KATITAS (8919) investor relations material

Executive summary

• Operating profit reached a record high, up 28.5% year-over-year, exceeding the upwardly revised plan by 2.7%.

• Net sales rose 17.2% year-over-year to ¥151,851 million, with strong growth in both properties sold and purchased.

• Profit attributable to owners of parent increased 30.6% year-over-year to ¥12,470 million.

• Number of homes sold increased 13.7% year-over-year to 8,380, driven by demand for affordable, high-quality refurbished housing.

• Special performance-linked bonuses totaling over ¥510 million were paid as part of human capital investment.

Financial highlights

• Gross profit rose 15.2% to ¥35,371 million; operating profit margin improved by 1.1pt to 12.0%.

• EPS increased 30.4% to ¥159.43; net assets per share reached ¥678.15.

• ROE (LTM) reached 25.2%, up 3.0pt year-over-year.

• Equity-to-asset ratio: 56.9% (up 2.0pt YoY); net assets rose to ¥53,059 million.

• Inventory real estates increased 32.0% to ¥81,203 million, supporting future growth.

Outlook and guidance

• FY2027 guidance: net sales ¥177,400 million (+16.8%), operating profit ¥21,000 million (+14.9%), profit attributable to owners of parent ¥14,000 million (+12.3%).

• Revised medium-term plan targets over 10,000 homes sold and operating profit of ¥23,000 million by FY2028.

• Dividend payout ratio to remain at 50% or more, with annual dividend forecast at ¥90 per share for FY2026.

• ROE target maintained at 20% or higher, aiming for 25%.