GA technologies Co., Ltd. (TSE: 3491) — operator of "RENOSY," Japan's online marketplace for buying, selling and managing investment condominiums, and of the "ITANDI" property-management SaaS used by brokers and landlords — reported interim (first-half) results on June 11, 2026 for the six months to April 2026 (fiscal year ends October), under IFRS. Revenue rose 28.5% year-on-year to ¥142,403 million, while net sales revenue (the company's gross-profit-based top-line metric) gained 24.5% to ¥25,513 million.
Top-line growth outpaces profit as the company invests
Profitability softened as GA technologies stepped up investment: business profit fell 7.8% to ¥3,863 million, operating profit dropped 9.6% to ¥3,759 million, pre-tax profit declined 12.4% to ¥3,193 million, and interim profit attributable to owners eased 6.8% to ¥1,997 million, giving EPS of ¥48.66 (down from ¥55.66). The pattern is typical of a scaling platform business absorbing upfront marketing, headcount and systems costs ahead of revenue maturation.
Full-year guidance points to a stronger second half
The company maintained its full-year FY2026 (to October 2026) guidance of revenue of ¥323,000 million (+29.7%), net sales revenue of ¥55,900 million, business profit of ¥10,000 million (+37.5%), operating profit of ¥10,000 million (+41.5%) and profit attributable to owners of ¥5,460 million (+41.1%), equivalent to EPS of ¥132.94 — implying a markedly stronger second half. It raised the annual dividend forecast to ¥13.00 from ¥8.00.
Total assets stood at ¥99,938 million and equity attributable to owners at ¥32,933 million (a 33.0% equity ratio). RENOSY's data- and technology-led approach to a traditionally analogue Japanese real-estate market continues to drive rapid transaction growth, even as near-term margins absorb the cost of that expansion.
| Metric | H1 FY2026 | H1 FY2025 | YoY |
|---|---|---|---|
| Revenue (¥m) | 142,403 | 110,778 | +28.5% |
| Net sales revenue (¥m) | 25,513 | 20,485 | +24.5% |
| Business profit (¥m) | 3,863 | 4,190 | −7.8% |
| Operating profit (¥m) | 3,759 | 4,160 | −9.6% |
| Pre-tax profit (¥m) | 3,193 | 3,647 | −12.4% |
| Profit attributable (¥m) | 1,997 | 2,143 | −6.8% |
| EPS (¥) | 48.66 | 55.66 | −12.6% |
| FY2026 guidance — revenue (¥m) | 323,000 | — | +29.7% |
| FY2026 guidance — profit attributable (¥m) | 5,460 | — | +41.1% |
JapanStockPulse provides informational content only and does not constitute investment advice. Figures are taken from the company's published earnings short report and may be subject to subsequent revision.