Medium-Term Management Plan Fiscal 2027–2029

Overview of the Medium-Term Management Plan

Adopts a growth strategy centered on rental and warehouse businesses and will execute approximately 3.7 billion yen of growth investments from fiscal 2027 to 2029. Investments include development of new properties, promotion of rooftop solar power generation, and scrap-and-build of existing properties. The company plans to implement similar-scale investments every three years, accelerate monetization from fiscal 2028 onward, and ultimately target operating income of 820 million yen in fiscal 2029. Profitability improvements in the apparel and hotel businesses will proceed in parallel to drive overall corporate profit growth.

Capital Policy and Shareholder Returns

Promote growth investments while maintaining financial soundness. The capital allocation policy prioritizes a balance among growth investment, shareholder returns, and financial health. A target payout ratio of 30%, a minimum annual dividend floor of 50 yen, and continuation of shareholder benefits are planned. The company aims for ROE of 8% or higher and seeks to improve market valuation through PBR enhancement.