Turning the Rental Brokerage Business Profitable During the Fiscal Year
First written in FY2021-Q1. 6 of 24 entries say "Advanced", first in FY2022-Q1. Latest entry: FY2026.
1 other company's latest entry also says "Advanced".
- FY2026AdvancedAnnual report
「Revenue was ¥1,083.158 million, up 6.2% year on year, an increase of ¥62.937 million, and segment profit (operating profit) was ¥78.903 million, up 44.2% year on year, an increase of ¥24.194 million.」
The rental brokerage business generated full-year operating profit of ¥78.903 million, an increase from the previous fiscal year. - FY2026-H1Operating losses continued in the interim period but narrowedAnnual report
「During the interim consolidated accounting period, the Company continued efforts to reduce staffing for data-entry work and increase the number of customer inquiries through the use of the AI×RPA tool RAKUTECH. In addition to strengthening its existing non-face-to-face services, including web-based customer acquisition through a stronger advertising strategy, remote customer service, virtual property viewings and electronic contracting using its proprietary electronic-signature service AMBITION Sign, the Company also focused on strengthening sales to corporate customers and students, promoting improvements in the customer experience when searching for a home. As a result, revenue was ¥419.015 million, up 7.7% year on year, an increase of ¥29.925 million, and segment loss (operating loss) was ¥40.853 million, compared with a segment loss of ¥63.617 million in the same period of the previous year.」
The rental brokerage business posted an operating loss of ¥40.853 million in the interim period and continued to be loss-making after returning to profitability. However, the loss narrowed from ¥63.617 million in the same period of the previous year. - FY2025AdvancedAnnual report
「As a result, revenue was ¥1,020.221 million, up 10.9% year on year, an increase of ¥99.874 million, and segment profit (operating profit) was ¥54.708 million, up 301.7% year on year, an increase of ¥41.089 million.」
The rental brokerage business, which was loss-making in the interim period, recovered to profitability for the full year with operating profit of ¥54.708 million and remained profitable. - FY2025-H1Operating loss narrowed in the interim periodAnnual report
「As a result, revenue was ¥389.089 million, up 8.2% year on year, an increase of ¥29.566 million, while the segment loss (operating loss) was ¥63.617 million, compared with a segment loss of ¥70.487 million in the same period of the previous year.」
The rental DX brokerage business generated higher revenue year on year, while its operating loss narrowed from ¥70.487 million to ¥63.617 million. However, it remained loss-making in the interim period. - FY2024Remained profitable for the full year but profit declinedAnnual report
「As a result, revenue was ¥920.346 million, up 6.3% year on year, an increase of ¥54.946 million, and segment profit (operating profit) was ¥13.619 million, down 52.8% year on year, a decrease of ¥15.211 million.」
The rental brokerage business remained profitable on an operating basis for the full year, but operating profit declined year on year due to investment in personnel, store openings and other factors. - FY2024-Q3Remained profitable but profit declined on a cumulative third-quarter basisAnnual report
「Revenue increased as these initiatives, increased staffing ahead of the peak season and employee training proved effective, while segment profit declined due to personnel costs and store openings, including 2 more stores than in the same period of the previous year. As a result, revenue was ¥705.721 million, up 6.0% year on year, an increase of ¥40.144 million, and segment profit (operating profit) was ¥32.162 million, down 34.6% year on year, a decrease of ¥17.006 million.」
The rental brokerage business remained profitable, with operating profit of ¥32.162 million on a cumulative third-quarter basis, but profit declined year on year due to investment in personnel, store openings and other factors. - FY2024-Q1Operating losses continued and widened in the first quarterAnnual report
「As a result, revenue was ¥162.963 million, up 6.7% year on year, an increase of ¥10.280 million, while the segment loss (operating loss) was ¥52.997 million, compared with a segment loss of ¥41.821 million in the same period of the previous year.」
Although revenue increased, the rental brokerage business's operating loss in the first quarter widened from the same period of the previous year due to investment in personnel and DX initiatives and higher advertising expenses. - FY2023Remained profitable but profit declinedAnnual report
「As a result, revenue was ¥865.399 million, up 13.5% year on year, an increase of ¥102.605 million, and segment profit (operating profit) was ¥28.831 million, down 71.1% year on year, a decrease of ¥70.818 million.」
The rental brokerage business maintained higher revenue and an operating profit, but operating profit declined from ¥99.649 million to ¥28.831 million due to higher operating personnel costs, DX investment, advertising expenses and other factors. - FY2023-Q3AdvancedAnnual report
「As a result, revenue was ¥665.577 million, up 12.1% year on year, an increase of ¥71.971 million, and segment profit (operating profit) was ¥49.169 million, down 63.4% year on year, a decrease of ¥85.140 million.」
