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Financial results presentation2998CREAL Inc.Real Estate

Full-Year Financial Results Presentation for the Fiscal Year Ending March 2026

For the fiscal year ended March 2026, gross profit, operating profit, ordinary profit and net income all significantly exceeded the prior-year period, as well as the full-year earnings forecast. GMV, however, fell short of plan, and CREAL PRO gross profit was below both the prior-year period and budget.

Worth reading
49Recurring
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
149.2
Year-on-year change in operating profit (%)
Wording
Conditional
How definitive the wording is.

Contents of this document

Financial results presentationFiscal year ending March 2026, full year10 items taken from the company’s own explanation
Financial Results Figures (The key points of this material are explained below)
Operating profit¥2,941 million+149.2%
Ordinary income¥2,780 million+151.9%
Net income¥1,940 million+143.7%
Selling, general and administrative expenses¥4,857 million
Full-year earnings forecast
Gross profit
¥8,890 million
CREAL gross profit
¥3,370 million
CREAL PRO gross profit
¥3,530 million
CREAL PB gross profit
¥1,040 million
Other gross profit
¥950 million
Selling, general and administrative expenses
¥5,600 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。
Gross profit105.3%
Operating profit110.5%
Ordinary income111.2%
Net income107.8%
Number of new investors118.6%
GMV78.5%
CREAL gross profit146.5%
CREAL PRO gross profit62.1%
CREAL PB gross profit104.7%
Other gross profit116.0%
What the company explained in this material
Self-assessment against the planThe company's self-assessment against its own plan.
Actual results exceeded the earnings forecast. GMV fell short of plan, and CREAL PRO fell short of budget.
Assumptions Underlying the Business OutlookThe assumptions used by the company in preparing its forecast.
  • Accelerate fund formation under the Type 3 and Type 4 schemes of the Act on Specified Joint Real Estate Ventures
  • Aim to launch the ST scheme from the second half of the fiscal year ending March 2027
  • Form apartment hotel development funds through CREAL PRO
  • Increase the number of offerings sold through CREAL PB
New initiatives
  • Launch the Type 3 and Type 4 schemes of the Act on Specified Joint Real Estate Ventures
  • Prepare to enter the real estate security token market
  • Develop AI-based underwriting for real estate acquisitions
  • Develop AI-based hotel revenue management
  • Launch the new apartment hotel brand “VAYS”
  • Expand the hotel operations pipeline
  • Raise approximately ¥4.3 billion through a third-party allotment to 5 companies and strengthen the partnership with SBI Holdings
  • Share Repurchases
Key KPIsA metric the company considers important as a management benchmark.
  • Number of new investors41,522 people
    Year on year against the same period last year125.1%
  • GMV¥313.9 100 million
    Year on year against the same period last year122.2%
  • Cumulative number of investors138,587 people
    Year on year against the same period last year+42.8%
  • Cumulative GMV¥1,047 100 million
    Year on year against the same period last year+42.8%
  • Repeat investment rate90.4 %
  • RevPAR from AI-driven sales relative to human sales109 %
  • Percentage of AI-based pricing20 %
  • Number of social media followers150,000 people
Segment results
  • CREAL
    Gross profit¥4,396 million
    Year on year against the same period last year198.1%
  • CREAL PRO
    Gross profit¥1,864 million
    Year on year against the same period last year74.8%
  • CREAL PB
    Gross profit¥900 million
    Year on year against the same period last year125.3%
  • Other
    Gross profit¥638 million
    Year on year against the same period last year270.3%
  • Consolidated
    Gross profit¥7,799 million
    Year on year against the same period last year137.6%
Financial targets
Equity ratio: 25.5% as of March 2026, compared with 10.2% as of June 2025
Market Size / Share
  • Real estate crowdfunding market size1,700 over ¥100 million
    As ofFY2024
  • Real estate security token market size2,900 over ¥100 million
    As of2025
  • Real estate market size¥352 trillion
    As of2025
  • Equity market capitalization¥1,213 trillion
    As ofEnd of March 2026
Annual Dividend
¥8 per share
Acquisition of treasury shares
