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
Total return on share price indexPrior3YearInstant_NonConsolidatedMember1.184
Total return on share price indexPrior2YearInstant_NonConsolidatedMember1.537
Total return on share price indexPrior1YearInstant_NonConsolidatedMember1.792
Total return on share price indexCurrentYearInstant_NonConsolidatedMember2.178
Number of employeesCurrentYearInstant383
Number of employeesCurrentYearInstant_NonConsolidatedMember309
Average age years information about reporting company information about employeesCurrentYearInstant_NonConsolidatedMember41.4
Average length of service years information about reporting company information about employeesCurrentYearInstant_NonConsolidatedMember4.9
Average annual salary information about reporting company information about employeesCurrentYearInstant_NonConsolidatedMember10187000JPY
Ratio of female employees in managerial positions metrics of reporting companyCurrentYearInstant_NonConsolidatedMember0.063
All employees calculated based on provisions of article714 item1 of ordinance for enforcement of act on childcare leave caregiver leave and other measures for the welfare of workers caring for children or other family members ratio of male employees taking childcare leave metrics of reporting companyCurrentYearInstant_NonConsolidatedMember1.000
All employees differences in wages between male and female employees metrics of reporting companyCurrentYearInstant_NonConsolidatedMember0.561
Regular employees differences in wages between male and female employees metrics of reporting companyCurrentYearInstant_NonConsolidatedMember0.573
Non regular employees differences in wages between male and female employees metrics of reporting companyCurrentYearInstant_NonConsolidatedMember0.271
Performance description of metrics related to policy on development of human resources and internal environment and targets and performance using such metricsCurrentYearInstant_Row1Member38.7
Performance description of metrics related to policy on development of human resources and internal environment and targets and performance using such metricsCurrentYearInstant_Row2Member43.3
Performance description of metrics related to policy on development of human resources and internal environment and targets and performance using such metricsCurrentYearInstant_Row3Member6.3
Performance description of metrics related to policy on development of human resources and internal environment and targets and performance using such metricsCurrentYearInstant_Row4Member100.0
Performance description of metrics related to policy on development of human resources and internal environment and targets and performance using such metricsCurrentYearInstant_Row5Member2.1
Performance description of metrics related to policy on development of human resources and internal environment and targets and performance using such metricsCurrentYearInstant_Row6Member45.1
Performance description of metrics related to policy on development of human resources and internal environment and targets and performance using such metricsCurrentYearInstant_Row7Member12.3
Performance description of metrics related to policy on development of human resources and internal environment and targets and performance using such metricsCurrentYearInstant_Row8Member70.8
Performance description of metrics related to policy on development of human resources and internal environment and targets and performance using such metricsCurrentYearInstant_Row9Member100.0
Number of issued shares as of fiscal year end issued shares total number of shares etcFilingDateInstant_OrdinaryShareMember83803600
Number of issued shares as of filing date issued shares total number of shares etcFilingDateInstant_OrdinaryShareMember83803600
Number of issued shares as of fiscal year end issued shares total number of shares etcFilingDateInstant83803600
Number of issued shares as of filing date issued shares total number of shares etcFilingDateInstant83803600
Number of shares constituting one unitCurrentYearInstant_OrdinaryShareMember100
Number of shareholders national and local governmentsCurrentYearInstant_OrdinaryShareMember-
Number of shareholders financial institutionsCurrentYearInstant_OrdinaryShareMember17
Number of shareholders financial service providersCurrentYearInstant_OrdinaryShareMember33
Number of shareholders other corporationsCurrentYearInstant_OrdinaryShareMember371
Number of shareholders foreign investors other than individualsCurrentYearInstant_OrdinaryShareMember182
Number of shareholders foreign individual investorsCurrentYearInstant_OrdinaryShareMember193
Number of shareholders individuals and othersCurrentYearInstant_OrdinaryShareMember35223
Number of shareholders totalCurrentYearInstant_OrdinaryShareMember36019
Number of shares held number of units national and local governmentsCurrentYearInstant_OrdinaryShareMember-
Number of shares held number of units financial institutionsCurrentYearInstant_OrdinaryShareMember134875
Number of shares held number of units financial service providersCurrentYearInstant_OrdinaryShareMember22376
Number of shares held number of units other corporationsCurrentYearInstant_OrdinaryShareMember276553
Number of shares held number of units foreign investors other than individualsCurrentYearInstant_OrdinaryShareMember88380
Number of shares held number of units foreign individual investorsCurrentYearInstant_OrdinaryShareMember1671
Number of shares held number of units individuals and othersCurrentYearInstant_OrdinaryShareMember313023
Number of shares held number of units totalCurrentYearInstant_OrdinaryShareMember836878
Number of shares held shares less than one unitCurrentYearInstant_OrdinaryShareMember115800
Percentage of shareholdings national and local governmentsCurrentYearInstant_OrdinaryShareMember-
Percentage of shareholdings financial institutionsCurrentYearInstant_OrdinaryShareMember0.1612
Percentage of shareholdings financial service providersCurrentYearInstant_OrdinaryShareMember0.0267
Percentage of shareholdings other corporationsCurrentYearInstant_OrdinaryShareMember0.3305
Percentage of shareholdings foreigners other than individualsCurrentYearInstant_OrdinaryShareMember0.1056

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