Meiwa Estate Co. Ltd. · TSE:8869
Meiwa Estate — FY2025 Earnings Presentation
87 slides from Meiwa Estate's earnings presentation, May 12, 2025
Slide 1: Financial Results for FY03/25
MEIWA ESTATE Co., Ltd. (8869) Financial Results for FY03/25 May 12, 2025
Slide 2: Summary
Summary Consolidated financial results exceeded the full-year forecast in FY03/25 Net sales: ¥79.9 billion (up ¥0.9 billion against the forecast) Operating profit: ¥5.2 billion (up ¥0.5 billion against the forecast) Ordinary profit: ¥3.7 billion (up ¥0.1 billion against the forecast) Profit attri
Slide 3: Table of Contents
Table of Contents Consolidated Financial Results FY03/25 Consolidated Financial Results Forecast FY03/26 Shareholder Returns Progress of the Strategy 2027 Residential Development Business Real Estate Agency Business Condominium Management Business Fact Sheet Copyright © MEIWA ESTATE
Slide 4: Consolidated Financial Statements FY03/25
Consolidated Financial Statements FY03/25
Slide 5: Consolidated Financial Results FY03/25
Consolidated Financial Results FY03/25 Net sales: ¥79.9 billion (up ¥8.6 billion YoY), Operating profit: ¥5.2 billion (up ¥0.2 billion YoY), Ordinary profit: ¥3.7 billion (down ¥0.2 billion YoY), Profit attributable to owners of parent: ¥2.8 billion (up ¥0.1 billion YoY) Exceeded the full-year f
Slide 6: Factors Behind Change in Net Sales by Segment
Factors Behind Change in Net Sales by Segment Increased sales in the Real Estate Agency Business, which we have been strengthening In the Residential Development Business, net sales increased due to the sales of large-scale land and buildings Analysis of factors behind change in net sales Positi
Slide 7: Factors Behind Change in Operating Profit by Segment
Factors Behind Change in Operating Profit by Segment The decline in profits from the Residential Development Business was offset by increased profits from the Real Estate Agency Business, which we have been strengthening Analysis of factors behind change in operating profit Positive change Negativ
Slide 8: Factors Behind Change in Operating Profit by Accounting item
Factors Behind Change in Operating Profit by Accounting item Gross profit rose absorbing an increase in SG&A expenses aimed at strengthening sales capabilities, and operating profit rose YoY Analysis of factors behind change in operating profit Positive change Negative change （Millions of yen） Inc
Slide 9: Our Business Segments and Contents
[Ref.] Our Business Segments and Contents 5 Business Segments as follows Business Segments Business Contents Residential Development Business Develop new condominiums Brokerage, Purchase and Resale, Real Estate Agency Business Renovation, Wealth Solution Condominium Management Management of condom
Slide 10: Composition of Net Sales
Composition of Net Sales Composition of net sales (Millions of yen) Leasing and Leasing and Related Related 724 681 (1.0%) Others (0.9%) Others Condominium 177 Condominium 131 Management (0.3％) Management (0.2%) 5,729 6,030 (8.0%) (7.5%) Real Estate Real Estate Agency Agency 15,217 19,669 (21.4%) FY
Slide 11: Composition of Segment Profit
Composition of Segment Profit Composition of segment profit （Millions of yen） FY03/24 FY03/25 Change Segment Change Actual Actual (%) Residential 4,262 3,886 -375 -8.8% Development Real Estate Agency 512 1,340 827 161.4% Condominium 483 515 31 6.6% Management Leasing and 293 230 -63 -21.5% Related O
Slide 12: ROIC and WACC
ROIC and WACC ROIC in FY03/25 was 3.38% Changes in ROIC and WACC (Unit:%) 5.03 4.30 4.06 3.90 3.76 3.04 3.38 ROIC 2.25 2.39 2.35 2.67 WACC 2.11 1.94 FY03/19 FY03/20 FY03/21 FY03/22 FY03/23 FY03/24 FY03/25 * Calculated on a consolidated basis. See fact sheet for ROIC and WACC calculation formulas.
