Phil Company <3267> develops and sells the Fil Park, an aerial store that proposes the utilization of the upper vacant space of parking lots, and operates the Premium Garage House business, which handles garage rental residences called "Premium Garage House".

The company designs optimal plans tailored to the characteristics of the space and the needs of landowners, providing one-stop services from planning to property management. They implement a "contracted order scheme" where revenue is recognized based on project progress (fulfillment of obligations) and a "development and sales scheme" where revenue is consolidated at the time of sale delivery. The Fil Park business is the core business, specializing in locations such as the upper spaces of parking lots in urban areas like Tokyo and Kanagawa, as well as land along streets one block away from main streets, and small and challenging sites not typically suitable for conventional planning. The cumulative number of completed buildings is 276 (contracted orders: 230 buildings, development and sales: 46 buildings). On the other hand, the Premium Garage House business selects land in suburban areas away from stations, offering high returns. The cumulative number of completed buildings is 117 (contracted orders: 106 buildings (excluding achievements before acquisition), development and sales: 11 buildings).

For the cumulative revenue in the third quarter of the fiscal year ending November 2024, the company achieved a 27.3% year-on-year increase to 3865 million yen, turning operating profit into a profit of 153 million yen (compared to a loss of 151 million yen in the same period last year). This increase in revenue and operating profit seems to be due to the contribution of sales from projects contracted in the previous period, as well as the completion of sales delivery of large projects under the development and sales scheme. Both the Fil Park and Premium Garage House businesses had higher order numbers than the previous period as of Q3, with the number of contracted orders exceeding 10 for four consecutive quarters, reaching an all-time high backlog of over 4000 million yen. The project balance of development and sales is 3400 million yen, and they will actively expand their development inventory in the future. They expect the full-year revenue to increase by 25.8% to 7500 million yen compared to the previous period, with operating profit expected to increase by 86.2% to 400 million yen.

The Fil Park business features the company's unique business model without any competitors. Furthermore, the Premium Garage House business, although there are similar companies, already caters to high tenant needs with an occupancy rate of over 97% and a waiting list of over 8,000 registrations. They offer affluent individuals high profitability, low investment thresholds, tax benefits, and many advantages. Additionally, the target market for both the Fil Park and Premium Garage House businesses totals 4.9 trillion yen, indicating significant remaining potential markets for each.

The company has disclosed its medium-term management plan, aiming for a revenue of 15,000 million yen and an operating profit of 1200 million yen by the fiscal year ending November 2026. They aim to secure 90 contracted order cases by increasing inquiries to 4,000 and proposals to 450. As of the third quarter of the fiscal year ending November 2024, while the number of inquiries is behind the initial plan, the number of proposals and contracted orders is progressing smoothly. They plan to expand the team to 130 members over the next 3 years. In anticipation of double-digit revenue and profit growth, they will strive for stable dividends while ensuring financial soundness and securing capital needed for growth. Share buybacks will be decided on a case-by-case basis, taking into account performance, business environment, and growth investment opportunities. With a unique business model without competitors and significant room for customer expansion, the company is poised for growth.