Annual report

Period2024-10-01 → 2025-09-30
Filed2025-12-19
StandardJapan GAAP
ConsolidatedYes
Data checks24 of 24 passed
Key figures · 148
MetricValuePeriodScopeSource row
Revenue¥129.8bn2024-10-01 → 2025-09-30Cons.Net sales
Revenue¥107.8bn2023-10-01 → 2024-09-30Cons.Net sales
Revenue¥71.1bn2022-10-01 → 2023-09-30vCons.Net sales (5-year summary)
Revenue¥59.2bn2021-10-01 → 2022-09-30vCons.Net sales (5-year summary)
Revenue¥14.9bn2020-10-01 → 2021-09-30dCons.Net sales (5-year summary)
Operating income¥25.4bn2024-10-01 → 2025-09-30Cons.Operating income
Operating income¥28.6bn2023-10-01 → 2024-09-30Cons.Operating income
Ordinary income¥26.5bn2024-10-01 → 2025-09-30Cons.Ordinary income
Ordinary income¥28.9bn2023-10-01 → 2024-09-30Cons.Ordinary income
Ordinary income¥18.0bn2022-10-01 → 2023-09-30vCons.Ordinary income loss (5-year summary)
Ordinary income¥12.5bn2021-10-01 → 2022-09-30vCons.Ordinary income loss (5-year summary)
Ordinary income¥5.1bn2020-10-01 → 2021-09-30dCons.Ordinary income loss (5-year summary)
Profit before tax¥26.3bn2024-10-01 → 2025-09-30Cons.Income before income taxes
Profit before tax¥29.4bn2023-10-01 → 2024-09-30Cons.Income before income taxes
Net income (owners)¥18.2bn2024-10-01 → 2025-09-30Cons.Profit loss attributable to owners of parent
Net income (owners)¥20.5bn2023-10-01 → 2024-09-30Cons.Profit loss attributable to owners of parent
Net income (owners)¥12.5bn2022-10-01 → 2023-09-30vCons.Profit loss attributable to owners of parent (5-year summary)
Net income (owners)¥8.5bn2021-10-01 → 2022-09-30vCons.Profit loss attributable to owners of parent (5-year summary)
Net income (owners)¥2.9bn2020-10-01 → 2021-09-30dCons.Profit loss attributable to owners of parent (5-year summary)
Net income¥18.1bn2024-10-01 → 2025-09-30Cons.Profit loss
Net income¥20.5bn2023-10-01 → 2024-09-30Cons.Profit loss
Total assets¥126.9bnat 2025-09-30Cons.Assets
Total assets¥230.6bnat 2024-09-30Cons.Assets
Total assets¥183.7bnat 2023-09-30vCons.Total assets (5-year summary)
Total assets¥158.1bnat 2022-09-30vCons.Total assets (5-year summary)
Total assets¥91.9bnat 2021-09-30dCons.Total assets (5-year summary)
Total liabilities¥69.7bnat 2025-09-30Cons.Liabilities
Total liabilities¥177.3bnat 2024-09-30Cons.Liabilities
Net assets / equity¥57.2bnat 2025-09-30Cons.Net assets
Net assets / equity¥53.3bnat 2024-09-30Cons.Net assets
Net assets / equity¥44.3bnat 2023-09-30vCons.Net assets
Net assets / equity¥36.2bnat 2022-09-30vCons.Net assets (5-year summary)
Net assets / equity¥29.4bnat 2021-09-30dCons.Net assets (5-year summary)
Cash and deposits¥14.3bnat 2025-09-30Cons.Cash and deposits
Cash and deposits¥17.4bnat 2024-09-30Cons.Cash and deposits
Cash & equivalents¥14.3bnat 2025-09-30Cons.Cash and cash equivalents
Cash & equivalents¥16.0bnat 2024-09-30Cons.Cash and cash equivalents
Cash & equivalents¥14.6bnat 2023-09-30vCons.Cash and cash equivalents
Cash & equivalents¥11.7bnat 2022-09-30vCons.Cash and cash equivalents (5-year summary)
Cash & equivalents¥19.4bnat 2021-09-30dCons.Cash and cash equivalents (5-year summary)
Operating cash flow¥108.2bn2024-10-01 → 2025-09-30Cons.Net cash provided by used in operating activities
Operating cash flow−¥29.3bn2023-10-01 → 2024-09-30Cons.Net cash provided by used in operating activities
Operating cash flow¥4.8bn2022-10-01 → 2023-09-30vCons.Net cash provided by used in operating activities (5-year summary)
Operating cash flow−¥50.9bn2021-10-01 → 2022-09-30vCons.Net cash provided by used in operating activities (5-year summary)
