Meiwa Estate Co. Ltd. · TSE:8869
Meiwa Estate — FY03/26 Earnings Presentation
96 slides from Meiwa Estate's earnings presentation, May 14, 2026
Slide 1: Financial Results for FY03/26
MEIWA ESTATE Co., Ltd. (8869) Financial Results for FY03/26 May 14, 2026
Slide 2: 40th Anniversary Message
40th Anniversary Message 40th anniversary commemorative site* https://www.meiwajisyo.co.jp/clio/cp/clio_40th/ Copyright © MEIWA ESTATE Co., Ltd. All rights reserved. *Only in Japanese 1
Slide 3: Summary
Summary ◼ Consolidated financial results slightly exceeded the upward-revised forecast in FY03/26 ➢ Net sales: ¥90.1 billion (up ¥0.1 billion against the forecast) Operating profit: ¥7.7 billion (up ¥51 million against the forecast) Ordinary profit: ¥5.8 billion (up ¥91 million against the forecast)
Slide 4: Summary
Summary ◼ We are securing sales materials in the Residential Development and transforming the business portfolio toward the next Medium-term Management Plan period ➢ We expect sales materials in the Residential Development to be in the ¥40 billion range in FY03/27 and FY03/28, but we have secured sa
Slide 5: Table of Contents
Table of Contents ◼ Consolidated Financial Results FY03/26 ◼ Consolidated Financial Results Forecast FY03/27 ◼ Shareholder Returns ◼ Progress of the Strategy 2027 ◼ Residential Development Segment ◼ Real Estate Agency Segment ◼ Condominium Management Segment ◼ Fact Sheet Copyright © MEIWA ESTATE Co.
Slide 6: Consolidated Financial Results FY03/26
Consolidated Financial Results FY03/26
Slide 7: Consolidated Financial Results FY03/26
Consolidated Financial Results FY03/26 ◼ Net sales: ¥90.1 billion (up ¥10.2 billion YoY) Operating profit: ¥7.7 billion (up ¥2.5 billion YoY) Ordinary profit: ¥5.8 billion (up ¥2.1 billion YoY) Net Profit: ¥3.8 billion (up ¥0.9 billion YoY) ◼ Slightly exceeded the upward-revised forecast in FY03/26
Slide 8: Factors Behind Change in Net Sales by Segment
Factors Behind Change in Net Sales by Segment ◼ Increased sales in all three major segments of the Residential Development, Real Estate Agency, and Condominium Management Analysis of factors behind change in net sales Positive Negative (Millions of yen) change change Condominium Leasing and Manageme
Slide 9: Factors behind Change in Operating Profit by Segment
Factors behind Change in Operating Profit by Segment ◼ Profit increased in all three major segments of the Residential Development, Real Estate Agency, and Condominium Management Analysis of factors behind change in operating profit Positive change Negative change （Millions of yen） Real Estate Condo
Slide 10: Factors Behind Change in Operating Profit by Accounting Item
Factors Behind Change in Operating Profit by Accounting Item ◼ Increased due to a rise in gross profit Analysis of factors behind change in operating profit Positive change Negative change （Millions of yen） Increase in Increase in Gross profit SG&A 7,751 +2,609 -98 (+2,510) 5,240 Gross profit increa
Slide 11: Our Business Segments and Contents
[Ref.] Our Business Segments and Contents ◼ 5 Business Segments as follows Business Segments Business Contents Residential Development Segment Develop new condominiums Brokerage, Purchase and Resale, Real Estate Agency Segment Renovation, Wealth Solutions Condominium Management Management of condomi
Slide 12: Composition of Net Sales
Composition of Net Sales Composition of net sales (Millions of yen) Leasing and Leasing and Related Related 681 661 (0.9%) Others (0.7%) Others Condominium 131 Condominium 130 Management (0.2%) Management (0.1%) 6,030 6,656 (7.5%) (7.4%) Real Estate Agency Real Estate Agency 20,542 FY03/25 27,464 FY
Slide 13: Composition of Segment Profit
Composition of Segment Profit Composition of segment profit （Millions of yen） FY03/25 FY03/26 Change Segment Change Actual Actual (%) Residential 3,779 5,582 1,803 47.7% Development Real Estate Agency 1,447 2,146 698 48.2% Condominium 515 644 129 25.0% Management Leasing and 230 230 0 0.2% Related O
Slide 14: ROIC and WACC
ROIC and WACC ◼ ROIC in FY03/26 was 4.49％ Changes in ROIC and WACC （Unit：％） 5.03 4.30 4.06 4.49 ROIC 3.90 3.76 3.04 3.38 2.25 2.39 2.35 2.67 2.11 2.49 2.44 WACC 1.94 FY03/19 FY03/20 FY03/21 FY03/22 FY03/23 FY03/24 FY03/25 FY03/26 Copyright © MEIWA ESTATE Co., Ltd. All rights reserved. * Calculated o
