Reduction in signboard display fee revenue due to the removal of signboards for seismic retrofitting work
First written in FY2019-Q2. 3 of 6 entries say "Restated". Latest entry: FY2020.
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- FY2020DroppedAnnual report
「The seismic retrofit work at the Apollo Building was completed in January of the previous year.」
The risk of sign removal and lower sign-display fee revenue associated with the seismic retrofit work, disclosed in the previous fiscal year, is not disclosed separately in this filing. - FY2020-Q3RestatedAnnual report
「During the cumulative third quarter, there were no material changes in unusual fluctuations in the financial position, operating results or cash flow position, or in the business risks described in the securities report for the previous fiscal year.」
Stated that there had been no material change in the risk of lower sign-display fee revenue due to the removal of signs in connection with the seismic retrofit work. - FY2020-Q2RestatedAnnual report
「During the cumulative second quarter, there were no newly arising business risks. There were also no material changes in the business risks described in the securities report for the previous fiscal year.」
Stated that there had been no material change in the risk of lower sign-display fee revenue due to the removal of signs in connection with the seismic retrofit work. - FY2020-Q1RestatedAnnual report
「During the cumulative first quarter, there were no material changes in unusual fluctuations in the financial position, operating results or cash flow position, or in the business risks described in the securities report for the previous fiscal year.」
Stated that there had been no material change in the risk of lower sign-display fee revenue due to the removal of signs in connection with the seismic retrofit work. - FY2019-Q3MaterialisedAnnual report
「However, due to the impact of the seismic retrofit work at the Apollo Building, the projecting signs on the building's exterior walls were temporarily removed, resulting in lower sign-display fee revenue. Consequently, total revenue for the entire segment, including building-related businesses such as parking and other businesses, was ¥1,336,954 thousand, down 0.6% year on year, while segment profit was ¥324,497 thousand, down 1.2% year on year.」
The removal of signs in connection with the seismic retrofit work reduced sign-display fee revenue, resulting in lower revenue and profit for the real estate segment year on year. - FY2019-Q2First statedAnnual report
「As the seismic reinforcement work at Apollo Building progressed, projecting signs on the building's exterior walls were temporarily removed, reducing signage rental revenue. As a result, total revenue for the entire segment, including parking and other ancillary building businesses and other operations, declined 1.4% year on year to ¥884,531 thousand, and segment profit after deducting operating costs was ¥216,695 thousand, down 2.2%.」
Reported that temporary sign removal during seismic reinforcement work reduced signage rental revenue, segment revenue and segment profit.