Loadstar Capital Kk · TSE:3482

Loadstar Capital Kk — Q2 2025 Earnings Presentation

47 slides from Loadstar Capital Kk's earnings presentation, August 2025

Slide 1: Q2 FY2025 Financial Results
Q2 FY2025 Financial Results (Six months ended June 30, 2025) Loadstar Capital K.K. Securities Code: 3482 August, 2025
Slide 3: Table of Contents
Table of C ontents 01 Highlights of the Q2 FY2025 P. 3 02 Overview of Q2 FY2025 Financial Results P. 7 03 Business Overview by Segment P. 14 04 Medium-Term Management Plan(FY2025-2027) P. 23 05 Our Strengths and Characteristics P. 34 06 Company Profile P. 41 07 Real Estate Market Analysis P. 44 “Loa
Slide 5: Highlights of the Q2 FY2025
Highlights of the Q2 FY2025 ⚫ Following the strong Q1, Q2 also progressed smoothly. Sales and profit at each level significantly exceeded the same period of previous year, and the progress rate towards the current fiscal year’s plan is also progressing steadily. ⚫ Property acquisitions, mainly focus
Slide 6: Topics of Q2 FY2025
Topics of Q2 FY2025 1 Sale of CIRCLES Shinbashi An office property in Minato Ward, which was newly built and of high grade, acquired from Mitsubishi Estate last year, was sold to a business corporation after achieving full occupancy during the holding period. Despite the short holding period, we we
Slide 7: Real Estate Market Outlook
Real Estate Market Outlook ⚫ Office vacancy rates and rents are performing steadily, and the re-evaluation of offices is progressing. We believe that the real estate market conditions will continue to remain stable. ⚫ Global real estate investment in Q1 2025 increased by 34% year-on-year to $185 bil
Slide 9: Consolidated Sales and ROE
Consolidated Sales and ROE ⚫ Consolidated sales increased 37% year on year to 20.7 billion yen. ⚫ The real estate market continues to be active, with particularly high demands from domestic companies including real estate companies. ⚫ Asian investors are becoming more active, and in addition to the
Slide 10: Consolidated Profit before Income Taxes and Cost Controls
Consolidated Profit before Income Taxes and Cost Controls ⚫ The consolidated profit before tax increased by 53% year-on-year to 6.6 billion yen. ⚫ The progress rate to the annual forecast is approx. 60%. Consolidated Profit before Income Taxes (Billion of yen) Cost Structure Other Interest expenses
Slide 11: Consolidated Statements of Income
Consolidated Statements of Income In addition to each level of profit, depreciation for real estate as inventory was 0.7 billion yen (semi-annual). As a result, EBITDA is also steadily increasing. EBITDA = Operating profit + Depreciation + Share - based compensation expense FY2025Q2 Results FY2025 (
Slide 12: Consolidated Balance Sheet
Consolidated Balance Sheet ⚫ Balance of real estate as inventory reached a record high of 95.0 billion yen. Cash on hand is also sufficiently secured. ⚫ In the crowdfunding business, cash and deposits have decreased due to the trust of money deposited by investors. As of Q2, FY2025 (Billions of yen)
Slide 13: Consolidated Statements of Cash Flows
Consolidated Statements of Cash Flows ⚫ CF from operating activities was negative due to the increasing balance of real estate as inventory. However, financial institutions are showing proactive lending attitude, and as a result of appropriate cash management, cash flow remains stable. ⚫ In the crow
Slide 14: Return to Shareholders
Return to Shareholders Basic Policy Loadstar strives to improve corporate value and shareholder profit by expanding business performance. Dividend Policy Loadstar aims to provide stable and continuous returns to shareholders, with a target dividend payout ratio of 18% or higher. The dividend per sha
Slide 16: Real Estate Investments
Real Estate Investments Mission Real Estate X Tech to Open Up a New Market 1. Real Estate Investments 2. Real Estate Tech Corporate Funding Asset Management Crowdfunding Business Business Business Investment in real estate using internal Management of investment real estate on Japan’s first real est
Slide 17: Corporate Funding Business Results [Real Estate Investment Sales]
Corporate Funding Business Results [Real Estate Investment Sales] ⚫ Loadstar sold two properties, resulting in net sales of 16.3 billion yen, a 27% increase year on year. ⚫ We acquired five office properties, and the accumulation of real estate that will serve as our future management foundation is
Slide 18: Corporate Funding Business Results [Real Estate Leasing Sales]
Corporate Funding Business Results [Real Estate Leasing Sales] ⚫ Due to the return to office work and demands from travelers to Japan, the rental business performed steadily, with net sales reaching 1.6 billion yen, up 22% year on year. ⚫ The rental profit margin also maintained a high level. Net Sa
Slide 19: Corporate Funding Business Results [Hotel Operations]
Corporate Funding Business Results【Hotel Operations】 ⚫ Hotel operating revenue was 2.1 billion yen, and operating costs were 2.1 billion yen (of which depreciation was approximately 300 million yen). ⚫ Net sales from hotel operations progressed largely as planned. Although personnel expenses and uti
Slide 20: Corporate Funding Business Results
Corporate Funding Business Results ⚫ Both the number of properties and the real estate balance reached record highs. ⚫ This year, we have been acquiring properties, mainly focusing on reasonably priced offices. We will continue to acquire properties with potential for value enhancement. Changes in t
Slide 21: Asset Management Business Results
Asset Management Business Results ⚫ Due to a large sales associated with the sale of assets in the previous year, net sales decreased to 0.3 billion yen, a 54% decrease year on year compared to the same period of the previous year. ⚫ Competition for large-scale properties is intensifying, making new
Slide 22: Real Estate Tech
Real Estate Tech Mission Real Estate X Tech to Open Up a New Market 1. Real Estate Investments 2. Real Estate Tech Corporate Funding Asset Management Crowdfunding Business Business Business Investment in real estate using internal Management of investment real estate on Japan’s first real estate fun
Slide 23: Crowdfunding Business Results
Crowdfunding Business Results ⚫ With favorable real estate market condition, the business is progressing smoothly, with net sales of 0.38 billion yen, up 26% year-on-year, and operating loans reaching a record high of 12.3 billion yen (up 27% from the end of the previous fiscal year.) ⚫ Waiving the
Slide 25: Basic Policy