Slide 15: Consolidated Financial Results Forecast FY03/27
Consolidated Financial Results Forecast FY03/27
Slide 16: Consolidated Financial Results Forecast FY03/27
Consolidated Financial Results Forecast FY03/27 ◼ Forecast net sales of ¥85.0 billion, operating profit of ¥7 billion, ordinary profit of ¥4.4 billion, and net profit of ¥2.9 billion (Millions of yen) FY03/27 FY03/26 Forecast Change Change (%) Actual （Announced in May 14, 2026） Net sales 90,108 85,0
Slide 17: Factors Behind Change in Net Sales by Segment
Factors Behind Change in Net Sales by Segment ◼ Net sales are expected to decrease due to a significant decline in the number of condominium deliveries Analysis of factors behind change in net sales Positive Negative (Millions of yen) change change Residential Development 90,108 -15,196 Real Estate
Slide 18: Factors Behind Change in Operating Profit by Accounting Item
Factors Behind Change in Operating Profit by Accounting Item ◼ We have maintained a high profit margin despite a decrease in net sales due to the decreased number of condominium deliveries ◼ Operating profit is expected to decrease to ¥7 billion as advertising expenses increase due to an increase in
Slide 19: FY03/27 Main Condominiums Scheduled for Completion
FY03/27 Main Condominiums Scheduled for Completion ◼ Sales have been strong, and all units have already been sold out ZEH-M Oriented ZEH-M Oriented Taito, Tokyo Yokohama, Kanagawa Total number of units: 38 ZEH-M Oriented Total number of units: 33 Scheduled to be completed in July 2026 Scheduled to b
Slide 20: Factors Behind Change in SG&A Expenses (1/2)
Factors Behind Change in SG&A Expenses (1/2) ◼ Purchases progressed significantly in FY03/26, leading to an increase in new condominium supply in FY03/27 *Only for new condominiums Purchases *Based on planned sales price （Millions of yen） +96.1% 90,238 Q4 11,040 Q3 33,678 46,016 Q4 Q2 12,640 12,258
Slide 21: Factors Behind Change in SG&A Expenses (2/2)
Factors Behind Change in SG&A Expenses (2/2) ◼ We will focus on supply of new condominiums in FY03/27 ◼ SG&A expenses are expected to increase in FY03/27 due to prior expenditure of advertising expenses on condominiums to be delivered from FY03/28 onward. Residential Development sales materials * On
Slide 22: Shareholder Returns
Shareholder Returns
Slide 23: Shareholder Returns: Dividends
Shareholder Returns：Dividends ◼ We plan to pay a dividend of ¥45 per share for FY03/26 (including ¥5 for commemorative dividend) ◼ Dividends of ¥40 per share are planned for FY03/27 Basic policy of dividends Dividends Dividends per share actual Dividends per share plan The Company will continue to s
Slide 24: Revision of the Shareholders Benefits Program
Shareholder Returns: Revision of the Shareholders Benefits Program ◼ A revision to the shareholders benefits program was announced on August 8, 2025 ◼ The revised shareholders benefits program will be applied from March 31, 2026 Shareholder benefit points are awarded based on the number of shares he
Slide 25: An Additional Long-term Holding Bonus Points
An Additional Long-term Holding Bonus Points ◼ Long-term holding bonus points will be awarded to shareholders who are listed or recorded under the same shareholder number in the shareholder registry as holding 1,000 shares or more for three or more consecutive times as of the record dates of March 3
Slide 26: Progress of the Strategy 2027
Progress of the Strategy 2027
Slide 27: Progress of the Strategy 2027 (quantitative aspect)
Progress of the Strategy 2027 (quantitative aspect) ◼ Achieved the Strategy 2027 target for FY03/26 ◼ The full-year forecast is set to surpass the Strategy 2027 target in operating profit and ordinary profit for FY03/27, the final year of the plan ◼ For FY03/27, sales materials in the Residential De
Slide 28: Progress of the Strategy 2027
Progress of the Strategy 2027 ◼ Both the first and second years of the Strategy 2027 exceeded the plan ◼ In FY03/27, the final year of the plan, operating profit and ordinary profit are set to surpass the plan （Billions of yen） FY03/25 FY03/26 Fy03/27 Target Actual Change Target Actual Change Target
Slide 29: Residential Development Segment: Progress Against Sales Targets
