Financial Results

The following is Leopalace21's corporate results.

Leasing Business

Resulting from the occupancy improvement measures and slowdown in the spread of COVID-19, the average occupancy rate became 80.63% (up 0.39p yoy).

Resulting from the occupancy improvement measures and slowdown in the spread of COVID-19, the monthly occupancy rates since May 2021 exceeded the actual for the same months in 2020 and the monthly targets for 2021. The occupancy rate at the end of Q1 FY22/3 was 80.91% (up 1.48p against the end of Q1 FY21/3) and made the average rate of 80.63% (up 0.39p yoy). The occupancy improvement measures include expanding tenant-oriented services such as promotion of smart apartment, introduction of industry-first electronic contract signing, promotion of web-based contracts, my DIY for customizing one of the room walls to the tenant's preference, and installation of home security system; strengthening the sales functions for corporate customers; and enhancing the support standard for increasing number of foreign national tenants. The number of web-based contracts exceeded cumulative 18,000 cases since the national roll-out in Q3 FY21/3. The number of rooms covered by the home security system reached 31,000 at the end of Q1 FY22/3.
The number of units under management at the end of FY21/3 was 573,673 (a reduction of 2,125 from of the end The total number of units under management became 573,045 at the end of Q1 FY22/3, a reduction of 1,750 units from the end of Q1 FY21/3. The number of directly managed leasing offices was 111 at the end of Q1 FY22/3, a reduction of 57 from the end of Q1 FY21/3. The number of franchised leasing offices was reduced by 7 to 100 comparing that of the end of Q1 FY21/3 and the end of Q1 F22/3.

Occupancy Rate

Occupancy rate

Related information

Sales

Consolidated net sales were JPY 100,244 million.

Consolidated net sales for Q1 FY22/3 were JPY 100,244 million (down 3.6% yoy), which exceeded the planned net sales of JPY 98,800 million by JPY1,444 million.

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.

Profits

Operating loss was JPY 1,287 million, a reduced loss of JPY 5,539 million yoy

Operating loss was JPY 1,287 million, a reduced loss of JPY 5,539 million yoy, as a result of reducing the cost of sales and SGAE by JPY 9,281 million yoy. Recurring loss was JPY 2,241 million, a reduced loss of JPY 4,607 million yoy, due to the recording of interest expenses of JPY 1,117. Net loss attributable to shareholders of the parent became JPY 957 million, a reduced loss of JPY 13,165 million yoy, due to the recording of reversal of reserve for losses related to repairs of JPY 1,919 million mainly because of the unit repair cost reduction resulting from bulk ordering and changes in repair method.

Profits

Profits

More information about Leopalace21's growth strategy

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    November 12, 2021
    Announcement of business results for the six months ending September 30, 2021



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