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Earnings presentation materials2970GLC GROUP,INC.Real Estate

Earnings Presentation Materials for the Third Quarter of the Fiscal Year Ending December 2026

For the cumulative third quarter of the fiscal year ending December 2026, revenue increased 5.8% year on year, driven by the core business. Meanwhile, operating profit decreased 28.5% and net income decreased 33.6%, due to higher SG&A expenses associated with business expansion and lower profit margins on certain large-scale projects.

Worth reading
57In focus
0–100. This measures how worthwhile something is to read, not how good or bad the company is.
Direction
Mixed performance
Direction inferred from the company’s description.
Scale
5.8
Year-on-year change in net sales (%)
Wording
Conditional
How definitive the wording is.

Contents of this document

Earnings presentation materialsThird quarter of the fiscal year ending December 20268 items taken from the company’s own explanation
Financial Results Figures (The key points of this material are explained below)
Net Sales¥17,962 million+5.8%
Operating profit¥1,360 million-28.5%
Ordinary income¥1,254 million-33.4%
Net income¥791 million-33.6%
Selling, general and administrative expenses¥1,204 million
Full-year earnings forecast
Net Sales
¥27,500 million
Operating profit
¥2,200 million
Ordinary income
¥2,100 million
Net income for the current fiscal year
¥1,400 million
Progress against full-year forecast　通期の予想に対して、いまどこまで進んだかの割合です。
Net Sales65.3%
Cost of sales65.0%
Gross profit67.0%
Selling, general and administrative expenses73.9%
Operating profit61.8%
Ordinary income59.7%
Quarterly Net Income (Current Period)56.5%
What the company explained in this material
Self-assessment against the planThe company's self-assessment against its own plan.
Progressing smoothly in line with the plan
Breakdown of Factors Affecting the ChangeReasons cited by the Company for the change in the figures.
  • Increase in revenue¥979 million
  • Increase in cost of sales¥1,294 million
  • Decrease in gross profit¥-315 million
  • Higher SG&A Expenses¥226 million
  • Continued operating profit decline¥-541 million
  • Decrease in ordinary profit¥-629 million
  • Net income decline¥-400 million
New initiatives
  • Opening of the Tokyo branch and business expansion in Tokyo's 23 wards
  • Opening of Minn Naha Miebashi, the first hotel project
  • Second hotel project in Haruyoshi, Fukuoka
  • Appointment of Koizumi Kotaro (小泉孝太郎) as brand partner
  • Introduction of a Shareholder Benefit Program
  • Strengthening landowner projects
Key KPIsA metric the company considers important as a management benchmark.
  • Number of acquisitions+10 projects year on year
    Year on year against the same period last year+10 projects
  • Number of projects startedup 6 deals year on year
    Year on year against the same period last year+6 transactions
  • Number of projects42 cases
    Year on year against the same period last yearRecord-high level
  • Rental properties under management and gas supply units8,542 units
  • Occupancy Rate97 %
  • Cumulative number of completed projects208 properties
  • Equity ratio33.2 %
    Year on year against the same period last year+3pt
Segment results
  • Asset Creation Business
    Net Sales¥16,498 million (YoY +4.8%)
    Segment profit¥1,258 million (YoY -27.6%)
  • Asset Management Business
    Net Sales¥1,507 million (YoY +16.7%)
    Segment profit¥582 million (YoY +14.6%)
  • Property Management
    Net Sales¥1,158 million (YoY +15.7%)
    Segment profit¥546 million (YoY +13.0%)
  • Energy
    Net Sales¥348 million (YoY +20.4%)
    Segment profit¥45 million (YoY +80.0%)
Medium-term management plan targets
Target fiscal yearFY2028
Net Sales
36,000～40,000
Operating profit
¥4,500 million
Ordinary income
¥4,300 million
Net income for the current fiscal year
¥2,800 million
Number of stores and locations
Tokyo branch opened on 24 September 2026. Number of stores/locations and store openings/closures: Not disclosed
Number of employees
Number of Employees194 people
As ofEnd of September 2026
Contents of this document
ItemDetails
Document typeEarnings presentation materials
Fiscal Period CoveredThird quarter of the fiscal year ending December 2026
Net Sales¥17,962 million (YoY +5.8%)
Operating profit¥1,360 million (YoY -28.5%)
Ordinary income¥1,254 million (YoY -33.4%)
Net income¥791 million (YoY -33.6%)
