Worth reading
48Recurring
0–100. This measures how worthwhile something is to read, not how good or bad the company is.Direction
Improvement
Direction inferred from the company’s description.Scale
26.2
% (year-on-year change in operating income)Wording
Conditional
How definitive the wording is.Results for this period
First quarter1 February 2026–30 April 2026ConsolidatedJapanese GAAPNet Sales908,878¥ millionYear on year +1.7%Progress 20.9%
Operating profit76,104¥ millionYear on year +26.2%Progress 21.7%
Ordinary income72,495¥ millionYear on year +54.9%Progress 23.1%
Net income attributable to owners of the parent58,479¥ millionYear on year +75.2%Progress 26.8%
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¥90.21
Operating Margin8.4%
Financial position at period-end
Total assets4,958,306¥ million
of which net assets 2,210,279 ¥ millionEquity ratio 43.6%vs. prior year-end +0.9pt
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.
Segment revenue
Detached Houses Business104,18811.4%-4.3%
Rental and commercial building business122,20513.3%+2.1%
Construction and civil engineering business73,4448.0%-4.9%
Rental housing management business185,13420.2%+3.1%
Renovation Business41,5384.5%+5.4%
Development Business168,31718.4%+36.5%
International Business220,63724.1%-14.4%
Segment profit
Detached Houses Business4,474-33.2%
Rental and commercial building business13,409+8.8%
Construction and civil engineering business6,427+16.3%
Rental housing management business22,225+13.0%
Renovation Business4,513+5.7%
Development Business34,651+157.9%
International Business-4,239
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%)
Net income¥218,000 million (YoY -6.1%)
Annual Dividend Forecast¥144 → ¥145
Factors Behind Changes in Business Performance
Deliveries in the condominium and urban redevelopment businesses progressed as planned, and sales of real estate for sale in the brokerage and real estate business also proceeded smoothly. The rental housing management business and others posted higher profits, but the International business was affected by a decline in the number of U.S. detached homes delivered and by the impact of incentive payments.
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 consolidation0 additions (company name: —), 0 exclusions (company name: —)
Breakdown of extraordinary income (loss)Gain on sale of investment securities ¥10,669 million, Loss on disposal and sale of non-current assets ¥204 million
Depreciation and amortization¥10,861 million
Orders received and order backlogOrders received ¥1,070,508 million (YoY -0.8%) / Order backlog ¥1,966,047 million
Availability of Supplementary Financial Results MaterialsYes
Availability of Financial Results BriefingWhether applicable Yes / Subject person Institutional investors and analysts
Issued Shares at Period-End651,422,166 Shares
Treasury Shares at Period-End3,183,957 Shares
| Item | Details |
|---|---|
| Fiscal Period Classification | First quarter |
| Accounting standards | Japanese GAAP |
| Consolidated / non-consolidated | Consolidated |
| Period Covered | 1 February 2026–30 April 2026 |
| Net Sales | ¥908,878 million (YoY +1.7%) |
| Operating profit | ¥76,104 million (YoY +26.2%) |
| Ordinary income | ¥72,495 million (YoY +54.9%) |
| Profit attributable to owners of the parent | ¥58,479 million (YoY +75.2%) |
| Net income per share | ¥90.21 |
| Operating Margin | 8.4% |
| Equity ratio | End of the current fiscal period 43.6% / End of previous period 42.7% |
| Total assets | ¥4,958,306 million |
| Net assets | ¥2,210,279 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%) / Net income ¥218,000 million (YoY -6.1%) |
| Annual Dividend Forecast | ¥144 → ¥145 |
| Segment revenue | Detached Houses Business ¥104,188 million (YoY -4.3%) / Rental and commercial building business ¥122,205 million (YoY +2.1%) / Construction and civil engineering business ¥73,444 million (YoY -4.9%) / Rental housing management business ¥185,134 million (YoY +3.1%) / Renovation Business ¥41,538 million (YoY +5.4%) / Development Business ¥168,317 million (YoY +36.5%) / International Business ¥220,637 million (YoY -14.4%) |
| Segment profit | Detached Houses Business ¥4,474 million (YoY -33.2%) / Rental and commercial building business ¥13,409 million (YoY +8.8%) / Construction and civil engineering business ¥6,427 million (YoY +16.3%) / Rental housing management business ¥22,225 million (YoY +13.0%) / Renovation Business ¥4,513 million (YoY +5.7%) / Development Business ¥34,651 million (YoY +157.9%) / International Business ¥-4,239 million |
| Orders received and order backlog | Orders received ¥1,070,508 million (YoY -0.8%) / Order backlog ¥1,966,047 million |
| Depreciation and amortization | ¥10,861 million |
| Breakdown of extraordinary income (loss) | Gain on sale of investment securities ¥10,669 million, Loss on disposal and sale of non-current assets ¥204 million |
| 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 | 0 additions (company name: —), 0 exclusions (company name: —) |
| Availability of Supplementary Financial Results Materials | Yes |
| Availability of Financial Results Briefing | Whether applicable Yes / Subject person Institutional investors and analysts |
| Issued Shares at Period-End | 651,422,166 Shares |
| Treasury Shares at Period-End | 3,183,957 Shares |
| Factors Behind Changes in Business Performance | Deliveries in the condominium and urban redevelopment businesses progressed as planned, and sales of real estate for sale in the brokerage and real estate business also proceeded smoothly. The rental housing management business and others posted higher profits, but the International business was affected by a decline in the number of U.S. detached homes delivered and by the impact of incentive payments. |
Items this document does not state (10)
Cash flows from operating activitiesCash flows from investing activitiesCash flows from financing activitiesCash and cash equivalents at end of periodRevision to Earnings ForecastPayout ratioShareholder Return PolicyRegional salesImpairment lossMaterial 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.Deliveries in the condominium and urban redevelopment businesses progressed as planned, while sales of real estate for sale in the brokerage and real estate business also proceeded smoothly. The rental housing management business and others posted higher profits, whereas the International business was affected by a decline in the number of detached homes delivered in the U.S. detached housing business and by the impact of incentive payments.
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.