Good Com Asset Co.,ltd. · TSE:3475

Good Com Asset Co.,ltd — Q2 FY2026 Earnings Presentation

60 slides from Good Com Asset Co.,ltd's earnings presentation, Jun 12, 2026

Slide 1: FY2026 2Q Financial Results Presentation
June 12, 2026 FY2026 2Q Financial Results Presentation November 1, 2025 - April 30, 2026 Goodcom Asset Co., Ltd.
Slide 2: Table of Contents
Table of Contents FY2026 2Q Financial Results Presentation ・・・・・・・・・・・・・・・・・・・・・・・ P.3 I. FY2026 2Q Financial Results Summary II. Full-Year Business Outlook 1. Real Estate Fund Business Status 2. Procurement Status 3. Livenup Group Status 4. M&A Status 5. Shareholder Benefits a
Slide 4: 2Q Financial Results Highlights
FY2026 2Q Financial Results Summary 2Q Financial Results Highlights 2Q achieved significant revenue and profit growth as planned Steady progress toward full-year plan Attributable to owners Net sales Operating income Ordinary income of parentnet income (100 million yen) (100 million yen) (100 millio
Slide 5: 2Q Summary (Consolidated Profit and Loss Statement)
FY2026 2Q Financial Results Summary 2Q Summary (Consolidated Profit and Loss Statement) Significant revenue and profit growth due to sales to funds and consolidation of Livenup Group Good Com Asset Livenup Group Sales of 20 buildings 3 income-generating properties, with 793 units 13 detached houses,
Slide 6: 2Q Summary (Consolidated Balance Sheet)
FY2026 2Q Financial Results Summary 2Q Summary (Consolidated Balance Sheet) Cash and deposits increased due to fund Interest-bearing debt decreased due to loan repayment FY2026 FY2026 Change unit:billion yen FY2025 1Q 2Q (vs. FY2026 1Q) current assets 42.57 billion 57.94 billion 54.02 billion -3.92
Slide 8: FY2026 Full-Year Business Forecast
Full-Year Business Outlook FY2026 Full-Year Business Forecast Significant expansion of both sales and profits due to active real estate fund operations and full-year consolidation of Livenup Group Net income NET SALES Operating income Ordinary income attributable to owners FY2026 of parent Full-Year
Slide 10: Fund No. 5 Formed
Real Estate Fund Business Status Fund No. 5 Formed Overview of Fund No. 5 Name Tokyo Area Residential 5 GK Assets Included 10 properties of our brand ""GENOVIA"" number of units 584 units Total assets 18 billion Operation Start Date April 30, 2026 Fund Investors Multiple companies including our comp
Slide 11: Fund No. 5 Formed
Real Estate Fund Business Status Fund No. 5 Formed GENOVIA Machida GENOVIA Futako-Shinchi Location Machida City, Tokyo Location Kawasaki City, Kanagawa Site area 535.17㎡ (161.88 tsubo) Site area 1,762.18㎡ (533.05 tsubo) Total floor area 1,289.41㎡ (390.04 tsubo) Total floor area 3,309.27㎡ (1,001.05 t
Slide 12: Track Record of Real Estate Fund Formation
Real Estate Fund Business Status Track Record of Real Estate Fund Formation Incorporating high-quality proprietary properties to expand fund size Trends in Asset Size 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 onwar
Slide 13: Looking toward Listed REITs / Private REITs
Real Estate Fund Business Status Expansion into REITs Looking toward 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 attractive assets and distributions to various investors 400億 Fund No. 6 - No. 7
Slide 14: Locations of Properties Included in Fund No. 1 through No. 5
Real Estate Fund Business 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． 14
Slide 16: Procurement Results
Procurement Status Procurement Results Cost compression through economies of scale from large properties amid soaring material prices Achieved procurement as planned in Q2 of this fiscal year Trends in Procurement Scale per Building and Number of Procured Properties Procurement of 2 billion yen or m
Slide 17: Properties worth 118.3 billion yen have been secured
Procurement Status Secured properties worth approximately 118.3 billion yen with only earnest money deposits Due to recording only earnest money deposits, the total procurement amount of properties actually secured is not recorded on the balance sheet balance sheet amount Procurement status contribu
Slide 18: Good Com Asset Pipeline Status
Procurement Status Good Com Asset Pipeline Status *As of June 12, 2026 No. Property name Location number of Scheduled delivery No. Property name Location number of Scheduled delivery units units 1 Koenji PJ Nakano-ku, Tokyo – – 22 Futako-Shinchi PJ Kawasaki City, Kanagawa 107 units 2 Meguro Minami P
Slide 19: Good Com Asset Pipeline Status
Procurement Status Good Com Asset Pipeline Status *As of June 12, 2026 No. Property name Location number of Scheduled delivery No. Property name Location number of Scheduled delivery units units 43 Soka PJ Soka-shi, Saitama 90 units March 2026 64 Nishi-Yokohama II PJ Yokohama-shi, Kanagawa 44 units
Slide 20: Good Com Asset Supply Track Record
Procurement Status Good Com Asset Supply Track Record *As of June 12, 2026 The supply area is centered on Tokyo's 23 wards, with expansion into the Tokyo metropolitan area and Kansai region where population growth is expected Tokyo 23 wards Adachi-ku Itabashi-ku Kita-ku 9 Total 181 buildings Nerima-
Slide 21: Occupancy Rate Track Record
Procurement Status Occupancy Rate Track Record Supplying high value-added properties under our own brand with strong economic resilience to popular areas, maintaining high occupancy rates 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 99.9 99.4 99.9 99
