Komori
Financial Results Presentation8919KATITAS CO.,LTDReal Estate

Earnings Presentation Materials for the First Quarter of the Fiscal Year Ending March 2027 (49th Fiscal Year)

In the first quarter of the fiscal year ending March 2027, revenue and operating profit both exceeded the year-earlier period, driven by an increase in the number of properties sold and progress in delivering properties already under contract. Operating profit rose 28.4% year on year to a record high, and the company views this as a strong start toward achieving its full-year plan.

Worth reading
75Important
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
28.4
Year-on-year change in operating income (%)
Wording
Conditional
How definitive the wording is.

Contents of this document

Financial Results PresentationFirst quarter of the fiscal year ending March 202711 items taken from the company’s own explanation
Financial Results Figures (The key points of this material are explained below)
Net Sales43,961 Millions of yen+25.4%
Operating profit5,562 Millions of yen+28.4%
Ordinary income5,418 Millions of yen+29.0%
Net income3,678 Millions of yen+28.7%
Selling, general and administrative expenses4,762 Millions of yen
Gross Profit Margin
Rate23.5%
Year on year against the same period last year-0.5pt
Operating profit margin
Rate12.7%
Year on year against the same period last year+0.3pt
Results for the three months of the current quarter
Net Sales¥43,961 million
Number of sales2,381 properties
Gross profit¥10,325 million
Operating profit¥5,562 million
Ordinary income¥5,418 million
Profit attributable to owners of the parent¥3,678 million
Full-year earnings forecast
Net Sales
177,400 Millions of yen
Number of sales
9,700 Engagements
Gross profit
40,500 Millions of yen
Operating profit
21,000 Millions of yen
Ordinary income
20,000 Millions of yen
Profit attributable to owners of the parent
14,000 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 Sales24.8%
Number of sales24.5%
Gross profit25.5%
Operating profit26.5%
Ordinary income27.1%
Profit attributable to owners of the parent26.3%
What the company explained in this material
Self-assessment against the planThe company's self-assessment against its own plan.
Progress toward achieving the plan is slightly ahead of expectations and remains strong
Assumptions Underlying the Business OutlookThe assumptions used by the company in preparing its forecast.
  • Number of sales
    AssumptionsStrong demand is expected to continue, with sufficient inventory held at the beginning of the fiscal year
  • Selling price
    AssumptionsExpected to increase slightly
  • Gross profit per unit
    AssumptionsAssumed to remain flat from the fiscal year ended March 2026
  • Mortgage Interest Rates
    AssumptionsExpected to remain on an upward trend
New initiatives
  • A uniform ¥500,000 price increase effective 1 July 2026 for properties held by リプライス
  • Opening the Osaka office and opening small offices in Masuda and Nayoro
  • Preparing to open new offices in urban suburbs
  • Designation as a municipality-designated corporation for the management and utilization of vacant houses and other properties, and conclusion of agreements with municipalities
  • Property brokerage initiatives within the group
  • Reduce sales administration workload through the use of AI and automation
  • Establish an Organizational Strategy Promotion Office
Key KPIsA metric the company considers important as a management benchmark.
  • Number of sales2,381 Engagements
    Year on year against the same period last year+20.5%
  • Number of acquisitions2,722 Engagements
    Year on year against the same period last year+25.8%
  • ROE(LTM)26.6 %
    Year on year against the same period last year+2.7pt
  • Total properties held for sale88,592 Millions of yen
    Year on year against the same period last year+36.3%
  • Inventory turnover (LTM)1.61 times
    Year on year against the same period last year-0.14
Unit price and quantity metricsThese figures show sales broken down by price and volume.
  • Number of sales2,381 Engagements
    Year on year against the same period last year+20.5%
  • Gross profit per unit
Medium-term management plan targets
Target fiscal yearFiscal year ending March 2028
Number of homes soldMore than 10,000 properties
Operating profit¥23,000 million
ROEMaintain a minimum of 20% and target 25%
Payout ratioAt least 50.0% and progressive dividends
Financial targets
ROE targetMaintain a minimum of 20% and target 25%
Actual ROE26.6% (first quarter of the fiscal year ending March 2027)
Equity ratioNot disclosed as a target; actual ratio was 53.3% at the end of the fiscal year ended March 2026
Market Size / Share
  • Potential regional market size123,000 properties/year
  • Estimated market share of KATITAS on a standalone basisApproximately 5.2% of the estimated market size based on カチタス's properties sold in the fiscal year ended March 2026
  • Nationwide inventory of newly built detached housesYoY -5.2%
Number of employees
Number of EmployeesAs of 1 April 2026, the sales workforce comprised 713 at KATITAS and 126 at リプライス
Hiring planThe target for new graduate recruitment in April 2027 is 150 at KATITAS and 35 at リプライス
Annual Dividend
Annual dividend per share¥90.0 per share
Interim¥45.0
End of period¥45.0
Payout ratio
50.3% (forecast for the fiscal year ending March 2027)
Contents of this document
ItemDetails
Document typeFinancial Results Presentation
Fiscal Period CoveredFirst quarter of the fiscal year ending March 2027
