Worth reading
55In 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
16.5
Year-on-year change in revenue (%)Wording
Definitive
How definitive the wording is.Contents of this document
Financial Results PresentationFirst quarter 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 Sales2,959 Millions of yen+16.5%
Operating profit770 Millions of yen+46.0%
Ordinary income622 Millions of yen+51.6%
Net income416 Millions of yen+49.4%
Results for the three months of the current quarter
Net Sales
2,959 Millions of yen
Operating profit
770 Millions of yen
Ordinary income
622 Millions of yen
Net income for the current fiscal year
416 Millions of yen
Full-year earnings forecast
Net Sales
11,525 Millions of yen
Ordinary income
1,384 Millions of yen
Revenue from the property management business
4,523 Millions of yen
Property management business profit
659 Millions of yen
Real estate leasing business revenue
7,002 Millions of yen
Property leasing business profit
1,631 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。not disclosed (the materials state progress against the interim earnings forecast)
What the company explained in this material
Self-assessment against the planThe company's self-assessment against its own plan.
Significant progress against the earnings forecast / performing stronglyBreakdown of Factors Affecting the ChangeReasons cited by the Company for the change in the figures.
not disclosed (the factors are explained in text, but changes by factor are not shown)
Assumptions Underlying the Business OutlookThe assumptions used by the company in preparing its forecast.
Interest expenses are expected to increase due to rising interest rates. Numerical assumptions: not disclosed.New initiatives
- A regional expansion policy of prioritizing the acquisition of the Company's properties, establishing the business foundation, and then opening management offices
- Participation in Kyoto City's housing program supporting young people and child-rearing households (Belle Vie Town Kyoto Fushimi)
Key KPIsA metric the company considers important as a management benchmark.
- Units under management29,627 unitsYear on year against the same period last yearup 1,302 properties
- Properties under management contracts22,481 unitsYear on year against the same period last yearup 654 properties
- Properties owned by the Company7,146 unitsYear on year against the same period last yearup 648 properties
- Overall occupancy rate98.1 %
- Occupancy rate of properties under management contracts97.8 %
Segment results
Property Management Business
Net Sales
1,175 Millions of yen
Year-on-Year Change in Revenue (%)21.6
Operating profit
242 Millions of yen
Profit year-on-year change_pct87.1
Real Estate Leasing Business
Net Sales
1,783 Millions of yen
Year-on-Year Change in Revenue (%)13.3
Operating profit
528 Millions of yen
Profit year-on-year change_pct32.6
Number of employees
Number of Employees261 People
Record date31 March 2026
Annual Dividend
Annual dividend per share¥100
Payout ratio
not disclosed (the materials show a forecast payout ratio of 47.6% for the fiscal year ending March 2027 as part of the payout ratio trend)Acquisition of treasury shares
Acquisition results were mentioned, but the amount, number of shares and period for the acquisition framework were not disclosed| Item | Details |
|---|---|
| Document type | Financial Results Presentation |
| Fiscal Period Covered | First quarter of the fiscal year ending March 2027 |
| Net Sales | 2,959 Millions of yen (YoY +16.5%) |
| Operating profit | 770 Millions of yen (YoY +46.0%) |
| Ordinary income | 622 Millions of yen (YoY +51.6%) |
| Net income | 416 Millions of yen (YoY +49.4%) |
| Results for the three months of the current quarter | Net Sales 2,959 Millions of yen / Operating profit 770 Millions of yen / Ordinary income 622 Millions of yen / Net income for the current fiscal year 416 Millions of yen |
| Full-year earnings forecast | Net Sales 11,525 Millions of yen / Ordinary income 1,384 Millions of yen / Revenue from the property management business 4,523 Millions of yen / Property management business profit 659 Millions of yen / Real estate leasing business revenue 7,002 Millions of yen / Property leasing business profit 1,631 Millions of yen |
| Progress against full-year forecast | not disclosed (the materials state progress against the interim earnings forecast) |
| Self-assessment against the plan | Significant progress against the earnings forecast / performing strongly |
| Segment results | Property Management Business Net Sales 1,175 Millions of yen / Year-on-Year Change in Revenue (%) 21.6 / Operating profit 242 Millions of yen / Profit year-on-year change_pct 87.1 / Real Estate Leasing Business Net Sales 1,783 Millions of yen / Year-on-Year Change in Revenue (%) 13.3 / Operating profit 528 Millions of yen / Profit year-on-year change_pct 32.6 |
| Breakdown of Factors Affecting the Change | not disclosed (the factors are explained in text, but changes by factor are not shown) |
| Key KPIs | Units under management 29,627 units, Properties under management contracts 22,481 units, Properties owned by the Company 7,146 units, Overall occupancy rate 98.1 %, Occupancy rate of properties under management contracts 97.8 % |
| Number of employees | Number of Employees 261 People / Record date 31 March 2026 / Change during the period Not disclosed / Hiring plan Not disclosed |
| Assumptions Underlying the Business Outlook | Interest expenses are expected to increase due to rising interest rates. Numerical assumptions: not disclosed. |
| Annual Dividend | Annual dividend per share ¥100 / Interim Not disclosed / End of period Not disclosed |
| Payout ratio | not disclosed (the materials show a forecast payout ratio of 47.6% for the fiscal year ending March 2027 as part of the payout ratio trend) |
| Acquisition of treasury shares | Acquisition results were mentioned, but the amount, number of shares and period for the acquisition framework were not disclosed |
| New initiatives | A regional expansion policy of prioritizing the acquisition of the Company's properties, establishing the business foundation, and then opening management offices, Participation in Kyoto City's housing program supporting young people and child-rearing households (Belle Vie Town Kyoto Fushimi) |
Items this document does not state (12)
Gross Profit MarginOperating profit marginSelling, general and administrative expensesUnit price and quantity metricsNumber of stores and locationsRisk amount incorporated into the outlookMedium-term management plan targetsFinancial targetsCapital 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.Brokerage performed strongly, as did construction and other sales; rental income increased by more than 10%; the Company's properties acquired in the previous fiscal year became operational; and the number of properties under management increased. The increase in revenue absorbed higher repair and depreciation expenses associated with the increase in the Company's properties, resulting in higher operating profit. For ordinary profit, the increase in revenue exceeded the increase in interest expenses.
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