Company: Loadstar Capital K.K.
(Code: 3482 Tokyo Stock Exchange Prime Market）
Presentation Materials for Earnings Briefing FY2026Q1
1. Consolidated Statements of Income
|
Item |
FY2026 Q1 Results (Billions of yen) |
% of Net Sales |
% Y-o-Y |
% of Forecast |
|---|
|
Net Sales |
18.2 |
100.0% |
165.2% |
32.5% |
|
Gross Profit |
6.8 |
37.3% |
111.2% |
36.1% |
|
SG&A expenses |
0.6 |
3.8% |
121.2% |
24.0% |
|
Operating Profit |
6.1 |
33.5% |
110.2% |
38.3% |
|
Profit before income taxes |
5.6 |
30.7% |
107.3% |
41.4% |
|
Profit attributable to owners of the parent |
3.8 |
21.0% |
106.8% |
41.7% |
2. Consolidated Balance Sheet
|
Item |
Q1 FY2026 (Billions of yen) |
% of Total Asset |
% vs. Dec 31, 2025 |
FY2025 (Billions of yen) |
|---|
|
Current assets |
127.8 |
97.5% |
105.7% |
120.9 |
|
Cash and deposits |
13.2 |
10.1% |
91.0% |
14.5 |
|
Operating loans |
12.6 |
9.6% |
136.2% |
9.2 |
|
Real estate as inventory |
99.1 |
75.6% |
107.1% |
92.5 |
|
Liabilities |
95.7 |
73.0% |
105.0% |
91.1 |
|
Deposits from tokumei kumiai (silent partnerships) |
12.5 |
9.5% |
112.3% |
11.1 |
|
Net Assets |
35.4 |
27.0% |
107.5% |
32.9 |
|
Total assets |
131.1 |
100.0% |
105.7% |
124.0 |
3. Topics of Q1
- Sale of a Large Office Building
We sold “Grace Kojimachi”, the large-scale office building that was acquired in spring 2023. At the time of acquisition, the office market was weak and interest rates were rising in Europe and the US, so investment demand for offices was limited. However, over the past three years, the market has recovered steadily, and we were ultimately able to generate significant profit by selling it to an educational institution.
- Acquisition of multiple properties including large-scale office buildings in central Tokyo
Acquired "GINZA PREX East," the largest-scale office building acquired by Loadstar’s Corporate Funding Business to date. In the midst of inflationary trends and soaring material prices, the acquisition of this centrally-located and relatively new office building contributes to enhancing the Company's competitiveness.
In addition, properties were also acquired in Shibuya Ward and Chuo Ward.
- Other (Corporate Initiatives)
Stock options were issued to officers and employees as an incentive for business expansion, maximization of corporate value, and stock price appreciation. Furthermore, efforts to increase corporate value have progressed, as evidenced by the selection for inclusion in the 'JPX Startup 100 Index'.
4. Real Estate Market Outlook
- Office supply and demand is tightening, accelerating rent increases. Investor appetite remains strong, and the real estate market is expected to remain solid.
- While the interest rate outlook remains uncertain, a certain degree of rate hikes has already been factored into our plan. Interest rate swap contracts also hedge a certain portion of the interest rate risk.
- The impact of inflation has become apparent in the form of rising rents and property prices, positively affecting the business.
- Loadstar will continue to actively acquire properties, mainly offices, and build up AUM in the asset management business. In addition, the company plans to launch its first real estate STO deal this summer.
(For the complete Presentation Materials for Earnings Briefing , please refer to the PDF below.)
■Inquiries:
Investor Relations Department, Loadstar Capital K.K.
E-mail：ir@loadstarcapital.com