Property Data Bank,Inc.

Business Details

The Property Data Bank Group operates in a single segment, with real estate and facility management cloud services centered on "@property" as its core business. Serving REITs, funds, general business corporations, and other customers, the company's revenue is composed of two pillars: stock-type cloud services with monthly billing based on the number of registered buildings, and flow-type solution services such as implementation consulting and customization. Together with three consolidated subsidiaries (Property Data Technos, Property Data Science, and Reevo), the company has established a system as "PDB-Platform" that seamlessly covers real estate DX from IaaS through SaaS.

Recent Overview

In FY2026 (ending March 2026), both net sales and operating income reached record highs, and the company also carried out a large-scale share buyback

For the full year of FY2026 (ending March 2026), the company achieved double-digit growth across all profit items, with net sales of ¥3,721 million (up 12.1% year on year), operating income of ¥1,112 million (up 18.8% year on year), and ordinary income of ¥1,127 million (up 20.1% year on year). Cloud services grew 9.0%, supported by both large-scale and small- to medium-sized projects, while solution services also recovered, growing 15.0%. New services achieved high growth of 46.3%. On the financing side, the company acquired approximately ¥1,194 million of treasury stock, causing the equity ratio to decline from 79.6% to 71.4%. For FY2027 (ending March 2027), the company forecasts net sales of ¥4,200 million (up 12.9%) and operating income of ¥1,340 million (up 20.5%). As the first year of the new medium-term management plan (FY2027 (ending March 2027) through FY2029 (ending March 2029)), the company intends to pursue cloud-centered revenue expansion and improved profitability.

Key Products

Growth Drivers

• Continued robust demand for cloud services against the backdrop of delayed DX adoption in the real estate sector (needs remain strong relative to other industries, where the sector lags behind)
• Steady expansion of cloud service revenue driven by both large-scale projects and an accumulation of small- and medium-sized projects (up 9.0% year on year in FY2026 (ending March 2026))
• Significant expansion of new services (including Reevo) (up 46.3% year on year) and customer base expansion through the acquisition of multiple customers for @knowledge and @cmms
• Market development through customer base expansion beyond traditional real estate owners into sectors such as manufacturing and retail
• Promotion of cloud-centered revenue expansion and improved profitability based on the new medium-term management plan (FY2027 (ending March 2027) through FY2029 (ending March 2029))
• Strengthening of existing services and development of new services in light of advances in AI technology, growing data utilization needs, and diversifying infrastructure

Risks

• Flow-type revenue (solution services) is highly dependent on individual projects, making the revenue base prone to instability
• The large-scale treasury stock acquisition (approximately ¥1,194 million) caused the equity ratio to decline from 79.6% to 71.4%, reducing financial flexibility
• Payments of corporate taxes and other taxes increased sharply from ¥74 million in the prior period to ¥500 million, causing operating cash flow to decrease from ¥1,277 million to ¥712 million
• Macro-level uncertainties such as geopolitical risk and overseas economic conditions may affect customer companies' DX investment decisions
• Property Data Technos's revenue was sluggish, down 12.2% year on year, limiting its contribution to group revenue
• Investment loss under the equity method expanded from ¥1 million in the prior period to ¥4 million, requiring continued monitoring of affiliated companies' business performance