Segment Information

Net sales of the Leasing Business during the fiscal year ended March 2023 were JPY 391,438 million, up 2.2% year on year due to the higher unit rent and improved occupancy rates. Operating profit was increased to JPY 16,887 million, up 118.8% year on year, mainly due to the effect of increased profitability resulting from successful contractual adjustment of master-lease rent with the apartment owners.
We have been cutting the operational cost by continuous efficiency improvement for the Elderly Care Business. Net sales during the fiscal year ended March 2023 were JPY 13,941 million (down 2.2% year on year), and operating loss was JPY 1,208 million (an increased loss of JPY 418 million year on year) due to a decrease in the number of users for elderly care services concerning about the infection risk of COVID-19. The number of facilities was 87 as of the end of the fiscal year ended March 2023.
Net sales of the Other Businesses including resort facilities in Guam and others, were JPY 1,069 million (up 0.5% year on year due to weaker JPY) and operating loss was JPY 2,706 million (an increased loss of JPY 1,038 million year on year) mainly due to continuous a significant decline in occupancy rates in Guam.

Changes in Sales Composition

We switched to a recurring revenue model centered on the Leasing Business aiming for a stable earnings structure over the medium to long term after the global financial crisis.The sales ratio of the Leasing Business increased further as a result of suspending new contract orders for apartments after the revelation of the construction defects problem.

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  January 1–31, 2024

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  Leopalace21 is working to solve a wide variety of social issues with the aim of creating a sustainable society under the sustainability vision of "We go on creating new value for society today and in the future."

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