Basic Policy Lead real estate investment through the fusion of Basic Policy advanced expertise and IT, and become one-of-a-kind independent company. Environmental Response Policy Business Strategy Awareness Population decline and urban areas Accumulation of real estate balance and AUM Concentrated i
Slide 26: Management Indicators
Management Indicators ⚫ We aim for a 74% increase in net sales and a 67% increase in profit before income taxes (with a CAGR of approximately 20% over 3 years). ⚫ Although the cost of property sales and HIRAMATSU HOTELS will increase slightly, the profit margin before tax is expected to remain betwe
Slide 27: Business Strategy
Business Strategy Corporate Funding Business (Real Estate Investment/Leasing) Expansion of Real Estate Stock ■Business Development■ • While expanding investment in offices, which are attracting renewed attention due to rapidly Appraisal Value improving vacancy rates and rents, Loadstar is also looki
Slide 28: Business Strategy
Business Strategy Asset Management Business Crowdfunding Business Establishing a position as an independent Opening up real estate investment mid-sized asset management company opportunities to individuals Accumulation of AUM (Billions of yen) OwnersBook Investment Amount (Billions of yen) 300 20 13
Slide 29: Capital Allocation
Capital Allocation 有利子負債 ⚫ The majority of cash inflow from operations will be used for growth investments. 匿名組合出資預り金 ⚫ We will accumulate real estate holdings as a future revenue base and expand our balance sheet while その他負債 maintaining financial discipline. 純資産現金及び預金有利子負債 Capital Allocation 匿名組合
Slide 30: Enhancement of Corporate Value
Enhancement of Corporate Value We aim to improve ROE/PER through various measures. ➢ Enhancement of IR activities Expected Growth ➢ Strengthening information dissemination Rate PER ➢ Reduction of performance volatility Shareholders’ ➢ Strengthening governance Equity Cost PBR ➢ Discovery of propertie
Slide 31: Increasing PER: Fostering Expectations for Profit Growth
Increasing PER Fostering Expectations for Profit Growth Current Situation While investors have given a certain level of recognition for our high profitability, Assessment it is difficult to say that there are high expectations for future growth. ・Formulation and execution of growth strategies ➢ We a
Slide 32: Incentive Design Based on Share Price Performance
Incentive Design Based on Share Price Performance Directors' compensation system Based on the deliberations and recommendations of the Nomination and Compensation Committee, Fixed Compensation which consists of a majority of independent outside directors, the determination is made considering the co
Slide 33: Shareholder Returns
Shareholder Returns Basic Policy Loadstar strives to improve corporate value and shareholder profit by expanding business performance. Dividend Policy Loadstar aims to provide stable and continuous returns to shareholders, with a target dividend payout ratio of 18% or higher. Dividend Amount and Pay
Slide 34: Corporate Governance Initiatives
Corporate Governance Initiatives 1 Strengthening Governance Strengthening of Corporate Initiatives to Date Governance Structure Outside Officers Ratio of 50% Percentage of Female Officers: 20% Items KPIs (by 2030) Establishment of the Nomination and Conducting Board Evaluation Ratio of Female Office
Slide 36: Value Creation in the Corporate Funding Business
Value Creation in the Corporate Funding Business Why are we targeting mid-sized offices in the Tokyo's 23 wards for investment? Office conditions for small and New supply of mid-sized Positioning medium-sized enterprises (SMEs) buildings 大規模ビル:延床面積10,000㎡以上東京都心（流動性が高い）中規模ビル:延床面積5,000㎡以上10,000㎡未満 (
Slide 37: Competitive Advantage of Corporate Funding Business
Competitive Advantage of Corporate Funding Business Trust Strengths at Every Phase, Based on Trust phase 1 phase 3 phase 4 phase 2 Over 20 years of Information Increase Solid track experience and Acquisition Building gathering value record real estate network ⚫ Over 20 years of real ⚫ Quick decision
Slide 38: Asset Management Business
Asset Management Business Experties Strengths at Every Phase, Based on Experties Solid relationships phase 1 phase 2 phase 3 with investors Acquisition Management Sale Recurring subscription Expertise in ⚫ Formulating ⚫ Enhancing property ⚫ Formulating exit business model investment value to maximiz
Slide 39: Crowdfunding Market and Growth Potential
Crowdfunding Market and Growth Potential ⚫ In addition to traditional crowdfunding, the number of businesses utilizing STO (Security Token Offering) has been increasing year by year. Further market expansion is expected in the future. Japan’s crowdfunding market Growth Potential of Crowdfunding ※Our
Slide 40: OwnersBook Features 1
OwnersBook Features 1 Differences between Loan-Type and Equity-Type and their business models Loan-Type Funds collected from investors through Loan Lending Real crowdfunding are lent out with real estate (Mortgage) Investors estate as collateral, and investors 400 million receive dividends from inte
Slide 41: OwnersBook Features (Loan-Type)
OwnersBook Features 2 (Loan-Type) A Win-Win mechanism for both investors and borrowers Borrowers Investors Quick origination Financing collateral Small investment Little time & effort is capacity amounts required Faster originations than We can provide loans with a Lending Investment Easy investment
Slide 43: Company Profile (as of June 30, 2025)
Company Profile（as of June 30, 2025） Company Name Loadstar Capital K.K Address Prime Ginza Yanagidori Building, 1-9-13 Ginza, Chuo-ku, Tokyo, Japan Founded March 14, 2012 Representative Tatsushi Iwano, President Number of Directors 6 (including three outside directors) Number of Officers and Employe
Slide 44: Shareholders
Shareholders ⚫ While the shareholder composition ratio remains stable, we are keeping the proportion of domestic and foreign institutional investors in mind. ⚫ We also continue to attend briefings for individual investors, as we value indiviual investors, as well. Ratio of Voting Rights by Ownership
Slide 46: Real estate investment from overseas
Real estate investment from overseas ⚫ Large-scale transactions such as Tokyo Garden Terrace Kioicho office complex and Tokyu Plaza Ginza commercial facility took place. Foreign investments in Tokyo's central five wards accounted for 61% of the total domestic investment amount. Tokyo also ranked fir
Slide 47: 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 fu

