Worth reading
69In focus
0–100. This measures how worthwhile something is to read, not how good or bad the company is.Direction
Mixed performance
Direction inferred from the company’s description.Scale
5
Year-on-year decrease in revenue (%)Wording
Definitive
How definitive the wording is.Contents of this document
Presentation materials for financial resultsFirst quarter of the fiscal year ending December 202612 items taken from the company’s own explanation
Financial Results Figures (The key points of this material are explained below)
Net Sales¥7,144 million-5.0%
Operating profit¥1,571 million+0.5%
Ordinary income¥1,415 million-5.3%
Net income¥1,006 million-9.6%
Selling, general and administrative expenses¥994 million
Gross Profit Margin
Rate35.9%
Operating profit margin
Rate22.0%
Results for the three months of the current quarter
Net Sales
¥7,144 million
Operating profit
¥1,571 million
Ordinary income
¥1,415 million
Net income
¥1,006 million
Full-year earnings forecast
Net Sales
¥28,500 million
Operating profit
¥5,850 million
Ordinary income
¥5,520 million
Net income for the current fiscal year
¥3,715 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 Sales25.1%
Operating profit26.9%
Ordinary income25.6%
Quarterly net income27.1%
Storage business_total revenue24.3%
Storage business_operating profit25.5%
Land rights improvement business_revenue34.1%
Land rights improvement business_business profit38.5%
Other operations services business_revenue25.8%
Other operations services business_operating profit25.7%
What the company explained in this material
Self-assessment against the planThe company's self-assessment against its own plan.
Progress toward the plan is on trackBreakdown of Factors Affecting the ChangeReasons cited by the Company for the change in the figures.
Net Sales
Increase in storage operations revenue414
Storage securitization revenue decline-691
Land rights improvement business (land leases) revenue decline-95
Decrease in other operations revenue-5
Operating profit
Increase in storage business profit2
Increase in land rights development business profit35
Decrease in other operations profit-14
Decrease in profit due to head office expenses-16
New initiatives
- Full-scale operation of the partner program in the storage business
- Investments in new storage openings, human capital, DX and AI, and M&A
- Increasing the free-float ratio through the sale of part of the founder's shareholdings
- A 2-for-1 split of common shares
Key KPIsA metric the company considers important as a management benchmark.
- Newly opened rooms5,016 Rooms
- Total units129,143 Rooms
- Occupied units102,740 Rooms
- Overall utilization rate79.56 %
- Occupancy rate at existing locations87.03 %
- Occupancy rate at new locations41.73 %
- Average rent¥14,500 per unit per monthYear on year against the same period last yearUp 2.7% from December 2024
- Number of locations2,966 Location
Unit price and quantity metricsThese figures show sales broken down by price and volume.
Average rent
¥14,500 per unit per month
comparisonUp ¥379, or 2.7%, from December 2024
Total units
129,143 Rooms
Occupied units
102,740 Rooms
Segment results
Storage Operations
Net Sales
¥5,187 million+8.7%
Gross profit
¥2,079 million+8.0%
Storage securitization
Net Sales
¥892 million-43.7%
Gross profit
¥189 million-31.6%
Storage Business
Net Sales
¥6,079 million-4.4%
Gross profit
¥2,268 million+3.0%
Business profit
¥1,683 million+0.1%
Land rights development business (leasehold land)
Net Sales
¥681 million-12.3%
Gross profit
¥181 million+19.1%
Business profit
¥134 million+36.4%
Other operations services business
Net Sales
¥382 million-1.4%
Gross profit
¥115 million-11.5%
Business profit
¥96 million-13.3%
Head office expenses
Business profit
¥-343 million+5.0%
Companywide
Net Sales
¥7,144 million-5.0%
Gross profit
¥2,565 million+3.2%
Operating profit
¥1,571 million+0.5%
Medium-term management plan targets
2027
Net Sales¥29,400 million, rooms
Operating profit¥6,550 million, rooms
Operating profit margin22.3%
Ordinary income¥6,170 million, rooms
Number of new stores¥21,000 million, rooms
2029
Company-wide revenue¥33,500 million, ¥ hundred million, rooms
Operating profit¥8,000 million, ¥ hundred million, rooms
Operating profit margin23.8%
Storage business revenue¥30,000 million, ¥ hundred million, rooms
Storage business profit¥9,000 million, ¥ hundred million, rooms
Total units¥200,000 million, ¥ hundred million, rooms
Overall utilization rate83%
Market Size / Share
Market Size
Japan_current600,000 Rooms
Japan_future6,000,000 Rooms
Market shareApproximately 17%
Number of stores and locations
End of period2,966 Location
Stores opened during the period5,016 Location
Number of store openings and closures during the periodNumber of closures: Not disclosed
Number of employees
2025
Number of Employees81 People
Annual Dividend
2026 forecast
Interim Dividend¥13.5 per share
Year-end dividend¥13.5 per share
Annual Dividend¥27
Payout ratio
35% or more| Item | Details |
|---|---|
| Document type | Presentation materials for financial results |
| Fiscal Period Covered | First quarter of the fiscal year ending December 2026 |
| Net Sales | ¥7,144 million (YoY -5.0%) |
| Operating profit | ¥1,571 million (YoY +0.5%) |
| Ordinary income | ¥1,415 million (YoY -5.3%) |
| Net income | ¥1,006 million (YoY -9.6%) |
| Gross Profit Margin | Rate 35.9% / Year-on-year change (points) Not disclosed |
| Operating profit margin | Rate 22.0% / Year-on-year change (points) Not disclosed |
| Selling, general and administrative expenses | ¥994 million |
