Agratio urban design Inc.
3467・Standard Market・Real Estate
Business
Agre Toshi Design Co., Ltd. was founded in 2009 and operates a Housing Business centered on the sale of detached houses under the "Agrasio" series, targeting the greater Tokyo metropolitan area, primarily the Tokyo metropolitan wards. In addition, the company comprises three segments: the Asset Solution Business, which handles Income-Producing Condominiums and Income-Producing Apartments for investors in rare urban central areas; and the Lodging Business, which provides Lodging Facility Launch & Operation Consulting utilizing vacant houses and vacant vacation homes. Its main customers are multi-layered, including general consumers in the greater Tokyo metropolitan area (detached housing), affluent investors and those seeking inheritance tax measures (income-producing real estate), and prospective lodging facility owners (lodging). Listed on the Standard Market of the Tokyo Stock Exchange.
Business Model
The company operates an integrated in-house system covering everything from land acquisition for detached housing to block planning, building design, construction management, sales, and after-sales maintenance. By conducting direct sales without intermediaries for the majority of projects, it reduces advertising expenses while securing direct customer touchpoints. For Income-Producing Real Estate, it constructs and sells properties for investors using a similarly integrated system, while the Lodging Business generates revenue through two pillars: consulting fees and Lodging Facility Sales.
Company Strengths
By handling land procurement, design, construction management, and sales entirely in-house, the company supplies the highly design-oriented and functional 'Agrasio' series while eliminating brokerage commission costs. In FY2026 (ending March 2026), the average unit price of detached housing was maintained at ¥75,865 thousand, and the Housing Business achieved ordinary income of ¥3,283 million (up 17.3% year on year).
The company actively utilizes SNS platforms such as Facebook and Instagram, owned media, and priority property information distribution to email newsletter members, building a customer stock while reducing advertising expenses. The Sales Department, newly established in April 2024, consolidated sales functions, promoting market trend analysis, customer stock formation, and advertising operation efficiency, resulting in 376 detached houses delivered in FY2026 (ending March 2026), an increase of 75 units year on year.
The company maintains a dominant presence centered on Tokyo's 23 wards, Saitama Prefecture, and Kanagawa Prefecture through a four-location structure comprising Shinjuku, Kichijoji, Shibuya, and Tokyo. The opening of the Shibuya branch in February 2026 (deepening penetration in the Jonan area) and the addition of Hoyu Corporation (including its subsidiary Tama Kensetsu Co., Ltd.) to the group in April 2026 further expanded its land information gathering network.
ENVALITH's Perspective
Performance Trend
In FY2026 (ending March 2026), net sales reached ¥36,975 million (+20.3% YoY), operating profit ¥3,281 million (+28.7% YoY), and net income ¥1,931 million (+22.2% YoY), setting new record highs across all metrics. The gross profit margin improved to 17.8% (from 17.3% in the previous period), and the operating profit margin rose to 8.9% (from 8.3%), continuing an upward trend. As external factors, robust demand for highly convenient and scarce locations, combined with persistently high building material and labor costs, created a competitive landscape favoring the winners, which served as a tailwind. The Asset Solution Business expanded rapidly, up 73.2% YoY, driving overall growth. For FY2027 (ending March 2027), the company plans net sales of ¥47,457 million (+28.4%) and operating profit of ¥4,062 million (+23.8%), with the consolidation effect of Hoyu Corporation also expected to contribute. On the other hand, interest expenses surged to ¥474 million (from ¥334 million in the previous period), and rising financial costs amid an increasing interest rate environment are emerging as a factor pressuring profits.
Growth Strategy
Growth strategy built on five pillars: deepening the urban dominant strategy, consolidating sales operations, strengthening the Asset Solution Business, nurturing the Lodging Business, and entering the condominium sales business
Centered on the sales department newly established in April 2024, the company is promoting the unification of in-house sales methods and marketing efficiency improvements. It continues to expand customer touchpoints through SNS utilization while reducing advertising costs, achieving 376 detached houses delivered in FY2026 (ending March 2026) (up 20.2% year on year). Further expansion in the number of units delivered is planned for FY2027 (ending March 2027).
The company is strengthening the collection of land information in scarce central urban areas, expanding deliveries of Income-Producing Condominiums, Income-Producing Apartments, and Condominium Land, etc. In FY2026 (ending March 2026), segment net sales reached ¥6,217 million (up 73.2% year on year) and ordinary income reached ¥610 million (up 70.4%), achieving rapid growth. The company will continue to expand its business scale in the buoyant central urban market.
Centered on HouseBird, in addition to lodging facility launch support consulting and operation management, the company newly launched a business acquiring and reselling lodging facilities in regional areas. In FY2026 (ending March 2026), net sales expanded rapidly to ¥390 million (up 267.6% year on year), but an ordinary loss of ¥29 million continued. Expanding the acquisition of projects to achieve profitability remains a challenge.
In April 2026, the company acquired Hoyu Corporation (subsidiary: Tama Construction Co., Ltd.) for an acquisition cost of ¥3,901 million, making it a wholly owned subsidiary. Through this, the company is entering the family condominium sales business centered on the Tama area, aiming to create a new core business by sharing business land information with the Housing Business and expanding its product lineup.
Last updated: July 19, 2026