AZOOM CO.,LTD
3496・Prime Market・Real Estate
Business
Azoom, Inc. was founded in 2009 as a real estate x IT company under the corporate mission of "Eliminating 'Mottainai' (Waste) from the World." In its core Idle Asset Utilization Business, the company operates Japan's largest monthly parking portal site, CarParking (Monthly Parking Referral Service), around which it develops a parking referral service (fee income) and a parking sublease service (rent income). The referral service is offered nationwide across all prefectures, while the sublease service operates in five areas: Hokkaido, Kanto, Tokai, Kansai, and Kyushu. The company's consolidated subsidiaries include Teppeki Co., Ltd. (Monthly Parking-Specialized Rent Guarantee Service), which provides rent guarantees, an operator of a web reservation system, and CGworks Co., Ltd., which handles 3DCG and VR production. In June 2025, the company changed its market segment from the Tokyo Stock Exchange Growth Market to the Prime Market.
Business Model
Using internet inflow to "CarParking" as the customer acquisition engine, the business combines (1) a referral service (flow income) that earns fees from both parking lot owners and users, and (2) rent income (stock income) generated by master-leasing vacant spaces from owners in bulk and subleasing them to users. As of the end of September 2025, the company had achieved 35,381 master-leased spaces, 32,883 subleased spaces, and an average annual occupancy rate of 93%. The structure is such that as stock-type rent income accumulates, the earnings base becomes increasingly stable.
Company Strengths
Revenue expanded approximately 2.7-fold from ¥4,974 million in FY2021 (ended September 2021) to ¥13,480 million in FY2025 (ended September 2025). Operating profit grew approximately 5.1-fold over the same period, from ¥508 million to ¥2,613 million. In FY2025 (ended September 2025), revenue increased 27.9% year-on-year and operating profit increased 43.0% year-on-year, with the pace of profit growth accelerating; there has not been a single period of declining revenue or profit since listing.
The number of master lease units expanded approximately 2.5-fold from 14,403 units at the end of FY2021 (ended September 2021) to 35,381 units at the end of FY2025 (ended September 2025). The number of sublease units also increased over the same period, from 13,261 units to 32,883 units, while the average annual occupancy rate has been maintained at 92-93% for five consecutive periods. The accumulation of stock-type rental income supports the stability of earnings.
The number of annual inquiries to CarParking surged 34.8% year-on-year, from 297,600 in FY2024 (ended September 2024) to 401,110 in FY2025 (ended September 2025). The shift in customer inflow from traditional store-based real estate brokerage to internet-based channels is accelerating, and a structure has been confirmed in which the number of transactions can be expanded while keeping customer acquisition costs down.
ENVALITH's Perspective
Performance Trend
Revenue expanded approximately 2.7-fold over five fiscal years, from ¥4,974 million in FY2021 to ¥13,480 million in FY2025. In the interim period of FY2026 (ending September 2026), revenue reached ¥7,806 million (up 23.5% year on year), with the growth rate remaining stable. Net income attributable to owners of the parent rose 30.9% year on year to ¥995 million, achieving profit growth that outpaced revenue growth. In terms of market environment, growing demand for digitalization of monthly parking lots is providing a tailwind. The full-year forecast remains unchanged at ¥17,000 million in revenue (up 26.1% year on year) and ¥3,150 million in operating profit (up 20.5% year on year). Operating cash flow improved to ¥1,122 million (versus ¥813 million in the same period of the prior year), while investing cash flow reflected an outflow of ¥333 million, primarily for the acquisition of intangible fixed assets (¥171 million).
Growth Strategy
Pursuing sustainable growth through three pillars: strengthening CarParking customer acquisition, expanding sublease unit numbers, and nurturing new services
Against a backdrop of increasing user inflow via the internet through CarParking, the company is promoting stronger sales capabilities among existing employees and improved operational efficiency through IT utilization. Master lease units reached 39,886 and sublease units reached 37,283 at the interim period-end, showing steady expansion.
The company aims to diversify revenue in the Idle Asset Utilization Business through an increase in the number of newly introduced rooms for the web reservation system Smart Kukan Yoyaku, expansion of customized offerings across multiple industries, and steady growth in the number of rent guarantee service contracts at Teppeki Co., Ltd.
The Visualization Business, which recorded a segment loss of ¥4 million in the same period of the previous fiscal year, turned to a segment profit of ¥19 million in the interim period of FY2026 (ending September 2026). Monetization is being accelerated through strengthening the offshore production system at the Vietnamese subsidiary (CGWORKS VIETNAM INC.) and expanding new services such as VR virtual shops.
The company is strengthening the system development and graphic data production framework at AZOOM VIETNAM INC. and CGWORKS VIETNAM INC., continuing to improve development cost efficiency and pursue IT technology development that enables continued sales operations in remote work environments. Expenditure on acquisition of intangible fixed assets increased year on year to ¥171 million in the interim period.
Last updated: July 17, 2026