Loadstar Capital Kk · TSE:3482
Loadstar Capital Kk — Q1 2024 Earnings Presentation
26 slides from Loadstar Capital Kk's earnings presentation, April 2024
Slide 1: Q1 FY2024 Financial Results
Q1 FY2024 Financial Results (Three months ended March 31, 2024) Loadstar Capital K.K. Securities Code: 3482 April, 2024 © Loadstar Capital ALL RIGHTS RESERVED
Slide 2: Real estate and technology fusion opening up 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．Topics of the Q1 FY2024 P. 3 ２．Overview of the Q1 FY2024 Financial Results P. 7 ３．Business Overview by Segment P. 12 ４．Forecast for the FY2024 and Real Estate Market Outlook P. 22 © Loadstar Capital ALL RIGHTS RESERVED 2
Slide 4: Topics of the Q1 FY2024
1 Topics of the Q1 FY2024 © Loadstar Capital ALL RIGHTS RESERVED 3
Slide 5: Highlights
Highlights FY2024 Q1 Financial Results • All businesses - Corporate Funding, Asset Management, and Crowdfunding – made steady progress. • We successfully accumulated real estate as inventory, our future business foundation. (Billion yen) % Y-o-Y % of Forecast Net Sales 8.1 ＋94.8％ 21.7％ Operating pro
Slide 6: Topics of the Q1 FY2024: Hiramatsu hotel acquisition
Topics of the Q1 FY2024 1. Signed an agreement to acquire 6 luxury resort hotels owned by Hiramatsu. We will complete this acquisition on July 1, 2024, and Hiramatsu will continue to operate the hotels. We have been enhancing hotel investments in response to the recent demand recovery from foreign v
Slide 7: Topics of the Q1 FY2024: Large offices and OwnersBook
Topics of the Q1 FY2024 2. Acquired 2 large offices. Following last year, we acquired 2 high-quality, relatively new office buildings from Mitsubishi Estate. The properties are located in the popular and prime areas in Minato-ku and Chiyoda-ku, respectively, and they will lead the company's further
Slide 8: Overview of the Q1 FY2024 Financial Results
2 Overview of the Q1 FY2024 Financial Results © Loadstar Capital ALL RIGHTS RESERVED 7
Slide 9: Consolidated Sales
Consolidated Sales • Consolidated sales increased 95% year on year to 8.1 billion yen. • The real estate market continues to be brisk. Investor demand from both Japan and Asia remains strong, and European and U.S. real estate funds, which had been holding back from investing, are beginning to resume
Slide 10: Cost structure
Consolidated Profit before income taxes and Cost Controls • Consolidated profit before income taxes was 2.3 billion yen, up 196% year on year. • The cost structure for FY 2024 will remain relatively unchanged compared to last year. Consolidated Profit before income taxes（Million yen） Cost structure
Slide 11: Consolidated Statements of Income
Consolidated Statements of Income FY2024Q1 Results FY2024 (Forecasts) Progress vs. % of the % of Net % of Net Amount % Y-o-Y original Amount previous sales sales (Million yen) forecast fiscal year Net sales 8,168 100.0% 194.8% 21.7% 37,658 100.0% 131.1% Gross Profit 3,029 37.1% 198.6% 22.3% 13,569 3
Slide 12: Consolidated Financial Position
Consolidated Financial Position • Real estate as inventory totaled 62 billion yen as we acquired 3 properties and sold 2 properties. • Operating loans surged to 9.8 billion yen, the largest ever, and the balance of operating loans was up 42% from the previous fiscal year end. As of Q1 FY2024 % vs. •
Slide 13: Business Overview by Segment
3 Business Overview by Segment © Loadstar Capital ALL RIGHTS RESERVED 12
Slide 14: 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 15: Corporate Funding Business Results [Real Estate Investment Sales]
Corporate Funding Business Results [Real Estate Investment Sales] • Sold 2 offices, resulting in sales of 6.8 billion yen (up 104% y -o-y). • Demand from domestic businesses and real estate companies continues to remain strong. Net Sales（Real estate investment）（Million yen） 1Q 2Q 3Q 25,150 4Q Percen
Slide 16: Corporate Funding Business Results [Real Estate Leasing Sales]
Corporate Funding Business Results [Real Estate Leasing Sales] • Sales from leasing totaled approx. 600 million yen, up 5% y-o-y, due to the accumulation of real estate as inventory. • Occupancy rates at our hotels have been high, and the office market is also recovering. Net Sales（Real estate leasi
Slide 17: Corporate Funding Business Results
Corporate Funding Business Results • Profit margins on property sales continue to remain high. • We are focusing on market liquidity and efficient property management, and we have raised the acquisition size of properties for investment. • We continue to invest aggressively, mainly in offices and ho
Slide 18: Asset Management Business
Asset Management Business • Sales jumped 330% year-on-year to 530 million yen due to the up -front fees for new projects and disposition fees for large projects. • AUM declined slightly, but we are receiving new inquiries from foreign investors on top of domestic investors. Net Sales and AUM (Assets
Slide 19: 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 20: Crowdfunding Business Results
Crowdfunding Business Results • Sales rose 27% year-on-year to 170 million yen as the Crowdfunding business rapidly expanded the transaction volume amid the recent active real estate market. • Operating loans related to the Crowdfunding business surged to 9.6 billion yen, the largest ever. As a resu
Slide 21: Crowdfunding Business (KPI)
Crowdfunding Business (KPI) • As for STO launch, we are looking to prepare for launch as soon as we find an attractive property from various perspectives such as location, yield, and property type. Investor Members/ Cumulative Investment Amount Investor members 28,103（People） 1Q 27,633 28,082 28,103
Slide 22: Return to Shareholders
Return to Shareholders Basic Policy • We strive to improve corporate value and shareholder profit by expanding business performance Dividend Policy • We shall perform stable and continuous profit returns with a payout ratio of 17% as a guide. Surplus Dividend to For Future Growth Share Buybacks Shar
Slide 23: Forecast for the FY2024 and Real Estate Market Outlook
4 Forecast for the FY2024 and Real Estate Market Outlook © Loadstar Capital ALL RIGHTS RESERVED 22
Slide 24: Forecasts for the fiscal year Ending December 31, 2024
Forecasts for the fiscal year Ending December 31, 2024 • All businesses are showing good progress as planned. No revision is made to the full-year forecasts. • We are aiming to achieve the medium-term management plan and the 12th consecutive year of growth in sales and profit since the company's est
Slide 25: Real Estate Market Outlook
Real Estate Market Outlook Overall Outlook • Tokyo ranked 5th in the global ranking of investment volume by city for the full year 2023, a significant increase from 16th for the full year 2022. (Source: JLL Investment Market Summary, Q4 2023) • Demand strength from foreign visitors, the current weak
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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