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

Summary

Continue drastic structural reforms

Continue drastic structural reforms

Roadmap

We plan to make operating profit turn into black FY22/3. In addition achieve net income in FY23/3 and eliminate excessive liabilities per TSE criteria.*

  • * 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(reference)
Sales 530,840 505,223 433,553 408,959 402,900 426,300
Cost of sales 434,762 428,988 408,112 387,872 351,900 341,600
Gross profit
%
96,077
18.1%
76,235
15.1%
25,441
5.9%
21,086
5.2%
51,100
12.7%
84,700
19.9%
SGAE 73,147 68,844 61,915 50,269 49,100 52,100
Operating profit
%
22,930
4.3%
7,390
1.5%
(36,473)
(8.4%)
(29,182)
(7.1%)
2,000
0.5%
32,600
7.6%
Recurring profit
Net income*
22,354
14,819
7,063
(68,662)
(36,341)
(80,224)
(34,170)
(23,680)
(2,900)
(5,600)
27,700
22,800
Average Occupancy rate 90.59% 88.34% 80.78% 78.89% 81.65% 86.92%
Total shareholders' equity 159,044 80,915 1,303 (8,494) (19,900) 1,100
Total shareholders' equity + Share subscription rights 159,328 81,320 1,572 (8,105) (19,500) 1,500
Net assets 159,438 81,338 1,589 3,277 (6,300) 14,200
  • * Net income" refers to "net income attributable to shareholders of the parent".

Numerical Targets - PL

Sales

Sales

Gross profit

Gross profit

Operating profit

Operating profit

Net income(loss)

Net income(loss)
  • * Net income" refers to "net income attributable to shareholder's of the parent"

Numerical Targets - BS

Total shareholders' equity + Share subscription rights

Total shareholders' equity + Share subscription rights

Net assets

Net assets

Cash and cash equivalents

Cash and cash equivalents

Total assets

Total assets

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