Investor Relations


Basic Growth Strategy

Enhancing our brand strength by providing high-quality properties via a unique sales strategy, to build a strong position that is less susceptible to changes in market conditions

Overview of the Fiscal Year

The condominium market, which represents more than 90% of the segment´s portfolio, saw supply in the Tokyo metropolitan area decline to mid-30,000s in terms of number of units, yet demand remained firm as interest rates stayed low and customer traffic at model homes remained high.
In such an environment, we delivered a total of 5,716 condominium units, detached houses and land lots during the March 2017 fiscal year, an increase of 720 units from the previous year due to steady delivery of units in projects completed last year, including Deux Tours Canal & Spa (Harumi), City Tower Kanamachi and City Tower Musashi Kosugi, as well as the start of delivering units in projects such as City Terrace Hirai, City Tower Hiroshima and City Tower Umeda Higashi. As a result of a sizable increase in sales volume, revenue and income grew for the fifth consecutive year, with both revenue from operations and operating income reaching record highs for the third consecutive year.
The number of condominium units sold increased by 943 units from the previous year, to 6,467 units, surpassing the 6,000 mark for the first time. Also, the number of condominium units brought to market over the full year was the highest in both the Tokyo metropolitan area and Japan for the third consecutive year.

Principal Condominium Development Projects (2017-2018)

NameLocationNo. of units
for sale
City Terrace Toyocho Koto Ward, Tokyo 522 2017
City Terrace Hirai Edogawa Ward, Tokyo 357 2017
City Terrace Omori Nishi Ota Ward, Tokyo 279 2017
City House Nakameguro Residence Meguro Ward, Tokyo 115 2017
City Terrace Yokohama Tsunashima Gardens Yokohama 243 2017
City Tower Umeda Higashi Osaka 501 2017
City Tower Nagamachi Shintoshin Sendai 414 2017
City Tower Hiroshima Hiroshima 471 2017
City Terrace Suginami-Honancho Suginami Ward, Tokyo 298 2018
City Tower Meguro Meguro Ward, Tokyo 244 2018
City Terrace Ogikubo Suginami Ward, Tokyo 225 2018
Garden Hills Yotsuya Shinjuku Ward, Tokyo 139 2018
City House Higashiazabu Minato Ward, Tokyo 122 2018
City Terrace Koganei Kouen Kodaira, Tokyo 922 2018

* Fiscal year ended/ending March 31


We are projecting an 84-unit increase, to 5,800, in the number of condominium units, detached houses and land lots delivered, and are aiming for a fourth consecutive year of record-high revenue from operations and operating income and a second consecutive year of record-high units delivered.
As a result, we are forecasting a 0.2% increase in revenue from operations, to ¥315.0 billion, with a 1.8% rise in operating income, to ¥47.0 billion.