&Do Holdings Co.,Ltd.
3457・Prime Market・Real Estate
Franchise Business
Highly profitable franchise chain business operating nationwide under the Housedo brand
| Period | Current | Previous | Change |
|---|---|---|---|
| Segment Revenue (Cumulative Q3 FY2026 (ending June 2026)) | ¥2,418 million | ¥2,339 million (same period prior year) | ↑ |
| Segment Profit (Cumulative Q3 FY2026 (ending June 2026)) | ¥1,413 million | ¥1,427 million (same period prior year) | ↓ |
| New Franchise Agreements (Cumulative Q3 FY2026 (ending June 2026)) | 91 | 92 (down 1.1% year on year) | ↓ |
| Cumulative Number of Franchised Stores (as of March 31, 2026) | 732 | 733 (end of December 2025) | — |
| New Store Openings (Cumulative Q3 FY2026 (ending June 2026)) | 79 stores | Up 31.7% year on year | ↑ |
| Cumulative Store Openings (as of March 31, 2026) | 632 stores | – | ↑ |
| Segment Revenue (Full Year FY2025 (ended June 2025)) | ¥3,121 million | – | — |
| Segment Profit (Full Year FY2025 (ended June 2025)) | ¥1,920 million | – | — |
Business Details
A real estate franchise business operated by Housedo Jusetsu Hanbai Co., Ltd. This nationwide chain provides small and medium-sized real estate businesses and new entrants from other industries with know-how in real estate sales brokerage and leasing brokerage (customer acquisition strategy, IT strategy, education and training, etc.). Approximately 70% of franchisee companies are new entrants from other industries, and the source of competitive advantage lies in robust infrastructure such as the DO NETWORK system and e-learning. The company aims to build a domestic network of 1,000 franchise stores by FY2030 (ending June 2030).
Recent Overview
New store openings accelerated to up 31.7% year on year; revenue up 3.4% year on year
In the cumulative nine months of FY2026 (ending June 2026) (July 2025 to March 2026), segment revenue was ¥2,418 million (up 3.4% year on year) and segment profit was ¥1,413 million (down 1.0% year on year). New franchise agreements declined slightly to 91 (down 1.1% year on year), but reinforced opening preparation support through personnel additions drove new store openings up sharply to 79 stores (up 31.7% year on year). Cumulative store openings reached 632, and the cumulative number of franchised stores reached 732. Inquiries regarding franchise membership from real estate businesses, new entrants from other industries, and new independent entrepreneurs continue to trend favorably.
Key Products
Growth Drivers
- Enhanced Housedo brand recognition through aggressive advertising (TV commercials, etc.) driving new franchise acquisition in the greater Tokyo and Kinki areas
- Capturing demand from new entrants to the real estate business from other industries (approximately 70% of franchisees are new entrants from other industries)
- Enhanced franchisee support and opening preparation assistance through a reinforced supervisor system (contributing to a 31.7% year-on-year increase in new store openings)
- Support for franchisees' operational efficiency and profitability improvement using DO NETWORK and various digital tools
- Expanding synergies between real estate and financial services through the capital and business alliance with Dai-ichi Life Holdings
Risks
- Sluggish growth in new franchise agreements (91 in the cumulative nine months of FY2026 (ending June 2026), down 1.1% year on year)
- Risk of prolonged opening preparation due to tenant selection and other issues associated with increased new franchise agreements in urban areas
- Risk of overall real estate market demand decline due to the rising trend in mortgage interest rates
- Increasing costs to maintain and manage service levels across the entire franchise chain
- Intensifying competition in the franchise market from competitors (major real estate chains and entrants from other industries)
Last updated: September 25, 2025