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 1.84points to 90.20%.

The occupancy rate at the end of the second quarter was 90.21% (up 1.90 points from the end of the same quarter last year), and the average occupancy rate was 90.20% (up 1.84 points year-on-year). We are expanding tenant services including "my DIY" and security system installations. In addition, the Group further strengthened sales against corporate and foreign clients and the introduction of IoT in our apartment aiming for stable profits led by occupancy improvement."my DIY" contracts have exceeded 34 thousand. Apartments with security systems installed increased, and accounted for 288 thousand rooms (50.4% of the total units) at the end of September 2017.
The number of units under management at the end of the second quarter was 570,802 (up 2,063 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 second quarter was 37,886 million yen (down 14.5% year-on-year), and orders received outstanding was 68,042 million yen (down 6.0% 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. Also, the Group 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 258,740 million yen, due to the improvement of occupancy rates which led to the improvement of leasing sales.

Consolidated net sales during the second quarter were 258,740 million yen (up 1.4% year-on-year). Net sales in the Leasing Business were 217,439 million yen (up 3.5% year-on-year), and 32,024 million yen in the Development Business (down 8.7% year-on-year).

Sales by segment

Sales by segment


Operating profit was 13,987 million yen (up 23.4% year-on-year)

Gross profit was 49,424 million yen (up 8.3% year-on-year), operating profit was 13,987 million yen (up 23.4% year-on-year), recurring profit was 13,827 million yen (up 28.7% year-on-year), and net income attributable to shareholders of the parent was 9,488 million yen (down 2.1% year-on-year).
In the Leasing Business, operating profit was 16,058 million yen (up 28.3% year-on-year). In the Development Business, operating profit was 974 million yen (down 34.1% year-on-year).



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