Slide 1: LogProstyle Inc. - Redefine Lifestyle
NYSE American: LGPS LogProstyle Inc. Redefine Lifestyle. FY2026 Investor Presentation & FY2026 Earnings Release Investor Presentation | July 2026 | For Informational Purposes Only
Slide 2: Forward-Looking Statements
Forward-Looking Statements This presentation contains "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. Forward-looking statements include, but are not limited to, statements regarding LogProstyle Inc. 's (the "Company") future financial perform
Slide 3: Leadership: Founder-Led and Aligned
Leadership: Founder-Led and Aligned Yasuyuki Nozawa — Founder, President & CEO 2006 ~68.8% Yasuyuki Nozawa founded LogProstyle in 2006 and has led it as Company founded & led by Founder ownership — aligned President & CEO ever since — building it from a single Nozawa condominium-renovation business
Slide 4: Company Snapshot
Company Snapshot LogProstyle Inc. — FY2026 Earnings Highlights We built LogProstyle on a simple conviction: Tokyo's residential ¥22.2B +17.1% market is one of the most resilient in Japan, and we believe the FY2026 Full-Year Revenue (+7.6% FY2026 Operating Income YoY renovation opportunity is still l
Slide 5: Investment Thesis
Investment Thesis We built LogProstyle on a simple conviction: Tokyo's residential market is one of the most resilient in Japan, and we believe the renovation opportunity is still largely untapped. Twenty years in, we believe we have proven the model — disciplined acquisition, in-house renovation, f
Slide 6: Business Model: Capital Recycling Engine
Business Model: Capital Recycling Engine Develop 1 Acquire 2 / Renovate 3 Sell 4 Recycle Buy pre-owned condos or Full gut renovation or To retail buyers, Retained earnings land parcels at disciplined ground-up build; 1–2 year institutional investors, or reinvested into new entry prices cycles wholly
Slide 7: LogSuite: Premium Renovation Platform
LogSuite: Premium Renovation Platform Operating Momentum What Makes LogMansion Different Units Sold ▸ Full gut renovation — not cosmetic refurbishment 60 41 41 40 ▸ Signature walnut & oak interiors; in-house wood manufacturing 20 ▸ Units 60–200+ sqm (avg Tokyo resale: ~55 sqm)* 0 FY2025 FY2026 ▸ 2-y
Slide 8: Prostyle: Institutional Development Platform
Prostyle: Institutional Development Platform PROSTYLE PROSTYLE WEALTH Premium owner-occupied condos Compact rental units — institutional exit ▸ Solid wood flooring, high-end design ▸ 10–30 unit buildings, ~25 sqm average ▸ Sold via internal sales team ▸ Entire building sold to single investor ▸ ~1 o
Slide 9: Hotel Management: Recurring Income in the Making
Hotel Management: Recurring Income in the Making FY2025/FY2026 Full-Year Operating Highlights Portfolio — 4 Operating Hotels PROSTYLE RYOKAN TOKYO ASAKUSA Occupancy Rate (%) Flagship inbound tourism property 100 75 75 65 PROSTYLE RYOKAN YOKOHAMA 50 Domestic family leisure 25 0 PROSTYLE RYOKAN NAHA,
Slide 10: Tokyo: Japan's Most Resilient Residential Market
Tokyo: Japan's Most Resilient Residential Market LGPS is NOT a Japan housing play — it is a Greater Tokyo premium residential specialist. Tokyo 23-Ward Pre-owned Condo Prices (Indexed) Tokyo Structural Tailwinds* ✓ Ongoing urban migration from regional Japan 160 140 ✓ Continued household formation d
Slide 11: Financial Review
FINANCIAL REVIEW Financial Review FY2026 Results Investor Presentation | July 2026 | For Informational Purposes Only
Slide 12: Financial Highlights: FY2026 Full Year