Slide 13: Consolidated Financial Results Forecast FY03/26
Consolidated Financial Results Forecast FY03/26
Slide 14: FY03/26 Consolidated Financial Results Forecast
FY03/26 Consolidated Financial Results Forecast Forecast net sales of ¥84.0 billion, operating profit of ¥6.3 billion, ordinary profit of ¥4.3 billion, and profit attributable to owners of parent of ¥2.9 billion (Millions of yen) FY03/26 FY03/25 Forecast Change Change (%) Actual （Announced in May
Slide 15: Factors Behind Change in Net Sales by Segment
Factors Behind Change in Net Sales by Segment Plan to increase in net sales mainly in Real Estate Agency Business Analysis of factors behind change in net sales Positive Negative (Millions of yen) change change 84,000 （＋4,097） Leasing and Adjustment Condominium Related +38 Management -90 Real Esta
Slide 16: Factors Behind Change in Operating Profit by Accounting item
Factors Behind Change in Operating Profit by Accounting item SG&A expenses are expected to increase due to increases in employee salaries and advertising expenses. However, this will be offset by higher gross profit driven by increased net sales, and operating profit is projected to rise to ¥6.3 b
Slide 17: Residential Development Business: Delivery Schedule
Residential Development Business: Delivery Schedule New condominiums deliveries concentrated in 1H FY03/26 (sales recorded upon completion and delivery) FY03/26 Delivery Schedule (unit basis) * * Only for new condominiums 671 units (100.0%) 1H 2H 528 units 143 units (78.7%) (21.3%) * Not including
Slide 18: FY03/26 Main Condominiums Scheduled for Completion
FY03/26 Main Condominiums Scheduled for Completion Sales have been strong, and all units have already been sold out ZEH-M Oriented ZEH-M Oriented ZEH-M Oriented Shinjuku, Tokyo Yokohama, Kanagawa Fukuoka, Fukuoka Total number of units: 54 Total number of units: 41 Total number of units: 45 Schedul
Slide 19: Shareholder Returns: Dividends
Shareholder Returns：Dividends We plan a commemorative dividend of ¥5 to mark our 40th anniversary in April 2026 We plan to pay a dividend of ¥45 per share for FY03/26 (¥40 for ordinary dividend and ¥5 for commemorative dividend) Basic policy of dividends Dividends Dividends per share actual Divi
Slide 20: Shareholder Returns: Shareholder Benefits
Shareholder Returns : Shareholder Benefits Continue to offer the shareholder benefit program, which was introduced to ensure liquidity of shares. Shareholder benefit points are awarded based on the number of shares held as of March 31 each year Shareholder benefit points are awarded based on the
Slide 21: Progress of the Strategy 2027
Progress of the Strategy 2027
Slide 22: Progress of the Strategy 2027 (quantitative aspect)
Progress of the Strategy 2027 (quantitative aspect) Achieved the Strategy 2027 target for FY03/25, the first year of the plan The full-year forecast for FY03/26 is set to surpass the Strategy 2027 target for FY03/26, the second year of the the plan In the Residential Development Business and W
Slide 23: Progress of the Strategy 2027
Progress of the Strategy 2027 Achieved the Strategy 2027 target for FY03/25, the first year of the plan The full-year forecast for FY03/26 is set to surpass the Strategy 2027 target （Billions of yen） FY03/25 FY03/26 FY03/27 Target Actual Change Target Forecast Change Target Net sales 79.0 79.9 +
Slide 24: Total Sales Materials for Residential Development and Wealth Solutions
Total Sales Materials for the Residential Development Business and Wealth Solutions Business For the Residential Development and Wealth Solutions Businesses, we secured the total sales materials exceeding the Strategy 2027 target In FY03/26, the full-year forecast is ¥53.0 billion for net sales,
Slide 25: Residential Development Business: Progress Against Sales Targets
