Worth reading
91Important
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
26.4
Year-on-year revenue growth (%)Wording
Avoiding a definitive answer
How definitive the wording is.Contents of this document
Financial results presentationQ3 FY202611 items taken from the company’s own explanation
Financial Results Figures (The key points of this material are explained below)
Net Sales¥12,265 million+26.4%
Operating profit¥2,151 million+26.6%
Ordinary income¥2,144 million+26.7%
Net income¥1,529 million+26.8%
Operating profit margin17.5 %
Results for the three months of the current quarter
Revenue from parking sublease services
¥4,068 million+30.1%
Company-wide revenue
¥4,458 million
Operating profit margin
24.2 %
Full-year earnings forecast
Net Sales
¥17,000 million
Operating profit
¥3,150 million
Operating profit margin
18.5 %
Ordinary income
¥3,140 million
Net income
¥2,200 million
Annual Dividend
¥126 per share
EPS
¥179.27
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 Sales72.1 %
Operating profit68.3 %
Ordinary income68.5 %
Net income69.5 %
What the company explained in this material
Breakdown of Factors Affecting the ChangeReasons cited by the Company for the change in the figures.
Change in operating profit from the same period of the previous year
Rental income¥1,880 million
Fee Income¥389 million
Gross profit related to other services¥115 million
Rent paid to parking lot owners and others¥-431 million
Personnel and hiring costs¥-1,529 million
Office rent and costs related to expanding and relocating the office¥-111 million
Depreciation¥-4 million
General and other expenses¥-13 million
Operating profit of group subsidiaries¥157 million
Change in full-year operating profit forecast
Rental income¥2,810 million
Fee Income¥305 million
Gross profit related to other services¥200 million
Rent paid to parking lot owners and others¥-2,000 million
Personnel and hiring costs¥-560 million
Office rent and costs related to expanding and relocating the office¥-130 million
Advertising and outsourcing expenses¥-10 million
Depreciation of property, plant and equipment and amortization of software¥-30 million
General and other expenses¥-108 million
Operating profit of group subsidiaries¥60 million
Assumptions Underlying the Business OutlookThe assumptions used by the company in preparing its forecast.
Productivity improvement from the use of AIExpected to make a full-scale contribution from the second half of FY2026
New initiatives
- Full-scale use of the AI project SYNAPSE
- Release of Smart Meeting Room Pro and promotion of DX related to parking
- Expansion of the introduction of the generative AI rendering service MyRenderer
- Promotion of offshore CG production in Vietnam
Key KPIsA metric the company considers important as a management benchmark.
- Number of contracted parking spaces42,432 Units
- Utilization rate at period-end93.2 %Year on year against the same period last year-0.3pt
- Sublease ARR¥16,785 millionQuarter-on-quarter change4.2
- Number of guarantee service contracts28,023 Engagements
- Number of inquiries (cumulative through 3Q)351,346 Engagements
Unit price and quantity metricsThese figures show sales broken down by price and volume.
Average number of spaces contracted per person (sales representatives within 1 year of joining the company)
6.54 spaces in March 2025, 10.09 spaces in March 2026
Year on year against the same period last yearIncreased
Segment results
Idle Asset Utilization business
Net Sales
¥12,062 million+26.4%
Segment profit
¥2,129 million+24.4%
Visualization business
Net Sales
¥206 million+26.1%
Segment profit
¥24 million+35.0%
Medium-term management plan targets
Target fiscal yearFiscal year ending September 2030
Net Sales
¥50,000 million
Operating profit
¥12,500 million
Operating profit margin
25 %
Number of contracted spaces
120,000 spaces or more
ROE
40 % or higher
Financial targets
ROE
Target40% or more
Fiscal year ended September 2025 actual34.7 %
Number of employees
Hires during the periodApproximately 100
Annual Dividend
¥126 per share
Acquisition of treasury shares
Implement share buybacks flexibly at appropriate times, taking capital policy and other factors into consideration| Item | Details |
|---|---|
| Document type | Financial results presentation |
| Fiscal Period Covered | Q3 FY2026 |
| Net Sales | ¥12,265 million (YoY +26.4%) |
| Operating profit | ¥2,151 million (YoY +26.6%) |
| Ordinary income | ¥2,144 million (YoY +26.7%) |
| Net income | ¥1,529 million (YoY +26.8%) |
| Operating profit margin | 17.5 % |
