Altus Holdings (8149) Releases Q3 FY2026 Operational Update

Bulletin Express
Feb 12

Altus Holdings Limited (the “Company,” together with its subsidiaries, the “Group”) reported corporate finance, asset management, and other consultancy services income of HK$5.5 million for the third quarter of the financial year ending 31 March 2026 (“Q3 FY2026”), representing a 6.3% year-on-year decline. Income is recognized upon meeting service milestones stipulated in agreements, which can lead to period-to-period revenue fluctuations.

Overall rental income from the Group’s investment properties under operating leases reached HK$6.8 million during Q3 FY2026, remaining at a level similar to the same period last year. In Hong Kong, an office unit contributed to rental income after being leased in October 2025, while in Japan, rental income was tempered by the depreciation of the Japanese yen against the Hong Kong dollar. During Q3 FY2026, the occupancy rate (based on rental revenue) in the Group’s Japanese property portfolio stood at 93.7%, compared to 93.1% in the previous corresponding period.

Management noted that changes in the JPY/HK$ exchange rate affect the Group’s consolidated statement of profit or loss and other comprehensive income differently, reflecting their Japanese assets and liabilities in both Japanese subsidiaries and other subsidiaries. The resulting exchange differences, although impactful in the financial statements, are non-cash in nature. Shareholders and potential investors are advised to exercise caution when dealing in the Company’s shares.

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