Loadstar Capital Kk · TSE:3482
Loadstar Capital Kk — Q1 2025 Earnings Presentation
34 slides from Loadstar Capital Kk's earnings presentation, April 2025
Slide 1: Q1 FY2025 Financial Results
Q1 FY2025 Financial Results (Three-month period ended March 31, 2025) Loadstar Capital K.K. Securities Code: 3482 April, 2025 © Loadstar Capital ALL RIGHTS RESERVED
Slide 2: Real estate and technology fusion opening the future market
不動産とテクノロジーの融合が 未来のマーケットを切り開く 1
Slide 3: Table of Contents
Table of Contents １．Highlights of the Q1 FY2025 P. 3 ２．Overview of Q1 FY2025 Financial Results P. 7 ３．Business Overview by Segment P. 13 ４．Medium-Term Management Plan(FY2025-2027) P. 22 “Loadstar" means Loadstar Capital K.K. “Loadstar Group" means Loadstar Capital K.K. and its subsidiaries. “Loadsta
Slide 4: Highlights of the Q1 FY2025
1 Highlights of the Q1 FY2025 © Loadstar Capital ALL RIGHTS RESERVED 3
Slide 5: Highlights of the Q1 FY2025
Highlights of the Q1 FY2025 • The sale of a hotel in Corporate Funding business contributed to significant progress in each level of sales and profit compared to the forecast. • Property acquisition was also strong, and the balance of real estate as inventory has increased significantly. (Billions o
Slide 6: Topics of Q1 FY2025
Topics of Q1 FY2025 1. Sale of a business hotel Successfully sold “Nest Hotel Tokyo Hanzomon”, which was acquired during the COVID-19 pandemic in 2022. Loadstar managed to significantly increase its value. The sale greatly contributed to Q1 earnings. The decision to acquire the property was made und
Slide 7: Real Estate Market Outlook
Real Estate Market Outlook Overall Outlook • The global real estate investment volume for the full year 2024 increased by 14% year-on-year to 703 billion dollars, while Japan's real estate investment volume rose by 63% year-on-year to 5,487.5 bilion yen, surpassing 5 trillion yen for the first time
Slide 8: Overview of Q1 FY2025 Financial Results
2 Overview of Q1 FY2025 Financial Results © Loadstar Capital ALL RIGHTS RESERVED 7
Slide 9: Consolidated Sales and ROE
Consolidated Sales and ROE • Consolidated sales increased 35% year on year to 11 billion yen. • The real estate market continues to be active, with particularly high demand from domestic companies including real estate companies. • European and U.S. real estate funds have resumed acquisition of prop
Slide 10: Consolidated Profit before income taxes and Cost Controls
Consolidated Profit before income taxes and Cost Controls • The consolidated profit before tax increased by 123% year-on-year to 5.2 billion yen, partly due to 170 million yen in derivative valuation gains related to interest rate swap contracts that were executed in preparation for interest rate hi
Slide 11: Consolidated Statements of Income
Consolidated Statements of Income FY2025Q1 Results FY2025 (Forecasts) % of Net Progress vs. % of Net % of the Amount sales % Y-o-Y original Amount sales previous （Billions of yen） forecast fiscal year Net sales 11.0 100.0% 135.3% 23.1% 47.9 100.0% 139.2% Gross Profit 6.1 55.4% 202.0% 39.7% 15.4 32.2
Slide 12: Consolidated Balance Sheet
Consolidated Balance Sheet • balance of real estate as inventory reached a record high of 91.9 billion yen as a result of the acquisition of 3 properties and the sale of 1 property. • As a result of strong crowdfunding business, operating loans exceeded 10 billion yen for the first time. As of Q1, F
Slide 13: Return to Shareholders
Return to Shareholders Basic Policy • Loadstar strives to improve corporate value and shareholder prof it by expanding business perf ormance. Devidend Policy • Loadstar aims to provide stable and continuous returns to shareholders, with a target dividend payout ratio of 18% or higher. • The dividend
Slide 14: Business Overview by Segment
3 Business Overview by Segment © Loadstar Capital ALL RIGHTS RESERVED 13
Slide 15: Real Estate Investments: Real Estate X Tech
Real Estate Investments Real Estate X Tech to Open Up a New Market Real Estate Investments Real Estate Tech CORPORATE FUNDING ASSET MANAGEMENT CROWDFUNDING Investment in real Management of Japan’s first real estate using internal investment real estate estate crowdfunding funds, and property on beha
Slide 16: Net Sales (Real estate investment)
Corporate Funding Business Results [Real Estate Investment Sales] • Net sales was 8.8 billion yen, a 28% increase year -on-year, as a result of a sale of a hotel property. • We acquired three office properties, and the accumulation of real estate that will serve as our future management foundation i
Slide 17: Net Sales (Real estate leasing)
Corporate Funding Business Results [Real Estate Leasing Sales] • Both hotels and offices performed steadily, resulting in net sales of 0.75 billion yen, a 26% increase year-on-year. • The rental profit margin also maintained a high level. Net Sales（Real estate leasing） （Billions of yen） 1Q 2Q 2.9 3Q
Slide 18: Net Sales (Hotel Operation)
Corporate Funding Business Results【Hotel Operations】 • While hotel operation revenue progressed almost as planned, the profit margin declined due to factors such as increased personnel costs. As a result, hotel operation revenue was 1.14 billion yen, and hotel operation costs were 1.08 billion yen (
