Worth reading
56In focus
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
25.47
¥ millionWording
Conditional
How definitive the wording is.Contents of this document
Earnings briefing transcriptFirst quarter of the fiscal year ending December 20268 items taken from the company’s own explanation
Financial Results Figures (The key points of this material are explained below)
Net Sales¥25.47 million+88.1%
Net income¥6.5 100 million full-year forecast
Results for the three months of the current quarter
Net Sales
¥25.47 million
Flow revenue
20 Approximately ¥100 million
Full-year earnings forecast
Net Sales
¥100 million
Gross profit
¥40 million
Required flow gross profit
¥32 million
Net income
¥6.5 million
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 Sales25.5 %
Flow gross profit23.5 %
What the company explained in this material
Self-assessment against the planThe company's self-assessment against its own plan.
Broadly on track / very much on trackKey points of the Q&AKey questions raised by investors at the briefing and the company's answers
- Impact of material prices and procurement: There has been no significant impact or construction delays to date, and the company intends to review selling prices as necessary.
- Equity ratio and balance-sheet improvement: While recognizing the need for improvement, the company will first prioritize securing the funds required for business growth. No specific plans for a capital increase this fiscal year are under consideration.
- Costs of receivables securitization: Fees paid include arranger fees and borrowing fees, and the previous benchmark was approximately 10% in total.
- Consolidation of 日本中央管理: The balance sheet is scheduled to be consolidated from the second quarter, and the income statement from the third quarter.
- New products: For the time being, priority will be given to expanding BRO-ROOM and BRO-WALL, while new products will be considered in the future.
- Short-term accommodation business: The occupancy rate was 80% in the first month after opening and 95% after two months, substantially exceeding the break-even point.
- Completion of the order backlog: Approximately 80% of orders received in the first quarter are expected to be completed during the current fiscal year.
- AI system: A system that forecasts expected rents and the effects of implementing BRO-ZERO is scheduled for release shortly.
New initiatives
- Making 日本中央管理株式会社 a wholly owned subsidiary through the acquisition of its shares
- Opening an accommodation facility in Hamanaka, Hokkaido, using a vacant house
- Releasing an AI system that forecasts expected rents and the effects of BRO-ZERO
- Converting shareholder benefits to digital gifts, increasing the benefit amount, offering them twice a year, and removing the continuous shareholding requirement
- Relocating the head office from Osaka to Tokyo
Key KPIsA metric the company considers important as a management benchmark.
- Cumulative number of B-CUBIC installations10,503 buildings
- New partnerships with real estate management companies7 companies
- Cumulative partnerships with real estate management companies1,012 companies
- New sales agency agreements40 companies
- Number of sales agencies298 companies
- Revenue generated through sales agencies¥9.14 million
- Percentage of total flow revenue generated through sales agencies44 %
Market Size / Share
Population decline over the next 20 years
1,446 10,000 people
Increase in vacant rental units over the next 20 years
60 10,000 units
2030 inbound visitor target
6,000 10,000 people
B-CUBIC installations to dateMore than 10,000 buildings
Orders received and order backlog
Gross profit from orders received
¥13.42 million
Gross profit from the order backlog
¥21.1 million
Number of stores and locations
End of period3 Locations Tokyo, Osaka and Fukuoka
Payout ratio
20 % policy when profit for the year after tax is at least ¥100 million
| Item | Details |
|---|---|
| Document type | Earnings briefing transcript |
| Fiscal Period Covered | First quarter of the fiscal year ending December 2026 |
| Net Sales | ¥25.47 million (YoY +88.1%) |
| Net income | ¥6.5 100 million (full-year forecast) |
| Results for the three months of the current quarter | Net Sales ¥25.47 million / Flow revenue 20 Approximately ¥100 million |
| Full-year earnings forecast | Net Sales ¥100 million / Gross profit ¥40 million / Required flow gross profit ¥32 million / Net income ¥6.5 million |
| Progress against full-year forecast | Net Sales 25.5 % / Flow gross profit 23.5 % |
| Self-assessment against the plan | Broadly on track / very much on track |
| Key KPIs | Indicator name Cumulative number of B-CUBIC installations / Value 10,503 buildings / Year on year against the same period last year Not disclosed, Indicator name New partnerships with real estate management companies / Value 7 companies / Year on year against the same period last year Not disclosed, Indicator name Cumulative partnerships with real estate management companies / Value 1,012 companies / Year on year against the same period last year Not disclosed, Indicator name New sales agency agreements / Value 40 companies / Year on year against the same period last year Not disclosed, Indicator name Number of sales agencies / Value 298 companies / Year on year against the same period last year Not disclosed, Indicator name Revenue generated through sales agencies / Value ¥9.14 million / Year on year against the same period last year Not disclosed, Indicator name Percentage of total flow revenue generated through sales agencies / Value 44 % / Year on year against the same period last year Not disclosed |
| Number of stores and locations | End of period 3 Locations (Tokyo, Osaka and Fukuoka) / Number of store openings and closures during the period Not disclosed |
| Payout ratio | 20 % (policy when profit for the year after tax is at least ¥100 million) |
| Orders received and order backlog | Gross profit from orders received ¥13.42 million / Gross profit from the order backlog ¥21.1 million |
| Market Size / Share | Population decline over the next 20 years 1,446 10,000 people / Increase in vacant rental units over the next 20 years 60 10,000 units / 2030 inbound visitor target 6,000 10,000 people / B-CUBIC installations to date More than 10,000 buildings |
| Key points of the Q&A | Impact of material prices and procurement: There has been no significant impact or construction delays to date, and the company intends to review selling prices as necessary., Equity ratio and balance-sheet improvement: While recognizing the need for improvement, the company will first prioritize securing the funds required for business growth. No specific plans for a capital increase this fiscal year are under consideration., Costs of receivables securitization: Fees paid include arranger fees and borrowing fees, and the previous benchmark was approximately 10% in total., Consolidation of 日本中央管理: The balance sheet is scheduled to be consolidated from the second quarter, and the income statement from the third quarter., New products: For the time being, priority will be given to expanding BRO-ROOM and BRO-WALL, while new products will be considered in the future., Short-term accommodation business: The occupancy rate was 80% in the first month after opening and 95% after two months, substantially exceeding the break-even point., Completion of the order backlog: Approximately 80% of orders received in the first quarter are expected to be completed during the current fiscal year., AI system: A system that forecasts expected rents and the effects of implementing BRO-ZERO is scheduled for release shortly. |
| New initiatives | Making 日本中央管理株式会社 a wholly owned subsidiary through the acquisition of its shares, Opening an accommodation facility in Hamanaka, Hokkaido, using a vacant house, Releasing an AI system that forecasts expected rents and the effects of BRO-ZERO, Converting shareholder benefits to digital gifts, increasing the benefit amount, offering them twice a year, and removing the continuous shareholding requirement, Relocating the head office from Osaka to Tokyo |
Items this document does not state (16)
Operating profitOrdinary incomeGross Profit MarginOperating profit marginSelling, general and administrative expensesSegment resultsBreakdown of Factors Affecting the ChangeUnit price and quantity metricsNumber of employeesAssumptions Underlying the Business OutlookRisk amount incorporated into the outlookMedium-term management plan targetsFinancial targetsAnnual DividendAcquisition of treasury sharesCapital expenditures
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 stated factors include growth in flow revenue from BRO-ROOM and BRO-WALL, stronger results from the sales force's focus on both businesses, and demand for BRO-ZERO, which requires lower initial implementation 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.