# Arr Planner Co.,Ltd.: business model and financials

> Latest period: FY ending Jan 2026, consolidated, J-GAAP
> Unit: JPY millions
> Sources: 有価証券報告書－第23期(2025/02/01－2026/01/31) (S100Y03C)
> Page: https://vizora.meequs.com/en/company/arr-planner
> Retrieved: 2026-09-30T18:09:01.428Z

## Company

Arr Planner, founded in 2003, is a company in Homebuilders listed on TSE Growth. It has 419 employees (consolidated).

| Field | Value |
| --- | ---: |
| Legal name | Arr Planner Co.,Ltd. |
| Ticker | 2983 |
| Stock price | View on Yahoo Finance (https://finance.yahoo.co.jp/quote/2983.T) |
| Listing | TSE Growth |
| Head office | 名古屋市東区東桜一丁目13番3号 |
| Representative (per filing) | 代表取締役社長 梢 政樹 |
| Founded | Oct 2003 |
| Share capital | ¥398.3M |
| Employees (consolidated) | 419 |
| Average salary (parent only) | ¥5.9M |
| Fiscal year end | January |
| Website | www.arrplanner.co.jp (https://www.arrplanner.co.jp/) |
| Corporate number | 8180001060415 |
| EDINET | E35144 |
| Industries (Vizora) | Homebuilders, Real Estate Development & Leasing |

> Profile source: annual securities report (S100Y03C, filed 2026-04-21). As of filing

## Five-axis industry profile

Primary industry: Homebuilders (2026-01-31)

| Axis | Industry percentile | Peers |
| --- | ---: | ---: |
| Revenue growth | 84.8 | 23 |
| Profitability | 67.3 | 26 |
| Cash conversion | 35.4 | 24 |
| Efficiency | 75 | 26 |
| Financial strength | 76.7 | 15 |

Each axis is shown independently. Missing values are labeled unavailable; no combined score is calculated. Industry rank is not an investment recommendation.

## Key points (generated from figures)

- About 99% of Arr Planner's sales come from Detached houses, with Real estate reproduction and property resales and Other making up much of the rest.
- Out of every ¥100 of sales, about ¥8 is left as operating profit.
- Revenue changed +21.0% from the prior year, operating profit +73.2%.

## Key figures at a glance

| Metric | Value | Note |
| --- | ---: | ---: |
| Revenue | ¥48.6B |  |
| Operating income | ¥3.75B | Margin 7.7% |
| Net income | ¥2.46B | Margin 5.1% |
| Free cash flow | -¥1.43B |  |
| Largest business | Detached houses | of segment revenue 99.4% |
| Employees (consolidated) | 419 |  |
| EPS | ¥219.68 |  |
| Diluted EPS | ¥219.47 |  |
| Book value per share | ¥686.06 |  |
| Equity ratio | 22.3% |  |
| Shares outstanding | 5,399,480 |  |
| Treasury shares | 63,200 |  |
| Shareholders | 1,929 |  |
| Average salary (parent only) | ¥5.9M | Filing company only |
| Cash ratio | 16.6% | Net cash -¥5.44B · Cash ÷ revenue 12.0% |
| Vs. industry median margin | +2.3 pp | Homebuilders |
| ROE | 36.5% | Derived from disclosed figures |
| ROA | 7.7% | Derived from disclosed figures |

## Notable figures

- FY2026, one segment accounts for 99% of positive segment profit

## What changed in 5 years

| Metric | FY ending Jan 2021 | FY ending Jan 2026 | Change |
| --- | ---: | ---: | ---: |
| Revenue | ¥22012327000 | ¥48623906000 | +120.9% |
| Operating income | ¥625757000 | ¥3747022000 | +498.8% |
| Operating margin | 2.8% | 7.7% | +4.9 pp |
| Employees | 292 people | 419 people | +43.5% |
| Cash and equivalents | ¥2443849000 | ¥5835237000 | +138.8% |

### Change in segment revenue mix

Span: FY ending Jan 2021 → FY ending Jan 2026. Stable segment keys are connected; unmatched shares are marked as new or reorganized. Shares use total segment revenue.

