Arealink ＜8914＞ announced financial results for the 2nd quarter (24/1/6) of the fiscal year ending 2024/12 on the 30th. Net sales increased 15.4% from the same period last year to 12.91 billion yen, operating profit increased 15.3% to 2.547 billion yen, ordinary profit increased 12.5% to 2.482 billion yen, and interim net profit increased 9.3% to 1.686 billion yen.

Sales in the storage business were 10.037 billion yen, up 17.2% from the same period last year, and operating profit was 2.688 billion yen, up 17.5% from the same period last year. Regarding storage operations, the operating rate of the trunk room brand “Hello Storage” developed by the company was 87.64%, down 0.65 points from the end of the previous fiscal year even though the number of new stores opened increased, and continued to maintain a high level. The main factors for the high occupancy rate were improvements in store opening accuracy through data analysis, and the fact that store opening sites were miniaturized and product awareness improved, etc., so we were able to obtain a steady number of contracts. As described in the “Medium-Term Management Plan 23-25,” which was announced on 2023/2/14, the 2023/12 fiscal year resulted in 5,800 rooms (including additional 430 rooms) against the 4,700 store opening target, and 4,257 rooms (including 251 additional rooms in existing properties) for the 2024/12 fiscal period against the 10,400 room store opening target. The total number of rooms increased by 3,433 rooms compared to the end of the previous fiscal year to 104,812 due to the effects of store closures that occur regularly every year. Regarding contracts, the number of operating rooms increased steadily by capturing demand due to the effects of improved accuracy and miniaturization of new store opening sites due to database construction, and increased awareness of storage products due to strengthened public relations activities, etc. Regarding profitability, in addition to continuing to focus on opening highly profitable in-house stores, storage operations were the result of increased profits due to suppression of discount rates due to campaign control, review of some rents, and effects of efficient advertising activities, etc. Storage securitization recorded 8 sales of asset indoor storage “storage with land.”

Sales of the land rights development business increased 9.6% from the same period to 2.122 billion yen, and operating profit decreased 9.3% to 0.339 billion yen. Sales and profit also increased and decreased due to settlement of projects with high profit margins in the same period last year. Regarding purchases, we continued to focus on purchasing high-quality properties, and the inventory value decreased by 0.802 billion yen from the end of the previous fiscal year to 3.006 billion yen.

Sales in the other management services business increased 9.2% from the same period to 0.751 billion yen, and operating profit increased 33.3% to 0.206 billion yen. In the asset business, sales and profits increased due to the fact that owned and managed properties maintained high operation. In the office business, sales and profit increased due to the fact that the operation of the 2 properties newly opened in 2023/2 progressed smoothly.

Regarding the full-year earnings forecast for the fiscal year ending 2024/12, the initial plan for sales is 24.4 billion yen, up 8.6% from the previous fiscal year, operating income is 4.65 billion yen, up 11.9% from the same period, ordinary profit is 4.52 billion yen, up 11.4%, and net income is 3.08 billion yen, up 9.2% from the same period.