TOKYO, Mar 13 (Pulse News Wire) – LANDNET Inc. (2991.T) reported its second half results for the fiscal year ending July 2026, covering the period from August 1, 2025, to January 31, 2026.
The company's revenue reached ¥51.48 billion, marking a ¥11 million increase compared to the same period last year. However, operating profit declined to ¥1.808 billion, down --¥10.8 million from the previous year, while ordinary profit was ¥1.578 billion, a decrease of --¥13.6 million. Net income attributable to parent shareholders stood at ¥1.100 billion, representing a drop of --¥7.2 million compared to the prior year. In the real estate brokerage sector, the company saw robust performance despite challenges. During the reporting period, the number of transactions increased significantly, with total sales reaching ¥50.83 billion, up 11.1% from the previous year. Meanwhile, rental management services experienced growth in managed units, rising to 9,773 units, but higher depreciation expenses due to system upgrades led to lower profitability in this segment.
Regarding liquidity and capital structure, total assets grew to ¥39.13 billion, reflecting an increase of 10.6% compared to the end of the previous fiscal year. Current liabilities rose to ¥21.64 billion, driven primarily by increased short-term borrowings aimed at purchasing properties for sale. Equity also expanded to ¥11.95 billion, boosted by net income and reduced dividend payments. For the full fiscal year ending July 2026, LANDNET forecasts revenues of ¥110.6 billion, with operating profit expected to reach ¥4.503 billion. The company anticipates a continued focus on expanding its database and improving operational efficiency through enhanced customer service offerings. Landnet plans to continue its efforts to strengthen its operations and expand its funding sources through initiatives such as crowdfunding platforms.
Despite facing headwinds, the company remains committed to achieving its medium-term goals outlined in its strategic plan released in September 2025.
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