Strust reports Q1 revenue drop, Lower Operating Profit

TOKYO, Jul 10 (Pulse News Wire) – STrust Co.,Ltd. (3280.F) reported a 163-unit decline in property deliveries during the quarter ending February 2027, leading to a reduction in revenue to ¥3.414 billion and an lower operating profit of -¥48 million.

The company also recorded a lower net profit of -¥74 million for the quarter. The decrease in sales was attributed to uneven delivery timing across projects, particularly in the residential development sector. Despite this, management expects significant revenue accumulation in the fourth quarter due to concentrated project completions.

In the real estate management division, the company saw an increase in managed units but experienced reduced construction activity, resulting in lower revenues. Conversely, the rental business benefited from selective acquisitions, driving up earnings. Other real estate activities contributed positively through partial asset disposals.