Expansion of the Real Estate Business
First written in FY2016. 18 of 34 entries say "Advanced", first in FY2017-Q1. Latest entry: 2026-07-31.
The whole theme swung hardest in 2025: 4 of 31 companies on the "Worse" side.
18 other companies' latest entry also says "Advanced".
- 2026-07-31AdvancedEarnings
「戦略的投資の一環として2026年６月に不動産収益物件を１件購入しております。」
不動産収益物件を取得し、不動産事業の収益基盤拡大を進めた。 - FY2026Lower revenue and profit due to weak sales and brokerage operationsAnnual report
「In the real estate business, the rental division remained broadly stable despite the sale of one income-producing apartment building at the end of the previous fiscal year. However, the sales and brokerage divisions were sluggish, resulting in lower revenue and profit for the real estate business overall. As a result, real estate revenue was ¥491 million, down ¥1,286 million, or 72.4%, from the previous fiscal year, and segment profit was ¥178 million, down ¥162 million, or 47.8%.」
The rental division remained broadly stable, but weak sales and brokerage operations resulted in a 72.4% decline in revenue and a 47.8% decline in segment profit. - FY2026-H1Lower revenue and profit due to the absence of a large brokerage transactionAnnual report
「In the real estate business, the rental division continued to perform steadily, but revenue and profit declined because there were no large real estate brokerage transactions. As a result, real estate revenue, excluding intersegment sales or transfers, was ¥252 million, down ¥253 million, or 50.2%, from the previous interim consolidated accounting period, and segment profit was ¥90 million, down ¥55 million.」
The rental division remained stable, but the absence of a large brokerage transaction resulted in a 50.2% decline in real estate revenue and a ¥55 million decline in segment profit. - FY2025-H1AdvancedAnnual report
「In the real estate business, the rental division continued to perform steadily. In addition, sales of part of a large real estate property were completed. As a result, real estate revenue, excluding intersegment sales or transfers, was ¥506 million, an increase of ¥294 million, or 138.6%, from the previous interim consolidated accounting period, and segment profit was ¥146 million, an increase of ¥120 million.」
In addition to stable rental income, the completion of sales of part of a large real estate property resulted in real estate revenue of ¥506 million, up 138.6%, and segment profit of ¥146 million. - FY2024-Q3Profit decline continues due to costs associated with newly acquired propertiesAnnual report
「Revenue, excluding intersegment sales or transfers, remained broadly at the previous year's level, but segment profit was ¥39 million, down ¥103 million, or 72.4%, due to one-time costs associated with newly acquiring real estate properties and other factors.」
Real estate revenue remained broadly at the previous year's level, while one-time costs associated with newly acquired properties and other factors caused segment profit to decline 72.4%. - FY2024-Q2Lower profit due to acquisition costs for new investment propertiesAnnual report
「Revenue, excluding intersegment sales or transfers, was ¥212 million, a decrease of ¥4 million, or 2.2%, from the same quarter of the previous year, and was broadly unchanged. Segment profit was ¥25 million, down ¥71 million, or 73.8%, due in part to costs associated with acquiring new investment properties.」
Real estate revenue was broadly unchanged, while segment profit fell 73.8% due to costs associated with acquiring new investment properties and other factors. - FY2024-Q1AdvancedAnnual report
「Real estate rental income remained stable, but expenses associated with the acquisition of income-producing real estate in May 2023 were incurred. Revenue, excluding intersegment internal revenue or transfers, was ¥97 million, roughly unchanged from the same quarter of the previous year, while segment loss (operating loss) was ¥5 million, a decline of ¥45 million from the same quarter of the previous year.」
The company advanced the expansion of its real estate business by acquiring rental property in May 2023. Acquisition-related costs resulted in an operating loss of ¥5 million for the current quarter. - FY2023-Q3AdvancedAnnual report
「Real estate rentals remained stable. Revenue, excluding intersegment sales or transfers, was ¥328 million, an increase of ¥60 million, or 22.8%, from the same quarter of the previous year, while segment profit was ¥143 million, an increase of ¥49 million, or 52.9%.」
Stable real estate rentals resulted in revenue of ¥328 million, up 22.8%, and segment profit of ¥143 million, up 52.9%. - FY2023-Q2AdvancedAnnual report
「Rental income from real estate remained solid, and completed brokerage transactions also contributed. Revenue was ¥216 million, an increase of ¥41 million, or 23.5%, from the same quarter of the previous year. Segment profit was ¥96 million, an increase of ¥36 million, or 60.3%.」
In addition to solid rental income from real estate, completed brokerage transactions contributed to a 23.5% increase in revenue and a 60.3% increase in segment profit. - FY2022-Q2AdvancedAnnual report
「In August 2021, the Company purchased one residential building in Nagaokakyo, Kyoto, further strengthening its real estate business.」
The company purchased an entire residential building in Nagaokakyo, Kyoto Prefecture, advancing its real estate expansion initiatives. However, the real estate business posted lower revenue and profit in the current quarter due to the absence of completed brokerage transactions. - FY2022-Q1AdvancedAnnual report
「Completed real estate brokerage transactions and stable existing rental income contributed to revenue of ¥91 million, up 15.6% year on year, and segment profit (operating profit) of ¥42 million, up 45.2%.」
