Performance Trends

Net Sales

Net sales increased YoY to JPY 422,671 million.

Average unit rent increase led to a JPY 16,222 million increase compared to the previous fiscal year despite a shortfall in occupancy rate.

Net sales
(JPY million)


Increase in each profit.

Gross profit was JPY 68,835 million (up JPY 15,549 million year on year), operating profit was JPY 23,313 million (up JPY 13,434 million year on year), and recurring profit was JPY 19,476 million (up JPY 12,949 million year on year), resulted in increasing each profit. In addition, net income was JPY 42,062 million (an increase of JPY 22,251million year on year) due to recording of income taxes-deferred (profit) of JPY 26.5 billion.

Operating profit
(JPY million)
Net income
(JPY million)

Leasing Business

The average occupancy rate during FY2023 was 85.99% (up 1.33 p from the previous fiscal year).

The average occupancy rate during the fiscal year ended March 31, 2024 was 85.99% (up 1.33 p year on year) thanks to the success of various measures against the backdrop of strong corporate demand.
In addition, as of the end of March 2024, the number of rooms used by corporate tenants was 300,482, which comes next to the all-time high 309,062 units as of the end of FY2017.
From June 2022, smart locks have been gradually introduced in order to improve the convenience of tenants and promote real estate technology, and the number of units installed has exceeded 250,000.
As of March 31, 2024, the number of units under management was 554,373 (down 6,858 units compared to the end of the previous fiscal year), the number of directly managed leasing offices was 72(down 37 compared to the end of the previous fiscal year), and the number of franchised sales offices was 85 (down 10 compared to the end of the previous fiscal year).

Occupancy rate

External Assessment

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