Living Technologies Inc.
4445・Growth Market・Information & Communication
Business
Livin Technologies operates a DX Platform Business specialized in the housing and daily living sector, under the concept of "making information simpler, more convenient, and more comfortable." Its core service, Living Match, is a vertical media platform for the housing sector spanning 10 categories including real estate sales, land utilization, rental management, and exterior wall painting, matching real estate owners (end users) with housing-related companies (clients) online. In addition, the company provides DX Cloud services such as e-learning, AI valuation, and SFA in SaaS format, supporting clients' operational efficiency. Founded in 2004, the company listed on the TSE Mothers market (now Growth) in 2019. In October 2025, it also listed on the Nagoya Stock Exchange Main Market.
Business Model
In the matching platform business, the Company collects usage fees from client companies either on a pay-per-response basis linked to outcomes such as the number of inquiries acquired from end users, or on a flat-fee basis with an upper limit. Because end users can submit inquiries to multiple companies at once free of charge, the platform has strong customer-acquisition power, generating over 240,000 inquiries annually. DX Cloud is a monthly-fee SaaS that supplements stable recurring revenue.
Company Strengths
Generates over 240,000 end-user inquiries annually, centered on 'Living Match'. The average monthly number of clients reached 2,223 companies as of the end of September 2025, continuing to expand from 1,357 companies in 2018. Its specialization as a vertical media in the housing domain is the source of its customer acquisition power.
Accumulated organic customer acquisition know-how through in-house WEB marketing. In the fiscal year ended September 2025, improved advertising efficiency contributed to results, with operating revenue increasing only 0.6% year-on-year to ¥3,593 million, while operating profit increased 143.2% year-on-year to ¥504 million. The operating profit margin improved to approximately 14.0%.
Operates 10 services: real estate sales, land utilization, rental management, real estate purchase, voluntary sale, renovation, custom-built homes, lease-back, exterior wall painting, and housing exhibition halls. Captures diverse needs in the housing and lifestyle domain on a single platform, and has a foundation for expansion into adjacent domains by leveraging client companies' networks.
ENVALITH's Perspective
Performance Trend
Revenue over the past five fiscal years has shown a gradual growth trend, rising from ¥3,243 million in FY2021 to ¥3,593 million in FY2025. Operating profit peaked at ¥462 million in FY2023, fell to ¥207 million in FY2024, then recovered sharply to ¥504 million in FY2025. However, in the interim period of the fiscal year ending September 2026 (first half), operating revenue was ¥1,733 million (down 4.1% year-on-year) and operating profit was ¥163 million (down 36.0% year-on-year), deteriorating once again. Expanded personnel investment aimed at developing a second core business candidate led to increased costs (operating expenses of ¥1,569 million, up 1.2% year-on-year), while revenue failed to keep pace, resulting in a lower profit margin. As for the external environment, although demand for DX and AI utilization in the housing and lifestyle domain is expanding, intensifying competition and rising talent acquisition costs are constraining improvements in profitability. Full-year guidance has already been revised downward to operating profit of ¥290 million (down 42.4% year-on-year).
Growth Strategy
Return to growth for the core Living Match business, cultivation of second-pillar businesses, and integration of Shinei to fuse digital and real (offline) solutions
Strengthening customer acquisition capabilities through improvements to the real estate sales service. Continuing to enhance organic customer acquisition through in-house WEB marketing and improving advertising cost efficiency, aiming to re-expand the core earnings base. Sales continued to decline in the interim period, and progress toward recovery has been limited.
Focusing on personnel acquisition, strengthening the sales structure, and staff training in the construction DX business Meta Jutaku Tenjijo and the exterior wall painting DX business Nuri Match. The interim period is in an investment-front-loaded phase, with rising costs pressuring profits, but the aim is monetization through improved sales productivity.
Shinei Co., Ltd. (Subsequent Event / Subsidiary), which engages in plumbing maintenance, remodeling/renovation, real estate, and general construction businesses, was made a wholly owned subsidiary effective April 1, 2026 (acquisition price of ¥530 million plus related costs of ¥39 million). This is a concrete step in the strategy of fusing digital and real (offline) approaches to
A stock split was carried out effective May 12, 2026, at a ratio of 2 shares for every 1 share of common stock held. The total number of issued shares was changed to 2,690,968, and the total number of authorized shares was changed to 8,000,000. By lowering the investment unit price, the company aims to enhance market liquidity and appeal to a broader range of investors.
Last updated: July 17, 2026