Addressing Building Deterioration and Improving the Work Environment Through the Sale of the Employee Building and Acquisition of a Redeveloped Property
First written in FY2022-Q1. 4 of 5 entries say "Advanced", first in FY2022-Q2. Latest entry: 2026-07-08.
No other company in this theme has enough history to compare yet.
- 2026-07-08AdvancedRevisions to earnings forecasts
「Quarterly net income increased by ¥345 million, as a ¥79 million gain on the conversion of fixed-asset rights associated with the redevelopment of owned real estate was recognized as an extraordinary gain in the second-quarter accounting period.」
The recognition of a ¥79 million gain on the conversion of fixed-asset rights associated with the redevelopment of owned real estate was reported, indicating accounting progress related to the redevelopment. The property was not identified in the text. - FY2024-Q2AdvancedAnnual report
「At a meeting of the Board of Directors held on 11 April 2024, the Company resolved to borrow funds from The Bank of Yokohama, Ltd. and Sumitomo Mitsui Banking Corporation, and implemented the borrowings as follows. 1 The Bank of Yokohama, Ltd. (1) Purpose: Acquisition of the employee building, including the first-floor retail space (2) Borrowing amount: ¥400 million (5) Borrowing date: 28 June 2024 (6) Maturity date: 30 June 2034 2 Sumitomo Mitsui Banking Corporation (1) Purpose: Acquisition of the employee building, including the first-floor retail space (2) Borrowing amount: ¥200 million (5) Borrowing date: 28 June 2024 (6) Maturity date: 30 June 2034」
The employee building sale and redevelopment plan progressed to the stage of borrowing a total of ¥600 million to fund the acquisition. The borrowings were drawn down on 28 June 2024, with maturity on 30 June 2034. - FY2023AdvancedAnnual report
「In its administrative operations, the Company is emphasizing human capital management and is improving wage levels to attract talented personnel and provide returns to existing employees. To create a more comfortable working environment, construction of a replacement employee building, including break rooms, nap rooms and locker rooms, at the site adjacent to the main building is nearing completion, and the Company plans to move to the new employee building around early March.」
The employee building sale and redevelopment plan progressed to a scheduled completion of the rebuilding and a plan to move to the new building around early March 2024. - FY2022-Q2AdvancedAnnual report
「At a meeting of the Board of Directors held on 13 April 2022, the Company resolved to enter into a real estate sale and purchase transaction for the rebuilding of the employee building, and on 25 May 2022 entered into a real estate sale and purchase agreement for the sale of the employee building and acquisition of the adjacent land. Sale price: ¥310 million Carrying amount: ¥209.898 million The sale was scheduled for late March 2024, and acquisition of part of the adjacent building for late January 2024.」
The plan to sell the employee building and acquire the adjacent land progressed to the specific step of executing a real estate sale and purchase agreement on 25 May 2022. The purpose is to eliminate deterioration and provide a more comfortable working environment for employees; the sale price is ¥310 million, with the sale scheduled for late March 2024 and acquisition of part of the adjacent building scheduled for late January 2024. - FY2022-Q1First statedAnnual report
「The employee building facing Mizumachi-dori behind the main hotel building, which contains a break room, nap rooms, locker rooms and other facilities, is 33 years old and has deteriorated. Against this backdrop, redevelopment is planned on adjacent land. To eliminate the deterioration of the employee building and provide a more comfortable working environment, the Company will first sell the employee building to the redevelopment company, which is the purchaser, and subsequently acquire part of the building to be constructed after the sale and part of the building on the adjacent land.」
At a meeting of the Board of Directors held on 13 April 2022, the Company resolved to sell the employee building and acquire buildings and other property following redevelopment. The employee building comprises land of 282.84 m² and a building with a floor area of 750.67 m²; the sale price is ¥310 million and the carrying amount is ¥211.604 million. The sale was scheduled for late March 2024, acquisition of the adjacent building for late January 2024, and execution of the agreement for the redeveloped building for late February 2025.