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Musashino Kogyo (9635) · InitiativeAdvancedLatest Financial results (2026-08-07): "Restated"

Securing a Stable Earnings Base Through Rental Property Maintenance

First written in FY2016. 22 of 31 entries say "Restated". Latest entry: 2026-08-07.

31entries
11years
2from disclosures
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How it moved
ProgressHeldSoftenedWorseRestatedFY2018-Q1 – FY2023RestatedFY2025-H1 – 2026-05-152016: 120162017: 420172018: 420182019: 320192020: 420202021: 320212022: 220222023: 320232024: 320242025: 120252026: 32026
Same theme, other companies
Maintaining Occupancy Rates for Owned Real EstateA theme 52 companies write about · 0 as a headwind · 59 as a tailwind

The whole theme swung hardest in 2022: 6 of 44 companies on the "Worse" side.

13 other companies' latest entry also says "Restated".

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 52 companies compared. The sentences above are computed from all 52.
Full recordFilings, disclosures and news, newest first
  1. 2026-08-07RestatedFinancial results

    「The real estate leasing segment remained solid as tenant revenue remained stable while the Company worked to maintain and manage major tenant buildings, including updating their equipment.」

    The Company reconfirmed its existing policy of updating equipment at major tenant buildings and maintaining stable tenant revenue.
  2. FY2026AdvancedAnnual report

    「In the real estate leasing segment, tenant income remained generally stable while the company worked on maintenance, including equipment upgrades at major tenant buildings, although repair expenses and other costs increased slightly.」

    Maintenance, including equipment upgrades at major tenant buildings, continued, and tenant income remained generally stable. Repair expenses and other costs, however, increased slightly.
  3. 2026-05-15RestatedFinancial results

    「In the real estate leasing segment, tenant revenue remained generally stable as we worked to maintain and manage our properties, including updating equipment at major tenant buildings, although repair expenses and other costs increased slightly.」

    The Company continues maintenance and management activities and reports stable tenant revenue.
  4. FY2026-H1RestatedAnnual report

    「In the real estate leasing segment, tenant income remained stable while the company worked on maintenance, including equipment upgrades at major tenant buildings.」

    Maintenance, including equipment upgrades at major tenant buildings, continued, and tenant income remained stable.
  5. FY2025-H1RestatedAnnual report

    「In the real estate leasing segment, tenant income remained stable. Although maintenance expenses, including ongoing equipment upgrades at major tenant buildings, continued to be incurred, the segment as a whole performed steadily.」

    The company continues to pursue a policy of operating the leasing segment steadily, while noting both stable tenant income and the ongoing maintenance expenses associated with equipment upgrades and other work.
  6. FY2024AdvancedAnnual report

    「During the consolidated fiscal year, the Real Estate Business Division carried out exterior wall repair work at Omiya Building, while the Driver Training Business Division purchased training vehicles and made other investments, for a total of ¥69 million.」

    After carrying out work including repairs to the exterior walls of the Omiya Building, total capital expenditure for the consolidated fiscal year was ¥69 million.
  7. FY2024-Q3AdvancedAnnual report

    「In the rental real estate business, tenant customer traffic has been trending upward following the reclassification of COVID-19 under Japan’s Class 5 infectious diseases, and tenant income has also begun to recover. Although maintenance costs, including equipment renewals at the main tenant building, continue to be incurred, the rental real estate business as a whole remained solid.」

    It states that tenant customer traffic has been trending upward and rental income has been recovering. Although maintenance costs continue to be incurred, the rental business remained solid.
  8. FY2024-Q2AdvancedAnnual report

    「Depreciation related to equipment renewals and other work at the main tenant building was reduced by scrutinizing the scope of work and carrying it out in stages. As a result, division-wide revenue was ¥286 million, up 4.7% year on year, and segment profit was ¥163 million, up 3.9%.」

    The company scrutinized the scope of equipment renewal work and carried it out in stages, reducing the work itself. Both revenue and segment profit in the Real Estate Division exceeded the same period of the previous year.
  9. FY2024-Q1AdvancedAnnual report

    「Depreciation related to equipment renewals and other work at the main tenant building was reduced by scrutinizing the scope of work and carrying it out in stages. As a result, division-wide revenue was ¥141 million, up 3.6% year on year, and segment profit was ¥79 million, up 3.8%.」

