Company profile

starts corporation inc.

EDINET
E03945
Securities
8850
Industry
Real Estate
Latest annual securities report
2026-06-25 Annual Securities Report PDF HTML
Latest financial report
—
Latest filing
2026-07-06 Extraordinary Report PDF HTML

Industry position

Real Estate

View details
Profitability Strong Current Top 26% 5-year trend Broadly stable
Financial strength Strong Based on Equity ratio Current Top 23% 5-year trend Broadly stable
Growth Below average Current Bottom 37% 5-year trend Broadly stable
Cash generation Above average Current Top 36% 5-year trend Broadly stable

Half-year trend

Half-year financial trend

H1 values are cumulative year-to-date.

H2 values are calculated when comparable.

Consolidated · Japanese GAAP · Cumulative YTD

Mode

Half-year financial data

Annual key financial indicators

FY2026

Consolidated Japanese GAAP

Revenue reached ¥251.91 billion, up 8.1% year over year. Operating income was ¥36.27 billion, up 11.2% year over year. Operating margin was 14.4%. Net income was ¥25.31 billion, up 4.3% year over year. ROE was 13.1%; equity ratio was 53.5%; free cash flow was -¥1.92 billion.

Revenue ¥251.91B up 8.1% year over year
Operating income ¥36.27B up 11.2% year over year
Net income ¥25.31B up 4.3% year over year
Total assets¥352.75B
Total equity—
Operating cash flow¥17.22B
Free cash flow-¥1.92B

Industry position details

Real Estate

Annual data for the same fiscal year and industry

Comparison sample varies by metric

Profitability Strong

Operating margin Top 28% / ROE Top 26%

Financial strength Strong
Based on Equity ratio

Equity ratio Top 24%

Growth Below average

Revenue growth Bottom 54% / 3-year revenue CAGR Bottom 76%

Cash generation Above average

Operating cash flow margin Top 36% / Free cash flow margin Top 38%

Profitability Industry position history Broadly stable
2026 Top 26% 2025 Top 34% 2024 Top 32% 2023 Top 32% 2022 Top 34%
Financial strength Industry position history Broadly stable
2026 Top 23% 2025 Top 24% 2024 Top 26% 2023 Top 29% 2022 Top 30%
Growth Industry position history Broadly stable
2026 Bottom 37% 2025 Bottom 30% 2024 Bottom 27% 2023 Top 44% 2022 Bottom 29%
Cash generation Industry position history Broadly stable
2026 Top 36% 2025 Top 25% 2024 Top 36% 2023 Top 17% 2022 Top 35%
Profitability Operating margin 14.4% Industry median 9.2% Top 28% Comparison sample 77
Profitability ROE 13.1% Industry median 9.5% Top 26% Comparison sample 77
Financial strength Equity ratio 53.5% Industry median 32.4% Top 24% Comparison sample 77
Growth Revenue growth +8.1% Industry median +9.1% Bottom 54% Comparison sample 75
Growth 3-year revenue CAGR +2.5% Industry median +7.4% Bottom 76% Comparison sample 66
Cash generation Operating cash flow margin 6.8% Industry median 0.8% Top 36% Comparison sample 77
Cash generation Free cash flow margin -0.8% Industry median -2.7% Top 38% Comparison sample 77

