Worth reading
64In focus
0–100. This measures how worthwhile something is to read, not how good or bad the company is.Direction
Improvement
Direction inferred from the company’s description.Scale
32.1
Revenue year-on-year (%)Wording
Definitive
How definitive the wording is.Contents of this document
Presentation materials for financial resultsFiscal year ending March 2026, full year11 items taken from the company’s own explanation
Financial Results Figures (The key points of this material are explained below)
Net Sales¥23,661 million+32.1%
Operating profit¥1,524 million+16.8%
Ordinary income¥1,616 million+19.7%
Net income¥1,184 million+23.8%
Results for the three months of the current quarter
Net Sales
1Q¥5,276 million
2Q¥4,637 million
3Q¥5,514 million
4Q¥4,625 million
Operating profit
1Q¥1,849 million
2Q¥618 million
3Q¥605 million
4Q¥325 million
Full-year earnings forecast
Fiscal year ending March 2027
Net Sales
¥27,941 million
Operating profit
¥1,677 million
Ordinary income
¥1,778 million
Net income for the current fiscal year
¥1,307 million
What the company explained in this material
Self-assessment against the planThe company's self-assessment against its own plan.
The Senior Services business fell short of plan, while the Real Estate business exceeded plan. At the company-wide level, operating profit, ordinary profit and net income exceeded forecasts, but revenue fell below forecast.Breakdown of Factors Affecting the ChangeReasons cited by the Company for the change in the figures.
- Senior Services: year-on-year increase in profit from new facilities opened by the end of FY2025¥1,116 million
- Senior Services: opening costs and initial losses for 6 facilities opened in FY2026 and 1 facility opened in FY2027¥-1,105 million
- Real Estate: year-on-year decline in profit from the Senior Development business¥-100 million
- Real Estate: year-on-year increase in profit from the Solutions business¥472 million
- Real Estate: year-on-year increase in profit from the income-generating business¥9 million
- Personnel recruitment costs, system costs and other expenses¥-173 million
Assumptions Underlying the Business OutlookThe assumptions used by the company in preparing its forecast.
- New assisted-living homes to be opened in FY20274 buildings
- New day-service facilities to be opened in FY20272 buildings
- Sales plan for the Senior Development business2～3
New initiatives
- Nationwide rollout of long-term care DX support and development of referral channels
- Business-matching agreement with The Hokuriku Bank, Ltd.
- Completion of the AI care plan “Pochi 1” and research and development of an external sales model
- Opening of 4 new assisted-living homes and 2 new day-service facilities in FY2027
- Promotion of new openings of large assisted-living homes
Key KPIsA metric the company considers important as a management benchmark.
- Occupancy rate of existing assisted-living homes94.2 % as of March 2026
- Number of assisted-living home facilities33 Facility
- Number of day-service facilities19 Facility
- Number of short-stay facilities4 Facility
- Total number of facilities56 Facility
Unit price and quantity metricsThese figures show sales broken down by price and volume.
- Average monthly fee per room at assisted-living homes¥50 10,000
- Average monthly long-term care reimbursement per assisted-living home¥20 10,000
- Average monthly user fees per assisted-living home¥30 10,000
- Occupancy rate of existing assisted-living homes94.2 %
- Overall occupancy rate of day-service facilities84.7 %
Segment results
Senior care business
Net Sales
¥15,462 million+12.5%
Segment profit
¥1,415 million-6.8%
Segment profit margin
9.2 %
Year-on-year change (pt)-1.9
Real Estate Business
Net Sales
¥8,330 million+91.4%
Segment profit
¥1,981 million+26.1%
Segment profit margin
23.8 %
Year-on-year change (pt)-12.3
Number of stores and locations
Number at period-end33 assisted-living homes, 19 day-service facilities, 4 short-stay facilities, for a total of 56 facilities
Number of store openings and closures during the periodOpened 4 assisted-living homes and 2 day-service facilities
Number of employees
Number of Employees1,902 People as of 1 April 2026
Hiring plan113 new graduates joined the company in FY2026
Annual Dividend
Fiscal year ending March 2026
Annual¥70 per share
Forecast for the fiscal year ending March 2027
Annual¥80 per share
Payout ratio
Fiscal year ending March 202621.2 %
Forecast for the fiscal year ending March 202722 %
DOE
Fiscal year ending March 20265.4 %
PolicyA payout ratio of at least 20% and DOE of at least 5% as guidelines
| Item | Details |
|---|---|
| Document type | Presentation materials for financial results |
| Fiscal Period Covered | Fiscal year ending March 2026, full year |
| Net Sales | ¥23,661 million (YoY +32.1%) |
| Operating profit | ¥1,524 million (YoY +16.8%) |
| Ordinary income | ¥1,616 million (YoY +19.7%) |
| Net income | ¥1,184 million (YoY +23.8%) |
| Results for the three months of the current quarter | Net Sales 1Q ¥5,276 million / 2Q ¥4,637 million / 3Q ¥5,514 million / 4Q ¥4,625 million / Operating profit 1Q ¥1,849 million / 2Q ¥618 million / 3Q ¥605 million / 4Q ¥325 million |
