For the cumulative second quarter, sales exceeded plan, while the operating loss improved from both the year-earlier period and plan. Improvements in the collection rate and reductions in the allowance for doubtful accounts and litigation costs contributed to the improvement in earnings, while the full-year operating cash flow plan was left unchanged, without reflecting the upside.
| Item | Details |
|---|---|
| Document type | Results presentation |
| Fiscal Period Covered | Second quarter of the fiscal year ending January 2027 |
| Net Sales | ¥6,726 million (YoY +6.0%) |
| Operating profit | ¥-99 million |
| Ordinary income | ¥-62 million |
| Net income | ¥-79 million |
| Full-year earnings forecast | Net Sales ¥14,300 million / Operating profit ¥355 million / Operating cash flow ¥1,600 million |
| Self-assessment against the plan | Progress ahead of plan; in 2Q, sales, cost of sales and operating profit all met plan |
| Breakdown of Factors Affecting the Change | Factors Difference in depreciation expense / Amount +¥10 million, Factors Improvement in adjusted operating loss / Amount +¥37 million, Factors Growth in guarantee fee income / Amount +¥114 million, Factors Reduction in credit costs / Amount +¥157 million, Factors Reduction in litigation and other costs / Amount +¥165 million |
| Key KPIs | Indicator name Number of applications / Value 119 Thousands / Year on year against the same period last year 104%, Indicator name Number of new contracts / Value 80 Thousands / Year on year against the same period last year 106%, Indicator name Number of in-force policies / Value 714 Thousands / Year on year against the same period last year 106%, Indicator name Number of agents / Value 15,672 companies / Year on year against the same period last year 107%, Indicator name Initial collection rate / Value 95.8 % / Year on year against the same period last year +0.9pt, Indicator name EBITDA / Value ¥204 million / Year on year against the same period last year 130% |
| Unit price and quantity metrics | Indicator name Number of new contracts / Value 80,458 Cases / Year on year against the same period last year +6%, Indicator name Business-use contract value / Value ¥822 million / Year on year against the same period last year +17%, Indicator name Contract value per customer / Value 145 Thousands of yen / Year on year against the same period last year +12% |
| Number of stores and locations | End of period 17 / Number of store openings and closures during the period Not disclosed |
| Number of employees | Number of Employees 468 People (group total, including dispatched employees) / Change during the period Not disclosed / Hiring plan Not disclosed |
| Market Size / Share | Market Size Self-managed landlord market: 9.16 million units / Share Not disclosed |
| New initiatives | Owner WEB redesign, Expansion of services for self-managed landlords, Introduction of an AI voice bot, Standardizing and automating business processes, Holding parent-child events on child support |
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.
Sales increased due to growth in the number of agents and contracts held, expansion in the high-rent segment of business-use guarantees, and higher average unit prices resulting from an improved approval rate. The collection rate also improved as a result of stronger early-stage collections, while growth in reimbursement claims, provisions for doubtful accounts, and litigation and disposal costs were kept under control.