Residential Development Segment: Progress Against Sales Targets ◼ For FY03/27, net sales are expected to be ¥40 billion, which fall below the Strategy 2027 target, and the shortfall will be covered by Wealth Solutions ◼ FY03/28 will be a transition period, but sales materials of over ¥60 billion are
Slide 30: Real Estate Agency Segment, WS: Progress Against Sales Targets
Real Estate Agency Segment, WS: Progress Against Sales Targets ◼ For FY03/27, we have secured sales materials of ¥19 billion, which exceeds the Strategy 2027 target. The full-year forecast is set to ¥14 billion, which exceeds the Strategy 2027 target, making up for the shortage in the Residential De
Slide 31: Purchase and Resale: Progress Against Sales Targets
Real Estate Agency Segment, Purchase and Resale: Progress Against Sales Targets ◼ Secured sales materials of ¥32.9 billion for FY03/27, significantly exceeding the full-year forecast of ¥20 billion Purchase and Resale sales materials (Billions of yen) Net sales fell short of the Sales materials targ
Slide 32: Progress of the Strategy 2027 (qualitative aspect)
Progress of the Strategy 2027 (qualitative aspect) ◼ Key takeaway 1: Pursuing high-quality housing to be selected by customers In the Residential Development, we are pursuing high-quality housing. With an integrated business model encompassing development, sales, and management, we are enhancing our
Slide 33: Key Takeaway 1: The Pursuit of High-Quality Housing
Key Takeaway 1: The Pursuit of High-Quality Housing ◼ The sales ratio of condominiums over ¥100 million is increasing Composition of the Company’s newly built condominiums in the Tokyo Metropolitan Area by price range *Price base 0.6% 2.8% 6.6% 16.2% 0.4% 8.6% 1.1% 10.4% 1.6% 12.3% ¥300mn ~ 14.6% ¥2
Slide 34: Key takeaway 1: Pursuit of High-quality Housing
Key takeaway 1: Pursuit of High-quality Housing ◼ We are developing condominiums with carefully selected locations that will be accepted by high net worth individuals Chuo-ku, Tokyo Total number of units: 21 Scheduled to be completed in September 2027 ➢ A rare location where the three area of "Ningy
Slide 35: Selected as Shortlist at LICC 2025
Key takeaway 1: Selected as Shortlist at LICC 2025 ◼ "CLIO Residence Ofuna Season Terrace" was selected as Shortlist at the international design award "London International Creative Competition (LICC) 2025" ➢ What is the LICC The LICC is an international creative award based in London that recognize
Slide 36: Received the Good Design Award 2025
Key Takeaway 1: Received the Good Design Award 2025 ◼ “CLIO Yokohama Center Kita Grand Chic” and “CLIO la belle vie Chuo Minato” received the Good Design Award 2025 from the Japan Institute of Design Promotion Awarded to two properties simultaneously for two consecutive years ZEH-M Oriented Yokohama
Slide 37: SUUMO AWARD 2025
Key Takeaway 1: SUUMO AWARD 2025 ◼ In the SUUMO AWARD 2025 Tokyo Metropolitan Area, we received the Excellence Award for the Condominium Developer and Sales Company in energy saving category for the second consecutive year ◼ We will continue to pursue high-quality housing MEIWA ESTATE Co., Ltd. Copy
Slide 38: Highly Rated in Customer Satisfaction Survey
Key Takeaway 1: Highly Rated in Customer Satisfaction Survey ◼ MEIWA JISYO COMMUNITY has acquired a high customer satisfaction ◼ We will continue to improve the quality of our management services and strive to become the company of choice for our customers MEIWA JISYO COMMUNITY Co., Ltd. Copyright ©
Slide 39: Key takeaway 2: Business Operations with Awareness of Capital Turnover
Key takeaway 2: Promote Business Operations with an Awareness of Capital Turnover ◼ We are promoting ROIC-conscious management, and our ROIC rose to 4.49% in FY03/26. Changes in ROIC and WACC （Unit：％） 5.03 4.30 4.06 4.49 ROIC 3.90 3.76 3.04 3.38 2.25 2.39 2.35 2.67 2.11 2.49 2.44 WACC 1.94 FY03/19 F
Slide 40: After-tax operating profit margin
Key takeaway 2: Promote Business Operations with an Awareness of Capital Turnover ◼ In order to improve ROIC, management is being carried out with capital turnover in mind. The Strategy 2027 aims to be asset-light overall Reposted from Strategy 2027 High ○ Leasing and Related 2. Strengthen WS * Afte
Slide 41: After-tax operating profit margin
