バリューアップ事業の売上高は同1,043.2%増の38.70億円、セグメント利益は同917.1%増の4.81億円となった。中古の収益ビルを購入し、外観や設備が経年劣化した不動産に対して効率的に改修を行うことで、既存の建物の付加価値を高めた上で売却しており、八雲2プロジェクト、浅草橋8プロジェクト及び下目黒3プロジェクト等の7物件を売却した。Propasto <3236> announced its financial results for the first quarter of the fiscal year ending in May 2025 (June-August 24). Revenue increased by 38.7% year-on-year to 9.887 billion yen, operating profit decreased by 9.1% to 1.233 billion yen, ordinary profit decreased by 11.7% to 1.075 billion yen, and net profit for the quarter decreased by 11.7% to 0.744 billion yen.
In the condominium development business, there were no properties handed over for revenue recognition, resulting in zero revenue (compared to no revenue in the same period of the previous year). Due to this reason, segment profit was not recorded (no segment profit).
Revenue in the rental development business decreased by 11.4% year-on-year to 6.016 billion yen, and the segment profit decreased by 33.0% to 1.052 billion yen. The company is involved in land acquisition, planning, construction, and sales of rental apartments mainly in the Tokyo metropolitan area, and has sold 8 properties including the Midori 2 Project, Nishi-kata Project, and Takanawa 3 Project.
Revenue in the value-up business increased by 1,043.2% to 3.87 billion yen, and segment profit increased by 917.1% to 0.481 billion yen. The company purchased used income-generating buildings and efficiently renovated properties with deteriorated appearance and facilities, thereby increasing the value of existing buildings before selling them. The company has sold 7 properties including the Yakumo 2 Project, Asakusabashi 8 Project, and Shitameguro 3 Project.
Regarding the performance forecast for the full fiscal year ending in May 2025, revenue is expected to increase by 15.0% to 26.802 billion yen compared to the previous period, operating profit is expected to decrease by 34.9% to 1.991 billion yen, ordinary profit is expected to decrease by 40.0% to 1.557 billion yen, and net profit for the period is expected to decrease by 40.1% to 1.09 billion yen, maintaining the initial plan.
On the same day, it was announced that up to 600,000 shares of common stock would be repurchased as treasury stock.