| Results for the three months of the current quarter | Net Sales ¥7,144 million / Operating profit ¥1,571 million / Ordinary income ¥1,415 million / Net income ¥1,006 million |
| Full-year earnings forecast | Net Sales ¥28,500 million / Operating profit ¥5,850 million / Ordinary income ¥5,520 million / Net income for the current fiscal year ¥3,715 million |
| Progress against full-year forecast | Net Sales 25.1% / Operating profit 26.9% / Ordinary income 25.6% / Quarterly net income 27.1% / Storage business_total revenue 24.3% / Storage business_operating profit 25.5% / Land rights improvement business_revenue 34.1% / Land rights improvement business_business profit 38.5% / Other operations services business_revenue 25.8% / Other operations services business_operating profit 25.7% |
| Self-assessment against the plan | Progress toward the plan is on track |
| Segment results | Storage Operations Net Sales ¥5,187 million (YoY +8.7%) / Gross profit ¥2,079 million (YoY +8.0%) / Storage securitization Net Sales ¥892 million (YoY -43.7%) / Gross profit ¥189 million (YoY -31.6%) / Storage Business Net Sales ¥6,079 million (YoY -4.4%) / Gross profit ¥2,268 million (YoY +3.0%) / Business profit ¥1,683 million (YoY +0.1%) / Land rights development business (leasehold land) Net Sales ¥681 million (YoY -12.3%) / Gross profit ¥181 million (YoY +19.1%) / Business profit ¥134 million (YoY +36.4%) / Other operations services business Net Sales ¥382 million (YoY -1.4%) / Gross profit ¥115 million (YoY -11.5%) / Business profit ¥96 million (YoY -13.3%) / Head office expenses Business profit ¥-343 million (YoY +5.0%) / Companywide Net Sales ¥7,144 million (YoY -5.0%) / Gross profit ¥2,565 million (YoY +3.2%) / Operating profit ¥1,571 million (YoY +0.5%) |
| Breakdown of Factors Affecting the Change | Net Sales Increase in storage operations revenue 414 / Storage securitization revenue decline -691 / Land rights improvement business (land leases) revenue decline -95 / Decrease in other operations revenue -5 / Operating profit Increase in storage business profit 2 / Increase in land rights development business profit 35 / Decrease in other operations profit -14 / Decrease in profit due to head office expenses -16 |
| Key KPIs | Indicator name Newly opened rooms / Value 5,016 Rooms / Year on year against the same period last year Not disclosed, Indicator name Total units / Value 129,143 Rooms / Year on year against the same period last year Not disclosed, Indicator name Occupied units / Value 102,740 Rooms / Year on year against the same period last year Not disclosed, Indicator name Overall utilization rate / Value 79.56 % / Year on year against the same period last year Not disclosed, Indicator name Occupancy rate at existing locations / Value 87.03 % / Year on year against the same period last year Not disclosed, Indicator name Occupancy rate at new locations / Value 41.73 % / Year on year against the same period last year Not disclosed, Indicator name Average rent / Value ¥14,500 per unit per month / Year on year against the same period last year Up 2.7% from December 2024, Indicator name Number of locations / Value 2,966 Location / Year on year against the same period last year Not disclosed |
| Unit price and quantity metrics | Average rent ¥14,500 per unit per month / Total units 129,143 Rooms / Occupied units 102,740 Rooms |
| Number of stores and locations | End of period 2,966 Location / Stores opened during the period 5,016 Location / Number of store openings and closures during the period Number of closures: Not disclosed |
| Number of employees | Number of Employees 81 People / Subject 2025 People |
| Medium-term management plan targets | 2027 Net Sales ¥29,400 million, rooms / Operating profit ¥6,550 million, rooms / Operating profit margin 22.3% / Ordinary income ¥6,170 million, rooms / Number of new stores ¥21,000 million, rooms / 2029 Company-wide revenue ¥33,500 million, ¥ hundred million, rooms / Operating profit ¥8,000 million, ¥ hundred million, rooms / Operating profit margin 23.8% / Storage business revenue ¥30,000 million, ¥ hundred million, rooms / Storage business profit ¥9,000 million, ¥ hundred million, rooms / Total units ¥200,000 million, ¥ hundred million, rooms / Overall utilization rate 83% |
| Annual Dividend | 2026 forecast Interim Dividend ¥13.5 per share / Year-end dividend ¥13.5 per share / Annual Dividend ¥27 |
| Payout ratio | 35% or more |
| Market Size / Share | Market Size Japan_current 600,000 Rooms / Japan_future 6,000,000 Rooms / Market share Approximately 17% |
| New initiatives | Full-scale operation of the partner program in the storage business, Investments in new storage openings, human capital, DX and AI, and M&A, Increasing the free-float ratio through the sale of part of the founder's shareholdings, A 2-for-1 split of common shares |
Items this document does not state (7)
Assumptions Underlying the Business OutlookRisk amount incorporated into the outlookFinancial targetsAcquisition of treasury sharesCapital expendituresOrders received and order backlogKey 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.Storage operations recorded higher revenue and profit due to an increase in the number of operating rooms following new openings and a review of rental prices. However, lower revenue from storage securitization and the land rights improvement business, among others, were factors behind the company-wide revenue decline. Ordinary profit and net income decreased due to the absence of relocation compensation recorded in the year-earlier period in connection with the withdrawal from storage properties, as well as an increase in non-operating expenses.
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.