Slide 1: Financial Results for Q1 Fiscal Year 2026
Leopalace21 Corporation Financial Results for Q1 Fiscal Year 2026
Slide 2: Table of Contents
Table of Contents Executive Summary p.3 Chapter 1 Outline of the Financial Results for Q1 FY2026 p.4 Chapter 2 Leasing Business Conditions p.10 Chapter 3 Development Business Conditions p.18 Appendix p.21 (Note) This material contains some forward-looking statements. Please understand that actual re
Slide 3: Executive Summary
Executive Summary Net sales and profits are broadly in line with the plan for Q1 FY2026. ・Net sales: JPY 115.9 bn (-JPY 0.1 bn vs plan) PL ・Operating profit: JPY 12.1 bn (-JPY 0.1 bn vs plan) ・Recurring profit: JPY 12.2 bn (+JPY 0.0 bn vs plan) ・Net income: JPY 7.0 bn (-JPY 0.0 bn vs plan) The avera
Slide 4: Outline of the Financial Results for Q1 FY2026
Chapter 1 Outline of the Financial Results for Q1 FY2026
Slide 5: PL: Q1 FY2026 vs Q1 FY2025 and Plan
Chap 1 1. PL Q1 FY2025 Q1 FY2026 Q1 FY2026 Factors contributing to (JPY million) Comparison with Actual* Actual Plan Comparison with changes Q1 FY2026 Q1 FY2026 Plan ■Net sales Net sales +3.7% +4,184 111,717 115,902 116,100 (197) (0.2%) The average unit rent remained at a high level primarily due to
Slide 6: PL (Quarterly Comparison)
Chap 1 2. PL (Quarterly Comparison) FY2025* FY2026 (JPY million) Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 FY Total Actual Actual Actual Actual Plan Actual Plan Plan Plan Plan Net sales 111,717 110,293 110,699 112,109 116,100 115,902 115,800 116,300 116,800 465,000 Cost of sales 86,612 88,846 89,514 90,372 89,900 89,
Slide 7: Cost of Sales
Chap 1 3. Cost of Sales Cost of sales for Q1 FY2026 increased compared with the Q1 FY2025 due to factors such as enhanced maintenance efforts. (JPY billion) Leasing Operation Leasing Management Others YoY Compared with plan +2.7 bn -0.5 bn Increase due to Development Business +0.8 bn +0.1 bn Almost
Slide 8: SG&A Expenses
Chap 1 4. SG&A Expenses Increase from the previous year due to investing in human resources and DX. (JPY billion) Personnel Advertising Sales commission Others* 16.0 YoY 14.3 Compared with plan 13.9 14.0 +1.5 bn +0.4 bn 12.8 12.0 Promoting investment in DX Promoting investment invested (expenses by
Slide 9: BS
Chap 1 5. BS End of End of Change from the end of (JPY million) Factors contributing to changes FY2025** Q1 FY2026 previous quarter Cash and deposits 57,908 65,719 +7,811 ■Cash and deposits Revenue and other income from the Leasing Business Trade receivables 7,927 7,132 (794) increased by JPY 7.8 bi
Slide 10: Leasing Business Conditions
Chapter 2 Leasing Business Conditions
Slide 11: Changes in Average Unit Rent for New Contracts
Chap 2 1. Changes in Average Unit Rent for New Contracts The average unit rent for new contracts (index) for June 2026, marked a record high of 123 mainly helped by the corporate customers’ rising unit rent. (Apr 2016 set as 100) FY2024 FY2025 FY2026 FY2026(Plan) 125 120 115 110 105 100 Apr May Jun
Slide 12: Movements in Occupancy Rate
Chap 2 2. Movements in Occupancy Rate Driven primarily by corporate contracts, mainly consisting of foreign national tenants, the average occupancy rate for Q1 FY2026 was 87.23% (+0.98 p YoY, and +0.19 p against the plan). ◆FY2026 Plan Avg. 86.49% End 89.24% 90% ■FY2026 Actual ▲FY2025 Actual Avg. 85
Slide 13: Changes in Occupancy Rate by Type of Contract
Chap 2 3. Changes in Occupancy Rate by Type of Contract We continued a policy of restraining monthly lease contracts*1 which yield low profits. The occupancy rate for ordinary lease contracts*2 has remained higher than the previous period. Ordinary lease contracts Ordinary lease contracts (Plan) Mon
Slide 14: Shares of Occupied Units by Customer Segment
Chap 2 4. Shares of Occupied Units by Customer Segment The composition ratio by the corporate customers remained at 66.5%, the highest level in the past. （+1.8 p YoY, +0.0 p QoQ） (Units) Student-occupied units Individual-occupied units Corporate-occupied units Composition Ratio 474,656 477,888 479,5
Slide 15: Occupancy by Industry
Chap 2 5. Occupancy by Industry The number of units used by the corporate customers reached the highest level compared with Q1 of previous fiscal years. The numbers showed usual seasonal trends on QoQ, showing growth across all the industry on YoY. YoY QoQ No. of companies +3.3% -2.0% (41,213) (41,3