Loadstar Capital K.K. — Q2 2025 Earnings Presentation on 6ix

Loadstar Capital Kk — Q2 2025 Earnings Presentation

Slide 1: Q2 FY2025 Financial Results

Slide 2: Mission: Real Estate X Tech to Open Up a New Market

Slide 3: Table of Contents

Slide 4: Highlights of the Q2 FY2025

Slide 5: Highlights of the Q2 FY2025

Slide 6: Topics of Q2 FY2025

Slide 7: Real Estate Market Outlook

Slide 8: Overview of Q2 FY2025 Financial Results

Slide 9: Consolidated Sales and ROE

Slide 10: Consolidated Profit before Income Taxes and Cost Controls

Slide 11: Consolidated Statements of Income

Slide 12: Consolidated Balance Sheet

Slide 13: Consolidated Statements of Cash Flows

Slide 14: Return to Shareholders

Slide 15: Business Overview by Segment

Slide 16: Real Estate Investments

Slide 17: Corporate Funding Business Results [Real Estate Investment Sales]

Slide 18: Corporate Funding Business Results [Real Estate Leasing Sales]

Slide 19: Corporate Funding Business Results [Hotel Operations]

Slide 20: Corporate Funding Business Results

Slide 21: Asset Management Business Results

Slide 22: Real Estate Tech

Slide 23: Crowdfunding Business Results

Slide 24: Medium-Term Management Plan (FY2025-2027)

Slide 25: Basic Policy

Slide 26: Management Indicators

Slide 27: Business Strategy

Slide 28: Business Strategy

Slide 29: Capital Allocation

Slide 30: Enhancement of Corporate Value

Slide 31: Increasing PER: Fostering Expectations for Profit Growth

Slide 32: Incentive Design Based on Share Price Performance

Slide 33: Shareholder Returns

Slide 34: Corporate Governance Initiatives

Slide 35: Our Strengths and Characteristics

Slide 36: Value Creation in the Corporate Funding Business

Slide 37: Competitive Advantage of Corporate Funding Business

Slide 38: Asset Management Business

Slide 39: Crowdfunding Market and Growth Potential

Slide 40: OwnersBook Features 1

Slide 41: OwnersBook Features (Loan-Type)

Slide 42: Company Profile

Slide 43: Company Profile (as of June 30, 2025)

Slide 44: Shareholders

Slide 45: Real Estate Market Analysis

Slide 46: Real estate investment from overseas

Slide 47: Disclaimers