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Financial Results Presentation3482Loadstar Capital K.K.Real Estate

Financial Results Presentation for the Second Quarter of the Fiscal Year Ending December 2026

In the second quarter of the fiscal year ending December 2026, revenue and profit increased, driven by the sale of large office buildings and higher rents. Progress against the full-year plan was also broadly at the halfway point. The balance of real estate for sale increased as a result of property acquisitions, mainly of offices in central Tokyo.

Worth reading
67In focus
0–100. This measures how worthwhile something is to read, not how good or bad the company is.
Direction
Improvement
Direction inferred from the company’s description.
Scale
36
Year-on-year revenue growth (%)
Wording
Definitive
How definitive the wording is.

Contents of this document

Financial Results PresentationSecond quarter of the fiscal year ending December 202614 items taken from the company’s own explanation
Financial Results Figures (The key points of this material are explained below)
Net Sales28,293 Millions of yen+136.0%
Operating profit7,887 Millions of yen+104.5%
Ordinary income6,777 Millions of yen+102.2%
Net income4,589 Millions of yen+101.3%
Gross Profit Margin32.8 %
Operating profit margin27.9 %
Selling, general and administrative expenses1,397 Millions of yen
Full-year earnings forecast
Net Sales
56,150 Millions of yen
Gross profit
18,843 Millions of yen
Selling, general and administrative expenses
2,867 Millions of yen
Operating profit
15,976 Millions of yen
Profit before tax
13,538 Millions of yen
Net income for the current fiscal year
9,178 Millions of yen
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 Sales50.4 %
Gross profit49.3 %
Selling, general and administrative expenses48.7 %
Operating profit49.4 %
Profit before tax50.1 %
Net income for the current fiscal year50 %
What the company explained in this material
Self-assessment against the planThe company's self-assessment against its own plan.
Both revenue and expenses are progressing as planned / The current-year plan is also progressing as scheduled
Assumptions Underlying the Business OutlookThe assumptions used by the company in preparing its forecast.
  • Possibility of further interest-rate increases
  • Rents are expected to rise by more than the increase in interest rates
  • The real estate market is expected to remain firm
New initiatives
  • Acquired M's Cross Ningyocho from Mitsubishi Estate
  • Implemented a free allotment of 0.2 shares per share
  • OwnersBook+ launched a new offering in July 2026
  • Launched the first real estate STO project and plans to proceed with the second project
  • Plans to introduce restricted stock-based compensation for executive officers
Key KPIsA metric the company considers important as a management benchmark.
  • Properties for sale98,681 Millions of yen
    Year on year against the same period last year106.6% versus the end of the previous fiscal year
  • ROE27.7 %
    Year on year against the same period last year27.7% in 2025
  • AUM1,400 over ¥ hundred million
    Year on year against the same period last yearUp 36% year on year (AUM recovered to over ¥140 billion)
  • Operating loans related to OwnersBook115 Hundreds of millions of yen
    Year on year against the same period last yearUp 25% versus the end of the previous fiscal year
  • Annual investment amount144 Hundreds of millions of yen
Unit price and quantity metricsThese figures show sales broken down by price and volume.
The policy of improving room occupancy and room rates is stated, but the figures for the current period are not disclosed
Segment results
  • Corporate Funding Business (real estate investment)
    Net Sales23,460
  • Corporate Funding Business (real estate leasing)
    Net Sales1,826
  • Corporate Funding Business (hotel operations)
    Net Sales2,103
  • Asset Management Business
    Net Sales450
  • Crowdfunding Business
    Net Sales441
Medium-term management plan targets
Target fiscal year2027
Net Sales600
Revenue unitHundreds of millions of yen
Profit before tax167
Profit before tax unitHundreds of millions of yen
ROE25% or higher
Payout ratio18% or more
Real estate book balance1,500
Real estate book balance unitHundreds of millions of yen
AUM3,000
AUM unitHundreds of millions of yen
OwnersBook investment amount200
OwnersBook investment amount unitHundreds of millions of yen
Financial targets
ROE25% or higher in 2027
Equity ratioTargeting 25%–30%
Actual results
ROE27.7 %
Equity ratio27.1 %
Market Size / Share
  • Tokyo office market size: approximately ¥70.2 trillion
  • Annual investment in domestic real estate: over ¥6 trillion (2025)
  • Share of investment in central Tokyo in the first quarter of 2026: 46%
  • Share of office investment during the same period: 48%
  • Share of overseas investment during the same period: 32%
Number of employees
Number of Employees66 people
Annual Dividend
Annual dividend amount¥98 per share
Payout ratio
18
Acquisition of treasury shares
The company may conduct share buybacks based on a comprehensive assessment of share-price trends, economic conditions and other factors. The buyback limit, number of shares and period are not disclosed
Payout ratio unit
% or higher as a guideline
Contents of this document
ItemDetails
Document typeFinancial Results Presentation
Fiscal Period CoveredSecond quarter of the fiscal year ending December 2026
Net Sales28,293 Millions of yen (YoY +136.0%)
