Striders Corporation
9816・Standard Market・Real Estate
Real Estate Business
Core group business generating stable earnings centered on condominium management in the Tokyo metropolitan area
| Period | Current | Previous | Change |
|---|---|---|---|
| Segment Net Sales (FY2026 (ending March 2026)) | ¥6,850 million | ¥6,418 million | ↑ |
| Segment Operating Income (FY2026 (ending March 2026)) | ¥312 million | ¥251 million | ↑ |
| Segment Net Sales YoY Change | +6.7% | — | ↑ |
| Segment Operating Income YoY Change | +24.4% | — | ↑ |
| Segment Assets (end of FY2026 (ending March 2026)) | ¥1,544 million | ¥1,486 million | ↑ |
Business Details
This segment comprises the residence business (leasing, rental management, and building management entrustment for condominium owners) and the real estate sales business, both operated by Trust Advisors Co., Ltd., as well as the rent guarantee business operated by Tokyo Apartment Guarantee Co., Ltd. The main operating area is Tokyo and the three surrounding prefectures, with stable rental income generated through sublease agreements forming the earnings base. The real estate sales business has seen an increase in transaction volume and improved deal profitability, while the rent guarantee business is expanding as a new earnings pillar. Nihonbashi TAKUMI Co., Ltd., which will handle in-house production and value chain expansion, is scheduled to commence operations in the following fiscal year.
Recent Overview
Expansion of real estate sales and rent guarantee businesses offset rising vacancy rates, achieving increases in revenue and profit
In FY2026 (ending March 2026), the real estate business achieved net sales of ¥6,850 million (up 6.7% year on year) and operating income of ¥312 million (up 24.4% year on year). In the residence business, rental income decreased as the vacancy rate rose alongside an increase in managed units, but this was offset by an increase in transaction volume and improved deal profitability in the real estate sales business, as well as expansion of the rent guarantee business, resulting in overall increases in revenue and profit for the segment. In the following fiscal year, the company aims to capture the benefits of in-house production through the commencement of operations by Nihonbashi TAKUMI Co., Ltd.
Key Products
Growth Drivers
- Strengthening the stable earnings base through expansion of managed units across the Tokyo metropolitan area, centered on Tokyo and the three surrounding prefectures
- Establishing a new earnings pillar for the real estate business through expansion of scale and stabilization of profitability in the rent guarantee business
- Continued increase in transaction volume and improved deal profitability in the real estate sales business
- Capturing earnings opportunities through in-house production of restoration and renovation operations by Nihonbashi TAKUMI Co., Ltd.
- Enhancing added value through deepened synergies between the residence business and the rent guarantee business
- Improving operational efficiency and competitiveness through the promotion of digital transformation
Risks
- Risk of rising vacancy rates and impact on rental income due to an increase in managed units
- Risk of fluctuations in real estate market conditions amid rising interest rates (tightening cap rate levels)
- Increased operating costs due to persistently high construction, repair, and labor costs
- Risk of a decline in managed units due to accelerated owner sales and asset reallocation amid rising condominium prices in the Tokyo metropolitan area
- Risk of increased guarantee fulfillment costs in the rent guarantee business
- Risk of reduced competitiveness due to delays in responding to digital transformation
Last updated: June 18, 2026