Slide 16: No. of Units Used by Foreign Nationals
Chap 2 6. No. of Units Used by Foreign Nationals The number of units used by foreign national tenants reached a record high of 66,719, representing 14.2% of the total. The number of foreign national tenants in corporate contracts, particularly in the industry of medical and welfare services, wholesa
Slide 17: Units and Occupancy Rates by Prefecture
Chap 2 7. Units and Occupancy Rates by Prefecture Q1 FY2026 followed the usual seasonal trend across Japan. Occupancy rates in Aomori and Akita increased both YoY and QoQ, driven by a rise in power plant and dam construction projects. Kumamoto and Miyazaki showed decreases both YoY and QoQ due to co
Slide 18: Development Business Conditions
Chapter 3 Development Business Conditions
Slide 19: Order Receipt Plan and Rate of Progress
Chap 3 1. Order Receipt Plan and Rate of Progress We expanded the activities in Osaka, Hiroshima and Fukuoka in FY2026. The number of apartment buildings ordered, the number of units ordered, and order value remained solid, all exceeding the prior-year level. Results for Q1 FY2026 Rate of Progress F
Slide 20: Launched New Model Named ArLk
Chap 3 2. Launched New Model Named ArLk Embrace a new style: versatile single living Standard with a wall-mounted TV to maximize space. The adjustable mount allows you to position it to suit your lifestyle. For evolving cooking styles, the kitchen features an easy-to-clean tabletop IH cooking heater
Slide 21: Appendix
ED Appendix
Slide 22: Corporate Profile
1. Corporate Profile Corporate Data (as of June 30, 2026) Group Companies (as of June 30, 2026) Leasing Established August 17, 1973 Leopalace Paid-in Capital JPY 100 million Leasing Plaza Guarantee ASUKA SSI Representative Director Bunya Miyao, President and CEO Corporate Rent guarantee Tenant conte
Slide 23: Results Trend
2. Results Trend Leopalace21 shifted its business model to center on the Leasing Business after the global financial crisis. With construction defects problem coming to light in FY2018 and another blow by COVID-19 impact starting from FY2020, implementing continuous structural reforms turned operati
Slide 24: Earnings Forecasts
3. Earnings Forecasts Both net sales and profits are expected to increase due to the Development Business expansion and the rising average unit rent for all occupied units in the Leasing Business. FY2025 FY2026 FY2027 (JPY million) Actual* Plan Change Change Plan Change Change Amount % Amount % Net
Slide 25: Occupancy Rate and Ave. Unit Rent for New Contracts Trends
4. Occupancy Rate and Ave. Unit Rent for New Contracts Trends The average unit rent for new contracts has been on an upward trend, driven by the price-focused strategy implemented starting in FY2023 and the elevated average unit rent achieved by the corporate contracts in FY2025. Average unit rent f
Slide 26: Development Business Plan
5. Development Business Plan Promoted a slower decline in the number of apartment units under management and reduced the average age of apartment buildings through rebuilding existing apartments and land-set sales. Changes in no. of apartment units under management FY2024 FY2025 FY2026 (plan) FY2027
Slide 27: Revision of management Indicators
6. Revision of management Indicators FY2025 FY2026 FY2027 Actual* Plan Plan** Capital ROE* 24.7% 44% 37% Efficiency ROIC* 27.8% 33% 30% EPS JPY 45.63 JPY 69.87 JPY 78.68 Profitability EBITDA 40,585 41,900 46,800 (JPY million) Financial Debt to EBITDA Ratio 0.8x 0.8x 0.7x Soundness ROE = Net income /
Slide 28: Shareholder Return
7. Shareholder Return We paid an annual dividend of JPY 10 for FY2025, and intend to increase it to JPY 15 for FY2026, with a target dividend payout ratio of 30% for FY2027. Dividend payout ratio Dividend 30% （Target） payout ratio 17.8% FY2027 FY2024 Dividend Policy Dividend per share Dividend ◆ We
Slide 29: Outline of the Capital Strategy Related to Fortress (2020-2025)
8. Outline of the Capital Strategy Related to Fortress (2020-2025) To alleviate concerns about dilution related to the exercise of stock acquisition rights, we executed a Tender Offer for Treasury Stock, Repurchase of Treasury Stock Acquisition Rights and Cancellation of Treasury Stock. 3. Issuance
Slide 30: eopalace21
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