Komori
Earnings presentation materials1446CANDEAL Co.,Ltd.Construction and Materials

Supplementary Explanatory Materials for the Fiscal Year Ending September 2026

For the fiscal year ended September 2026, revenue and profit increased, with revenue and operating profit reaching record highs. Revenue was below the company's forecast, but operating profit, ordinary profit and net profit exceeded forecasts.

Worth reading
79Important
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
916
¥ million (year-on-year increase in net sales)
Wording
Conditional
How definitive the wording is.

Contents of this document

Earnings presentation materialsFiscal year ending September 202613 items taken from the company’s own explanation
Financial Results Figures (The key points of this material are explained below)
Net Sales¥14,777 million+6.6%
Operating profit¥485 million+15.5%
Ordinary income¥488 million+17.1%
Net income¥244 million+24.7%
Gross Profit Margin36.6 %
Operating profit margin3.3 %
Selling, general and administrative expenses¥4,917 million
Results for the three months of the current quarterQuarterly trends in revenue and operating profit from the first through fourth quarters of FY2026.9
Full-year earnings forecast
Net Sales
¥16,818 million
Operating profit
¥487 million
Ordinary income
¥436 million
Net income
¥191 million
Ordinary Profit Before Goodwill Amortization
¥628 million
Net income before goodwill amortization
¥383 million
ROE
6 %
Progress against full-year forecast　通期の予想に対して、いまどこまで進んだかの割合です。
Net Sales98.5
Operating profit101.2
Ordinary income106.2
Net income122.5
Net income before goodwill amortization111.4
Repair Services Revenue101.8
Revenue from Construction Services for Residential Environments96
Revenue from Construction Services for Commercial Environments98.6
Revenue from Merchandise Sales93.1
What the company explained in this material
Self-assessment against the planThe company's self-assessment against its own plan.
Revenue fell short of the earnings forecast, but operating profit and all subsequent profit figures came in above forecast.
Breakdown of Factors Affecting the ChangeReasons cited by the Company for the change in the figures.
  • Gross profit¥389 million
    DirectionIncreased
  • Selling, general and administrative expenses and personnel expenses¥188 million
    DirectionFactors reducing profit
  • Items other than selling, general and administrative expenses and personnel expenses¥136 million
    DirectionFactors reducing profit
  • Non-operating Income¥20 million
    DirectionIncreased
  • Non-Operating Expenses¥15 million
    DirectionFactors reducing profit
Assumptions Underlying the Business OutlookThe assumptions used by the company in preparing its forecast.
  • Number of new housing starts in fiscal 202775 Around 1 million units
  • Number of new housing starts in fiscal 203080 10,000 units
  • Number of new housing starts in fiscal 204061 10,000 units
  • 2040 renovation market size (narrow definition)¥8 trillion
New initiatives
  • Investment in human resources (recruitment and training, and improved compensation)
  • Systems investment to improve operational efficiency and strengthen security
  • Building and expanding a framework to monetize inspection and maintenance work in the existing housing stock market
  • Expansion of construction capacity, including in-house technicians, partner companies and franchisee stores
  • Pursue M&A and alliances
Key KPIsA metric the company considers important as a management benchmark.
  • Cumulative number of managed properties785,939 units
    Year on year against the same period last year112.5%
  • In-house technicians837 people
    Year on year against the same period last year100.0%
  • Partner companies1,580 companies
    Year on year against the same period last year104.6%
  • Average repair contract price for detached houses¥33,710
    Year on year against the same period last year104.4%
  • Number of repair contracts for detached houses107,803 cases
    Year on year against the same period last year98.0%
  • Per-person productivity in repairs for multi-unit housing¥30,613
    Year on year against the same period last year105.0%
  • Total person-days for repairs for multi-unit housing32,581 Person-days
    Year on year against the same period last year100.8%
  • Contract price for periodic inspections under building services for residential environments¥16,543
    Year on year against the same period last year104.4%
  • Number of periodic inspections conducted under building services for residential environments109,556 cases
    Year on year against the same period last year102.8%
Unit price and quantity metricsThese figures show sales broken down by price and volume.
Repair contract price and number of repair contracts; per-person productivity and total person-days for repairs for multi-unit housing; and periodic inspection contract price and number of inspections conducted under building services for residential environments
Segment results
Single segment. Revenue by service: repair services ¥4,631 million, 103.1% year on year; building services for residential environments ¥4,366 million, 105.3% year on year; building services for commercial environments ¥5,127 million, 112.7% year on year; sales of products and materials ¥651 million, 97.6% year on year. Profit by service: Not disclosed.
Medium-term management plan targets
Target fiscal yearFY2028.9
Net Sales
¥20,000 million
Range¥19,000 million–¥21,000 million
Comparison with actual resultsIllustrates actual revenue of ¥14,777 million for FY2026.9 and forecast revenue of ¥16,818 million for FY2027.9
Financial targets
ROE
FY2026.9 Actuals8 %
FY2027.9 Forecast6 %
Market Size / Share
2040 renovation market size (narrow definition): approximately ¥8 trillion
Market forecastApproximately 750,000 new housing starts in fiscal 2027, 800,000 in fiscal 2030 and 610,000 in fiscal 2040
Number of stores and locations
Number at period-end49 Location
Number of employees
Number of Employees1,243 people
NotesAs of September 2026, including consolidated and temporary employees. The company has 837 in-house technicians. The number of planned hires: Not disclosed.
Annual Dividend
FY2026.9
Annual¥10 per share
Interim¥0 per share
End of period¥10 per share
FY2027.9 Forecast
Annual¥10 per share
Interim¥0 per share
End of period¥10 per share
Contents of this document
ItemDetails
Document typeEarnings presentation materials
Fiscal Period CoveredFiscal year ending September 2026