| Full-year earnings forecast | Fiscal year ending March 2027 Net Sales ¥27,941 million / Operating profit ¥1,677 million / Ordinary income ¥1,778 million / Net income for the current fiscal year ¥1,307 million |
| Self-assessment against the plan | The Senior Services business fell short of plan, while the Real Estate business exceeded plan. At the company-wide level, operating profit, ordinary profit and net income exceeded forecasts, but revenue fell below forecast. |
| Segment results | Senior care business Net Sales ¥15,462 million (YoY +12.5%) / Segment profit ¥1,415 million (YoY -6.8%) / Segment profit margin 9.2 % / Real Estate Business Net Sales ¥8,330 million (YoY +91.4%) / Segment profit ¥1,981 million (YoY +26.1%) / Segment profit margin 23.8 % |
| Breakdown of Factors Affecting the Change | Factors Senior Services: year-on-year increase in profit from new facilities opened by the end of FY2025 / Amount ¥1,116 million, Factors Senior Services: opening costs and initial losses for 6 facilities opened in FY2026 and 1 facility opened in FY2027 / Amount ¥-1,105 million, Factors Real Estate: year-on-year decline in profit from the Senior Development business / Amount ¥-100 million, Factors Real Estate: year-on-year increase in profit from the Solutions business / Amount ¥472 million, Factors Real Estate: year-on-year increase in profit from the income-generating business / Amount ¥9 million, Factors Personnel recruitment costs, system costs and other expenses / Amount ¥-173 million |
| Key KPIs | Indicator name Occupancy rate of existing assisted-living homes / Value 94.2 % (as of March 2026) / Year on year against the same period last year Not disclosed, Indicator name Number of assisted-living home facilities / Value 33 Facility / Year on year against the same period last year Not disclosed, Indicator name Number of day-service facilities / Value 19 Facility / Year on year against the same period last year Not disclosed, Indicator name Number of short-stay facilities / Value 4 Facility / Year on year against the same period last year Not disclosed, Indicator name Total number of facilities / Value 56 Facility / Year on year against the same period last year Not disclosed |
| Unit price and quantity metrics | Indicator name Average monthly fee per room at assisted-living homes / Value ¥50 10,000, Indicator name Average monthly long-term care reimbursement per assisted-living home / Value ¥20 10,000, Indicator name Average monthly user fees per assisted-living home / Value ¥30 10,000, Indicator name Occupancy rate of existing assisted-living homes / Value 94.2 %, Indicator name Overall occupancy rate of day-service facilities / Value 84.7 % |
| Number of stores and locations | Number at period-end 33 assisted-living homes, 19 day-service facilities, 4 short-stay facilities, for a total of 56 facilities / Number of store openings and closures during the period Opened 4 assisted-living homes and 2 day-service facilities |
| Number of employees | Number of Employees 1,902 People (as of 1 April 2026) / Change during the period Not disclosed / Hiring plan 113 new graduates joined the company in FY2026 |
| Assumptions Underlying the Business Outlook | Item New assisted-living homes to be opened in FY2027 / Value 4 buildings, Item New day-service facilities to be opened in FY2027 / Value 2 buildings, Item Sales plan for the Senior Development business / Value 2～3 |
| Annual Dividend | Fiscal year ending March 2026 Annual ¥70 per share / Forecast for the fiscal year ending March 2027 Annual ¥80 per share / Interim and Year-End Breakdown Not disclosed |
| Payout ratio | Fiscal year ending March 2026 21.2 % / Forecast for the fiscal year ending March 2027 22 % / DOE Fiscal year ending March 2026 5.4 % / Policy A payout ratio of at least 20% and DOE of at least 5% as guidelines |
| New initiatives | Nationwide rollout of long-term care DX support and development of referral channels, Business-matching agreement with The Hokuriku Bank, Ltd., Completion of the AI care plan “Pochi 1” and research and development of an external sales model, Opening of 4 new assisted-living homes and 2 new day-service facilities in FY2027, Promotion of new openings of large assisted-living homes |
Items this document does not state (12)
Gross Profit MarginOperating profit marginSelling, general and administrative expensesProgress against full-year forecastRisk amount incorporated into the outlookMedium-term management plan targetsFinancial targetsAcquisition of treasury sharesCapital expendituresOrders received and order backlogMarket Size / ShareKey points of the Q&A
These are items the company does not state in this document. We do not leave them blank, nor fill them in from other sources or by inference.
The reasons the company gives
The company's own explanation, not something inferred from the numbers.In the Senior Services business, higher occupancy at existing newly opened facilities and an increase in new residents contributed to higher revenue. In the Real Estate business, sales in the Senior Development and Solutions businesses contributed to results. Meanwhile, initial losses and opening costs for new facilities, repairs and investment in personnel weighed on profit in the Senior Services business.
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