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KATITAS (8919) investor relations material
KATITAS Q2 2026 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Q2 2026 earnings summary7 Nov, 2025
Executive summary
Net sales for 1H FY2025 rose 13.1% year-over-year to ¥72,415 million, with operating profit up 32.1% to ¥9,010 million, both exceeding plan targets.
Number of properties sold increased 10.6% YoY to 4,064, with inventory real estates up 33.4% YoY, supporting future growth.
Gross profit margin improved by 0.9 percentage points year-on-year, with adjusted gross profit margin at 24.8% (up 1.9pt YoY), reflecting underlying competitiveness despite accounting changes from litigation.
The company revised its full-year earnings forecast upward, projecting operating profit of ¥17,800 million (+25.2% YoY) and net sales of ¥147,500 million (+13.9% YoY).
The company operates solely in the used housing refurbishing and remodeling business.
Financial highlights
Net sales: ¥72,415 million (+13.1% YoY); Operating profit: ¥9,010 million (+32.1% YoY); Net income: ¥5,986 million (+32.0% YoY); EPS for 1H FY2025 was ¥76.56, up 31.8% YoY.
2Q FY2025 net sales grew 13.8% YoY to ¥37,352 million; operating profit rose 26.0% to ¥4,679 million.
Gross profit: ¥17,222 million (up from ¥14,645 million YoY); gross margin increased by 0.9 percentage points.
Cash and deposits decreased 42.0% YoY, while inventory real estates rose 33.4% YoY.
Comprehensive income matched net income at ¥5,986 million.
Outlook and guidance
Full-year sales forecast revised to ¥147,500 million (+13.9% YoY), with operating profit forecast at ¥17,800 million (+25.2% YoY), net income at ¥11,900 million (+24.6% YoY), and EPS ¥152.11.
Adjusted gross profit margin expected to recover to 24.6% for the year, offsetting the impact of consumption tax litigation.
Dividend forecast raised to ¥78.0 per share, with a payout ratio of 50%+.
Inventory growth impact on cash flow
REPRICE lawsuit: distinct points and risk
Sustainability of "Fourth Option" advantage
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Q3 20266 Feb, 2026
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Frequently asked questions
KATITAS Co., Ltd. is a Japanese company specializing in the purchase, renovation, and resale of pre-owned homes. The company’s core business involves acquiring older or vacant residential properties, refurbishing them to modern standards, and selling them to individuals and families seeking affordable housing options. KATITAS focuses on revitalizing housing in suburban and rural areas across Japan, addressing the demand for quality housing at lower price points. The company is headquartered in Tokyo, Japan, and its shares are listed on the TSE.
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