related business also increased from ¥1,015 million to ¥1,403 million.
  7. FY2024The number of units sold grew as the Kansai branch began full-scale operations, while margins declinedAnnual report

    「The business worked to shorten its operating cycle and carefully select purchases. The number of units sold grew as the Kansai branch opened in the fourth quarter of the previous fiscal year began full-scale operations, resulting in higher revenue year on year.」

    The Kansai branch began full-scale operations, increasing the number of units sold and revenue, while business margins declined as the Company prioritized inventory turnover.
  8. FY2024-Q3Higher sales and lower margins coincidedAnnual report

    「Against this backdrop, the Kansai branch opened in the fourth quarter of the previous fiscal year began sales activities, keeping the average selling price approximately at the year-earlier level, while the number of units sold increased and revenue rose year on year.」

    The number of units sold and revenue increased following the start of sales activities by the Kansai branch, while segment operating profit declined 19.0% year on year, indicating lower margins in the resale business for renovated used condominiums.
  9. FY2024-Q2AdvancedAnnual report

    「The number of concluded transactions in the used condominium market in the Tokyo metropolitan area in July-September 2023 exceeded the year-earlier level for the first time in 9 quarters, while concluded prices exceeded the year-earlier level for the 44th consecutive quarter since October-December 2012. Meanwhile, new listings increased by double digits year on year for the third consecutive quarter, and inventory levels were trending upward. Against this backdrop, the Kansai branch opened in the fourth quarter of the previous fiscal year began sales activities, keeping the average selling price approximately at the year-earlier level, while the number of units sold increased and revenue rose year on year.」

    The Kansai branch began sales activities, contributing to an increase in units sold and higher revenue. In the market, the number of concluded transactions exceeded the year-earlier level for the first time in 9 quarters, while inventory levels were trending upward.
  10. FY2024-Q1Prioritizing sales through inventory price adjustmentsAnnual report

    「The number of concluded transactions in the used condominium market in the Tokyo metropolitan area in April-June 2023 fell below the year-earlier level for the eighth consecutive quarter, while concluded prices rose 7.0% year on year and exceeded the year-earlier level for the 43rd consecutive quarter since October-December 2012. Against this backdrop, sales began to stagnate as market prices rose. The business adjusted inventory prices and prioritized sales, resulting in an increase in the number of units sold and higher revenue year on year despite a decline in the average selling price.」

    In the resale of renovated used condominiums, sales stagnated as market prices rose, prompting inventory price adjustments and a shift to prioritizing sales. The average selling price declined, but the number of units sold increased, resulting in higher revenue.
  11. FY2023AdvancedAnnual report

    「The resale business for renovated used condominiums strengthened direct purchases from individual customers and expanded its service area into the suburbs of the Tokyo metropolitan area. It also opened a Kansai branch and began full-scale sales activities in the Kansai region, centered on Osaka.」

    Direct purchases and the service area expanded, and sales activities in the Kansai region began through the Kansai branch opened in January 2023.
  12. FY2023-Q3RestatedAnnual report

    「In the resale of renovated used condominiums, the average selling price rose amid soaring market prices, while proactive sales activities also increased the number of units sold despite a decline in concluded transactions in the Tokyo metropolitan area, resulting in substantially higher revenue year on year.」

    Substantial revenue growth has continued, driven by higher average selling prices resulting from rising market prices and an increase in units sold through proactive sales activities.
  13. FY2023-Q2RestatedAnnual report

    「In the resale of renovated used condominiums, the average selling price rose amid soaring market prices, while proactive sales activities also increased the number of units sold despite a decline in concluded transactions in the Tokyo metropolitan area, resulting in substantially higher revenue year on year.」

    Substantial revenue growth has continued, driven by higher average selling prices resulting from rising market prices and an increase in units sold through proactive sales activities.
  14. FY2023-Q1AdvancedAnnual report

    「In the resale of renovated used condominiums, the average selling price rose amid soaring market prices, while the number of units sold also grew through proactive sales activities, including increased staffing, despite a decline in the number of concluded condominium sales in the Tokyo metropolitan area. As a result, revenue increased substantially year on year.」

    In addition to higher average selling prices driven by rising market prices, proactive sales activities, including increased staffing, lifted the number of units sold, resulting in substantially higher revenue from the resale business.
  15. FY2022AdvancedAnnual report

