robot home H1 Revenue Jumps 84% and Operating Profit Multiplies Five-Fold on Apartment Supply

The flow business does the work

robot home Inc. (TSE: 1435) published consolidated first-half results for FY12/2026 on August 12, 2026, covering January 1 to June 30, 2026 under Japanese GAAP. Revenue rose 84.2% to ¥9,233 million and operating profit 428.8% to ¥387 million, for earnings per share of ¥2.68 against ¥1.98. Gross profit grew a slower 40.0% to ¥2,639 million, so the gross margin fell to 28.6% from 37.6% — the arithmetic of a period in which low-margin property sales grew far faster than the rest of the business.

The robot home segment, which supplies new and second-hand apartment buildings to owners and then takes on the rental management, lifted revenue 83.6% to ¥8,817 million and segment profit 45.4% to ¥1,300 million. The company describes the model as a cycle: property supply and resale on the flow side, rental management and in-house guarantees on the stock side, with transactions circulating inside its own platform. On the stock side it leaned on "robot home for PM", an RPA system for rental-management work, and pushed into maintenance and a larger share of self-underwritten guarantees.

The smaller AI & IoT segment, which builds and runs the platform itself and sells DX consulting outside the property industry, nearly doubled revenue to ¥437 million (+95.0%) and more than tripled segment profit to ¥206 million (+213.3%). The two segments together earned ¥1,506 million, but ¥1,117 million of unallocated corporate cost — up from ¥885 million — brings the reported operating profit down to ¥387 million.

Below the operating line, a tougher comparison

Non-operating income fell to ¥19 million from ¥195 million, because the year-earlier half booked ¥183 million of investment-partnership gains that shrank to ¥2 million this time. Non-operating expenses rose to ¥79 million from ¥62 million, with interest paid at ¥40 million against ¥31 million and fees at ¥37 million against ¥28 million. An extraordinary loss of ¥50 million on the valuation of investment securities followed, against ¥27 million of extraordinary losses a year ago. Pre-tax profit was ¥278 million against ¥178 million, and a much higher tax charge of ¥34 million against ¥1 million held the net line to ¥239 million.

The balance sheet shows what growth of this kind costs. Total assets rose ¥3,444 million to ¥19,369 million, with real estate held for sale up ¥5,375 million, work in progress up ¥443 million and receivables up ¥747 million, while cash fell ¥3,492 million. Liabilities grew ¥3,482 million to ¥8,240 million, almost entirely borrowings: ¥2,381 million more of long-term debt due within a year, ¥756 million more of long-term debt and ¥541 million more of short-term borrowings. Net assets edged down ¥38 million to ¥11,128 million as ¥89 million of dividends and ¥199 million of share buybacks outweighed the half's profit. The equity ratio fell to 57.4% from 70.1%.

Guidance unchanged, and back-loaded

robot home left the forecast issued on February 12, 2026 in place. For the full year to December 2026 it expects revenue of ¥35,000 million (+45.4%), operating profit of ¥2,400 million (+35.9%), ordinary profit of ¥2,200 million (+23.1%) and net profit of ¥2,000 million (+0.5%), for earnings per share of ¥22.25.

That leaves a great deal for the second half: the six months to June delivered 26% of the revenue target and 16% of the operating-profit target, so the guidance implies ¥25,767 million of revenue and ¥2,012 million of operating profit between July and December. The annual dividend forecast is unchanged at ¥2.00 per share, split evenly between the interim and year-end payments, with the interim payable from September 2, 2026.

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.