The completion of real estate brokerage transactions and stable existing rental income drove both revenue and segment profit above the previous year's levels. - FY2021-Q3Lower revenue and profit due to the reversal of a large consulting projectAnnual report
「In the real estate business, the previous fiscal year included a large consulting project worth approximately ¥300 million, and the reversal of that contribution resulted in lower revenue and profit. Excluding this exceptional factor, the existing real estate rental business remained stable. Revenue, excluding intersegment sales, was ¥402 million, down 30.7% year on year, and segment profit was ¥133 million, down 69.1%.」
The reversal of the approximately ¥300 million large consulting project recorded in the previous year resulted in a 30.7% decline in real estate revenue and a 69.1% decline in segment profit. The company, however, explained that the existing real estate rental business remained stable. - FY2021-Q2Lower revenue and profit due to the reversal of a large consulting projectAnnual report
「The previous fiscal year included a large consulting project worth approximately ¥300 million, and the reversal of that contribution resulted in lower revenue and profit. Excluding this exceptional factor, the business, including existing real estate rentals, continued to perform steadily. Revenue… was ¥316 million, down 35.4% year on year. Segment profit was ¥96 million, down 75.2%.」
The reversal of the approximately ¥300 million large consulting project recorded in the same period of the previous year resulted in a 35.4% decline in real estate revenue and a 75.2% decline in segment profit. The company explained that the business, including existing rentals, was performing steadily. - FY2021-Q1Lower revenue and profit due to the absence of real estate brokerage transactionsAnnual report
「(Real estate business) Although existing rental income remained stable, no real estate brokerage transactions were completed. Revenue, excluding intersegment sales or transfers, was ¥79 million, down 3.5% year on year, and segment profit was ¥29 million, down 8.1%.」
Existing rental income remained stable, but the absence of completed real estate brokerage transactions caused both revenue and segment profit to fall below the previous year's levels. - FY2020AdvancedAnnual report
「Revenue benefited from the completion of a large real estate brokerage transaction and sales of rental property acquired at the end of the previous fiscal year, resulting in substantial increases in revenue and profit. As a result, real estate revenue was ¥723 million, up ¥448 million, or 162.8%, from the previous fiscal year, and segment profit was ¥512 million, up ¥415 million, or 430.9%, from the previous consolidated fiscal year.」
The completion of a large brokerage transaction and income from acquired rental property drove substantial increases in real estate revenue and profit. - FY2020-Q3AdvancedAnnual report
「In the real estate business, stable income from investment properties and the completion of a large transaction contributed to revenue of ¥581 million, up 178.1% year on year. Segment profit was ¥431 million, up 400.8%.」
In addition to rental income from investment properties, the completion of a large real estate transaction contributed to a 178.1% increase in real estate revenue and a 400.8% increase in segment profit. - FY2020-Q2AdvancedAnnual report
「In addition to rental income from the business hotel acquired in March 2019 and investment properties held by 森田ビル管理株式会社, the completion of a large real estate transaction also contributed. Revenue, excluding intersegment sales or transfers, was ¥490 million, up 238.2% year on year. Segment profit was ¥390 million, up 525.2%, also reflecting contributions from brokerage fees.」
In addition to rental income from the acquired business hotel and investment properties, the completion of a large real estate transaction contributed to a 238.2% increase in real estate revenue and a 525.2% increase in segment profit. - FY2020-Q1AdvancedAnnual report
「Although completed brokerage transactions and other deals were sluggish, rental income from the business hotel acquired in March 2019 and investment properties held by the 森田ビル管理 Group contributed. Revenue, excluding intersegment sales or transfers, was ¥82 million, up 7.7% year on year. Segment profit was ¥31 million, down 5.2%, as the decline in brokerage fees could not be offset.」
Rental income from the business hotel acquired in March 2019 and investment properties of the 森田ビル管理 Group contributed to a 7.7% increase in revenue. Profit, however, fell 5.2% due to lower brokerage fees. - FY2019Higher rental income but lower revenue and profit due to a decline in brokerage feesAnnual report
「Rental income increased, including from investment properties acquired in the previous fiscal year, but brokerage fee income declined due to changes in real estate market conditions, resulting in a substantial decline in revenue. Segment profit also declined substantially. As a result, real estate revenue was ¥275 million, down ¥101 million, or 26.9%, from the previous fiscal year, and segment profit was ¥96 million, down ¥131 million, or 57.8%, from the previous consolidated fiscal year.」
Rental income from investment properties increased, but lower brokerage fee income due to real estate market conditions resulted in a 26.9% decline in real estate revenue and a 57.8% decline in segment profit. - FY2019-Q3AdvancedAnnual report
「In the real estate business, brokerage fee income remained sluggish, but rental income from investment properties acquired in the second half of the previous fiscal year lifted revenue, excluding intersegment sales, to ¥209 million, up 45.0% year on year. Segment profit (operating profit) was ¥86 million, up 20.5%.」
