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Earnings presentation materials160AAs Partners CO.,LTD.Information and Communications, Services and Others

Earnings Presentation Materials for the Second Quarter (Interim Period) of the Fiscal Year Ending March 2027

Although revenue increased year on year in the interim period, operating income, ordinary income and interim net income declined, reflecting the impact of costs associated with new openings and other factors. The full-year forecasts remain unchanged, and the company said revenue and each profit measure are progressing at a pace that exceeds its plans.

Worth reading
59In 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
14.2
% (year-on-year change in revenue)
Wording
Conditional
How definitive the wording is.

Contents of this document

Earnings presentation materialsSecond quarter (interim period) of the fiscal year ending March 202710 items taken from the company’s own explanation
Financial Results Figures (The key points of this material are explained below)
Net Sales¥15,561 million+14.2%
Operating profit¥1,103 million-28.7%
Ordinary income¥1,250 million-22.0%
Net income¥830 million -23.9%interim net profit
Full-year earnings forecast
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
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 Sales55.7%
Operating profit65.8%
Ordinary income70.3%
Interim net income63.5%
Senior Business revenue48.0%
Senior Business segment profit49.4%
Real estate revenue69.9%
Real estate business segment income57.1%
What the company explained in this material
Self-assessment against the planThe company's self-assessment against its own plan.
Revenue and profit at each stage are progressing better than forecast for the current fiscal year.
Assumptions Underlying the Business OutlookThe assumptions used by the company in preparing its forecast.
  • Plans to open 4 new assisted-living facilities and 2 day-service facilities in the fiscal year ending March 2027
  • Higher utilization at the 6 facilities opened in the fiscal year ending March 2026 and the 6 facilities scheduled to open in the fiscal year ending March 2027
  • Sales plan for senior housing development and solution projects
New initiatives
  • Position Azheim Fuchu as the central hub for AI and AX and redesign workflows around AI
  • Conduct a demonstration project in Denmark as part of a research project for the overseas rollout of care technology
  • Expand into a care DX consulting business in collaboration with government authorities
  • Expand the scale and business base of the care business through M&A
Key KPIsA metric the company considers important as a management benchmark.
  • Occupancy rate of existing assisted-living homes93.5 %
  • Overall occupancy rate of assisted-living homes with nursing care83.4 %
  • Occupancy rate of existing day-care services88 %
  • Overall occupancy rate of day-service facilities79.4 %
  • Number of assisted-living home facilities36 sites
  • Number of day-service facilities21 sites
  • Number of short-stay facilities4 sites
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 nursing-care fee per room
¥20 10,000
Average monthly user fee
¥30 10,000
ComponentsTotal capacity × occupancy rate × unit price
Segment results
Senior care business
Net Sales
¥8,729 million+15.1%
Segment profit
¥883 million-5.2%
Segment margin
10.1 %
Year-on-year change in percentage points-2.2
Real estate business
Net Sales
¥6,931 million+13.8%
Segment profit
¥1,229 million-20.9%
Segment margin
17.7 %
Year-on-year change in percentage points-7.8
Number of stores and locations
Number at period-end61 facilities (as of November 2026)
Openings during the periodOpened 2 assisted-living facilities and 1 day-service facility during the interim period
Number of employees
Number of Employees1,900 People as of 1 April 2026
Hiring plan82 prospective hires for fiscal 2027
Annual Dividend
Annual dividend per share80 yen
Breakdown
End of period80
Payout ratio
22 %
PolicyA payout ratio of at least 20% and DOE of at least 5% as guidelines
Contents of this document
ItemDetails
Document typeEarnings presentation materials
Fiscal Period CoveredSecond quarter (interim period) of the fiscal year ending March 2027
Net Sales¥15,561 million (YoY +14.2%)
Operating profit¥1,103 million (YoY -28.7%)
Ordinary income¥1,250 million (YoY -22.0%)
Net income¥830 million (interim net profit) (YoY -23.9%)
Full-year earnings forecastNet Sales ¥27,941 million / Operating profit ¥1,677 million / Ordinary income ¥1,778 million / Net income for the current fiscal year ¥1,307 million
Progress against full-year forecastNet Sales 55.7% / Operating profit 65.8% / Ordinary income 70.3% / Interim net income 63.5% / Senior Business revenue 48.0% / Senior Business segment profit 49.4% / Real estate revenue 69.9% / Real estate business segment income 57.1%
Self-assessment against the planRevenue and profit at each stage are progressing better than forecast for the current fiscal year.
Segment resultsSenior care business Net Sales ¥8,729 million (YoY +15.1%) / Segment profit ¥883 million (YoY -5.2%) / Segment margin 10.1 % / Real estate business Net Sales ¥6,931 million (YoY +13.8%) / Segment profit ¥1,229 million (YoY -20.9%) / Segment margin 17.7 %
Key KPIsIndicator 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 assisted-living homes with nursing care / Value 83.4 % / Year on year against the same period last year Not disclosed, Indicator name Occupancy rate of existing day-care services / Value 88 % / Year on year against the same period last year Not disclosed, Indicator name Overall occupancy rate of day-service facilities / Value 79.4 % / Year on year against the same period last year Not disclosed, Indicator name Number of assisted-living home facilities / Value 36 sites / Year on year against the same period last year Not disclosed, Indicator name Number of day-service facilities / Value 21 sites / Year on year against the same period last year Not disclosed, Indicator name Number of short-stay facilities / Value 4 sites / Year on year against the same period last year Not disclosed
Unit price and quantity metricsAverage monthly fee per room at assisted-living homes ¥50 10,000 / Average monthly nursing-care fee per room ¥20 10,000 / Average monthly user fee ¥30 10,000 / Components Total capacity × occupancy rate × unit price
Number of stores and locationsNumber at period-end 61 facilities (as of November 2026) / Openings during the period Opened 2 assisted-living facilities and 1 day-service facility during the interim period
Number of employeesNumber of Employees 1,900 People (as of 1 April 2026) / Change during the period Not disclosed / Hiring plan 82 prospective hires for fiscal 2027
Assumptions Underlying the Business OutlookPlans to open 4 new assisted-living facilities and 2 day-service facilities in the fiscal year ending March 2027, Higher utilization at the 6 facilities opened in the fiscal year ending March 2026 and the 6 facilities scheduled to open in the fiscal year ending March 2027, Sales plan for senior housing development and solution projects
Annual DividendAnnual dividend per share 80 yen / Breakdown Interim Not disclosed / End of period 80
Payout ratio22 %
New initiativesPosition Azheim Fuchu as the central hub for AI and AX and redesign workflows around AI, Conduct a demonstration project in Denmark as part of a research project for the overseas rollout of care technology, Expand into a care DX consulting business in collaboration with government authorities, Expand the scale and business base of the care business through M&A
Items this document does not state (13)
Gross Profit MarginOperating profit marginSelling, general and administrative expensesResults for the three months of the current quarterBreakdown of Factors Affecting the ChangeRisk 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.

Revenue benefited from higher occupancy at newly opened assisted-living facilities and day-service facilities, an increase in new residents, and sales of senior housing development and solution projects in the real estate business. Profit was lower than in the same period of the previous year, mainly because expenses for new openings of senior-care facilities were recorded.

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Corrections happenIf the company reissues this disclosure, the page is rebuilt from the corrected version and the revision number moves up.
Earnings Presentation Materials for the Second Quarter (Interim Period) of the Fiscal Year Ending March 2027 | As Partners CO.,LTD. (160A) timely disclosure | Komori