Selling, general and administrative expenses¥1,204 million
Full-year earnings forecastNet Sales ¥27,500 million / Operating profit ¥2,200 million / Ordinary income ¥2,100 million / Net income for the current fiscal year ¥1,400 million
Progress against full-year forecastNet Sales 65.3% / Cost of sales 65.0% / Gross profit 67.0% / Selling, general and administrative expenses 73.9% / Operating profit 61.8% / Ordinary income 59.7% / Quarterly Net Income (Current Period) 56.5%
Self-assessment against the planProgressing smoothly in line with the plan
Segment resultsSegment Asset Creation Business / Net Sales ¥16,498 million (YoY +4.8%) / Segment profit ¥1,258 million (YoY -27.6%), Segment Asset Management Business / Net Sales ¥1,507 million (YoY +16.7%) / Segment profit ¥582 million (YoY +14.6%), Segment Property Management / Net Sales ¥1,158 million (YoY +15.7%) / Segment profit ¥546 million (YoY +13.0%), Segment Energy / Net Sales ¥348 million (YoY +20.4%) / Segment profit ¥45 million (YoY +80.0%)
Breakdown of Factors Affecting the ChangeFactors Increase in revenue / Amount ¥979 million, Factors Increase in cost of sales / Amount ¥1,294 million, Factors Decrease in gross profit / Amount ¥-315 million, Factors Higher SG&A Expenses / Amount ¥226 million, Factors Continued operating profit decline / Amount ¥-541 million, Factors Decrease in ordinary profit / Amount ¥-629 million, Factors Net income decline / Amount ¥-400 million
Key KPIsIndicator name Number of acquisitions / Value +10 projects year on year / Year on year against the same period last year +10 projects, Indicator name Number of projects started / Value up 6 deals year on year / Year on year against the same period last year +6 transactions, Indicator name Number of projects / Value 42 cases / Year on year against the same period last year Record-high level, Indicator name Rental properties under management and gas supply units / Value 8,542 units / Year on year against the same period last year Not disclosed, Indicator name Occupancy Rate / Value 97 % / Year on year against the same period last year Not disclosed, Indicator name Cumulative number of completed projects / Value 208 properties / Year on year against the same period last year Not disclosed, Indicator name Equity ratio / Value 33.2 % / Year on year against the same period last year +3pt
Number of stores and locationsTokyo branch opened on 24 September 2026. Number of stores/locations and store openings/closures: Not disclosed
Number of employeesNumber of Employees 194 people / As of End of September 2026 / Changes during the period and hiring plan Not disclosed
Medium-term management plan targetsTarget fiscal year FY2028 / Net Sales 36,000～40,000 / Operating profit ¥4,500 million / Ordinary income ¥4,300 million / Net income for the current fiscal year ¥2,800 million
New initiativesOpening of the Tokyo branch and business expansion in Tokyo's 23 wards, Opening of Minn Naha Miebashi, the first hotel project, Second hotel project in Haruyoshi, Fukuoka, Appointment of Koizumi Kotaro (小泉孝太郎) as brand partner, Introduction of a Shareholder Benefit Program, Strengthening landowner projects
Items this document does not state (14)
Gross Profit MarginOperating profit marginResults for the three months of the current quarterUnit price and quantity metricsAssumptions Underlying the Business OutlookRisk amount incorporated into the outlookFinancial targetsAnnual DividendPayout ratioAcquisition of treasury sharesCapital expendituresOrders received and order backlogMarket Size / ShareKey points of the Q&A

These are items the company does not state in this document. We do not leave them blank, nor fill them in from other sources or by inference.

The reasons the company gives

The company's own explanation, not something inferred from the numbers.

Revenue increased due to the sale of 4 GLC development projects, as well as an increase in the number of properties under management following the completion of 6 projects. The decline in profit was attributable to higher SG&A expenses aimed at expanding the business scale and the impact of profit margins on certain large-scale projects, both of which were within the assumptions of the initial plan for the fiscal year.

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Earnings Presentation Materials for the Third Quarter of the Fiscal Year Ending December 2026 | GLC GROUP,INC. (2970) timely disclosure | Komori