Decline in building rental income due to tenant departures
First written in FY2016-Q3. 16 of 32 entries say "Restated". Latest entry: FY2026-H1.
The whole theme swung hardest in 2020: 4 of 11 companies on the "Worse" side.
5 other companies' latest entry also says "Restated".
- FY2026-H1RestatedAnnual report
「We worked to provide tenants and residents with safe, secure and comfortable spaces, and occupancy rates at our rental properties remained stable at near-full capacity.」
The company continues to state its policy of providing safe, secure and comfortable spaces, supported by near-full occupancy at its rental properties. - 2026-04-28RestatedEarnings
「The occupancy rate of our rental properties remained stable at nearly full occupancy.」
The company maintained a high occupancy rate, reaffirming stable earnings from its real estate business. - FY2025AdvancedAnnual report
「Occupancy of the rental properties remained nearly fully occupied and broadly stable. With rental income from ユーレジデンス西大井, acquired in November 2023, also contributing, operating revenue was ¥1,292 million, up ¥15 million from the previous fiscal year.」
High occupancy was maintained, and rental income from ユーレジデンス西大井 contributed to a ¥15 million increase in operating revenue from the real estate business compared with the previous fiscal year. - FY2025-H1RestatedAnnual report
「The company worked to provide tenants and residents with safe, secure and comfortable spaces. Occupancy of the owned properties remained nearly fully occupied and broadly stable. With rental income from ユーレジデンス西大井, acquired in November 2023, also contributing, operating revenue was ¥645 million, up ¥13 million year on year.」
The owned properties remained nearly fully occupied, and rental income from ユーレジデンス西大井 contributed to higher year-on-year revenue in the real estate business. - FY2024AdvancedAnnual report
「Occupancy of the owned properties remained nearly fully occupied and broadly stable. With rental income from ユーレジデンス西大井, acquired in November 2023, also contributing, operating revenue was ¥1,277 million, up ¥65 million from the previous fiscal year.」
High occupancy was maintained, and rental income from ユーレジデンス西大井, acquired in November 2023, contributed to ¥65 million of revenue growth in the real estate business from the previous fiscal year. - FY2024-Q2RestatedAnnual report
「Occupancy of the owned properties remained nearly fully occupied and broadly stable. With rental income from ユーレジデンス西大井, acquired in November 2023, also contributing, operating revenue was ¥632 million, up ¥24 million year on year.」
High occupancy was maintained, and rental income from ユーレジデンス西大井, acquired in November 2023, contributed to ¥24 million of year-on-year revenue growth in the real estate business. - FY2024-Q1AdvancedAnnual report
「Occupancy of the owned properties remained nearly fully occupied and broadly stable. With rental income from ユーレジデンス西大井, acquired in November 2023, also contributing, operating revenue was ¥315 million, up ¥13 million year on year.」
High occupancy was maintained, while ユーレジデンス西大井, acquired in November 2023, contributed to rental income, resulting in ¥13 million of year-on-year revenue growth in the real estate business. - FY2023-Q3High occupancy maintained, real estate revenue increasedAnnual report
「Occupancy of the owned properties remained nearly fully occupied and broadly stable. Operating revenue was ¥909 million, up ¥5 million year on year.」
The owned properties remained nearly fully occupied, and operating revenue from the real estate business increased by ¥5 million year on year. - FY2023-Q2RestatedAnnual report
「Occupancy of the owned properties remained nearly fully occupied and broadly stable. Operating revenue was ¥607 million, up ¥4 million year on year.」
The owned properties remained nearly fully occupied, and operating revenue from the real estate business increased year on year. - FY2023-Q1RestatedAnnual report
「Occupancy of the owned properties remained nearly fully occupied and broadly stable. Operating revenue was ¥302 million, up ¥1 million year on year.」
The owned properties remained nearly fully occupied, and operating revenue from the real estate business increased by ¥1 million year on year. - FY2022-Q3RestatedAnnual report
「Occupancy of the owned properties remained nearly fully occupied and broadly stable. Operating revenue was ¥903 million, up ¥5 million year on year, partly reflecting the impact of adopting the accounting standard for revenue recognition.」
The owned properties remained nearly fully occupied, and the real estate business generated ¥5 million more revenue year on year, including the impact of adopting the accounting standard for revenue recognition. - FY2022-Q1Revenue increased with high occupancy maintained, including the impact of adopting the accounting standardAnnual report
「Occupancy of the owned properties remained nearly fully occupied and broadly stable. Operating revenue was ¥301 million, up ¥3 million year on year, partly reflecting the impact of adopting the accounting standards for revenue recognition and other standards.」
The owned properties remained nearly fully occupied, and the real estate business generated higher revenue year on year, including the impact of adopting the accounting standards for revenue recognition and other standards. - FY2021RestatedAnnual report