Repurchase authorization amount410,000,000
Amount unit¥
Maximum number of shares to be acquired410,000
Share unitShares
Period18 May 2026–25 June 2026
Gross profit
¥7,799 million+137.6%
Contents of this document
ItemDetails
Document typeFinancial results presentation
Fiscal Period CoveredFiscal year ending March 2026, full year
Operating profit¥2,941 million (YoY +149.2%)
Ordinary income¥2,780 million (YoY +151.9%)
Net income¥1,940 million (YoY +143.7%)
Gross profit¥7,799 million (YoY +137.6%)
Selling, general and administrative expenses¥4,857 million
Full-year earnings forecastGross profit ¥8,890 million / Operating profit Not disclosed / Ordinary income Not disclosed / Net income Not disclosed / CREAL gross profit ¥3,370 million / CREAL PRO gross profit ¥3,530 million / CREAL PB gross profit ¥1,040 million / Other gross profit ¥950 million / Selling, general and administrative expenses ¥5,600 million
Progress against full-year forecastGross profit 105.3% / Operating profit 110.5% / Ordinary income 111.2% / Net income 107.8% / Number of new investors 118.6% / GMV 78.5% / CREAL gross profit 146.5% / CREAL PRO gross profit 62.1% / CREAL PB gross profit 104.7% / Other gross profit 116.0%
Self-assessment against the planActual results exceeded the earnings forecast. GMV fell short of plan, and CREAL PRO fell short of budget.
Segment resultsSegment CREAL / Gross profit ¥4,396 million / Year on year against the same period last year 198.1%, Segment CREAL PRO / Gross profit ¥1,864 million / Year on year against the same period last year 74.8%, Segment CREAL PB / Gross profit ¥900 million / Year on year against the same period last year 125.3%, Segment Other / Gross profit ¥638 million / Year on year against the same period last year 270.3%, Segment Consolidated / Gross profit ¥7,799 million / Year on year against the same period last year 137.6%
Key KPIs41,522 people, ¥313.9 100 million, 138,587 people, ¥1,047 100 million, 90.4 %, 109 %, 20 %, 150,000 people
Assumptions Underlying the Business OutlookAccelerate fund formation under the Type 3 and Type 4 schemes of the Act on Specified Joint Real Estate Ventures, Aim to launch the ST scheme from the second half of the fiscal year ending March 2027, Form apartment hotel development funds through CREAL PRO, Increase the number of offerings sold through CREAL PB
Financial targetsEquity ratio: 25.5% as of March 2026, compared with 10.2% as of June 2025
Annual Dividend¥8 per share
Acquisition of treasury sharesRepurchase authorization amount 410,000,000 / Amount unit ¥ / Maximum number of shares to be acquired 410,000 / Share unit Shares / Period 18 May 2026–25 June 2026
Market Size / ShareReal estate crowdfunding market size 1,700 over ¥100 million, Real estate security token market size 2,900 over ¥100 million, Real estate market size ¥352 trillion, Equity market capitalization ¥1,213 trillion
New initiativesLaunch the Type 3 and Type 4 schemes of the Act on Specified Joint Real Estate Ventures, Prepare to enter the real estate security token market, Develop AI-based underwriting for real estate acquisitions, Develop AI-based hotel revenue management, Launch the new apartment hotel brand “VAYS”, Expand the hotel operations pipeline, Raise approximately ¥4.3 billion through a third-party allotment to 5 companies and strengthen the partnership with SBI Holdings, Share Repurchases
Items this document does not state (13)
Net SalesOperating profit marginResults for the three months of the current quarterBreakdown of Factors Affecting the ChangeUnit price and quantity metricsNumber of stores and locationsNumber of employeesRisk amount incorporated into the outlookMedium-term management plan targetsPayout ratioCapital expendituresOrders received and order backlogKey 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.

Profit growth was driven by the recognition of acquisition and in-period fees under the Type 3 and Type 4 schemes of the Act on Specified Joint Real Estate Ventures in the core CREAL business, as well as profit contributions from property sales under the Type 1 and Type 2 schemes. CREAL PRO reported lower profit year on year and fell short of budget because some pipeline projects shifted into a later period.

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Full-Year Financial Results Presentation for the Fiscal Year Ending March 2026 | CREAL Inc. (2998) timely disclosure | Komori