Worth reading
66In focus
0–100. This measures how worthwhile something is to read, not how good or bad the company is.Direction
Mixed performance
Direction inferred from the company’s description.Scale
-11.8
Year-on-year revenue growth (%)Wording
Conditional
How definitive the wording is.Contents of this document
Financial Results PresentationFirst quarter of the fiscal year ending March 202712 items taken from the company’s own explanation
Financial Results Figures (The key points of this material are explained below)
Net Sales7,937 Millions of yen-11.8%
Operating profit271 Millions of yen-81.0%
Ordinary income372 Millions of yen-74.4%
Net income243 Millions of yen-75.6%
Results for the three months of the current quarterRevenue ¥7,937 million, operating profit ¥271 million, ordinary profit ¥372 million, net profit ¥243 million (Q1 standalone)
Full-year earnings forecast
Net Sales
27,941 Millions of yen
Operating profit
1,677 Millions of yen
Ordinary income
1,778 Millions of yen
Net income for the current fiscal year
1,307 Millions of yen
Progress against full-year forecast 通期の予想に対して、いまどこまで進んだかの割合です。
Net Sales28.4%
Operating profit16.2%
Ordinary income20.9%
Net income for the current fiscal year18.6%
Senior Business revenue23.3%
Senior Business segment profit18.1%
Real-estate business revenue37.8%
Real estate business segment income21.7%
What the company explained in this material
Self-assessment against the planThe company's self-assessment against its own plan.
Progress toward the full-year forecast is proceeding smoothlyBreakdown of Factors Affecting the ChangeReasons cited by the Company for the change in the figures.
The absence of the large real estate projects recorded in the same period of the previous fiscal year, fewer real estate sales, initial expenses for new openings in the Senior Business, and an increase in new residents at existing and newly opened facilities
Assumptions Underlying the Business OutlookThe assumptions used by the company in preparing its forecast.
New OpeningsPlan to open 4 assisted-living homes with nursing care and 2 day-care facilities in FY2027/3
Real Estate SalesSell 2–3 Senior Development Business projects per year
Assisted-living home occupancyAssumes rising occupancy rates at newly opened facilities
New initiatives
- Opening of 2 assisted-living homes with nursing care, アズハイム調布 and アズハイム所沢
- Nationwide rollout of nursing-care DX support and a business-matching agreement with Hokuriku Bank
- Development of the completed version of the AI care plan “ぽち1” and research and development of an external sales model
- Promotion of new openings of large assisted-living homes
Key KPIsA metric the company considers important as a management benchmark.
- Overall occupancy rate of assisted-living homes with nursing care86.2 %
- Occupancy rate of existing assisted-living homes93.5 %
- Overall occupancy rate of day-service facilities80.3 %
- Occupancy rate of existing day-care services88.5 %
Unit price and quantity metricsThese figures show sales broken down by price and volume.
Average monthly fee per room at assisted-living homes
Approximately ¥500,000
Average monthly nursing-care fee per room
Approximately ¥200,000
Average monthly user fee
Approximately ¥300,000
Day-care service profitability componentsTotal capacity × occupancy rate × unit price
Segment results
Senior care business
Net Sales
4,240 Millions of yen+13.0%
Segment profit
323 Millions of yen-44.5%
Segment profit margin
7.6 %
Year-on-year change (points)-7.9
Real Estate Business
Net Sales
3,746 Millions of yen-29.0%
Segment profit
466 Millions of yen-63.5%
Segment profit margin
12.5 %
Year-on-year change (points)-11.7
Financial targets
Equity ratio of 22.4% (as of 30 June 2026, up 1.2 points from the end of the previous fiscal year). The target value as a financial target is Not disclosedNumber of stores and locations
End of period59 facilities (as of August 2026)
Store openings during the periodOpened 2 assisted-living homes with nursing care and 1 day-care facility
Number of employees
Number of Employees1,900 People
Record date1 April 2026
Annual Dividend
Forecast for the fiscal year ending March 2027
End of period¥80
Payout ratio
Forecast for the fiscal year ending March 202722 %
PolicyAs a guideline, a payout ratio of at least 20% and DOE of at least 5%
| Item | Details |
|---|---|
| Document type | Financial Results Presentation |
| Fiscal Period Covered | First quarter of the fiscal year ending March 2027 |
| Net Sales | 7,937 Millions of yen (YoY -11.8%) |
| Operating profit | 271 Millions of yen (YoY -81.0%) |
| Ordinary income | 372 Millions of yen (YoY -74.4%) |