「Occupancy of the rental office buildings remained nearly fully occupied and broadly stable, and rental income from the new rental residence acquired in the previous fiscal year also contributed. However, operating revenue was ¥1,210 million, down ¥166 million from the previous fiscal year, mainly due to a decline in rental income from the 新宿ホウライビル following termination of its master lease in the previous fiscal year.」
Although high occupancy and the new residence contributed, rental income continued to decline following termination of the master lease for the 新宿ホウライビル. - FY2021-Q3RestatedAnnual report
「Occupancy of the rental office buildings remained nearly fully occupied and broadly stable, and rental income from the new rental residence acquired in the previous fiscal year also contributed. However, operating revenue was ¥898 million, down ¥187 million year on year, mainly due to a decline in rental income from the 新宿ホウライビル following termination of its master lease in the previous fiscal year.」
Although high occupancy and the new rental residence contributed, rental income continued to decline following termination of the master lease for the 新宿ホウライビル. - FY2021-Q2New residence contributed, but Shinjuku rental income continued to declineAnnual report
「Occupancy of the rental office buildings remained nearly fully occupied and broadly stable, and rental income from the new rental residence acquired in the previous fiscal year also contributed. However, operating revenue was ¥594 million, down ¥149 million year on year, mainly due to a decline in rental income from the 新宿ホウライビル following termination of its master lease in the previous fiscal year.」
Although high occupancy and the new rental residence contributed, the real estate business generated lower revenue due to a decline in rental income following termination of the master lease for the 新宿ホウライビル. - FY2021-Q1New residence contributed, but rental income at Shinjuku declinedAnnual report
「Occupancy of the rental office buildings remained nearly fully occupied and broadly stable, and rental income from the new rental residence acquired in the previous fiscal year also contributed. However, operating revenue was ¥298 million, down ¥70 million year on year, mainly due to a decline in rental income from the 新宿ホウライビル following termination of its master lease in the previous fiscal year.」
Although high occupancy and the new rental residence contributed, the real estate business generated lower revenue due to a decline in rental income from the 新宿ホウライビル following termination of its master lease. - FY2020New residence contributed, but rental income continued to declineAnnual report
「Occupancy of the rental office buildings remained nearly fully occupied and broadly stable, and the acquisition of a new rental residence also contributed. However, operating revenue was ¥1,377 million, down ¥124 million from the previous fiscal year, mainly due to declines in rental income from the 新宿ホウライビル, following termination of its master lease, and from the 銀座ホウライビル, which was sold in the previous fiscal year.」
Although high occupancy and the acquisition of a new rental residence contributed, rental income continued to decline following termination of the master lease and the sale of the 銀座ホウライビル. - FY2020-Q3Impact of terminating the master lease and acquiring a new residential propertyAnnual report
「Occupancy of the rental properties remained nearly fully occupied and broadly stable, and the acquisition of a new rental residence also contributed. However, operating revenue was ¥1,085 million, down ¥40 million year on year, mainly due to declines in rental income from the 新宿ホウライビル, following termination of its master lease, and from the 銀座ホウライビル, which was sold in the previous fiscal year.」
Although high occupancy and the acquisition of a new rental residence contributed, the termination of the master lease for the 新宿ホウライビル and the decline in rental income following the sale of the 銀座ホウライビル reduced revenue in the real estate business. - FY2020-Q2RestatedAnnual report
「Occupancy of the rental properties remained nearly fully occupied and broadly stable, but operating revenue was ¥743 million, down ¥25 million year on year, mainly due to a decline in rental income from the 銀座ホウライビル, which was sold in the previous fiscal year.」
Although high occupancy has been maintained, the decline in rental income following the sale of the 銀座ホウライビル continues to weigh on revenue in the real estate business. - FY2019-Q3RestatedAnnual report
「Operating revenue was ¥1,126 million, down ¥41 million year on year, mainly due to a decline in rental income following the sale of the 銀座ホウライビル.」
The decline in rental income following the sale of the 銀座ホウライビル continues to weigh on revenue in the real estate business. - FY2019-Q2Rental income declined following the sale of the 銀座ホウライビルAnnual report
「Operating revenue was ¥769 million, down ¥10 million year on year, mainly due to a decline in rental income following the sale of the 銀座ホウライビル.」
In addition to the existing effects of tenant changes and rent revisions, the decline in rental income following the sale of the 銀座ホウライビル reduced revenue in the real estate business. - FY2019-Q1High occupancy maintained, revenue flatAnnual report
