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Leopalace21 (8848) investor relations material
Leopalace21 Q3 2025 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Executive summary
Net sales for the nine months ended December 31, 2025, rose 2.7% year-over-year to JPY 332,710 million, driven by higher average unit rent and stable occupancy rates.
Operating profit increased 12.5% year-over-year to JPY 28,645 million, with EBITDA up 10.4% to JPY 31,054 million.
Net income attributable to shareholders fell 34.9% year-over-year to JPY 10,014 million, mainly due to a JPY 10,068 million extraordinary loss from cancellation of treasury stock acquisition rights.
Financial highlights
Gross profit margin improved to 20.4% from 18.4% year-over-year.
Equity ratio declined to 20.6% from 37.5% at the previous fiscal year-end.
Total assets decreased by JPY 52,477 million to JPY 164,147 million, mainly due to lower cash and deposits.
Dividend forecast maintained at JPY 10.00 per share for the full year.
Outlook and guidance
Full-year net sales forecast at JPY 444,100 million (+2.8% year-over-year), operating profit at JPY 34,800 million (+19.1%), and net income at JPY 13,000 million (-27.2%).
No changes to previously announced earnings forecasts.
Forward-looking statements caution that actual results may differ due to various factors.
- Net income surged 47.4% YoY in Q1 FY2025 on higher rents and improved margins.8848
Q1 202412 Apr 2026 - Operating profit rose 17.5% year-over-year, led by leasing, despite a drop in net income.8848
Q2 202412 Apr 2026 - Profits and sales rose for a third year, with upwardly revised forecasts and stronger equity.8848
Q3 202412 Apr 2026 - Sales and profit rose, but net income fell on tax effects; FY2026 outlook remains positive.8848
Q4 202412 Apr 2026 - Sales and operating profit rose, but net income plunged on a major extraordinary loss.8848
Q1 202512 Apr 2026 - Operating profit rose on higher rents, but net income dropped due to extraordinary losses.8848
Q2 202512 Apr 2026
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