Last One Mile Co.,Ltd.
9252・Growth Market・Services
Last One Mile Business (Single Segment)
Single-segment business entity engaged in the sale of daily life-related services and BPO
| Period | Current | Previous | Change |
|---|---|---|---|
| Revenue (cumulative Q3 FY2026 (ending August 2026)) | ¥14,912 million | ¥11,496 million (cumulative Q3 of prior fiscal year) | ↑ |
| Operating profit (cumulative Q3 FY2026 (ending August 2026)) | ¥1,681 million | ¥998 million (cumulative Q3 of prior fiscal year) | ↑ |
| Profit before tax for the quarter (cumulative Q3 FY2026 (ending August 2026)) | ¥1,631 million | ¥985 million (cumulative Q3 of prior fiscal year) | ↑ |
| Profit for the quarter attributable to owners of parent (cumulative Q3 FY2026 (ending August 2026)) | ¥1,029 million | ¥594 million (cumulative Q3 of prior fiscal year) | ↑ |
| Basic earnings per share for the quarter | ¥379.96 | ¥222.92 (cumulative Q3 of prior fiscal year) | ↑ |
| Revenue (full-year forecast for FY2026 (ending August 2026)) | ¥18,800 million | ¥15,510 million (prior fiscal year actual) | ↑ |
| Operating profit (full-year forecast for FY2026 (ending August 2026)) | ¥1,807 million | ¥1,150 million (prior fiscal year actual) | ↑ |
| Total assets (as of May 31, 2026) | ¥13,161 million | ¥11,187 million (as of August 31, 2025) | ↑ |
| Equity attributable to owners of parent ratio | 40.5% | 38.9% (as of August 31, 2025) | ↑ |
| Cash flow from operating activities (cumulative Q3) | ¥1,605 million | ¥987 million (cumulative Q3 of prior fiscal year) | ↑ |
Business Details
Operates five businesses—Alliance Business, Free Internet Service for Apartment Complexes, Contact Center Business, Hotel Management Outsourcing Business, and Listing & Media Business—as a single segment. The company proposes and sells daily life-related services such as electricity, gas, water delivery, and internet lines to residents through alliance partners such as real estate management companies, building a revenue structure combining flow-type and stock-type revenue. Major customers are Lifein24 Co., Ltd. (13.7% of revenue) and Premium Water Co., Ltd. (10.5% of revenue).
Recent Overview
Cumulative Q3 revenue up 29.7% and operating profit up 68.4%, marking substantial growth in revenue and profit; full-year forecast maintained
Revenue for cumulative Q3 FY2026 (ending August 2026) (September 2025–May 2026) was ¥14,912 million (up 29.7% year on year), and operating profit was ¥1,681 million (up 68.4% year on year), continuing high growth. Operating cash flow improved substantially to ¥1,605 million (versus ¥987 million in the same period of the prior year). The scope of consolidation changed with Telbell Co., Ltd. newly consolidated and CITV Hikari Co., Ltd. excluded. The full-year earnings forecast (revenue of ¥18,800 million, operating profit of ¥1,807 million) remains unchanged. As a subsequent event, the Board of Directors resolved on July 15, 2026 to acquire treasury shares (up to 56,000 shares / ¥200 million) in preparation for M&A strategy execution. The annual dividend remains unchanged at ¥30 per share (interim dividend of ¥18 already paid, year-end dividend of ¥12 planned).
Key Products
Growth Drivers
- A stable business environment supported by an increasing number of households nationwide (an increase of approximately 450 thousand households over the five years from 2025, and 542 thousand households in major metropolitan areas)
- Stabilization of the revenue base through the accumulation of stock-type revenue
- Improvement in average revenue per unit through expansion of alliance partners and an increase in the number of services provided per household
- Acquisition of new businesses and know-how through M&A (Telbell Co., Ltd. newly consolidated in Q3; a new treasury share acquisition framework established in preparation for M&A)
- Expansion of the Hotel Management Outsourcing Business on the back of recovering inbound demand
Risks
- Risk of revenue concentration in two major customers (Lifein24 Co., Ltd. and Premium Water Co., Ltd.), accounting for a combined 24.2% of revenue
- Medium- to long-term risk of domestic market contraction due to population decline
- Chronic labor shortages and rising personnel cost risk in the Contact Center Business
- Risk of reduced operations in the Hotel Management Outsourcing Business due to natural disasters or infectious disease outbreaks
- Impact of geopolitical risks such as the situation in the Middle East on the domestic economy and consumption
- Ongoing need to strengthen internal controls (deficiencies such as omitted expense recording occurred in the prior consolidated fiscal year)
Last updated: November 28, 2025