Net Sales43,961 Millions of yen (YoY +25.4%)
Operating profit5,562 Millions of yen (YoY +28.4%)
Ordinary income5,418 Millions of yen (YoY +29.0%)
Net income3,678 Millions of yen (YoY +28.7%)
Gross Profit MarginRate 23.5% / Year on year against the same period last year -0.5pt
Operating profit marginRate 12.7% / Year on year against the same period last year +0.3pt
Selling, general and administrative expenses4,762 Millions of yen
Results for the three months of the current quarterNet Sales ¥43,961 million / Number of sales 2,381 properties / Gross profit ¥10,325 million / Operating profit ¥5,562 million / Ordinary income ¥5,418 million / Profit attributable to owners of the parent ¥3,678 million
Full-year earnings forecastNet Sales 177,400 Millions of yen / Number of sales 9,700 Engagements / Gross profit 40,500 Millions of yen / Operating profit 21,000 Millions of yen / Ordinary income 20,000 Millions of yen / Profit attributable to owners of the parent 14,000 Millions of yen
Progress against full-year forecastNet Sales 24.8% / Number of sales 24.5% / Gross profit 25.5% / Operating profit 26.5% / Ordinary income 27.1% / Profit attributable to owners of the parent 26.3%
Self-assessment against the planProgress toward achieving the plan is slightly ahead of expectations and remains strong
Key KPIsIndicator name Number of sales / Value 2,381 Engagements / Year on year against the same period last year +20.5%, Indicator name Number of acquisitions / Value 2,722 Engagements / Year on year against the same period last year +25.8%, Indicator name ROE(LTM) / Value 26.6 % / Year on year against the same period last year +2.7pt, Indicator name Total properties held for sale / Value 88,592 Millions of yen / Year on year against the same period last year +36.3%, Indicator name Inventory turnover (LTM) / Value 1.61 times / Year on year against the same period last year -0.14 times
Unit price and quantity metricsIndicator name Number of sales / Value 2,381 Engagements / Year on year against the same period last year +20.5%, Indicator name Gross profit per unit / Value Not disclosed / Year on year against the same period last year Not disclosed
Number of employeesNumber of Employees As of 1 April 2026, the sales workforce comprised 713 at KATITAS and 126 at リプライス / Change during the period Not disclosed / Hiring plan The target for new graduate recruitment in April 2027 is 150 at KATITAS and 35 at リプライス
Assumptions Underlying the Business OutlookItem Number of sales / Assumptions Strong demand is expected to continue, with sufficient inventory held at the beginning of the fiscal year, Item Selling price / Assumptions Expected to increase slightly, Item Gross profit per unit / Assumptions Assumed to remain flat from the fiscal year ended March 2026, Item Mortgage Interest Rates / Assumptions Expected to remain on an upward trend
Medium-term management plan targetsTarget fiscal year Fiscal year ending March 2028 / Number of homes sold More than 10,000 properties / Operating profit ¥23,000 million / ROE Maintain a minimum of 20% and target 25% / Payout ratio At least 50.0% and progressive dividends
Financial targetsROE target Maintain a minimum of 20% and target 25% / Actual ROE 26.6% (first quarter of the fiscal year ending March 2027) / Equity ratio Not disclosed as a target; actual ratio was 53.3% at the end of the fiscal year ended March 2026
Annual DividendAnnual dividend per share ¥90.0 per share / Interim ¥45.0 / End of period ¥45.0
Payout ratio50.3% (forecast for the fiscal year ending March 2027)
Market Size / ShareItem Potential regional market size / Value 123,000 properties/year, Item Estimated market share of KATITAS on a standalone basis / Value Approximately 5.2% of the estimated market size based on カチタス's properties sold in the fiscal year ended March 2026, Item Nationwide inventory of newly built detached houses / Value YoY -5.2%
New initiativesA uniform ¥500,000 price increase effective 1 July 2026 for properties held by リプライス, Opening the Osaka office and opening small offices in Masuda and Nayoro, Preparing to open new offices in urban suburbs, Designation as a municipality-designated corporation for the management and utilization of vacant houses and other properties, and conclusion of agreements with municipalities, Property brokerage initiatives within the group, Reduce sales administration workload through the use of AI and automation, Establish an Organizational Strategy Promotion Office
Items this document does not state (8)
Segment resultsBreakdown of Factors Affecting the ChangeNumber of stores and locationsRisk amount incorporated into the outlookAcquisition 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.

The increase in revenue was supported by sufficient inventory, solid customer inquiries, and progress in delivering properties that had been accumulating under contract since the end of the previous quarter. Operating profit benefited from the increase in properties sold and an improvement in gross profit per property, as long-term inventory was sold without price reductions. SG&A expenses increased due to a rise in the number of new graduates hired, higher profit-linked incentives, and a change to monthly recognition of human capital investments.

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Earnings Presentation Materials for the First Quarter of the Fiscal Year Ending March 2027 (49th Fiscal Year) | KATITAS CO.,LTD (8919) timely disclosure | Komori