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Horai (9679) · FactRestated

Higher operating costs due to increased utilities expenses

First written in FY2023-Q1. 4 of 5 entries say "Restated". Latest entry: FY2026-H1.

5entries
4years
0from disclosures
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ProgressHeldSoftenedWorseRestatedFY2023-Q1 – FY2026-H12023: 320232024: 020242025: 120252026: 12026
Same theme, other companies
Lower profit from the real estate business due to surging utility costsA theme 2 companies write about · 2 as a headwind · 0 as a tailwind

0 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.
Full recordFilings, disclosures and news, newest first
  1. FY2026-H1RestatedAnnual report

    「Operating costs exceeded those in the same period of the previous year due in part to higher depreciation charges associated with the previous fiscal year’s upgrade to energy-efficient, environmentally friendly air-conditioning equipment」

    Continues to state that higher depreciation charges associated with upgrades to energy-efficient air-conditioning equipment are pushing up operating costs in the real estate business.
  2. FY2025-H1RestatedAnnual report

    「Operating costs exceeded those in the same period of the previous year due to upgrades in September 2024 to energy-efficient air-conditioning equipment to reduce environmental impact, while gross operating profit was ¥394 million, roughly unchanged year on year.」

    Reiterates that costs associated with upgrading to energy-efficient air-conditioning equipment pushed up operating costs in the real estate business.
  3. FY2023-Q3RestatedAnnual report

    「Operating costs exceeded those in the same period of the previous year due to higher utilities expenses and upgrades to energy-efficient air-conditioning equipment to reduce environmental impact, while gross operating profit was ¥555 million (a decrease of ¥3 million year on year).」

    In the real estate business, operating costs exceeded those in the same period of the previous year due to higher utilities expenses and upgrades to energy-efficient air-conditioning equipment, while gross operating profit decreased by ¥3 million year on year.
  4. FY2023-Q2RestatedAnnual report

    「営業原価は水道光熱費の増加に加え、省エネ型空調機器への更新等により前年同期を上回り、営業総利益は370百万円(前年同期比12百万円減)となりました。」

    States that utilities expenses continued to increase in the real estate business and that the cost of upgrading to energy-efficient air-conditioning equipment also pushed up operating costs.
  5. FY2023-Q1First statedAnnual report

    「Operating costs exceeded those in the same period of the previous year due to higher utilities expenses and other factors, while gross operating profit was ¥188 million, roughly unchanged year on year (a decrease of ¥0 million year on year).」

    States that operating costs in the real estate business exceeded those in the same period of the previous year due to higher utilities expenses and other factors.
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Horai's next results are scheduled for 2026-10-30. Read the earnings preview
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Higher operating costs due to increased utilities expenses | HORAI Co.,Ltd. (9679) | Komori