KYORITSU MAINTENANCE CO.,LTD.
9616・Prime Market・Services
Dormitory Business
Kyoritsu Maintenance's core business handling management and operation of student dormitories, employee dormitories, etc.
| Period | Current | Previous | Change |
|---|---|---|---|
| Sales | ¥57,924 million | ¥54,923 million | ↑ |
| Operating income | ¥6,194 million | ¥6,077 million | ↑ |
| Segment assets | ¥67,284 million | ¥61,781 million | ↑ |
| Number of locations (excluding contracted) | 536 locations | 526 locations | ↑ |
| Capacity | 46,147 residents | 44,908 residents | ↑ |
| Number of contracted residents | 44,995 residents | 43,991 residents | ↑ |
| Occupancy rate at start of period | 97.4% | 97.0% | ↑ |
Business Details
Comprised of four categories: Student Dormitory, Employee Dormitory, Domire (studio-apartment-type dormitories), and Contracted Dormitory (management and operation of dormitories owned by companies/schools under contract). The business serves universities and corporations as its main customers, providing operational services centered on safety and security. As of the end of March 2026, the business had 536 locations (excluding contracted dormitories), a capacity of 46,147 residents, and 44,995 contracted residents, with nationwide operations centered on the Greater Tokyo and Kansai areas. The company also expanded into previously unentered areas such as Okayama, Takamatsu, and Tokushima.
Recent Overview
Opened 12 new locations with 1,364 units and expanded into previously unentered areas, maintaining stable growth
In FY2026 (ending March 2026), the company newly opened a total of 12 locations with 1,364 units nationwide in April, starting the fiscal year with an occupancy rate of 97.4% (up 0.4 percentage points year on year). The company made its first entries into Okayama, Takamatsu, and Tokushima, and opened a Chushikoku Branch in Okayama. While absorbing the impact of rising food and labor costs as well as opening expenses, the company promoted appropriate pricing. Sales were stable at ¥57,924 million (up 5.5% year on year), and operating income was ¥6,194 million (up 1.9% year on year). For FY2027 (ending March 2027), the company opened 13 locations with 2,401 units in April, starting the fiscal year at an even higher occupancy rate of 98.5% (up 1.1 percentage points year on year).
Key Products
Growth Drivers
- Continued opening of new locations (13 locations and 2,401 units opened in FY2027 (ending March 2027), with a start-of-period occupancy rate of 98.5%)
- Expansion of employee dormitory demand driven by increased corporate hiring (Employee Dormitory sales up 7.4% year on year)
- Capturing demand for outsourcing the management and operation of company-run dormitories
- Expansion of trade area through entry into previously unentered areas (Okayama, Takamatsu, Tokushima, etc.)
- Appropriate pricing (responding to cost inflation)
- Aggressive development investment based on the medium-term management plan (increase in tangible and intangible fixed assets of ¥7,036 million)
Risks
- Pressure on profit margins from rising operating costs such as food and labor costs
- Short-term impact on earnings from increased opening expenses for new locations
- Long-term risk of shrinking demand for student dormitories due to the declining birthrate
- Impact on the number of contracted residents from deteriorating personal consumption sentiment amid rising prices
- As of the end of March 2026, capacity stood at 46,147 units (approximately 92% progress) against the medium-term management plan target of 50,000 units, requiring the maintenance of development pace to achieve the target
Last updated: June 24, 2026