Yamaichi Uniheim Real Estate Co.,Ltd
2984・Standard Market・Real Estate
Real Estate Development & Leasing Business
A segment stabilizing group earnings, underpinned by stable rental income
| Period | Current | Previous | Change |
|---|---|---|---|
| Segment Revenue | ¥3,274 million (FY2026, ending March 2026) | ¥3,152 million (FY2025, ended March 2025) | ↑ |
| Segment Profit | ¥1,038 million (FY2026, ending March 2026) | ¥980 million (FY2025, ended March 2025) | ↑ |
| Segment Assets | ¥22,176 million (FY2026, ending March 2026) | ¥21,101 million (FY2025, ended March 2025) | ↑ |
| Depreciation and Amortization | ¥590 million (FY2026, ending March 2026) | ¥621 million (FY2025, ended March 2025) | ↓ |
| Increase in Tangible and Intangible Fixed Assets | ¥1,791 million (FY2026, ending March 2026) | ¥976 million (FY2025, ended March 2025) | ↑ |
Business Details
A business that holds rental real estate such as commercial facilities, multi-family housing, office buildings, and parking lots, using long-term cash flow as the key metric for investment decisions. The business is centered on the Kinki region, with expansion into the Tokai and Greater Tokyo areas as well. The company builds up its property portfolio through both in-house development (roadside commercial facility development starting from raw land) and acquisition of existing real estate, while working with group subsidiaries to bring management, tenant sourcing, and store construction in-house, thereby improving management efficiency.
Recent Overview
Opening of a new commercial facility led to increases in both revenue and profit year on year
In FY2026 (ending March 2026), occupancy of owned rental real estate remained solid, and a newly developed commercial facility in Sakurai City, Nara Prefecture opened, contributing to earnings. Segment revenue was ¥3,274 million (up 3.9% year on year), and segment profit was ¥1,038 million (up 5.9% year on year). The increase in tangible and intangible fixed assets expanded significantly to ¥1,791 million from ¥976 million in the prior period, reflecting continued active property acquisition and development investment.
Key Products
Growth Drivers
- Continued acquisition of new rental real estate to build up the number of owned properties
- Bringing management and construction in-house through group synergies with subsidiaries S.T. Link and L&B
- Expansion of the development area from the Kinki region to the Tokai and Greater Tokyo areas
- Cost reduction and improved profitability through in-house development from raw land
- A cycle of securing cash on hand by selling properties with unrealized gains and reinvesting in new high-quality properties
Risks
- Difficulty acquiring new income-producing real estate due to declining yields in urban areas
- Increased borrowing costs due to rising interest rates (the majority of property acquisition funds depend on financial institution borrowings)
- Temporary vacancy risk from the withdrawal or turnover of key tenants
- Risk of deteriorating profitability of in-house development projects due to rising construction costs and labor shortages
- Impairment risk for rental real estate (fixed assets) due to declining future cash flows from changes in market conditions
Last updated: June 24, 2026