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 0.59 points to 88.00 %.

The occupancy rate at the end of the third quarter was 86.97% (up 0.08 points from the end of the same quarter last year), and the average occupancy rate was 88.00% (up 0.59 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 29 thousand. Apartments with security systems installed increased, and accounted for 273 thousand rooms at the end of December 2016.
The number of units under management at the end of the third quarter was 567,008 (up 5,047 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 13 from the end of the previous fiscal year).

Occupancy Rate

Occupancy rate

Related information

Construction Business

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

Orders received during the subject nine months was 66,307 million yen (up 8.7% year-on-year), and orders received outstanding was 74,478 million yen (up 13.9% from the end of the same quarter last year).
In the Construction 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. The number of offices was 60 (no change from the end of the previous fiscal year).

Orders Received

Order results


Consolidated net sales were 380,634 million yen, due to the improvement of occupancy rates and the increase of orders received outstanding which led to the improvement of construction sales.

Consolidated net sales during the subject nine months were 380,634 million yen (up 1.0% year-on-year). Net sales were 310,304 million yen in the Leasing Business (up 1.6% year-on-year), and 49,990 million yen in the Construction Business (down 2.9% year-on-year).

Sales by segment

Sales by segment


Operating profit was 15,802 million yen (down 0.8% year-on-year)

Gross profit was 67,256 million yen (up 3.2% year-on-year), operating profit was 15,802 million yen (down 0.8% year-on-year), recurring profit was 15,465 million yen (up 3.2% year-on-year), and net income attributable to shareholders of the parent was 12,854 million yen (up 1.5% year-on-year).
In the Leasing Business, operating profit was 17,077 million yen (down 7.6% year-on-year). In the Construction Business, operating profit was 1,992 million yen (up 132.7% year-on-year).



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