    「In the resale of renovated used condominiums, the Company will continue to make carefully selected purchases while accurately identifying customers' wishes to make homes and workspaces more comfortable and reflecting those needs in renovations.」

    Revenue and operating profit from the resale of renovated real estate increased as direct purchases from individuals grew, the service area expanded into the suburbs of the Tokyo metropolitan area, and customer needs were reflected in renovations.
  16. FY2022-Q3RestatedAnnual report

    「The resale of renovated used condominiums generated higher revenue year on year because a buoyant market lifted the average selling price despite a decline in the number of units sold.」

    In the resale of renovated used condominiums, the number of units sold declined, but higher average selling prices resulting from a buoyant market led to higher revenue.
  17. FY2022-Q2Higher revenue despite fewer units sold and higher selling pricesAnnual report

    「In addition to renovation orders recovering to pre-COVID levels, the resale of renovated used condominiums posted higher revenue year on year because rising market prices lifted the average selling price despite a decline in the number of units sold.」

    Unlike the increase in units sold in the previous quarter, the number of units sold declined in the current quarter, but higher average selling prices driven by rising market prices resulted in higher revenue.
  18. FY2022-Q1AdvancedAnnual report

    「In addition to the number of renovation orders recovering to pre-COVID levels, the resale of renovated used condominiums posted a substantial year-on-year increase in revenue because the number of units sold rose despite a decline in the average selling price.」

    Although the average selling price declined, the number of units sold increased, resulting in substantially higher year-on-year revenue from the resale of renovated used condominiums.
  19. FY2021Margin improvement amid declining revenueAnnual report

    「Excess demand in the used condominium market continues, keeping purchase prices high. The Company will therefore make purchases cautiously and reliably to secure revenue, while expanding purchases without brokerage firms to improve margins.」

    Although revenue from sales declined, the Company indicated a policy of improving margins by expanding direct purchases.
  20. FY2021-Q3Improved margins from increased direct purchases coincided with declining salesAnnual report

    「Revenue declined year on year because the number of units sold declined slightly and sales centered on lower-priced properties.」

    In the resale of renovated used condominiums, the number of units sold declined slightly and sales continued to center on lower-priced properties, resulting in continued revenue declines. Meanwhile, in the real estate sales business, direct purchases without brokerage firms increased and margins improved.
  21. FY2021-Q2The number of units sold began to recover in the second quarter, but revenue continued to declineAnnual report

    「Although the number of used condominiums sold turned higher in the second quarter after declining substantially in the first quarter, revenue declined year on year because sales centered on lower-priced properties.」

    The number of units sold turned higher in the second quarter after declining substantially in the first quarter, but sales centered on lower-priced properties and the year-on-year revenue decline continued.
  22. FY2021-Q1WorsenedAnnual report

    「The resale business for renovated used condominiums saw the number of units sold decline substantially because of the impact of requests to refrain from going out amid the spread of COVID-19, resulting in a substantial year-on-year decline in revenue.」

    The number of units sold in the resale of renovated used condominiums declined substantially because of requests to refrain from going out, resulting in a substantial revenue decline.
  23. FY2020-Q3WorsenedAnnual report

    「Revenue from the resale of renovated used condominiums declined year on year because the number of units sold failed to grow amid rising market prices and weaker consumer sentiment following the consumption tax rate increase.」

    The resale of renovated used condominiums saw the number of units sold fail to grow because of rising market prices and weaker consumer sentiment following the consumption tax rate increase, resulting in lower revenue year on year.
  24. FY2020-Q1AdvancedAnnual report

    「Revenue from the resale of renovated used condominiums increased substantially year on year as sales of properties in Tokyo remained strong, driving increases in both the number of units sold and selling prices.」

    The resale business for renovated used condominiums posted substantially higher revenue as both the number of units sold and selling prices rose.
  25. FY2019-Q3RestatedAnnual report

    「The resale of renovated used condominiums and other properties posted lower revenue year on year because the Company was unable to recover from the decline in revenue in the first quarter, which began with limited saleable inventory following strong sales in the fourth quarter of the previous fiscal year.」

