Long-Term Vision 2030
 Overview of 5th Medium-Term Management Plan

We are currently working on our "Long-Term Vision 2030" which sets out the state we want ES-CON JAPAN to be and the direction we should aim for by fiscal 2030, and our "5th Medium-Term Management Plan" (fiscal year ending March 2025 to fiscal year ending March 2027), which is "Phase I" to achieve this.

The direction we should aim for

With the themes of "Deepening" and "Evolution" in mind, we will promote management with the aim of achieving further growth in our core businesses and further stabilizing our profit structure, thereby contributing to society and creating a virtuous cycle that will lead to further corporate growth.

目指すべき方向性の概念図
Conceptual Diagram of the Direction We Aim to Achieve

Performance Plan

For the fiscal year ending March 2027, the final year of our medium-term management plan, we anticipate exceeding our operating profit target. Our projected operating profit for the final year is 26.5 billion yen (a 6.0% increase compared to the revised plan), against a target of 25 billion yen.

24/3期 第5次中期経営計画(億円)
25/3期 26/3期 27/3期
実績15ヶ月決算 実績 実績 計画
売上高(億円) 1,188 1,136 1,370 1,450
営業利益(億円) 190 213 261 265
24/3期 5th Medium-term Management Plan(Billions of yen)
25/3期 26/3期 27/3期
Actual15-mo. FY Actual Actual Plan
Net sales(Billions of yen) 1,188 1,136 1,370 1,450
Operating profit(Billions of yen) 190 213 261 265
業績計画のグラフ。15か月決算の24/3期に対し、25/3期はほぼ同水準の計画(実質増収増益)。営業利益ベース毎年+10%程度成長計画
For FY3/25, plans seek to achieve close to the same levels of sales and profit in FY3/24, which is a 15-month period (effective revenue and profit growth). Operating profit basis Planning growth of around 10% each year

Investment Plan

We are planning business investments to further stabilize our revenue structure in the medium to long term and to cultivate businesses that can become new pillars of our business. As of the beginning of the fiscal year ending March 2027, we have achieved 69% progress (including contracts and provisional agreements) towards our investment targets for the medium-term management plan period.

第5次中期経営計画(億円)
25/3期 26/3期 27/3期 3ヵ年
実績 実績 通期計画 計画
グロス投資額 計 720 547 1,230 2,500
分譲マンション開発 161 161 300 611
収益物件開発 427 143 450 1,127
稼働中収益物件取得 78 204 400 578
海外投資 54 11 50 174
その他 82 27 30 10
回収額 220 332 405 945
内、収益物件 84 155 287 505
ネット投資額 499 214 825 1,550
5th Medium-term Management Plan(Billions of yen)
25/3期 26/3期 27/3期 3 years
Actual Actual Plan Plan
Total gross investment 720 547 1,230 2,500
Condominium development (for sale) 161 161 300 611
Income property development 427 143 450 1,127
Acquisition of operating income properties 78 204 400 578
Overseas investment 54 11 50 174
Other 82 27 30 10
Recoveries 220 332 405 945
Of which: income properties 84 155 287 505
Net investment 499 214 825 1,550

Management Indicators

We are committed to promoting management that takes into account capital costs and stock prices, and to improving shareholder and corporate value.

24/3期 25/3期 26/3期 27/3期
実績 実績 実績 計画
安全性 ストック収益割合※1※2 25.0% 26.2% 25.6% 30.0%
ストック収益割合/一般管理費カバー率(キャッシュベース)※3 112.0% 115.2% 119.1% 116.8%
自己資本比率 18.1% 17.2% 17.0% 17.5%
資本 効率性 ROE 14.5% 14.8% 14.7% 14.0%
ROIC※4 4.5% 3.5% 3.2% 3.6%
24/3期 25/3期 26/3期 27/3期
Actual Actual Actual Plan
Safety Stock earnings ratio※1※2 25.0% 26.2% 25.6% 30.0%
Stock earnings ratio /G&A coverage (cash basis)※3 112.0% 115.2% 119.1% 116.8%
Equity ratio 18.1% 17.2% 17.0% 17.5%
Capital efficiency ROE 14.5% 14.8% 14.7% 14.0%
ROIC※4 4.5% 3.5% 3.2% 3.6%

※1Stock revenue: Real estate segment profits + asset management segment profits

※2Recurring revenue ratio: Recurring revenue / Total segment profit

※3Stock revenue/general and administrative expenses coverage ratio: (stock revenue + depreciation expenses in the real estate rental segment + amortization of goodwill in the real estate rental segment) / (general and administrative expenses - depreciation expenses in general and administrative expenses - total amortization of goodwill)

※4ROIC: (Consolidated ordinary profit + interest paid - corporate tax, etc.) / (Average of "interest-bearing liabilities + net assets" at the beginning and end of the period)

Dividend Policy

Starting with the Second Medium-Term Business Plan, we have adopted a dividend policy (Progressive Dividend Policy) that sets the minimum dividend per share (DPS) at the previous fiscal year's DPS and, in principle, "will not reduce dividends; will only maintain or increase dividends."

Trends in dividends and dividend payout ratios
配当金推移
Dividend trends