TOKYO, Mar 13 (Pulse News Wire) – LANDNET Inc. (2991.T) reported its second quarter revenue for the fiscal year ending July 2026 increased by 10.2% compared to the same period last year, reaching ¥51.80 billion.
Operating profit declined slightly but remained robust, totaling ¥1.388 billion. Despite a reduction in operating income due to higher family-type property sales shifting settlement times to later quarters, the company remains confident in meeting its annual budget targets based on current performance trends. In the real estate market, the company highlighted a significant increase in demand for used condominiums, noting that the number of transactions reached 1,300 units in January 2026, marking a continuous rise since May 2020.
Additionally, the average price per tsubo for such properties continued to exceed previous levels for 69 consecutive months, indicating strong market conditions. LANDNET also emphasized its strategic focus on expanding its portfolio to include more high-value family homes, apartments, and individual houses. This shift contributed to an upward trend in transaction prices per unit, although it resulted in a slight decrease in the number of transactions handled per employee.
The company plans to continue enhancing operational efficiency through system improvements while increasing its sales force to maintain a high-revenue structure moving forward.
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