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Earnings presentation3491GAtechnologies Co.,Ltd.Real estate

Financial Results Presentation for the Third Quarter of the Fiscal Year Ending October 2026

In the third quarter, net revenue and business profit exceeded the year-earlier levels, while profit margins declined due to approximately ¥500 million in mass marketing expenses. The full-year business profit target of ¥10 billion remains unchanged, and the company considers progress to be in line with plan.

Worth reading
60In 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
13.016
¥ million
Wording
Conditional
How definitive the wording is.

Contents of this document

Earnings presentationThird quarter of the fiscal year ending October 20268 items taken from the company’s own explanation
Financial Results Figures (The key points of this material are explained below)
Net Sales¥13,016 million +23.5%net revenue
Operating profit margin14.3 % core business profit margin
Selling, general and administrative expenses¥10,616 million third quarter of the fiscal year ending October 2026
Results for the three months of the current quarter
Net revenue
¥13,016 million
Business profit
¥1,859 million
Full-year earnings forecast
Consolidated
Net revenue
¥55,900 million
Business profit
¥10,000 million
RENOSY Domestic Marketplace
Net revenue
¥37,200 million
Business profit
¥13,800 million
RENOSY Domestic Subscription
Net revenue
¥4,000 million
Business profit
¥2,000 million
ITANDI Recurring
Net revenue
¥8,400 million
Business profit
¥1,460 million
US Marketplace
Net revenue
¥6,200 million
Business profit
¥700 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 revenue69 %
Business profit57 %
Business profit (after adjusting for mass marketing expenses, etc.)74 %
What the company explained in this material
Self-assessment against the planThe company's self-assessment against its own plan.
Progressing as planned against full-year results
Breakdown of Factors Affecting the ChangeReasons cited by the Company for the change in the figures.
  • Mass marketing expensesApproximately ¥500 million
    DirectionProfit decline
  • Business integration with SPC証券グループ
    DirectionDrivers of higher revenue and profit in the asset management business
  • Expansion of the recurring revenue base from subscriptions
    DirectionDriver of higher revenue and profit
New initiatives
  • Mass marketing initiatives of approximately ¥500 million
  • The disclosure framework for earnings materials was revamped around KPIs linked to growth drivers, with detailed data consolidated in the Factbook.
  • Strengthening RENOSY's asset management capabilities through business integration with SPC証券グループ
Key KPIsA metric the company considers important as a management benchmark.
  • Number of RENOSY members67.7 10,000 people
    Year on year against the same period last year+16%
  • Property pipeline¥5 trillion
    Year on year against the same period last year+¥1.1 trillion
  • Number of closed transactions (based on the most recent 12 months)8.2 thousand cases
    Year on year against the same period last year+874 transactions
  • Rate of rent increases achieved upon tenant turnoverMore than 90%
  • Matching days4 days
  • CCC16 days
  • turns22 Times
Unit price and quantity metricsThese figures show sales broken down by price and volume.
The revenue structure is described as the number of closed transactions × average price per transaction, the number of subscription contracts × management fee, and the number of accounts under management × AM fee. Actual figures for individual contract volumes and unit prices are Not disclosed.
Segment results
  • RENOSY Domestic and Marketplace
    Net revenue7,875
    Business profit2,393
    Year on year against the same period last yearNet revenue +10.4%, business profit down
  • RENOSY Domestic and Subscription (Recurring)
    Net revenue1,132
    Business profit574
    Year on year against the same period last yearNet revenue +17.7%, business profit +28.1%
  • RENOSY Japan and Asset Management (recurring)
    Net revenue121
    Business profit68
    Year on year against the same period last yearNo year-earlier figure disclosed
  • ITANDI Recurring
    Net revenue1,952
    Business profit440
    Year on year against the same period last yearNet revenue +23.7%, business profit +26.6%
  • US Marketplace
    Net revenue1,520
    Business profit169
    Year on year against the same period last yearNet revenue +160.8%, compared with a business loss of ¥188 million in the year-earlier period
  • Other
    Net revenue569
    Business profit410
    Year on year against the same period last yearNet revenue +89.1%, business profit +166.4%
Medium-term management plan targets
FY26 (fiscal year ending October 2026) is designated as the final year of the medium-term management plan, with full-year targets including consolidated business profit of ¥10 billion.
Market Size / Share
The materials list matching days of 80, CCC of 365 days and turnover of 1 cycle for domestic real estate comparables, and matching days of 44 days, CCC of 144 days and turnover of 3 cycles for overseas comparables.
Contents of this document
ItemDetails
Document typeEarnings presentation
Fiscal Period CoveredThird quarter of the fiscal year ending October 2026
Net Sales¥13,016 million (net revenue) (YoY +23.5%)
