Worth reading
63In focus
0–100. This measures how worthwhile something is to read, not how good or bad the company is.Direction
Mixed performance
Direction inferred from the company’s description.Scale
-2.5
% (year-on-year change in revenue)Wording
Conditional
How definitive the wording is.Results for this period
Third quarter1 June 2025–28 February 2026ConsolidatedJapanese GAAPNet Sales120,824¥ millionYear on year -2.5%Progress 57.8%
Operating profit-3,375¥ million
Ordinary income-3,379¥ million
Net income attributable to owners of the parent-2,668¥ million
The width of the band at each stage is based on revenue. The narrower it becomes toward the bottom, the smaller the proportion of revenue that remains as profit. The dotted outline is the full-year forecast and the band inside it is the result for this period. The progress rate is the result divided by the forecast.
Net income per share-¥92.05
Financial position at period-end
Total assets97,475¥ million
of which net assets 25,880 ¥ millionEquity ratio 26.5%vs. prior year-end -10.6pt
塗りつぶした部分が自己資本比率です。総資産のうち、返済のいらない自前の資金がどれだけかを表します。The thin vertical line indicates the level at the end of the previous fiscal year.
Segment revenueHousing Business ¥81,454 million (YoY -6.4%), Real Estate Business ¥34,698 million (YoY +7.6%), Financial Business ¥632 million (YoY -0.3%), Energy Business ¥586 million (YoY -2.9%)
Segment profitHousing Business ¥-6,114 million, Real Estate Business ¥1,916 million (YoY +63.4%), Financial Business ¥99 million (YoY +110.3%), Energy Business ¥178 million (YoY -2.9%)
Outlook and shareholder returns
Full-year earnings forecast
Net Sales¥209,000 million (YoY +4.1%)
Operating profit¥4,700 million (YoY +14.3%)
Ordinary income¥4,300 million (YoY +13.5%)
Profit attributable to owners of the parent¥1,350 million (YoY -8.7%)
Revision to Earnings ForecastNo revision
Annual Dividend Forecast¥195 → ¥125（-35.9%）
Factors Behind Changes in Business Performance
Changes in the home-buying environment, higher construction costs, a weakening trend in new housing starts, and more cautious consumer sentiment due to rising prices and trends in home loan interest rates. In the energy business, power sales were below the year-earlier level due to the introduction of a proxy curtailment mechanism and weather-related factors.
Disclosure regarding the going concern assumption
Not applicable.
Change in accounting policy
基準改正に伴う変更 Noそれ以外の変更 No見積りの変更 No修正再表示 No
Changes in the scope of consolidationNew 0 companies (company name: —) / Excluded 0 companies (company name: —)
Impairment loss¥25 million
Breakdown of extraordinary income (loss)Extraordinary income Gain on sale of non-current assets ¥0 million, Gain on sale of investment securities ¥0 million / Extraordinary loss Loss on sale of fixed assets ¥0 million, Loss on Disposal of Fixed Assets ¥71 million, Impairment Losses ¥25 million
Depreciation and amortization¥1,654 million
Orders received and order backlogOrders received ¥125,855 million / Order backlog Not disclosed
Availability of Supplementary Financial Results MaterialsYes
Availability of Financial Results BriefingYes (for securities analysts and institutional investors)
Issued Shares at Period-End29,455,800 shares
Treasury Shares at Period-End467,642 shares
| Item | Details |
|---|---|
| Fiscal Period Classification | Third quarter |
| Accounting standards | Japanese GAAP |
| Consolidated / non-consolidated | Consolidated |
| Period Covered | 1 June 2025–28 February 2026 |
| Net Sales | ¥120,824 million (YoY -2.5%) |
| Operating profit | ¥-3,375 million |
| Ordinary income | ¥-3,379 million |
| Profit attributable to owners of the parent | ¥-2,668 million |
| Net income per share | -¥92.05 |
| Equity ratio | End of the current fiscal period 26.5 / End of previous period 37.1 |
| Total assets | ¥97,475 million |
| Net assets | ¥25,880 million |
| Full-year earnings forecast | Net Sales ¥209,000 million (YoY +4.1%) / Operating profit ¥4,700 million (YoY +14.3%) / Ordinary income ¥4,300 million (YoY +13.5%) / Profit attributable to owners of the parent ¥1,350 million (YoY -8.7%) |
| Revision to Earnings Forecast | No revision |
| Annual Dividend Forecast | ¥195 → ¥125（-35.9%） |
| Segment revenue | Housing Business ¥81,454 million (YoY -6.4%), Real Estate Business ¥34,698 million (YoY +7.6%), Financial Business ¥632 million (YoY -0.3%), Energy Business ¥586 million (YoY -2.9%) |
| Segment profit | Housing Business ¥-6,114 million, Real Estate Business ¥1,916 million (YoY +63.4%), Financial Business ¥99 million (YoY +110.3%), Energy Business ¥178 million (YoY -2.9%) |
| Orders received and order backlog | Orders received ¥125,855 million / Order backlog Not disclosed |
| Depreciation and amortization | ¥1,654 million |
| Impairment loss | ¥25 million |
| Breakdown of extraordinary income (loss) | Extraordinary income Gain on sale of non-current assets ¥0 million, Gain on sale of investment securities ¥0 million / Extraordinary loss Loss on sale of fixed assets ¥0 million, Loss on Disposal of Fixed Assets ¥71 million, Impairment Losses ¥25 million |
| Disclosure regarding the going concern assumption | Not applicable. |
| Change in accounting policy | Changes due to revisions to standards No / Other changes No / Change in accounting estimate No / Restatement No |
| Changes in the scope of consolidation | New 0 companies (company name: —) / Excluded 0 companies (company name: —) |
| Availability of Supplementary Financial Results Materials | Yes |
| Availability of Financial Results Briefing | Yes (for securities analysts and institutional investors) |
| Issued Shares at Period-End | 29,455,800 shares |
| Treasury Shares at Period-End | 467,642 shares |
| Factors Behind Changes in Business Performance | Changes in the home-buying environment, higher construction costs, a weakening trend in new housing starts, and more cautious consumer sentiment due to rising prices and trends in home loan interest rates. In the energy business, power sales were below the year-earlier level due to the introduction of a proxy curtailment mechanism and weather-related factors. |
Items this document does not state (9)
Operating MarginCash flows from operating activitiesCash flows from investing activitiesCash flows from financing activitiesCash and cash equivalents at end of periodPayout ratioShareholder Return PolicyRegional salesMaterial subsequent events
These are items the company does not state in this document. We do not leave them blank, nor fill them in from other sources or by inference.
The reasons the company gives
The company's own explanation, not something inferred from the numbers.The company cited changes in the home-buying environment, higher construction costs, a weakening trend in new housing starts, and more cautious consumer sentiment amid rising prices and trends in home loan interest rates. In the energy business, power sales were below the year-earlier level due to the introduction of a proxy curtailment mechanism and weather-related factors.
How to read this page
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