Frequently Asked Questions

Stock Related

What is the stock code?

It is 3267.

Where are the shares traded?

They are traded on the Tokyo Stock Exchange Standard Market.

What is the unit of share trading?

The unit is 100 shares.

How many shares are issued?

As of the end of November 2023, there are 5,778,000 shares.

Can you tell me about the shareholder composition?

Please check the securities report on the "IR Library" page.

When is the shareholders' meeting?

The annual shareholders' meeting is held in late February every year.

Is there a shareholder benefits program?

Currently, there is no such program.

Can you tell me about the dividend policy?

Returning profits to our shareholders is recognized as one of the important management issues.

In the future, we will strive for stable dividends while securing internal reserves necessary for strengthening management quality and future business development.

Who is the shareholder registry administrator?

Tokyo Securities Transfer Agent Co., Ltd.

Company Informatio

Can you tell me about the company's history?: Please check the securities report on the "IR Library" page.
When was the company founded?: Our group was established in June 2005.
When was it listed on the Tokyo Stock Exchange?: We were listed on the Tokyo Stock Exchange Mothers market in November 2016. After that, we changed our market to the First Section of the Tokyo Stock Exchange (at that time) in December 2019.
In April 2022, we transitioned to the Tokyo Stock Exchange Prime Market due to the reorganization of market segments by the Tokyo Stock Exchange,
and in October 2023, we changed our market to the Tokyo Stock Exchange Standard Market.
Can you tell me about the basic philosophy on corporate governance?: Our group, with the purpose of "filling the city's gaps with 'creativity,'" aims to continue being a corporate group trusted by all stakeholders, including shareholders, clients, and employees, by achieving sustainable growth and improving corporate value. We commit to transparent and sound corporate management as the basis of our operations, strictly adhere to all laws and regulations, and promote sincere and fair corporate activities. For more details, please check the "Management Policy and System" page.

Financial Results and Financial Information

When is the fiscal year-end? When is the earnings announcement?: Our fiscal year-end is at the end of November every year. We make quarterly earnings announcements. For the schedule of earnings announcements, please check the "IR Calendar" page.
Can you tell me about the financial performance?: Financial information can be found in the earnings briefings and securities reports on the "IR Library" page.
Can you tell me about the financial outlook?: Please check the earnings briefings on the "IR Library" page.
What are the management indicators you aim for?: Our group's targeted management indicators include consolidated sales, consolidated operating income, ROE, the number of inquiries, proposals, contracted orders, and the number of employees. These indicators are adopted because they are important for investors to understand our management policies and strategies and objectively evaluate our group's profitability.
Can anyone attend the earnings briefing?: Currently, we hold online earnings briefings for institutional investors and securities analysts every quarter. We are positively considering holding earnings briefings for individual investors in the future.
When are the earnings briefings for institutional investors and securities analysts held?: Currently, we hold online earnings briefings for institutional investors and securities analysts once every quarter.
Are there no briefings for individual investors?: While we do not regularly hold briefings for individual investors at present, we are positively considering participating in seminars and events using external media to hold briefings for individual investors in the future.
Can you tell me about the contract order scheme?: The contract order scheme involves proposing land utilization products to landowners, with commercial areas as the main target for the small commercial facility "Aerial Shop Phil Park" and suburban and residential areas as the main target for the garage-included rental housing "Premium Garage House."
Can you tell me about the development sales scheme?: The development sales scheme involves our company purchasing land and developing and selling land utilization products (Aerial Shop Phil Park or Premium Garage House) to real estate investors.
Can you tell me about the garage-included rental housing "Premium Garage House"?: The garage-included rental housing "Premium Garage House" is a land utilization product with a garage, hobby space, or SOHO space on the first floor and living space on the second floor. With our unique "waiting list registration system," we achieve stable rental operations with a constant presence of prospective tenants. As the paradigm shift in society progresses and lifestyles change, the usage styles of garage-included rental housing are expected to diversify further, and demand is expected to increase even more.
What is the order amount?: The order amount refers to the total amount (based on the selling price) of construction or projects newly ordered in each consolidated accounting period under the "contract order scheme."
What is the order backlog?: The order backlog refers to the total amount of orders under the "contract order scheme" that have not been recognized as revenue by the end of each consolidated accounting period, representing the future expected revenue.
What is the balance of development projects?: The balance of development projects refers to the estimated total cost of land and buildings for land utilization products started under the "development sales scheme" after acquiring the site contracts, as of the end of each consolidated accounting period. This represents the future expected cost of sales.
What are the criteria for revenue recognition?: For our group, revenue in the "contract order scheme" is recognized based on the revenue recognition accounting standard, according to the content of each project and the degree of progress of the project. For the "development sales scheme," revenue is recognized at the time of transfer of ownership through sales.
What mainly comprises selling expenses and general administrative expenses?: Selling expenses and general administrative expenses mainly include personnel costs such as director remuneration and salaries, outsourcing fees, advertising and promotional expenses, etc.
Can you tell me about the lead time from order to completion?: The lead time from order to completion varies depending on the project size, but as of November 2023, it is about 7 to 8 months for small projects and about a year and a half for large projects.
Can you tell me about the cash flow of the contract order scheme?: In the "contract order scheme," the business model generally involves receiving one-third of the total project amount at the time of contract, at the start of work, and upon completion, thereby constructing a system where "money comes in first," preventing negative cash flow and financial burden due to increased orders.
Can you tell me about the basic strategy?: Leveraging our strength in customized planning and execution, our basic strategy is to grow by scaling our existing commercial projects, Aerial Shop Phil Park, and residential projects, Premium Garage House, and work towards sustainable growth and enhancement of corporate value for our group.
What is the significance of signing business matching contracts with financial institutions?: We visit financial institutions with whom we have signed business matching contracts, hold study sessions about our business, etc., as part of our enlightenment activities. We work on solving the problems of landowners who are struggling with land utilization or vacant house measures among the customers of financial institutions, making the signing of business matching contracts with financial institutions significant.
Can you tell me about the market size for Aerial Shop Phil Park and Premium Garage House?: As of January 2024, the target market size for Aerial Shop Phil Park is estimated to be about 2.9 trillion yen, and for Premium Garage House, about 2 trillion yen.

Others

Where should I contact for IR inquiries?: If your question is not resolved by the FAQ, you can send your queries via the "Contact Us" page. Please note that depending on the content of your inquiry, we may not be able to provide an answer.