Good Com Asset Co.,ltd. · TSE:3475

Good Com Asset Co.,ltd — Q3 FY2026 Earnings Presentation

63 slides from Good Com Asset Co.,ltd's earnings presentation, Sep 14, 2026

Slide 1: FY2026 3Q Financial Results Presentation
September 14, 2026 FY2026 3Q Financial Results Presentation November 1, 2025 - July 31, 2026 Good Com Asset Co.,Ltd.
Slide 2: Table of Contents
Table of Contents FY2026 3Q Results Briefing· · · · · · · · · · · · · · · · · · · · · · · · · · · · P.3 I. FY2026 3Q Results Summary II. Full-Year Financial Outlook 1. Procurement Status 2. Livenup Group Status 3. Real Estate Fund Business Status 4. M&A Status 5. Shareholder Benefits and Shareholder
Slide 4: 3Q Results Highlights
FY2026 3Q Results Summary 3Q Results Highlights 3Q also achieved significant increase in sales and profits as planned Steady progress toward full-year plan Profit attributable to NET SALES Operating income Ordinary income owners of parent (100 million yen) (100 million yen) (100 million yen) (100 mi
Slide 5: 3Q Summary (Consolidated Statements of Income)
FY2026 3Q Results Summary 3Q Summary (Consolidated Statements of Income) Strong performance of Livenup Group, Significant increase in sales and profits due to formation of Fund No. 5 Good Com Asset Livenup Group Sales of 25 buildings 6 income-generating properties, with 901 units 21 detached houses,
Slide 6: 3Q Summary (Consolidated Balance Sheet)
FY2026 3Q Results Summary 3Q Summary (Consolidated Balance Sheet) Due to accelerated procurement for future sales expansion Inventories and borrowings increased FY2026 Change unit:billion yen FY2025 3Q (Compared to FY2025) current assets 42.57 billion 62.98 billion +20.40 billion Cash and deposits C
Slide 8: FY2026 Full-Year Forecast
Full-Year Financial Outlook FY2026 Full-Year Forecast Significant increase in sales and profits due to active real estate fund operations and strong performance of Livenup Group Net income attributable NET SALES Operating income Ordinary income to owners of the parent FY2026 Full-Year Forecast 79.28
Slide 10: Our Procurement Scheme
Procurement Status Our Procurement Scheme During the period from property procurement to handing-over, Only deposits (advance payments) are recorded on our balance sheet Recorded as Recorded as advance payment property for sale Business Model (Exclusive Procurement) ⚫ Deposit is paid at the time of
Slide 11: Properties worth 144.9 billion yen already secured
Procurement Status Secured properties worth 144.9 billion yen with deposits only Due to recording only deposits, the balance sheet does not reflect The total procurement amount of actually secured properties is not recorded Balance sheet amount Procurement status contributing to future performance (
Slide 12: Procurement Results
Procurement Status Procurement Results Cost reduction through economies of scale in large properties to offset rising material prices Procurement in Q3 of this fiscal year achieved as planned Trends in procurement scale per building and number of procured properties Increase in procurement of 2 bill
Slide 13: Good Com Asset Pipeline Status
Procurement Status Good Com Asset Pipeline Status *As of September 14, 2026 No Property name Location Number of units Scheduled delivery No Property name Location Number of units Scheduled delivery 1 Koenji PJ Nakano-ku, Tokyo - - 22 Hiratsuka IV PJ Hiratsuka-shi, Kanagawa 38 units November 2025 2 M
Slide 14: Good Com Asset Pipeline Status
Procurement Status Good Com Asset Pipeline Status *As of September 14, 2026 No Property name Location Number of units Scheduled delivery No Property name Location Number of units Scheduled delivery 43 Funabashi PJ Funabashi-shi, Chiba 101 units July 2026 64 Okurayama PJ Yokohama-shi, Kanagawa 73 uni
Slide 15: Good Com Asset Supply Track Record
Procurement Status Good Com Asset Supply Track Record *As of September 14, 2026 Supply areas are centered on the 23 wards of Tokyo, with expansion to the greater Tokyo area and Kansai region where population growth is expected Tokyo 23 wards Adachi-ku Itabashi-ku Kita-ku 11 Total: 186 buildings Neri
Slide 16: Occupancy Rate Track Record
Procurement Status Occupancy Rate Track Record Maintaining high occupancy rates by supplying high-value-added properties under our own brand with strong economic resilience in popular areas Month-end occupancy rate track record (%) 99.9 99.9 100.0 99.0 100.0 100.0 99.8 97.9 98.2 99.7 97.9 99.9 99.4
Slide 18: Company Overview
Livenup Group Status Company Overview Livenup Group's performance, centered on detached houses, is strong Overview of Livenup Group Average price and number of contracts for detached houses Tokyo 23 wards: Number of contracts Tokyo 23 wards: Average price Company Livenup Group Co., Ltd. name: (10,00