Residential Development Business: Progress Against Sales Targets For FY03/26, net sales are expected to be ¥50.6 billion, which exceeds the Strategy 2027 target Sales materials are secured for up to FY03/28 Residential Development Business sales materials * Only for new condominiums Purchased, n
Slide 26: Real Estate Agency Business, Wealth Solution: Progress Against Sales Targets
Real Estate Agency Business, Wealth Solution: Progress Against Sales Targets Properties available for sale in FY03/26 to be sold in FY03/27 after the completion of leasing Wealth Solution Business sales materials Net sales recorded Purchased (Billions of yen) Contracts concluded Target In light of
Slide 27: Expansion of Demand for Rental Housing
[Ref.] Expansion of Demand for Rental Housing Focusing on holding for a certain period of time and leasing at a high rent. Aim to maximize sales profits Change in Tokyo 23 Wards Condominium Rent Index * ¹ (2014.Q1=100) 135 Family*² Family 130 Compact*² 133.5 Compact 125 126.2 120 115 110 105 100 9
Slide 28: Real Estate Agency Business, Purchase and Resale: Progress Against Sales Targets
Real Estate Agency Business, Purchase and Resale: Progress Against Sales Targets Secured sufficient sales materials for FY03/26 Forecast net sales are ¥20 billion, which will exceed the Strategy 2027 target Purchase and Resale sales materials (Billions of yen) Sales materials 28.8 Net sales were
Slide 29: 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 Business, we are pursuing high-quality housing. With an integrated business model encompassing development, sales, and management, we are enha
Slide 30: Key takeaway 1: Pursuit of High-quality Housing
Key takeaway 1: Pursuit of High-quality Housing We are enhancing our product appeal by strengthening design capabilities that resonate with affluent households and power families. Low-carbon Property overview: Low-carbon Property overview: building Fujisawa, Kanagawa building Setagaya, Tokyo Total
Slide 31: Key takeaway 1: Pursuit of High-quality Housing
Key takeaway 1: Pursuit of High-quality Housing The sales ratio of properties between ¥100 million and ¥500 million is increasing Price range of the Company's newly built condominiums in the Tokyo Metropolitan Area * sales price base 0.0% 0.2% 0.6% 1.1% 0.6% 0.2% 0.4% 0.6% 4.0% ¥0.3 billion~ ¥0.2
Slide 32: 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 Yokohama, Kanagawa Total number of units: 33 This is the third property supplied along Motomachi-dori *, following "CLIO Scheduled
Slide 33: Key takeaway 1: Pursuit of High-quality Housing
Key takeaway 1: Pursuit of High-quality Housing The development of the 1,000th commemorative property has been well received by high net worth individuals Setagaya, Tokyo Launched "CLIO Sakura-shimmachi the Classic" in April 2025 as a Total number of units: 31 Scheduled to be completed in Novemb
Slide 34: Key takeaway 1: Pursuit of High-quality Housing
Key takeaway 1: Pursuit of High-quality Housing We are developing condominiums with high environmental performance Breakdown of Newly Built Condominiums Supplied ZEH M-Oriented Low-carbon Building Others 88% FY03/24 82.4% (n=17) 5.9% 11.8% 89% FY03/25 88.9% (n=9) 11.1% Approximately 90% of new p
Slide 35: Key takeaway 1: Pursuit of High-quality Housing
Key takeaway 1: Pursuit of High-quality Housing Providing high-quality after-sales service Comparison of Housing Equipment Guarantee Services (Based on our research) Start (year) Duration Free of charge Our company 2021 15 years ◎ Major Company 10 years or 2013 X A up to 15 years 10 years or Major
Slide 36: Key takeaway 1: Pursuit of High-quality Housing
Key takeaway 1: Pursuit of High-quality Housing MEIWA JISYO COMMUNITY has acquired a high customer satisfaction in condominium management after the delivery Copyright © MEIWA ESTATE Co., Ltd. All rights reserved.