    The company scrutinized the scope of equipment renewal work and carried it out in stages, reducing the work itself. Revenue in the Real Estate Business increased 3.6% year on year, and segment profit increased 3.8%.
  10. FY2023RestatedAnnual report

    「In our property management operations, we will carefully address tenant needs, manage the safety of building fixtures and equipment, and manage and inspect disaster-prevention equipment, working to ensure and improve the safety of the buildings under management as a whole.」

    The company continues initiatives to maintain the safety and earnings base of rental properties by responding to tenant needs, managing the safety of building fixtures and equipment, and managing and inspecting disaster-prevention equipment.
  11. FY2022Disclosure of safety management and disaster-prevention inspectionsAnnual report

    「In our property management operations, we will carefully address tenant needs, manage the safety of building fixtures and equipment, and manage and inspect disaster-prevention equipment, working to ensure and improve the safety of the buildings under management as a whole.」

    In addition to securing stable earnings through conventional property management, the company specifically identified responding to tenant needs, managing the safety of building fixtures and equipment, and inspecting disaster-prevention equipment as management initiatives.
  12. FY2022-Q3RestatedAnnual report

    「We will further intensify communication with contractors and customers and carry out property management while paying close attention to cash-flow planning for large-scale repairs and other work at the tenant building, thereby continuing to secure stable earnings.」

    The company continues initiatives to maintain rental earnings through communication with contractors and customers, repair-funding plans, and property management.
  13. FY2022-Q2RestatedAnnual report

    「As the spread of COVID-19 has had a significant impact on the business conditions of tenant companies and other matters, we will intensify communication, information exchange and sharing with tenants, focus on maintaining a sound leasing environment based on mutual trust, and work to secure stable rental income.」

    The company continues initiatives to maintain a sound leasing environment and stable income during the pandemic by strengthening communication and information sharing with tenants.
  14. FY2021RestatedAnnual report

    「We will intensify information exchange with contractors and peers, periodically review cash-flow plans for large-scale repairs and other work at the tenant building, and monitor trends in the rental market while carrying out property management, thereby continuing to secure stable earnings.」

    The company continues to secure stable earnings through property management combining information exchange, review of repair-funding plans, and monitoring of rental-market conditions.
  15. FY2021-Q3RestatedAnnual report

    「We will continue to exchange information with contractors and peers, periodically review cash-flow plans for large-scale repairs and other work at the tenant building, and monitor trends in the rental market while carrying out property management, thereby continuing to secure stable earnings.」

    The company continues initiatives to secure stable earnings through information exchange with contractors and peers, review of repair-funding plans, monitoring of rental-market conditions, and property management.
  16. FY2021-Q2RestatedAnnual report

    「We will continue to exchange information with contractors and peers and periodically review cash-flow plans for large-scale repairs and other work at the tenant building while carrying out property management, thereby continuing to secure stable earnings.」

    The company continues initiatives to secure stable earnings through information exchange with contractors and peers, review of repair-funding plans, and property management.
  17. FY2021-Q1RestatedAnnual report

    「Accordingly, we will further intensify communication with contractors and customers and carry out property management while paying close attention to cash-flow planning for large-scale repairs and other work at the tenant building, thereby continuing to secure stable earnings.」

    The company continues initiatives to secure rental earnings through coordination with contractors and customers, management of repair funds, and property management.
  18. FY2020RestatedAnnual report

    「Repair expenses and other costs were incurred for equipment renewal work related to the aging of the owned tenant building. As large-scale repairs and higher depreciation and other expenses related to the aging of owned rental and other real estate are expected going forward, we will pay closer attention than ever to coordination and communication with contractors and customers and carry out thorough property management to continue securing earnings.」

    The company continues its policy of securing earnings from rental properties requiring equipment renewal and repairs through property management, including coordination with contractors and customers.
  19. FY2020-Q3RestatedAnnual report

    「Accordingly, we will continue securing earnings by further strengthening coordination and communication with contractors and tenants, constantly monitoring conditions at the tenant building, and carrying out thorough property management.」

    The company continues initiatives to maintain rental earnings through coordination with contractors and tenants and property management.
  20. FY2020-Q2RestatedAnnual report

    「Accordingly, we intend to continue securing earnings by further strengthening coordination and communication with contractors and tenants, constantly monitoring conditions at the tenant building, and carrying out thorough property management.」