Slide 19: Business model centered on detached house sales
Livenup Group Status Business model centered on detached house sales Business expansion centered on detached house sales in high-demand areas Contributing to full-year consolidated results through M&A this fiscal year Internal growth Continue to grow steadily Unit: millions of yen NET SALES Contribu
Slide 20: Business Expansion Strategy through M&A
Livenup Group Status Business Expansion Strategy through M&A Expansion of Business Fields M&A Track Record Business fields are broadly classified into three categories: "Sales-Related," "Steady Revenue," Positioning business expansion as a growth driver, having completed M&A of 7 companies and "Busi
Slide 21: Livenup Group Pipeline Status
Livenup Group Status Livenup Group Pipeline Status *As of September 1, 2026 No Location Year Built Units Type No Location Year Built Units Type 1 Kanda-Jimbocho, Chiyoda-ku, Tokyo 1960 7 units Building 21 Setagaya, Setagaya-ku, Tokyo 2026 1 unit Detached Housing 2 Yotsuya, Shinjuku-ku, Tokyo 1971 4
Slide 22: Livenup Group Pipeline Status
Livenup Group Status Livenup Group Pipeline Status *As of September 1, 2026 No Location Year Built Units Type No Location Year Built Units Type 41 Hamadayama, Suginami-ku, Tokyo 2027 1 unit Detached Housing 61 Minamidai, Nakano-ku, Tokyo 2027 1 unit Detached Housing 42 Hamadayama, Suginami-ku, Tokyo
Slide 24: Real Estate Fund Formation Track Record
Real Estate Fund Business Status Real Estate Fund Formation Track Record Incorporating high-quality in-house properties to expand fund scale Trends in Asset Scale of Private Real Estate Funds Properties Included in Each Fund Fund No. 1 Fund No. 2 Fund No. 3 Fund No. 4 Fund No. 5 Fund No. 6 Number of
Slide 25: Expansion to REITs
Real Estate Fund Business Status Expansion to REITs Looking ahead to listed REITs/private REITs Phase 1 Phase 2 Real Estate Fund Listed REITs/Private REITs unit:billion yen 101.2 billion As a listed REIT, providing various investors with attractive assets and distributions 40 billion Fund No. 6 (Pla
Slide 26: Properties Included in Funds
Real Estate Fund Business Status Properties Included in Funds Locations of properties included in Fund No. 1 through No. 5 Saitama Chiba Tokyo Fund No. 1 Fund No. 2 Fund No. 3 Kanagawa Fund No. 4 Fund No. 5 Copyright © 2026 Good Com Asset Co.,Ltd. All rights reserved． 26
Slide 27: External Environment for Real Estate
Status of Real Estate Fund Business External Environment for Real Estate Rising construction costs and interest rates have led to higher prices and a decrease in the number of units supplied Number of Units Supplied and Average Price of Newly Built Condominiums in the Tokyo Metropolitan Area Trends
Slide 28: External Environment of Investment Real Estate and Our Performance Trends
Real Estate Fund Business Status External Environment of Investment Real Estate and Our Performance Trends Supply of Investment Condominiums in the Tokyo Metropolitan Area Also on a Declining Trend Meanwhile, Our Supply Units Are on an Upward Trend Supply Units and Average Price of Newly Built Inves
Slide 29: Backed by Continuous Fund Track Record
Real Estate Fund Business Status Backed by Continuous Fund Track Record Even with Negative External Environment Risks Why Can We Expand Fund Assets? <Procurement> (1) Cross trading ⇒ Procurement through cross trading without participating in bids that result in purchasing at the highest price (2) Ex
Slide 31: Status of M&A
Status of M&A Status of M&A The 2 Companies Acquired through M&A in FY2025 Are Contributing Steadily We Will Actively Consider M&A in FY2026 as Well Timing of M&A M&A Target Contribution to Our Group in 3Q Future Development ✓ Actual demand for detached houses continues to be strong, with ✓ Sales of
Slide 33: 10th Anniversary of Listing and Commemorative Benefits
Shareholder Benefits and Shareholder Returns 10th Anniversary of Listing and Commemorative Benefits 2026 Marks the 10th Anniversary of Initial Listing Past Commemorative Shareholder Return Track Record Also considering listing on overseas stock exchanges Fiscal Year Commemorative Shareholder Returns
Slide 34: 10th Anniversary of Listing and Commemorative Benefits
Shareholder Benefits and Shareholder Returns 10th Anniversary of Listing and Commemorative Benefits Commemorative benefits implemented to celebrate the 10th anniversary of listing Digital gifts will be presented to shareholders of record on the end of April 2026 and the end of October 2026, accordin
