Corporate Results

The following is Leopalace21's corporate results.

Leasing Business

By increase in employment and promoting corporate sales in all industries, the occupancy rate increased 2.06 points to 90.59%.

The occupancy rate at the end of FY18/3 was 93.72% (up 2.06 points from the end of the last fiscal year), and the average occupancy rate was 90.59% (up 2.06 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 39 thousand. Apartments with security systems installed increased, and accounted for 296 thousand rooms (52.0% of the total units) at the end of March 2018.
The number of units under management at the end of the FY18/3 was 570,672 (up 1,933 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 118 (decreasing 1 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 FY18/3 was 75,905 million yen (down 13.3% year-on-year), and orders received outstanding was 63,966 million yen (down 5.1% 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 530,840 million yen, due to the improvement of occupancy rates which led to the improvement of leasing sales.

Consolidated net sales during FY18/3 were 530,840 million yen (up 2.0% year-on-year). Net sales in the Leasing Business were 435,537 million yen (up 3.4% year-on-year), and 76,587 million yen in the Development Business (down 4.6% year-on-year).

Sales by segment

Sales by segment


Operating profit was 22,930 million yen (up 0.1% year-on-year)

Gross profit was 96,077 million yen (up 3.7% year-on-year), operating profit was 22,930 million yen (up 0.1% year-on-year), recurring profit was 22,354 million yen (down 0.0% year-on-year), and net income attributable to shareholders of the parent was 14,819 million yen (down 27.4% year-on-year).
In the Leasing Business, operating profit was 26,062 million yen (up 13.3% year-on-year). In the Development Business, operating profit was 3,663 million yen (down 36.7% year-on-year).



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FY March 2017

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    August 10, 2018
    Announcement of business results for the three months ended June 30, 2018

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