v3.25.2
SEGMENT INFORMATION
 12 Months Ended
Mar. 31, 2025
Segment Reporting [Abstract]  
SEGMENT INFORMATION

NOTE 18 – SEGMENT INFORMATION

 

The Group has three reportable segments.

 

  i. Real estate: Provision of real estate-related services, such as design and renovation, and real estate development in Japan
  ii. Hotel: Hotel management and accommodation in Japan and Vietnam
  iii. Other: Additional services such as the sale of housing equipment and materials, restaurant operation, and information technology consulting in Japan

 

The following table shows information by reportable segment for the years ended March 31, 2025, 2024 and 2023:

 

    Real estate     Hotel     Others    

Reconciling

Items

     Consolidated  
    Thousands of Yen  
    Real estate     Hotel     Others    

Reconciling

Items

     Consolidated  
March 31, 2025                                        
Net sales:                                        
External customers   ¥ 18,819,041     ¥ 1,248,784     ¥ 583,091       -     ¥ 20,650,916  
Intersegment     21,920       21,725       183,549     ¥ (227,194 )     -  
Total     18,840,961       1,270,509       766,640       (227,194 )     20,650,916  
Cost of revenues     (15,578,567 )     (1,112,486 )     (562,360 )     161,767       (17,091,646 )
Operating expenses     (1,257,330 )     (94,807 )     (303,413 )     (561,204 )     (2,216,754 )
Operating income (loss)     2,005,064       63,216       (99,133 )     (626,631 )     1,342,516  
Other income (expenses)     (194,243 )     428       (5,541 )     5,084       (194,272 )
Income (loss) before income taxes     1,810,821       63,644       (104,674 )     (621,547 )     1,148,244  
Depreciation and amortization     (15,493 )     (36,956 )     (40,951 )     (50,687 )     (144,087 )
Capital expenditures   ¥ 753     ¥ 18,192     ¥ 15,244     ¥ 3,275     ¥ 37,464  

 

   Real estate   Hotel   Others  

Reconciling

Items

   Consolidated 
   Thousands of Yen 
   Real estate   Hotel   Others  

Reconciling

Items

   Consolidated 
As of March 31, 2025                         
Total assets   15,409,857    3,894,723    344,032    2,835,576    22,484,188 

 

   Real estate   Hotel   Others  

Reconciling

Items

   Consolidated 
   Thousands of Yen 
   Real estate   Hotel   Others  

Reconciling

Items

   Consolidated 
March 31, 2024                         
Net sales:                         
External customers  ¥12,411,288   ¥1,044,267   ¥666,285    -   ¥14,121,840 
Intersegment   8,372    25,533    195,279   ¥(229,184)   - 
Total   12,419,660    1,069,800    861,564    (229,184)   14,121,840 
Cost of revenues   (10,016,902)   (1,010,546)   (656,008)   213,505    (11,469,951)
Operating expenses   (1,104,605)   (58,665)   (206,369)   (343,749)   (1,713,388)
Operating income (loss)   1,298,153    589    (813)   (359,428)   938,501 
Other income (expenses)   (410,533)   968    (8,973)   (4)   (418,542)
Income (loss) before income taxes   887,620    1,557    (9,786)   (359,432)   519,959 
Depreciation and amortization   (22,440)   (47,930)   (6,126)   (10,531)   (87,027)
Capital expenditures  ¥2,345   ¥6,650   ¥32,345   ¥805   ¥42,145 

 

 

   Real estate   Hotel   Others  

Reconciling

Items

   Consolidated 
   Thousands of Yen 
   Real estate   Hotel   Others  

Reconciling

Items

   Consolidated 
As of March 31, 2024                         
Total assets   15,431,997    4,254,136    970,973    553,162    21,210,268 

 

   Real estate   Hotel   Others  

Reconciling

Items

   Consolidated 
   Thousands of Yen 
   Real estate   Hotel   Others  

Reconciling

Items

   Consolidated 
March 31, 2023                         
Net sales:                         
External customers  ¥11,953,866   ¥690,682   ¥619,860    -   ¥13,264,408 
Intersegment   39,956    25,671    205,010   ¥(270,637)   - 
Total   11,993,822    716,353    824,870    (270,637)   13,264,408 
Cost of revenues   (9,450,520)   (861,328)   (677,855)   244,777    (10,744,926)
Operating expenses   (986,260)   (69,982)   (189,467)   (356,918)   (1,602,627)
Operating income (loss)   1,557,042    (214,957)   (42,452)   (382,778)   916,855 
Other expenses   (304,422)   (983)   (4,391)   (1,892)   (311,688)
Income (loss) before income taxes   1,252,620    (215,940)   (46,843)   (384,670)   605,167 
Depreciation and amortization   (11,729)   (45,277)   (13,586)   (11,049)   (81,641)
Capital expenditures  ¥3,091   ¥21,290   ¥598   ¥-   ¥24,979 

 

   Real estate   Hotel   Others  

Reconciling

Items

   Consolidated 
   Thousands of Yen 
   Real estate   Hotel   Others  

Reconciling

Items

   Consolidated 
As of March 31, 2023                         
Total assets   12,052,222    4,580,947    1,025,861    639,254    18,298,284 

 

Reconciling items include elimination of intersegment transactions, corporate expenses and corporate assets. Corporate expenses, included in reconciling items for the year ended March 31, 2025, 2024 and 2023 amounted to ¥561,204 thousand, ¥343,749 thousand and ¥356,918 thousand, respectively, which consist of certain directors compensation. Segment assets are based on those directly associated with each segment. Corporate assets primarily consist of cash and deposits and corporate properties. Capital expenditures represent the additions to property and equipment measured on an accrual basis.