Declining Rental Revenue Due to Lower Rents and Higher Vacancy Rates
First written in FY2017. 17 of 32 entries say "Restated". Latest entry: FY2027-H1.
Kin-Ei Corp. moved to the "Worse" side of this theme in 2020, the same year as the typical company in this theme.
The whole theme swung hardest in 2020: 4 of 11 companies on the "Worse" side.
1 other company's latest entry also says "Materialised".
- FY2027-H1MaterialisedAnnual report
「The company worked to secure rental revenue, including by focusing on attracting replacement tenants for vacant units and revising rents at lease renewals and other times. However, due to the departure of a major tenant from Kineiei Apollo Building, total revenue for the entire division, including ancillary building operations such as parking and other businesses, was ¥1,021.966 million, and operating profit after deducting operating costs was ¥204.291 million.」
In connection with the risk of lower rental income due to lower rents and higher vacancy rates, a large tenant actually vacated its premises, and division revenue declined by 1.4% year on year. - FY2026-H1RestatedAnnual report
「During the interim accounting period, 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.」
The Company stated that there were no material changes in the risk of lower rental income due to lower rents and higher vacancy rates. - FY2025RestatedAnnual report
「The market for leased buildings may be affected by economic conditions and other factors, resulting in lower rents and higher vacancy rates at existing leased buildings and potentially reducing rental income. In addition, competition from stores at other facilities offering similar products and services in the operating areas of the Company's tenant stores may reduce tenants' sales and ultimately cause tenants to vacate their premises.」
The risks of lower tenant sales and tenant departures resulting from competition with other facilities continued to be disclosed in addition to the risks of lower rents and higher vacancy rates. - FY2025-H1RestatedAnnual report
「During the interim accounting period, 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.」
The Company stated that there were no material changes in the risk of lower rental income due to lower rents and higher vacancy rates. - FY2024-Q3RestatedAnnual report
「During the cumulative third 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.」
The Company stated that there were no material changes in the risk of lower rental income due to lower rents and higher vacancy rates. - FY2024-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.」
The Company stated that there were no material changes in the risk of lower rental income due to lower rents and higher vacancy rates. - FY2024-Q1RestatedAnnual report
「During the cumulative first 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.」
The Company stated that there were no material changes in the risk of lower rental income due to lower rents and higher vacancy rates. - FY2023MaterialisedAnnual report
「To address new vacancies and other effects arising from the prolonged impact of the infectious disease, the Company focused on attracting replacement tenants, including by carrying out refurbishment work in units vacated by tenants, and worked to secure revenue.」
New vacancies resulting from the prolonged impact of the infectious disease actually occurred, and the Company responded by attracting replacement tenants and refurbishing units. - FY2023-Q3RestatedAnnual report
「During the cumulative third 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.」
The Company stated that there were no material changes in the risk of lower rental income due to lower rents and higher vacancy rates. - FY2023-Q2MaterialisedAnnual report
「The Company focused on attracting replacement tenants for vacant units to secure rental income, but the occurrence of vacancies and rent reductions resulting from the spread of the novel coronavirus caused」
The occurrence of vacancies and rent reductions resulting from the spread of the infection also occurred during the quarter. - FY2023-Q1MaterialisedAnnual report
「In the real estate division, the occurrence of vacancies and other factors resulting from the spread of the infection caused total revenue for the entire segment to be ¥499.915 million, down 0.9% year on year」
Vacancies resulting from the spread of the infection continued to occur, and revenue from the real estate division declined year on year. - FY2022MaterialisedAnnual report
「In the real estate division, visitor numbers remained low amid the expansion of the novel coronavirus. The occurrence of vacancies and rent reductions resulted in total revenue for the entire division, including ancillary building businesses such as parking and other businesses, of ¥2,004.269 million, up 13.3% from the previous fiscal year. Operating profit after deducting operating costs was ¥454.416 million, down 7.5% from the previous fiscal year.」
Low visitor numbers, the occurrence of vacancies and rent reductions continued to occur, and division profit declined year on year. - FY2022-Q3MaterialisedAnnual report
「In the real estate division, visitor numbers remained low amid the expansion of the infection, and some stores were closed or operated for shorter hours. As a result, total revenue for the entire segment was ¥1,494.712 million, up 12.9% year on year, while segment profit after deducting operating costs was ¥367.235 million, down 1.5% year on year.」
Low visitor numbers, store closures and shorter operating hours resulting from the spread of the infection continued to occur, and segment profit declined year on year. - FY2022-Q2MaterialisedAnnual report
