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Lead Real Estate Co., Ltd Announces Fiscal Year 2025 Results

LRE
  • Lead Real Estate Co., Ltd reported net income attributable to common shareholders of JPY846.8 million ($5.9 million), a 35.1% increase from the prior fiscal year.
  • Total revenue for the fiscal year ended June 30, 2025, was JPY18.8 billion ($130.7 million), representing a 0.6% decrease from JPY19.0 billion in the prior year.
  • Real estate sales revenue declined 1.0% year-over-year to JPY18.3 billion ($127 million) due to fewer unit deliveries offset by higher average selling prices.
  • Units delivered included 70 single-family homes (land), 24 single-family homes (building), 20 condominiums (land), 5 condominiums (building), 4 hotel units (land), and 1 hotel unit (building).
  • Other revenue increased 15.5% to JPY535.3 million ($3.7 million), driven by the expansion of hotel operations & higher average daily rates.
  • Cost of revenue for real estate sales decreased 6.1% to JPY14.8 billion ($102.4 million), contributing to a gross margin improvement from 15.6% to 19.8%.
  • Selling, general, & administrative expenses rose 9.9% to JPY2.3 billion ($15.6 million), increasing their share of revenue to 12.0% from 10.8%.
  • Operating income surged 64.1% to JPY1,475 million ($10.2 million), with the operating profit margin improving to 7.8% from 4.7%.
  • Interest expenses increased to JPY44.5 million ($309 thousand) from JPY18.3 million, reflecting higher market interest rates.
  • Other expenses totaled JPY35.9 million ($249 thousand), primarily due to a non-recurring impairment loss on equity securities of JPY23.5 million.
  • Cash & cash equivalents grew to JPY2.7 billion ($18.4 million) as of June 30, 2025, compared to JPY1.3 billion the prior year.
  • Earnings per ADS were JPY62.07 ($0.43) for the fiscal year 2025, up from JPY46.93 in the prior year.
  • The company plans to expand hotel operations nationwide, acquire condominium units in the Philippines & Malta, & evaluate opportunities in the United States for fiscal year 2026.
  • Lead Real Estate paid its third consecutive annual dividend while maintaining a focus on high-value luxury residential properties & extended-stay hotels under the ENT TERRACE brand.