Worth reading
80Important
Scored from 4 of 6 sectionsDirection
Improvement
Direction inferred from the company’s description.Scale
12388
¥ million (cumulative second-quarter net profit)Wording
Conditional
How definitive the wording is.Contents of this document
Financial results presentationSecond quarter of the fiscal year ending March 202710 items taken from the company’s own explanation
Financial Results Figures (The key points of this material are explained below)
Net Sales232,549 Millions of yen+4.7%
Operating profit24,022 Millions of yen+19.7%
Ordinary income23,943 Millions of yen+25.7%
Net income12,388 Millions of yen+164.3%
Gross Profit Margin22.3 %
Operating profit margin10.3 %
Selling, general and administrative expenses27,859 Millions of yen
Results for the three months of the current quarter
Net Sales
116,647 Millions of yen
Operating profit
11,899 Millions of yen
Ordinary income
11,664 Millions of yen
Net income
5,353 Millions of yen
Full-year earnings forecast
Net Sales
461,600 Millions of yen
Operating profit
38,800 Millions of yen
Ordinary income
38,400 Millions of yen
Net income
21,400 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。
Development Business
Number of buildings ordered50.7
Number of homes ordered57.1
Orders received78.1
What the company explained in this material
Self-assessment against the planThe company's self-assessment against its own plan.
Achieved the plan from revenue through net incomeBreakdown of Factors Affecting the ChangeReasons cited by the Company for the change in the figures.
- Increase in cost of sales due to the expansion of the development business+¥3.2 billion
- Increase in cost of sales due to enhanced property maintenance+¥1.6 billion
- Other cost of sales+¥0.3 billion
- Increase in SG&A expenses due to increased investment in DX+¥500 million
- Increase in SG&A expenses due to a slight increase in the number of brokerage contracts+¥0.0 billion
- Increase in SG&A expenses due to investment in human resources+¥600 million
New initiatives
- Expansion of locations into Osaka Prefecture, Hiroshima Prefecture and Fukuoka Prefecture
- Release of the new product ArLk (product name: Aruku)
- New rental housing featuring wall-mounted TVs, countertop IH cooking heaters, a doorless design and reinforced ceilings
Key KPIsA metric the company considers important as a management benchmark.
- Contracted rent index123 IndexYear on year against the same period last year+9
- Average occupancy rate for the cumulative second quarter86.87 %Year on year against the same period last year+1.12p
- Percentage of units used by corporate customers66.6 %Year on year against the same period last year+1.9p
- Number of units used by foreign nationals68,613 unitsYear on year against the same period last year+18.0%
- Free cash flow¥201 100 millionYear on year against the same period last year+¥1.7 billion
Unit price and quantity metricsThese figures show sales broken down by price and volume.
- Contracted rent index123 Index
- Occupancy Rate86.87 %
- Units used by corporate customers310,865 units
- Units used by individual customers126,350 units
- Units used by students29,627 units
Market Size / Share
Used by 72% of listed companies nationwideOrders received and order backlog
Orders received
10,491 Millions of yen
Number of employees
Number of EmployeesConsolidated: 4,342; non-consolidated: 2,844
Change during the periodThe number of employees increased by 273 year on year
Capital expenditures
¥19 100 million expenditures for the acquisition of property, plant and equipment
Acquisition of treasury shares
Reference was made to past tender offers for treasury shares. The acquisition limit and period for this offering are Not disclosed| Item | Details |
|---|---|
| Document type | Financial results presentation |
| Fiscal Period Covered | Second quarter of the fiscal year ending March 2027 |
| Net Sales | 232,549 Millions of yen (YoY +4.7%) |
| Operating profit | 24,022 Millions of yen (YoY +19.7%) |
| Ordinary income | 23,943 Millions of yen (YoY +25.7%) |
| Net income | 12,388 Millions of yen (YoY +164.3%) |
| Gross Profit Margin | 22.3 % |
| Operating profit margin | 10.3 % |
| Selling, general and administrative expenses | 27,859 Millions of yen |
| Results for the three months of the current quarter | Net Sales 116,647 Millions of yen / Operating profit 11,899 Millions of yen / Ordinary income 11,664 Millions of yen / Net income 5,353 Millions of yen |
| Full-year earnings forecast | Net Sales 461,600 Millions of yen / Operating profit 38,800 Millions of yen / Ordinary income 38,400 Millions of yen / Net income 21,400 Millions of yen |
| Progress against full-year forecast | Development Business Number of buildings ordered 50.7 / Number of homes ordered 57.1 / Orders received 78.1 |
| Self-assessment against the plan | Achieved the plan from revenue through net income |
| Breakdown of Factors Affecting the Change | Factors Increase in cost of sales due to the expansion of the development business / Amount +¥3.2 billion, Factors Increase in cost of sales due to enhanced property maintenance / Amount +¥1.6 billion, Factors Other cost of sales / Amount +¥0.3 billion, Factors Increase in SG&A expenses due to increased investment in DX / Amount +¥500 million, Factors Increase in SG&A expenses due to a slight increase in the number of brokerage contracts / Amount +¥0.0 billion, Factors Increase in SG&A expenses due to investment in human resources / Amount +¥600 million |
| Key KPIs | Indicator name Contracted rent index / Value 123 Index / Year on year against the same period last year +9 Index, Indicator name Average occupancy rate for the cumulative second quarter / Value 86.87 % / Year on year against the same period last year +1.12p, Indicator name Percentage of units used by corporate customers / Value 66.6 % / Year on year against the same period last year +1.9p, Indicator name Number of units used by foreign nationals / Value 68,613 units / Year on year against the same period last year +18.0%, Indicator name Free cash flow / Value ¥201 100 million / Year on year against the same period last year +¥1.7 billion |
| Unit price and quantity metrics | Indicator name Contracted rent index / Value 123 Index, Indicator name Occupancy Rate / Value 86.87 %, Indicator name Units used by corporate customers / Value 310,865 units, Indicator name Units used by individual customers / Value 126,350 units, Indicator name Units used by students / Value 29,627 units |
| Number of employees | Number of Employees Consolidated: 4,342; non-consolidated: 2,844 / Change during the period The number of employees increased by 273 year on year |
| Acquisition of treasury shares | Reference was made to past tender offers for treasury shares. The acquisition limit and period for this offering are Not disclosed |
| Capital expenditures | ¥19 100 million (expenditures for the acquisition of property, plant and equipment) |
| Orders received and order backlog | Orders received 10,491 Millions of yen / Order backlog Not disclosed |
| Market Size / Share | Used by 72% of listed companies nationwide |
| New initiatives | Expansion of locations into Osaka Prefecture, Hiroshima Prefecture and Fukuoka Prefecture, Release of the new product ArLk (product name: Aruku), New rental housing featuring wall-mounted TVs, countertop IH cooking heaters, a doorless design and reinforced ceilings |
Items this document does not state (9)
Segment resultsNumber of stores and locationsAssumptions Underlying the Business OutlookRisk amount incorporated into the outlookMedium-term management plan targetsFinancial targetsAnnual DividendPayout ratioKey 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.The stated reasons include rent per unit remaining high, mainly for corporate contracts; strong corporate demand, particularly from foreign nationals; and an increase in orders in the development business. On the profit side, the reasons cited include cost of sales coming in below plan, a year-on-year decrease in non-operating expenses, and the reversal of the impact of the ¥10 billion loss on cancellation of own share acquisition rights recorded in the same period of the previous year.
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.