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 1.74 points to 90.45 %.

The occupancy rate at the end of the first quarter was 90.55% (up 1.95 points from the end of the same quarter last year), and the average occupancy rate was 90.45% (up 1.74 points year-on-year). We implemented measures such as tenant recruitment utilizing direct leasing offices, franchises, and local real estate brokers, as well as expanding tenant services including "my DIY" and security system installations. In addition, the Group further strengthened sales against corporate and foreign clients. "my DIY" contracts have exceeded 33 thousand. Apartments with security systems installed increased, and accounted for 283 thousand rooms (49.7% of the total units) at the end of June 2017.
The number of units under management at the end of the first quarter was 570,842 (up 2,103 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 first quarter was 19,215 million yen (down 14.4% year-on-year), and orders received outstanding was 69,744 million yen (down 4.0% year-on-year).
In the Development Business, the Group focused on supplying apartments to urban areas with high occupancy demand, offering high-quality and strategic products with earthquake protection and sound insulation, and developing products targeting females and young tenants. Also, the Group expanded construction variations such as elderly care facilities, stores, and built-to-order houses, 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 128,450 million yen, due to the improvement of occupancy rates which led to the improvement of leasing sales.

Consolidated net sales during the first quarter were 128,450 million yen (up 1.9% year-on-year). Net sales in the Leasing Business were 109,145 million yen (up 3.2% year-on-year), and 14,476 million yen in the Development Business (up 0.9% year-on-year).

Sales by segment

Sales by segment


Operating profit was 6,957 million yen (up 23.2% year-on-year)

Gross profit was 24,835 million yen (up 9.3% year-on-year), operating profit was 6,957 million yen (up 23.2% year-on-year), recurring profit was 6,917 million yen (up 32.9% year-on-year), and net income attributable to shareholders of the parent was 5,559 million yen (up 25.5% year-on-year).
In the Leasing Business, operating profit was 8,206 million yen (up 23.0% year-on-year). In the Development Business, operating profit was 84 million yen (improvement 214 million yen year-on-year).



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