| Flow | Revenue share |
| --- | ---: |
| 戸建住宅 → 戸建住宅 | 96.7% |
| 中古再生・収益不動産 → 中古再生・収益不動産 | 0.5% |
| 中古再生・収益不動産 → 事業再編・廃止 | 1.1% |
| その他不動産 → 事業再編・廃止 | 1.6% |
| その他 → その他 | 0.1% |
| その他 → 事業再編・廃止 | 0.0% |
| 新設・再編 → 戸建住宅 | 2.7% |

Segment revenue source references: 7 (derived)

## Business growth × margin

X-axis: segment revenue CAGR. Y-axis: latest operating margin. Bubble size: latest revenue. CAGR requires at least two comparable years.

| Segment | CAGR span | Revenue CAGR | Latest revenue | Operating margin | Source refs |
| --- | ---: | ---: | ---: | ---: | ---: |
| Detached houses | 5 years | +17.5% | ¥48340987000 | 10.0% | 2 |
| Real estate reproduction and property resales | 5 years | -7.5% | ¥242673000 | 5.1% | 2 |
| Other | 5 years | +8.9% | ¥40245000 | 99.9% | 2 |

## Income statement（FY ending Jan 2026, consolidated, J-GAAP）

| Item | Amount (JPY mn) | % of revenue | Source |
| --- | ---: | ---: | ---: |
| Revenue | 48,624 | 100.0% | S100Y03C |
| Cost of revenue | 39,773 | 81.8% | S100Y03C |
| Gross profit | 8,851 | 18.2% | S100Y03C |
| SG&A | 5,104 | 10.5% | S100Y03C |
| Operating income | 3,747 | 7.7% | S100Y03C |
| Ordinary income | 3,523 | 7.2% | S100Y03C |
| Pretax income | 3,483 | 7.2% | S100Y03C |
| Income tax | 1,025 | 2.1% | S100Y03C |
| Net income | 2,458 | 5.1% | S100Y03C |
| Net income attributable to owners | 2,458 | 5.1% | S100Y03C |

## Per ¥100 of revenue（FY ending Jan 2026）

| Part | JPY |
| --- | ---: |
| Cost of revenue | 82 |
| SG&A | 10 |
| Operating income | 8 |
| (Ref.) Net income | 5 |

### Margin funnel

Gross margin 18.2% → Operating margin 7.7% → Net margin 5.1%
Derived from reported figures (DERIVED).

## Revenue and profit pattern

Pattern: Revenue and profit up
Revenue growth: +21.0%; Core profit growth: +73.2%
Growth quality: margin-expansion
Operating leverage (core profit growth ÷ revenue growth): 3.49×
Calculated from comparable annual consolidated filings.

## Year over year（FY ending Jan 2025 → FY ending Jan 2026、JPY mn）

| Metric | Prior | Current | Change | % change |
| --- | ---: | ---: | ---: | ---: |
| Revenue | 40,186 | 48,624 | 8,438 | +21.0% |
| Gross profit | 6,736 | 8,851 | 2,115 | +31.4% |
| Operating income | 2,163 | 3,747 | 1,584 | +73.2% |
| Net income attributable to owners | 1,437 | 2,458 | 1,021 | +71.1% |
| Operating cash flow | 1,949 | -1,312 | -3,261 | -167.3% |
| Free cash flow | 1,707 | -1,433 | -3,140 | -183.9% |

## History（JPY mn）

| Period | Revenue | Op. income | Op. margin | Net income | Op. CF | FCF | Source |
| --- | ---: | ---: | ---: | ---: | ---: | ---: | ---: |
| FY ending Jan 2020 | 19,183 | 688 | 3.6% | 434 | -1,092 | -1,402 | S100L80P |
| FY ending Jan 2021 | 22,012 | 626 | 2.8% | 349 | 162 | -70 | S100NXS7 |
| FY ending Jan 2022 | 28,057 | 1,520 | 5.4% | 960 | -2,457 | -2,738 | S100QN9Y |
| FY ending Jan 2023 | 31,245 | 692 | 2.2% | 327 | -3,067 | -3,462 | S100TBU3 |
| FY ending Jan 2024 | 32,071 | 533 | 1.7% | 222 | 608 | 427 | S100VOCT |
| FY ending Jan 2025 | 40,186 | 2,163 | 5.4% | 1,437 | 1,949 | 1,707 | S100Y03C |
| FY ending Jan 2026 | 48,624 | 3,747 | 7.7% | 2,458 | -1,312 | -1,433 | S100Y03C |

