Expansion of the Real Estate Business and Its Classification as a Reportable Segment Following Acquisitions of Properties for Rental Use
First written in FY2019-Q3. 12 of 20 entries say "Advanced", first in FY2020-Q1. Latest entry: 2026-08-13.
Gakkyusha moved to the "Worse" side of this theme in 2026, 3 years after the typical company in this theme (2023).
The whole theme swung hardest in 2023: 2 of 9 companies on the "Worse" side.
3 other companies' latest entry also says "Reframed".
- 2026-08-13ReframedEarnings
「From the first quarter of the current consolidated fiscal year, in connection with a partial review of the management classifications within our group, we changed the segment classification of 1 consolidated subsidiary previously included under “Other” to “Real Estate Business.”」
The management classification of 1 consolidated subsidiary was changed from “Other” to “Real Estate Business,” updating the scope of the Real Estate Business reporting segment. - FY2026-H1Rental properties generally operating steadily; revenue flatAnnual report
「In the real estate business, the rental properties held by the company operated generally steadily, and rental income remained at approximately the same level as in the previous interim consolidated accounting period. As a result, revenue was ¥82 million, down 1.0% from the previous interim consolidated accounting period.」
The previous disclosure attributed the decline in rental income to some properties being converted into school buildings, whereas this time it states that the properties held by the company operated generally steadily and that revenue was ¥82 million, down 1.0% year on year in the interim period. - FY2025-H1Decline in rental income as rental properties were converted into school buildingsAnnual report
「In the real estate business, the rental properties held by the company operated steadily, but rental income declined from the previous interim consolidated accounting period because some properties were converted for use as school buildings. As a result, revenue was ¥82 million, down 1.4% from the previous interim consolidated accounting period.」
The rental properties operated steadily, but rental income declined because some were converted for use as school buildings, and real estate business revenue was ¥82 million, down 1.4% year on year in the interim period. - FY2024Stable operation of rental properties and slight revenue declineAnnual report
「In the real estate business, the rental properties held by the company operated steadily, and rental income remained at approximately the same level as in the previous year. As a result, revenue was ¥167 million, down 1.1% year on year.」
The rental properties held by the company operated steadily and rental income was approximately unchanged from the previous year, but real estate business revenue was ¥167 million, down 1.1% year on year. - FY2024-Q2Stable operation of rental properties and flat revenueAnnual report
「In the real estate business, the rental properties held by the company operated steadily, and rental income remained at approximately the same level as in the same quarter of the previous year. As a result, revenue was ¥84 million, down 0.8% year on year.」
The properties held in the real estate business operated steadily, rental income remained at approximately the same level as in the previous year, and revenue was ¥84 million, down 0.8% year on year. - FY2023AdvancedAnnual report
「In the real estate business, rental income increased from the same period of the previous fiscal year as rental apartments created through the rebuilding of Kunitachi Building 1 began operating during the third quarter of the previous fiscal year. As a result, revenue was ¥168 million, up 38.8% year on year.」
Supported by the operation of rental apartments created through the rebuilding of Kunitachi Building 1, full-year real estate business revenue was ¥168 million, up 38.8% year on year. - FY2023-Q3AdvancedAnnual report
「In the real estate business, rental income increased from the same quarter of the previous year as rental apartments created through the rebuilding of Kunitachi Building 1 began operating during the third quarter of the previous fiscal year. As a result, revenue was ¥126 million, up 58.8% year on year.」
Supported by the operation of rental apartments created through the rebuilding of Kunitachi Building 1, real estate business revenue was ¥126 million, up 58.8% year on year. - FY2023-Q2AdvancedAnnual report
「In the real estate business, rental income increased from the same quarter of the previous year as rental apartments created through the rebuilding of Kunitachi Building 1 began operating during the third quarter of the previous fiscal year. As a result, revenue was ¥84 million, up 83.5% year on year.」
Supported by the operation of rental apartments created through the rebuilding of Kunitachi Building 1, real estate business revenue was ¥84 million, up 83.5% year on year. - FY2023-Q1AdvancedAnnual report
「In the real estate business, rental income increased from the same quarter of the previous year as rental apartments created through the rebuilding of Kunitachi Building 1 began operating during the third quarter of the previous fiscal year. As a result, revenue was ¥42 million, up 81.4% year on year.」
Supported by the operation of rental apartments created through the rebuilding of Kunitachi Building 1, real estate business revenue was ¥42 million, up 81.4% year on year. - FY2022-Q3AdvancedAnnual report
「In the real estate business, rental income increased from the same quarter of the previous year as rental apartments created through the rebuilding of Kunitachi Building 1 began operating during the third quarter of the current fiscal year. As a result, revenue was ¥79 million, up 7.0% year on year.」
Rental apartments created through the rebuilding of Kunitachi Building 1 began operating, and revenue from the real estate business was ¥79 million, up 7.0% year on year. - FY2022-Q2RestatedAnnual report