Annual financial data

Fiscal year Scope Accounting standard Revenue Operating income Ordinary income Profit before tax Net income Profit attributable to owners of parent Comprehensive income Total assets Total liabilities Net assets Shareholders' equity Equity Equity attributable to owners of parent Equity for ratio Operating cash flow Investing cash flow Financing cash flow Free cash flow Cash and cash equivalents Basic EPS P/E Share price Market cap Book value per share Dividend per share Shares issued Equity ratio Official equity ratio ROE ROA Operating margin Ordinary income margin Net margin Operating cash flow margin Free cash flow margin Dividend payout ratio Revenue YoY Operating income YoY Ordinary income YoY Profit before tax YoY Net income YoY Total assets YoY Equity YoY Operating cash flow YoY Investing cash flow YoY Financing cash flow YoY Free cash flow YoY Cash and cash equivalents YoY EPS YoY Dividend per share YoY Shares issued YoY Employees YoY Average salary YoY Employees Average salary
FY2026 Consolidated Japanese GAAP 251911000000 36272000000 38244000000 25311000000 25311000000 24662000000 352746000000 160174000000 192571000000 183273000000 192571000000 17221000000 -19136000000 -12296000000 -1915000000 74904000000 526.61 9.02 4750.0222 256492672510.1510 3986.78 53998205 0.5459197269 0.5351 0.1314372361 0.0717541801 0.1439873606 0.1518155221 0.1004759617 0.0683614451 -0.0076018911 0.0812651838 0.1118876832 0.1448928272 0.0427206064 0.0572431342 0.0804088892 -0.3354813814 -1.1822328658 0.1950245499 -1.1116878572 -0.1563154694 0.0700193031 0.0 0.0068332266 4715
FY2025 Consolidated Japanese GAAP 232978000000 32622000000 33404000000 24274000000 24274000000 23534000000 333647000000 155408000000 178239000000 168210000000 178239000000 25915000000 -8769000000 -15275000000 17146000000 88782000000 492.15 7.98 3927.3570 212070228394.1850 3627.61 53998205 0.5342143043 0.5238 0.1361879274 0.0727535389 0.1400218046 0.1433783447 0.1041900952 0.1112336787 0.0735949317 -0.0018422676 0.0696439111 0.0002395496 0.0986195972 0.0294283713 0.0781584582 0.0071900505 0.5778451762 -6.046250413 2.4582492941 0.02191579 0.106352846 0.0 0.0023544521 4683
FY2024 Consolidated Japanese GAAP 233408000000 30498000000 33396000000 22095000000 22095000000 25026000000 324109000000 158790000000 165318000000 154247000000 165318000000 25730000000 -20772000000 3027000000 4958000000 86878000000 444.84 7.67 3411.9228 184237706798.5740 3264.6 53998205 0.5100691434 0.5003 0.133651508 0.0681715102 0.1306639018 0.1430799287 0.0946625651 0.110236153 0.0212417741 -0.0019797239 0.0855312333 0.1131257916 0.0928380651 0.1057966564 0.1394483272 -0.2465151693 -0.9411269975 1.233763225 -0.7885443767 0.1069376314 0.0927850247 0.0 -0.0147617039 4672
FY2023 Consolidated Japanese GAAP 233871000000 28095000000 30002000000 20218000000 20218000000 20713000000 293100000000 148013000000 145086000000 136984000000 145086000000 34148000000 -10701000000 -12949000000 23447000000 78485000000 407.07 6.25 2544.1875 137381558183.4375 2869.5 53998205 0.4950051177 0.4862 0.1393518327 0.0689798704 0.1201303283 0.1282843961 0.0864493674 0.1460121178 0.1002561241 0.1897109544 0.1618145728 0.1633642251 0.2054614834 0.0724988748 0.1363607882 0.3686024608 0.3994612492 -1.1715579406 2.2875771172 0.1603684319 0.2230568158 0.0 0.0027489956 4742
FY2022 Consolidated Japanese GAAP 196578000000 24182000000 25789000000 16772000000 16772000000 17032000000 273287000000 145610000000 127676000000 120713000000 127676000000 24951000000 -17819000000 -5963000000 7132000000 67638000000 332.83 7.21 2399.7043 129579724730.7815 2538.57 53998205 0.4671865109 0.4613 0.1313637645 0.0613713788 0.1230147829 0.131189655 0.0853198222 0.1269267161 0.0362807639 -0.0119871534 0.095794816 0.1057325387 0.075197128 0.0549992279 0.0467648313 -0.0842997651 -0.719980695 -0.2256937307 -0.5776882994 0.0219844975 0.1234388713 0.0 -0.0018995357 4729
FY2021 Consolidated Japanese GAAP 198963000000 22068000000 23323000000 15599000000 15599000000 18840000000 259040000000 137068000000 121972000000 115337000000 121972000000 27248000000 -10360000000 -4865000000 16888000000 66183000000 296.26 9.81 2906.3106 156935555572.4730 2290.11 53998205 0.470861643 0.4655 0.1278900075 0.0602184991 0.1109150948 0.1172228002 0.0784015118 0.1369500862 0.0848801033 -0.0484382398 -0.0771160923 -0.0331232899 0.0358589548 0.0443940023 0.1463318359 -0.1114879186 -0.2459410704 0.478898886 -0.244452398 0.2224869777 0.0349332774 0.0 0.0356284153 4738
FY2020 Consolidated Japanese GAAP 209091000000 23912000000 24122000000 15059000000 15059000000 14977000000 248029000000 141627000000 106402000000 102894000000 106402000000 30667000000 -8315000000 -9336000000 22352000000 54138000000 286.26 7.0 2003.820 108202683143.100 1995.04 53998205 0.4289901584 0.4232 0.1415292946 0.0607146745 0.1143616894 0.1153660368 0.072021273 0.1466681971 0.1069008231 0.0712891376 0.0478068446 0.0048321253 -0.0134302935 0.0382126413 0.121721346 0.088485838 0.1760800634 0.4075766229 0.236146444 0.3148588915 -0.0134408602 0.0 0.0419038943 4575
FY2019 Consolidated Japanese GAAP 195177000000 22821000000 24006000000 15264000000 15264000000 15170000000 238900000000 144044000000 94856000000 91612000000 94856000000 28174000000 -10092000000 -15759000000 18082000000 41174000000 290.16 8.14 2361.9024 127538489985.1920 1783.94 53998205 0.3970531603 0.3928 0.1609176014 0.0638928422 0.1169246376 0.1229960497 0.0782059362 0.144351025 0.0926441128 0.1557825546 0.089359874 0.157975978 0.111969112 0.0198418797 0.1433668427 7.0355612682 0.6305732484 -1.6646842971 1.565309823 0.0709288111 0.1119797655 0.0567990373 4391
FY2018 Consolidated Japanese GAAP 168870000000 20949000000 20731000000 13727000000 13727000000 14428000000 234252000000 151290000000 82962000000 79609000000 82962000000 -4668000000 -27318000000 23709000000 -31986000000 38447000000 260.94 11.09 2893.8246 1558.97 0.3541570616 0.3501 0.1654612955 0.0585992862 0.124054006 0.1227630722 0.0812873808 -0.0276425653 -0.1894119737 -0.066020674 0.0382099316 0.0261855262 0.0059358054 0.2149117803 0.1573455352 -1.2253657124 -2.0451454687 4.214779661 -3.7240674502 -0.1793071061 0.0058979993 0.0862745098 4155
FY2017 Consolidated Japanese GAAP 180807000000 20178000000 20202000000 13646000000 13646000000 12770000000 192814000000 121130000000 71683000000 69039000000 71683000000 20713000000 -8971000000 -7375000000 11742000000 46847000000 259.41 8.96 2324.3136 1345.72 0.3717727966 0.3672 0.1903659166 0.0707728692 0.1115996615 0.1117323997 0.0754727417 0.1145586178 0.0649421759 0.1288161624 0.124435776 0.1421948324 0.2777153558 0.0679257823 0.1649521395 -0.030834737 -0.8600456148 0.1792788783 -0.2904707233 0.112359017 0.2778188267 0.0525591635 3825

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Source data: Financial Services Agency EDINET / Data organization, aggregation, and metric calculations: bestforever.jp