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Real Gate Research Memo (8): For the time being, capital gains are expected against the backdrop of high profit growth.
■ The shareholder return policy of Real Gate <5532> plans to forgo dividends for the fiscal year ending September 2024 in order to prioritize investments for growth. The funds obtained from the listing will, in the short term, be utilized for securing properties. The company is uniquely positioned as it offers small office and share office solutions in Shibuya and Minato wards in a seamless manner. Due to high customer evaluations and a continuously upward performance, the current investment stance primarily aims for capital gains.
Lear Gate Research Memo (5): For the fiscal year ending September 2024, operating profit is expected to increase by 39.7% compared to the previous period. Success in transitioning the Business model.
■ The performance trends of Lear Gate <5532> 1. Overview of performance for the fiscal year ending September 2024. For the fiscal year ending September 2024, revenue increased by 14.0% year-on-year to 7,948 million yen, operating profit increased by 39.7% to 766 million yen, ordinary profit increased by 30.0% to 629 million yen, and net income increased by 36.5% to 380 million yen, achieving growth in both revenue and profit. Regarding revenue, both stock-type and flow-type performed well. Stock-type revenue increased by 10.8% year-on-year to 5,520 million yen.
Real Gate Research Memo (4): The business processes, revenue structure, and strengths of Lear.
■ The business overview of Lear Gate <5532> 5. Business process: From planning and design to Operation (ML・PM), everything is internally produced. In the company, projects are formed for each property, and under the project leader, members such as planning sales (licensed real estate agent), first-class architects, first-class construction management engineers, designers, and sales administration collaborate on the work. The project carries out planning and design, construction and Leasing, and Operation seamlessly. In particular, the company places heavy emphasis on 'Operation' tasks.
Lear Gate Research Memo (2): Revitalizing and operating old small buildings as vintage properties for small offices.
■Company Overview 1. Company Overview Lear Gate <5532> is a Growth Tech company engaged in the FWP business, revitalizing old small buildings in the city center, mainly in the Shibuya area, into small offices and share offices. Since its founding in 2009, it has achieved continuous revenue growth for 15 consecutive terms. The corporate philosophy is to "bring value to the old, creativity to real estate, and freedom to work styles," and the company is working to realize this vision. The company has been led since its inception by a first-class architect with an overseas qualification.
Realgate: Extraordinary Report
Lear Gate --- (Progress of Disclosure Items) Borrowing funds associated with the acquisition of Assets.
Real Gate <5532> decided on the borrowing details for the funds used to acquire fixed assets, as announced in the "Announcements of individual stocks regarding the acquisition of fixed assets" dated November 28, 2024, at the board of directors meeting held on the 12th. The lender is ORIX Bank, with a total borrowing amount of 2 billion yen and borrowing conditions set at base interest rate + spread (variable interest rate). The borrowing execution date is December 20, 2024, with a borrowing period of 4 years, and collateral is present (land and building). There will be no revisions to the full-year financial estimates for the period ending September 2025 due to this matter.