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KATITAS (8919) investor relations material
KATITAS Q3 2026 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Executive summary
Net sales for the first nine months of FY2025 rose 16.3% year-over-year to ¥112,414 million, with operating profit up 31.1% to ¥14,248 million and net income up 31.6% to ¥9,486 million, driven by record property sales and favorable market conditions.
The number of properties sold increased 13.7% year-over-year to 6,284, supported by ample inventory, strategic purchasing, and strong demand for affordable, refurbished homes.
Inventory of real estate for sale and in process increased by 25.5% compared to the previous fiscal year-end, supporting stable growth.
Gross profit margin remained strong at 23.5%, with adjusted gross profit margin at 24.6%, reflecting resilience despite a slight decline due to sales mix changes and accounting adjustments from consumption tax litigation.
SG&A expenses rose 4.1% year-over-year, mainly due to higher personnel costs and increased incentives, but operating profit margin improved to 12.7%.
Financial highlights
Net sales for 3Q FY2025 increased 22.6% year-over-year to ¥39,998 million, with operating profit up 29.4% to ¥5,237 million.
ROE (LTM) improved to 25.3%, up 2.2 points year-over-year.
EPS for 3Q YTD reached ¥121.29, up from ¥92.29 in the prior year.
Total assets as of December 31, 2025, were ¥90,566 million, up from ¥83,329 million at the previous fiscal year-end.
Net assets increased to ¥50,073 million, with an equity-to-asset ratio of 55.3%.
Outlook and guidance
Full-year net sales forecast is ¥147,500 million (up 13.9% year-over-year), with operating profit of ¥17,800 million (up 25.2%) and profit attributable to owners of parent of ¥11,900 million (up 24.6%).
Full-year operating profit is expected to slightly exceed the revised forecast of ¥17,800 million, with annual growth of 10% targeted for the next fiscal year.
The company aims to achieve ¥20,000 million in operating profit ahead of schedule by FY2027 and maintain double-digit growth.
Annual dividend forecast is ¥78.00 per share, up from ¥56.00 in the previous year, reflecting a payout ratio above 50%.
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