Slide 35: Dividends and Treasury Stock
Shareholder Benefits and Shareholder Returns Dividends and Treasury Stock Dividend policy targets a payout ratio of 35% with dividends paid each fiscal year Emphasis on TSR (Total Shareholder Return) through stock price appreciation, including treasury stock Dividends have increased for 9 consecutiv
Slide 36: Medium-Term Management Plan
Medium-Term Management Plan FY2026-FY2030
Slide 37: Vision and Basic Policy
Vision and Basic Policy VISION Create a real estate company that represents the 21st century Vision of the Medium-Term The Japanese real estate industry has many excellent companies with high market capitalization. Management Plan We have a grand vision By the FY2030 financial results to catch up wi
Slide 38: Measures to realize our VISION
Measures to realize our VISION Leverage our strengths and execute strategies with an emphasis on speed to expand performance and aim to increase market capitalization Leverage strengths and execute strategies with emphasis on speed Growth of existing businesses Pursue synergies Aggressive M&A • Laun
Slide 39: Performance targets of the Medium-Term Management Plan
Performance targets of the Medium-Term Management Plan By accurately identifying market needs and implementing measures in rapid succession, FY2030 Aim to achieve net sales of 600 billion yen in FY2030 Net sales target 600 billion Net sales trends and performance targets 1,600 1,400 1,200 1,000 793
Slide 40: M&A Track Record
M&A M&A Track Record We have conducted M&A aimed at expanding business areas such as rent guarantee and detached housing sales, as well as expanding the supply area of real estate sales Nissei Advance Livenup Group Roombank Insure Capital and business alliance in 2025 Made a consolidated subsidiary
Slide 41: Expand procurement in the Kansai area
M&A Expand procurement in the Kansai area through the capital and business alliance with Nissei Advance Expand the procurement area from the Tokyo 23 wards-centered 1 metropolis and 3 prefectures to Osaka Prefecture Population in-migration and out-migration in major metropolitan areas One "October 3
Slide 42: Growth strategy
M&A Growth strategy M&A to strengthen our strengths of procurement and supply capacity and efficient exit strategies, combined with M&A to evolve into a comprehensive real estate business, aiming for significant growth Reinforcement of competitive advantages Property variations to meet diverse needs
Slide 43: Objectives of construction company M&A
M&A Objectives of construction company M&A Through M&A of construction companies, we will build an integrated value chain system that achieves enhanced property supply capacity through in-house construction processes and increased speed Construction • The number of construction workers has decreased
Slide 44: New concept brand condominiums
New concept brand condominiums Developing in-house brand condominiums with high asset value We develop in-house brand condominiums that pursue quality, design, and comfort, providing safe, secure, and high-quality living "GENOVIA" series New brand "G-classt" series Characteristics Characteristics ⚫
Slide 45: "G-classt" photo gallery (completed image examples)
New concept brand condominiums Developing in-house brand condominiums with high asset value "G-classt" photo gallery (completed image examples) Copyright © 2026 Good Com Asset Co.,Ltd. All rights reserved． 45
Slide 46: "G-classt" photo gallery (construction site)
New concept brand condominiums Developing in-house brand condominiums with high asset value "G-classt" photo gallery (construction site) G-classt Kita-Shinjuku G-classt Asakusa Copyright © 2026 Good Com Asset Co.,Ltd. All rights reserved． 46
Slide 48: Company Overview
Company Overview Company name Good Com Asset Co.,Ltd. Founded November 28, 2005 Capital 3.1 billion yen (including capital reserve) *As of July 31, 2026 Representative President and CEO Yoshikazu Nagashima Head office Sumitomo Fudosan Nishi-Shinjuku Building, 7-20-1 Nishi-Shinjuku, Shinjuku-ku, Toky
Slide 49: History of Good Com Asset Group
History of Good Com Asset Group - Real estate fund Fund No. 1 and No. 2 established - Nippon Keidanren 2024 Membership - Osaka Branch Opened - Rooftop greening - Rooftop dog run 2026 Adopted "skygarden" Adopted "skyrun" 2021 - Tokyo Stock Exchange Second Section 2019 2025 2015 Market change - Joined
Slide 50: Philosophy of Good Com Asset
Corporate Concept Philosophy of Good Com Asset Origin of Company Name PURPOSE Good Company Asset Providing real estate as a safe and reliable asset on a global scale, contributing to society → Good Com Asset The name embodies our aspiration to be an excellent VISION company (in the real estate indus
