Worth reading
57In focus
Scored from 5 of 6 sectionsDirection
Mixed performance
Direction inferred from the company’s description.Scale
0.2
Year-on-year decline in the ordinary profit margin (percentage points)Wording
Conditional
How definitive the wording is.Contents of this document
Summary of Q&ASecond quarter (interim period) of the fiscal year ending September 20269 items taken from the company’s own explanation
Financial Results Figures (The key points of this material are explained below)
Gross Profit Margin19.2 % second quarter
Results for the three months of the current quarterGross profit margin: 19.2% (second quarter)
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。The number of companies adopting ZISEDAI LAND is progressing steadily toward the full-year KPI of 360 companies (the numerical progress rate is undisclosed)
What the company explained in this material
Self-assessment against the planThe company's self-assessment against its own plan.
The gross profit margin came in slightly above the initial budgetKey points of the Q&AKey questions raised by investors at the briefing and the company's answers
- Purchasing policy, inventory turnover, profit margins and financial soundness: balance the business portfolio by increasing the allocation to the refining business
- Gross profit margin and ordinary profit margin: sales restraint, shareholder benefit expenses and interest expenses were the factors
- Selling prices and future profitability: properties will be sold at appropriate prices without price reductions; the company is not concerned about the impact of soaring material costs on completed and under-construction properties
- Inventories: although at a record high, there are no stagnant properties, and the company is selling them at appropriate prices
- AI Dynamics: aims to expand ARR through ZISEDAI TOUCH&PLAN, matching functionality and a rent appraisal option
- Capital policy: will maintain an equity ratio KPI of 30% and is not considering a capital increase at present
Breakdown of Factors Affecting the ChangeReasons cited by the Company for the change in the figures.
Factors behind the decline in the ordinary profit margin: higher shareholder benefit expenses and interest expenses
New initiatives
- Increase the allocation to the refining business
- Reform the organization and personnel allocation of the same business
- Develop a matching function for internal demand for ZISEDAI LAND
- Develop an AI-powered rent appraisal option
Key KPIsA metric the company considers important as a management benchmark.
- Full-year KPI for the number of companies adopting ZISEDAI LAND360 companies
- Equity ratio KPI30 %
- Equity ratio29.9 %Year on year against the same period last yearDown
Unit price and quantity metricsThese figures show sales broken down by price and volume.
ZISEDAI LAND offers a ¥100,000-per-company pricing plan, while ZISEDAI TOUCH&PLAN is charged per accountMedium-term management plan targets
Long-term vision: revenue of ¥200 billion; target year: 2033Financial targets
Equity ratio KPI: 30%; actual: 29.9%Number of employees
Initiated reforms to the organization and personnel allocation (the number of employees is undisclosed)| Item | Details |
|---|---|
| Document type | Summary of Q&A |
| Fiscal Period Covered | Second quarter (interim period) of the fiscal year ending September 2026 |
| Gross Profit Margin | 19.2 % (second quarter) |
| Results for the three months of the current quarter | Gross profit margin: 19.2% (second quarter) |
| Progress against full-year forecast | The number of companies adopting ZISEDAI LAND is progressing steadily toward the full-year KPI of 360 companies (the numerical progress rate is undisclosed) |
| Self-assessment against the plan | The gross profit margin came in slightly above the initial budget |
| Breakdown of Factors Affecting the Change | Factors behind the decline in the ordinary profit margin: higher shareholder benefit expenses and interest expenses |
| Key KPIs | Indicator name Full-year KPI for the number of companies adopting ZISEDAI LAND / Value 360 companies / Year on year against the same period last year Not disclosed, Indicator name Equity ratio KPI / Value 30 % / Year on year against the same period last year Not disclosed, Indicator name Equity ratio / Value 29.9 % / Year on year against the same period last year Down |
| Unit price and quantity metrics | ZISEDAI LAND offers a ¥100,000-per-company pricing plan, while ZISEDAI TOUCH&PLAN is charged per account |
| Number of employees | Initiated reforms to the organization and personnel allocation (the number of employees is undisclosed) |
| Medium-term management plan targets | Long-term vision: revenue of ¥200 billion; target year: 2033 |
| Financial targets | Equity ratio KPI: 30%; actual: 29.9% |
| Key points of the Q&A | Purchasing policy, inventory turnover, profit margins and financial soundness: balance the business portfolio by increasing the allocation to the refining business, Gross profit margin and ordinary profit margin: sales restraint, shareholder benefit expenses and interest expenses were the factors, Selling prices and future profitability: properties will be sold at appropriate prices without price reductions; the company is not concerned about the impact of soaring material costs on completed and under-construction properties, Inventories: although at a record high, there are no stagnant properties, and the company is selling them at appropriate prices, AI Dynamics: aims to expand ARR through ZISEDAI TOUCH&PLAN, matching functionality and a rent appraisal option, Capital policy: will maintain an equity ratio KPI of 30% and is not considering a capital increase at present |
| New initiatives | Increase the allocation to the refining business, Reform the organization and personnel allocation of the same business, Develop a matching function for internal demand for ZISEDAI LAND, Develop an AI-powered rent appraisal option |
Items this document does not state (17)
Net SalesOperating profitOrdinary incomeNet incomeOperating profit marginSelling, general and administrative expensesFull-year earnings forecastSegment resultsNumber of stores and locationsAssumptions Underlying the Business OutlookRisk amount incorporated into the outlookAnnual 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.The company cited shareholder benefit expenses, which were not incurred in the previous year, and higher interest expenses resulting from increased borrowings amid strong purchasing activity as factors behind the decline in the ordinary profit margin. The improvement in the gross profit margin was attributed to the decision to prioritize selling properties when their value could be maximized, with sales restrained in the first quarter.
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.