## People and productivity（FY ending Jan 2026, consolidated, J-GAAP）

| Metric | Value |
| --- | ---: |
| Revenue per employee (consolidated) | ¥116M |
| Operating income per employee (consolidated) | ¥8.9M |
| Net income per employee (consolidated) | ¥5.9M |

Employees, revenue and profit are consolidated. Average annual salary is a separate parent-company figure. Calculated from disclosed figures (DERIVED).

| History | FY ending Jan 2022 | FY ending Jan 2023 | FY ending Jan 2024 | FY ending Jan 2025 | FY ending Jan 2026 |
| --- | ---: | ---: | ---: | ---: | ---: |
| Employees (consolidated) | 306 | 322 | 357 | 370 | 419 |
| Average salary (parent company) | ¥5.2M | ¥5.3M | ¥5.6M | ¥6M | ¥5.9M |
| Average age (parent company) | 33.0 years | 32.7 years | 33.2 years | 34.4 years | 34.6 years |
| Average tenure (parent company) | 3.4 years | 3.8 years | 4.1 years | 4.6 years | 4.6 years |

Year over year: Employees (consolidated) +13.2% · Revenue (consolidated) +21.0%

## Segments（FY ending Jan 2026, consolidated, J-GAAP、JPY mn）

| Segment | Revenue | Share | Op. income | Op. margin |
| --- | ---: | ---: | ---: | ---: |
| Detached houses | 48,341 | 99.4% | 4,831 | 10.0% |
| Real estate reproduction and property resales | 243 | 0.5% | 12 | 5.1% |
| Other | 40 | 0.1% | 40 | 99.9% |

### segmentMix — Revenue and profit mix

Calculated from disclosed figures (DERIVED). Shares use total segment revenue and total positive segment profit respectively. Difference = profit share − revenue share (pt). Inter-segment sales may prevent reconciliation to company revenue.

| Segment | Revenue share | Profit share | Difference (pt) | Margin |
| --- | ---: | ---: | ---: | ---: |
| Detached houses | 99.4% | 98.9% | -0.5 | 10.0% |
| Real estate reproduction and property resales | 0.5% | 0.3% | -0.2 | 5.1% |
| Other | 0.1% | 0.8% | 0.7 | 99.9% |

Segment → industry: Detached houses → Homebuilders / Real estate reproduction and property resales → Real Estate Development & Leasing

## Revenue by geography

No geographic revenue breakdown was disclosed.

## Cash flow（FY ending Jan 2026, consolidated, J-GAAP）

| Item | Amount (JPY mn) | % of revenue | Source |
| --- | ---: | ---: | ---: |
| Operating cash flow | -1,312 | -2.7% | S100Y03C |
| Capital expenditure | 121 | 0.2% | S100Y03C |
| Free cash flow | -1,433 | -2.9% | 算出 |
| Investing cash flow | -369 | -0.8% | S100Y03C |
| Financing cash flow | 2,394 | 4.9% | S100Y03C |
| Dividends paid | 320 | 0.7% | S100Y03C |
| Share buyback | 0 | 0.0% | S100Y03C |
| Change in cash | 714 | 1.5% | S100Y03C |
| Cash and equivalents | 5,835 | 12.0% | S100Y03C |

## Balance sheet

Figures are as of each fiscal year end. Derived values are marked as such in the source column. Lease liabilities are excluded from interest-bearing debt.

