Message from the President

On behalf of Leopalace21, I would like to take this opportunity to convey my gratitude to our shareholders and investors for their continued support.

We recently announced the financial results of our 45th term (nine months ended December 2017), recording a year-on-year increase in net sales, operating profit, and net income of 1.3% and 18.7%, and 0.1% respectively. Compared to forecasts, net sales did not meet forecasts, but profits exceeded forecasts due to cost cuts. Extraordinary losses were realized due to asset sales, but losses were covered by tax effects, and net income exceeded forecasts.

In the Leasing Business, due in part to the Company capturing corporate dormitory demand which increased as employment rates improved, the average occupancy rate was 90.01% (+2.01p year-on-year). Smart station devices equipped with AI speakers will be standardly furnished to our new apartments contracted after January 2018. We will continue to expand tenant services such as the introduction of IoT in our apartments, aiming for stable profits led by occupancy improvement.

In the Development Business, we concentrated orders in metropolitan areas such as Tokyo, and orders received (including real estate development sales) reached 58.3 billion yen (-15.0% year-on-year). Although orders did not meet forecasts because of the rough battles against competitors in the metropolitan areas, we will not expand our orders nationwide. Instead, we focus on supplying apartments in the three metropolitan areas where solid leasing demand is anticipated supported by an increase in population.

We have received permission as a real estate specified joint enterprise on October 2017, and started to sell real estate specified joint enterprise products. The first series had completed composition with a total of 2.46 billion yen and started property management since January. The second series has started raising money from January 15 and the total amount will be 1.4 billion yen. In addition, we are focusing on buildings other than apartments, such as elderly care facilities and convenience stores as a means of land use.

We received an award from Japan Telework Association for our engagement to diversity. We are practicing not only telework but also opening child care facilities within our offices and enhancing employee trainings etc. concentrating on creating pleasant working environment and improving productivity. We are continuing to promote ESG management including our solar power business and strengthening our corporate governance.

Leopalace21 would like to request the continued support and encouragement of all our stakeholders.

February 2018
Eisei Miyama
President and CEO

President and CEO Eisei Miyama
President and CEO Eisei Miyama

Access Ranking

FY March 2017 Q3

Notice to Investors

  • Updated every month Monthly preliminary figures
  • Latest information for investors Download IR documents
  • Compiled by a securities analyst Analyst report
  • IRcalendar

    March 31, 2018
    End of FY 2017 (April 1, 2017 to March 31, 2018)

Contents of Information for Investors

Leopalace21 Service Sites

© Leopalace21 Corporation. All Rights Reserved.