Operating cash flow¥26.7bn2020-10-01 → 2021-09-30dCons.Net cash provided by used in operating activities (5-year summary)
Investing cash flow¥806m2024-10-01 → 2025-09-30Cons.Net cash provided by used in investment activities
Investing cash flow¥6.6bn2023-10-01 → 2024-09-30Cons.Net cash provided by used in investment activities
Investing cash flow−¥9.4bn2022-10-01 → 2023-09-30vCons.Net cash provided by used in investing activities (5-year summary)
Investing cash flow−¥552m2021-10-01 → 2022-09-30vCons.Net cash provided by used in investing activities (5-year summary)
Investing cash flow−¥1.1bn2020-10-01 → 2021-09-30dCons.Net cash provided by used in investing activities (5-year summary)
Financing cash flow−¥110.9bn2024-10-01 → 2025-09-30Cons.Net cash provided by used in financing activities
Financing cash flow¥24.2bn2023-10-01 → 2024-09-30Cons.Net cash provided by used in financing activities
Financing cash flow¥7.3bn2022-10-01 → 2023-09-30vCons.Net cash provided by used in financing activities (5-year summary)
Financing cash flow¥43.6bn2021-10-01 → 2022-09-30vCons.Net cash provided by used in financing activities (5-year summary)
Financing cash flow−¥31.9bn2020-10-01 → 2021-09-30dCons.Net cash provided by used in financing activities (5-year summary)
EPS (basic)¥216.182024-10-01 → 2025-09-30Cons.Basic earnings loss per share (5-year summary)
EPS (basic)¥240.072023-10-01 → 2024-09-30Cons.Basic earnings loss per share (5-year summary)
EPS (basic)¥145.972022-10-01 → 2023-09-30vCons.Basic earnings loss per share (5-year summary)
EPS (basic)¥99.242021-10-01 → 2022-09-30vCons.Basic earnings loss per share (5-year summary)
EPS (basic)¥34.512020-10-01 → 2021-09-30dCons.Basic earnings loss per share (5-year summary)
Net assets per share¥681.46at 2025-09-30Cons.Net assets per share (5-year summary)
Net assets per share¥629.36at 2024-09-30Cons.Net assets per share (5-year summary)
Net assets per share¥517.45at 2023-09-30vCons.Net assets per share (5-year summary)
Net assets per share¥422.35at 2022-09-30vCons.Net assets per share (5-year summary)
Net assets per share¥342.39at 2021-09-30dCons.Net assets per share (5-year summary)
Equity ratio45.0%at 2025-09-30Cons.Equity to asset ratio (5-year summary)
Equity ratio23.1%at 2024-09-30Cons.Equity to asset ratio (5-year summary)
Equity ratio24.1%at 2023-09-30vCons.Equity to asset ratio (5-year summary)
Equity ratio22.8%at 2022-09-30vCons.Equity to asset ratio (5-year summary)
Equity ratio31.8%at 2021-09-30dCons.Equity to asset ratio (5-year summary)
ROE32.9%2024-10-01 → 2025-09-30Cons.Rate of return on equity (5-year summary)
ROE42.0%2023-10-01 → 2024-09-30Cons.Rate of return on equity (5-year summary)
ROE31.1%2022-10-01 → 2023-09-30vCons.Rate of return on equity (5-year summary)
ROE26.0%2021-10-01 → 2022-09-30vCons.Rate of return on equity (5-year summary)
ROE10.4%2020-10-01 → 2021-09-30dCons.Rate of return on equity (5-year summary)
Employees383at 2025-09-30Cons.Number of employees
Employees355at 2024-09-30Cons.Number of employees
Employees307at 2023-09-30vCons.Number of employees
Employees337at 2022-09-30vCons.Number of employees
Employees336at 2021-09-30dCons.Number of employees
Revenue¥125.1bn2024-10-01 → 2025-09-30StandaloneNet sales
Revenue¥105.2bn2023-10-01 → 2024-09-30StandaloneNet sales
Revenue¥68.5bn2022-10-01 → 2023-09-30vStandaloneNet sales (5-year summary)
Revenue¥57.3bn2021-10-01 → 2022-09-30vStandaloneNet sales (5-year summary)
Revenue¥13.0bn2020-10-01 → 2021-09-30dStandaloneNet sales (5-year summary)
Operating income¥25.9bn2024-10-01 → 2025-09-30StandaloneOperating income