Slide 23: 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 this fiscal year through M&A Internal growth continue to grow steadily millions of yen NET SALES Contributing t
Slide 24: Business Expansion Strategy through M&A
Livenup Group Status Business Expansion Strategy through M&A Expansion of Business Domains M&A Track Record Business domains are broadly classified into three categories: ""Sales-related,"" ""Stable Positioning business expansion as a growth driver, having completed M&A of 7 companies revenue,"" and
Slide 25: Livenup Group Pipeline Status
Livenup Group Status Livenup Group Pipeline Status *As of June 1, 2026 No. Location Year built Units Type No. Location Year built Units Type 1 Yotsuya Saneicho, Shinjuku-ku, Tokyo 1990 6 units Building 21 Nakamachi, Setagaya-ku, Tokyo 2026 1 unit Detached houses 2 Kanda Jimbocho, Chiyoda-ku, Tokyo 1
Slide 26: Livenup Group Pipeline Status
Livenup Group Status Livenup Group Pipeline Status *As of June 1, 2026 No. Location Year built Units Type No. Location Year built Units Type 41 Nishishinagawa, Shinagawa-ku, Tokyo 2026 1 unit Detached houses 61 Ebara, Shinagawa-ku, Tokyo 2027 1 unit Detached houses 42 Nishishinagawa, Shinagawa-ku, T
Slide 28: M&A Status
M&A Status M&A Status The two companies acquired through M&A in FY2025 are contributing steadily We will actively pursue M&A opportunities in FY2026 as well M&A M&A Target Contribution to Our Company Group in 2Q Future Development Timing ✓Actual demand for detached house properties remains strong, ✓
Slide 30: 10th Anniversary of Listing and Commemorative Benefits
Shareholder Benefits and Shareholder Returns Status 10th Anniversary of Listing and Commemorative Benefits 2026 marks the 10th anniversary of the initial public offering Considering listing on Past Commemorative Shareholder Return Records overseas stock exchanges Fiscal Commemorative Shareholder Ret
Slide 31: 10th Anniversary of Listing and Commemorative Benefits
Shareholder Benefits and Shareholder Returns Status 10th Anniversary of Listing and Commemorative Benefits Commemorative benefits will be provided 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,
Slide 32: Dividends and Treasury Shares
Shareholder Benefits and Shareholder Returns Status Dividends and Treasury Shares Dividend policy targets a dividend payout ratio of 35% with dividends every period Emphasis on TSR (Total Shareholder Return) through stock price appreciation including treasury shares Dividends have increased for 9 co
Slide 33: Medium-Term Management Plan FY2026-FY2030
Medium-Term Management Plan FY2026-FY2030
Slide 34: VISION
Vision and Basic Policy VISION Creating a Leading Real Estate Company of the 21st Century Vision of the Medium-Term The Japanese real estate industry has many excellent companies with large market capitalizations. Management Plan Our company has a grand vision By the FY2030 Earnings to catch up with
Slide 35: Measures to Realize the VISION
Measures to Realize the VISION Expanding performance through strategy execution leveraging strengths with emphasis on speed, aiming to increase market capitalization Strategy Execution Leveraging Strengths with Emphasis on Speed Growth of Existing Business Pursue Synergies Aggressive M&A • Launch of
Slide 36: 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 Aiming to achieve FY2030 sales of 600 billion yen Sales Target 600 billion yen Sales Trends and Performance Targets 1,600 1,400 1,200 1,000 793 billion
Slide 37: M&A Track Record
M&A M&A Track Record M&A has been conducted to expand business areas including rent guarantee and detached house sales, and to expand supply areas for real estate sales Nissei Advance Livenup Group Roombank Insure Capital and business tie-up in 2025 Became a consolidated subsidiary in 2025 Became a
Slide 38: Expanding procurement in the Kansai area through capital and business alliance with Nissei Advance
M&A Expanding procurement in the Kansai area through capital and business alliance with Nissei Advance Expanding procurement area from Tokyo and three surrounding prefectures centered on Tokyo's 23 wards to Osaka Prefecture Population in-migration and out-migration in major metropolitan areas One 20
Slide 39: Growth strategy
M&A Growth strategy Combining M&A to strengthen our procurement and supply capabilities and efficient exit strategies, with M&A to evolve into a comprehensive real estate business, aiming for significant growth Reinforcing competitive advantage Property variations to meet diverse needs Accelerating
Slide 40: Objectives of construction company M&A
M&A Objectives of construction company M&A Through M&A of construction companies, by internalizing and speeding up construction processes, building an integrated value chain system that enhances property supply capabilities Construction • Construction workforce has decreased by approximately 30% fro
Slide 41: Developing in-house brand condominiums with high asset value
New Concept Brand Condominiums Developing in-house brand condominiums with high asset value Pursuing quality, design, and comfort to provide safe, secure, and high-quality living through in-house brand condominiums New brand ""GENOVIA"" series ""G-classt"" series Characteristics Characteristics ⚫ Fo
Slide 42: "G-classt" Photo Gallery
