JSB exceeds profit forecast on strong student housing, projects continued growth

JSB Co., Ltd. announced its financial results for the October 2025 fiscal year, reporting revenue of JPY 76,045 million. While net profit was impacted by temporary non-recurring expenses totaling JPY 1,349 million, the company's underlying profit level exceeded expectations. Property management units increased to 99,300, up 4,322 units year-on-year, maintaining a high occupancy rate of 99.9%.

For the October 2026 fiscal year, JSB projects continued growth, with anticipated revenue of JPY 81,826 million and operating profit of JPY 9,159 million, driven by an expected increase of approximately 4,000 property management units. The company aims to achieve a ROE of over 15% and ROIC of over 8%, with a target of 104,000 managed properties under its "GT02" medium-term management plan.

JSB also updated its shareholder return policy, targeting a consolidated dividend payout ratio of 40%. The company is actively investing JPY 30 bn over the "GT02" period, with JPY 27 bn allocated to owned property development and JPY 2 bn to new business/DX investments, signaling a commitment to sustained growth and enhanced capital efficiency.