SRE Holdings Corp. · TSE:2980
SRE — FY2026 Q2 Earnings Presentation
40 slides from SRE's earnings presentation, Nov 11, 2026
Slide 1: SRE Holdings Corporation FY2026 Q2 Financial Results
SRE Holdings Corporation FY2026 Q2 Financial Results Copyright 2026 SRE Holdings Corporation Securities Code: 2980 Copyright 2026 SRE Holdings Corporation
Slide 2: FY2026 Q2 Financial Results Summary
FY2026 Q2 Financial Results Summary Financial Results Net sales Operating profit EBITDA (Prior (Prior (Prior year) JPY 13,708 year) JPY 1,947 (+1,638) year) JPY 2,322 (+1,638) 8,095 → (+5,612) 309 → 683 → million million million Initial Attributable to owners of parent plan Profit Dividend per share
Slide 3: Contents
Contents 1 FY2026 Q2 Financial Results P.4 2 Growth Strategy and Key Q2 Initiatives P.12 3 Financial Forecast and Company Overview P.25 (Reprinted from previous financial results materials) Copyright 2026 SRE Holdings Corporation
Slide 4: FY2026 Q2 Financial Results
Section 1 FY2026 Q2 Financial Results Copyright 2026 SRE Holdings Corporation
Slide 5: Summary
1 FY2026 Q2 Financial Results Summary Net sales of JPY 13,708 million and operating profit of JPY 1,947 million, a substantial increase in both sales and profit YoY LH overall and the PT cloud business drove AI&LS. Further AX promotion and the expansion of the healthcare domain will accelerate growt
Slide 6: Segment Performance Overview
1 FY2026 Q2 Financial Results Segment Performance Overview LH grew over 30% YoY in both net sales and profit, while PT was driven by cloud businesses such as AI Home Valuation CLOUD Life & Healthcare Solutions (LH) (JPY million) • Growth in services for medical and welfare facilities, FY2025 Q2 FY20
Slide 7: Cumulative Quarterly P/L Trends (by Segment)
1 FY2026 Q2 Financial Results Cumulative Quarterly P/L Trends (by Segment) All businesses are tracking above the prior year; LH and PT aim to achieve full-year guidance through H2 build-up In PT, the consulting business was affected by market conditions, but cloud solutions such as AI Home Valuation
Slide 8: AI&LS Segment KPI Trends
1 FY2026 Q2 Financial Results AI&LS Segment KPI Trends LH: ARPU rose while contracts dipped temporarily PT: contracts expanded on cloud growth, while ARPU declined due to product mix From Q3, both LH and PT are expected to exceed ARPU guidelines on seasonality, new solutions and large deals Life & H
Slide 9: Average monthly churn rate
1 FY2026 Q2 Financial Results Average monthly churn rate Since last year's price increase, the average monthly churn rate has edged up from 0.4% to 0.6% and has recently held flat at 0.6% New acquisitions continue to exceed cancellations, maintaining net contract growth ■ Average monthly churn rate
Slide 10: Quarterly Inventory Trends and Outlook
1 FY2026 Q2 Financial Results Quarterly Inventory Trends and Outlook Inventories rose to JPY 35.8 billion, following the cycle of building up mid-year and being placed into external funds managed by our subsidiary toward year-end Unchanged from Q1 guidance; we plan to keep it at around the Q1-end le
Slide 11: Detailed Explanation of FY2026 Q2 Results
1 FY2026 Q2 Financial Results Detailed Explanation of FY2026 Q2 Results Category Outlook against this year's guideline (GL) YoY Against a full-year GL of JPY 5,230 million (+25.1% YoY), JPY 1,947 million (JPY 309 million a progress reached 37.2%. AI&LS combined progress was 28.4%, year earlier, +530
Slide 12: Growth Strategy and Key Q2 Initiatives
Section 2 Growth Strategy and Key Q2 Initiatives Copyright 2026 SRE Holdings Corporation
Slide 13: Free-Float Market Cap Trends and the TOPIX Continued-Inclusion Threshold
2 Growth Strategy and Key Q2 Initiatives Free-Float Market Cap Trends and the TOPIX Continued-Inclusion Threshold The TOPIX continued-inclusion threshold rose approx. 1.5x in one year, while the rapid evolution of generative AI also required a response. Centered on mid- to long-term profit growth th
Slide 14: Growth Strategy: Medium-term Profitability
2 Growth Strategy and Key Q2 Initiatives Growth Strategy: Medium-term Profitability Driving mid- to long-term profitability through next-generation AI operations. Operating Profit Outlook １ Top Talent Acquisition (JPY 0.12 billion) (JPY billion) Risk Buffer Acquisition of CTO and FDE* Talent (JPY 0.
