J.S.B. Research Memo (9): Emphasizing the balance between stable dividends and profit distribution based on performance, with a goal of a total payout ratio of 20%.

Jay S. B. <3480> positions shareholder return as one of the most important management issues and considers the balance of business expansion for sustained growth and corporate value enhancement along with financial soundness to prepare for various risks. The basic policy is to distribute profits by performance while considering this balance. For dividends, the emphasis is placed on a stable and continuous dividend payment and a balance between profit returns based on performance. The total return ratio is ((dividend payment amount + share buyback) ÷ net income for the period) 2.

Fisco JapanJul 17 02:09 ET

JSP Research Memo (8): Aiming for Goal Achievement through Business and Organizational Reform Foundation Construction (2)

■ Long-term growth strategy 3. Business strategy (1) Real estate rental management business The business strategy of the real estate rental management business regards business reform and organizational reform as the most important issues. Promoting the fusion of humanity and technology, the development of environmentally conscious student housing, establishing a renovation business, conducting overseas market research, and forming CVC (Corporate Venture Capital). Leveraging the strengths of J.S.B. <3480> in the student housing business, such as planning, development and proposal capabilities.

Fisco JapanJul 17 02:08 ET

JSB Research Memo (6): Continued increase in revenue and profit through promoting sales strategy that utilizes both face-to-face and non-face-to-face approaches.

Future outlook: J-S-B <3480> expects the current market environment to be relatively good, considering the recent decline in birth rates and the progress of declining birthrates due to continued record enrollment of students. Regarding the domestic economy, there is a gradual normalization of the economic environment following the classification transition to Class 5 infectious diseases for new coronavirus infection in May 2023, but ...

Fisco JapanJul 17 02:06 ET

J.S.B. Research Memo (5): Safety and profitability indicators exceed industry averages.

Performance trend of Jay SB<3480> 2. Financial situation and management indicators: the total assets at the end of the second quarter of FY2024 in October was 80,329 million yen (an increase of 13,682 million yen from the previous quarter). The current assets of 21,824 million yen (a decrease of 7,765 million yen from the previous quarter) mainly increased due to the increase of cash and deposits of 6,988 million yen, and accounts receivables and contract assets of 508 million yen. The significant increase in cash and deposits was due to the sale of Grand Uni life care services and new residents.

Fisco JapanJul 17 02:05 ET

J.S.B. Research Memo (2): The top company in the student apartment industry, with property management units increasing steadily year by year.

Company overview 1. Company overview J.S.B. <3480> started as Japan's first student-focused real estate rental business and has built a strong business foundation as a comprehensive student apartment producer that plans, develops and designs condominiums, brokers and mediates, manages buildings, and sells residential equipment, growing into the industry's largest business scale. Directly operated stores, "UniLife," are expanding nationwide from Hokkaido to Okinawa, and the number of managed student apartment properties is increasing.

Fisco JapanJul 17 02:02 ET

J.S.B: Earnings conference materials for the second quarter of October 2024.

JPXJun 19 02:30 ET · Announcements