Kasumigaseki Capital exceeds targets, plans significant growth

Kasumigaseki Capital achieved net income of 10.2 bn yen for FYE8/2025, reaching Phase 1 Medium-Term Management Plan targets ahead of schedule. Gross profit grew to 36.4 bn yen, a 96.3% increase year-over-year, driven by success fees comprising approximately 30% of the total. The company’s AUM and pipeline reached 663.6 bn yen, up 172.0 bn yen from FYE8/2024, with inventory increasing to 53.3 bn yen to support future growth.

The company completed its domestic business model across hotel, logistics, and healthcare segments by listing a Hotel REIT and establishing private placement funds. Looking ahead, Kasumigaseki Capital revised its FYE8/2026 net income forecast upward from 15.0 bn yen to 16.5 bn yen. It targets over 50 properties in operation by 2028 and beyond, with approximately 10 new openings annually.

The Phase 2 Medium-Term Management Plan (FYE8/2025-2029) aims for a 1.5 trillion yen AUM target by FYE8/2029, diversifying the business portfolio to include international expansion, such as frozen and chilled warehouses in ASEAN and development projects in Dubai. The company projects basic EPS to grow 20.4x since IPO, reaching 834.86 yen by FYE8/2026, with a dividend forecast of 165 yen per share (330 yen before stock split) for FYE8/2026.