Slide 15: Differentiation in the Generative AI Era and Our Two Models
Investment ②③ | AI & BPaaS 2 Growth Strategy and Key Q2 Initiatives Differentiation in the Generative AI Era and Our Two Models As generative AI evolves, the key is how quickly and flexibly we can respond to each client's needs and selling points. We aim to grow through two models: ① embedding each
Slide 16: PropTech Results and Client-Specific AI Agents
Investment ③ | BPaaS for Real Estate 2 Growth Strategy and Key Q2 Initiatives PropTech Results and Client-Specific AI Agents Field staff have built 77 AI tools/agents with generative AI; 12 of them, web apps, cut the department's total scheduled working hours by approx. 5%. Building on our sales kno
Slide 17: Healthcare Challenges and the Clinical Assistance Tool
Investment ② | Healthcare AI 2 Growth Strategy and Key Q2 Initiatives Healthcare Challenges and the Clinical Assistance Tool Providing a range of tools for settings where physicians handle IT systems alongside patient care. The clinical assistance tool creates SOAP-format records from consultation a
Slide 18: Healthcare Challenges and the BI Tool
Investment ② | Healthcare AI 2 Growth Strategy and Key Q2 Initiatives Healthcare Challenges and the BI Tool Providing a BI tool that visualizes performance for settings where results are often known only after monthly closing. Metrics such as sales, first-visit rate, and repeat-visit rate are availa
Slide 19: Progress on Strategic Investment
Investment ① | Talent 2 Growth Strategy and Key Q2 Initiatives Progress on Strategic Investment As part of the strategic reinvestment announced in May 2026, the hiring of three core professionals, including a healthcare CTO, has progressed. As experts at the forefront of AI, they joined in the belie
Slide 20: Healthcare Strategy
2 Growth Strategy and Key Q2 Initiatives Healthcare Strategy Expanding our healthcare reach through shared platforms and expertise across healthcare, consulting, AX/DX, real estate and the Sony Group. AI & Tools for Facility Operations Healthcare business: sharing operational AX/DX AI, tools, and co
Slide 21: Our Healthcare Coverage and the Acquisition of nCS
2 Growth Strategy and Key Q2 Initiatives Our Healthcare Coverage and the Acquisition of nCS Supporting medical institutions, treatment centers, and nursing care providers with BPaaS (services × AX/DX) and real business. The addition of nCS adds nursing care to our coverage NEW Treatment centers & ho
Slide 22: AI Technology Development
2 Growth Strategy and Key Q2 Initiatives AI Technology Development Applying human-generation AI to create training datasets for scenes that are difficult to film Using it to develop detection AI for a variety of sites ① Core technology: Generating people freely ② Application: Generating training dat
Slide 23: L&P Strategy under Inflation
2 Growth Strategy and Key Q2 Initiatives L&P Strategy under Inflation Hotels, which can reprice daily, are the strongest asset in an inflationary environment. We have an extensive track record in hotel development and investment, including the DoubleTree by Hilton Tokyo Ariake Assets favored under i
Slide 24: Growth Strategy: Two Cycles to Keep EPS Growing
2 Growth Strategy and Key Q2 Initiatives Growth Strategy: Two Cycles to Keep EPS Growing Real × AI: growing EPS ② Acquire primary data Accumulate earned profit and recurring revenue as Accumulate primary data generated ① Bring real business capital, bring in companies with AX/DX potential daily on s
Slide 25: Financial Forecast and Company Overview
Section 3 Financial Forecast and Company Overview (Reprinted from previous financial results materials; partially revised to reflect the new segments) Copyright 2026 SRE Holdings Corporation
Slide 26: Summary of Financial Forecast
3 Financial Forecast and Company Overview Summary of Financial Forecast Despite executing 0.4 billion yen in strategic reinvestment, we expect to achieve record highs across all profit levels, driven by growth in our core business. (JPY million) • Net sales FY2026 - Strong growth driven by industry-
Slide 27: Performance Guidance by New Segment
3 Financial Forecast and Company Overview Performance Guidance by New Segment Growth in AI&LS's existing businesses and accelerated AI utilization are expected to drive +25% growth in companywide operating profit. (JPY million) Life & Healthcare Solutions (LH) FY2025 FY2026 YoY % • New customer acqu
Slide 28: KPI Guidance for AI&LS Segment