「In the real estate business, rental income declined from the same quarter of the previous year, partly because tenants vacated rental apartments adjacent to the Kunitachi school buildings as fixed-term lease agreements were introduced. As a result, revenue was ¥46 million, down 7.4% year on year.」
Rental income continues to decline year on year as tenants vacate properties following the introduction of fixed-term lease agreements. - FY2022-Q1Decrease in Rental IncomeAnnual report
「In the real estate business, rental income declined from the same quarter of the previous year due in part to tenant move-outs following the conversion of the rental condominium adjacent to the Kunitachi school to fixed-term lease agreements. As a result, revenue was ¥23 million, down 7.9% year on year.」
Tenant move-outs following the conversion of the condominium adjacent to the Kunitachi school to fixed-term lease agreements reduced real estate business revenue 7.9% year on year to ¥23 million. - FY2021-Q3AdvancedAnnual report
「In the real estate business, rental income increased from the same quarter of the previous year due to the acquisition of a new rental condominium since the third quarter of the previous consolidated accounting period. As a result, revenue was ¥74 million, up 29.3% year on year.」
The newly acquired rental condominium increased rental income, lifting real estate business revenue to ¥74 million, up 29.3% year on year. - FY2021-Q2AdvancedAnnual report
「In the real estate business, rental income increased from the same quarter of the previous year due to the acquisition of a new rental condominium since the third quarter of the previous consolidated accounting period. As a result, revenue was ¥49 million, up 38.9% year on year.」
The newly acquired rental condominium increased rental income, lifting real estate business revenue to ¥49 million, up 38.9% year on year. - FY2021-Q1AdvancedAnnual report
「In the real estate business, rental income increased from the same quarter of the previous year due to the acquisition of a new rental condominium since the third quarter of the previous consolidated accounting period. As a result, revenue was ¥25 million, up 49.5% year on year.」
A new rental condominium acquired since the third quarter of the previous year lifted real estate business revenue to ¥25 million, up 49.5% year on year. - FY2020AdvancedAnnual report
「In the real estate business, rental income increased significantly from the same period of the previous year due to the purchase of a new rental condominium since the third quarter of the previous consolidated accounting period. As a result, revenue was ¥83 million, up 132.1% year on year.」
The acquisition of a pre-owned condominium and the completion of a rental condominium following the rebuilding of the Kumegawa school supported full-year real estate business revenue of ¥83 million, up 132.1% year on year. - FY2020-Q3AdvancedAnnual report
「In the real estate business, rental income increased significantly from the same quarter of the previous year due to the purchase of a pre-owned condominium adjacent to the Kunitachi school and the completion of a rental condominium following the rebuilding of the Kumegawa school, both since the third quarter of the previous consolidated accounting period. As a result, revenue was ¥57 million, up 157.2% year on year.」
The purchase of a pre-owned condominium and the completion of a rental condominium following the rebuilding of the Kumegawa school supported third-quarter cumulative real estate business revenue of ¥57 million, up 157.2% year on year. - FY2020-Q2AdvancedAnnual report
「In the real estate business, rental income increased significantly from the same quarter of the previous year due to the purchase of a pre-owned condominium adjacent to the Kunitachi school and the completion of a rental condominium following the rebuilding of the Kumegawa school, both since the third quarter of the previous consolidated accounting period. As a result, revenue was ¥35 million, up 177.3% year on year.」
The purchase of a pre-owned condominium and the completion of a rental condominium following the rebuilding of the Kumegawa school lifted real estate business revenue to ¥35 million, up 177.3% year on year. - FY2020-Q1AdvancedAnnual report
「In the real estate business, rental income increased significantly from the same quarter of the previous year due to the purchase of a pre-owned condominium adjacent to the Kunitachi school and the completion of a rental condominium following the rebuilding of the Kumegawa school, both since the third quarter of the previous consolidated accounting period. As a result, revenue was ¥17 million, up 162.8% year on year. At a meeting of the Board of Directors held on 11 July 2019, the Company resolved as follows regarding the rebuilding of Kunitachi Building No. 1.」
The purchase of a pre-owned condominium and the completion of a rental condominium following the rebuilding of the Kumegawa school lifted real estate business revenue 162.8% year on year to ¥17 million. The Company also resolved to rebuild Kunitachi Building No. 1 and is proceeding with the expansion of its real estate business through income-generating properties. - FY2019-Q3First statedAnnual report
「In the real estate business, rental income increased from the same quarter of the previous year due in part to the purchase of a pre-owned condominium adjacent to the Kunitachi school during the third quarter of the current consolidated cumulative period. As a result, revenue was ¥22 million, up 16.3% year on year.」
The Company purchased a pre-owned condominium adjacent to the Kunitachi school, increasing rental income. As the real estate business became more significant, it has been presented as a reportable segment since the third quarter of the current consolidated accounting period.