Contents of this document
Earnings presentation materialsFY2027/3 Q29 items taken from the company’s own explanation
Financial Results Figures (The key points of this material are explained below)
Operating profit¥-420 million-56.5%
Ordinary income¥-580 million-81.8%
Net income¥-450 million-86.8%
Selling, general and administrative expenses¥2,514 million
Full-year earnings forecast
Gross profit
¥8,890 million
Selling, general and administrative expenses
¥5,600 million
Operating profit
¥3,290 million
Ordinary income
¥3,050 million
Net income
¥2,100 million
Dividend per share
¥8
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。
Consolidated gross profit23.6%
CREAL gross profit23.1%
CREAL PRO gross profit8.6%
CREAL PB gross profit50.2%
Other gross profit51.5%
Operating profit-12.8%
Ordinary income-19.1%
Net income for the current fiscal year-21.5%
Number of new investors28.7%
GMV18.5%
What the company explained in this material
Self-assessment against the planThe company's self-assessment against its own plan.
CREAL and CREAL PRO: below plan; CREAL PB: in line with plan; Other: above planAssumptions Underlying the Business OutlookThe assumptions used by the company in preparing its forecast.
First-half share of full-year gross profit33% (initial plan); 24% after reflecting actual results
Second-half share of full-year gross profit67% (initial plan); 76% after reflecting actual results
New initiatives
- A co-investment scheme with overseas investors through business partnerships with RealVantage and Q Investment Partners
- Launch of subscriptions for the first project with QIP, Osaka Midosuji Hotel
- Preparation to enter the real estate ST service CREAL ST (provisional name)
- Completion of the change registration for the securities subsidiary's Type I Financial Instruments Business
- Preparation for the opening of the new hotel brand VAYS
- Development of an AI-powered hotel revenue management system
Key KPIsA metric the company considers important as a management benchmark.
- GMV¥118.3 100 millionYear on year against the same period last year110.2%
- Number of new investors8,600 peopleYear on year against the same period last year41.4%
- Cumulative GMV¥1,165.4 100 millionYear on year against the same period last year+38.6%
- Cumulative number of investors147,187 peopleYear on year against the same period last year+24.9%
- Repeat investment rate77.4 %
- Number of CREAL projects formed3 postingsYear on year against the same period last yearDown from 5 projects
- Average fund size¥39.4 100 millionYear on year against the same period last yearUp from ¥2.15 billion
- Hotel rooms operated791 RoomsYear on year against the same period last yearUp from 273 rooms
- Number of social media followers26.1 10,000 people
Unit price and quantity metricsThese figures show sales broken down by price and volume.
Average fund size
¥39.4 100 million
Number of offerings
3 postings
GMV
¥118.3 100 million
Segment results
CREAL
Gross profit
¥777 million
Year on year against the same period last year-62.3%
CREAL PRO
Gross profit
¥305 million
Year on year against the same period last year+44.5%
CREAL PB
Gross profit
¥522 million
Year on year against the same period last year+26.7%
Other
Gross profit
¥489 million
Year on year against the same period last year+62.5%
Market Size / Share
Real estate crowdfunding marketFiscal 2025: ¥179.7 billion, 875 projects
Real estate security token market2025: ¥296.7 billion, 15 projects
Real estate crowdfunding market growth rateCAGR103%
Annual Dividend
Annual
¥8
Gross profit
¥2,094 million-29.8%
| Item | Details |
|---|---|
| Document type | Earnings presentation materials |
| Fiscal Period Covered | FY2027/3 Q2 |
| Operating profit | ¥-420 million (YoY -56.5%) |
| Ordinary income | ¥-580 million (YoY -81.8%) |
| Net income | ¥-450 million (YoY -86.8%) |
| Gross profit | ¥2,094 million (YoY -29.8%) |
| Selling, general and administrative expenses | ¥2,514 million |
| Full-year earnings forecast | Gross profit ¥8,890 million / Selling, general and administrative expenses ¥5,600 million / Operating profit ¥3,290 million / Ordinary income ¥3,050 million / Net income ¥2,100 million / Dividend per share ¥8 |
| Progress against full-year forecast | Consolidated gross profit 23.6% / CREAL gross profit 23.1% / CREAL PRO gross profit 8.6% / CREAL PB gross profit 50.2% / Other gross profit 51.5% / Operating profit -12.8% / Ordinary income -19.1% / Net income for the current fiscal year -21.5% / Number of new investors 28.7% / GMV 18.5% |
| Self-assessment against the plan | CREAL and CREAL PRO: below plan; CREAL PB: in line with plan; Other: above plan |
| Segment results | CREAL Gross profit ¥777 million / yoy_pct -62.3 / CREAL PRO Gross profit ¥305 million / yoy_pct 44.5 / CREAL PB Gross profit ¥522 million / yoy_pct 26.7 / Other Gross profit ¥489 million / yoy_pct 62.5 |
| Key KPIs | Indicator name GMV / Value ¥118.3 100 million / Year on year against the same period last year 110.2%, Indicator name Number of new investors / Value 8,600 people / Year on year against the same period last year 41.4%, Indicator name Cumulative GMV / Value ¥1,165.4 100 million / Year on year against the same period last year +38.6%, Indicator name Cumulative number of investors / Value 147,187 people / Year on year against the same period last year +24.9%, Indicator name Repeat investment rate / Value 77.4 % / Year on year against the same period last year Not disclosed, Indicator name Number of CREAL projects formed / Value 3 postings / Year on year against the same period last year Down from 5 projects, Indicator name Average fund size / Value ¥39.4 100 million / Year on year against the same period last year Up from ¥2.15 billion, Indicator name Hotel rooms operated / Value 791 Rooms / Year on year against the same period last year Up from 273 rooms, Indicator name Number of social media followers / Value 26.1 10,000 people / Year on year against the same period last year Not disclosed |
| Unit price and quantity metrics | Average fund size ¥39.4 100 million / Number of offerings 3 postings / GMV ¥118.3 100 million |
| Assumptions Underlying the Business Outlook | First-half share of full-year gross profit 33% (initial plan); 24% after reflecting actual results / Second-half share of full-year gross profit 67% (initial plan); 76% after reflecting actual results |
| Annual Dividend | Annual ¥8 / Interim Not disclosed / End of period Not disclosed |
| Market Size / Share | Real estate crowdfunding market Fiscal 2025: ¥179.7 billion, 875 projects / Real estate security token market 2025: ¥296.7 billion, 15 projects / Real estate crowdfunding market growth rate CAGR103% |
| New initiatives | A co-investment scheme with overseas investors through business partnerships with RealVantage and Q Investment Partners, Launch of subscriptions for the first project with QIP, Osaka Midosuji Hotel, Preparation to enter the real estate ST service CREAL ST (provisional name), Completion of the change registration for the securities subsidiary's Type I Financial Instruments Business, Preparation for the opening of the new hotel brand VAYS, Development of an AI-powered hotel revenue management system |
Items this document does not state (15)
Net SalesGross Profit MarginOperating profit marginResults for the three months of the current quarterBreakdown of Factors Affecting the ChangeNumber of stores and locationsNumber of employeesRisk amount incorporated into the outlookMedium-term management plan targetsFinancial targetsPayout ratioAcquisition of treasury sharesCapital 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.