Rental income from investment properties acquired in the second half of the previous fiscal year resulted in a 45.0% increase in real estate revenue and a 20.5% increase in segment profit. - FY2019-Q2AdvancedAnnual report
「In addition to rental income from investment properties acquired in the second half of the previous fiscal year, completed brokerage transactions also contributed. Revenue, excluding intersegment sales or transfers, increased 72.5% year on year to ¥144 million. Segment profit increased 68.5% to ¥62 million, also reflecting contributions from brokerage fees.」
Rental income from additionally acquired investment properties and completed brokerage transactions resulted in a 72.5% increase in real estate revenue and a 68.5% increase in segment profit. - FY2019-Q1AdvancedAnnual report
「In addition to rental income from investment properties acquired in the second half of the previous fiscal year, completed brokerage transactions also contributed. Revenue, excluding intersegment sales or transfers, was ¥76 million, up 116.9% year on year. Segment profit was ¥33 million, up 185.3%, due to the contribution of high-margin brokerage fee income.」
Investment properties additionally acquired in the second half of the previous fiscal year, brokerage transactions and brokerage fee income contributed to a 116.9% increase in real estate revenue and a 185.3% increase in segment profit. - FY2018Revenue Decline and Profit IncreaseAnnual report
「Although there was no income from real estate sales, fees from a large brokerage transaction and stable rental income from investment properties held by the company resulted in a substantial increase in profit despite lower revenue. As a result, real estate revenue was ¥376 million, down ¥132 million, or 26.1%, from the previous consolidated fiscal year, while segment profit was ¥228 million, up ¥60 million, or 36.2%.」
The real estate business had no sales income, resulting in revenue of ¥376 million, down 26.1%, while brokerage fees and rental income drove segment profit to ¥228 million, up 36.2%. - FY2018-Q3Lower sales and lower profitAnnual report
「In the real estate business, stable income from investment properties continued, but fee income was weak. Revenue, excluding intersegment sales, was ¥144 million, down 1.2% year on year. Segment profit (operating profit) was ¥71 million, down 10.6%.」
Although stable income from investment properties continued, weak fee income resulted in a 1.2% decline in real estate revenue and a 10.6% decline in segment profit. - FY2018-Q2Lower sales and lower profitAnnual report
「In the real estate business, stable income from investment properties was offset by weak fee income. Revenue, excluding intersegment sales or transfers, was ¥84 million, down 22.2% year on year. Segment profit (operating profit) was ¥37 million, down 43.8%.」
Although stable income from investment properties continued, weak fee income resulted in a 22.2% decline in real estate revenue and a 43.8% decline in segment profit. - FY2018-Q1Higher revenue, lower profitAnnual report
「In the real estate business, stable rental income from investment properties contributed to revenue. Revenue, excluding intersegment sales or transfers, was ¥35 million, up 3.0% year on year. Segment profit (operating profit) was ¥11 million, down 19.8% year on year.」
The real estate business increased revenue on rental income from investment properties, but segment profit fell 19.8% year on year. - FY2017AdvancedAnnual report
「In the real estate business, rental income from the property acquired in Soka City at the end of the previous fiscal year contributed to revenue for the full current fiscal year. In addition, real estate sales at a subsidiary, real estate sale brokerage fees and sales agency fees remained solid. As a result, real estate revenue was ¥509 million, an increase of ¥469 million, or 1,187.1%, from the previous consolidated fiscal year, and segment profit was ¥167 million, an increase of ¥192 million from the previous consolidated fiscal year.」
Contributions from rental properties, real estate sales, brokerage fees and sales agency fees drove real estate revenue to ¥509 million, up 1,187.1% year on year. - FY2017-Q3AdvancedAnnual report
「In addition to rental income from investment properties, brokerage fees and sales agency fees remained solid. Revenue, excluding intersegment sales, was ¥145 million, up 459.0% year on year. Segment profit (operating profit) was ¥79 million, up 669.0%.」
In addition to rental income from investment properties, brokerage fees and sales agency fees contributed, with real estate revenue increasing 459.0% year on year and segment profit increasing 669.0%. - FY2017-Q2AdvancedAnnual report
「In the real estate business, rental income from investment properties contributed to revenue. Revenue was ¥107 million, an increase of ¥90 million, or 520.4%, from the same quarter of the previous year. Segment profit was ¥65 million, an increase of ¥57 million, or 705.3%, year on year.」
Against the backdrop of rental income from investment properties, real estate revenue increased 520.4% year on year and segment profit increased 705.3%. - FY2017-Q1AdvancedAnnual report
「In the real estate business, rental income from investment properties contributed to revenue. Revenue, excluding intersegment sales or transfers, was ¥34 million, an increase of ¥25 million, or 293.6%, from the same quarter of the previous year. Segment profit (operating profit) was ¥14 million, an increase of ¥10 million, or 260.4%, year on year.」
Against the backdrop of rental income from investment properties, real estate revenue increased 293.6% year on year and segment profit increased 260.4%. - FY2016First statedAnnual report
「(5) Expansion of the real estate business」
The company positioned real estate as one of its core businesses and identified expansion as a priority.