Corporate Results

The following is Leopalace21's corporate results.

Leasing Business

By increase in employment and promoting corporate sales in all industries, the average occupancy rate increased 2.01 points to 90.01 %.

The occupancy rate at the end of the third quarter was 89.44% (up 2.47 points from the end of the same quarter last year), and the average occupancy rate was 90.01% (up 2.01 points year-on-year). We are expanding tenant services including "my DIY" and security system installations. In addition, we further strengthened sales against corporate and foreign clients and the introduction of IoT in our apartments aiming for stable profits led by occupancy improvement."my DIY" contracts have exceeded 36 thousand. Apartments with security systems installed increased, and accounted for 291 thousand rooms (51.2% of the total units) at the end of December 2017.
The number of units under management at the end of the third quarter was 569,289 (up 550 from the end of the previous fiscal year), and the number of direct offices was 189 (no change from the end of the previous fiscal year). The number of franchise offices was 117 (decreasing 2 from the end of the previous fiscal year).

Occupancy Rate

Occupancy rate

Related information

Development Business

We are promoting apartment supply in urban areas and expanding construction variations.

Orders received during the subject nine months was 55,546 million yen (down 16.7% year-on-year), and orders received outstanding was 68,779 million yen (down 8.1% year-on-year).
In the Development Business, we focused on supplying apartments to urban areas with high occupancy demand, offering high-quality and strategic products with earthquake protection and sound insulation. Also, we expanded construction variations as well as advanced initiatives to boost profit margins via reassessments of product prices, procurement routes. Subsidiary Life Living Co., Ltd. provides development business of condominiums and apartments and subsidiary Morizou Co.,Ltd., provides luxury custom-built homes made with Kiso-hinoki. The number of offices was 60 (no change from the end of the previous fiscal year).

Orders Received

Order results


Consolidated net sales were 385,521 million yen, due to the improvement of occupancy rates which led to the improvement of leasing sales.

Consolidated net sales during the subject nine months were 385,521 million yen (up 1.3% year-on-year). Net sales in the Leasing Business were 324,990 million yen (up 3.5% year-on-year), and 46,590 million yen in the Development Business (down 10.8% year-on-year).

Sales by segment

Sales by segment


Operating profit was 18,763 million yen (up 18.7% year-on-year)

Gross profit was 72,127 million yen (up 7.2% year-on-year), operating profit was 18,763 million yen (up 18.7% year-on-year), recurring profit was 18,585 million yen (up 20.2% year-on-year), and net income attributable to shareholders of the parent was 12,863 million yen (up 0.1% year-on-year).
In the Leasing Business, operating profit was 22,758 million yen (up 27.5% year-on-year). In the Development Business, operating profit was 888 million yen (down 58.0% year-on-year).



More information about Leopalace21's growth strategy

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FY March 2017

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    June 28, 2018
    Ordinary general meeting of shareholders

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