Operating income¥28.8bn2023-10-01 → 2024-09-30StandaloneOperating income
Ordinary income¥26.9bn2024-10-01 → 2025-09-30StandaloneOrdinary income
Ordinary income¥29.4bn2023-10-01 → 2024-09-30StandaloneOrdinary income
Ordinary income¥18.0bn2022-10-01 → 2023-09-30vStandaloneOrdinary income loss (5-year summary)
Ordinary income¥12.8bn2021-10-01 → 2022-09-30vStandaloneOrdinary income loss (5-year summary)
Ordinary income¥5.5bn2020-10-01 → 2021-09-30dStandaloneOrdinary income loss (5-year summary)
Profit before tax¥25.3bn2024-10-01 → 2025-09-30StandaloneIncome before income taxes
Profit before tax¥29.1bn2023-10-01 → 2024-09-30StandaloneIncome before income taxes
Net income¥18.3bn2024-10-01 → 2025-09-30StandaloneProfit loss
Net income¥20.3bn2023-10-01 → 2024-09-30StandaloneProfit loss
Net income¥12.2bn2022-10-01 → 2023-09-30vStandaloneNet income loss (5-year summary)
Net income¥9.0bn2021-10-01 → 2022-09-30vStandaloneNet income loss (5-year summary)
Net income¥3.6bn2020-10-01 → 2021-09-30dStandaloneNet income loss (5-year summary)
Total assets¥150.3bnat 2025-09-30StandaloneAssets
Total assets¥235.7bnat 2024-09-30StandaloneAssets
Total assets¥190.3bnat 2023-09-30vStandaloneTotal assets (5-year summary)
Total assets¥168.3bnat 2022-09-30vStandaloneTotal assets (5-year summary)
Total assets¥91.2bnat 2021-09-30dStandaloneTotal assets (5-year summary)
Total liabilities¥92.2bnat 2025-09-30StandaloneLiabilities
Total liabilities¥181.4bnat 2024-09-30StandaloneLiabilities
Net assets / equity¥58.2bnat 2025-09-30StandaloneNet assets
Net assets / equity¥54.2bnat 2024-09-30StandaloneNet assets
Net assets / equity¥45.3bnat 2023-09-30vStandaloneNet assets
Net assets / equity¥37.4bnat 2022-09-30vStandaloneNet assets (5-year summary)
Net assets / equity¥30.0bnat 2021-09-30dStandaloneNet assets (5-year summary)
Cash and deposits¥11.0bnat 2025-09-30StandaloneCash and deposits
Cash and deposits¥13.4bnat 2024-09-30StandaloneCash and deposits
EPS (basic)¥217.952024-10-01 → 2025-09-30StandaloneBasic earnings loss per share (5-year summary)
EPS (basic)¥238.792023-10-01 → 2024-09-30StandaloneBasic earnings loss per share (5-year summary)
EPS (basic)¥142.722022-10-01 → 2023-09-30vStandaloneBasic earnings loss per share (5-year summary)
EPS (basic)¥105.252021-10-01 → 2022-09-30vStandaloneBasic earnings loss per share (5-year summary)
EPS (basic)¥42.192020-10-01 → 2021-09-30dStandaloneBasic earnings loss per share (5-year summary)
Dividend per share¥130.42024-10-01 → 2025-09-30StandaloneDividend paid per share (5-year summary)
Dividend per share¥120.32023-10-01 → 2024-09-30StandaloneDividend paid per share (5-year summary)
Dividend per share¥732022-10-01 → 2023-09-30vStandaloneDividend paid per share (5-year summary)
Dividend per share¥502021-10-01 → 2022-09-30vStandaloneDividend paid per share (5-year summary)
Dividend per share¥18.52020-10-01 → 2021-09-30dStandaloneDividend paid per share (5-year summary)
Net assets per share¥694.64at 2025-09-30StandaloneNet assets per share (5-year summary)
Net assets per share¥641.56at 2024-09-30StandaloneNet assets per share (5-year summary)
Net assets per share¥530.81at 2023-09-30vStandaloneNet assets per share (5-year summary)
Net assets per share¥438.07at 2022-09-30vStandaloneNet assets per share (5-year summary)
Net assets per share¥351.39at 2021-09-30dStandaloneNet assets per share (5-year summary)
Equity ratio38.7%at 2025-09-30StandaloneEquity to asset ratio (5-year summary)
Equity ratio23.0%at 2024-09-30StandaloneEquity to asset ratio (5-year summary)
Equity ratio23.8%at 2023-09-30vStandaloneEquity to asset ratio (5-year summary)