Operating profit margin14.3 % (core business profit margin)
Selling, general and administrative expenses¥10,616 million (third quarter of the fiscal year ending October 2026)
Results for the three months of the current quarterNet revenue ¥13,016 million / Business profit ¥1,859 million
Full-year earnings forecastConsolidated Net revenue ¥55,900 million / Business profit ¥10,000 million / RENOSY Domestic Marketplace Net revenue ¥37,200 million / Business profit ¥13,800 million / RENOSY Domestic Subscription Net revenue ¥4,000 million / Business profit ¥2,000 million / ITANDI Recurring Net revenue ¥8,400 million / Business profit ¥1,460 million / US Marketplace Net revenue ¥6,200 million / Business profit ¥700 million
Progress against full-year forecastNet revenue 69 % / Business profit 57 % / Business profit (after adjusting for mass marketing expenses, etc.) 74 %
Self-assessment against the planProgressing as planned against full-year results
Segment resultsSegment RENOSY Domestic and Marketplace / Net revenue 7,875 / Business profit 2,393 / Year on year against the same period last year Net revenue +10.4%, business profit down, Segment RENOSY Domestic and Subscription (Recurring) / Net revenue 1,132 / Business profit 574 / Year on year against the same period last year Net revenue +17.7%, business profit +28.1%, Segment RENOSY Japan and Asset Management (recurring) / Net revenue 121 / Business profit 68 / Year on year against the same period last year No year-earlier figure disclosed, Segment ITANDI Recurring / Net revenue 1,952 / Business profit 440 / Year on year against the same period last year Net revenue +23.7%, business profit +26.6%, Segment US Marketplace / Net revenue 1,520 / Business profit 169 / Year on year against the same period last year Net revenue +160.8%, compared with a business loss of ¥188 million in the year-earlier period, Segment Other / Net revenue 569 / Business profit 410 / Year on year against the same period last year Net revenue +89.1%, business profit +166.4%
Breakdown of Factors Affecting the ChangeFactors Mass marketing expenses / Amount Approximately ¥500 million / Direction Profit decline, Factors Business integration with SPC証券グループ / Amount Not disclosed / Direction Drivers of higher revenue and profit in the asset management business, Factors Expansion of the recurring revenue base from subscriptions / Amount Not disclosed / Direction Driver of higher revenue and profit
Key KPIsIndicator name Number of RENOSY members / Value 67.7 10,000 people / Year on year against the same period last year +16%, Indicator name Property pipeline / Value ¥5 trillion / Year on year against the same period last year +¥1.1 trillion, Indicator name Number of closed transactions (based on the most recent 12 months) / Value 8.2 thousand cases / Year on year against the same period last year +874 transactions, Indicator name Rate of rent increases achieved upon tenant turnover / Value More than 90% / Year on year against the same period last year Not disclosed, Indicator name Matching days / Value 4 days / Year on year against the same period last year Not disclosed, Indicator name CCC / Value 16 days / Year on year against the same period last year Not disclosed, Indicator name turns / Value 22 Times / Year on year against the same period last year Not disclosed
Unit price and quantity metricsThe revenue structure is described as the number of closed transactions × average price per transaction, the number of subscription contracts × management fee, and the number of accounts under management × AM fee. Actual figures for individual contract volumes and unit prices are Not disclosed.
Medium-term management plan targetsFY26 (fiscal year ending October 2026) is designated as the final year of the medium-term management plan, with full-year targets including consolidated business profit of ¥10 billion.
Market Size / ShareThe materials list matching days of 80, CCC of 365 days and turnover of 1 cycle for domestic real estate comparables, and matching days of 44 days, CCC of 144 days and turnover of 3 cycles for overseas comparables.
New initiativesMass marketing initiatives of approximately ¥500 million, The disclosure framework for earnings materials was revamped around KPIs linked to growth drivers, with detailed data consolidated in the Factbook., Strengthening RENOSY's asset management capabilities through business integration with SPC証券グループ
Items this document does not state (15)
Operating profitOrdinary incomeNet incomeGross Profit MarginNumber of stores and locationsNumber of employeesAssumptions Underlying the Business OutlookRisk amount incorporated into the outlookFinancial targetsAnnual DividendPayout 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.

The reasons the company gives

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

Net revenue continued to achieve strong growth, with RENOSY's subscription business, ITANDI and the US business contributing to higher revenue and profit. However, profit growth and margins were temporarily restrained by approximately ¥500 million in mass marketing initiatives.

How to read this page

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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 Third Quarter of the Fiscal Year Ending October 2026 | GAtechnologies Co.,Ltd. (3491) timely disclosure | Komori