Slide 51: Business Portfolio
Business Portfolio Building a sales balance adapted to the business environment and expanding operations Wholesale Real Estate Fund Business Acquiring numerous high-value properties in Tokyo and three Managing properties through private funds with investment advisory surrounding prefectures and sell
Slide 52: Promoting Sustainability
Promoting Sustainability Emphasizing human capital, ensuring diversity and improving employee engagement Trends in Key Indicators Initiatives to Achieve a Comfortable Workplace Environment Work Style and Workplace Environment One Number of… • Introduction of diverse leave systems including paid refr
Slide 53: ROE
ROE ROE maintained at 10% or higher as a basic policy ROE Trends by [1:the Company] Listed Company Average Real Estate Industry Average 40.0% 28.7% 27.6% 30.0% 24.5% 26.0% 23.7% 22.3% 22.3% 16.9% 10.3% 20.0% 8.9% 9.7% 9.3% 9.9% 8.9% 8.5% 8.6% 9.6% 10.0% 9.0% 6.7% 9.4% 8.5% 8.7% 8.4% 9.0% 9.1% 9.2% 6
Slide 54: ROIC
ROIC ROIC has generally exceeded the cost of capital ROIC WACC 16.0% 15.0% 13.3% 11.4% 12.0% 10.4% 8.6% 8.2% 8.0% 5.2% 5.0% 4.8% 5.1% 5.0% 4.6% 4.2% 4.3% 4.0% 4.2% 2.9% 3.3% 3.1% 0.0% FY2017 FY2018 FY2019 FY2020 FY2021 FY2022 FY2023 FY2024 FY2025 *ROIC (Return on Invested Capital): After-tax operati
Slide 55: Market Capitalization and PER
Market Capitalization and PER Trending upward due to business expansion, shareholder returns, stock splits, etc. Market Capitalization Trends Since IPO 47.1 billion 500 ■ Market Capitalization (Left Axis) ■ PER (Right Axis) yen 37.7 billion 400 yen 27.0 billion (times) 300 25.5 billion yen 22.5 bill
Slide 56: Status of Dialogue with Shareholders
Status of Dialogue with Shareholders FY2025 (November 2024 - October 2025) 1. Status of Dialogue Respondent Frequency Financial Results Briefing 4 times President and CEO IR Briefing for Individual Investors Yoshikazu Nagashima 1 times Individual Interviews 53 times (Institutional investors: 46 time
Slide 57: Trends in Construction Costs and Interest Rates
Trends in Construction Costs and Interest Rates Construction costs have risen approximately 40% over 10 years, with interest rates also rising significantly Trends in Construction Cost Index (Tokyo) Trends in 10-Year JGB Yield 10-Year Bond Interest Rate 2015＝100 Construction Cost(Multifamily Housing
Slide 58: Trends in Construction Workers and Population
Trends in Construction Workers and Population Construction sector faces labor shortage; population in the Tokyo metropolitan area shows an upward trend Trends in Shortage/Surplus Rate of Skilled Construction Workers (Total of 8 Job Categories, Nationwide / Seasonally Adjusted*) Trends in Population
Slide 59: Trends in Real Estate and Investment Real Estate in the Tokyo Metropolitan Area
Trends in Real Estate and Investment Real Estate in the Tokyo Metropolitan Area Real estate in the Tokyo metropolitan area is experiencing price increases and declining supply Number of Units Supplied and Average Price of Newly Built Condominiums Number of Units Supplied and Average Price of Newly B
Slide 60: Trends in Rental Condominium Rents and Changes in Tenant Profiles
Trends in Rental Condominium Rents and Changes in Tenant Profiles In Tokyo, due to soaring prices of condominiums for sale, demand for family-type units from high-income earners is strong Trends in Condominium Rents in Tokyo 23 Wards Personal Annual Income of Family-Type Tenants in Tokyo 23 Wards An
Slide 61: Trends in Real Estate Fund Business
Trends in Real Estate Fund Business The market continues to expand in scale for both private placements and listed funds. Residential properties are the property type of greatest interest to investors Trends in Market Size of Private Funds and Listed REITs Property Types Investors Want to Focus on G
Slide 62: Risks and Our Unique Approach
Full-Year Financial Outlook Risks and Our Unique Approach Responding to various changes in the external environment and achieving balanced risk mitigation across the entire Group • Inventory Risk of Acquired Properties Utilization of Real Estate Funds • Rising Interest Rates Procurement through Prop
Slide 63: Important Notes on This Document
Important Notes on This Document Forward-looking statements contained in this document are based on information currently available and represent the independent judgment of our Group, and are subject to change due to macroeconomic conditions, industry trends related to our Group, and the circumstan