Slide 37: Key takeaway 1: Pursuit of High-quality Housing
Key takeaway 1: Pursuit of High-quality Housing Advanced condominium management using information and communications technology involving condominium management sites and partner companies to improve our management service quality kanri.onlineの基本機能 管理員業務日誌 業務日誌をiPadで簡単作成 管理員打刻機能 iPadでボタンをタッチ 管理員出勤
Slide 38: Key takeaway 2: Capital Turnover Awareness
Key takeaway 2: Promote Business Operations with an Awareness of Capital Turnover Management with ROIC and WACC in mind Changes in ROIC and WACC (Unit:%) 5.03 4.30 4.06 3.90 3.76 3.04 3.38 ROIC 2.25 2.39 2.35 2.67 WACC 2.11 1.94 FY03/19 FY03/20 FY03/21 FY03/22 FY03/23 FY03/24 FY03/25 * Calculated
Slide 39: Key takeaway 2: Capital Turnover Awareness
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 40: Key takeaway 2: Capital Turnover Awareness
Key takeaway 2: Promote Business Operations with an Awareness of Capital Turnover In WS and Purchase and Resale Business, we have expanded purchases to strengthen its operations, resulting in a temporary decline in capital turnover. Brokerage and Condominium Management Business are growing stead
Slide 41: Key takeaway 2: Capital Turnover Awareness
Key takeaway 2: Promote Business Operations with an Awareness of Capital Turnover We aim for further growth in our Brokerage and Condominium Management Businesses. By improving the efficiency of our Purchase and Resale operations and enhancing the profitability of the WS Business, we are working
Slide 42: Trends in Interest-Bearing Debt
[Ref.] Trends in Interest-Bearing Debt As of the end of March 2025, borrowings temporarily increased due to expanded purchases to strengthen the Real Estate Agency Business. In the current fiscal year, we aim to improve capital turnover and reduce the level of debt. Trends in Interest-Bearing De
Slide 43: Key takeaway 3: Development of Project Pipeline
Key takeaway 3: Development of Project Pipeline Looking beyond the Strategy 2027, we are working on real estate M&A, reconstruction business, and pipeline development Strategy 2027 period FY03/25 FY03/26 FY03/27 FY03/28 FY03/29 From FY03/30 onwards T-Building Becoming a Completion of Tachikawa, Ho
Slide 44: Key takeaway 3: Development of Project Pipeline
Key takeaway 3: Development of Project Pipeline We are actively acquiring well-located properties through M&A deals in markets with limited competition Examples of M&A for acquisition of real estate to utilize as sales materials ① Make a company into a subsidiary through ② Transfer real estate and
Slide 45: Key takeaway 3: Development of Project Pipeline
Key takeaway 3: Development of Project Pipeline Since 2021, 54 properties have been purchased through M&A We will continue to actively utilize M&A as one of our purchase methods Examples of companies acquired through M&A Outline of Company A Outline of Company B Acquisition of real estate throug
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 O
Slide 47: The Strategy 2027
[Ref.] The Strategy 2027 For details of the Strategy 2027, please refer to the explanatory materials. ▶IR site:the Strategy 2027 https://www.meiwajisyo.co.jp/corp/ir/plan/ Copyright © MEIWA ESTATE Co., Ltd. All rights reserved.
