Message from the President

Our business is to provide solutions to people and housing related issues through our corporate philosophy: Offer rental housing with stable operation

We would like to thank all of our stakeholders for their continued support.

We have been providing all kinds of values to the society through housing-related businesses since our establishment in 1973. The provision of studio type apartments equipped with furniture, home appliances, and Internet connectivity is the typical examples of our solutions. We have now grown to a scale where our sales exceeded JPY400 billion.

We formulated the Medium-term Management Plan "New Growth 2028" covering the three-year period from the fiscal year ending March 2026 to the fiscal year ending March 2028 with the following basic policy.

Fundamental Strategy

• Implement Regional Strategy (Improve Occupancy Rates and Overall Unit Rent Being Occupied)
• Establish a Sustainable Organizational Structure through Promotion of DX and Human Capital Management

Growth Strategy

• Resume Full-scale Development Business (Optimize Managed Property Portfolio)
• Contribute to a Decarbonized Society through supply of ZEH (Net Zero Energy House)

We establish ourselves as an integrated leasing management services provider with the function of constructing apartment buildings, leasing the apartment units, and managing them as an infrastructure of living. We will strengthen the business foundation to be able to realize the regional branch structure so that we can flexibly respond to the social changes and continue the stable business operations.

We will position the fiscal year ending March 2026 as the first year of the New Leopalace21 and aim to recover the occupancy rate to 89% at the end of the fiscal year by capturing demand for the company-leased housing from corporate customers and by providing housing support to foreign residents with the specific skills and international students. We will also maximize revenues through appropriate pricing in each region.
In addition, we will continue to focus on promoting DX to differentiate ourselves from competitors, improve customer convenience, and enhance operational efficiency.

Regarding the repair of construction defects, we had completed the investigation and repair of all obvious defects with the cooperation of the tenants and building owners.
We will continue to maintain an organization that enables us to respond to the requests of tenants and building owners, and after consultation with the specified administrative agencies, we will carefully respond to the individual requests of tenants and building owners. We will proceed with repairs and other measures based on a response plan tailored to the circumstances of each property.

Through the growth of our business, we will continue to solve issues related to people and housing and aim to be a company that is needed by society. We look forward to your continued understanding and support of our operation in the future.

Bunya Miyao, President & CEO

May 2025