Expanding the Business with Detached-Home Sales as the Core and Establishing a Balanced Revenue Structure

「多摩建設を迎えて、４セグメント体制」

「In the Housing business, we recorded revenue of ¥30,368.151 million, up 12.3% year on year, and ordinary profit of ¥3,283.413 million, up 17.3%, mainly from the delivery of 376 detached homes, 16 parcels of land for detached homes and 2 other properties, including 2 custom-built homes and small-scale renovation work, centered on our proprietary Agrecio Series brand. In the Asset Solutions business, we recorded revenue of ¥6,217.082 million, up 73.2% year on year, and ordinary profit of ¥610.389 million, up 70.4%, mainly from the delivery of 7 income-producing condominiums for investors, 6 income-producing apartment buildings, 15 parcels of land for condominiums and other properties, and 1 other project, including 1 contract construction project and real estate rental income.」

「In the Housing business, we recorded revenue of ¥12,936.346 million, up 18.6% year on year, and ordinary profit of ¥1,363.038 million, up 26.6%, mainly from the delivery of 159 detached homes, 8 parcels of land for detached homes and other properties, including 1 custom-built home and small-scale renovation work, centered on our proprietary Agrecio Series brand. In the Asset Solutions business, we recorded revenue of ¥3,226.950 million, up 28.3% year on year, and ordinary profit of ¥418.204 million, up 47.7%, mainly from the delivery of 4 income-producing condominiums for investors and 1 income-producing apartment building. In the Lodging business, revenue increased 65.7% year on year to ¥100.983 million from the opening of lodging facilities using vacant homes, vacant vacation homes and other properties and from operating consulting, but we recorded an ordinary loss of ¥31.965 million, compared with an ordinary loss of ¥29.659 million in the same period of the previous year, because orders for consulting contracts fell short of expectations.」

「In the lodging business operated by Housebird Co., Ltd., which became a subsidiary in the previous consolidated fiscal year, we focused on developing new customers by leveraging our real estate information network and ties with regional financial institutions. The business opens and provides operating consulting for lodging facilities using vacant homes, vacant vacation homes and other properties.」

「Following the acquisition of all shares of Housebird Co., Ltd. on 21 November 2023, we have treated it as a consolidated subsidiary from the current third-quarter consolidated accounting period.」

「In the Detached-Home Sales business, we recorded revenue of ¥7,852.059 million, down 10.2% year on year, and ordinary profit of ¥205.791 million, down 72.6%, mainly from the delivery of 108 detached homes, 8 parcels of land for detached homes and 1 other property, consisting of 1 custom-built home, centered on our proprietary Agrecio Series brand.」

「In the Detached-Home Sales business, we recorded revenue of ¥1,646.444 million, down 43.6% year on year, and an ordinary loss of ¥159.630 million, compared with ordinary profit of ¥154.305 million in the same period of the previous year, mainly from the delivery of 22 detached homes and 4 parcels of land for detached homes, centered on our proprietary Agrecio Series brand.」

「In the Asset Solutions business, we recorded revenue of ¥4,547.286 million, up 312.8% year on year, and ordinary profit of ¥583.015 million, up 435.6%, mainly from the delivery of 6 income-producing condominiums for investors and 4 parcels of business land for condominium and other construction.」

「In the Asset Solutions business, we recorded revenue of ¥3,233.514 million, up 517.4% year on year, and ordinary profit of ¥411.661 million, up 11,499.1%, mainly from the delivery of 3 income-producing condominiums for investors and 4 parcels of business land for condominium and other construction.」

「In the Asset Solutions business, we recorded revenue of ¥2,578.036 million, up 394.1% year on year, and ordinary profit of ¥330.180 million, up 838.5%, mainly from the delivery of 2 income-producing condominiums for investors and 4 parcels of business land for condominium and other construction.」

