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
Governance (text)FilingDateInstantText · Plus
Risk management (text)FilingDateInstantText · Plus
Strategy (text)FilingDateInstantText · Plus
Metrics and targets (text)FilingDateInstantText · Plus
Governance climate change (text)FilingDateInstantText · Plus
Risk management climate change (text)FilingDateInstantText · Plus
Strategy climate change (text)FilingDateInstantText · Plus
Metrics and targets climate change (text)FilingDateInstantText · Plus
Policy on development of human resources and internal environment strategy (text)FilingDateInstantText · Plus
Description of metrics related to policy on development of human resources and internal environment and targets and performance using such metrics metrics and targets (text)FilingDateInstantText · Plus
Metrics description of metrics related to policy on development of human resources and internal environment and targets and performance using such metricsCurrentYearInstant_Row1Member
Original text (Japanese)女性社員比率
Metrics unit description of metrics related to policy on development of human resources and internal environment and targets and performance using such metricsCurrentYearInstant_Row1Member%
Metrics description of metrics related to policy on development of human resources and internal environment and targets and performance using such metricsCurrentYearInstant_Row2Member
Original text (Japanese)女性採用比率
Metrics unit description of metrics related to policy on development of human resources and internal environment and targets and performance using such metricsCurrentYearInstant_Row2Member%
Metrics description of metrics related to policy on development of human resources and internal environment and targets and performance using such metricsCurrentYearInstant_Row3Member
Original text (Japanese)女性管理職比率
Metrics unit description of metrics related to policy on development of human resources and internal environment and targets and performance using such metricsCurrentYearInstant_Row3Member%
Metrics description of metrics related to policy on development of human resources and internal environment and targets and performance using such metricsCurrentYearInstant_Row4Member
Original text (Japanese)育児休業後の復職率
Metrics unit description of metrics related to policy on development of human resources and internal environment and targets and performance using such metricsCurrentYearInstant_Row4Member%
Metrics description of metrics related to policy on development of human resources and internal environment and targets and performance using such metricsCurrentYearInstant_Row5Member
Original text (Japanese)障がい者雇用率
Metrics unit description of metrics related to policy on development of human resources and internal environment and targets and performance using such metricsCurrentYearInstant_Row5Member%
Metrics description of metrics related to policy on development of human resources and internal environment and targets and performance using such metricsCurrentYearInstant_Row6Member
Original text (Japanese)資格取得支援制度利用率
Metrics unit description of metrics related to policy on development of human resources and internal environment and targets and performance using such metricsCurrentYearInstant_Row6Member%
Metrics description of metrics related to policy on development of human resources and internal environment and targets and performance using such metricsCurrentYearInstant_Row7Member
Original text (Japanese)月平均残業時間
Metrics unit description of metrics related to policy on development of human resources and internal environment and targets and performance using such metricsCurrentYearInstant_Row7Member
Original text (Japanese)時間
Metrics description of metrics related to policy on development of human resources and internal environment and targets and performance using such metricsCurrentYearInstant_Row8Member
Original text (Japanese)年次有給休暇取得率
Metrics unit description of metrics related to policy on development of human resources and internal environment and targets and performance using such metricsCurrentYearInstant_Row8Member%
Metrics description of metrics related to policy on development of human resources and internal environment and targets and performance using such metricsCurrentYearInstant_Row9Member
Original text (Japanese)男性の育児休業取得率
Metrics unit description of metrics related to policy on development of human resources and internal environment and targets and performance using such metricsCurrentYearInstant_Row9Member%
Business risks (text)FilingDateInstantText · Plus
Management analysis of financial position operating results and cash flows (text)FilingDateInstantText · Plus
Critical contracts (text)FilingDateInstantText · Plus
Research and development activities (text)FilingDateInstantText · Plus
Overview of capital expenditures etc (text)FilingDateInstantText · Plus
Major facilities (text)FilingDateInstantText · Plus
Planned additions retirements etc of facilities (text)FilingDateInstantText · Plus
Total number of shares (text)FilingDateInstantText · Plus
Issued shares total number of shares etc (text)FilingDateInstantText · Plus
Class issued shares total number of shares etcFilingDateInstant_OrdinaryShareMember
Original text (Japanese)普通株式
Name of financial instruments exchange on which securities are listed or authorized financial instruments business association to which securities are registeredFilingDateInstant_OrdinaryShareMember
Original text (Japanese)東京証券取引所プライム市場
Description issued shares total number of shares etcFilingDateInstant_OrdinaryShareMember
Original text (Japanese)完全議決権株式であり、権利内容に何ら限定のない当社における標準となる株式であり、単元株式数は100株であります。
Details of employee share option program (text)FilingDateInstantText · Plus
Description of rights plan (text)FilingDateInstantText · Plus
Other information on share acquisition rights (text)FilingDateInstantText · Plus
Exercises etc of moving strike convertible bonds etc (text)FilingDateInstantText · Plus
Changes in number of issued shares stated capital etc (text)FilingDateInstantText · Plus
Shareholding by shareholder category (text)FilingDateInstantText · Plus
Major shareholders (text)FilingDateInstantText · Plus
Name major shareholdersCurrentYearInstant_No1MajorShareholdersMember
Original text (Japanese)HTホールディングス株式会社
Address major shareholdersCurrentYearInstant_No1MajorShareholdersMember
Original text (Japanese)東京都港区麻布台1-2-1-5002
Name major shareholdersCurrentYearInstant_No2MajorShareholdersMember
Original text (Japanese)日本マスタートラスト信託銀行株式会社(信託口)

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