Financial Results by Business Unit
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Composition Ratio of FY2024 Results by Unit
on a consolidated basis
- Residential Development
- Commercial Real Estate
- Overseas
- Investment Management
- Property Brokerage & CRE
- Property & Facility Management
- Other
(*) Total figures for the consolidated operating revenue and business profit of each business are different from the total amount shown in the center of each pie chart because the monetary amount for "Adjustments" in the unit information is not included.
The composition ratio of consolidated operating revenue and business profit by each unit are calculated based on a simple total amount.
(*) From the fiscal year ending March 31, 2025, the classification of hotel business has been changed from Commercial Real Estate Business Unit to Residential Development Business Unit. Due to this change, the figures listed for the fiscal year ended March 31, 2024 are changed.
Changes in Revenue and Profit
Values of less than one million yen rounded off. (million yen)
| Operating Revenue | FY2020 (Apr. '20 - Mar. '21) |
FY2021 (Apr. '21 - Mar. '22)*1 |
FY2022 (Apr. '22 - Mar. '23) |
FY2023 (Apr. '23 - Mar. '24)*2 |
FY2024 (Apr. '24 - Mar. '25) |
|---|---|---|---|---|---|
| Residential Development | 272,577 | 309,225 | 302,480 | 359,180 | 368,456 |
| Commercial Real Estate | 179,227 | 202,460 | 199,309 | 216,384 | 213,349 |
| Overseas | ー | 2,628 | 6,770 | 4,616 | 9,401 |
| Investment Management | 12,456 | 12,804 | 13,632 | 14,356 | 15,593 |
| Property Brokerage & CRE | 39,436 | 43,762 | 47,700 | 49,588 | 57,188 |
| Property & Facility Management | 98,384 | 99,230 | 105,474 | 108,190 | 113,889 |
| Other | 2,070 | 126 | 282 | 280 | 281 |
| Adjustments | (23,492) | (25,188) | (20,913) | (17,882) | (20,523) |
| Total | 580,660 | 645,049 | 654,735 | 734,715 | 757,638 |
| Operating Profit | FY2020 (Apr. '20 - Mar. '21) |
FY2021 (Apr. '21 - Mar. '22)*1 |
FY2022 (Apr. '22 - Mar. '23) |
FY2023 (Apr. '23 - Mar. '24)*2 |
FY2024 (Apr. '24 - Mar. '25) |
|---|---|---|---|---|---|
| Residential Development | 22,421 | 32,519 | 33,323 | 41,416 | 47,894 |
| Commercial Real Estate | 35,138 | 38,286 | 39,231 | 49,055 | 41,326 |
| Overseas | ー | (512) | 2,414 | (1,248) | 1,736 |
| Investment Management | 7,296 | 7,515 | 7,796 | 8,303 | 9,757 |
| Property Brokerage & CRE | 8,962 | 11,713 | 13,785 | 13,444 | 16,575 |
| Property & Facility Management | 9,089 | 9,114 | 9,816 | 10,050 | 11,952 |
| Other | (798) | (199) | 147 | 161 | 136 |
| Adjustments | (5,776) | (7,227) | (6,917) | (9,070) | (10,420) |
| Total | 76,333 | 91,210 | 99,598 | 112,114 | 118,958 |
| Business Profit(*3,4) | FY2020 (Apr. '20 - Mar. '21) |
FY2021 (Apr. '21 - Mar. '22)*1 |
FY2022 (Apr. '22 - Mar. '23) |
FY2023 (Apr. '23 - Mar. '24)*2 |
FY2024 (Apr. '24 - Mar. '25) |
|---|---|---|---|---|---|
| Residential Development | 22,404 | 32,550 | 33,333 | 41,499 | 48,782 |
| Commercial Real Estate | 35,469 | 38,590 | 39,529 | 49,325 | 41,614 |
| Overseas(*3) | ー | 291 | 7,288 | (357) | 6,620 |
| Investment Management | 7,587 | 7,836 | 8,089 | 8,571 | 9,856 |
| Property Brokerage & CRE | 8,976 | 11,716 | 13,822 | 13,447 | 16,573 |
| Property & Facility Management | 9,281 | 9,205 | 9,878 | 10,088 | 11,941 |
| Other | (1,495) | (199) | 147 | 161 | 136 |
| Adjustments | (5,776) | (7,227) | (6,917) | (9,070) | (10,420) |
| Total | 76,448 | 92,765 | 105,172 | 113,665 | 125,104 |
(*1) From the fiscal year ended March 31, 2023, the overseas condominium development and sales business, the overseas office and other properties development and leasing business, and ZEN PLAZA CO., LTD., which had been classified under the Other, have been reclassified under the Overseas Business Unit.
Due to this change, the results for the fiscal year ended March 31, 2022 are classified under the new classification.
(*2) From the fiscal year ended March 31, 2025, the classification of hotel business has been changed from Commercial Real Estate Business Unit to Residential Development Business Unit.
Due to this change, the figures listed for the fiscal year ended March 31, 2024 are changed.
(*3) Business profit = Operating profit + Share of profit and loss of entities accounted for using equity method + Amortization expenses of intangible assets associated with corporate acquisition + gain or loss on sale of equity interest in Project companies in the Overseas Business Unit
(*4) “Gain or loss on sale of equity interest in project companies(SPCs, etc. which are mainly engaged in holding/development of real estate) in the Overseas Business Unit” will be added to the existing definition of business profit. The change to this definition will be applied from the fiscal year ended March 31, 2025