Worth reading
49Recurring
Scored from 5 of 6 sectionsDirection
Improvement
Direction inferred from the company’s description.Scale
87
Year-on-year revenue growth (%)Wording
Conditional
How definitive the wording is.Results for this period
First quarter1 January 2026–31 March 2026ConsolidatedJapanese GAAPNet Sales10,140¥ millionYear on year +87.0%Progress 18.3%
Operating profit1,288¥ millionYear on year +51.2%Progress 16.9%
Ordinary income998¥ millionYear on year +51.3%Progress 15.0%
Net income attributable to owners of the parent616¥ millionYear on year +20.6%Progress 14.7%
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¥79.88
Financial position at period-end
Total assets76,514¥ million
of which net assets 17,460 ¥ millionEquity ratio 22.8%vs. prior year-end -3.3pt
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.
Outlook and shareholder returns
Full-year earnings forecast
Net Sales¥55,400 million (YoY +49.4%)
Operating profit¥7,600 million (YoY +26.1%)
Ordinary income¥6,670 million (YoY +30.2%)
Net income¥4,200 million (YoY +21.2%)
Annual Dividend Forecast¥78 → ¥94（+20.5%）
Factors Behind Changes in Business Performance
The company developed properties, primarily residences for which demand remains firm, and invested ¥21,430 million in real estate for sale.
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 1 / Company name Silent partnership with 合同会社ＲＣ１号 as its operator
Material subsequent eventsNo applicable matters.
Breakdown of extraordinary income (loss)Current fiscal year Extraordinary income No recognition / Extraordinary loss No recognition / Prior-year period Extraordinary income Gain on negative goodwill ¥59 million / Extraordinary loss No recognition
Depreciation and amortization¥83 million
Availability of Supplementary Financial Results MaterialsYes
Availability of Financial Results BriefingHeld (対象者：Not disclosed)
Issued Shares at Period-End7,716,600 shares
Treasury Shares at Period-End0 shares
| Item | Details |
|---|---|
| Fiscal Period Classification | First quarter |
| Accounting standards | Japanese GAAP |
| Consolidated / non-consolidated | Consolidated |
| Period Covered | 1 January 2026–31 March 2026 |
| Net Sales | ¥10,140 million (YoY +87.0%) |
| Operating profit | ¥1,288 million (YoY +51.2%) |
| Ordinary income | ¥998 million (YoY +51.3%) |
| Profit attributable to owners of the parent | ¥616 million (YoY +20.6%) |
| Net income per share | ¥79.88 |
| Equity ratio | End of the current fiscal period 22.8 / End of previous period 26.1 |
| Total assets | ¥76,514 million |
| Net assets | ¥17,460 million |
| Full-year earnings forecast | Net Sales ¥55,400 million (YoY +49.4%) / Operating profit ¥7,600 million (YoY +26.1%) / Ordinary income ¥6,670 million (YoY +30.2%) / Net income ¥4,200 million (YoY +21.2%) |
| Annual Dividend Forecast | ¥78 → ¥94（+20.5%） |
| Depreciation and amortization | ¥83 million |
| Breakdown of extraordinary income (loss) | Current fiscal year Extraordinary income No recognition / Extraordinary loss No recognition / Prior-year period Extraordinary income Gain on negative goodwill ¥59 million / Extraordinary loss No recognition |
| 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 1 / Company name Silent partnership with 合同会社ＲＣ１号 as its operator |
| Material subsequent events | No applicable matters. |
| Availability of Supplementary Financial Results Materials | Yes |
| Availability of Financial Results Briefing | Held (対象者：Not disclosed) |
| Issued Shares at Period-End | 7,716,600 shares |
| Treasury Shares at Period-End | 0 shares |
| Factors Behind Changes in Business Performance | The company developed properties, primarily residences for which demand remains firm, and invested ¥21,430 million in real estate for sale. |
Items this document does not state (13)
Operating MarginCash flows from operating activitiesCash flows from investing activitiesCash flows from financing activitiesCash and cash equivalents at end of periodRevision to Earnings ForecastPayout ratioShareholder Return PolicySegment revenueSegment profitRegional salesOrders received and order backlogImpairment loss
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 explained that it invested ¥21,430 million in real estate for sale, focusing on the development of residences for which demand remains firm, including properties scheduled for sale during the current fiscal year. It also stated that inbound demand has expanded and that investment appetite among domestic and overseas investors for Japanese real estate has remained solid.
How to read this page
This is not the documentKomori reads the disclosure the company filed and writes this summary. Figures are as stated by the company and are not audited.
Weight is not a verdictIt measures how much this changes what the company had already told the market. It is not a view on the shares.
Corrections happenIf the company reissues this disclosure, the page is rebuilt from the corrected version and the revision number moves up.