New Concept Brand Condominiums Developing in-house brand condominiums with high asset value ""G-classt"" Photo Gallery (Example of completed image) Copyright © 2026 Good Com Asset Co.,Ltd. All rights reserved． 42
Slide 43: "G-classt" Photo Gallery
New Concept Brand Condominiums Developing in-house brand condominiums with high asset value ""G-classt"" Photo Gallery Construction progress Safety prayer ceremony Copyright © 2026 Good Com Asset Co.,Ltd. All rights reserved． 43
Slide 45: Corporate Profile
Corporate Profile company name Goodcom Asset Co., Ltd. Founded November 28, 2005 common stock 3.1 billion yen (including capital reserve) *As of April 30, 2026 Representative Yoshikazu Nagashima, President and CEO Head Office Sumitomo Fudosan Nishi-Shinjuku Building, 7-20-1 Nishi-Shinjuku, Shinjuku-
Slide 46: Corporate Concept
Corporate Concept Good Com Asset's Philosophy Origin of Company Name PURPOSE Good Company Asset→ Good Com Asset Providing real estate globally as safe and reliable assets, contributing to society We aspire to be a company that actively promotes social VISION contribution and charitable activities wh
Slide 47: Business Portfolio
business portfolio Building sales balance according to the business environment and expanding business operations Wholesale Real Estate Fund Business Procuring numerous high-value properties in Tokyo and Operating properties through investment advisory in private three surrounding prefectures and se
Slide 48: History of Good Com Asset Group
History of Good Com Asset Group ・Real estate fund Fund No. 1 and No. 2 established 2014" "October 31, ・Japan Business Federation Membership ・Osaka Branch opened ・Rooftop greening ・Rooftop dog run 2014" "October 31, ""skygarden"" adopted ""skyrun"" adopted 2014" "October 31, 2014" "October 31, ・TSE S
Slide 49: Promotion of Sustainability
Promotion of Sustainability Emphasizing human capital, ensuring diversity and improving employee engagement Trends in Key Indicators Initiatives to create a comfortable work environment Work style and workplace environment Number of Employees One • Introduction of diverse leave systems including pai
Slide 50: Selected for JPX-Nikkei Mid and Small Cap Index for 6 consecutive years
Selected for JPX-Nikkei Mid and Small Cap Index for 6 consecutive years Selected for JPX-Nikkei Mid and Small Cap Index for 6 consecutive years What is the JPX-Nikkei Mid and Small Cap Index? The concept of the ""JPX-Nikkei Index 400,"" which comprises ""companies with high investment appeal for inv
Slide 51: ROE
ROE ROE maintains the basic policy of 10% or above 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% 22.3% 23.7% 22.3% 16.9% 20.0% 10.3% 8.9% 9.7% 8.6% 9.3% 9.9% 8.9% 8.5% 9.6% 10.0% 9.0% 6.7% 9.4% 8.5% 8.7% 8.4% 9.0% 9.1% 9.2% 6.1%
Slide 52: ROIC
ROIC ROIC generally exceeds 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 operating profit
Slide 53: Market Capitalization and PER
Market Capitalization and PER Upward trend due to business expansion, shareholder returns, stock splits, etc. Market Capitalization Trends Since IPO 500 ■ Market Capitalization (left axis) ■ PER (right axis) 45.1 billion yen 37.2 billion yen 400 (Times) 300 25.5 billion yen 24.0 billion yen IPO on D
Slide 54: Status of Dialogue with Shareholders FY2025
Status of Dialogue with Shareholders FY2025 (November 2024 - October 2025) 1. Status of Dialogue Representative Frequency Financial results briefing 4 times President and CEO IR briefing for individual investors Yoshikazu Nagashima 1 times Individual interviews 53 times (46 times with institutional
Slide 55: Increase in Construction Costs
Increase in Construction Costs Housing construction costs have risen approximately 40% over 10 years. Labor shortage continues over the long term Trends in Construction Skilled Worker Shortage Rate Building Cost Index Trends (Tokyo) (Total of 8 occupations, Nationwide / Seasonally adjusted*) Shortag
Slide 56: Population Dynamics and Condominium Supply in the Tokyo Metropolitan Area
Population Dynamics and Condominium Supply in the Tokyo Metropolitan Area While population inflow continues in the Tokyo metropolitan area, new condominiums for sale continue to see price increases and supply decreases Trends in In-migration and Out-migration in the Tokyo Metropolitan Area Supply Un
Slide 57: Rental Apartment Rent Trends and Changes in Tenants
Rental Apartment Rent Trends and Changes in Tenants In Tokyo, demand for family-type units from high-income earners is strong due to soaring condominium prices Apartment Rent Trends in Tokyo 23 Wards Annual Income of Family-type Tenants in Tokyo 23 Wards Annual income under 4 million yen Annual inco
Slide 58: Trends in Real Estate Fund Business
Trends in Real Estate Fund Business Both private placement and listed markets continue to expand in scale. Residential properties are the property type of greatest interest to investors Market Size Trends of Private Funds and Listed REITs Property Types Investors Want to Focus on Going Forward (Tril
Slide 59: Risks and Our Unique Approach
Full-Year Business 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 • backup in interest rates Procurement through pr
Slide 60: Notes on This Document
Notes on This Document Forward-looking statements contained in this document are based on information available at this time 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 circumstances of