| Metric | FY ending Jan 2022 | FY ending Jan 2023 | FY ending Jan 2024 | FY ending Jan 2025 | FY ending Jan 2026 | Source |
| --- | ---: | ---: | ---: | ---: | ---: | ---: |
| Cash and equivalents | 3,227 | 2,794 | 3,206 | 5,121 | 5,835 | S100TBU3, S100VOCT, S100Y03C |
| Total assets | 22,556 | 24,225 | 25,405 | 28,856 | 35,104 | S100QN9Y, S100TBU3, S100VOCT, S100Y03C |
| Net assets | 3,927 | 4,254 | 4,356 | 5,665 | 7,817 | S100TBU3, S100VOCT, S100Y03C |
| Share capital | 386 | 394 | 397 | 397 | 398 | S100QN9Y, S100TBU3, S100VOCT, S100Y03C |
| Trade receivables | 60 | — | — | — | — | S100QN9Y |
| Property, plant and equipment | 1,154 | 1,295 | 1,191 | 1,196 | 927 | S100QN9Y, S100TBU3, S100VOCT, S100Y03C |
| Intangible assets excluding goodwill | 26 | 29 | 33 | 36 | 41 | S100QN9Y, S100TBU3, S100VOCT, S100Y03C |
| Current assets | 20,830 | 22,291 | 23,513 | 26,829 | 33,239 | S100QN9Y, S100TBU3, S100VOCT, S100Y03C |
| Current liabilities | 13,767 | 14,800 | 15,860 | 18,848 | 22,610 | S100QN9Y, S100TBU3, S100VOCT, S100Y03C |
| Trade payables | 2,546 | 1,804 | 2,054 | 2,630 | 3,260 | S100QN9Y, S100TBU3, S100VOCT, S100Y03C |
| Short-term borrowings | 4,830 | 5,690 | 6,239 | 5,539 | 6,815 | S100QN9Y, S100TBU3, S100VOCT, S100Y03C |
| Long-term borrowings | 4,405 | 4,745 | 4,855 | 4,049 | 4,410 | S100QN9Y, S100TBU3, S100VOCT, S100Y03C |
| Bonds | 282 | 200 | 115 | 74 | 50 | S100QN9Y, S100TBU3, S100VOCT, S100Y03C |
| Interest-bearing debt | 9,517 | 10,636 | 11,209 | 9,662 | 11,276 | 算出 |
| Total liabilities | 18,629 | 19,971 | 21,049 | 23,192 | 27,287 | S100QN9Y, S100TBU3, S100VOCT, S100Y03C |
| Equity attributable to owners of parent | 3,927 | 4,254 | 4,356 | 5,665 | 7,817 | S100QN9Y, S100TBU3, S100VOCT, S100Y03C |
| Retained earnings | 3,206 | 3,518 | 3,659 | 4,963 | 7,101 | S100QN9Y, S100TBU3, S100VOCT, S100Y03C |
| Treasury stock | -1 | -1 | -48 | -44 | -39 | S100QN9Y, S100TBU3, S100VOCT, S100Y03C |

### Assets and funding mix

| Assets | Share | Source |
| --- | ---: | ---: |
| Cash | 17% | S100Y03C |
| Property, plant and equipment | 3% | S100Y03C |
| Intangibles and goodwill | 0% | S100Y03C |
| Other assets | 80% | S100Y03C |

| Funding source | Share | Source |
| --- | ---: | ---: |
| Trade payables | 9% | S100Y03C |
| Interest-bearing debt | 32% | 算出 |
| Other liabilities | 37% | S100Y03C |
| Equity | 22% | S100Y03C |
| Other liabilities | 0% | S100Y03C |

### Balance sheet history

| Metric | FY ending Jan 2022 | FY ending Jan 2023 | FY ending Jan 2024 | FY ending Jan 2025 | FY ending Jan 2026 |
| --- | ---: | ---: | ---: | ---: | ---: |
| Total assets | 22,556 | 24,225 | 25,405 | 28,856 | 35,104 |
| Equity | 3,927 | 4,254 | 4,356 | 5,665 | 7,817 |
| Interest-bearing debt | 9,517 | 10,636 | 11,209 | 9,662 | 11,276 |
| Cash | 3,227 | 2,794 | 3,206 | 5,121 | 5,835 |

## Asset intensity and goodwill

Ratios are derived from reported values. Goodwill is used only when separately reported, never inferred from combined intangible assets.

| Metric | Value | Sources |
| --- | ---: | ---: |
| Asset intensity (fixed assets ÷ revenue) | 1.9% | S100Y03C |
| Fixed assets ÷ total assets | 2.6% | S100Y03C |
| Goodwill ÷ parent equity | — | —, S100Y03C |

### Cash quality

Net cash = cash − interest-bearing debt. Net debt ratio = (interest-bearing debt − cash) ÷ positive operating cash flow. Omit when debt components are incomplete; other ratios are derived from reported figures.

| Metric | Value |
| --- | ---: |
| Cash ratio (cash ÷ total assets) | 16.6% |
| Cash ÷ revenue | 12.0% |
| Net cash (cash − interest-bearing debt) | -¥5.44B |
| Net debt ÷ operating cash flow | — |
| Cash conversion (operating CF ÷ operating income) | -35.0% |
| Cash vs. profit gap | -3,769 JPY mn (of net income -153.4%) |
| Shareholder returns / net income | 13.0% |
| Shareholder returns / FCF | — |
| Shareholder payments — dividends / net income | 13.0% |
| Shareholder payments — dividends / FCF | — |
| CapEx intensity (capex ÷ revenue) | 0.2% |
| Investing CF relative to operating CF | — |

