Revised forecast
Fiscal year ending July 2026 · Full yearPrevious forecast published 17 March 2026The bar length represents the relative magnitude of change, based on the item that changed the most in this document. The percentage change shown by the dotted line is calculated from the two reported figures because the company did not provide the rate.
Acquisitions and sales in the buy-and-resell business were delayed due to high real estate prices and intensified competition for acquisitions. Delays in starting construction caused by lengthier permit reviews and the deferral of the sales timing for speculative homes to the following fiscal year also occurred. In addition to lower revenue, higher costs in the renovation business and the recognition of impairment losses on goodwill and operating fixed assets at certain subsidiaries caused profit to fall below the forecast.
Impairment losses on goodwill and operating fixed assets at certain subsidiaries (amount not disclosed)
| Item | Details |
|---|---|
| Net Sales | ¥5,515 million → ¥5,376 million（-2.5%） |
| Operating profit | ¥-16 million → ¥-42 million |
| Ordinary income | ¥-23 million → ¥-51 million |
| Profit attributable to owners of the parent | ¥-91 million → ¥-139 million |
| Net income per share | -¥83.75 → -¥127.98 |
| Fiscal Period Covered | Fiscal year ending July 2026 |
| Period Covered | Full year |
| Publication date of previous forecast | 17 March 2026 |
| Previous-period results | Revenue of ¥5,279 million, operating profit of ¥72 million, ordinary profit of ¥69 million, net income attributable to owners of the parent of ¥202 million, and consolidated net income per share of ¥186.42 (fiscal year ended July 2025) |
| Reason for the revision | Acquisitions and sales in the buy-and-resell business were delayed due to high real estate prices and intensified competition for acquisitions. Delays in starting construction caused by lengthier permit reviews and the deferral of the sales timing for speculative homes to the following fiscal year also occurred. In addition to lower revenue, higher costs in the renovation business and the recognition of impairment losses on goodwill and operating fixed assets at certain subsidiaries caused profit to fall below the forecast. |
| Details and amount of extraordinary loss | Impairment losses on goodwill and operating fixed assets at certain subsidiaries (amount not disclosed) |
| Consolidated / non-consolidated | Consolidated |
Items this document does not state (1)
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.High real estate prices and intensified competition for acquisitions made it difficult to acquire suitable properties for the buy-and-resell business, delaying acquisitions and sales. Revenue also declined due to delays in starting construction caused by lengthier permit reviews and the deferral of the sales timing for speculative homes to the following fiscal year. In addition, a higher cost ratio in the renovation business and the recognition of impairment losses on goodwill and operating fixed assets at certain subsidiaries weighed on profit.