Operating profit7,887 Millions of yen (YoY +104.5%)
Ordinary income6,777 Millions of yen (YoY +102.2%)
Net income4,589 Millions of yen (YoY +101.3%)
Gross Profit Margin32.8 %
Operating profit margin27.9 %
Selling, general and administrative expenses1,397 Millions of yen
Full-year earnings forecastNet Sales 56,150 Millions of yen / Gross profit 18,843 Millions of yen / Selling, general and administrative expenses 2,867 Millions of yen / Operating profit 15,976 Millions of yen / Profit before tax 13,538 Millions of yen / Net income for the current fiscal year 9,178 Millions of yen
Progress against full-year forecastNet Sales 50.4 % / Gross profit 49.3 % / Selling, general and administrative expenses 48.7 % / Operating profit 49.4 % / Profit before tax 50.1 % / Net income for the current fiscal year 50 %
Self-assessment against the planBoth revenue and expenses are progressing as planned / The current-year plan is also progressing as scheduled
Segment resultsSegment Corporate Funding Business (real estate investment) / Net Sales 23,460 Millions of yen / yoy_pct 144 Millions of yen, Segment Corporate Funding Business (real estate leasing) / Net Sales 1,826 Millions of yen / yoy_pct 110 Millions of yen, Segment Corporate Funding Business (hotel operations) / Net Sales 2,103 Millions of yen / yoy_pct 100 Millions of yen, Segment Asset Management Business / Net Sales 450 Millions of yen / yoy_pct 136 Millions of yen, Segment Crowdfunding Business / Net Sales 441 Millions of yen / yoy_pct 114 Millions of yen
Key KPIsIndicator name Properties for sale / Value 98,681 Millions of yen / Year on year against the same period last year 106.6% versus the end of the previous fiscal year, Indicator name ROE / Value 27.7 % / Year on year against the same period last year 27.7% in 2025, Indicator name AUM / Value 1,400 over ¥ hundred million / Year on year against the same period last year Up 36% year on year (AUM recovered to over ¥140 billion), Indicator name Operating loans related to OwnersBook / Value 115 Hundreds of millions of yen / Year on year against the same period last year Up 25% versus the end of the previous fiscal year, Indicator name Annual investment amount / Value 144 Hundreds of millions of yen / Year on year against the same period last year Not disclosed
Unit price and quantity metricsThe policy of improving room occupancy and room rates is stated, but the figures for the current period are not disclosed
Number of employeesNumber of Employees 66 people / Changes during the period and hiring plan Not disclosed
Assumptions Underlying the Business OutlookPossibility of further interest-rate increases, Rents are expected to rise by more than the increase in interest rates, The real estate market is expected to remain firm
Medium-term management plan targetsTarget fiscal year 2027 / Net Sales 600 / Revenue unit Hundreds of millions of yen / Profit before tax 167 / Profit before tax unit Hundreds of millions of yen / ROE 25% or higher / Payout ratio 18% or more / Real estate book balance 1,500 / Real estate book balance unit Hundreds of millions of yen / AUM 3,000 / AUM unit Hundreds of millions of yen / OwnersBook investment amount 200 / OwnersBook investment amount unit Hundreds of millions of yen
Financial targetsROE 25% or higher in 2027 / Equity ratio Targeting 25%–30% / Actual results ROE 27.7 % / Equity ratio 27.1 %
Annual DividendAnnual dividend amount ¥98 per share / Interim and Year-End Breakdown Not disclosed
Payout ratio18
Payout ratio unit% or higher as a guideline
Acquisition of treasury sharesThe company may conduct share buybacks based on a comprehensive assessment of share-price trends, economic conditions and other factors. The buyback limit, number of shares and period are not disclosed
Market Size / ShareTokyo office market size: approximately ¥70.2 trillion, Annual investment in domestic real estate: over ¥6 trillion (2025), Share of investment in central Tokyo in the first quarter of 2026: 46%, Share of office investment during the same period: 48%, Share of overseas investment during the same period: 32%
New initiativesAcquired M's Cross Ningyocho from Mitsubishi Estate, Implemented a free allotment of 0.2 shares per share, OwnersBook+ launched a new offering in July 2026, Launched the first real estate STO project and plans to proceed with the second project, Plans to introduce restricted stock-based compensation for executive officers
Items this document does not state (7)
Results for the three months of the current quarterBreakdown of Factors Affecting the ChangeNumber of stores and locationsRisk amount incorporated into the outlookCapital 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.

The sale of 2 large office buildings, higher rents driven by the return to offices and limited new supply, favorable real estate market conditions, and the accumulation of new AUM, among other factors.

How to read this page

This is not the documentKomori reads the disclosure the company filed and writes this summary. Figures are as stated by the company and are not audited.
Weight is not a verdictIt measures how much this changes what the company had already told the market. It is not a view on the shares.
Corrections happenIf the company reissues this disclosure, the page is rebuilt from the corrected version and the revision number moves up.
Financial Results Presentation for the Second Quarter of the Fiscal Year Ending December 2026 | Loadstar Capital K.K. (3482) timely disclosure | Komori