JSB posts strong Q3 revenue growth despite dip in net profit

JSB Co., Ltd. reported a significant increase in consolidated revenue for the third quarter of the fiscal year ending October 2025, reaching JPY59,196 million, a 9.4% rise year-over-year. Operating profit grew by 6.7% to JPY8,662 million, and ordinary profit increased by 4.3% to JPY8,395 million. However, net profit attributable to parent company shareholders saw a 24.8% decrease to JPY5,660 million, primarily due to factors not explicitly detailed as a decline in operational performance in the summary.

The company's core student housing business performed well, achieving 99,300 managed units (a 4,322 unit increase) and maintaining a high occupancy rate of 99.9% as of April 2025. This growth in managed units and strong occupancy contributed to increased rental income and related services. Total assets rose by 8.2% to JPY86,544 million, with an 11.1% increase in net assets to JPY42,101 million, reflecting healthy financial stability.

JSB's full-year consolidated earnings forecast for the fiscal year ending October 2025 remains unchanged, anticipating JPY75,520 million in revenue and JPY5,476 million in net profit attributable to parent company shareholders. The company also announced a planned year-end dividend of JPY105.00 per share, reflecting confidence in its future performance.