ENVALITH
株式会社robot home logo

robot home, Inc.

1435・Standard Market・Real Estate

Official website
株式会社robot home logo
robot home, Inc.1435

Business

robot home, Inc. has adopted the corporate philosophy of "Transforming housing, transforming the world through technology," and develops real estate services leveraging DX (digital transformation) powered by advanced technologies such as AI and IoT. In its core robot home business, the company centers on "robot home," an apartment management scheme allowing property owners to select from various land options, and provides an end-to-end service ranging from the supply of new and used properties (flow segment) to rental management outsourcing (stock segment) and resale/reinvestment. In the AI/IoT business, in addition to developing and operating the same platform, the company also offers comprehensive DX support services to industries outside real estate. Its main customers are investment real estate owners, and the company is listed on the Standard Market of the Tokyo Stock Exchange.

Business Model

In the robot home business, the company acquires customers through property supply (flow) and builds up revenue through leasing management outsourcing (stock), maintenance, and its proprietary guarantee service (rh warranty), forming a virtuous-cycle model. The AI/IoT business functions as a high-margin segment (operating margin of 46.5%) including recurring subscription revenue (¥359 million), complementing the group's overall revenue base. The company aims to expand distribution by promoting active app transactions within the platform.

Company Strengths

The operating margin of the AI/IoT business reached an extremely high level of 46.5% in FY2025 (net sales of ¥937 million, operating profit of ¥436 million). Stock-type revenue, including ¥359 million in recurring subscription revenue, has been accumulating steadily, forming a structure that complements the profits of the more volatile flow-type business.

Net sales expanded approximately 5.9-fold from ¥4,091 million in FY2021 to ¥24,068 million in FY2025. FY2025 achieved year-on-year growth of 82.9%. Even on a normalized basis excluding one-off factors, net sales grew 104.4% year on year and operating profit grew 73.2%, confirming underlying growth on a real basis.

Cash and cash equivalents at the end of FY2025 stood at ¥7,505 million. Operating cash flow secured an inflow of ¥1,849 million, and the company maintains a financial base capable of funding real estate acquisition/development and working capital through a combination of own funds and bank borrowings. Total net assets were ¥11,167 million.

ENVALITH's Perspective

In Q1 FY2026 (ending December 2026), revenue expanded sharply, up 108.2% year on year, while ordinary profit fell sharply to ¥51 million (down 69.8% year on year) and profit attributable to owners of parent dropped to ¥37 million (down 77.7% year on year). The main cause was the disappearance of gains from investment partnerships recorded in the same period last year (¥184 million versus ¥2 million in the current period). On an operating profit basis, the core business improved, up 986.9%. Recognition is needed of the structural issue that fluctuations in investment partnership gains distort reported earnings.

Cash and deposits at the end of Q1 FY2026 (ending December 2026) stood at ¥3,648 million, down ¥3,856 million from ¥7,505 million at the end of the previous fiscal year. The main cause was a buildup in real estate for sale (from ¥1,507 million to ¥3,470 million), highlighting inventory risk in the flow business. The equity ratio remained at 69.7%, maintaining financial soundness, but continued attention is needed to the risk of cash flow deterioration should inventory turnover slow.

Q1 revenue of ¥3,401 million represents only about 9.7% of the full-year forecast of ¥35,000 million. Revenue of ¥31,599 million is required over the remaining three quarters, which presents a high hurdle even taking into account the previous fiscal year's seasonality (weighted toward the second half). Against the full-year operating profit forecast of ¥2,400 million, Q1 actual results were ¥60 million (a 2.5% progress rate), meaning the plan is premised on a substantial buildup of profit in the second half—a point investors should evaluate carefully.

Growth Strategy

Aiming for sustainable growth through deepening the virtuous cycle of the robot home platform and horizontal expansion of DX

Accelerating owner acquisition through expanded supply of new and existing properties and enhanced purchase, asset-formation, and sales support. In Q1 of FY2026 (ending December 2026), robot home business net sales reached ¥3,223 million (up 106.8% year on year), a significant increase, indicating steady progress on these initiatives.

Through the advancement of rental management RPA via 'robot home for PM', expansion of the share of in-house guarantee services (rh warranty), and expansion into the maintenance business area, the company aims to increase the ratio of stock-based revenue relative to its reliance on flow-based revenue. Continuous accumulation of managed units is underway.

Deploying the 'real x technology' expertise accumulated in the real estate industry as a comprehensive DX support service for other industries. In Q1 of FY2026 (ending December 2026), AI/IoT business net sales reached ¥178 million (up 132.6% year on year) and operating profit reached ¥78 million (up 587.1% year on year), achieving high growth and high profitability.

By integrating purchase, sales, and asset-formation support functions within the app to promote transaction circulation within the platform, the company aims to stabilize its revenue base and maximize customer lifetime value.

Last updated: July 17, 2026