| Results for the three months of the current quarter | Revenue from parking sublease services ¥4,068 million (YoY +30.1%) / Company-wide revenue ¥4,458 million / Operating profit margin 24.2 % |
| Full-year earnings forecast | Net Sales ¥17,000 million / Operating profit ¥3,150 million / Operating profit margin 18.5 % / Ordinary income ¥3,140 million / Net income ¥2,200 million / Annual Dividend ¥126 per share / EPS ¥179.27 |
| Progress against full-year forecast | Net Sales 72.1 % / Operating profit 68.3 % / Ordinary income 68.5 % / Net income 69.5 % |
| Segment results | Idle Asset Utilization business Net Sales ¥12,062 million (YoY +26.4%) / Segment profit ¥2,129 million (YoY +24.4%) / Visualization business Net Sales ¥206 million (YoY +26.1%) / Segment profit ¥24 million (YoY +35.0%) |
| Breakdown of Factors Affecting the Change | Change in operating profit from the same period of the previous year Rental income ¥1,880 million / Fee Income ¥389 million / Gross profit related to other services ¥115 million / Rent paid to parking lot owners and others ¥-431 million / Personnel and hiring costs ¥-1,529 million / Office rent and costs related to expanding and relocating the office ¥-111 million / Depreciation ¥-4 million / General and other expenses ¥-13 million / Operating profit of group subsidiaries ¥157 million / Change in full-year operating profit forecast Rental income ¥2,810 million / Fee Income ¥305 million / Gross profit related to other services ¥200 million / Rent paid to parking lot owners and others ¥-2,000 million / Personnel and hiring costs ¥-560 million / Office rent and costs related to expanding and relocating the office ¥-130 million / Advertising and outsourcing expenses ¥-10 million / Depreciation of property, plant and equipment and amortization of software ¥-30 million / General and other expenses ¥-108 million / Operating profit of group subsidiaries ¥60 million |
| Key KPIs | Indicator name Number of contracted parking spaces / Value 42,432 Units / Year on year against the same period last year Not disclosed, Indicator name Utilization rate at period-end / Value 93.2 % / Year on year against the same period last year -0.3pt, Indicator name Sublease ARR / Value ¥16,785 million / Year on year against the same period last year Not disclosed / Quarter-on-quarter change ¥4.2 million, Indicator name Number of guarantee service contracts / Value 28,023 Engagements / Year on year against the same period last year Not disclosed, Indicator name Number of inquiries (cumulative through 3Q) / Value 351,346 Engagements / Year on year against the same period last year Not disclosed |
| Unit price and quantity metrics | Average number of spaces contracted per person (sales representatives within 1 year of joining the company) Value 6.54 spaces in March 2025, 10.09 spaces in March 2026 / Year on year against the same period last year Increased |
| Number of employees | Hires during the period Approximately 100 |
| Assumptions Underlying the Business Outlook | Productivity improvement from the use of AI Expected to make a full-scale contribution from the second half of FY2026 |
| Medium-term management plan targets | Target fiscal year Fiscal year ending September 2030 / Net Sales ¥50,000 million / Operating profit ¥12,500 million / Operating profit margin 25 % / Number of contracted spaces 120,000 spaces or more / ROE 40 % or higher |
| Financial targets | ROE Target 40% or more / Fiscal year ended September 2025 actual 34.7 % |
| Annual Dividend | ¥126 per share |
| Acquisition of treasury shares | Implement share buybacks flexibly at appropriate times, taking capital policy and other factors into consideration |
| New initiatives | Full-scale use of the AI project SYNAPSE, Release of Smart Meeting Room Pro and promotion of DX related to parking, Expansion of the introduction of the generative AI rendering service MyRenderer, Promotion of offshore CG production in Vietnam |
Items this document does not state (10)
Gross Profit MarginSelling, general and administrative expensesSelf-assessment against the planNumber of stores and locationsRisk amount incorporated into the outlookPayout ratioCapital 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 increased due to growth in the number of active spaces under the sublease service and an increase in the number of managed spaces. On the profit side, higher rental and fee income contributed, while personnel and hiring costs, office rent, and costs associated with expanding and relocating the office increased.
How to read this page
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