Net Sales¥14,777 million (YoY +6.6%)
Operating profit¥485 million (YoY +15.5%)
Ordinary income¥488 million (YoY +17.1%)
Net income¥244 million (YoY +24.7%)
Gross Profit Margin36.6 %
Operating profit margin3.3 %
Selling, general and administrative expenses¥4,917 million
Results for the three months of the current quarterQuarterly trends in revenue and operating profit from the first through fourth quarters of FY2026.9
Full-year earnings forecastNet Sales ¥16,818 million / Operating profit ¥487 million / Ordinary income ¥436 million / Net income ¥191 million / Ordinary Profit Before Goodwill Amortization ¥628 million / Net income before goodwill amortization ¥383 million / ROE 6 %
Progress against full-year forecastNet Sales 98.5 / Operating profit 101.2 / Ordinary income 106.2 / Net income 122.5 / Net income before goodwill amortization 111.4 / Repair Services Revenue 101.8 / Revenue from Construction Services for Residential Environments 96 / Revenue from Construction Services for Commercial Environments 98.6 / Revenue from Merchandise Sales 93.1
Self-assessment against the planRevenue fell short of the earnings forecast, but operating profit and all subsequent profit figures came in above forecast.
Segment resultsSingle segment. Revenue by service: repair services ¥4,631 million, 103.1% year on year; building services for residential environments ¥4,366 million, 105.3% year on year; building services for commercial environments ¥5,127 million, 112.7% year on year; sales of products and materials ¥651 million, 97.6% year on year. Profit by service: Not disclosed.
Breakdown of Factors Affecting the ChangeFactors Gross profit / Amount ¥389 million / Direction Increased, Factors Selling, general and administrative expenses and personnel expenses / Amount ¥188 million / Direction Factors reducing profit, Factors Items other than selling, general and administrative expenses and personnel expenses / Amount ¥136 million / Direction Factors reducing profit, Factors Non-operating Income / Amount ¥20 million / Direction Increased, Factors Non-Operating Expenses / Amount ¥15 million / Direction Factors reducing profit
Key KPIsIndicator name Cumulative number of managed properties / Value 785,939 units / Year on year against the same period last year 112.5%, Indicator name In-house technicians / Value 837 people / Year on year against the same period last year 100.0%, Indicator name Partner companies / Value 1,580 companies / Year on year against the same period last year 104.6%, Indicator name Average repair contract price for detached houses / Value ¥33,710 / Year on year against the same period last year 104.4%, Indicator name Number of repair contracts for detached houses / Value 107,803 cases / Year on year against the same period last year 98.0%, Indicator name Per-person productivity in repairs for multi-unit housing / Value ¥30,613 / Year on year against the same period last year 105.0%, Indicator name Total person-days for repairs for multi-unit housing / Value 32,581 Person-days / Year on year against the same period last year 100.8%, Indicator name Contract price for periodic inspections under building services for residential environments / Value ¥16,543 / Year on year against the same period last year 104.4%, Indicator name Number of periodic inspections conducted under building services for residential environments / Value 109,556 cases / Year on year against the same period last year 102.8%
Unit price and quantity metricsRepair contract price and number of repair contracts; per-person productivity and total person-days for repairs for multi-unit housing; and periodic inspection contract price and number of inspections conducted under building services for residential environments
Number of stores and locationsNumber at period-end 49 Location / Number of store openings and closures during the period Not disclosed
Number of employeesNumber of Employees 1,243 people / Notes As of September 2026, including consolidated and temporary employees. The company has 837 in-house technicians. The number of planned hires: Not disclosed.
Assumptions Underlying the Business OutlookItem Number of new housing starts in fiscal 2027 / Value 75 Around 1 million units, Item Number of new housing starts in fiscal 2030 / Value 80 10,000 units, Item Number of new housing starts in fiscal 2040 / Value 61 10,000 units, Item 2040 renovation market size (narrow definition) / Value ¥8 trillion
Medium-term management plan targetsTarget fiscal year FY2028.9 / Net Sales ¥20,000 million / Range ¥19,000 million–¥21,000 million / Comparison with actual results Illustrates actual revenue of ¥14,777 million for FY2026.9 and forecast revenue of ¥16,818 million for FY2027.9
Financial targetsROE FY2026.9 Actuals 8 % / FY2027.9 Forecast 6 % / Other Not disclosed
Annual DividendFY2026.9 Annual ¥10 per share / Interim ¥0 per share / End of period ¥10 per share / FY2027.9 Forecast Annual ¥10 per share / Interim ¥0 per share / End of period ¥10 per share
Market Size / ShareMarket Size 2040 renovation market size (narrow definition): approximately ¥8 trillion / Market forecast Approximately 750,000 new housing starts in fiscal 2027, 800,000 in fiscal 2030 and 610,000 in fiscal 2040 / Share Not disclosed
New initiativesInvestment in human resources (recruitment and training, and improved compensation), Systems investment to improve operational efficiency and strengthen security, Building and expanding a framework to monetize inspection and maintenance work in the existing housing stock market, Expansion of construction capacity, including in-house technicians, partner companies and franchisee stores, Pursue M&A and alliances
Items this document does not state (6)
Risk amount incorporated into the outlookPayout ratioAcquisition of treasury sharesCapital expendituresOrders received and order backlogKey points of the Q&A

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.

Revenue remained firm across all services, particularly building services for residential environments and building services for commercial environments. On the profit side, gross profit increased due to strong sales of core services and price increases, absorbing higher selling, general and administrative expenses, including personnel costs from improved compensation, higher prices, increased sales activities, recruitment expenses, information security costs and the cost of relocating a subsidiary's office.

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