Message from the President

Our business is to provide solutions to people and housing related problems

I would like to thank our stakeholders for their daily support.

Although the Company reported excessive liabilities per Tokyo Stock Exchange definition (amount of total net assets deducted by non-controlling interests in the consolidated balance sheet) for the fiscal year ended March 2021, the Company recorded net assets of JPY 11 billion, or net assets of JPY 1.4 billion per Tokyo Stock Exchange definition* in the fiscal year ended March 2022, and eliminated the excessive liabilities one year ahead of the plan that the Company earlier reported.

Bunya Miyao, President and CEO

In order to realize the basic policy of "for society as a whole" set forth in the Mission Statement, we strive to promote corporate culture reform and focus on the management policy of following three items in the business operations for the fiscal year ending March 2023.

・Constant structural reforms
・Promote sustainability
・Construction Defects Management

With regard to constant structural reforms, we will improve ownership equity by profitable operation through boosting occupancy rate measures and controlling cost structure.
We will promote sustainability in order to increase the corporate value from mid- to long-term viewpoint in three measures with the major focus on carrying forward real estate tech promotion, in addition to strengthening the corporate governance and adopting greener operations.

For construction defects management, we will complete resolving all obvious defects by the end of 2024 as we announced earlier. We will carry on repairing approximately 38,000 units which we estimate the number of to-be-repaired rooms at the moment including those which we confirmed the obvious defects through investigation.

We are celebrating our 50th anniversary in this fiscal year.We will consider shareholder return while strengthening capital through continually recording net income from the current fiscal year onward.

We look forward to your continued understanding and support of our operation in the future.

Bunya Miyao, President and CEO
May, 2022



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