Worth reading
56In focus
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
15.3
% (year-on-year decrease in revenue)Wording
Conditional
How definitive the wording is.Results for this period
Full year1 May 2025 to 30 April 2026ConsolidatedJapanese GAAPNet Sales29,618¥ millionYear on year -15.3%Progress 84.8%
Operating profit2,380¥ millionYear on year +1.9%Progress 90.2%
Ordinary income2,152¥ millionYear on year +4.6%Progress 92.4%
Net income attributable to owners of the parent1,340¥ millionYear on year +18.1%Progress 97.8%
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¥33.51
Operating Margin8.0％
Financial position at period-end
Total assets44,354¥ million
of which net assets 22,966 ¥ millionEquity ratio 51.4%vs. prior year-end +0.3pt
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.
Cash inflows and outflows
Operating+1,252
Investment-908
Financials+582
Net change+926
Stacked from zero: upward is an increase in cash, downward a decrease (in ¥ million).The net change represented by the dotted line is the total of three items, calculated from figures provided by the company.
Cash and cash equivalents at end of period¥6,980 million
Segment revenueHousing Business ¥25,316 million (YoY -18.0%), Hotel Business ¥4,144 million (YoY +5.3%), Other Businesses ¥158 million (YoY +2.8%)
Segment profitHousing Business ¥3,331 million (YoY -5.1%), Hotel Business ¥-373 million, Other Businesses ¥122 million (YoY +3.4%)
Outlook and shareholder returns
Full-year earnings forecast
Net Sales¥34,940 million (YoY +18.0%)
Operating profit¥2,640 million (YoY +10.9%)
Ordinary income¥2,330 million (YoY +8.3%)
Net income¥1,370 million (YoY +2.2%)
Annual Dividend Forecast¥11 per share → ¥12 per share（+9.1%）
Payout ratio35.8％
Shareholder Return PolicyA consolidated payout ratio of around 30% as a guideline
Factors Behind Changes in Business Performance
The Housing business reported decreases in net sales and operating income due mainly to a decrease in the order backlog at the beginning of the fiscal year. The Hotel business reported higher net sales and a reduced operating loss, mainly due to improved room occupancy. The Other businesses reported higher net sales and operating income.
Disclosure regarding the going concern assumption
Not applicable (no matters to report in the notes on the going concern assumption)
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 Not disclosed
Material subsequent eventsNo applicable matters.
Impairment lossNone recorded for the fiscal year (impairment loss on the consolidated statement of income is shown as “—”)
Breakdown of extraordinary income (loss)Extraordinary income Gain on sale of non-current assets ¥3 million / Extraordinary loss Loss on sale of fixed assets ¥4 million, Loss on Disposal of Fixed Assets ¥17 million, Other extraordinary losses ¥0 million
Depreciation and amortization¥1,515 million
Orders received and order backlogOrders received ¥26,362 million (YoY +3.2%) / Order backlog Not disclosed
Availability of Supplementary Financial Results MaterialsYes
Availability of Financial Results BriefingWhether applicable Yes / Subject person For institutional investors and analysts
Issued Shares at Period-End40,000,000 Shares
Treasury Shares at Period-End1,810 Shares
| Item | Details |
|---|---|
| Fiscal Period Classification | Full year |
| Accounting standards | Japanese GAAP |
| Consolidated / non-consolidated | Consolidated |
| Period Covered | 1 May 2025 to 30 April 2026 |
| Net Sales | ¥29,618 million (YoY -15.3%) |
| Operating profit | ¥2,380 million (YoY +1.9%) |
| Ordinary income | ¥2,152 million (YoY +4.6%) |
| Profit attributable to owners of the parent | ¥1,340 million (YoY +18.1%) |
| Net income per share | ¥33.51 |
| Operating Margin | 8.0％ |
| Equity ratio | End of the current fiscal period 51.4％ / End of previous period 51.1％ |
| Total assets | ¥44,354 million |
| Net assets | ¥22,966 million |
| Cash flows from operating activities | ¥1,252 million |
| Cash flows from investing activities | ¥-908 million |
| Cash flows from financing activities | ¥582 million |
| Cash and cash equivalents at end of period | ¥6,980 million |
| Full-year earnings forecast | Net Sales ¥34,940 million (YoY +18.0%) / Operating profit ¥2,640 million (YoY +10.9%) / Ordinary income ¥2,330 million (YoY +8.3%) / Net income ¥1,370 million (YoY +2.2%) |
| Annual Dividend Forecast | ¥11 per share → ¥12 per share（+9.1%） |
| Payout ratio | 35.8％ |
| Shareholder Return Policy | A consolidated payout ratio of around 30% as a guideline |
| Segment revenue | Housing Business ¥25,316 million (YoY -18.0%), Hotel Business ¥4,144 million (YoY +5.3%), Other Businesses ¥158 million (YoY +2.8%) |
| Segment profit | Housing Business ¥3,331 million (YoY -5.1%), Hotel Business ¥-373 million, Other Businesses ¥122 million (YoY +3.4%) |
| Orders received and order backlog | Orders received ¥26,362 million (YoY +3.2%) / Order backlog Not disclosed |
| Depreciation and amortization | ¥1,515 million |
| Impairment loss | None recorded for the fiscal year (impairment loss on the consolidated statement of income is shown as “—”) |
| Breakdown of extraordinary income (loss) | Extraordinary income Gain on sale of non-current assets ¥3 million / Extraordinary loss Loss on sale of fixed assets ¥4 million, Loss on Disposal of Fixed Assets ¥17 million, Other extraordinary losses ¥0 million |
| Disclosure regarding the going concern assumption | Not applicable (no matters to report in the notes on the going concern assumption) |
| 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 Not disclosed |
| Material subsequent events | No applicable matters. |
| Availability of Supplementary Financial Results Materials | Yes |
| Availability of Financial Results Briefing | Whether applicable Yes / Subject person For institutional investors and analysts |
| Issued Shares at Period-End | 40,000,000 Shares |
| Treasury Shares at Period-End | 1,810 Shares |
| Factors Behind Changes in Business Performance | The Housing business reported decreases in net sales and operating income due mainly to a decrease in the order backlog at the beginning of the fiscal year. The Hotel business reported higher net sales and a reduced operating loss, mainly due to improved room occupancy. The Other businesses reported higher net sales and operating income. |
Items this document does not state (2)
Revision to Earnings ForecastRegional sales
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 Housing business reported lower net sales and operating income due mainly to a decrease in the order backlog at the beginning of the fiscal year, while the Hotel business reported higher net sales and a reduction in its operating loss, mainly due to improved room occupancy. The Other businesses reported higher net sales and operating income.
How to read this page
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