Komori
Financial Results Presentation8848LEOPALACE21 CORPORATIONReal Estate

Presentation Materials for the First Quarter of the Fiscal Year Ending March 2027

In the first quarter of the fiscal year ending March 2027, revenue and operating profit were below the year-earlier period, while ordinary profit and net profit increased. Contracted rent per unit, occupancy, and development orders also exceeded the year-earlier period, and the company considers overall performance to have been broadly in line with plan.

Worth reading
73In focus
Scored from 5 of 6 sections
Direction
Mixed performance
Direction inferred from the company’s description.
Scale
4184
¥ million (year-on-year increase in revenue)
Wording
Conditional
How definitive the wording is.

Contents of this document

Financial Results PresentationFirst quarter of the fiscal year ending March 202713 items taken from the company’s own explanation
Financial Results Figures (The key points of this material are explained below)
Net Sales115,902 Millions of yen+3.7%
Operating profit12,123 Millions of yen-1.1%
Ordinary income12,279 Millions of yen+6.2%
Net income7,034 Millions of yen+1,166.2%
Gross Profit Margin22.9
Operating profit margin10.5
Selling, general and administrative expenses14,388 Millions of yen
Results for the three months of the current quarter
Net Sales
115,902 Millions of yen
Operating profit
12,123 Millions of yen
Ordinary income
12,279 Millions of yen
Net income
7,034 Millions of yen
Full-year earnings forecast
Net Sales
465,000 Millions of yen
Operating profit
38,500 Millions of yen
Ordinary income
38,100 Millions of yen
Net income
22,200 Millions of yen
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。
Number of buildings ordered
22.1 %
Number of homes ordered
25.1 %
Orders received
34.1 %
What the company explained in this material
Self-assessment against the planThe company's self-assessment against its own plan.
Broadly in line with plan
Breakdown of Factors Affecting the ChangeReasons cited by the Company for the change in the figures.
  • Revenue: Rent per unit remained high, particularly for corporate contracts
  • Cost of sales: Strengthening of property maintenance
  • SG&A expenses: Investment in personnel800 Millions of yen
  • SG&A expenses: DX investment500 Millions of yen
  • SG&A expenses: Increase in the number of brokerage contracts100 Millions of yen
  • Non-operating income: Foreign exchange gains130 Millions of yen
  • Prior-year extraordinary loss: Loss on cancellation of the company's own stock acquisition rights10,000 Millions of yen
New initiatives
  • Expansion of development business locations into Osaka, Hiroshima, and Fukuoka prefectures
  • Release of the new product ArLk (product name: Aruku)
  • Advancement of investments in personnel and DX
Key KPIsA metric the company considers important as a management benchmark.
  • Contracted rent per unit index (June)123 Index
    Year on year against the same period last year+11
  • Average occupancy rate (1Q)87.23 %
    Year on year against the same period last year+0.98 percentage points
  • Percentage of units used by corporate customers66.5 %
    Year on year against the same period last year+1.8 percentage points
  • Units used by corporate customers312,525 units
    Year on year against the same period last year+3.3%
  • Number of units used by foreign nationals66,719 units
    Year on year against the same period last year+20.3%
  • Homes ordered31 buildings
    Year on year against the same period last year+2 buildings
  • Number of units ordered476 units
    Year on year against the same period last year+46 units
  • Orders received4,578 Millions of yen
    Year on year against the same period last year+¥644 million
Unit price and quantity metricsThese figures show sales broken down by price and volume.
  • Contracted rent per unit index (June)123 Index
    Year on year against the same period last year+11
  • Units used by corporate customers312,525 units
    Year on year against the same period last year+3.3%
  • Number of units used by foreign nationals66,719 units
    Year on year against the same period last year+20.3%
Financial targets
ROE
Fiscal year ending March 2027: plan44 %
Plan for the fiscal year ending March 202837 %
ROIC
Fiscal year ending March 2027: plan33 %
Plan for the fiscal year ending March 202830 %
Debt/EBITDA multiple
Fiscal year ending March 2027: plan0.8 times
Plan for the fiscal year ending March 20280.7 times
Market Size / Share
Track record among listed companies72 %
Orders received and order backlog
Orders received
4,578 Millions of yen
Number of stores and locations
Expansion during the periodExpanded locations into Osaka, Hiroshima, and Fukuoka prefectures
Number of employees
Consolidated4,323 People
Standalone2,832 People
Change during the period+242 people year on year
Annual Dividend
Forecast for the fiscal year ending March 2027
Annual¥15 per share
Interim¥5 per share
End of period¥10 per share
Payout ratio
Forecast for the fiscal year ending March 202721.5 %
Target for the fiscal year ending March 202830 %
Acquisition of treasury shares
Includes past transactions such as tender offers for treasury shares; the size and period of the current acquisition are not disclosed
Contents of this document
ItemDetails
Document typeFinancial Results Presentation
Fiscal Period CoveredFirst quarter of the fiscal year ending March 2027
