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<ul><li>On May 9, 2024, Migalo Holdings Inc. (hereafter, the Company) announced its full- year FY2024/3 earnings results.</li><li>Sales rose 14.5% YoY to ¥42,672 mn, and operating profit fell 14.4% YoY to ¥2,500 mn, largely in line with the Company's full-year forecast calling for sales to rise 12.7% YoY to ¥42,000 mn and operating profit to drop 14.4% YoY to ¥2,500 mn.</li><li>The Company will pay a year-end dividend of ¥45 per share, including a commemorative dividend of ¥5 per share to celebrate the 20th anniversary of the founding of its predecessor, Property Agent, Inc.</li></ul>

On May 9, 2024, Migalo Holdings Inc. (hereafter, the Company) announced its full- year FY2024/3 earnings results.Sales rose 14.5% YoY to ¥42,672 mn, and operating profit fell 14.4% YoY to ¥2,500 mn, largely in line with the Company's full-year forecast calling for sales to rise 12.7% YoY to ¥42,000 mn and operating profit to drop 14.4% YoY to ¥2,500 mn.The Company will pay a year-end dividend of ¥45 per share, including a commemorative dividend of ¥5 per share to celebrate the 20th anniversary of the founding of its predecessor, Property Agent, Inc.

Migalo Holdings (5535 JP) - Full-Year FY2024/3 Earnings Review

Japan

Tateru, Inc. offers real estate brokerage services. The Company mainly operates apartment management platforms and offers related leasing services. Tateru provides services in Japan.

KATITAS Co., Ltd. provides real estate services. The Company mainly offers second-hand house management, marketing, brokerage, and other related services. KATITAS provides services throughout Japan.

NISSHIN FUDOSAN Co., Ltd. designs, develops, sells its brand condominiums. The Company also leases and multi-unit commercial and residential buildings. Nisshin Fudosan also operates consumer finance business.

COSMOS INITIA Co., Ltd. sells real estate properties mainly in Tokyo and Kinki areas. The Company also constructs, manages, maintains, and repairs multi-unit buildings and office buildings and provides real estate brokerage services.

Mugen Estate Co., Ltd provides real estate services.  The Company buys and sells used condominiums, residential houses and office buildings.  Mugen Estate also does investment business for real estates.

AIRPORT FACILITIES Co., LTD. manages and leases airport facilities at Haneda Airport in Tokyo and at Itami Airport in Osaka.  The Company constructs, operates, and maintains air-conditioning, water supply, and sanitation systems for airport facilities.  The Company also manages Narita International Airport facilities through its subsidiary.

Good Com Asset Co., Ltd. provides real estate services. The Company offers mansion planning, developing, and selling, as well as rent management, real estate consulting, and property and casualty insurance.

Ascot Corp. owns and operates real estate properties.  The Company's principal activities include residential property leasing, land development and property management services for residential and commercial buildings.  Ascot Corp. also undertakes building and renovation projects.

ANABUKI KOSAN INC. builds and sells single-family houses and condominiums.  The Company also provides real estate brokerage services.

Japan Property Management Center Co.,Ltd. provides real estate management services. The company leases buildings from owners and sublease to others. The company also provides franchise services.

Japan Property Management Center (3276 JP)

Polaris Capital PCL develops real estate. The Company develops single family homes, townhouses, condominiums, and resorts.

Fullsun International Holdings Group Company Limited operates as a real estate development company. The Company provides property sales, property management, property investment, and other services. Fullsun International Holdings Group also provides construction materials.

Kaisa Group Holdings Limited is an integrated real estate company. The Group focuses on urban development and operation. Kaisa Group's real estate business covers the planning, development and operation of large-scale residential properties and integrated commercial properties.

Lai Sun Development Company Limited, through its subsidiaries, develops and invests in properties.  The Company also operates hotels and restaurants.

Noble Development Public Company Limited develops property ranging from single detached houses to low-rise and high-rise condominiums.  The Company also provides housing construction and project management services.

Powerlong Commercial Management Holdings Limited offers real estate services. The Company provides residential property management, office buildings management, serviced apartments management, and other services. Powerlong Commercial Management Holdings provides its services throughout China.

Powerlong Commercial Management Holdings (9909 HK)

Newtime Infrastructure Ltd. produces movies.

China Electronics Optics Valley Union Holding Company Limited develops and operates commercial business parks. The Company upgrades, restructures, develops and operates commercial business properties throughout China.

Beijing North Star Company Limited develops, leases, and invests in properties. The Company operates shopping centers, hotels, restaurants, and recreation businesses.  The Company also provides property management.

Zhong An Group Limited operates as a real estate development company. The Company builds shopping malls, office buildings, hotels, serviced apartments, and other buildings. Zhong An Group markets its products throughout China.

MIGALO HOLDINGS Inc. provides information technology services. The Company offers facial recognition platform services, cloud integration services, and contracted system development services. MIGALO HOLDINGS also offers real estate development and sales, rental management, business management, and other services.

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Migalo Holdings (5535 JP) - Full-Year FY2024/3 Earnings Review

On May 9, 2024, Migalo Holdings Inc. (hereafter, the Company) announced its full- year FY2024/3 earnings results. Sales rose 14.5% YoY to ¥42,672...

Sessa Investment Research