Wakita reports Q1 profit growth, launches stock compensation

Wakita & Co reported a 5.1% increase in net sales to JPY23,104 million and 4.7% rise in operating profit to JPY1,633 million for Q1 FY2026, driven by improved rental occupancy and price pass-through. Profit attributable to owners surged 26.0% to JPY1,160 million.

The company announced disposal of 188,700 treasury shares at JPY1,700 per share, totaling JPY320,790,000, as restricted stock compensation for 629 employees with transfer restrictions until June 2028.