Slide 48: Residential Development Business
Residential Development Business
Slide 49: Residential Development Business
Residential Development Business Results: Net sales of ¥53.3 billion (up 8.1% YoY), Segment profit of ¥3.8 billion (down 8.8% YoY) Purchases: ¥46 billion (down 11.9% YoY) Purchases executed with a careful selection of good locations In addition to the above, purchases for the land and buildi
Slide 50: Residential Development Business Results FY03/25
Residential Development Business Results FY03/25 Net sales increased YoY, segment profit decreased YoY （Millions of yen） FY03/24 FY03/25 Change Change Actual Actual (%) Net sales Sales to external customers 49,403 53,388 3,985 8.1% Intersegment sales and － － － － transfers Total 49,403 53,388 3,985
Slide 51: Residential Development Business: Net Sales
Residential Development Business: Net Sales Net sales in FY03/25 were ¥53.3 billion（up 8.1％ YoY） Net sales Condominiums （Millions of yen） Land and Buildings Others +8.1% Others 53,388 Others 63 49,403 150 8,072 Land and Buildings 1,346 47,992 45,165 FY03/24 FY03/25 Copyright © MEIWA ESTATE Co., Lt
Slide 52: Residential Development Business: Segment Profit
Residential Development Business: Segment Profit Decrease in gross profit led to decrease in segment profit YoY Analysis of factors behind change in segment profit Positive change Negative change （Millions of yen） Decrease in Gross profit Decrease in 4,262 -602 SG&A 3,886 +226 (-375) ・due to decre
Slide 53: Major Completed Condominiums in FY03/25
Topics: Major Completed Condominiums in FY03/25 Developed high-value-added properties Yokohama, Kanagawa Chuo, Tokyo ZEH-M Oriented Total number of units: 26 ZEH-M Oriented Total number of units: 28 Delivered in February 2025 Delivered in January 2025 ▶ CLIO Gallery (Completed Properties Gallery)
Slide 54: Leading Sales Indicators (KPIs) for Residential Development
[Ref.] Leading Sales Indicators (KPIs) for the Residential Development Business 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 Amou
Slide 55: Residential Development Business: Purchases
Residential Development Business: Purchases Purchases in FY03/25 amounted to ¥46.0 billion (down 11.9% YoY) Conducted carefully selected purchases in consideration of the recent rise in construction costs *Only for new condominiums Purchases* *Based on planned sales price （Millions of yen） -11.9
Slide 56: Diversification of Asset Classes
[Ref.] Diversification of Asset Classes Total purchases in the Residential Development and Wealth Solution Business: ¥74.3 billion (up 14.4% YoY) Site information is examined from various angles to diversify assets * Based on planned Purchases in Residential Development and Wealth Solution Busin
Slide 57: Residential Development Business: Supply
Residential Development Business: Supply Supply in FY03/25 amounted to ¥34.8 billion (down 48.3% YoY) *Only for new condominiums Supply *Based on planned sales price （Millions of yen） -48.3% 67,511 Q4 16,010 Q3 34,870 29,991 Q4 11,601 Q3 Q2 4,946 8,572 Q2 Q1 Q1 9,005 12,936 9,316 FY03/24 FY03/25 C
Slide 58: Residential Development Business: Sales Contracts
Residential Development Business: Sales Contracts Sales contracts in FY03/25 amounted to ¥49.7 billion (down 6.8% YoY) *Only for new condominiums Sales contracts *Based on contract price （millions of yen） -6.8% 53,304 49,704 Q4 Q4 17,590 12,758 Q3 Q3 10,202 16,789 Q2 Q2 12,942 9,298 Q1 Q1 13,801 9
Slide 59: Residential Development Business: Completed Inventory
Residential Development Business: Completed Inventory Completed inventory at the end of FY03/25 was 135 units Completed inventory (completed uncontracted units) *Only for new condominiums 135 units 11 units End of End of FY03/24 FY03/25 Copyright © MEIWA ESTATE Co., Ltd. All rights reserved.
