Worth reading
52Recurring
0–100. This measures how worthwhile something is to read, not how good or bad the company is.Direction
Deterioration
Direction inferred from the company’s description.Scale
1016
¥ million (year-on-year deterioration in operating income)Wording
Conditional
How definitive the wording is.Results for this period
First quarter1 April 2026 to 30 June 2026ConsolidatedJapanese GAAPNet Sales6,326¥ millionYear on year -39.6%Progress 10.9%
Operating profit-937¥ million
Ordinary income-993¥ million
Net income attributable to owners of the parent-681¥ 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-¥55.17
Financial position at period-end
Total assets46,810¥ million
of which net assets 16,162 ¥ millionEquity ratio 34.5%vs. prior year-end -1.1pt
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 revenue
Housing Business3,670,02658.0%+92.0%
Condominium Business1,372,95521.7%+26.2%
Other1,283,98620.3%+103.6%
Segment profit
Housing Business-440,147+36.0%
Condominium Business-220,991+974.0%
Other-17,081+22.0%
Regional sales
Kanto1,121,42318.0%
Chubu1,506,62724.2%
Kinki1,738,01928.0%
Kyushu343,0935.5%
Other (outside classification)1,505,82024.2%
Outlook and shareholder returns
Full-year earnings forecast
Net Sales¥58,000 million (YoY +14.8%)
Operating profit¥2,300 million (YoY +5.5%)
Ordinary income¥2,000 million (YoY +0.9%)
Net income¥1,400 million (YoY -0.2%)
Revision to Earnings ForecastNo
Annual Dividend Forecast¥25 → ¥25（0.0%）
Factors Behind Changes in Business Performance
For the housing and condominium businesses, revenue recognition is concentrated in Q2 and Q4 due to the timing of handovers and other factors. In the same quarter of the previous year, the company handed over newly completed condominium properties for the first time in six years, but there were no handovers of newly completed properties in the current period, and handovers are expected to be concentrated in Q4.
Disclosure regarding the going concern assumption
No applicable matters.
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 / Excluded 0 / Company name No applicable matters
Impairment lossNo applicable matters.
Breakdown of extraordinary income (loss)Extraordinary income Gain on sale of non-current assets ¥10,042 thousand / Extraordinary loss No applicable matters.
Depreciation and amortization¥35,720 thousand
Orders received and order backlogOrders received ¥12,741,214 thousand / Order backlog ¥26,476,703 thousand
Availability of Supplementary Financial Results MaterialsNo
Availability of Financial Results BriefingWhether applicable No / Subject person Not disclosed
Issued Shares at Period-End13,740,000 Shares
Treasury Shares at Period-End1,338,311 Shares
| Item | Details |
|---|---|
| Fiscal Period Classification | First quarter |
| Accounting standards | Japanese GAAP |
| Consolidated / non-consolidated | Consolidated |
| Period Covered | 1 April 2026 to 30 June 2026 |
| Net Sales | ¥6,326 million (YoY -39.6%) |
| Operating profit | ¥-937 million |
| Ordinary income | ¥-993 million |
| Profit attributable to owners of the parent | ¥-681 million |
| Net income per share | -¥55.17 |
| Equity ratio | End of the current fiscal period 34.5 / End of previous period 35.6 |
| Total assets | ¥46,810 million |
| Net assets | ¥16,162 million |
| Full-year earnings forecast | Net Sales ¥58,000 million (YoY +14.8%) / Operating profit ¥2,300 million (YoY +5.5%) / Ordinary income ¥2,000 million (YoY +0.9%) / Net income ¥1,400 million (YoY -0.2%) |
| Revision to Earnings Forecast | No |
| Annual Dividend Forecast | ¥25 → ¥25（0.0%） |
| Segment revenue | Segment Housing Business / Net Sales ¥3,670,026 thousand / Year on year against the same period last year 92.0% / Change Rate 8.0% decrease, Segment Condominium Business / Net Sales ¥1,372,955 thousand / Year on year against the same period last year 26.2% / Change Rate 73.8% decrease, Segment Other / Net Sales ¥1,283,986 thousand / Year on year against the same period last year 103.6% / Change Rate 3.6% increase |
| Segment profit | Segment Housing Business / Segment profit ¥-440,147 thousand / Year on year against the same period last year ¥36 million deterioration, Segment Condominium Business / Segment profit ¥-220,991 thousand / Year on year against the same period last year ¥974 million deterioration, Segment Other / Segment profit ¥-17,081 thousand / Year on year against the same period last year ¥22 million deterioration |
| Regional sales | Region Kanto / Net Sales ¥1,121,423 thousand, Region Chubu / Net Sales ¥1,506,627 thousand, Region Kinki / Net Sales ¥1,738,019 thousand, Region Kyushu / Net Sales ¥343,093 thousand, Region Other (outside classification) / Net Sales ¥1,505,820 thousand |
| Orders received and order backlog | Orders received ¥12,741,214 thousand / Order backlog ¥26,476,703 thousand |
| Depreciation and amortization | ¥35,720 thousand |
| Impairment loss | No applicable matters. |
| Breakdown of extraordinary income (loss) | Extraordinary income Gain on sale of non-current assets ¥10,042 thousand / Extraordinary loss No applicable matters. |
| Disclosure regarding the going concern assumption | No applicable matters. |
| 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 / Excluded 0 / Company name No applicable matters |
| Availability of Supplementary Financial Results Materials | No |
| Availability of Financial Results Briefing | Whether applicable No / Subject person Not disclosed |
| Issued Shares at Period-End | 13,740,000 Shares |
| Treasury Shares at Period-End | 1,338,311 Shares |
| Factors Behind Changes in Business Performance | For the housing and condominium businesses, revenue recognition is concentrated in Q2 and Q4 due to the timing of handovers and other factors. In the same quarter of the previous year, the company handed over newly completed condominium properties for the first time in six years, but there were no handovers of newly completed properties in the current period, and handovers are expected to be concentrated in Q4. |
Items this document does not state (8)
Operating MarginCash flows from operating activitiesCash flows from investing activitiesCash flows from financing activitiesCash and cash equivalents at end of periodPayout ratioShareholder Return PolicyMaterial 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.For the housing and condominium businesses, revenue recognition is concentrated in Q2 and Q4 due to the timing of handovers and other factors. In the same quarter of the previous year, the company handed over newly completed condominium properties for the first time in six years, but there were no handovers of newly completed properties in the current period, and handovers are expected to be concentrated in Q4.
How to read this page
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