Key takeaway 2: Promote Business Operations with an Awareness of Capital Turnover ◼ ROIC improved in FY03/26 due to improved profitability in the Residential Development and Purchase and Resale Business and increased volumes in the Brokerage and Condominium Management Business Residential Developmen
Slide 42: After-tax operating profit margin
Key takeaway 2: Promote Business Operations with an Awareness of Capital Turnover ◼ By pursuing profitability of the Residential Development, improving capital turnover in the WS and Purchase and Resale, and expanding operations in the Brokerage and Condominium Management, we aim to shift to an asse
Slide 43: Brokerage and Condominium Management with high ROIC expanded
Key takeaway 2: Promote Business Operations with an Awareness of Capital Turnover ◼ Brokerage and Condominium Management with high ROIC expanded smoothly Net sales of Brokerage Net sales of Condominium Management （Millions of yen） （Millions of yen） +6.5% 6,656 +19.7% 1,410 6,030 5,729 5,512 1,257 RO
Slide 44: Key takeaway 3: Development of Project Pipeline
Key takeaway 3: Development of Project Pipeline ◼ Real estate M&A will contribute to earnings from this fiscal year ◼ Along with real estate M&A, reconstruction business is expected to contribute to earnings in the next Medium-Term Management Plan period Strategy 2027 period FY03/25 FY03/26 FY03/27
Slide 45: Key takeaway 3: Development of Project Pipeline
Key takeaway 3: Development of Project Pipeline ◼ Utilize M&A as one of our purchase methods (real estate M&A) ◼ Used to acquire rare land for development, such as over 1,000 tsubo in central Tokyo Example properties acquired through real estate M&A All units sold* Location Taito-ku, Tokyo Location
Slide 46: Key takeaway 3: Development of Project Pipeline
Key takeaway 3: Development of Project Pipeline ◼ The "MEIWA ESTATE Group Condominium Revitalization Consultation Office" was opened in March 2025 ◼ Group-wide efforts to secure medium- to long-term earnings and resolve social issues The MEIWA ESTATE Group Condominium Revitalization Consultation Off
Slide 47: Reconstruction Business, Hi-Mart Shibuya Shinsen
Key Takeaway 3: Reconstruction Business, Hi-Mart Shibuya Shinsen ◼ In September 2025, we received approval to establish a condominium reconstruction association ◼ Our first reconstruction project under the “Act on Facilitation of Revitalization of Condominiums, etc.” Overview of the “Hi-Mart Shibuya
Slide 48: Reconstruction Business, Honmoku Motomachi Kyodo Building
Key Takeaway 3: Reconstruction Business, Honmoku Motomachi Kyodo Building ◼ Approval received for the establishment of a condominium site sales association in August 2025 ◼ Our first land sale project under the “Act on Facilitation of Revitalization of Condominiums, etc.” Overview of the “Honmoku Mo
Slide 49: Residential Development Segment: Progress Against Sales Targets
Residential Development Segment: Progress Against Sales Targets ◼ We are steadily developing our project pipeline and have secured sales materials exceeding ¥60 billion for FY03/29 onward. Reposted Residential Development sales materials * Only for new condominiums (Billions of yen) Purchased, not s
Slide 50: Residential Development Segment
Residential Development Segment
Slide 51: Residential Development Segment
Residential Development Segment ◼ Results: Net sales of ¥55.1 billion (up 5.1% YoY), Segment profit of ¥5.5 billion (up 47.7% YoY) ◼ Purchases: ¥90.2 billion (up 96.1% YoY) ➢ Significantly increased due to purchases of large-scale projects ◼ Supply: ¥47.7 billion (up 36.9% YoY) ➢ Supplied condominiu
Slide 52: Residential Development Segment Results FY03/26
Residential Development Segment Results FY03/26 ◼ Net sales and profit increased YoY （Millions of yen） FY03/25 FY03/26 Change Change Actual Actual (%) Net sales Sales to external customers 52,515 55,196 2,680 5.1% Intersegment sales and － － － － transfers Total 52,515 55,196 2,680 5.1% Segment profit
Slide 53: Residential Development Segment: Net Sales
Residential Development Segment: Net Sales ◼ Net sales in FY03/26 were ¥55.1 billion（up 5.1％ YoY） Net sales Condomiums （Millions of yen） Land and Buildings Others +5.1% Others 55,196 127 Others 52,515 Land and Buildings 130 7,220 2,223 52,845 45,165 FY03/25 FY03/26 Copyright © MEIWA ESTATE Co., Ltd.