Financial Highlights: FY2026 Full Year ¥22.2B 19.8% +0.8% +10.6% Revenue Gross Margin Net Income Adjusted EBITDA (FY2026 Full Year) (+260 bps YoY) YoY YoY Metric FY2026* FY2025* YoY Change Revenue 22,221 20,651 +7.6% Gross Profit 4,408 3,559 +23.9% Gross Margin 19.8% 17.2% +260 bps Operating Income
Slide 13: Three Distinct Earnings Engines
Three Distinct Earnings Engines LogSuite Prostyle LogAsset ~45% of Real Estate Segment Revenue ~40% of Real Estate Segment Revenue ~15% of Real Estate Segment Revenue Acquires premium pre-owned condos in Ground-up residential development in two Suburban landowner-direct sourcing and central Tokyo's
Slide 14: FY2026 Results: What Drove the Numbers
FY2026 Results: What Drove the Numbers Revenue +7.6% YoY Gross Margin +260bps YoY Operating Income +17.1% ¥20.7B → ¥22.2B 17.2% → 19.8% YoY Growth was moderate at +7.6%. The Gross margin of 19.8% came in at the ¥1,343M → ¥1,572M company completed 261 units (vs. 187 in upper end of the company's hist
Slide 15: Four-Year Financial Track Record (FY2023-FY2026)
Four-Year Financial Track Record (FY2023–FY2026) Metric FY2023* FY2024* FY2025* FY2026* Revenue Adjusted EBITDA 30,000 1,800 Revenue 13,264 14,122 20,651 22,221 1,644 1,600 Real Estate 11,954 12,411 18,819 20,600 1,487 25,000 Hotel Mgmt 691 1,044 1,249 1,310 22,221 1,400 20,651 Other 620 666 583 311
Slide 16: Balance Sheet: Asset-Backed, Capital Recycling in Action
Balance Sheet: Asset-Backed, Capital Recycling in Action Inventory Quality: Collateralized Real Estate Balance Sheet Snapshot (as of Mar 31, 2026) 2% Total Assets ¥27.0B 45% Inventories (RE) ~¥16.3B 53% Total Debt ~¥17.1B Shareholders' Equity ¥4.2B · $26.3M RE Held for Sale RE in Progress Other Inve
Slide 17: Capital Efficiency: Debt Is Structural, Not Distress
Capital Efficiency: Debt Is Structural, Not Distress Japanese banks lend against tangible collateral (land, condos). Construction & renovation costs are equity-funded. Leverage is asset- backed — not speculative corporate debt. LogSuite Financing Prostyle Financing Condo acquisition Debt-financed La
Slide 18: Interest Rates & Inflation: Risks Are Mitigated
Interest Rates & Inflation: Risks Are Mitigated Short Cycles Reduce Duration Risk Japan Rates Remain Globally Low LogSuite turns in ~1 year; Prostyle in 1.5–2 years. Capital is repriced Japan's policy normalization starts from near-zero. LGPS's weighted- faster than traditional developers — sensitiv
Slide 19: Potential Catalysts
Potential Catalysts 01 Earnings Consistency Over Time 02 Hotel Platform Scaling 03 Improved Model Understanding While project-based revenue can shift period to Asakusa II expected to open Oct 2028. Growing As US-listed Japanese companies remain rare, period depending on completion timing, LGPS third
Slide 20: Key Challenges: Acknowledged, Assessed, Contextualized
Key Challenges: Acknowledged, Assessed, Contextualized LGPS's risks are real but typical of the sector. Leverage & Refinancing Medium Tokyo Geographic Concentration Medium Asset-backed, short-duration project debt. Mitigated by capital recycling A risk AND a strength. Tokyo is Japan's most liquid, s
Slide 21: Investment Summary
Investment Summary ▸ Capital recycling model with short project cycles ▸ Short project cycles (1–2 years) structurally reduce duration and macro risk ▸ Tokyo residential fundamentals remain strong — urban concentration, constrained supply ▸ Hotel segment adds recurring income (¥1.31B FY2026 revenue,