Equity ratio22.2%at 2022-09-30vStandaloneEquity to asset ratio (5-year summary)
Equity ratio32.9%at 2021-09-30dStandaloneEquity to asset ratio (5-year summary)
ROE32.6%2024-10-01 → 2025-09-30StandaloneRate of return on equity (5-year summary)
ROE40.9%2023-10-01 → 2024-09-30StandaloneRate of return on equity (5-year summary)
ROE29.5%2022-10-01 → 2023-09-30vStandaloneRate of return on equity (5-year summary)
ROE26.7%2021-10-01 → 2022-09-30vStandaloneRate of return on equity (5-year summary)
ROE12.6%2020-10-01 → 2021-09-30dStandaloneRate of return on equity (5-year summary)
Shares issued83,803,600at 2025-09-30StandaloneTotal number of issued shares (5-year summary)
Shares issued85,403,600at 2024-09-30StandaloneTotal number of issued shares (5-year summary)
Shares issued89,073,600at 2023-09-30vStandaloneTotal number of issued shares (5-year summary)
Shares issued89,073,600at 2022-09-30vStandaloneTotal number of issued shares (5-year summary)
Shares issued89,073,600at 2021-09-30dStandaloneTotal number of issued shares (5-year summary)
Employees309at 2025-09-30StandaloneNumber of employees
Employees287at 2024-09-30StandaloneNumber of employees
Employees248at 2023-09-30vStandaloneNumber of employees
Employees241at 2022-09-30vStandaloneNumber of employees
Employees234at 2021-09-30dStandaloneNumber of employees

Periods use the dates stated in the filing. d = earlier-year period dated by calendar; v = that date confirmed by the company's own earlier filing.

Segments · 20
SegmentItemPeriodValue
Operating Segments Not Included In Reportable Segments And Other Revenue Generating Business Activitiesother segmentsrevenue2024-10-01 → 2025-09-30¥417m
Operating Segments Not Included In Reportable Segments And Other Revenue Generating Business Activitiesother segmentsrevenue external2024-10-01 → 2025-09-30¥417m
Domestic Real Estate Fund Businessreportable segmentrevenue2024-10-01 → 2025-09-30¥96.0bn
Domestic Real Estate Fund Businessreportable segmentrevenue external2024-10-01 → 2025-09-30¥96.0bn
International Real Estate Fund Businessreportable segmentrevenue2024-10-01 → 2025-09-30¥3.5bn
International Real Estate Fund Businessreportable segmentrevenue external2024-10-01 → 2025-09-30¥3.5bn
Leasing Fund Businessreportable segmentrevenue2024-10-01 → 2025-09-30¥29.8bn
Leasing Fund Businessreportable segmentrevenue external2024-10-01 → 2025-09-30¥29.8bn
—segment totalrevenue2024-10-01 → 2025-09-30¥129.3bn
—segment totalrevenue external2024-10-01 → 2025-09-30¥129.3bn
Operating Segments Not Included In Reportable Segments And Other Revenue Generating Business Activitiesother segmentsrevenue2023-10-01 → 2024-09-30¥678m
Operating Segments Not Included In Reportable Segments And Other Revenue Generating Business Activitiesother segmentsrevenue external2023-10-01 → 2024-09-30¥678m
Domestic Real Estate Fund Businessreportable segmentrevenue2023-10-01 → 2024-09-30¥75.1bn
Domestic Real Estate Fund Businessreportable segmentrevenue external2023-10-01 → 2024-09-30¥75.1bn
International Real Estate Fund Businessreportable segmentrevenue2023-10-01 → 2024-09-30¥2.7bn
International Real Estate Fund Businessreportable segmentrevenue external2023-10-01 → 2024-09-30¥2.7bn
Leasing Fund Businessreportable segmentrevenue2023-10-01 → 2024-09-30¥29.3bn
Leasing Fund Businessreportable segmentrevenue external2023-10-01 → 2024-09-30¥29.3bn
—segment totalrevenue2023-10-01 → 2024-09-30¥107.1bn
—segment totalrevenue external2023-10-01 → 2024-09-30¥107.1bn

Segment names come from EDINET member IDs; not yet mapped to a common taxonomy.

