LogProstyle (LGPS) H2 2025 earnings summary

Executive summary

• FY2025 revenue rose 46.23% to ¥20,651 million, operating income increased 43.05% to ¥1,343 million, EBITDA grew 44.96% to ¥1,487 million, and net income rose 133% to ¥754 million.

• Growth was led by real estate sales; hotel occupancy improved despite lower average daily rates, and Japanese common shares began trading directly on NYSE American.

• Strengthened capital base and post-IPO plans support integrated development, brand expansion and a shift away from early asset sales.

Financial highlights

• Revenue rose 46.23% to ¥20,651 million; gross profit increased 34% to ¥3,559 million, while gross margin declined 154 bps to 17.2%.

• Operating income grew 43.05% to ¥1,343 million; operating expenses increased 29% to ¥2,217 million, driven by payroll and brokerage fees.

• Net income reached ¥754 million, up 133%; EPS increased 126.2% to ¥34.76.

• EBITDA rose 44.96% to ¥1,487 million, including ¥144 million of depreciation and amortization.

• Net assets nearly doubled, increasing 99.5% year over year.

Outlook and guidance

• Plans to use the strengthened post-IPO financial base for integrated development and avoid early asset sales.

• Expansion targets Japanese hospitality, food services and real estate development in the U.S. and UAE, alongside brand growth, M&A and joint ventures.