IR information

TOP > IR情報 > FAQs

FAQs

About our history

Q.

When were you established?

A.

September 1979.For more information regarding our history, please visit the “History” section of this website.

Close
Q.

When were you listed on the Tokyo Stock Exchange?

A.

We were listed on the Second Section of the Tokyo Stock Exchange in March 1999.
Our listing on the First Section was conducted in September 2001.

Close
Q.

What is the origin of your name?

A.

Our name consists of two components: “Kyoritsu” and “Maintenance.” Both of these components are based on the sentiments of our founder, Haruhisa Ishizuka. “Kyoritsu” represents our ability to establish a secure existence in the world by standing together with our customers, society, and all of those who offer their support. “Maintenance” usually conjures images of managerial maintenance but the “maintenance” in our name primarily represents the maintenance of livelihoods and refers to Mr. Ishizuka’s resolution to achieve financial success through our original student dormitory business.

Close
Q.

Please explain the meaning of your logo.

A.

Our logo is a visualization of the terms “Kyoritsu” and “Maintenance” that appear in our name.
The white characters in our logo, which can be read as two Japanese kanji characters for “person,” represent both two people standing together and the “M” in “Maintenance.” The area surrounding these characters represents our harmonious and peaceful relationships. Furthermore, the circular design of our logo expresses Kyoritsu Maintenance’s infinite future development and expansion.

Close

About our corporate information

Q.

I would like to know more about Kyoritsu Maintenance’s profile, including how many employees and branches you have.

A.

Please visit the “Company” section of this website.

Close
Q.

What kinds of businesses are you operating?

A.

Kyoritsu Maintenance is currently developing businesses related to “food, housing, and overnight stays,” including its student and employee dormitories and its Dormy Inn and Kyoritsu Resort facilities. For details on our individual businesses, please visit the “Business Overview” section of this website.

Close
Q.

Japan is currently dealing with a decreasing birth rate and an aging population. Will the market for the dormitory business contract as a result?

A.

The population of 18-year-olds is undeniably shrinking. However, the ratio of students continuing their education at universities, junior colleges, vocational schools, and other institutions of higher education is increasing each year. As a result, we believe that student numbers will remain at a consistent level for the foreseeable future.

Close
Q.

Do you own your dormitory and hotel buildings?

A.

Managing and operating dormitories, hotels, and other lodging facilities is the essence of our business. Accordingly, our business objectives do not include land and building ownership. Rather, we conduct business under the assumption that we will collectively lease land and buildings from their owners through long-term lease agreements and subsequently sublease them.

Close

About our financial results or other financial matters

Q.

When does your fiscal term end?

A.

Our current fiscal term ends on March 31. We release financial results at the end of each quarter.

Close
Q.

When will your next financial results announcement be?

A.

Please visit the “IR Calendar” section of this website.

Close
Q.

Do you offer financial results briefing videos?

A.

We broadcast video of interim and final financial results briefings held for institutional investors on demand. You can find the latest video here.

Close
Q.

I would like to know more about your previous business results.

A.

For a list of past business results, please visit the “Financial Information” section of this website. Performance-related documents can be found on the “Download Materials” section of this website.

Close
Q.

I want to know more about performance indicators, such as return on investment (ROE) and balance of interest-bearing debt.

A.

For more details, please visit the “Financial Information” section of this website.

Close
Q.

What are your credit ratings?

A.
Rating agency name Long-term rating Debt rating Rating outlook
Japan Credit Rating Agency,Ltd.(JCR) BBB BBB Negative
Reference: Website displaying our rating JCR rating lists
Close
Q.

Please explain circumstances surrounding the issuance of corporate bonds.

A.

Details regarding corporate bonds (excluding privately placed bonds) issued over the last 10 years can be found below:(Unit: millions of yen)


Kyoritsu Maintenance’s issuance of a second series of unsecured convertible bonds with stock acquisition rights (convertible bond-type bonds with share acquisition rights that are subject to an inter-bond pari passu clause)

Maturity date Interest rate Issuance volume
September 30, 2009 No interest 5,000

Kyoritsu Maintenance’s issuance of a yen-denominated convertible bond with stock acquisition rights expiring on September 30, 2011

Maturity date Interest rate Issuance volume
September 30, 2011 No interest 10,000

Kyoritsu Maintenance’s issuance of a third series of unsecured convertible bonds with stock acquisition rights (convertible bond-type bonds with share acquisition rights that are subject to an inter-bond pari passu clause)

Maturity date Interest rate 発行額
December 28, 2018 No interest 15,000

Kyoritsu Maintenance’s issuance of a fourth series of unsecured convertible bonds with stock acquisition rights (convertible bond-type bonds with share acquisition rights that are subject to an inter-bond pari passu clause)

Maturity date Interest rate Issuance volume
March 31, 2021 No interest 20,000

Euro-yen convertible bonds due 2026

Maturity date Interest rate Issuance volume
January 29,2026 No interest 30,000
Close

About general topics related to our shares

Q.

What is your securities code?

A.

9616

Close
Q.

How many shares are there per trading unit?

A.

100 shares

Close
Q.

Please explain your shareholder composition and your major shareholders.

A.

Please visit the “Fact Sheet” section of this website.

Close
Q.

What are your stock price trends?

A.

Please visit the “Stock information” section of this website.

