Worth reading
52Recurring
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
1166
Net income year-on-year (%)Wording
Conditional
How definitive the wording is.Contents of this document
Presentation materials for financial resultsFirst quarter of the fiscal year ending March 20279 items taken from the company’s own explanation
Financial Results Figures (The key points of this material are explained below)
Net Sales1,159 Hundreds of millions of yen
Operating profit121 Hundreds of millions of yen
Ordinary income122 Hundreds of millions of yen
Net income70 Hundreds of millions of yen+1,166.0%
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。
Development Business
Number of buildings ordered22.1
Number of homes ordered25.1
Orders received34.1
What the company explained in this material
Self-assessment against the planThe company's self-assessment against its own plan.
Net sales through net income were broadly in line with plan. The development business is progressing steadily toward achieving its full-year plan.Key points of the Q&AKey questions raised by investors at the briefing and the company's answers
- Background to the increase in large-scale orders received in the development business and the potential for full-year upside: The company explained that it was receiving orders for projects with an average number of units exceeding the planned level of approximately 14–15 units.
- Timing of the contribution of contracted rent per unit to rent per occupied unit: The company responded that there is a time lag before new contract rates are reflected and that it would explain the full-year impact once it becomes clear.
- DX investment and its impact: The company is promoting AI-based sales support, the simplification and automation of operations, electronic contracts, and smart locks.
- Share buybacks in response to a major shareholder's sale of shares: The company explained that it would determine the timing where possible, taking into account its funds, retained earnings, and the restrictions on share buybacks.
- Partnership with Relo Estate: The partnership is intended to bridge the gap between demand and supply for furnished properties, and the company expects demand to expand.
- Rent paid to owners in connection with higher contracted rents: The company explained that it would respond based on local market conditions and property-specific factors, and that rents paid to owners would rise in some regions.
Assumptions Underlying the Business OutlookThe assumptions used by the company in preparing its forecast.
Contracted rent per unitAt a level broadly in line with the previous fiscal year
New initiatives
- Agreement with Tokushima Prefecture and companies in the prefecture on securing human resources and expanding employee benefits
- Partnership with Relo Estate concerning furnished properties
- AI-based sales support and operational automation
- Use of DX, including electronic contracts and smart locks
- Expansion of development business sales bases to Osaka, Hiroshima, and Fukuoka
Key KPIsA metric the company considers important as a management benchmark.
- Average occupancy rate87.23 %Year on year against the same period last year+0.98 percentage points
- Corporate-use ratio66.5 %Year on year against the same period last year+1.8 percentage points
- Number of units used by foreign nationals66,719 unitsYear on year against the same period last year+20.3%
- Percentage of users who are foreign nationals14.2 %
- Usage by the food service and accommodation industriesYear on year against the same period last year+13.3%
- Number of units used by the medical and welfare sectorsYear on year against the same period last year+20.2%
Unit price and quantity metricsThese figures show sales broken down by price and volume.
Contracted rent per unit
123 Index
Average occupancy rate
87.23 %
Year on year against the same period last year+0.98 percentage points
Number of units used by foreign nationals
66,719 units
Year on year against the same period last year+20.3%
Financial targets
Equity ratio
Actual results26.3 %
Orders received and order backlog
Orders received
45.78 Hundreds of millions of yen
Acquisition of treasury shares
The company conducted a share buyback last fiscal year. The authorization amount, number of shares, and period are Not disclosed| Item | Details |
|---|---|
| Document type | Presentation materials for financial results |
| Fiscal Period Covered | First quarter of the fiscal year ending March 2027 |
| Net Sales | 1,159 Hundreds of millions of yen |
| Operating profit | 121 Hundreds of millions of yen |
| Ordinary income | 122 Hundreds of millions of yen |
| Net income | 70 Hundreds of millions of yen (YoY +1,166.0%) |
| Progress against full-year forecast | Development Business Number of buildings ordered 22.1 / Number of homes ordered 25.1 / Orders received 34.1 |
| Self-assessment against the plan | Net sales through net income were broadly in line with plan. The development business is progressing steadily toward achieving its full-year plan. |
| Key KPIs | Indicator name Average occupancy rate / Value 87.23 % / Year on year against the same period last year +0.98 percentage points, Indicator name Corporate-use ratio / Value 66.5 % / Year on year against the same period last year +1.8 percentage points, 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 Percentage of users who are foreign nationals / Value 14.2 % / Year on year against the same period last year Not disclosed, Indicator name Usage by the food service and accommodation industries / Value Not disclosed / Year on year against the same period last year +13.3%, Indicator name Number of units used by the medical and welfare sectors / Value Not disclosed / Year on year against the same period last year +20.2% |
| Unit price and quantity metrics | Contracted rent per unit Value 123 Index / Year on year against the same period last year Not disclosed / Average occupancy rate Value 87.23 % / Year on year against the same period last year +0.98 percentage points / Number of units used by foreign nationals Value 66,719 units / Year on year against the same period last year +20.3% |
| Assumptions Underlying the Business Outlook | Contracted rent per unit At a level broadly in line with the previous fiscal year / Occupancy Rate Not disclosed |
| Financial targets | Equity ratio Actual results 26.3 % / Target Not disclosed |
| Acquisition of treasury shares | The company conducted a share buyback last fiscal year. The authorization amount, number of shares, and period are Not disclosed |
| Orders received and order backlog | Orders received 45.78 Hundreds of millions of yen / Order backlog Not disclosed |
| Key points of the Q&A | Background to the increase in large-scale orders received in the development business and the potential for full-year upside: The company explained that it was receiving orders for projects with an average number of units exceeding the planned level of approximately 14–15 units., Timing of the contribution of contracted rent per unit to rent per occupied unit: The company responded that there is a time lag before new contract rates are reflected and that it would explain the full-year impact once it becomes clear., DX investment and its impact: The company is promoting AI-based sales support, the simplification and automation of operations, electronic contracts, and smart locks., Share buybacks in response to a major shareholder's sale of shares: The company explained that it would determine the timing where possible, taking into account its funds, retained earnings, and the restrictions on share buybacks., Partnership with Relo Estate: The partnership is intended to bridge the gap between demand and supply for furnished properties, and the company expects demand to expand., Rent paid to owners in connection with higher contracted rents: The company explained that it would respond based on local market conditions and property-specific factors, and that rents paid to owners would rise in some regions. |
| New initiatives | Agreement with Tokushima Prefecture and companies in the prefecture on securing human resources and expanding employee benefits, Partnership with Relo Estate concerning furnished properties, AI-based sales support and operational automation, Use of DX, including electronic contracts and smart locks, Expansion of development business sales bases to Osaka, Hiroshima, and Fukuoka |
Items this document does not state (15)
Gross Profit MarginOperating profit marginSelling, general and administrative expensesResults for the three months of the current quarterFull-year earnings forecastSegment resultsBreakdown of Factors Affecting the ChangeNumber of stores and locationsNumber of employeesRisk amount incorporated into the outlookMedium-term management plan targetsAnnual DividendPayout ratioCapital expendituresMarket Size / Share
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 company attributed this performance to steady corporate demand, particularly demand for corporate contracts in the Tokyo metropolitan area and demand from foreign personnel, the effectiveness of its pricing strategy, and the impact of expanding its development business sales bases to Osaka, Hiroshima, and Fukuoka. Meanwhile, cost of sales increased due to enhanced property maintenance, while selling, general and administrative expenses rose as a result of increased investment in personnel and DX.
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.