Komori
Earnings presentation5532REALGATE INC.Real Estate

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

For the fiscal year ended September 2026, revenue and profit increased as a result of high occupancy at properties and the accumulation of owned and master-leased properties, while operating profit exceeded the full-year plan. The company outlined plans to increase the number of high-profit owned properties and target operating profit growth of more than 40% from the fiscal year ending September 2027 onward.

Worth reading
64In 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
493
¥ million (year-on-year increase in operating income)
Wording
Definitive
How definitive the wording is.

Contents of this document

Earnings presentationFiscal year ending September 2026, full year9 items taken from the company’s own explanation
Financial Results Figures (The key points of this material are explained below)
Net Sales¥10,877 million+11.1%
Operating profit¥1,536 million+47.3%
Net income¥741 million+32.6%
Operating profit margin14.1
Results for the three months of the current quarter
Net Sales
¥3,168 million
Operating profit
¥376 million
Full-year earnings forecast
Net Sales
¥13,500 million
Operating profit
¥2,160 million
Net income
¥1,000 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。
Plan for the fiscal year ending September 2027Revenue: approximately 14%; operating profit: approximately 6% (expected progress against the plan as of the first quarter)
What the company explained in this material
Self-assessment against the planThe company's self-assessment against its own plan.
Ahead of plan
Breakdown of Factors Affecting the ChangeReasons cited by the Company for the change in the figures.
  • Gross profit from recurring revenue
  • Fixed Costs
  • Flow gross profit
  • Upfront Investment
  • Year-on-year increase in operating income¥493 million
Assumptions Underlying the Business OutlookThe assumptions used by the company in preparing its forecast.
  • Utilization rateAround 98%
  • Rent increases5–10% annually
  • Higher interest rates50 bp interest-rate increase
  • New property acquisitionsApproximately 8 properties
New initiatives
  • Joint acquisition and redevelopment of medium- to large-scale older properties by HistoRy, a joint venture with HULIC
  • Hotel Business Expansion
  • Development of urban shopping malls
  • New businesses, including fund formation and long-term ownership and high-turnover models
Key KPIsA metric the company considers important as a management benchmark.
  • Projects acquired77 Engagements
    Year on year against the same period last year75 properties at the end of the previous fiscal year
  • Properties under management69 Engagements
    Year on year against the same period last year65 properties at the end of the previous fiscal year
  • Managed floor area113,191 ㎡
    Year on year against the same period last year104,253 m² at the end of the previous fiscal year
  • Utilization rate99.08 %
  • Number of owned properties16 Engagements
    Year on year against the same period last year7 properties acquired, 2 properties sold
Unit price and quantity metricsThese figures show sales broken down by price and volume.
  • Average rent for existing properties25,611–28,133 per month
  • Utilization rate99.08 %
Medium-term management plan targets
  • Fiscal yearFiscal year ending September 2029
    Operating profit
    ¥4,250 million
    Operating profit margin
    19.8 %
  • Fiscal yearFiscal year ending September 2030
    Operating profitTargeting ¥5 billion plus additional upside one year ahead of schedule
Financial targets
Equity ratio
Actual results22.4 %
Number of employees
106 people
As ofEnd-September 2026
Contents of this document
ItemDetails
Document typeEarnings presentation
Fiscal Period CoveredFiscal year ending September 2026, full year
Net Sales¥10,877 million (YoY +11.1%)
Operating profit¥1,536 million (YoY +47.3%)
Net income¥741 million (YoY +32.6%)
Operating profit margin14.1
Results for the three months of the current quarterNet Sales ¥3,168 million / Operating profit ¥376 million
Full-year earnings forecastNet Sales ¥13,500 million / Operating profit ¥2,160 million / Net income ¥1,000 million
Progress against full-year forecastPlan for the fiscal year ending September 2027 Revenue: approximately 14%; operating profit: approximately 6% (expected progress against the plan as of the first quarter)
Self-assessment against the planAhead of plan
Breakdown of Factors Affecting the ChangeFactors Gross profit from recurring revenue / Amount Not disclosed, Factors Fixed Costs / Amount Not disclosed, Factors Flow gross profit / Amount Not disclosed, Factors Upfront Investment / Amount Not disclosed, Factors Year-on-year increase in operating income / Amount ¥493 million
Key KPIsProjects acquired 77 Engagements, Properties under management 69 Engagements, Managed floor area 113,191 ㎡, Utilization rate 99.08 %, Number of owned properties 16 Engagements
Unit price and quantity metricsAverage rent for existing properties 25,611–28,133 per month, Utilization rate 99.08 %
Number of employees106 people
Assumptions Underlying the Business OutlookUtilization rate Around 98%, Rent increases 5–10% annually, Higher interest rates 50 bp interest-rate increase, New property acquisitions Approximately 8 properties
Medium-term management plan targetsFiscal year Fiscal year ending September 2029 / Operating profit ¥4,250 million / Operating profit margin 19.8 %, Fiscal year Fiscal year ending September 2030 / Operating profit Targeting ¥5 billion plus additional upside one year ahead of schedule
Financial targetsEquity ratio Actual results 22.4 %
New initiativesJoint acquisition and redevelopment of medium- to large-scale older properties by HistoRy, a joint venture with HULIC, Hotel Business Expansion, Development of urban shopping malls, New businesses, including fund formation and long-term ownership and high-turnover models
Items this document does not state (13)
Ordinary incomeGross Profit MarginSelling, general and administrative expensesSegment resultsNumber of stores and locationsRisk amount incorporated into the outlookAnnual 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.

This was due to steady performance in recurring revenue against a backdrop of high occupancy at existing properties, the completion of construction and handover for 2 properties and the sale of 2 properties, and the acquisition of 10 new properties, mainly owned and master-leased properties.

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.
Full-Year Financial Results Presentation for the Fiscal Year Ending September 2026 | REALGATE INC. (5532) timely disclosure | Komori