Slide 19: Corporate Funding Business Results
Corporate Funding Business Results • As offices are showing reasonable value we have been investing primarily in office properties, and the balance of real estate as inventory reached the highest ever. • Regarding hotels, we may consider disposition if needed, taking into account inbound demand and
Slide 20: Asset Management Business Results
Asset Management Business Results • Due to a large sales associated with the sale of assets in the previous period, net sales decreased to 0.17 billion yen compared to the same period of the previous year. • Although AUM (Assets Under Management) decreased compared to the end of the previous year du
Slide 21: Real Estate Tech: Real Estate X Tech
Real Estate Tech Real Estate X Tech to Open Up a New Market Real Estate Investments Real Estate Tech CORPORATE FUNDING ASSET MANAGEMENT CROWDFUNDING Investment in real Management of Japan’s first real estate using internal investment real estate estate crowdfunding funds, and property on behalf of p
Slide 22: Crowdfunding Business Results
Crowdfunding Business Results • The business is progressing smoothly, with net sales of 0.17 billion yen, up 7% year -on- year, and operating loans reaching a record high of 10.7 billion yen (up 9% from the end of the previous fiscal year). • The cumulative investment amount since the service launch
Slide 23: Medium-Term Management Plan (FY2025-2027)
4 Medium-Term Management Plan (FY2025-2027) © Loadstar Capital ALL RIGHTS RESERVED 22
Slide 24: Basic Policy
Basic Policy Lead real estate investment through the fusion of Basic Policy advanced expertise and IT, and become one-of-a-kind independent company. Environmental Business Response Policy Awareness Strategy Accumulation of real estate balance Population decline and urban areas Concentrated investmen
Slide 25: Management Indicators
Management Indicators • We aim for a 74% increase in net sales and a 67% increase in profit before income taxes (with a CAGR of approximately 20% over 3 years). • Although the cost of property sales and HIRAMATSU HOTELS will increase slightly, the profit margin before tax is expected to remain betwe
Slide 26: Business Strategy
Business Strategy Corporate Funding Business (Real Estate Investment/Leasing) ■Business Development■ • While expanding investment in offices, which are attracting renewed attention Expansion of Real Estate Stock due to rapidly improving vacancy rates and rents, Loadstar is also looking for Book Valu
Slide 27: Business Strategy
Business Strategy Asset Management Business Crowdfunding Business Establishing a position as an independent Opening up real estate investment mid-sized asset management company opportunities to individuals Accumulation of AUM (billions of yen) OwnersBook Investment Amount (billions of yen) 300 20 13
Slide 28: Capital Allocation
Capital Allocation 有利子負債 • The majority of cash inflow from operations will be used for growth investments. 匿名組合出資預り金 • We will accumulate real estate holdings as a future revenue base and expandその他負債 our balance sheet while maintaining financial discipline. 純資産 現金及び預金 有利子負債 Capital Allocation BS Gr
Slide 29: Enhancement of Corporate Value
Enhancement of Corporate Value We aim to improve ROE/PER through various measures. ➢ Enhancement of IR activities Expected ➢ Strengthening information dissemination Growth Rate PER ➢ Reduction of performance volatility Shareholders’ ➢ Strengthening governance Equity Cost PBR ➢ Discovery of propertie
Slide 30: Increasing PER
Increasing PER Fostering Expectations for Profit Growth Current Situation While investors have given a certain level of recognition for our high profitability, Assessment it is difficult to say that there are high expectations for future growth. • Formulation and execution of growth strategies ➢ We
Slide 31: Incentive Design Based on Share Price Performance
Incentive Design Based on Share Price Performance Directors' compensation system Based on the deliberations and recommendations of the Nomination and Compensation Committee, which consists of a majority of independent outside directors, the determination is Fixed Compensation made considering the co
Slide 32: Shareholder Returns
Shareholder Returns Basic Policy Loadstar strives to improve corporate value and shareholder profit by expanding business performance. Dividend Policy Loadstar aims to provide stable and continuous returns to shareholders, with a target dividend payout ratio of 18% or higher. Dividend Amount and Pay
Slide 33: Corporate Governance Initiatives
Corporate Governance Initiatives 1. Strengthening Governance Initiatives to Date Strengthening of Corporate Governance Structure Outside Officers Ratio of 50% Percentage of Female Officers: 20% Items KPIs (by 2030) Establishment of the Nomination Ratio of Female Conducting Board Evaluation 30% or mo
Slide 34: Disclaimers
Disclaimers • The contents of this document are being supplied to you solely for your information and may not be reproduced, redistributed or passed on, directly or indirectly, to any other person or published in whole or in part, for any purpose without our prior permission. This document is being
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