Slide 54: Residential Development Segment: Segment Profit
Residential Development Segment: Segment Profit ◼ Profit increased YoY due to an increase in gross profit Analysis of factors behind change in segment profit Positive change Negative change （Millions of yen） Decrease in Increase in SG&A 5,582 gross profit +303 (+1,803) +1,499 3,779 • Profit increase
Slide 55: Topics: FY03/26 Completion and Deliveries
Topics: FY03/26 Completion and Deliveries ◼ We developed high-value-added condominiums. Yokohama, Kanagawa Shinjuku, Tokyo ZEH-M Oriented ZEH-M Oriented Total number of units: 54 Total number of units: 138 Completed and delivered in June 2025 Completed and delivered in September 2025 CLIO Gallery We
Slide 56: Leading Sales Indicators (KPIs) for Residential Development
[Ref.] Leading Sales Indicators (KPIs) for the Residential Development Segment ◼ KPIs are defined as follows. Land purchase Start sales Completion/ Sales contracts contracts (construction permit granted) delivery Purchases Supply Sales Contracts Net Sales Planned sales amount at Sales value of Amoun
Slide 57: Residential Development Segment: Purchases
Residential Development Segment: Purchases ◼ Purchases in FY03/26 amounted to ¥90.2 billion (up 96.1% YoY) ◼ A significant increase YoY due to the purchase of a large-scale project *Only for new condominiums Purchases *Based on planned sales price （Millions of yen） +96.1% 90,238 Q4 11,040 Q3 33,678
Slide 58: Residential Development Segment: Supply
Residential Development Segment: Supply ◼ Supply in FY03/26 amounted to ¥47.7 billion (up 36.9% YoY) *Only for new condominiums Supply *Based on planned sales price （Millions of yen） +36.9% 47,721 Q4 8,063 34,870 Q3 Q4 13,738 11,601 Q2 Q3 2,953 4,946 Q2 9,005 Q1 22,966 Q1 9,316 FY03/25 FY03/26 Copyr
Slide 59: Residential Development Segment: Sales Contracts
Residential Development Segment: Sales Contracts ◼ Sales contracts in FY03/26 amounted to ¥50.7 billion (up 2.1% YoY) *Only for new condominiums Sales contracts *Based on contract price （millions of yen） +2.1% 49,704 50,758 Q4 Q4 11,075 12,758 Q3 Q3 9,451 10,202 Q2 Q2 11,696 12,942 Q1 Q1 18,534 13,8
Slide 60: Residential Development Segment: Completed Inventory
Residential Development Segment: Completed Inventory ◼ There was a temporary increase in completed inventory at the end of FY03/25 as some regional condominiums were sold after completion ◼ The amount of completed inventory decreased from 135 units at the end of FY03/25 to 2 units at the end of FY03
Slide 61: Real Estate Agency Segment
EE =—SssRealEstate Agency Segment Ji
Slide 62: Real Estate Agency Segment
Real Estate Agency Segment ◼ Results: Net sales of ¥27.4 billion (up 33.7% YoY), Segment profit of ¥2.1 billion (up 48.2% YoY) ◼ The Purchase and Resale is steadily expanding by increasing its workforce ➢ Net sales: ¥17.7 billion (up 39.3% YoY) ◼ In Brokerage, net sales increased YoY by strengthenin
Slide 63: Real Estate Agency Segment Results FY03/26