    Revenue remained lower on a cumulative basis because the Company was unable to recover from the first-quarter decline caused by limited saleable inventory.
  26. FY2019-Q2WorsenedAnnual report

    「The resale of renovated used condominiums and other properties posted lower revenue year on year because the Company was unable to recover from the decline in revenue in the first quarter, which began with limited saleable inventory following strong sales in the fourth quarter of the previous fiscal year.」

    Revenue declined year on year in the first half as the Company was unable to recover from the first-quarter decline.
  27. FY2019-Q1WorsenedAnnual report

    「Revenue from the resale of renovated used condominiums and other properties declined substantially year on year because the Company began the fiscal year with limited saleable inventory after strong sales in the fourth quarter of the previous fiscal year.」

    The resale of renovated used condominiums saw revenue decline substantially year on year because strong sales in the fourth quarter of the previous fiscal year resulted in insufficient inventory.
  28. FY2018AdvancedAnnual report

    「In addition to its existing purchasing channels through brokerage firms and auction bidding, the used condominium renovation and resale business will seek to purchase properties directly from end users by attracting visitors to a newly launched website for the purchase and brokerage of older condominiums.」

    The Company has introduced a new means of strengthening purchasing activities: direct purchases from end users through a website, in addition to its existing channels.
  29. FY2018-Q3AdvancedAnnual report

    「Revenue from the resale of renovated used condominiums and other properties increased year on year as both the number of units sold and selling prices rose against a backdrop of growing demand for used condominiums.」

    The number of units sold and selling prices rose against a backdrop of growing demand for used condominiums, resulting in year-on-year revenue growth in the resale business.
  30. FY2018-Q2AdvancedAnnual report

    「Revenue from the resale of renovated used condominiums and other properties increased year on year as selling prices rose against a backdrop of growing demand for used condominiums.」

    Revenue increased against a backdrop of growing demand for used condominiums and higher selling prices, indicating progress in the resale business. However, operating profit in the real estate-related business declined year on year because of the expansion of the sales organization.
  31. FY2018-Q1WorsenedAnnual report

    「Sales of renovated used condominiums and other properties declined year on year because the number of units sold failed to grow amid intensifying competition.」

    The resale of renovated used condominiums saw the number of units sold fail to grow amid intensifying competition, resulting in lower revenue.
  32. FY2017RestatedAnnual report

    「The resale of renovated used condominiums and other properties will continue to expand its organizational capacity while strengthening purchasing activities in response to the diversification of the used condominium distribution market, with the aim of establishing a position as a mid-sized company in the industry.」

    The policy of establishing a position as a mid-sized company through expanded organizational capacity and stronger purchasing activities remains in place.
  33. FY2017-Q3RestatedAnnual report

    「Revenue increased substantially year on year because sales of renovated used condominiums and other properties grew substantially against a backdrop of low interest rates.」

    The resale of renovated used condominiums and other properties continues to drive revenue growth in the real estate sales business.
  34. FY2017-Q1AdvancedAnnual report

    「Revenue increased substantially year on year because the number of units sold in the resale of renovated used condominiums and other properties rose substantially against a backdrop of lower interest rates.」

    The results show that the number of units sold in the resale of renovated used condominiums and other properties increased substantially year on year, resulting in higher revenue.
  35. FY2016First statedAnnual report

    「The resale business for renovated used condominiums and other properties, which achieved its highest-ever number of purchases and sales since commencing operations in the current fiscal year, aims to establish a position as a mid-sized company in the industry by strengthening its purchasing activities through expanded organizational capacity and increased funding facilities.」

    Building on the current fiscal year's record-high results, the Company has set out to strengthen purchases by expanding its organizational capacity and increasing its funding facilities.
Moved together

"Dining & Bar Profitability Improvement Plan" moved the same way as this thread, in the same document, in 12 of its 39 moves.

121110997★123456
  1. ★This thread
  2. 1Dining & Bar Profitability Improvement Plan12×
  3. 2Expansion of orders for business generating recurring advertising revenue11×
  4. 3Share repurchase authorization: 1 million shares and ¥100 million10×
  5. 4Expansion of the Tokyo restaurant business using 5 acquired stores9×
  6. 5Expansion of the Prepared-Foods Business Through Off-Premises Sales9×
  7. 6Borrowing Dependence and Rising Interest Rate Risk7×

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