ARCHITECTS STUDIO JAPAN INC.
6085・Growth Market・Services
Business
Architects Studio Japan, Inc. is a company listed on the TSE Growth Market, founded in 2007. Its core business is a platform operation that networks approximately 2,972 registered architects nationwide with member construction companies operating 80 studios across the country, offering customers seeking to build houses, commercial facilities, and the like (ASJ Academy members) the option of "home building with architects." From FY2025 (ending March 2025), the company transitioned from its former single-segment structure to a three-segment structure comprising Housing-Related Business, Lifestyle-Related Business, and Investment-Related Business, and is expanding its business domain into lifestyle areas derived from home construction (clothing, food, housing, leisure, and health) as well as investment and financing businesses. Its main customers are individual customers considering home construction (ASJ Academy members) and member construction companies.
Business Model
The company receives a membership fee (in principle ¥3 million) and a monthly royalty from member construction companies, along with a construction contract royalty calculated as a fixed percentage of the construction contract amount. From registered architects, it receives a promotion fee calculated as a fixed percentage of the design fee under the architectural design and supervision service contract. The core structure is an asset-light model in which the company earns platform fees without bearing construction risk itself. Starting from FY2025 (ended March 2025), the Lifestyle-Related Business (sales of furniture, art, foodstuffs, etc.) and the Investment-Related Business (investment and lending to the ALIN Project and others) have been added as revenue sources.
Company Strengths
As of the end of March 2025, 2,972 architects were registered, ranging from renowned domestic and international architects to up-and-coming young talent. Under the scheme in which affiliated studios bear architects' activity costs as expenses of the ASJ Architect Network Business, architects' scope of activity has expanded nationwide. This has become an entry barrier built up over many years.
As of the end of March 2025, 80 studios were operating nationwide. Each studio in principle covers a business area of 200,000 to 300,000 households and functions as a base for holding events, customer consultations, and meetings with architects. The introduction of a new franchise menu contributed to an increase in the number of affiliations in FY2025 (ended March 2025).
In the short period from August 2024 to March 2025, the company made four companies subsidiaries: SupaSpace PTE LTD, MED Co., Ltd., Chami Corporation, and Tornado Japan Co., Ltd. In the acquisitions of MED and Tornado Japan, negative goodwill gains (totaling ¥111,742 thousand) were recorded. The asset base was expanded through a ¥1,297,981 million increase in investment real estate.
ENVALITH's Perspective
Performance Trend
Revenue over the past five fiscal years has fluctuated significantly (¥675 million → ¥737 million → ¥554 million → ¥593 million → ¥897 million), with FY2025 (ended February 2025) achieving 51% year-on-year growth. However, revenue in Q1 of FY2027 (ending February 2027) fell sharply to ¥80 million, down 62.9% from ¥218 million in the same period of the previous year. The main cause was the separation of a group company, compounded by delayed orders in both the Architect Proposal Business and the Environment-Related Business. In terms of the external environment, the industry as a whole has been sluggish, with new housing construction starts in fiscal 2025 falling 12.9% year on year to 711,171 units, and rising mortgage rates have also weighed on housing purchase sentiment. Selling, general and administrative expenses decreased to ¥241 million from ¥283 million in the same period of the previous year, but remained at a high level relative to revenue of ¥80 million, resulting in an operating loss of ¥179 million and an ordinary loss of ¥178 million. Net assets stood at ¥-402 million, indicating that the capital deficiency has become more severe.
Growth Strategy
Aiming to return to profitability along three axes: recovery of studio count, full-scale launch of the environment-related business, and development of the AI architect platform
Restore the studio count, which has declined to 67 locations, to 150 locations by the end of FY2030 (ending February 2030). By introducing a new contract format allowing free use of all services, the company aims to maximize studio membership motivation, thereby suppressing withdrawals and increasing new memberships. However, as of Q1, order intake has been delayed and the pace of recovery is slow.
The new ALIN factory operated by the partner company was completed in June 2026, and full-scale sales operations have begun. Adoption for the visitor facility development project at the fifth station of the Fujinomiya Route on Mt. Fuji has been decided, and negotiations with a major delivery company are underway. With SEAG and Platinum Premier Coat also added, the company aims to secure sales and profit from autumn onward. Q1 sales were only ¥11 million, and full-scale operations are yet to come.
Expanding into the AI field centered on PERMITS AI INC., a Canadian company acquired in March 2026. Bringing development programmers in-house (November 2025) has accelerated the speed of commercialization. Marketing utilizing PROTO BANK in New Zealand is also proceeding in parallel. For the time being, this is an investment-first phase with no expected contribution to earnings.
To resolve the negative net worth of ¥402 million, the company is exploring capital and business alliances with companies that have synergies with its business. ESJ Corporation was sold for ¥1 effective June 1, 2026 (subsequent event) and is scheduled to be excluded from consolidation. A loss on sale of approximately ¥27 million is expected to be recorded on a consolidated basis. Specific capital alliance partners have not yet been determined.
Last updated: July 17, 2026