Slide 60: Sales Progress of Completed Inventory
Residential Development Business: Sales Progress of Completed Inventory Some of properties developed by branches was sold after completion due to the impact of increasing construction costs Sales are progressing steadily, and we aim to sell out by the end of FY03/26 Number of Uncontracted Units
Slide 61: Real Estate Agency Business
Ey =e RealEstate Agency Business Ji
Slide 62: Real Estate Agency Business
Real Estate Agency Business Results: Net sales ¥19.6 billion (up 29.3% YoY), Segment profit ¥1.3 billion (up 161.4% YoY) The Purchase and Resale Business is expanding strong through increasing its workforce Net sales: ¥12.7 billion (up 15.3% YoY) In the Brokerage Business, net sales increase
Slide 63: Real Estate Agency Business Results FY03/25
Real Estate Agency Business Results FY03/25 Net sales and profit increased YoY （Millions of yen） FY03/24 FY03/25 Change Change Actual Actual (%) Net sales Sales to external customers 15,217 19,669 4,452 29.3% Intersegment sales and － － 184 184 transfers Total 15,217 19,854 4,637 30.5% Segment prof
Slide 64: Real Estate Agency Business: Net Sales
Real Estate Agency Business : Net Sales Net sales in FY03/25 were ¥19.6 billion（up 29.3％ YoY） Net sales Purchase and Resale Wealth Solution(WS) （Millions of yen） Brokerage Others +29.3% 19,669 509 15,217 5,135 472 2,698 1,257 974 12,766 11,071 FY03/24 FY03/25 Copyright © MEIWA ESTATE Co., Ltd. All
Slide 65: Real Estate Agency Business: Segment Profit
Real Estate Agency Business : Segment Profit Significant increase in gross profit absorbing an increase in SG&A expenses led to increased segment profit YoY Analysis of factors behind change in segment profit Positive change Negative change （Millions of yen） Purchase and Resale +736M WS +443M Incr
Slide 66: Real Estate Agency Business: Purchase and Resale
Real Estate Agency Business: Purchase and Resale Net sales in FY03/25 were ¥12.7 billion (up 15.3% YoY) Net sales of Purchase and Resale （Millions of yen) +15.3% 12,766 11,071 Q4 4,347 Q4 3,780 Q3 Q3 3,267 3,603 Q2 Q2 3,051 1,901 Q1 Q1 1,787 2,100 FY03/24 FY03/25 Copyright © MEIWA ESTATE Co., Ltd.
Slide 67: Real Estate Agency Business: Brokerage
Real Estate Agency Business: Brokerage Net sales in FY03/25 were ¥1.2 billion(up 29.1% YoY) Net sales（Brokerage fees） （Millions of yen） +29.1% 1,257 Q4 974 302 Q4 Q3 244 294 Q3 263 Q2 Q2 305 233 Q1 Q1 354 232 FY03/24 FY03/25 Copyright © MEIWA ESTATE Co., Ltd. All rights reserved.
Slide 68: Real Estate Agency Business: Wealth Solution
Real Estate Agency Business: Wealth Solution Completed settlement and delivery of five properties in FY03/25 As of the end of March 2025, sales contracts had been concluded for three properties, with settlement and delivery scheduled for FY03/26 Main properties delivered in FY03/25 CLIO la belle
Slide 69: Condominium Management Business
Condominium Management Business
Slide 70: Condominium Management Business
Condominium Management Business Results: Net sales ¥6.0 billion (up 5.3% YoY), Segment profit ¥0.5 billion (up 6.6% YoY) Steady progress in switchover from other property management companies backed by high customer satisfaction Number of new contracted units in FY03/25: 3,310 units (of which
Slide 71: Condominium Management Business Results FY03/25
Condominium Management Business Results FY03/25 Net sales and profit increased YoY （Millions of yen） FY03/24 FY03/25 Change Change Actual Actual (%) Net sales Sales to external customers 5,729 6,030 301 5.3% Intersegment sales and 33 33 0 -0.4% transfers Total 5,762 6,064 301 5.2% Segment profit 4
Slide 72: Condominium Management Business: Net Sales
Condominium Management Business: Net Sales Net sales in FY03/25 were ¥6.0 billion (up 5.3% YoY) Change in net sales of Condominium Management Business （Millions of yen） Full-year Full-year 6,030 Full-year 5,729 Full-year 5,512 5,040 Q4 Q4 1,554 Q4 1,474 Q4 1,410 1,374 Q3 Q3 Q3 1,515 Q3 1,474 1,453
Slide 73: Condominium Management Business: Net Sales
Condominium Management Business: Net Sales Increase in Management fees due to an increase in switchovers from other management companies Net sales （Millions of yen） Others Construction-related Managemet fees +5.3% 6,030 5,729 198 216 803 897 4,614 5,028 FY03/24 FY03/25 Copyright © MEIWA ESTATE Co.
