Message from the President

We would like to express our gratitude to our shareholders and investors for your continued support.

Financial Results for the fiscal year ended March 31, 2025

Our business performance resulted in increased sales and profit items compared to the previous fiscal year. We managed to enhance the profitability and strengthen the financial base by recording operating profit of JPY29.2 billion, which is the highest level since the global financial crisis, increased equity ratio of 37.5%, and cash and deposits of JPY88.4 billion.

Medium-term Management Plan

We will clarify our vision for the future business environment and strengthen our business foundation, which is centered on the Leasing Business and Development Business, in the Medium-term Management Plan "New Growth 2028" formulated this fiscal year.

From a financial perspective, we will shift to look at more opportunities rather than stabilizing factors in the management approach, with the two pillars of sustainable revenue and profit growth and stable shareholder returns. By investing in human capital, DX promotion, and other growth areas, we will improve occupancy rates and overall average unit rent for occupied units, aiming for sustained revenue and profit growth over the three-year period, with the goal of achieving JPY468 billion in sales and JPY41.3 billion in operating profit in the year ending March 31, 2028.

In addition, we aim to achieve ROE of 20%, ROIC of 18%, EPS of JPY75.23, and EBITDA of JPY43.3 billion in the fiscal year ending March 31, 2028, through management with an awareness of optimal capital efficiency, using indicators related to efficiency, profitability, and safety as KPIs.

Shareholder Returns

For the fiscal year ending March 31, 2025, we will pay an annual dividend of JPY10 per share, and we will pay continuous and stable dividends in the future.
Considering the balance between our financial situation and investment in growth, we will work to strengthen shareholder returns, aiming to achieve a dividend payout ratio of 30% in the fiscal year ending March 31, 2028.

We look forward to your continued understanding and support of our business activities in the future.

Bunya Miyao, President and CEO

May 2025