| Net income | 243 Millions of yen (YoY -75.6%) |
| Results for the three months of the current quarter | Revenue ¥7,937 million, operating profit ¥271 million, ordinary profit ¥372 million, net profit ¥243 million (Q1 standalone) |
| Full-year earnings forecast | Net Sales 27,941 Millions of yen / Operating profit 1,677 Millions of yen / Ordinary income 1,778 Millions of yen / Net income for the current fiscal year 1,307 Millions of yen |
| Progress against full-year forecast | Net Sales 28.4% / Operating profit 16.2% / Ordinary income 20.9% / Net income for the current fiscal year 18.6% / Senior Business revenue 23.3% / Senior Business segment profit 18.1% / Real-estate business revenue 37.8% / Real estate business segment income 21.7% |
| Self-assessment against the plan | Progress toward the full-year forecast is proceeding smoothly |
| Segment results | Senior care business Net Sales 4,240 Millions of yen (YoY +13.0%) / Segment profit 323 Millions of yen (YoY -44.5%) / Segment profit margin 7.6 % / Real Estate Business Net Sales 3,746 Millions of yen (YoY -29.0%) / Segment profit 466 Millions of yen (YoY -63.5%) / Segment profit margin 12.5 % |
| Breakdown of Factors Affecting the Change | The absence of the large real estate projects recorded in the same period of the previous fiscal year, fewer real estate sales, initial expenses for new openings in the Senior Business, and an increase in new residents at existing and newly opened facilities |
| Key KPIs | Indicator name Overall occupancy rate of assisted-living homes with nursing care / Value 86.2 % / Year on year against the same period last year Not disclosed, Indicator name Occupancy rate of existing assisted-living homes / Value 93.5 % / Year on year against the same period last year Not disclosed, Indicator name Overall occupancy rate of day-service facilities / Value 80.3 % / Year on year against the same period last year Not disclosed, Indicator name Occupancy rate of existing day-care services / Value 88.5 % / Year on year against the same period last year Not disclosed |
| Unit price and quantity metrics | Average monthly fee per room at assisted-living homes Approximately ¥500,000 / Average monthly nursing-care fee per room Approximately ¥200,000 / Average monthly user fee Approximately ¥300,000 / Day-care service profitability components Total capacity × occupancy rate × unit price |
| Number of stores and locations | End of period 59 facilities (as of August 2026) / Store openings during the period Opened 2 assisted-living homes with nursing care and 1 day-care facility / Store closures during the period Not disclosed |
| Number of employees | Number of Employees 1,900 People / Record date 1 April 2026 / Change during the period Not disclosed / Hiring plan Not disclosed |
| Assumptions Underlying the Business Outlook | New Openings Plan to open 4 assisted-living homes with nursing care and 2 day-care facilities in FY2027/3 / Real Estate Sales Sell 2–3 Senior Development Business projects per year / Assisted-living home occupancy Assumes rising occupancy rates at newly opened facilities |
| Financial targets | Equity ratio of 22.4% (as of 30 June 2026, up 1.2 points from the end of the previous fiscal year). The target value as a financial target is Not disclosed |
| Annual Dividend | Forecast for the fiscal year ending March 2027 End of period ¥80 / Interim Not disclosed |
| Payout ratio | Forecast for the fiscal year ending March 2027 22 % / Policy As a guideline, a payout ratio of at least 20% and DOE of at least 5% |
| New initiatives | Opening of 2 assisted-living homes with nursing care, アズハイム調布 and アズハイム所沢, Nationwide rollout of nursing-care DX support and a business-matching agreement with Hokuriku Bank, Development of the completed version of the AI care plan “ぽち1” and research and development of an external sales model, Promotion of new openings of large assisted-living homes |
Items this document does not state (10)
Gross Profit MarginOperating profit marginSelling, general and administrative expensesRisk amount incorporated into the outlookMedium-term management plan 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.The Senior Development Business sold 2 large projects in the same period of the previous fiscal year, compared with 1 project in the current period. In addition to lower revenue and profit in the Real Estate Business, initial expenses for 2 newly opened facilities in the Senior Business weighed on profit. Meanwhile, an increase in new residents at facilities opened in the previous and current fiscal years contributed to higher revenue in the Senior Business.
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