Worth reading
42Recurring
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
31643
¥ million (change in revenue from the previous fiscal year's actual results)Wording
Avoiding a definitive answer
How definitive the wording is.Items stated in the management plan
Annual updateNet Sales+27.7%
基準 114,357Target146,000million
Operating profit+6.8%
基準 10,301Target11,000million
Operating profit margin+1.0pt
基準 2,026Target2,027%
Net income for the current fiscal year-67.5%
基準 12,293Target4,000million
Each line is the climb from the baseline the document states to the target it sets. The slope is scaled against the largest climb in this document. For metrics expressed as percentages, differences are shown in percentage points (pt).The increase shown by the dotted line is calculated from the two reported figures because the company did not provide the amount of growth.
Statements about the use of capital
Payout ratio / DOE policyTo be considered over the long term in light of financial performance and business growth potentialThe payout ratio is the proportion of profit paid out as dividends, while DOE is the ratio of dividends to net assets.
Treasury share acquisition policyShare repurchases and dividends will be considered over the long term in light of financial performance and business growth potential. Completed share repurchases: the first program ran from 15 January 2025 to 19 March 2025, involving 2,140,000 shares for ¥3,419 million. The second ran from 15 April 2025 to 5 June 2025, involving 1,800,200 shares for ¥3,499 million.
Key initiatives
01Centered on the corporate office market, expand new openings, contract operations and adjacent services to broaden the customer base and maximize revenue opportunities
02Develop and strengthen the business foundations of Group companies and improve profitability and growth potential by creating synergies through the use of TKP's customer base and operating expertise
03While maintaining financial discipline and focusing on capital efficiency, flexibly execute growth investments, including M&A, capital investment and DX, with the aim of enhancing corporate value over the medium to long term
04Expand, develop and provide services
05Revitalize the business foundation through sales and marketing
06Continue strengthening new openings
07Optimize pricing
08Expand usable floor area
09Increase unit prices
10Taking on New Restaurant Formats
11M&A strategy: business areas, policy investments and business partnerships
12Develop multilayered initiatives centered on revitalization
Non-financial targetsIndicator name New openings and expansion of existing locations / Target value Approximately 5,000 tsubo / Timing From the fiscal year ending February 2027 onward
Size of the Target MarketMarket Size Approximately ¥700 billion / Source The company's estimate based on the Overview of Price Survey Reports on Fixed Assets for Fiscal 2024, Tokyo Land 2024, and various surveys concerning office use, Market Size Estimated rental meeting room market size (2015–2026) / Source The company's estimate based on Yano Research Institute's Case Studies and Trends Survey of the Space Utilization Business 2019 and its own meeting room sales results
Risks identified by the company
Fixed-Asset Impairment
Surging raw material prices
Decline in demand due to infectious disease outbreaks, natural disasters, economic downturns and other factors
Difficulty securing properties and space for the flexible office business
Intensifying competition in the industries in which the company operates
Handling of personal information and other data
Difficulty in recruiting personnel
Loss of the benefit of time on borrowings
| Item | Details |
|---|---|
| Plan name | Business Plan and Growth Potential |
| Progress against the plan | Annual update |
| Sales Target | 114,357 (actual results for the fiscal year ended February 2026) → 146,000 (forecast for the fiscal year ending February 2027)（+27.7%） |
| Operating profit target | 10,301 (actual results for the fiscal year ended February 2026) → 11,000 (forecast for the fiscal year ending February 2027)（+6.8%） |
| Operating profit margin target | 9.0% (actual results for the fiscal year ended February 2026) → 7.5% (forecast for the fiscal year ending February 2027) |
| Net income target | 12,293 (actual results for the fiscal year ended February 2026) → 4,000 (forecast for the fiscal year ending February 2027)（△67.5%） |
| Payout ratio / DOE policy | To be considered over the long term in light of financial performance and business growth potential |
| Treasury share acquisition policy | Share repurchases and dividends will be considered over the long term in light of financial performance and business growth potential. Completed share repurchases: the first program ran from 15 January 2025 to 19 March 2025, involving 2,140,000 shares for ¥3,419 million. The second ran from 15 April 2025 to 5 June 2025, involving 1,800,200 shares for ¥3,499 million. |
| Non-financial targets | Indicator name New openings and expansion of existing locations / Target value Approximately 5,000 tsubo / Timing From the fiscal year ending February 2027 onward |
| Key initiatives | Centered on the corporate office market, expand new openings, contract operations and adjacent services to broaden the customer base and maximize revenue opportunities, Develop and strengthen the business foundations of Group companies and improve profitability and growth potential by creating synergies through the use of TKP's customer base and operating expertise, While maintaining financial discipline and focusing on capital efficiency, flexibly execute growth investments, including M&A, capital investment and DX, with the aim of enhancing corporate value over the medium to long term, Expand, develop and provide services, Revitalize the business foundation through sales and marketing, Continue strengthening new openings, Optimize pricing, Expand usable floor area, Increase unit prices, Taking on New Restaurant Formats, M&A strategy: business areas, policy investments and business partnerships, Develop multilayered initiatives centered on revitalization |
| Size of the Target Market | Market Size Approximately ¥700 billion / Source The company's estimate based on the Overview of Price Survey Reports on Fixed Assets for Fiscal 2024, Tokyo Land 2024, and various surveys concerning office use, Market Size Estimated rental meeting room market size (2015–2026) / Source The company's estimate based on Yano Research Institute's Case Studies and Trends Survey of the Space Utilization Business 2019 and its own meeting room sales results |
| Risks identified | Fixed-Asset Impairment, Surging raw material prices, Decline in demand due to infectious disease outbreaks, natural disasters, economic downturns and other factors, Difficulty securing properties and space for the flexible office business, Intensifying competition in the industries in which the company operates, Handling of personal information and other data, Difficulty in recruiting personnel, Loss of the benefit of time on borrowings |
| Publication date | 29 May 2026 |
Items this document does not state (12)
Plan periodROE targetROIC targetCost of capitalSelf-assessment of PBR and share priceTotal investment planInvestment amount by sectorSegment targetPlan assumptionsResults under the previous planReason for revision or withdrawalDate of board resolution
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 company expects revenue, operating profit and ordinary profit to reach record highs, driven by growth in each business. In the Space Regeneration and Distribution Business, it will address diverse office-use needs and strengthen investment in facilities, including communications infrastructure, in addition to actively opening new locations. Group companies under the new organizational structure will focus on developing their business foundations and creating synergies. The decline in net income attributable to owners of the parent reflects the impact of recording ¥11,861 million in extraordinary income in the previous fiscal year from the sale of fixed assets at APA Hotel〈TKP Nippori Ekimae〉.
How to read this page
This is not the documentKomori reads the disclosure the company filed and writes this summary. Figures are as stated by the company and are not audited.
Weight is not a verdictIt measures how much this changes what the company had already told the market. It is not a view on the shares.
Corrections happenIf the company reissues this disclosure, the page is rebuilt from the corrected version and the revision number moves up.