All source rows · 1,556
ItemContextValueUnit
Net defined benefit liabilityCurrentYearInstant4000000JPY
Other nclPrior1YearInstant388000000JPY
Other nclCurrentYearInstant380000000JPY
Noncurrent liabilitiesPrior1YearInstant45543000000JPY
Noncurrent liabilitiesCurrentYearInstant28670000000JPY
LiabilitiesPrior1YearInstant177290000000JPY
LiabilitiesCurrentYearInstant69671000000JPY
Capital stockPrior1YearInstant3095000000JPY
Capital stockCurrentYearInstant3095000000JPY
Capital surplusPrior1YearInstant2671000000JPY
Capital surplusCurrentYearInstant2671000000JPY
Retained earningsPrior1YearInstant49151000000JPY
Retained earningsCurrentYearInstant51200000000JPY
Treasury stockPrior1YearInstant-1871000000JPY
Treasury stockCurrentYearInstant-177000000JPY
Shareholders equityPrior1YearInstant53047000000JPY
Shareholders equityCurrentYearInstant56789000000JPY
Valuation difference on available for sale securitiesPrior1YearInstant1000000JPY
Valuation difference on available for sale securitiesCurrentYearInstant36000000JPY
Foreign currency translation adjustmentPrior1YearInstant158000000JPY
Foreign currency translation adjustmentCurrentYearInstant234000000JPY
Valuation and translation adjustmentsPrior1YearInstant159000000JPY
Valuation and translation adjustmentsCurrentYearInstant271000000JPY
Non controlling interestsPrior1YearInstant122000000JPY
Non controlling interestsCurrentYearInstant125000000JPY
Net assetsPrior1YearInstant53329000000JPY
Net assetsCurrentYearInstant57186000000JPY
Liabilities and net assetsPrior1YearInstant230619000000JPY
Liabilities and net assetsCurrentYearInstant126857000000JPY
Net salesPrior1YearDuration107781000000JPY
Net salesCurrentYearDuration129764000000JPY
Cost of salesPrior1YearDuration69435000000JPY
Cost of salesCurrentYearDuration93717000000JPY
Gross profitPrior1YearDuration38346000000JPY
Gross profitCurrentYearDuration36046000000JPY
Selling general and administrative expensesPrior1YearDuration9713000000JPY
Selling general and administrative expensesCurrentYearDuration10628000000JPY
Operating incomePrior1YearDuration28633000000JPY
Operating incomeCurrentYearDuration25417000000JPY
Interest income noiPrior1YearDuration781000000JPY
Interest income noiCurrentYearDuration1169000000JPY
Gain on investments in money held in trust noiPrior1YearDuration370000000JPY
Gain on investments in money held in trust noiCurrentYearDuration98000000JPY
Real estate rent noiPrior1YearDuration1470000000JPY
Real estate rent noiCurrentYearDuration1407000000JPY
Aircraft rental income noiPrior1YearDuration73000000JPY
Aircraft rental income noiCurrentYearDuration154000000JPY
Equity in earnings of affiliates noiPrior1YearDuration362000000JPY
Equity in earnings of affiliates noiCurrentYearDuration485000000JPY
Other noiPrior1YearDuration14000000JPY

Every row of the EDINET CSV. Item names are the XBRL element names; filed text is kept in its original Japanese. Filed text is available on Plus and Pro.

Data checks · 24 of 24 passed
balance sheet identityconsolidated 2024-09-30pass
balance sheet identityconsolidated 2025-09-30pass
balance sheet identitynon_consolidated 2024-09-30pass
balance sheet identitynon_consolidated 2025-09-30pass
dei present pass
period resolution pass
statement vs summary · net assetsconsolidated 2023-09-30pass
statement vs summary · net assetsconsolidated 2024-09-30pass
statement vs summary · net assetsconsolidated 2025-09-30pass
statement vs summary · net assetsnon_consolidated 2023-09-30pass
statement vs summary · net assetsnon_consolidated 2024-09-30pass
statement vs summary · net assetsnon_consolidated 2025-09-30pass
statement vs summary · net income attributable to parentconsolidated 2023-10-01/2024-09-30pass
statement vs summary · net income attributable to parentconsolidated 2024-10-01/2025-09-30pass
statement vs summary · operating cash flowconsolidated 2023-10-01/2024-09-30pass
statement vs summary · operating cash flowconsolidated 2024-10-01/2025-09-30pass
statement vs summary · revenueconsolidated 2023-10-01/2024-09-30pass
statement vs summary · revenueconsolidated 2024-10-01/2025-09-30pass
statement vs summary · revenuenon_consolidated 2023-10-01/2024-09-30pass
statement vs summary · revenuenon_consolidated 2024-10-01/2025-09-30pass
statement vs summary · total assetsconsolidated 2024-09-30pass
statement vs summary · total assetsconsolidated 2025-09-30pass
statement vs summary · total assetsnon_consolidated 2024-09-30pass
statement vs summary · total assetsnon_consolidated 2025-09-30pass