Real Estate Agency Segment Results FY03/26 ◼ Net sales and profit increased YoY （Millions of yen） FY03/25 FY03/26 Change Change Actual Actual (%) Net sales Sales to external customers 20,542 27,464 6,922 33.7% Intersegment sales and － － 184 -184 transfers Total 20,726 27,464 6,737 32.5% Segment prof
Slide 64: Real Estate Agency Segment: Net Sales
Real Estate Agency Segment : Net Sales ◼ Net sales in FY03/26 were ¥27.4 billion（up 33.7％ YoY） Net sales Purchase and Resale Wealth Solutions Others （Millions of yen） Brokerage Land and Buildings +33.7% 27,464 414 2,223 529 20,542 5,627 852 1,410 5,135 1,257 17,788 12,766 FY03/25 FY03/26 Copyright ©
Slide 65: Real Estate Agency Segment: Segment Profit
Real Estate Agency Segment: Segment Profit ◼ Higher gross profit offset the rise in SG&A expenses, driven mainly by personnel costs, leading to profit growth YoY. Analysis of factors behind change in segment profit Positive change Negative change （Millions of yen） Increase in Increase in Gross profi
Slide 66: Real Estate Agency Segment: Purchase and Resale
Real Estate Agency Segment: Purchase and Resale ◼ Net sales in FY03/26 were ¥17.7 billion (up 39.3% YoY) Net sales （Millions of yen) +39.3% 17,788 Q4 3,805 12,766 Q3 Q4 4,617 4,347 Q3 Q2 3,267 4,273 Q2 3,051 Q1 Q1 5,092 2,100 FY03/25 FY03/26 Copyright © MEIWA ESTATE Co., Ltd. All rights reserved. 65
Slide 67: Topics: High-quality Housing in Purchase and Resale
Topics: High-quality Housing in Purchase and Resale ◼ Utilizing the know-how cultivated in the Residential Development, we provide high- quality design and high-quality renovations Meguro-ku, Tokyo / 4LDK / 153.24 m2 / 22 years old Minato-ku, Tokyo / 1LDK / 72.62 m2 / 15 years old Shibuya-ku, Tokyo/
Slide 68: Real Estate Agency Segment: Brokerage
Real Estate Agency Segment: Brokerage ◼ Net sales in FY03/26 were ¥1.4 billion(up 12.1% YoY) Net sales （Millions of yen） +12.1% 1,410 1,257 Q4 Q4 384 302 Q3 Q3 294 388 Q2 Q2 305 332 Q1 Q1 354 305 FY03/25 FY03/26 Copyright © MEIWA ESTATE Co., Ltd. All rights reserved. 67
Slide 69: Topics: Brokerage
Topics: Brokerage ◼ We are increasing the workforce per store to improve each store’s profitability Current Store Map * Current store Yamanot e Line CLIO condominium Tokyo 303 bldg. Kawasa ki Yokoha ma CLIO condominium Shonan area Kanagawa 514 bldgs. ※As of end of March 2026 *Number of stores: 10 st
Slide 70: Real Estate Agency Segment: Wealth Solutions
Real Estate Agency Segment: Wealth Solutions ◼ Net sales in FY03/26 were ¥5.6 billion(up 9.6% YoY) Net sales （Millions of yen） +9.6% 5,627 5,135 FY03/25 FY03/26 Copyright © MEIWA ESTATE Co., Ltd. All rights reserved. 69
Slide 71: Real Estate Agency Segment: Wealth Solutions
Real Estate Agency Segment: Wealth Solutions ◼ Completed delivery of ten properties in FY3/26 Main properties delivered in FY03/26 CLIO La Mode Meguro Senzoku CLIO La Mode Kagurazaka Meguro, Tokyo Shinjuku, Tokyo Delivered in October 2025 Delivered in October 2025 Copyright © MEIWA ESTATE Co., Ltd.
