Financial Results

The following is Leopalace21's corporate results.

Leasing Business

Mainly due to COVID-19 pandemic, the average occupancy rate was 78.58% (down 1.89p yoy).

Since the demand for corporate clients and foreign tenants were restricted because of COVID-19 impact and certain number of vacant rooms were suspended for tenant recruitment, both the occupancy rates and profits were deteriorated. The occupancy rate at the end of the Q1-Q3 period were 77.07% (down 1.84p yoy) and the average occupancy rate were 78.58% (down 1.89p yoy). We implemented measures such as propulsion of smart apartments, the industry-first electronic rental agreement management service, promotion of web-based contracts, and expanding tenant services including "my DIY" and security system installations. In addition, we further strengthened sales to corporate and enhanced support in multiple languages in order to expand foreign clients. Cumulative number of web-based contracts which was expanded nationwide during Q3 exceeded 4,000. Apartments with security systems installed increased, and amounted to 310,000 rooms (54.8% of total units) at the end of FY21/3 Q3.
The number of units under management at the end of FY21/3 Q3 was 574,083 (a reduction of 1,715 from of the end of the previous year) and the number of directory-managed stores was 141 (decreasing by 48 from the end of the previous year). The number of franchised stores was 101 (decreasing by 5 from the end of the previous year).

Occupancy Rate

Occupancy rate

Related information


Consolidated net sales were 308,326 million yen.

Consolidated net sales for the cumulative third quarter were 308,326 million yen (down 6.2% yoy). Net sales in the Leasing Business were 295,224 million yen (down 5.6% yoy) and 10,956 million yen (down 0.5% yoy) in the Elderly Care Business.

Sales by segment

Sales by segment
  • *Actual numbers for FY20/3 represent the result of change in segmentation retrospectively in line with the drastic business strategies reconstruction.


Operating loss was 16,585 million yen (a reduced loss of 6,220 million yen yoy)

Gross profit was 21,215 million yen (down 5.8% yoy), operating loss was 16,585 million yen (a reduced loss of 6,220 million yen yoy), and recurring loss was 20,562 million yen (a reduced loss of 1,569 million yen yoy). Net loss attributable to shareholders of the parent was 25,003 million yen (an increased loss of 865 million yen yoy) due to impairment loss on non-current assets and goodwill of 3,742 million yen, special severance allowance of 2,470 million yen associated with the voluntary retirement program, and loss related to repairs concerning construction defects such as parting walls of 724 million yen in the extraordinary losses despite the gains on sale of investment securities of 4,065 million yen.



More information about Leopalace21's growth strategy

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FY March 2020

Notice to Investors

  • Updated every month Monthly preliminary figures
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    May 14, 2021
    Announcement of business results for FY ending March 31, 2021

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