Worth reading
50Recurring
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
3.4
% (year-on-year change in consolidated revenue)Wording
Avoiding a definitive answer
How definitive the wording is.Results for this period
Full year1 February 2025–31 January 2026ConsolidatedJapanese GAAPNet Sales4,197,922¥ millionYear on year +3.4%Progress 96.4%
Operating profit341,402¥ millionYear on year +3.0%Progress 97.5%
Ordinary income327,800¥ millionYear on year +8.7%Progress 104.4%
Net income attributable to owners of the parent232,095¥ millionYear on year +6.6%
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¥358.07
Operating Margin8.1%
Financial position at period-end
Total assets5,006,637¥ million
of which net assets 2,188,237 ¥ millionEquity ratio 42.7%vs. prior year-end +1.9pt
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+216,325
Investment-73,172
Financials-93,255
Net change+49,898
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¥434,925 million
Segment revenueDetached Houses Business ¥478,952 million (YoY -0.0%), Rental and commercial building business ¥564,813 million (YoY +3.6%), Construction and civil engineering business ¥302,293 million (YoY -7.0%), Rental housing management business ¥712,621 million (YoY +3.7%), Renovation Business ¥187,958 million (YoY +2.2%), Development business ¥681,989 million (YoY +17.1%), International Business ¥1,286,358 million (YoY +0.6%)
Segment profitDetached Houses Business ¥48,035 million (YoY +4.3%), Rental and commercial building business ¥87,826 million (YoY +7.4%), Construction and civil engineering business ¥22,049 million (YoY +44.9%), Rental housing management business ¥68,996 million (YoY +21.5%), Renovation Business ¥27,966 million (YoY +5.0%), Development business ¥94,970 million (YoY +35.1%), International Business ¥39,102 million (YoY -50.5%)
Outlook and shareholder returns
Full-year earnings forecast
Net Sales¥4,353,000 million (YoY +3.7%)
Operating profit¥350,000 million (YoY +2.5%)
Ordinary income¥314,000 million (YoY -4.2%)
Profit attributable to owners of the parent¥218,000 million (YoY -6.1%)
Annual Dividend Forecast¥144 → ¥145（+0.7%）
Payout ratio40.2%
Shareholder Return PolicySet the medium-term average dividend payout ratio at 40% or higher and the minimum annual dividend per share during the period of the Seventh Medium-Term Management Plan at ¥145.
Factors Behind Changes in Business Performance
In the urban redevelopment business, sales of multiple properties progressed ahead of plan. In the construction and civil engineering business, profitability improved due to progress on large-scale projects, the acquisition of additional and change orders, and the pass-through of costs into contract prices. In the international business, increased incentives resulting from US customers taking a wait-and-see approach and valuation losses on inventories weighed on profit.
Disclosure regarding the going concern assumption
No applicable matters
Change in accounting policy
基準改正に伴う変更 Yes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 consolidationAdded: 0 companies; excluded: 0 companies
Impairment lossNot applicable for the current fiscal year
Breakdown of extraordinary income (loss)Extraordinary income Gain on sale of investment securities ¥12,409 million / Extraordinary loss Loss on disposal and sale of non-current assets ¥1,473 million
Depreciation and amortization¥42,761 million
Orders received and order backlogOrders received ¥4,247,762 million / Order backlog ¥1,804,417 million
Availability of Supplementary Financial Results MaterialsYes
Availability of Financial Results BriefingAvailable (for institutional investors and analysts)
Issued Shares at Period-End663,122,166 Shares
Treasury Shares at Period-End14,884,740 Shares
| Item | Details |
|---|---|
| Fiscal Period Classification | Full year |
| Accounting standards | Japanese GAAP |
| Consolidated / non-consolidated | Consolidated |
| Period Covered | 1 February 2025–31 January 2026 |
| Net Sales | ¥4,197,922 million (YoY +3.4%) |
| Operating profit | ¥341,402 million (YoY +3.0%) |
| Ordinary income | ¥327,800 million (YoY +8.7%) |
