Worth reading
50Recurring
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
2.4
Year-on-year change in revenue (%)Wording
Conditional
How definitive the wording is.Contents of this document
Earnings presentation materialsFirst quarter of the fiscal year ending June 20279 items taken from the company’s own explanation
Financial Results Figures (The key points of this material are explained below)
Net Sales¥1,248 million+2.4%
Operating profit¥44 million-52.5%
Ordinary income¥36 million-66.4%
Net income¥24 million-67.8%
Gross Profit Margin57.7 %
Operating profit margin3.5 %
Selling, general and administrative expensesIn line with the previous-year period (¥653 million on the graph)
Results for the three months of the current quarter
Net Sales
¥1,248 million
Operating profit
¥44 million
Ordinary income
¥36 million
Net income
¥24 million
Recurring revenue
¥1,143 million+11.5%
MRR
¥372,878 thousand+9.5%
Average monthly churn rate
0.5 %
Full-year earnings forecast
Net Sales
¥6,000 million
Operating profit
¥600 million
EBITDA
¥1,230 million
Ordinary income
¥600 million
Net income for the current fiscal year
¥360 million
Earnings per share
¥26.12
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 Sales20.8
Operating profit7.3
Net income for the current fiscal year6.7
What the company explained in this material
Self-assessment against the planThe company's self-assessment against its own plan.
Against the full-year plan, revenue and profit are progressing in line with the Company's seasonality, as in the previous yearBreakdown of Factors Affecting the ChangeReasons cited by the Company for the change in the figures.
Factors driving the increase in revenue
- Increased use of paid services
- Strengthening the customer base to support MRR growth
- Expansion of brokerage solutions
Factors contributing to the decline in profit
- Depreciation of 賃貸革命11 (rental management system)
- Increase in software amortisation
- Increase in cloud-related costs
- Costs associated with increasing headcount
New initiatives
- Expansion of data provision for the CRIX rental housing indicator to the Rental Management Map on 楽待, a real estate investment platform
- Launch of trial availability of a local MCP server for the "賃貸革命11" rental-management software
- Phased implementation of AI functions in new and existing products
- Start of validation for secure integration between "賃貸革命" rental-management software and AI
- Interim dividends to begin from the fiscal year ending June 2027
Key KPIsA metric the company considers important as a management benchmark.
- Recurring revenue¥1,143 millionYear on year against the same period last year+11.5%
- MRR¥372,878 thousandYear on year against the same period last year+9.5%
- Average monthly churn rate0.5 %Year on year against the same period last yearPrevious fiscal year's average actual: 0.5%
- Number of customers using free services68,288 Customer Base
- Number of customers using paid monthly services7,162 Customer Base
- Number of offices adopting the electronic rental application service4,102 sites
- Number of offices adopting the electronic contracting service806 sites
Segment results
Brokerage Solutions
Net Sales
¥517 million
Year on year against the same period last year+8.3%
Management Solutions
Net Sales
¥693 million
Year on year against the same period last year-4.7%
Market Size / Share
Real estate tech market size
¥23,780 100 million
Fiscal yearForecast for FY2030
Number of customers using free services
56,000 Providers
As ofEnd of June 2025
Number of stores and locations
End of period28 Location
Number of employees
Number of permanent employees346 people
Annual Dividend
¥13 per share
Interim Dividend6
Year-end dividend7
| Item | Details |
|---|---|
| Document type | Earnings presentation materials |
| Fiscal Period Covered | First quarter of the fiscal year ending June 2027 |
| Net Sales | ¥1,248 million (YoY +2.4%) |
| Operating profit | ¥44 million (YoY -52.5%) |
| Ordinary income | ¥36 million (YoY -66.4%) |
| Net income | ¥24 million (YoY -67.8%) |
| Gross Profit Margin | 57.7 % |
| Operating profit margin | 3.5 % |
| Selling, general and administrative expenses | In line with the previous-year period (¥653 million on the graph) |
| Results for the three months of the current quarter | Net Sales ¥1,248 million / Operating profit ¥44 million / Ordinary income ¥36 million / Net income ¥24 million / Recurring revenue ¥1,143 million (YoY +11.5%) / MRR ¥372,878 thousand (YoY +9.5%) / Average monthly churn rate 0.5 % |
| Full-year earnings forecast | Net Sales ¥6,000 million / Operating profit ¥600 million / EBITDA ¥1,230 million / Ordinary income ¥600 million / Net income for the current fiscal year ¥360 million / Earnings per share ¥26.12 |
| Progress against full-year forecast | Net Sales 20.8 / Operating profit 7.3 / Net income for the current fiscal year 6.7 |
| Self-assessment against the plan | Against the full-year plan, revenue and profit are progressing in line with the Company's seasonality, as in the previous year |
| Segment results | Brokerage Solutions Net Sales ¥517 million / Year on year against the same period last year 8.3 / Management Solutions Net Sales ¥693 million / Year on year against the same period last year -4.7 |
| Breakdown of Factors Affecting the Change | Factors driving the increase in revenue Increased use of paid services, Strengthening the customer base to support MRR growth, Expansion of brokerage solutions / Factors contributing to the decline in profit Depreciation of 賃貸革命11 (rental management system), Increase in software amortisation, Increase in cloud-related costs, Costs associated with increasing headcount |
| Key KPIs | Indicator name Recurring revenue / Value ¥1,143 million / Year on year against the same period last year ¥11.5 million, Indicator name MRR / Value ¥372,878 thousand / Year on year against the same period last year ¥9.5 thousand, Indicator name Average monthly churn rate / Value 0.5 % / Year on year against the same period last year Previous fiscal year's average actual: 0.5%, Indicator name Number of customers using free services / Value 68,288 Customer Base / Year on year against the same period last year Not disclosed, Indicator name Number of customers using paid monthly services / Value 7,162 Customer Base / Year on year against the same period last year Not disclosed, Indicator name Number of offices adopting the electronic rental application service / Value 4,102 sites, Indicator name Number of offices adopting the electronic contracting service / Value 806 sites |
| Number of stores and locations | End of period 28 Location / Number of store openings and closures during the period Not disclosed |
| Number of employees | Number of permanent employees 346 people / Change during the period Not disclosed / Hiring plan Not disclosed |
| Annual Dividend | ¥13 per share |
| Market Size / Share | Real estate tech market size ¥23,780 100 million / Number of customers using free services 56,000 Providers |
| New initiatives | Expansion of data provision for the CRIX rental housing indicator to the Rental Management Map on 楽待, a real estate investment platform, Launch of trial availability of a local MCP server for the "賃貸革命11" rental-management software, Phased implementation of AI functions in new and existing products, Start of validation for secure integration between "賃貸革命" rental-management software and AI, Interim dividends to begin from the fiscal year ending June 2027 |
Items this document does not state (10)
Unit price and quantity metricsAssumptions Underlying the Business OutlookRisk amount incorporated into the outlookMedium-term management plan targetsFinancial targetsPayout ratioAcquisition of treasury sharesCapital expendituresOrders received and order backlogKey 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.In brokerage solutions, the customer base was strengthened to support increased use of paid services and MRR growth. On the earnings side, expenses increased due to higher headcount, depreciation of the "賃貸革命11" rental-management software, software amortisation and cloud-related costs.
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.