Net Sales115,902 Millions of yen (YoY +3.7%)
Operating profit12,123 Millions of yen (YoY -1.1%)
Ordinary income12,279 Millions of yen (YoY +6.2%)
Net income7,034 Millions of yen (YoY +1,166.2%)
Gross Profit Margin22.9
Operating profit margin10.5
Selling, general and administrative expenses14,388 Millions of yen
Results for the three months of the current quarterNet Sales 115,902 Millions of yen / Operating profit 12,123 Millions of yen / Ordinary income 12,279 Millions of yen / Net income 7,034 Millions of yen
Full-year earnings forecastNet Sales 465,000 Millions of yen / Operating profit 38,500 Millions of yen / Ordinary income 38,100 Millions of yen / Net income 22,200 Millions of yen
Progress against full-year forecastNumber of buildings ordered 22.1 % / Number of homes ordered 25.1 % / Orders received 34.1 %
Self-assessment against the planBroadly in line with plan
Breakdown of Factors Affecting the ChangeFactors Revenue: Rent per unit remained high, particularly for corporate contracts / Amount Not disclosed, Factors Cost of sales: Strengthening of property maintenance / Amount Not disclosed, Factors SG&A expenses: Investment in personnel / Amount 800 Millions of yen, Factors SG&A expenses: DX investment / Amount 500 Millions of yen, Factors SG&A expenses: Increase in the number of brokerage contracts / Amount 100 Millions of yen, Factors Non-operating income: Foreign exchange gains / Amount 130 Millions of yen, Factors Prior-year extraordinary loss: Loss on cancellation of the company's own stock acquisition rights / Amount 10,000 Millions of yen
Key KPIsIndicator name Contracted rent per unit index (June) / Value 123 Index / Year on year against the same period last year +11 Index, Indicator name Average occupancy rate (1Q) / Value 87.23 % / Year on year against the same period last year +0.98 percentage points, Indicator name Percentage of units used by corporate customers / Value 66.5 % / Year on year against the same period last year +1.8 percentage points, Indicator name Units used by corporate customers / Value 312,525 units / Year on year against the same period last year +3.3%, Indicator name Number of units used by foreign nationals / Value 66,719 units / Year on year against the same period last year +20.3%, Indicator name Homes ordered / Value 31 buildings / Year on year against the same period last year +2 buildings, Indicator name Number of units ordered / Value 476 units / Year on year against the same period last year +46 units, Indicator name Orders received / Value 4,578 Millions of yen / Year on year against the same period last year +¥644 million
Unit price and quantity metricsIndicator name Contracted rent per unit index (June) / Value 123 Index / Year on year against the same period last year +11 Index, Indicator name Units used by corporate customers / Value 312,525 units / Year on year against the same period last year +3.3%, Indicator name Number of units used by foreign nationals / Value 66,719 units / Year on year against the same period last year +20.3%
Number of stores and locationsExpansion during the period Expanded locations into Osaka, Hiroshima, and Fukuoka prefectures / Number at period end Not disclosed / Store and location openings/closures Not disclosed
Number of employeesConsolidated 4,323 People / Standalone 2,832 People / Change during the period +242 people year on year / Hiring plan Not disclosed
Financial targetsROE Fiscal year ending March 2027: plan 44 % / Plan for the fiscal year ending March 2028 37 % / ROIC Fiscal year ending March 2027: plan 33 % / Plan for the fiscal year ending March 2028 30 % / Debt/EBITDA multiple Fiscal year ending March 2027: plan 0.8 times / Plan for the fiscal year ending March 2028 0.7 times
Annual DividendForecast for the fiscal year ending March 2027 Annual ¥15 per share / Interim ¥5 per share / End of period ¥10 per share
Payout ratioForecast for the fiscal year ending March 2027 21.5 % / Target for the fiscal year ending March 2028 30 %
Acquisition of treasury sharesIncludes past transactions such as tender offers for treasury shares; the size and period of the current acquisition are not disclosed
Orders received and order backlogOrders received 4,578 Millions of yen / Order backlog Not disclosed
Market Size / ShareTrack record among listed companies 72 %
New initiativesExpansion of development business locations into Osaka, Hiroshima, and Fukuoka prefectures, Release of the new product ArLk (product name: Aruku), Advancement of investments in personnel and DX
Items this document does not state (6)
Segment resultsAssumptions Underlying the Business OutlookRisk amount incorporated into the outlookMedium-term management plan targetsCapital expendituresKey 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 as rent per unit remained high, particularly for corporate contracts. Cost of sales increased due to strengthened property maintenance, while SG&A expenses increased as a result of advancing investments in personnel and DX. Net profit increased because the previous year included a ¥10 billion loss on cancellation of the company's own stock acquisition rights, recorded as an extraordinary loss.

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.
Presentation Materials for the First Quarter of the Fiscal Year Ending March 2027 | LEOPALACE21 CORPORATION (8848) timely disclosure | Komori