Worth reading
55In focus
0–100. This measures how worthwhile something is to read, not how good or bad the company is.Direction
Deterioration
Direction inferred from the company’s description.Scale
-69.6
Year-on-year change in operating income (%)Wording
Conditional
How definitive the wording is.Results for this period
Interim period (second quarter)1 August 2025 to 31 January 2026Non-consolidated (standalone)Japanese GAAPNet Sales2,413¥ millionYear on year -35.6%Progress 30.9%
Operating profit139¥ millionYear on year -69.6%Progress 14.0%
Ordinary income138¥ millionYear on year -69.9%Progress 14.0%
Net income attributable to owners of the parent95¥ millionYear on year -70.0%Progress 14.1%
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 share95.22円
Financial position at period-end
Total assets7,690¥ million
of which net assets 4,305 ¥ millionEquity ratio 56.0%vs. prior year-end +0.2pt
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+450,831
Investment-554,715
Financials-203,894
Net change-307,778
Stacked from zero: upward is an increase in cash, downward a decrease (in ¥ thousand).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¥702,047 thousand
Segment revenueConstruction ¥1,777,651 thousand (YoY -43.2%), Real Estate Business ¥635,730 thousand (YoY +2.5%)
Segment profitConstruction ¥-17,533 thousand, Real Estate Business ¥156,908 thousand (YoY -4.4%)
Outlook and shareholder returns
Full-year earnings forecast
Net Sales¥7,800 million (YoY +2.8%)
Operating profit¥990 million (YoY +5.6%)
Ordinary income¥988 million (YoY +5.4%)
Net income¥675 million (YoY +2.6%)
Annual Dividend Forecast¥150 → ¥180（+20.0%）
Factors Behind Changes in Business Performance
建設事業の期首受注残高が538百万円減少したこと、第3四半期以降への工事着工時期の変更、売上総利益率の低下により減収減益。不動産事業は新規取得した賃貸用不動産による賃貸収入が増加。
Disclosure regarding the going concern assumption
Not applicable.
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
Depreciation and amortization¥145,539 thousand
Orders received and order backlog2,463百万円（第3四半期への繰越工事高）
Availability of Supplementary Financial Results MaterialsYes
Availability of Financial Results BriefingNone (対象者：Not disclosed)
Issued Shares at Period-End1,012,500 shares
Treasury Shares at Period-End5,600 shares
| Item | Details |
|---|---|
| Fiscal Period Classification | Interim period (second quarter) |
| Accounting standards | Japanese GAAP |
| Consolidated / non-consolidated | Non-consolidated (standalone) |
| Period Covered | 1 August 2025 to 31 January 2026 |
| Net Sales | ¥2,413 million (YoY -35.6%) |
| Operating profit | ¥139 million (YoY -69.6%) |
| Ordinary income | ¥138 million (YoY -69.9%) |
| Profit attributable to owners of the parent | ¥95 million (YoY -70.0%) |
| Net income per share | 95.22円 |
| Equity ratio | End of the current fiscal period 56.0% / End of previous period 55.8% |
| Total assets | ¥7,690 million |
| Net assets | ¥4,305 million |
| Cash flows from operating activities | ¥450,831 thousand |
| Cash flows from investing activities | ¥-554,715 thousand |
| Cash flows from financing activities | ¥-203,894 thousand |
| Cash and cash equivalents at end of period | ¥702,047 thousand |
| Full-year earnings forecast | Net Sales ¥7,800 million (YoY +2.8%) / Operating profit ¥990 million (YoY +5.6%) / Ordinary income ¥988 million (YoY +5.4%) / Net income ¥675 million (YoY +2.6%) |
| Annual Dividend Forecast | ¥150 → ¥180（+20.0%） |
| Segment revenue | Construction ¥1,777,651 thousand (YoY -43.2%), Real Estate Business ¥635,730 thousand (YoY +2.5%) |
| Segment profit | Construction ¥-17,533 thousand, Real Estate Business ¥156,908 thousand (YoY -4.4%) |
| Orders received and order backlog | 2,463百万円（第3四半期への繰越工事高） |
| Depreciation and amortization | ¥145,539 thousand |
| Disclosure regarding the going concern assumption | Not applicable. |
| Change in accounting policy | Changes due to revisions to standards No / Other changes No / Change in accounting estimate No / Restatement No |
| Availability of Supplementary Financial Results Materials | Yes |
| Availability of Financial Results Briefing | None (対象者：Not disclosed) |
| Issued Shares at Period-End | 1,012,500 shares |
| Treasury Shares at Period-End | 5,600 shares |
| Factors Behind Changes in Business Performance | 建設事業の期首受注残高が538百万円減少したこと、第3四半期以降への工事着工時期の変更、売上総利益率の低下により減収減益。不動産事業は新規取得した賃貸用不動産による賃貸収入が増加。 |
Items this document does not state (9)
Operating MarginRevision to Earnings ForecastPayout ratioShareholder Return PolicyRegional salesImpairment lossBreakdown of extraordinary income (loss)Changes in the scope of consolidationMaterial 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.建設事業では、期首時点の受注残高が前期の期首比で538百万円減少したことや、第3四半期以降への工事着工時期の変更により売上高が減少した。売上総利益率も前年同期の21.0％から19.1％に低下した。一方、販売費及び一般管理費は322百万円と前年同期比1.7％減少した。不動産事業では、新規取得した賃貸用不動産により賃貸収入が増加した。
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.