3 Financial Forecast and Company Overview KPI Guidance for AI&LS Segment Rising ARPU and an expanding customer base increase the certainty of recurring revenue growth. Life ＆ Healthcare Solutions (LH) Life ＆ Healthcare Solutions (LH) ARPU*1 １62,000 +23,000 １85,000 Sustained ARPU Growth Through Value
Slide 29: Expected Sale Timing of Key Development Projects
3 Financial Forecast and Company Overview Expected Sale Timing of Key Development Projects FY26 FY27 FY28 Development Projects １H ２H １H ２H １H ２H Umeda Project Meidaimae Project Takaido Project Fuchu Project Maizuru Project Fukuzumi Project Komagome Project Haruyoshi Project Nagoya Station Project Ka
Slide 30: Growth Strategy: A Platform Company Circulating Value Centered on Industry-Specific AI
3 Financial Forecast and Company Overview Growth Strategy: A Platform Company Circulating Value Centered on Industry-Specific AI A defensible ecosystem in which proprietary primary data from real-world operations continuously enhances AI, driving a highly profitable BPaaS business Proprietary data b
Slide 31: Growth Strategy: Efficient Property Development through Strategic Alliances
3 Financial Forecast and Company Overview Growth Strategy: Efficient Property Development through Strategic Alliances Differentiated property value through Sony Group alliances and in-house networks SRE Holdings Information Sharing Industry-Specific １ with Life Planners AI Technology Proprietary Net
Slide 32: Growth Strategy: BPaaS Architecture and Our Strengths
3 Financial Forecast and Company Overview Growth Strategy: BPaaS Architecture and Our Strengths A fully integrated “real-world operations × AI” model that goes beyond simple IT services, enabling a highly defensible BPaaS offering BPaaS Architecture (Industry Structure) SRE’s Strengths Layer 1 Provi
Slide 33: History of SRE Holdings from its Founding
3 Financial Forecast and Company Overview History of SRE Holdings from its Founding History An industry-focused LifeTech company Real Estate business utilizing technology(=Real Estate tech company) that integrates real-world businesses, Step April 2014 Sony Real Estate established 01 October 2015 Re
Slide 34: Turning social challenges into growth opportunities
3 Financial Forecast and Company Overview Turning social challenges into growth opportunities Addressing labor and healthcare challenges through Real × Technology Amid population decline and aging, Population Distribution by Age Group (10,000 persons) Our Solutions labor shortages and healthcare / 1
Slide 35: Overview of SREHD's Businesses
3 Financial Forecast and Company Overview Overview of SREHD's Businesses A Life Tech Company Combining Real-World Operations and Technology Across Real Estate and Healthcare Business Overview Revenue Model Solutions Main Target • AI cloud for medical and • Medical/Welfare: ~100k Life & welfare facil
Slide 36: AI&LS BPaaS Model
3 Financial Forecast and Company Overview AI&LS BPaaS Model SRE’s BPaaS drives customer growth and stable recurring revenue by reducing on-site burden. ① Structural Challenge Implementation image Due to chronic labor shortages and a lack of specialized expertise, many facilities find it difficult Be
Slide 37: AI&LS Product Track Record
3 Financial Forecast and Company Overview AI&LS Product Track Record Advanced AI powered by primary data delivers dramatic time savings and eliminates key-person dependency. Adoption is expanding among financial institutions. Before After Selecting and assessing similar AI automation enables coverag
Slide 38: Financial Track Record (FY2018–FY2026 (Forecast))
3 Financial Forecast and Company Overview Financial Track Record (FY2018–FY2026 (Forecast)) 2 Net sales Operating profit (JPY 100 million) (JPY 100 million) 418.0 52.3 328.6 41.8 266.9 242.1 31.0 185.4 22.1 135.7 16.8 13.9 73.3 10.5 7.4 38.5 28.9 4.2 Copyright 2026 SRE Holdings Corporation 38
Slide 39: Shareholder Information
3 Financial Forecast and Company Overview Shareholder Information Number of Share- Shares Treasury No. Shareholder holding (thousand stock Ratio (%) shares) 0.8% 1 Sony Group Corporation 3,748.6 23.06 Custody Bank of Japan, Ltd. 2 2,681.7 16.50 (Trust Account) Individuals, Financial The Master Trust
Slide 40: Disclaimer
Disclaimer The materials and information provided in this presentation include so-called 'forward-looking statements.' These are based on current expectations, forecasts, and assumptions involving risks, and contain uncertainties that could cause actual results to differ materially from these statem