Good Com Asset — Q2 FY2026 Earnings Presentation on 6ix

Good Com Asset Co.,ltd — Q2 FY2026 Earnings Presentation

Slide 1: FY2026 2Q Financial Results Presentation

Slide 2: Table of Contents

Slide 3: I. FY2026 2Q Financial Results Summary

Slide 4: 2Q Financial Results Highlights

Slide 5: 2Q Summary (Consolidated Profit and Loss Statement)

Slide 6: 2Q Summary (Consolidated Balance Sheet)

Slide 7: II. Full-Year Business Outlook

Slide 8: FY2026 Full-Year Business Forecast

Slide 9: 1. Real Estate Fund Business Status

Slide 10: Fund No. 5 Formed

Slide 11: Fund No. 5 Formed

Slide 12: Track Record of Real Estate Fund Formation

Slide 13: Looking toward Listed REITs / Private REITs

Slide 14: Locations of Properties Included in Fund No. 1 through No. 5

Slide 15: 2. Procurement Status

Slide 16: Procurement Results

Slide 17: Properties worth 118.3 billion yen have been secured

Slide 18: Good Com Asset Pipeline Status

Slide 19: Good Com Asset Pipeline Status

Slide 20: Good Com Asset Supply Track Record

Slide 21: Occupancy Rate Track Record

Slide 22: 3. Livenup Group Status

Slide 23: Business Model Centered on Detached House Sales

Slide 24: Business Expansion Strategy through M&A

Slide 25: Livenup Group Pipeline Status

Slide 26: Livenup Group Pipeline Status

Slide 27: 4. M&A Status

Slide 28: M&A Status

Slide 29: 5. Shareholder Benefits and Shareholder Returns Status

Slide 30: 10th Anniversary of Listing and Commemorative Benefits

Slide 31: 10th Anniversary of Listing and Commemorative Benefits

Slide 32: Dividends and Treasury Shares

Slide 33: Medium-Term Management Plan FY2026-FY2030

Slide 34: VISION

Slide 35: Measures to Realize the VISION

Slide 36: Performance Targets of the Medium-Term Management Plan

Slide 37: M&A Track Record

Slide 38: Expanding procurement in the Kansai area through capital and business alliance with Nissei Advance

Slide 39: Growth strategy

Slide 40: Objectives of construction company M&A

Slide 41: Developing in-house brand condominiums with high asset value

Slide 42: "G-classt" Photo Gallery

Slide 43: "G-classt" Photo Gallery

Slide 44: Appendix

Slide 45: Corporate Profile

Slide 46: Corporate Concept

Slide 47: Business Portfolio

Slide 48: History of Good Com Asset Group

Slide 49: Promotion of Sustainability

Slide 50: Selected for JPX-Nikkei Mid and Small Cap Index for 6 consecutive years

Slide 51: ROE

Slide 52: ROIC

Slide 53: Market Capitalization and PER

Slide 54: Status of Dialogue with Shareholders FY2025

Slide 55: Increase in Construction Costs

Slide 56: Population Dynamics and Condominium Supply in the Tokyo Metropolitan Area

Slide 57: Rental Apartment Rent Trends and Changes in Tenants

Slide 58: Trends in Real Estate Fund Business

Slide 59: Risks and Our Unique Approach

Slide 60: Notes on This Document