    The company continues initiatives to maintain rental earnings through coordination with contractors and tenants and property management.
  21. FY2020-Q1RestatedAnnual report

    「Accordingly, we will further strengthen coordination and communication with contractors and tenants, maintain a sufficient understanding of conditions at the tenant building, and continue thorough property management to maintain earnings.」

    The company continues initiatives to maintain rental earnings through coordination with contractors and tenants and property management.
  22. FY2019-Q3RestatedAnnual report

    「We will carefully coordinate and communicate with contractors and customers to enhance the value of income-producing properties, and secure stable earnings through thorough property management.」

    The company continues its policy of maintaining the value of income-producing properties and stable earnings through coordination with contractors and customers and property management.
  23. FY2019-Q2RestatedAnnual report

    「We will carefully coordinate and communicate with contractors and customers to enhance the value of income-producing properties, and secure stable earnings through thorough property management.」

    The company continues its policy of maintaining the value of income-producing properties and stable earnings through coordination with contractors and customers and property management.
  24. FY2019-Q1RestatedAnnual report

    「We will further strengthen coordination and communication with contractors and tenants and continue thorough property management to maintain and increase real estate earnings.」

    The company continues its policy of deepening coordination with contractors and tenants and maintaining and increasing real estate earnings through property management.
  25. FY2018RestatedAnnual report

    「We will carefully monitor the management conditions of owned rental and other real estate and the status of tenants, and will carry out thorough property management by deepening coordination and communication with contractors and tenants.」

    The company continues initiatives to maintain its earnings base through rental property management, repairs and capital investment, and coordination with tenants.
  26. FY2018-Q3RestatedAnnual report

    「The Real Estate Business is working to maintain earnings by carefully maintaining its rental properties,」

    The company continues initiatives to maintain rental real estate income through maintenance of rental properties.
  27. FY2018-Q2RestatedAnnual report

    「In the rental business, property management operations and leasing conditions at the main tenant building remained largely unchanged, while operating performance remained solid.」

    The company continues operations aimed at maintaining stable property management and leasing conditions at the main tenant building.
  28. FY2018-Q1RestatedAnnual report

    「Occupancy and management conditions at the tenant building remained generally stable, and operating performance in the rental business exceeded the same period of the previous year.」

    It states that occupancy and management conditions at the tenant building remained generally stable and that operating performance in the rental business exceeded the same period of the previous year.
  29. FY2017AdvancedAnnual report

    「The main increase during the consolidated fiscal year was ¥91.4 million in building fixtures and equipment at the commercial tenant building, while the main decrease was ¥25.626 million in depreciation.」

    The company invested ¥91.4 million in building fixtures and equipment at the commercial tenant building, advancing the maintenance and renewal of the rental property.
  30. FY2017-Q3AdvancedAnnual report

    「The Real Estate Business carried out capital investment and repairs as necessary to maintain and enhance the asset value of its main tenant building.」

    Capital investment and repairs were carried out at the main tenant building to maintain and enhance its asset value.
  31. FY2016First statedAnnual report

    「The Real Estate Business Division will continue working steadily to secure a stable earnings base by maintaining and managing rental properties, carrying out repairs as necessary, and enhancing facilities that provide additional value.」

    The company identifies rental real estate as its earnings base and aims to ensure stability through maintenance, repairs and facility enhancements.
Moved together

"Entry into film distribution through in-house acquisitions" moved the same way as this thread, in the same document, in 7 of its 31 moves.

755544★123456
  1. ★This thread
  2. 1Entry into film distribution through in-house acquisitions7×
  3. 2Effective Use of Assets Centered on Real Estate5×
  4. 3Maintenance and Renewal Investment in Owned Assets and Facilities5×
  5. 4Guarantees of Indebtedness for Non-Consolidated Companies5×
  6. 5Improved performance at contracted restaurants and in residential building materials sales4×
  7. 6Risks Related to Continued Tenant Occupancy, Property Aging and Natural Disasters4×

★ 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 Musashino Kogyo yet. It last moved in the Financial results of 2026-08-07: "Restated".
News
No news is linked to this thread yet. When an article touches it, it will appear here by date.
Securing a Stable Earnings Base Through Rental Property Maintenance | Musashino Kogyo Co.,Ltd. (9635) | Komori