Worth reading
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Displayed only when the document provides numerical figures.Wording
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How definitive the wording is.Contents of this document
Summary of Q&AFirst quarter of the fiscal year ending December 20264 items taken from the company’s own explanation
What the company explained in this material
Key points of the Q&AKey questions raised by investors at the briefing and the company's answers
- The first quarter's outperformance was driven mainly by cost control and lower-than-expected costs, rather than by higher selling prices
- No delays in construction schedules or cost increases due to the situation in the Middle East have been identified at this point, but the company will continue to monitor developments
- There is currently no impact from falling condominium prices in urban areas because the company has very little condominium-unit sales exposure
- Many investors in development-oriented SPCs are operating companies that regard real estate as non-core, and their investment appetite remains healthy
- The timing of property sales will be adjusted within the full fiscal year based on appropriate pricing and asset balance, rather than quarterly figures
- Rents for existing properties are continuing to rise at roughly the same pace as last fiscal year and remain firm at this point
Breakdown of Factors Affecting the ChangeReasons cited by the Company for the change in the figures.
Selling prices were slightly higher than expected, while lower-than-expected costs increased gross profit. Amount: Not disclosed
Assumptions Underlying the Business OutlookThe assumptions used by the company in preparing its forecast.
The company is monitoring rising interest rates and the supply situation for materials, but numerical assumptions are Not disclosedNew initiatives
The company plans to increase the frequency of interviews with sales destinations| Item | Details |
|---|---|
| Document type | Summary of Q&A |
| Fiscal Period Covered | First quarter of the fiscal year ending December 2026 |
| Breakdown of Factors Affecting the Change | Selling prices were slightly higher than expected, while lower-than-expected costs increased gross profit. Amount: Not disclosed |
| Assumptions Underlying the Business Outlook | The company is monitoring rising interest rates and the supply situation for materials, but numerical assumptions are Not disclosed |
| Key points of the Q&A | The first quarter's outperformance was driven mainly by cost control and lower-than-expected costs, rather than by higher selling prices, No delays in construction schedules or cost increases due to the situation in the Middle East have been identified at this point, but the company will continue to monitor developments, There is currently no impact from falling condominium prices in urban areas because the company has very little condominium-unit sales exposure, Many investors in development-oriented SPCs are operating companies that regard real estate as non-core, and their investment appetite remains healthy, The timing of property sales will be adjusted within the full fiscal year based on appropriate pricing and asset balance, rather than quarterly figures, Rents for existing properties are continuing to rise at roughly the same pace as last fiscal year and remain firm at this point |
| New initiatives | The company plans to increase the frequency of interviews with sales destinations |
Items this document does not state (25)
Net SalesOperating profitOrdinary incomeNet incomeGross Profit MarginOperating profit marginSelling, general and administrative expensesResults for the three months of the current quarterFull-year earnings forecastProgress against full-year forecastSelf-assessment against the planSegment resultsKey KPIsUnit price and quantity metricsNumber of stores and locationsNumber of employeesRisk amount incorporated into the outlookMedium-term management plan targetsFinancial targetsAnnual DividendPayout ratioAcquisition of treasury sharesCapital expendituresOrders received and order backlogMarket Size / Share
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.An archived video and a transcript of the Q&A session were released to inform investors about the results briefing. During the Q&A, the company explained that the first quarter's outperformance against plan was driven mainly by lower-than-expected costs and cost control, rather than by higher selling prices.
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.