Slide 74: Condominium Management Business: Segment Profit
Condominium Management Business: Segment Profit Increase in gross profit due to increase in management fees absorbing increase in SG&A, mainly personnel expenses, led to increased segment profit YoY Analysis of factors behind change in segment profit Positive change Negative change （Millions of ye
Slide 75: Condominium Management: No. of Units Under Management
Condominium Management Business: No. of Units Under Management No. of units under management increased to 51,982 units as of the end of FY03/25 Number of units under management 51,982 units 48,940 units 45,759 units 43,471 units 42,676 units End of End of End of End of End of FY03/21 FY03/22 FY03/
Slide 76: Condominium Management: New Management Contracts
Condominium Management Business: New Management Contracts Switchovers from other management companies progress steady Continue strengthening switchovers from other management companies Change in number of units under new management contracts *Based on start of management Condominiums managed by
Slide 77: Highly Rated in Customer Satisfaction Survey
Topics: Highly Rated in Customer Satisfaction Survey Our evaluation in the “Management company representative” category of the Oricon Customer Satisfaction Ranking is rising Change in ranking of Management company representative category (Unit: rank) 1 1 1 Company M MEIWA JISYO COMMUNITY Company N
Slide 78: Fact Sheet
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Slide 79: Consolidated Balance Sheet as of End of FY03/25
Consolidated Balance Sheet as of End of FY03/25 （Millions of yen) Change End of FY03/24 End of FY03/25 Change (%) Total assets 124,151 152,097 27,945 22.5% Current assets 115,071 140,112 25,040 21.8% Cash and deposits 34,902 22,472 -12,430 -35.6% Real estate for sale 16,433 26,974 10,541 64.1% Real
Slide 80: Residential Development: Sales Breakdown and Leading Sales Indicators
Residential Development Business: Sales Breakdown and Leading Sales Indicators （Millions of yen） FY03/24 FY03/25 FY03/26 Change Change(%) Change (%) Actual Actual Forecast Net sales 49,403 53,388 3,985 8.1% － － Condominiums 47,992 45,165 -2,827 -5.9% 50,600 12.0% Units delivered 804 units 816 units
Slide 81: Real Estate Agency: Sales Breakdown and Leading Sales Indicators
Real Estate Agency Business: Sales Breakdown and Leading Sales Indicators （Millions of yen） FY03/24 FY03/25 FY03/26 Change Change(%) Change (%) Actual Actual Forecast Net sales 15,217 19,669 4,452 29.3% 24,400 24.0% Purchase and Resale 11,071 12,766 1,694 15.3% 20,000 56.7% Units delivered 173 units
Slide 82: Condominium Management: Sales Breakdown and Leading Sales Indicators
Condominium Management Business: Sales Breakdown and Leading Sales Indicators （Millions of yen） FY03/24 FY03/25 FY03/26 Change Change(%) Change (%) Actual Actual Forecast Net sales 5,729 6,030 301 5.3% 6,700 11.1% Management fees 4,614 5,028 413 9.0% － － Construction-related 897 803 -94 -10.5% － － O
Slide 83: Residential Development Business: Progress Against Sales Targets
[Ref.] Residential Development Business: Progress Against Sales Targets Sales materials have been secured for FY03/26 （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 － － Contracts concluded (②) － 45.5 22.5 Supplied, no c
Slide 84: Purchase and Resale: Progress Against Sales Targets
[Ref.] Real Estate Agency Business, Purchase and Resale: Progress Against Sales Targets Secured sales materials for FY03/26 （Billions of yen） FY03/25 FY03/26 FY03/27 Net sales (Real Estate 22.1 28.0 33.7 Plan Agency ) Purchase and Resale 14.1 18.2 20.0 Net sales recorded (①) 12.7 － － Contracts con
Slide 85: 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 86: 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 87: 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