Loadstar Capital Kk · TSE:3482
Loadstar Capital Kk — Q3 2024 Earnings Presentation
26 slides from Loadstar Capital Kk's earnings presentation, November 2024
Slide 1: Q3 FY2024 Financial Results
Q3 FY2024 Financial Results (Nine-month period ended September 30, 2024) Loadstar Capital K.K. Securities Code: 3482 November, 2024 © Loadstar Capital ALL RIGHTS RESERVED
Slide 2: 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
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．Business Highlights & Topics of Q3 FY2024 P. 3 ２．Overview of Q3 FY2024 Financial Results P. 7 ３．Business Overview by Segment P. 13 ４．Progress of Medium-Term Management Plan P. 23 “Loadstar" means Loadstar Capital K.K. “Loadstar Group" means Loadstar Capital K.K. and its subsidiar
Slide 4: Business Highlights & Topics of Q3 FY2024
1 Business Highlights & Topics of Q3 FY2024 © Loadstar Capital ALL RIGHTS RESERVED 3
Slide 5: Business Highlights
Business Highlights FY2024 Q3 Financial Results • In the Corporate Funding Business, Loadstar sold a large property, resulting in a significant increase in profits. The balance of real estate as inventory increased considerably. All businesses are making steady progress toward achieving the plan. (B
Slide 6: Topics of Q3 FY2024
Topics of Q3 FY2024 1. Acquired 6 Luxury Resort Hotels Operated by Hiramatsu. Loadstar has increased hotel investments in response to inflation and strong demand from travelers to Japan. As part of this strategy, Loadstar acquired the hotels. Hiramatsu continues to operate the hotels. 2. Achieved th
Slide 7: Real Estate Market Outlook
Real Estate Market Outlook Overall Outlook • Tokyo ranked first in the global city-by-city investment ranking for the first half of 2024, with investment volume up 21% from the first half of the previous fiscal year. (Source: JLL Investment Market Summary, Q2 2024) • Demand for hotels has remained s
Slide 8: Overview of Q3 FY2024 Financial Results
2 Overview of Q3 FY2024 Financial Results © Loadstar Capital ALL RIGHTS RESERVED 7
Slide 9: Consolidated Sales
Consolidated Sales • Consolidated sales increased 2% year on year to 24.2 billion yen. • The real estate market remains brisk, particularly with strong demand from domestic businesses and real estate companies. • European and U.S. real estate funds have resumed acquisition of properties, and further
Slide 10: Cost structure
Consolidated Profit before income taxes and Cost Controls • Consolidated profit before income taxes totaled 8.4 billion yen, up 35% year on year. • The pre-tax profit margin increased significantly due to the improved leasing profit margin and growth in the Asset Management and Crowdfunding Business
Slide 11: Consolidated Statements of Income
Consolidated Statements of Income • Operating profit, profit before income taxes, and profit significantly exceeded the previous year's results. Loadstar Group made over 80% progress for its original plan. FY2024Q3 Results FY2024 (Forecasts) (Millions of yen) % of the % of Net Progress vs. % of Net
Slide 12: Consolidated Financial Position
Consolidated Financial Position • Loadstar acquired 11 properties and sold 5 properties. As a result, the real estate as inventory reached a record high of 80.5 billion yen. • Although the net asset ratio has declined slightly, unrealized gains have accumulated considerably. Loadstar does not have a
Slide 13: Return to Shareholders
Return to Shareholders Basic Policy • Loadstar strives to improve corporate value and shareholder profit by expanding business performance Dividend Policy • Loadstar shall perform stable and continuous profit returns with a payout ratio of 17%. Surplus Dividend to For Future Growth Share Buybacks Sh
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 to Open Up a New Market
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: Corporate Funding Business Results [Real Estate Investment Sales]
Corporate Funding Business Results [Real Estate Investment Sales] • Loadstar sold 5 offices. As a result, net sales totaled 20.3 billion yen, the same level year on year. • Net sales were generally flat due to the sale of high -margin property. However, Loadstar is making steady progress in accumula
Slide 17: Corporate Funding Business Results [Real Estate Leasing Sales]
Corporate Funding Business Results [Real Estate Leasing Sales] • Net sales increased 16% year on year to 2.1 billion yen, with both hotels and offices performing well. • Operating revenues from the six hotels acquired from Hiramatsu were recorded in the Corporate Funding Business (Hotel Operation).
Slide 18: Corporate Funding Business Results [Hotel Operation]
Corporate Funding Business Results [Hotel Operation] • Loadstar recorded operating revenues from the following six hotels acquired from Hiramatsu in the Corporate Funding Business (Hotel Operation). • Net sales from hotel operation were 390 million yen, and hotel operation cost was 350 million yen (
Slide 19: Corporate Funding Business Results
Corporate Funding Business Results • The profit margin increased significantly due to the sale of a large property that Loadstar had held for seven years. • The balance of real estate as inventory reached a record high, and along with this, unrealized gains have increased. • Loadstar continues to in
Slide 20: Asset Management Business Results
Asset Management Business Results • Sales jumped 79% year on year to 974 million yen due to new mandates for projects and the sale of some assets. • Loadstar subsidiary has received mandates for asset management services for Hiramatsu Hotels from Loadstar. Therefore, Hiramatsu Hotels are included in
Slide 21: Real Estate Tech: Real Estate X Tech to Open Up a New Market
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 • Sales increased 44% year on year to 480 million yen due to the steady project originations. • Operating loans increased 32% from the previous year -end to 9.1 billion yen, the largest ever. Net Sales and Operating Loans（Millions of yen） 1Q 9,161 2Q 8,420 Percentage of
Slide 23: Crowdfunding Business (KPI)
Crowdfunding Business (KPI) • The number of investor members has generally remained flat. However, Loadstar has seen strong demand for projects, as even projects worth several hundred million yen are completed within a few minutes. • As for STO launch, Loadstar is looking to prepare for launch as so
Slide 24: Progress of Medium-Term Management Plan
4 Progress of Medium-Term Management Plan © Loadstar Capital ALL RIGHTS RESERVED 23
Slide 25: Progress of Medium-Term Management Plan
Progress of Medium-Term Management Plan • Loadstar is working to increase sales and profits in all businesses, aiming to achieve the targets of the medium-term management plan. • Currently, Loadstar is behind the plan regarding AUM and OwnersBook investment. To achieve the target, we are committed t
Slide 26: 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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