「Occupancy across the rental buildings remained nearly fully occupied and broadly stable, and operating revenue was ¥391 million, unchanged year on year.」
Although high occupancy across the rental buildings was maintained, operating revenue from the real estate business was broadly unchanged year on year. - FY2018Recovery to full-year revenue growthAnnual report
「Occupancy across the rental buildings remained nearly fully occupied and broadly stable. Operating revenue was ¥1,562 million, up ¥6 million from the previous fiscal year, mainly because the さくら堀留ビル, which had been partially vacant in the previous fiscal year, operated at full occupancy throughout the year and generated higher revenue.」
With the さくら堀留ビル operating at full occupancy throughout the year, the real estate business shifted from a period of declining rental income to full-year revenue growth. - FY2018-Q3RestatedAnnual report
「Occupancy across the rental buildings remained nearly fully occupied and broadly stable. Operating revenue was ¥1,168 million, up ¥7 million year on year, mainly because rental income from the さくら堀留ビル increased, supported by tenants that moved in during the previous fiscal year.」
High occupancy was maintained, and rental income from tenants that moved in during the previous fiscal year contributed to higher revenue at the さくら堀留ビル. - FY2018-Q2RestatedAnnual report
「Occupancy across the rental buildings remained nearly fully occupied and broadly stable. Operating revenue was ¥779 million, up ¥6 million year on year, mainly because rental income from the さくら堀留ビル increased, supported by tenants that moved in during the previous fiscal year.」
High occupancy was maintained, and rental income from tenants that moved in during the previous fiscal year contributed to higher revenue at the さくら堀留ビル. - FY2018-Q1Rental income increased with the replacement tenant's contributionAnnual report
「Operating revenue was ¥391 million, up ¥4 million year on year, mainly because rental income from the さくら堀留ビル increased following the move-in of the replacement tenant in the previous fiscal year.」
At the さくら堀留ビル, the replacement tenant's move-in contributed to higher rental income, increasing real estate operating revenue year on year. - FY2017RestatedAnnual report
「Occupancy across the rental buildings remained nearly fully occupied and broadly stable. Operating revenue was ¥1,556 million, down ¥29 million from the previous fiscal year, as the increase in lease income from the 千本松地区 solar power plant site following the facilities' full-scale operation was more than offset by a substantial decline in rental income from the 新宿ホウライビル following partial rent revisions.」
Although high occupancy has been maintained, rental income from the 新宿ホウライビル continues to decline following partial rent revisions. - FY2017-Q3RestatedAnnual report
「The replacement tenant moved into the さくら堀留ビル after its major tenant vacated in the previous fiscal year, keeping occupancy across the rental buildings at a high level. However, operating revenue was ¥1,160 million, down ¥53 million year on year, due to lower rental rates following the tenant change and a decline in rental income resulting from partial rent revisions at the 新宿ホウライビル.」
Although occupancy has remained high since the replacement tenant moved in, rental income continues to decline due to the tenant change and rent revisions at the 新宿ホウライビル. - FY2017-Q2High occupancy maintained, but rents continue to declineAnnual report
「The replacement tenant moved into the さくら堀留ビル, whose major tenant had vacated in the previous fiscal year, and occupancy across the rental buildings remained high. However, rental income declined due to lower rental rates following the tenant change, as well as partial rent revisions at the 新宿ホウライビル.」
Although high occupancy has been maintained since the replacement tenant moved in, rental income continues to decline due to the tenant change and rent revisions at the 新宿ホウライビル. - FY2017-Q1Replacement tenant moved in and occupancy recoveredAnnual report
「The replacement tenant moved into the さくら堀留ビル, whose major tenant had vacated in the previous fiscal year, and occupancy across the rental buildings recovered to a high level. However, operating revenue was ¥387 million, down ¥33 million year on year, as rental rates declined following the tenant change.」
Although the replacement tenant moved in and occupancy recovered to a high level after the departure of the major tenant, real estate operating revenue declined as rental rates fell following the tenant change. - FY2016RestatedAnnual report
「A major tenant vacated the さくら堀留ビル, and the replacement tenant's material contribution to rental income began in the following fiscal year, resulting in a year-on-year decline in building rental income.」
The disclosure describes a decline in building rental income following the departure of a major tenant, with the replacement tenant's contribution to earnings beginning in the following fiscal year and thereafter. - FY2016-Q3First statedAnnual report
「The decline in building rental income, primarily due to tenants vacating the さくら堀留ビル, was not fully offset.」
The company explained that building rental income declined following tenant departures and could not be offset by solar power plant site lease income.