URBANET CORPORATION Co., Ltd. [3242.T]
TOKYO, May 14 (Pulse News Wire) – Urbanet Corporation Co., Ltd. (3242.T) reported robust third-quarter results for the fiscal year ending June 2026, achieving revenue of ¥10.42 billion, operating profit of ¥1 billion, and net profit of ¥2.069 billion.
The company's urban rental apartment projects progressed smoothly, contributing significantly to its earnings. In the quarter, Urbanet sold 337 units of urban rental apartments, generating revenues of ¥17.13 billion, marking a substantial increase compared to the same period last year. Additionally, the group subsidiary, Kenine, maintained strong performance across various property types, including townhouses, apartments, and detached homes.
Despite increased general expenses due to higher personnel costs, the growth in sales effectively absorbed these additional costs. Urbanet also highlighted successful fundraising through its fifth cloud-based crowdfunding initiative, raising funds via "Funds," which attracted immediate investment interest. The company’s capital structure remained stable, with shareholders’ equity increasing to ¥37.574 billion, reflecting solid financial health.
Looking ahead, Urbanet remains committed to executing its mid-term business plan aimed at achieving consolidated sales of ¥50.00 billion by June 2028, supported by steady land acquisition progress and continued trust from financial institutions.
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