Worth reading
58In focus
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
65.9
% (year-on-year increase in operating profit)Wording
Conditional
How definitive the wording is.Results for this period
Third quarter1 July 2025 to 31 March 2026ConsolidatedJapanese GAAPNet Sales6,496¥ millionYear on year +4.0%Progress 73.0%
Operating profit626¥ millionYear on year +65.9%Progress 82.4%
Ordinary income652¥ millionYear on year +68.1%Progress 81.5%
Net income attributable to owners of the parent497¥ millionYear on year +105.1%Progress 87.2%
The width of the band at each stage is based on revenue. The narrower it becomes toward the bottom, the smaller the proportion of revenue that remains as profit. The dotted outline is the full-year forecast and the band inside it is the result for this period. The progress rate is the result divided by the forecast.
Net income per share¥54.08
Financial position at period-end
Total assets10,627¥ million
of which net assets 8,025 ¥ millionEquity ratio 74.0%vs. prior year-end +1.7pt
塗りつぶした部分が自己資本比率です。総資産のうち、返済のいらない自前の資金がどれだけかを表します。The thin vertical line indicates the level at the end of the previous fiscal year.
Segment revenue
Corporate housing management business3,381,73452.1%+6.3%
Condominium management business2,981,51745.9%+2.1%
Incubation Business132,9372.0%-6.0%
Segment profit
Corporate housing management business915,931+19.2%
Condominium management business314,966+51.3%
Incubation Business-20,537
Outlook and shareholder returns
Full-year earnings forecast
Net Sales¥8,900 million (YoY +2.3%)
Operating profit¥760 million (YoY +2.3%)
Ordinary income¥800 million (YoY +5.4%)
Net income¥570 million (YoY +148.4%)
Annual Dividend Forecast¥41 → ¥42
Factors Behind Changes in Business Performance
Recurring revenue performed steadily, new orders and additional orders from existing customers remained strong, and earnings benefited from passing price increases through to management fees, an increase in planned repair work, and reductions in outsourced costs. Net income attributable to owners of the parent also benefited from the recognition of gains on redemption of investment securities and other extraordinary income.
Disclosure regarding the going concern assumption
Not applicable.
Change in accounting policy
基準改正に伴う変更 Noそれ以外の変更 No見積りの変更 No修正再表示 No
Changes in the scope of consolidationNew 1 / Name of newly added company タスリンク株式会社 / Excluded 0 / Excluded Company Name Not disclosed
Material subsequent eventsThe employee housing management outsourcing services business of 東京建物不動産販売株式会社 is scheduled to be transferred to the wholly owned subsidiary タスリンク株式会社 through an absorption-type company split, effective 1 July 2026.
Impairment loss¥12,600 thousand
Breakdown of extraordinary income (loss)Extraordinary income Gain on reversal of subscription rights to shares ¥15,384 thousand, Gain on redemption of investment securities ¥31,998 thousand / Extraordinary loss Loss on Disposal of Fixed Assets ¥0 thousand, Impairment Losses ¥0 thousand
Depreciation and amortization¥58,505 thousand
Availability of Supplementary Financial Results MaterialsNo
Availability of Financial Results BriefingNo
Issued Shares at Period-End10,872,800
Treasury Shares at Period-End1,589,636
| Item | Details |
|---|---|
| Fiscal Period Classification | Third quarter |
| Accounting standards | Japanese GAAP |
| Consolidated / non-consolidated | Consolidated |
| Period Covered | 1 July 2025 to 31 March 2026 |
| Net Sales | ¥6,496 million (YoY +4.0%) |
| Operating profit | ¥626 million (YoY +65.9%) |
| Ordinary income | ¥652 million (YoY +68.1%) |
| Profit attributable to owners of the parent | ¥497 million (YoY +105.1%) |
| Net income per share | ¥54.08 |
| Equity ratio | End of the current fiscal period 74 / End of previous period 72.3 |
| Total assets | ¥10,627 million |
| Net assets | ¥8,025 million |
| Full-year earnings forecast | Net Sales ¥8,900 million (YoY +2.3%) / Operating profit ¥760 million (YoY +2.3%) / Ordinary income ¥800 million (YoY +5.4%) / Net income ¥570 million (YoY +148.4%) |
| Annual Dividend Forecast | ¥41 → ¥42 |
| Segment revenue | Corporate housing management business ¥3,381,734 thousand (YoY +6.3%) / Condominium management business ¥2,981,517 thousand (YoY +2.1%) / Incubation Business ¥132,937 thousand (YoY -6.0%) |
| Segment profit | Corporate housing management business ¥915,931 thousand (YoY +19.2%) / Condominium management business ¥314,966 thousand (YoY +51.3%) / Incubation Business ¥-20,537 thousand |
| Depreciation and amortization | ¥58,505 thousand |
| Impairment loss | ¥12,600 thousand |
| Breakdown of extraordinary income (loss) | Extraordinary income Gain on reversal of subscription rights to shares ¥15,384 thousand, Gain on redemption of investment securities ¥31,998 thousand / Extraordinary loss Loss on Disposal of Fixed Assets ¥0 thousand, Impairment Losses ¥0 thousand |
| Disclosure regarding the going concern assumption | Not applicable. |
| Change in accounting policy | Changes due to revisions to standards No / Other changes No / Change in accounting estimate No / Restatement No |
| Changes in the scope of consolidation | New 1 / Name of newly added company タスリンク株式会社 / Excluded 0 / Excluded Company Name Not disclosed |
| Material subsequent events | The employee housing management outsourcing services business of 東京建物不動産販売株式会社 is scheduled to be transferred to the wholly owned subsidiary タスリンク株式会社 through an absorption-type company split, effective 1 July 2026. |
| Availability of Supplementary Financial Results Materials | No |
| Availability of Financial Results Briefing | No |
| Issued Shares at Period-End | 10,872,800 |
| Treasury Shares at Period-End | 1,589,636 |
| Factors Behind Changes in Business Performance | Recurring revenue performed steadily, new orders and additional orders from existing customers remained strong, and earnings benefited from passing price increases through to management fees, an increase in planned repair work, and reductions in outsourced costs. Net income attributable to owners of the parent also benefited from the recognition of gains on redemption of investment securities and other extraordinary income. |
Items this document does not state (10)
Operating MarginCash flows from operating activitiesCash flows from investing activitiesCash flows from financing activitiesCash and cash equivalents at end of periodRevision to Earnings ForecastPayout ratioShareholder Return PolicyRegional salesOrders received and order backlog
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.Steady performance in recurring revenue, growth in gross profit driven by higher revenue, and recognition of gains on redemption of investment securities and other items as extraordinary income.
How to read this page
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