Good Com Asset Co.,Ltd. — Q3 FY2026 Earnings Presentation on 6ix

Good Com Asset Co.,ltd — Q3 FY2026 Earnings Presentation

Slide 1: FY2026 3Q Financial Results Presentation

Slide 2: Table of Contents

Slide 3: I. FY2026 3Q Results Summary

Slide 4: 3Q Results Highlights

Slide 5: 3Q Summary (Consolidated Statements of Income)

Slide 6: 3Q Summary (Consolidated Balance Sheet)

Slide 7: II. Full-Year Financial Outlook

Slide 8: FY2026 Full-Year Forecast

Slide 9: 1. Procurement Status

Slide 10: Our Procurement Scheme

Slide 11: Properties worth 144.9 billion yen already secured

Slide 12: Procurement Results

Slide 13: Good Com Asset Pipeline Status

Slide 14: Good Com Asset Pipeline Status

Slide 15: Good Com Asset Supply Track Record

Slide 16: Occupancy Rate Track Record

Slide 17: 2. Livenup Group Status

Slide 18: Company Overview

Slide 19: Business model centered on detached house sales

Slide 20: Business Expansion Strategy through M&A

Slide 21: Livenup Group Pipeline Status

Slide 22: Livenup Group Pipeline Status

Slide 23: 3. Real Estate Fund Business Status

Slide 24: Real Estate Fund Formation Track Record

Slide 25: Expansion to REITs

Slide 26: Properties Included in Funds

Slide 27: External Environment for Real Estate

Slide 28: External Environment of Investment Real Estate and Our Performance Trends

Slide 29: Backed by Continuous Fund Track Record

Slide 30: 4. M&A Status

Slide 31: Status of M&A

Slide 32: 5. Shareholder Benefits and Shareholder Returns

Slide 33: 10th Anniversary of Listing and Commemorative Benefits

Slide 34: 10th Anniversary of Listing and Commemorative Benefits

Slide 35: Dividends and Treasury Stock

Slide 36: Medium-Term Management Plan

Slide 37: Vision and Basic Policy

Slide 38: Measures to realize our VISION

Slide 39: Performance targets of the Medium-Term Management Plan

Slide 40: M&A Track Record

Slide 41: Expand procurement in the Kansai area

Slide 42: Growth strategy

Slide 43: Objectives of construction company M&A

Slide 44: New concept brand condominiums

Slide 45: "G-classt" photo gallery (completed image examples)

Slide 46: "G-classt" photo gallery (construction site)

Slide 47: Appendix

Slide 48: Company Overview

Slide 49: History of Good Com Asset Group

Slide 50: Philosophy of Good Com Asset

Slide 51: Business Portfolio

Slide 52: Promoting Sustainability

Slide 53: ROE

Slide 54: ROIC

Slide 55: Market Capitalization and PER

Slide 56: Status of Dialogue with Shareholders

Slide 57: Trends in Construction Costs and Interest Rates

Slide 58: Trends in Construction Workers and Population

Slide 59: Trends in Real Estate and Investment Real Estate in the Tokyo Metropolitan Area

Slide 60: Trends in Rental Condominium Rents and Changes in Tenant Profiles

Slide 61: Trends in Real Estate Fund Business

Slide 62: Risks and Our Unique Approach

Slide 63: Important Notes on This Document