KK Leopalace21

8848

Equity

ISIN JP3167500002 / Valor 764778

Tokyo Stock Exchange (2024-12-26)

JPY 580.00+0.17%

KK Leopalace21
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About company

KK Leopalace21 is a Japanese company that specializes in the construction, leasing, and management of residential properties.

Summarized from source with an LLMView SourceSector: Finance

Net Sales

In the fiscal year ending March 2024, KK Leopalace21 reported a significant increase in net sales, reaching JPY 422,671 million. This growth was primarily driven by an increase in average unit rent, which offset a slight decline in occupancy rates.

Profits

KK Leopalace21 saw a substantial increase in profits across the board for the fiscal year ending March 2024. Gross profit rose to JPY 68,835 million, operating profit climbed to JPY 23,313 million, and recurring profit reached JPY 19,476 million. Additionally, net income surged to JPY 42,062 million, boosted by deferred income tax benefits.

Leasing Business

During the fiscal year ending March 2024, KK Leopalace21's average occupancy rate improved to 85.99%, up by 1.33 percentage points from the previous year. This improvement was supported by strong corporate demand and the successful implementation of various strategic initiatives.

Operational Adjustments

As of March 2024, KK Leopalace21 managed a total of 554,373 units, a slight decrease from the previous year. The company also streamlined its operations by reducing the number of directly managed leasing offices to 72 and franchised sales offices to 85.

Technological Enhancements

KK Leopalace21 has been actively integrating technology into its services, notably through the installation of over 250,000 smart locks as of March 2024. These upgrades aim to enhance tenant convenience and promote the use of real estate technology.

Summarized from source with an LLMView Source

Key figures

37.8%1Y

215%3Y

66.2%5Y

Performance

45.0%1Y

49.0%3Y

53.1%5Y

Volatility