「Visitor numbers remained low amid the expansion of the novel coronavirus. Rent reductions to retain tenants and the occurrence of vacancies resulted in total revenue for the entire division, including ancillary building businesses such as parking and other businesses, of ¥997.978 million, up 13.0% year on year, including the impact of applying the revenue recognition accounting standard and related standards」
Low visitor numbers, rent reductions to retain tenants and the occurrence of vacancies actually continued during the quarter. Division revenue, including the impact of applying the accounting standards, increased by 13.0% year on year. - FY2021WorsenedAnnual report
「In the operating areas of the Company's tenant stores, competition from stores offering similar products and services may reduce tenants' sales and ultimately cause tenants to vacate their premises.」
In addition to the existing risks of lower rents and higher vacancy rates, the Company explicitly identified the risks of lower tenant sales and tenant departures resulting from competition with nearby stores. In actual results, vacancies occurred and rents were reduced. - FY2021-Q3MaterialisedAnnual report
「As voluntary restrictions on going out became widespread amid the spread of COVID-19, the number of visitors declined substantially. Rent reductions to retain tenants and the occurrence of vacancies resulted in total revenue for the segment, including ancillary building operations such as parking and other businesses, of ¥1,323.879 million, down 3.7% year on year.」
Rent reductions and the occurrence of vacancies resulting from the decline in visitors continued to occur, and revenue from the real estate division declined year on year. - FY2021-Q2MaterialisedAnnual report
「As requests to refrain from going out spread amid the expansion of the novel coronavirus, visitor numbers declined substantially. Rent reductions to retain tenants and the occurrence of vacancies resulted in total revenue for the entire division, including ancillary building businesses such as parking and other businesses, of ¥882.877 million, down 3.4% year on year」
The decline in visitors, rent reductions to retain tenants and the occurrence of vacancies resulting from requests to refrain from going out actually occurred, and revenue from the real estate division declined. - FY2021-Q1RestatedAnnual report
「During the cumulative first 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.」
The Company stated that there were no material changes in the risk of lower rental income due to lower rents and higher vacancy rates. - FY2020RestatedAnnual report
「In the real estate leasing business, if large tenant buildings are newly constructed one after another in Osaka City in the future, rents are expected to stagnate and vacancy rates to rise because of an oversupply of office space.」
The risk of stagnant rents and higher vacancy rates resulting from the construction of large tenant buildings in Osaka City continued to be disclosed. - 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.」
The Company stated that there were no material changes in the risk of lower rental income due to lower rents and higher vacancy rates. - 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.」
The Company stated that there were no material changes in the risk of lower rental income due to lower rents and higher vacancy rates. - 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.」
The Company stated that there were no material changes in the risk of lower rental income due to lower rents and higher vacancy rates. - FY2019RestatedAnnual report
「In the rental office building market, economic fluctuations and other factors may cause problems such as lower rents and higher vacancy rates at existing rental buildings, potentially reducing rental revenue.」
The risk of lower rental income due to lower rents and higher vacancy rates continued to be disclosed. - FY2019-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.」
The Company stated that there were no material changes in the risk of lower rental income due to lower rents and higher vacancy rates. - FY2019-Q2RestatedAnnual report
「During the cumulative second 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.」
The Company stated that there were no material changes in the risk of lower rental income due to lower rents and higher vacancy rates. - FY2019-Q1MaterialisedAnnual report
「Because vacancy periods arose in some units between tenant move-outs and move-ins, total revenue for the segment was ¥440.169 million, down 1.7% year on year」
Vacancy periods actually arose between tenant move-outs and move-ins, and revenue from the real estate leasing segment declined year on year. - FY2018WorsenedAnnual report
「In the real estate leasing business, if large tenant buildings are newly constructed one after another in Osaka City, an oversupply of office space is expected to cause rents to stagnate and vacancy rates to rise.」
The scenario of an oversupply of office space, stagnant rents and higher vacancy rates resulting from the construction of large tenant buildings in Osaka City was specifically described. - FY2018-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.」
The Company stated that there were no material changes in the risk of lower rental income due to lower rents and higher vacancy rates. - FY2018-Q2RestatedAnnual report
「During the cumulative second 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.」
The Company stated that there were no material changes in the risk of lower rental income due to lower rents and higher vacancy rates described in the previous fiscal year. - FY2017First statedAnnual report
「In the rental office building market, economic fluctuations and other factors may cause problems such as lower rents and higher vacancy rates at existing rental buildings, potentially reducing rental revenue.」
Identified lower rents and higher vacancy rates resulting from economic fluctuations as risks to rental revenue.