Medium to Long-term Strategies and Numerical Targets
Mid- to long-term strategies
The Company has been working on business structural reforms such as transfer of or withdrawalfrom non-core unprofitable businesses.
Although the Company recorded net assets of JPY 3.2 billion for the fiscal year ended March 2021,it was calculated negative JPY 8.1 billion per the TSE criteria, which is equal to the sum of total shareholders' equity and share subscription rights, and regarded as excessive liabilities.
Accordingly the Company disclosed its plan of eliminating the excessive liabilities.
Summary
Continue drastic structural reforms
Roadmap
We plan to make operating profit and net income turn into black FY22/3* and eliminate excessive liabilities per TSE criteria** in FY23/3.
- * We revised earnings forecasts on November 8, 2021 and on February 4, 2022.
- ** The Tokyo Stock Exchange defines the "net assets" in its listing regulations as subtracting the non-controlling interests from the total net assets in the consolidated balance sheet.
Plan
| (Millions of yen) | FY18/3 Actual |
FY19/3 Actual |
FY20/3 Actual |
FY21/3 Actual |
FY22/3 Plan** |
FY23/3 Plan(ref.)** |
|---|---|---|---|---|---|---|
| Sales | 530,840 | 505,223 | 433,553 | 408,959 | 399,400 | 420,800 |
| Cost of sales | 434,762 | 428,988 | 408,112 | 387,872 | 353,200 | 351,700 |
| Gross profit % |
96,077 18.1% |
76,235 15.1% |
25,441 5.9% |
21,086 5.2% |
46,200 11.6％ |
69,100 16.4% |
| SGAE | 73,147 | 68,844 | 61,915 | 50,269 | 43,600 | 48,600 |
| Operating profit % |
22,930 4.3% |
7,390 1.5% |
(36,473) (8.4%) |
(29,182) (7.1%) |
2,600 0.7％ |
20,500 4.9％ |
| Recurring profit | 22,354 | 7,063 | (36,341) | (34,170) | (1,800) | 15,300 |
| Net income* | 14,819 | (68,662) | (80,224) | (23,680) | 1,800 | 13,500 |
| Average Occupancy rate | 90.59% | 88.34% | 80.78% | 78.89% | 81.24% | 85.86% |
| Total shareholders' equity | 159,044 | 80,915 | 1,303 | (8,494) | (12,000) | 3,400 |
| Total shareholders' equity + Share subscription rights | 159,328 | 81,320 | 1,572 | (8,105) | (11,600) | 3,800 |
| Net assets | 159,438 | 81,338 | 1,589 | 3,277 | (900) | 12,800 |
- * Net income" refers to "net income attributable to shareholders of the parent".
- **Numerical targets reflect the latest plan.
Numerical Targets - PL
Sales
Gross profit
Operating profit
Net income(loss)
Numerical Targets - BS
Total shareholders' equity + Share subscription rights
Net assets
Cash and cash equivalents
Total assets
More information about Leopalace21's growth strategy
-
Our President and CEO provides investors with details of our quarterly management performance.
-
Introduction of Leopalace21 Board of Directors
-
Introduction of Leopalace21's Corporate Governance
-
Explanation of business and other risks.
-
Business Reports (Japanese only)
Download annual and interim Business Reports
-
Download details of our current Medium-term Management Plan