The rental DX brokerage business, which was loss-making on a cumulative second-quarter basis, recovered to profitability with operating profit of ¥49.169 million on a cumulative third-quarter basis. However, profit declined year on year. - FY2023-Q2Operating losses continued and widened on a cumulative second-quarter basisAnnual report
「As a result, revenue was ¥327.099 million, up 11.1% year on year, an increase of ¥32.794 million, while the segment loss (operating loss) was ¥56.816 million, compared with segment profit of ¥15.633 million in the same period of the previous year.」
Although revenue increased, the rental brokerage business swung from operating profit of ¥15.633 million in the same period of the previous year to an operating loss of ¥56.816 million. The Company identified investment in personnel and DX initiatives and higher advertising expenses as factors behind the decline in profit. - FY2023-Q1Turned to an operating loss in the first quarterAnnual report
「As a result, revenue was ¥152.683 million, up 9.9% year on year, an increase of ¥13.704 million, while the segment loss (operating loss) was ¥41.821 million, compared with segment profit of ¥1.315 million in the same period of the previous year, a decrease of ¥43.137 million.」
Although revenue increased, the rental brokerage business, after returning to profitability, posted an operating loss of ¥41.821 million in the first quarter due to higher personnel costs, DX initiatives and advertising expenses. - FY2022RestatedAnnual report
「As a result, revenue was ¥762.794 million, up 2.9% year on year, an increase of ¥21.667 million, and segment profit (operating profit) was ¥99.649 million, up 36.3% year on year, an increase of ¥26.538 million. Productivity per store continued to improve.」
After returning to profitability, the rental brokerage business generated full-year operating profit of ¥99.649 million, with productivity per store continuing to improve. - FY2022-Q3RestatedAnnual report
「As a result, revenue was ¥593.605 million, up 2.8% year on year, and segment profit (operating profit) was ¥134.310 million, up 71.8% year on year. Higher productivity per store enabled the business to achieve its first profit in a first quarter, its off-peak season, and it continued to perform steadily in the third quarter.」
Following its first profit in the first quarter, the rental brokerage business generated operating profit of ¥134.310 million in the third quarter and remained profitable. - FY2022-Q2RestatedAnnual report
「As a result, revenue was ¥294.305 million, up 3.9% year on year, and segment profit (operating profit) was ¥15.633 million, compared with a segment loss of ¥29.231 million in the same period of the previous year. Higher productivity per store enabled the business to achieve its first profit in a first quarter, its off-peak season, and it continued to perform steadily in the second quarter.」
The rental brokerage business remained profitable on an operating basis in the second quarter following the first quarter, maintaining its performance after returning to profitability. - FY2022-Q1AdvancedAnnual report
「As a result, revenue was ¥138.978 million, up 4.2% year on year, and segment profit (operating profit) was ¥1.315 million, compared with a segment loss of ¥20.982 million in the same period of the previous year. Improved productivity per store enabled the business to achieve profitability for the first time in the first quarter, which is the off-peak season.」
After achieving full-year profitability, the business also achieved its first operating profit in the first quarter, its off-peak season. Higher productivity per store is identified as the means of achieving this. - FY2021AchievedAnnual report
「In addition to offsetting the adverse impact of fewer customer visits during the COVID-19 pandemic by strengthening remote customer service, the Company improved productivity per store through operating-efficiency gains and SG&A control following the introduction of RAKUTECH. As a result, it generated more operating profit than in a typical year during the third quarter, its peak season, and achieved a return to profitability for the full year.」
The rental brokerage business generated operating profit of ¥73.111 million and achieved its full-year target of turning profitable during the current fiscal year. - FY2021-Q3AchievedAnnual report
「As a result, revenue for the 9-month period ended in the third quarter was ¥577.276 million, up 22.6% year on year, and segment profit (operating profit) was ¥78.188 million, compared with a segment loss of ¥41.407 million in the same period of the previous year. The Company achieved a return to profitability by improving operating efficiency and controlling SG&A expenses through the introduction of RAKUTECH.」
The rental brokerage business swung from an operating loss in the same period of the previous year to operating profit of ¥78.188 million, explicitly achieving its target of turning profitable during the current fiscal year. - FY2021-Q2RestatedAnnual report
「The deficit is narrowing as productivity per store improves, and we expect to turn profitable during the current fiscal year because new measures are proving effective even amid the COVID-19 pandemic.」
Reconfirms the target of reducing losses through higher productivity per store and new customer-acquisition initiatives, and turning profitable during the current fiscal year. - FY2021-Q1First statedAnnual report
「The deficit is narrowing as productivity per store improves, and we expect to turn profitable during the current fiscal year.」
For the first time, states a target of turning the rental brokerage business profitable during the current fiscal year by improving productivity per store.