Slide 72: Completion of MEIWA ESTATE’s First Soundproof Rental Condominium
Topics: Completion of MEIWA ESTATE’s First Soundproof Rental Condominium ◼ “CLIO La Mode Machida Sound Terrace”, our first condominium for rent with soundproofed rooms in all units, was completed in December 2025 ◼ Continue developing “Sound Terrace” concept condominiums equipped with soundproofing
Slide 73: Condominium Management Segment
Condominium Management Segment
Slide 74: Condominium Management Segment
Condominium Management Segment ◼ Results: Net sales of ¥6.6 billion (up 10.4% YoY), Segment profit of ¥0.6 billion (up 25.0% YoY) ◼ Steady progress in switchover from other property management companies backed by high customer satisfaction ➢ Number of new contracted units in FY03/26: 3,708 units (of
Slide 75: Condominium Management Segment Results FY03/26
Condominium Management Segment Results FY03/26 ◼ Net sales and profit increased YoY （Millions of yen） FY03/25 FY03/26 Change Change Actual Actual (%) Net sales Sales to external customers 6,030 6,656 625 10.4% Intersegment sales and 33 46 13 38.5% transfers Total 6,064 6,703 638 10.5% Segment profit
Slide 76: Condominium Management Segment: Net Sales
Condominium Management Segment: Net Sales ◼ Net sales in FY03/26 were ¥6.6 billion (up 10.4% YoY) Change in net sales （Millions of yen） Full-year Full-year 6,656 Full-year 6,030 Full-year 5,729 Q4 5,512 Q4 1,722 Q4 Q4 1,554 1,410 1,474 Q3 Q3 Q3 1,707 Q3 1,515 1,474 1,453 Q2 Q2 Q2 Q2 1,676 1,426 1,56
Slide 77: Condominium Management Segment: Net Sales
Condominium Management Segment: Net Sales ◼ Increase in management fees due to an increase in switchovers from other management companies Net sales Managemet fees （Millions of yen） Construction-related Others +10.4% 6,656 6,030 291 198 899 803 5,028 5,465 FY03/25 FY03/26 Copyright © MEIWA ESTATE Co.
Slide 78: Condominium Management Segment: Segment Profit
Condominium Management Segment: Segment Profit ◼ Growth in management fees increased gross profit, offsetting the rise in SG&A expenses. Analysis of factors behind change in segment profit Positive change Negative change （Millions of yen） Increase in Increase in Gross profit SG&A +234 -105 644 (+129
Slide 79: No. of Units Under Management
Condominium Management Segment: No. of Units Under Management ◼ No. of units under management increased to 55,040 units as of the end of FY03/26 Change in number of units under management 55,040 units 51,982 units 48,940 units 45,759 units 43,471 units End of End of End of End of End of FY03/22 FY03
Slide 80: New Management Contracts
Condominium Management Segment: New Management Contracts ◼ Switchovers from other management companies progressed steadily ◼ Continue strengthening switchovers from other management companies Change in number of units under new management contracts *Based on start of management Own condominiums (CLI
Slide 81: “Pochitto Work” Substitute Condominium Manager Service
Topics: “Pochitto Work” Substitute Condominium Manager Service ◼ An efficient staffing service to find substitutes for temporary condominium manager vacancies. ◼ This has led to a reduction in the outsourcing expenses on substitute condominium managers Absence Registration Application Absence Notifi
Slide 82: “Pochitto Work” Substitute Condominium Manager Service
Topics: “Pochitto Work” Substitute Condominium Manager Service ■ Condominium supporters who want to act as condominium managers can search for and apply for jobs with their favorite dates and times from their smartphones and work (1) Search for a project using the map or the date Press the "Apply" b
Slide 83: “Pochitto Work” Substitute Condominium Manager Service
Topics: “Pochitto Work” Substitute Condominium Manager Service ■ The arrangement of the substitute condominium manager by "Pochitto Work” is progressing Arrangement ratio of substitute staff in Kanagawa (April 2025 - March 2026) Pochi-work arrangements 43.02% to 86.16% Overall internal arrangements
Slide 84: Fact Sheet
Fact Sheet == wien
Slide 85: Consolidated Balance Sheet as of End of FY03/26