「In the Asset Solutions business, which mainly handles the construction and sale of income-producing apartment buildings for investors and the sale of commercial land for the construction of apartments and other buildings, we focused on gathering land information in highly scarce areas of central Tokyo and on product planning with the strong design capabilities developed in the detached-home sales business. During the cumulative first-quarter period, 2 apartment buildings under our proprietary brand were completed and delivered.」

「In the Asset Solutions business, deliveries of 1 income-producing apartment building for investors and 4 commercial land lots intended for the construction of apartments and other buildings generated revenue of ¥1,101.603 million, up 27.6% year on year, and ordinary profit of ¥108.842 million, up 468.6% year on year.」

「In the detached-home sales business, deliveries of 185 homes, mainly from our proprietary “Agrecio Series” brand, and 16 subdivided land lots, including 3 lots in the Asset Solutions business, generated revenue of ¥12,382.815 million, down 5.9% year on year, and gross profit of ¥2,223.276 million, up 24.6% year on year.」

「In the detached-home sales business, deliveries of 116 homes, mainly from our proprietary “Agrecio Series” brand, and 9 subdivided land lots, including 3 lots in the Asset Solutions business, generated revenue of ¥7,674.663 million, down 4.9% year on year, and gross profit of ¥1,355.837 million, up 41.9% year on year.」

「Specifically, the company plans to sell investment-purpose rental apartment buildings in highly scarce areas.」

「In addition, the Asset Solutions Department, newly established in April 2019, has focused mainly on collecting various types of real estate information in central Tokyo and establishing new sources of business revenue. In connection with the relocation of the head-office functions to Shinjuku-ku, Tokyo, in September 2020, the department relocated its office and expanded its staff to further strengthen its information-gathering capabilities in central Tokyo. We also added 1 detached-home sales location in central Tokyo, creating a network of 4 locations: Shinjuku Principal Office (newly established), Kichijoji Branch (former principal office), Tama-Plaza Branch and Tokyo Branch.」

「The Asset Solutions Division, newly established in April 2019, worked mainly to collect various types of real estate information in central Tokyo and pursued the establishment of new business revenue sources.」

「The Asset Solutions Division, newly established in April 2019, worked mainly to collect various types of real estate information in central Tokyo and pursued the establishment of new business revenue sources.」

「In addition to our core detached-home sales business, we are actively pursuing custom-built homes and renovation and remodeling for individual customers and contracted construction of detached homes for other companies in the same industry. In the Asset Solutions business, we are exploring every business opportunity surrounding real estate and intend to demonstrate our raison d'être and presence to society.」

「In the Asset Solutions Division, newly established in April 2019, we worked mainly to collect various types of real estate information in central Tokyo and pursued contracted construction of custom-built homes and renovation and remodeling projects for individual customers, centered on the Agre Design Office Daikanyama, opened in April 2017.」

「In addition to our core detached-home sales business, we are actively pursuing custom-built homes and renovation and remodeling for individual customers and contracted construction of detached homes for other companies in the same industry. We are also exploring every business opportunity surrounding real estate and intend to demonstrate our raison d'être and presence to society.」

「In addition, centered on Agre Design Office Daikanyama, which opened in April 2017, we actively pursued contracts for custom-built homes, renovations and remodeling from individual customers, while also continuing to undertake contracts for detached homes from other companies in the same industry, as in the previous fiscal year.」

「In addition, centered on Agre Design Office Daikanyama, which opened in April 2017, we actively pursued contracts for custom-built homes, renovations and remodeling from individual customers, while also continuing to undertake contracts for detached homes from other companies in the same industry, as in the previous fiscal year.」

「In addition to our core detached-home sales business, we are actively pursuing custom-built homes and remodeling for individual customers and contracted construction of detached homes for other companies in the same industry. We are also exploring every business opportunity surrounding real estate and intend to demonstrate our raison d'être and presence to society.」

「Amid growing uncertainty over the outlook for the domestic real estate market, we will continue to pursue agile and flexible management to build a balanced earnings structure centered on the detached-home sales business.」

「We will continue to pursue agile and flexible management to build a balanced earnings structure centered on the detached-home sales business.」