Close
Q.

When is the general shareholders’ meeting?

A.

We hold this meeting in June of each year.

Close
Q.

I would like to know when past stock splits were conducted.

A.

We have conducted five stock splits since listing on the Tokyo Stock Exchange.


Date of execution(Note 1) Split ratio Number of shares following split(Note 2)
May 20, 2002 1:1.3 130
May 20, 2002 1:1.1 143
October 1, 2006 1:1.2 171
April 1, 2015 1:1.2 205
April 1, 2017 1:2 410
Note 1: Effective date
Note 2: Assuming 100 shares as of May 19, 2002. Fractions of shares are rounded down for purposes of convenience.
Close
Q.

Who is your shareholder registry administrator?

A.

Mitsubishi UFJ Trust and Banking Corporation

Close
Q.

Who should I contact regarding various stock procedures?

A.

For more details, please see our administrative procedures for shareholders.

Close
Q.

What should be done about fractional shares amounting to less than one trading unit (less than 100 shares)?

A.

Our share trading unit is equal to 100 shares. According to policy, shareholders holding fractional shares (less than the trading unit of 100 shares) will not be able to sell these shares through the stock market or exercise their voting rights during general shareholders’ meetings.
To alleviate the disadvantage these restrictions place on our shareholders, we have implemented systems that allow our shareholders to request that these shares be bought back or to apply for permission to convert them into a whole trading unit by purchasing more shares.


■Outline of system allowing for the sellback or additional purchase of fractional shares


◎Sellback system: Allows shareholders to request that the Company buy back their fractional shares

(Example) A shareholder holds 120 shares and sells 20 of them back to the Company at their market price


◎Fractional share completion system: Allows shareholders to request that the Company provide permission to purchase the number of shares necessary to complete a single trading unit (equal to 100 shares)

(Example) A shareholder holds 120 shares and purchases 80 at the current market price, reaching 200 shares (two trading units)


■Procedures


Please be aware that point of contact for procedures differs depending on the account to which fractional shares are registered.


◎Fractional shares registered to securities company accounts

Please contact the relevant securities company (the institution managing the account) for all inquiries, including questions regarding handling charges


◎Fractional shares registered to special accounts

Please contact Mitsubishi UFJ Trust and Banking Corporation (the institution managing special accounts and the shareholder registry administrator)


* Special accounts are accounts set up by the Company in the names of shareholders who were not using the storage transfer system offered by Japan Securities Depository Center, Inc., at the time the Company implemented a paperless stock transfer system (e.g., shareholders storing share certificates at home or in safe-deposit boxes, shareholders holding fractional shares for which certificates have not been issued, etc.). The accounts were established to protect and ensure the rights of these shareholders.


(Contact information)
Mitsubishi UFJ Trust and Banking Corporation Transfer Agency Department
Higashisuna 7-10-11, Koto-ku, Tokyo 137-8081, Japan
Tel: +81 (120) 232-711 (Toll-free within Japan)
Service hours: 9:00 a.m.–5:00 p.m. (JST; except on Saturdays, Sundays, national holidays, and the New Year holiday period)


◎Notes


(1)Sellback or additional share purchase prices are equivalent to the Tokyo Stock Exchange closing price of a single Company share on the day the request was received by the offices of the Company’s shareholder registry administrator multiplied by the number of shares to be sold or purchased.

(2)Requests to sell fractional shares back to the Company or to acquire additional shares cannot be cancelled.

(3)Processing of requests is suspended during certain periods, including immediately before the record date of the fiscal term, etc.

(4)Even if fractional shares are converted to whole trading units through our fractional share completion system, they cannot be sold on the market when registered to special accounts. Instead, they must be transferred to a securities company account.

Close

About dividends

Q.

Please explain your profit return policy.

A.

Please visit the “Dividends” section of this website.

Close
Q.

When are dividend payment dates confirmed?

A.

Our year-end dividend payment dates are confirmed on March 31 and our interim dividend payment dates are confirmed on September 30.

Close
Q.

Please explain the current dividend status.

A.

The Company plans to maintain the previous year's dividend at 45 yen per year for the fiscal year ended March 2020.We plan to increase our total dividend payments for the fiscal year ended March 31, 2019, to \45 per share, an increase of \5 (12.5%) year on year. Past dividend payments can be viewed in the “Dividends Status” section of this website.

Close
Q.

When are dividends paid?

A.

Year-end dividends are paid in June and interim dividends are paid in December.

Close
Q.

Have you ever conducted share buybacks?

A.

Below are share buybacks we have conducted since our listing on the Tokyo Stock Exchange.


Fiscal term of execution Number of shares bought back
Fiscal year ended March 31, 2004 150,000
Fiscal year ended March 31, 2008 527,500
Fiscal year ended March 31, 2012 252,500
Fiscal year ended March 31, 2014 1,071,500
Close

About our shareholder benefit program

Q.

Please explain your shareholder benefit program and how to use it.

A.

Please visit the “Shareholder Benefit Program” section of this website.

Close
Q.

Do you have a special benefit program for long-term shareholders?

A.

We recently established one. During the Board of Directors’ meeting held on February 9, 2017, we resolved to create a special benefit program for long-term shareholders to augment our standard shareholder benefit program. For more details, please visit the “Shareholder Benefit Program” section of this website.

Close