Roadster Capital <3482> focuses on real estate investment in office buildings, as well as real estate leasing, real estate asset management, and real estate specialized crowdfunding. It achieves stable performance growth by having multiple revenue bases. In addition to having the characteristic of being able to accumulate profits significantly through the sale of real estate for sale, the asset management business is a stock-type revenue model, which further strengthens the robustness of the company's performance.

For the cumulative performance in the third quarter of the fiscal year ending in December 2024, the revenue increased by 1.9% year-on-year to 24,299 million yen, and the operating profit increased by 34.7% to 9,501 million yen, resulting in an increase in revenue and a significant increase in profit. Regarding the top line, real estate leasing, asset management, and crowdfunding all contributed to the increase in revenue, pushing up the overall revenue. In addition, in July 2024, the company acquired six hotels operated by Hiramatsu Corporation, which also contributed to the increase in revenue. In terms of profit, the company showed growth surpassing the revenue growth, as it sold multiple high-profit margin real estate for sale, improved the profit margin of the leasing business due to strong inbound demand, and saw steady growth in the asset management and crowdfunding businesses. As a result, the operating profit margin rose sharply by 9.5 percentage points year-on-year to 39.1%. The progress rate of operating profit against the full-year performance forecast is also performing well, exceeding expectations at 82.1%.

Regarding the full-year performance forecast for the fiscal year ending in December 2024, the expected revenue is an increase of 31.1% to 37,658 million yen compared to the previous period, and the operating profit is projected to increase by 40.2% to 11,567 million yen. It is expected to achieve significant revenue and profit growth, with no changes from the initial performance forecast. In addition to planning to sell real estate for sale towards the end of the period, it is expected that other businesses will generally perform well. As for dividends, the company aims to implement stable and continuous profit redistribution with a target dividend payout ratio of 17%, planning to set the full-year dividend for December 2024 at 70.0 yen per share (dividend yield of 2.89%).

In terms of medium to long-term growth strategy, while establishing a corporate funding business (real estate investment, real estate leasing, hotel operation) as its management foundation, Roadster Capital aims to enhance corporate value through the expansion of the asset management and crowdfunding businesses. The company aims to achieve sales of 30,000 million yen, pre-tax profit of 10,000 million yen, ROE of 30% or more, dividend payout ratio of 17% or more, self-owned assets balance of 75,000 million yen, AUM (assets under management) of 200,000 million yen, and OwnersBook investment amount of 20,000 million yen by the fiscal year ending in December 2024. While the enhancement of value through long-term ownership is essential for real estate investment business, amidst the record high balance of real estate for sale, the company expects profits to continue to accumulate smoothly in the future. In fact, as of the end of the third quarter of the fiscal year ending in March 2024, the balance of real estate for sale increased by 46.2% compared to the previous period to 80,599 million yen, and the number of properties increased by 6 to 25 properties, showing an expansion of unrealized gains. The company sees that as profits continue to grow, shareholder returns will also be further enhanced.