Sales increased 15.7% YoY to 50.0 billion JPY, which is a new record for quarterly sales. Ordinary profit decreased 5.7% to 4.8 billion JPY. Although sales were up and earnings down, compared with
1Q FY3/21, sales were up 77.9% and ordinary income was up 426.6%, demonstrating KEIAI's ability to continue growing after the end of additional demand temporarily generated by the pandemic.
Businesses returned to normal growth following the end of extra pandemic-related demand in
FY3/22. Continuing to purchase a large volume of land in order to continue growing by using KEIAI's core strength: semi custom-built houses utilizing the KEIAI Platform and the development of compact ready-built houses.
We are continuing to expand and strengthen the KEIAI Platform. The KEIAI Plus app for homebuyers has been developed. We will continue to reinforce DX activities, speed up investments to add more stores, raise our market share (a medium/long-term goal), and achieve the steady growth of KEIAI Group sales.
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Ki-Star Real Estate Co. Ltd. published this content on 12 August 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 12 August 2022 13:04:07 UTC.
KI-STAR REAL ESTATE CO.,LTD is a Japan-based company principally engaged in real estate business. The Company mainly operates in seven segments. The Land and Housing segment provides services such as sale of condominiums and additional construction related to condominiums. The Custom-built Housing segment provides services such as sale of custom homes and additional construction related to custom homes. The Used Housing segment is engaged in the sale of used houses. The Yoka Town segment is engaged in the sale of condominiums, custom houses and land in Fukuoka. The Asahi Housing segment is engaged in the sale of condominiums and land in Kanagawa. The Fresco segment is engaged the sale of condominiums and custom homes and land in Chiba. The Construction and Renovation segment is engaged in sale of condominiums, custom-built houses and land, and civil engineering construction in Kanagawa. The Company is also engaged in real estate leasing and real estate brokerage business.
KI-STAR REAL ESTATE CO.,LTD 