| Profit attributable to owners of the parent | ¥232,095 million (YoY +6.6%) |
| Net income per share | ¥358.07 |
| Operating Margin | 8.1% |
| Equity ratio | End of the current fiscal period 42.7% / End of previous period 40.8% |
| Total assets | ¥5,006,637 million |
| Net assets | ¥2,188,237 million |
| Cash flows from operating activities | ¥216,325 million |
| Cash flows from investing activities | ¥-73,172 million |
| Cash flows from financing activities | ¥-93,255 million |
| Cash and cash equivalents at end of period | ¥434,925 million |
| Full-year earnings forecast | Net Sales ¥4,353,000 million (YoY +3.7%) / Operating profit ¥350,000 million (YoY +2.5%) / Ordinary income ¥314,000 million (YoY -4.2%) / Profit attributable to owners of the parent ¥218,000 million (YoY -6.1%) |
| Annual Dividend Forecast | ¥144 → ¥145（+0.7%） |
| Payout ratio | 40.2% |
| Shareholder Return Policy | Set the medium-term average dividend payout ratio at 40% or higher and the minimum annual dividend per share during the period of the Seventh Medium-Term Management Plan at ¥145. |
| Segment revenue | Detached Houses Business ¥478,952 million (YoY -0.0%), Rental and commercial building business ¥564,813 million (YoY +3.6%), Construction and civil engineering business ¥302,293 million (YoY -7.0%), Rental housing management business ¥712,621 million (YoY +3.7%), Renovation Business ¥187,958 million (YoY +2.2%), Development business ¥681,989 million (YoY +17.1%), International Business ¥1,286,358 million (YoY +0.6%) |
| Segment profit | Detached Houses Business ¥48,035 million (YoY +4.3%), Rental and commercial building business ¥87,826 million (YoY +7.4%), Construction and civil engineering business ¥22,049 million (YoY +44.9%), Rental housing management business ¥68,996 million (YoY +21.5%), Renovation Business ¥27,966 million (YoY +5.0%), Development business ¥94,970 million (YoY +35.1%), International Business ¥39,102 million (YoY -50.5%) |
| Orders received and order backlog | Orders received ¥4,247,762 million / Order backlog ¥1,804,417 million |
| Depreciation and amortization | ¥42,761 million |
| Impairment loss | Not applicable for the current fiscal year |
| Breakdown of extraordinary income (loss) | Extraordinary income Gain on sale of investment securities ¥12,409 million / Extraordinary loss Loss on disposal and sale of non-current assets ¥1,473 million |
| Disclosure regarding the going concern assumption | No applicable matters |
| Change in accounting policy | Changes due to revisions to standards Yes / Other changes No / Change in accounting estimate No / Restatement No |
| Changes in the scope of consolidation | Added: 0 companies; excluded: 0 companies |
| Availability of Supplementary Financial Results Materials | Yes |
| Availability of Financial Results Briefing | Available (for institutional investors and analysts) |
| Issued Shares at Period-End | 663,122,166 Shares |
| Treasury Shares at Period-End | 14,884,740 Shares |
| Factors Behind Changes in Business Performance | In the urban redevelopment business, sales of multiple properties progressed ahead of plan. In the construction and civil engineering business, profitability improved due to progress on large-scale projects, the acquisition of additional and change orders, and the pass-through of costs into contract prices. In the international business, increased incentives resulting from US customers taking a wait-and-see approach and valuation losses on inventories weighed on profit. |
Items this document does not state (3)
Revision to Earnings ForecastRegional salesMaterial 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.During the fiscal year, sales of multiple properties in the urban redevelopment business progressed ahead of plan. Profitability in the construction and civil engineering business improved due to progress on large-scale projects, additional and change orders, and the pass-through of costs into contract prices. Meanwhile, in the international business, increased incentives resulting from US customers taking a wait-and-see approach and valuation losses on inventories weighed on profit.
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.