## ROA and ROE

ROE is decomposed into net margin × asset turnover × financial leverage. Leverage can raise ROE, so the ratio alone does not assess a company's condition. Ending balances are used without a prior year; total equity approximates parent equity when unavailable.

| Period | Net margin | Asset turnover | ROA | Financial leverage | ROE | Sources |
| --- | ---: | ---: | ---: | ---: | ---: | ---: |
| 2022 | 3.4% | 1.24× | 4.3% | 5.74× | 24.4% | S100QN9Y |
| 2023 | 1.0% | 1.34× | 1.4% | 5.72× | 8.0% | S100TBU3 |
| 2024 | 0.7% | 1.29× | 0.9% | 5.76× | 5.2% | S100VOCT |
| 2025 | 3.6% | 1.48× | 5.3% | 5.41× | 28.7% | S100Y03C |
| 2026 | 5.1% | 1.52× | 7.7% | 4.74× | 36.5% | S100Y03C |

## Ownership

| Counterparty | Relation | Ratio | As of |
| --- | ---: | ---: | ---: |
| Ko.International株式会社 | Major shareholder | 18.7% | 2026-01-31 |
| 梢 政樹 | Major shareholder | 17.6% | 2026-01-31 |
| TreeTop株式会社 | Major shareholder | 15.0% | 2026-01-31 |
| 古賀 祐介 | Major shareholder | 13.9% | 2026-01-31 |
| アールプランナー従業員持株会 | Major shareholder | 2.9% | 2026-01-31 |
| 野村證券株式会社 | Major shareholder | 1.8% | 2026-01-31 |
| 株式会社SBI証券 | Major shareholder | 1.4% | 2026-01-31 |
| 嶋崎 弘之 | Major shareholder | 1.1% | 2026-01-31 |
| 新海 秀治 | Major shareholder | 1.0% | 2026-01-31 |
| 楽天証券株式会社 | Major shareholder | 0.7% | 2026-01-31 |

## Sources

| Document | ID | Published | URL |
| --- | ---: | ---: | ---: |
| 有価証券報告書－第23期(2025/02/01－2026/01/31) | S100Y03C | 2026-04-21 | https://disclosure2.edinet-fsa.go.jp/WZEK0040.aspx?S100Y03C,, |
| 有価証券報告書－第22期(2024/02/01－2025/01/31) | S100VOCT | 2025-04-25 | https://disclosure2.edinet-fsa.go.jp/WZEK0040.aspx?S100VOCT,, |
| 有価証券報告書－第21期(2023/02/01－2024/01/31) | S100TBU3 | 2024-04-26 | https://disclosure2.edinet-fsa.go.jp/WZEK0040.aspx?S100TBU3,, |
| 有価証券報告書－第20期(2022/02/01－2023/01/31) | S100QN9Y | 2023-04-25 | https://disclosure2.edinet-fsa.go.jp/WZEK0040.aspx?S100QN9Y,, |
| 有価証券報告書－第19期(令和3年2月1日－令和4年1月31日) | S100NXS7 | 2022-04-26 | https://disclosure2.edinet-fsa.go.jp/WZEK0040.aspx?S100NXS7,, |
| 有価証券報告書－第18期(令和2年2月1日－令和3年1月31日) | S100L80P | 2021-04-26 | https://disclosure2.edinet-fsa.go.jp/WZEK0040.aspx?S100L80P,, |

## Definitions

- Amounts are in millions of JPY (rounded). The period is stated in each table heading
- Operating margin = operating income ÷ revenue. Net income is attributable to owners of the parent when disclosed
- Free cash flow (FCF) = operating cash flow − capital expenditure
- ¥100 model = breakdown per ¥100 of revenue (rounded so parts sum to 100)
- Segment revenues include inter-segment sales and may not sum to consolidated revenue
- Source IDs are EDINET document IDs (docID). "算出" (derived) means computed from other disclosed values
- All figures are extracted mechanically from filings. AI-written text never generates figures
- Source: company filings submitted to EDINET (Financial Services Agency of Japan). Figures were extracted, edited and processed, and charts and text were created, by Vizora — not by the FSA (used under the Public Data License v1.0).