SAKURASAKU PLUS,Co.,Ltd.
7097・Growth Market・Services
Childcare and Child-Rearing Support Business (Single Segment)
Comprehensive solutions business centered on childcare services for dual-income and child-rearing families
| Period | Current | Previous | Change |
|---|---|---|---|
| Net sales (cumulative Q3, FY2026 (ending July 2026)) | ¥13,679 million | ¥14,467 million (same period of prior year) | ↓ |
| Operating profit (cumulative Q3, FY2026 (ending July 2026)) | ¥995 million | ¥1,078 million (same period of prior year) | ↓ |
| Operating margin (cumulative Q3, FY2026 (ending July 2026)) | 7.3% | 7.5% (same period of prior year) | ↓ |
| Ordinary profit (cumulative Q3, FY2026 (ending July 2026)) | ¥1,063 million | ¥1,031 million (same period of prior year) | ↑ |
| Quarterly net income attributable to owners of parent (cumulative Q3, FY2026 (ending July 2026)) | ¥791 million | ¥728 million (same period of prior year) | ↑ |
| Net sales (full-year forecast, FY2026 (ending July 2026)) | ¥17,810 million | ¥18,388 million (FY2025 (ended July 2025) actual) | ↓ |
| Operating profit (full-year forecast, FY2026 (ending July 2026)) | ¥986 million | ¥1,139 million (FY2025 (ended July 2025) actual) | ↓ |
| Total assets (as of end of April 2026) | ¥16,129 million | ¥13,258 million (as of end of July 2025) | ↑ |
| Equity ratio (as of end of April 2026) | 40.4% | 43.9% (as of end of July 2025) | ↓ |
| Quarterly net income per share (cumulative Q3, FY2026 (ending July 2026)) | ¥178.45 | ¥167.51 (same period of prior year) | ↑ |
Business Details
A single segment centered on licensed and certified nurseries operated by Sakurasaku Mirai Co., Ltd., which also develops ICT solutions for childcare, child-rearing support housing, e-learning training, and femcare product sales. The company operates directly managed nurseries primarily in Tokyo's 23 wards, as well as in the greater metropolitan area and Osaka, with entrusted fees and subsidies from municipalities as its main revenue source. In April 2026, the company opened one new facility in Osaka City and expanded one facility in Tokyo.
Recent Overview
Net sales and operating profit declined year on year, while net income increased. A ¥65 million shortfall in recorded statutory welfare expenses was corrected.
For the cumulative third quarter of FY2026 (ending July 2026) (August 2025 to April 2026), net sales were ¥13,679 million (down 5.4% year on year) and operating profit was ¥995 million (down 7.6% year on year), reflecting both lower sales and lower profit. On the other hand, due to the recording of ¥232 million in subsidy income and other factors, ordinary profit increased to ¥1,063 million (up 3.1% year on year) and net income attributable to owners of parent increased to ¥791 million (up 8.7% year on year). In April 2026, the company opened one new facility in Osaka City and expanded one facility in Tokyo. Separately, it was discovered that a consolidated subsidiary had failed to record ¥65 million in statutory welfare expenses (¥63 million for nurseries and ¥2 million for the head office), which was corrected as of July 16, 2026. There is no change to the full-year earnings forecast (net sales of ¥17,810 million, operating profit of ¥986 million).
Key Products
Growth Drivers
- Increased childcare subsidy income (¥232 million recorded in the cumulative third quarter) and higher revenue from childcare services driven by enhanced community engagement activities
- Expanded capacity from the new facility opened in April 2026 (one facility in Chuo-ku, Osaka City) and the facility expansion (one facility in Chuo-ku, Tokyo)
- Improved profitability through higher occupancy rates and enrollment retention at existing facilities
- Policy tailwinds from the Children and Families Agency's "Acceleration Plan for Child and Child-Rearing Support" (intensive implementation period FY2024-FY2026)
- Solid underlying demand for childcare services driven by the continued increase in dual-income households and female employment (female employment reached 30.97 million in March 2026, up 110,000 from the same month of the prior year)
- Temporary sales contribution from the sale of real estate held for sale (balance declined significantly from ¥700 million at the end of the prior fiscal year to ¥94 million at the end of the current period, reflecting progress on sales)
Risks
- Contraction of medium- to long-term childcare demand due to the continuing declining birthrate (although the cumulative number of births from January to March 2026 was 163,299, up 0.2% year on year, suggesting signs of bottoming out, the declining trend remains uncertain)
- Risk of difficulty in hiring qualified personnel such as nursery teachers, nutritionists, and nurses, and rising labor costs (the discovery of a shortfall in recorded statutory welfare expenses also suggests the complexity of labor cost management)
- Impact on earnings from changes in national and local government subsidy policies or reforms to the entrusted fee system
- Increasing difficulty in securing real estate properties necessary for opening licensed nurseries
- Rising facility operating costs due to inflation and rising energy prices (including the impact of the closure of the Strait of Hormuz)
- Financial burden from increased interest-bearing debt (as of the end of April 2026, long-term borrowings of ¥3,380 million and short-term borrowings of ¥1,601 million, with the equity ratio declining to 40.4%)
- Indirect impact on personal consumption and childcare demand from a deteriorating economic environment due to prolonged U.S. trade policy and geopolitical risks
Last updated: October 23, 2025