Consolidated Balance Sheet as of End of FY03/26 （Millions of yen) Change End of FY03/25 End of FY03/26 Change (%) Total assets 152,097 151,157 -940 -0.6% Current assets 140,112 141,613 1,501 1.1% Cash and deposits 22,472 20,920 -1,552 -6.9% Real estate for sale 26,974 32,358 5,383 20.0% Real estate
Slide 86: Residential Development Segment: Sales Breakdown and Leading Sales Indicators
Residential Development Segment: Sales Breakdown and Leading Sales Indicators （Millions of yen） FY03/25 FY03/26 FY03/27 Change Change(%) Change (%) Actual Actual Forecast Net sales 52,515 55,196 2,680 5.1% － － Condominiums 45,165 52,845 7,680 17.0% 40,000 -24.3% Units delivered 816 units 825 units 9
Slide 87: Real Estate Agency Segment: Sales Breakdown
Real Estate Agency Segment: Sales Breakdown （Millions of yen） FY03/25 FY03/26 FY03/27 Change Change(%) Change (%) Actual Actual Forecast Net sales 20,542 27,464 6,922 33.7% 37,000 34.7% Purchase and Resale 12,766 17,788 5,022 39.3% 20,000 12.4% Units delivered 162 units 180 units 18 units 11.1% － －
Slide 88: Real Estate Agency Segment: Leading Sales Indicators
Real Estate Agency Segment: Leading Sales Indicators （Millions of yen） FY03/25 FY03/26 FY03/27 Change Change(%) Change (%) Actual Actual Forecast － － Purchase and Units purchased 216 units 118 units -98 units -45.4% Resale Sales contracts 14,784 18,002 3,217 21.8% － － No. of units 185 units 167 unit
Slide 89: Condominium Management Business: Sales Breakdown and Leading Sales Indicators
Condominium Management Business: Sales Breakdown and Leading Sales Indicators （単位：百万円） FY03/25 FY03/26 FY03/27 Change Change(%) Change (%) Actual Actual Forecast Net sales 6,030 6,656 625 10.4% 7,000 5.2% Management fees 5,028 5,465 437 8.7% － － Construction-related 803 899 95 11.8% － － Others 198 2
Slide 90: Residential Development Segment: Progress Against Sales Targets
[Ref.] Residential Development Segement: Progress Against Sales Targets （Billions of yen) FY03/25 FY03/26 FY03/27 Plan Net Sales 50.0 45.0 47.0 (Residential Development) Net sales recorded (①) 45.1 52.8 － Contracts concluded (②) － － 38.5 Supplied, no contract － － 2.3 Progress (③) Purchased, not supp
Slide 91: Wealth Solutions: Progress Against Sales Targets
[Ref.] Real Estate Agency Segment, Wealth Solutions: Progress Against Sales Targets （Billions of yen) FY03/25 FY03/26 FY03/27 Plan Net sales 6.5 8.0 11.5 (Wealth Solutions) Net sales recorded (①) 5.1 5.6 － Contracts concluded (②) － － 10.8 Supplied, no contract － － － Progress (③) Purchased, not suppl
Slide 92: Purchase and Resale: Progress Against Sales Targets
【参考】流通セグメント 買取再販 売上目標値に対する進捗状況 ◼ 27/3期の売上材料を十分に確保している （Billions of yen） FY03/25 FY03/26 FY03/27 Net sales 22.1 28.0 33.7 Plan (Real Estate Agency ) Purchase and Resale 14.1 18.2 20.0 Net sales recorded (①) 12.7 17.7 － Contracts concluded (②) － － 2.8 Currently for sale (③) － － 14.2 Progress Preparing
Slide 93: [Ref.] ROIC
[Ref.] ROIC ◼ Calculation formula of ROIC as below Consolidated operating profit x (1 - effective tax rate) ROIC = Invested Capital* * Invested Capital is calculated as interest-bearing liabilities + equity. Calculated using the average value during the period. (Image) Consolidated Balance Sheets As
Slide 94: [Ref.] WACC (Weighted Average Cost of Capital)
[Ref.] WACC (Weighted Average Cost of Capital) ◼ Calculation formula of WACC as below WACC = (Cost of Debt x Debt ratio) + (Cost of Equity x Equity ratio) Cost of Debt Interest-bearing liabilities interest rate x (1 - effective tax rate) Debt ratio Value of interest-bearing liabilities / (market cap
Slide 95: Information from IR
Information from IR Strategy 2027 Publication of Sponsored Research Report The Company has formulated the "Strategy 2027" for the period The Company issues sponsored research reports through Shared from FY03/25 to FY03/27. Research, Inc. to facilitate communication with shareholders and https://www.
Slide 96: Contact
Corporate Planning Dept., Contact TEL 03-5489-2620 E-mail IR8869＠meiwajisyo.co.jp MEIWA ESTATE Co., Ltd. *This material is for informational purposes only and is not intended as an offer, solicitation, or sales for any specific product. *This material was prepared based on data as of the date of pub