Please tell us about Meiho Enterprise ’s business.

We are a corporate group centered on real estate development. Our five group companies are engaged in real estate development, construction contracting, and rental management, and this fiscal year marks our 58th fiscal year.
Our real estate development and construction contracting services are centered in the Jonan and Josai areas of Tokyo's 23 wards. We provide rental property management services in the greater Tokyo area and the Kyoto and Shiga areas. Our real estate is rental apartment buildings, and our specialty is being involved in the housing industry from upstream to downstream, all in one place.

Locally, we analyze the demand for rental housing and the requests of residents in the Tokyo metropolitan area and the Kyoto-Shiga region, and sell apartment complexes that are currently being rented to investors. In this way, we respond to real estate investment needs and contribute to society by supplying housing.

The market size for rental housing is expected to be 340,000 units (based on construction starts) in fiscal 2024, of which our company will supply approximately 470 units. Even in an environment of declining birthrates, the rental housing market in the Tokyo metropolitan area continues to grow, and our group intends to benefit from this growth.

Looking back at the fiscal year ending July 2025, how do you assess it?

For the fiscal year ending July 2025, robust market demand enabled us to secure higher profit margins and profit amounts than initially expected, with sales increasing 44.9%, operating profit increasing 44.1%, ordinary profit increasing 41.6%, and net profit increasing 37.7%, all significantly exceeding the results for the previous fiscal year. Our company places emphasis on employee training, particularly for young employees, which has enabled young sales staff to expand purchasing and sales, strengthening our sales capabilities, and this is a major factor in these results.

Another major factor was that sales activities were not limited to Japan, but also expanded to overseas investors, primarily in Asia. In Taiwan, we established a local subsidiary, Tokyo Ming Fung Development Co., Ltd., and held our first seminar in Hong Kong, among other efforts to actively strengthen our sales activities, primarily in Asia.

In terms of funding, we will actively seek new financing, including new borrowings, and lay the foundation for business expansion. In addition, the group has over 150 employees in total, and we are focusing on creating an environment where employees can work comfortably, as well as enhancing educational plans such as specialized training and management skills training, and we plan to further increase the number of employees in order to expand our business. Increasing the number of employees is an important factor supporting further development in the future as part of our growth strategy.

Please tell us about your outlook for the current fiscal year (ending July 2026) and your future strategy.

Product Strategy

This fiscal year, we will continue to strengthen the supply of RC housing centered on the "EL FARO (EL FARO)" series, focusing on areas with excellent living environments in Tokyo's 23 wards. In particular, we are further accelerating the pace of supply in the Jonan and Josai areas, aiming to supply around 37 buildings per year. We will build a stable profit base based on the strengths of the "EL FARO (EL FARO)" series, which are high capital turnover rates and business completion in a short period of time.

Overseas sales strategy

Through our Taiwanese subsidiary, which was established in December 2024 and began operations in February 2025, we aim to expand our services to investors in Taiwan and other Asian countries and further strengthen our sales channels. We will also promote proactive sales activities with a view to joint development projects in Japan with local developers and the recruitment of local global talent in Taiwan.

Human Resources Strategy

In terms of recruitment, we will continue to actively recruit new graduates and mid-career employees, as we did last year, to further grow our organization. For young employees, who are a major driving force behind our company's growth, we will strengthen our leadership development and growth support system through job-specific career planning, a "project team system" led by young employees, and a cyclical growth system in which new graduates are educated in their second year with the company. We will also focus on training and specialized training for existing employees, creating an environment that supports skill improvement and career growth.

Vertical Integration Strategy

In the construction of our main products, the "EL EL FARO" and "MIJAS" series, we will further strengthen our collaboration with Meiho Engineering and Kyoei Kyoeigumi. In addition, in the post-sales property management, we plan to continue contributing to the profit expansion of the entire group together with Meiho Properties this fiscal year.

What is your vision for the future?

The title of this online shareholder newsletter, "M's connection," is
Please tell us your thoughts, President

This not only signifies our connection with shareholders who sympathize with Meiho Enterprise 's vision and mission and share it with individual investors and shareholders, but also our connection with groups that do not share the Meiho name.