Wealth Management, Inc. [3772.T]
TOKYO, May 15 (Pulse News Wire) – Wealth Management,inc. (3772.T) reported lower-than-estimated operating profit for the fiscal year ended March 2026 due to delays in several projects.
Revenue was ¥151 billion from ¥290 billion, while operating profit dropped to ¥1 billion compared to ¥45 billion in the previous fiscal year. The company attributed the decline primarily to delayed development projects and limited contributions from smaller real estate transactions targeting affluent individuals. In addition, the firm's asset management revenue missed expectations due to slower-than-planned expansion of assets under management (AUM). Hotel operations contributed positively, driven by two hotels opened in Kyoto in 2024.
However, overall performance was hampered by higher upfront costs incurred prior to construction commencement and design changes caused by project delays. Looking ahead, Wealth Management plans to focus on stabilizing hotel revenues and enhancing sourcing capabilities to boost AUM growth. The company also intends to accelerate conversion and rebranding projects aimed at quicker returns. For the fiscal year ending March 2027, the company forecasts sales of ¥183 billion and operating income of ¥20 billion, though it did not provide a net profit estimate.
The company will release additional details through a video presentation available on its website.
🟢 Confidence: High AI-translated content.