Worth reading
45Recurring
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
10.9
% (year-on-year change in revenue)Wording
Conditional
How definitive the wording is.Results for this period
Interim period (second quarter)1 November 2025 to 30 April 2026ConsolidatedJapanese GAAPNet Sales14,018¥ millionYear on year +10.9%Progress 40.1%
Operating profit-1,190¥ million
Ordinary income-1,150¥ million
Net income attributable to owners of the parent-896¥ million
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△¥34.76
Financial position at period-end
Total assets25,881¥ million
of which net assets 12,140 ¥ millionEquity ratio 46.9%vs. prior year-end -1.4pt
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.
Cash and cash equivalents at end of period¥2,852,739 thousand
Segment revenueHousing Business ¥9,656,426 thousand (total including intersegment transactions) (YoY +25.7%), Renovation Business ¥1,096,152 thousand (total including intersegment transactions) (YoY -17.0%), Real Estate Business ¥3,392,510 thousand (total including intersegment transactions) (YoY -7.4%), Rental Operations ¥228,349 thousand (total including intersegment transactions) (YoY -4.8%)
Segment profitHousing Business ¥-699,279 thousand, Renovation Business ¥-345,924 thousand, Real Estate Business ¥-47,152 thousand, Rental Operations ¥25,625 thousand (YoY -32.4%)
Outlook and shareholder returns
Full-year earnings forecast
Net Sales¥35,000 million (YoY +11.3%)
Operating profit¥400 million
Ordinary income¥400 million
Net income¥260 million
Annual Dividend Forecast¥10 → ¥10（0.0%）
Factors Behind Changes in Business Performance
Net sales increased mainly because a large non-residential property was recorded in the first quarter, while profit deteriorated due to a decline in deliveries of detached homes, the limited profit contribution of certain non-residential properties, a decrease in large-scale renovation properties, and the decline following the recording of a large development site in the previous fiscal year.
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 0 / Company name None
Impairment lossNo applicable matters.
Breakdown of extraordinary income (loss)Extraordinary income Gain on sale of non-current assets ¥50,431 thousand, Other ¥6,578 thousand / Extraordinary loss Other ¥5,445 thousand
Orders received and order backlogSegment Housing Business / Orders received ¥7,833,408 thousand / Order backlog ¥8,193,164 thousand, Segment Housing business (including non-residential properties and other projects) / Orders received ¥10,007,463 thousand / Order backlog ¥10,088,101 thousand, Segment Renovation Business / Orders received ¥1,349,928 thousand / Order backlog ¥875,505 thousand
Availability of Supplementary Financial Results MaterialsYes
Availability of Financial Results BriefingNo
Issued Shares at Period-End25,775,118 Shares
Treasury Shares at Period-End130 Shares
| Item | Details |
|---|---|
| Fiscal Period Classification | Interim period (second quarter) |
| Accounting standards | Japanese GAAP |
| Consolidated / non-consolidated | Consolidated |
| Period Covered | 1 November 2025 to 30 April 2026 |
| Net Sales | ¥14,018 million (YoY +10.9%) |
| Operating profit | ¥-1,190 million |
| Ordinary income | ¥-1,150 million |
| Profit attributable to owners of the parent | ¥-896 million |
| Net income per share | △¥34.76 |
| Equity ratio | End of the current fiscal period 46.9 / End of previous period 48.3 |
| Total assets | ¥25,881 million |
| Net assets | ¥12,140 million |
| Cash and cash equivalents at end of period | ¥2,852,739 thousand |
| Full-year earnings forecast | Net Sales ¥35,000 million (YoY +11.3%) / Operating profit ¥400 million / Ordinary income ¥400 million / Net income ¥260 million |
| Annual Dividend Forecast | ¥10 → ¥10（0.0%） |
| Segment revenue | Housing Business ¥9,656,426 thousand (total including intersegment transactions) (YoY +25.7%), Renovation Business ¥1,096,152 thousand (total including intersegment transactions) (YoY -17.0%), Real Estate Business ¥3,392,510 thousand (total including intersegment transactions) (YoY -7.4%), Rental Operations ¥228,349 thousand (total including intersegment transactions) (YoY -4.8%) |
| Segment profit | Housing Business ¥-699,279 thousand, Renovation Business ¥-345,924 thousand, Real Estate Business ¥-47,152 thousand, Rental Operations ¥25,625 thousand (YoY -32.4%) |
| Orders received and order backlog | Segment Housing Business / Orders received ¥7,833,408 thousand / Order backlog ¥8,193,164 thousand, Segment Housing business (including non-residential properties and other projects) / Orders received ¥10,007,463 thousand / Order backlog ¥10,088,101 thousand, Segment Renovation Business / Orders received ¥1,349,928 thousand / Order backlog ¥875,505 thousand |
| Impairment loss | No applicable matters. |
| Breakdown of extraordinary income (loss) | Extraordinary income Gain on sale of non-current assets ¥50,431 thousand, Other ¥6,578 thousand / Extraordinary loss Other ¥5,445 thousand |
| 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 0 / Company name None |
| Availability of Supplementary Financial Results Materials | Yes |
| Availability of Financial Results Briefing | No |
| Issued Shares at Period-End | 25,775,118 Shares |
| Treasury Shares at Period-End | 130 Shares |
| Factors Behind Changes in Business Performance | Net sales increased mainly because a large non-residential property was recorded in the first quarter, while profit deteriorated due to a decline in deliveries of detached homes, the limited profit contribution of certain non-residential properties, a decrease in large-scale renovation properties, and the decline following the recording of a large development site in the previous fiscal year. |
Items this document does not state (10)
Operating MarginCash flows from operating activitiesCash flows from investing activitiesCash flows from financing activitiesRevision to Earnings ForecastPayout ratioShareholder Return PolicyRegional salesDepreciation and amortizationMaterial subsequent events
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.Net sales increased mainly because a large non-residential property was recorded in the first quarter. Meanwhile, the operating loss widened due to a decline in deliveries of detached homes, a lower gross profit margin resulting from the limited profit contribution of certain non-residential properties, a decrease in large-scale renovation properties, and the decline following the recording of a large development site in the previous fiscal year. The scope and extent of the impact of heightened tensions in the Middle East are considered difficult to estimate reasonably.
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.