Komori
Financial results presentation211ACados CorporationConstruction and Materials

Supplementary materials for the second-quarter (interim) financial results for the fiscal year ending July 2026

For the six months ended the second quarter, net sales, operating income, ordinary income and interim net income were substantially below the year-earlier period due to lower construction revenue and changes in construction start dates. Meanwhile, the construction business's order backlog increased to the year-earlier level on large orders, and revenue from the real estate business edged up.

Worth reading
51Recurring
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
-1334
¥ million
Wording
Avoiding a definitive answer
How definitive the wording is.

Contents of this document

Financial results presentationSecond quarter (interim period) of the fiscal year ending July 202611 items taken from the company’s own explanation
Financial Results Figures (The key points of this material are explained below)
Net Sales¥2,413 million-35.6%
Operating profit¥139 million-69.6%
Ordinary income¥138 million-69.9%
Net income¥95 million-70.0%
Gross Profit Margin19.1 % and year-on-year percentage-point change
Selling, general and administrative expenses金額はNot disclosed。減少したことのみ記載
Full-year earnings forecast
Net Sales
¥7,800 million
Operating profit
¥990 million
Ordinary income
¥988 million
Net income for the current fiscal year
¥675 million
Progress against full-year forecast　通期の予想に対して、いまどこまで進んだかの割合です。
Net Sales30.9 %
Operating profit14.1 %
Ordinary income14 %
Net income for the current fiscal year14.2 %
What the company explained in this material
Breakdown of Factors Affecting the ChangeReasons cited by the Company for the change in the figures.
完成工事高の減少、完成工事原価の減少、不動産事業売上高の増加、不動産事業売上原価の増加、販売費及び一般管理費の減少。要因別金額はNot disclosed
New initiatives
  • 賃貸用不動産の新規取得と不動産中心の成長投資
  • Development of Kados Town
  • 福岡県・岡山県への支店設置
  • Expansion of hiring in the construction division
  • Expansion of information-gathering channels through business alliances with local real estate companies
Key KPIsA metric the company considers important as a management benchmark.
  • Equity ratio56 %
    Year on year against the same period last year前期末58.8%から上昇
  • Order backlog前年水準まで増加
    Year on year against the same period last yearIncreased
  • Number of completed projects7 Engagements
    Year on year against the same period last yearDecreased
  • Number of Kados Town development projects3 Engagements
  • ナショナルチェーン累計店舗数442/553
  • Percentage of stores operated by national chains79.9 %
Segment results
Construction
Net Sales
¥1,777 million-43.2%
Real Estate Business
Net Sales
¥635 million+2.5%
Financial targets
ROE target10% or higher
Actual ROE直近期15.6%
Actual equity ratio56.0%
Market Size / Share
ナショナルチェーン累計店舗数442/553店舗
Percentage of stores operated by national chains79.9%
Orders received and order backlog
受注残高は前年水準まで増加。金額はNot disclosed
Number of employees
Number of Employees92 people
Record date31 January 2026
Changes during the period and hiring plan工事部門の採用を増やす方針だが、人数・計画値はNot disclosed
Capital expenditures
4億円超
Annual Dividend
Annual¥180 per share
Payout ratio
30 %
Actual and forecast2026年7月期予想26.9%
Contents of this document
ItemDetails
Document typeFinancial results presentation
Fiscal Period CoveredSecond quarter (interim period) of the fiscal year ending July 2026
Net Sales¥2,413 million (YoY -35.6%)
Operating profit¥139 million (YoY -69.6%)
Ordinary income¥138 million (YoY -69.9%)
Net income¥95 million (YoY -70.0%)
Gross Profit Margin19.1 % and year-on-year percentage-point change
Selling, general and administrative expenses金額はNot disclosed。減少したことのみ記載
Full-year earnings forecastNet Sales ¥7,800 million / Operating profit ¥990 million / Ordinary income ¥988 million / Net income for the current fiscal year ¥675 million
Progress against full-year forecastNet Sales 30.9 % / Operating profit 14.1 % / Ordinary income 14 % / Net income for the current fiscal year 14.2 %
Segment resultsConstruction Net Sales ¥1,777 million (YoY -43.2%) / Real Estate Business Net Sales ¥635 million (YoY +2.5%) / Profit Not disclosed
Breakdown of Factors Affecting the Change完成工事高の減少、完成工事原価の減少、不動産事業売上高の増加、不動産事業売上原価の増加、販売費及び一般管理費の減少。要因別金額はNot disclosed
Key KPIsIndicator name Equity ratio / Value 56 % / Year on year against the same period last year 前期末58.8%から上昇, Indicator name Order backlog / Value 前年水準まで増加 / Year on year against the same period last year Increased, Indicator name Number of completed projects / Value 7 Engagements / Year on year against the same period last year Decreased, Indicator name Number of Kados Town development projects / Value 3 Engagements / Year on year against the same period last year Not disclosed, Indicator name ナショナルチェーン累計店舗数 / Value 442/553 / Year on year against the same period last year Not disclosed, Indicator name Percentage of stores operated by national chains / Value 79.9 % / Year on year against the same period last year Not disclosed
Number of employeesNumber of Employees 92 people / Record date 31 January 2026 / Changes during the period and hiring plan 工事部門の採用を増やす方針だが、人数・計画値はNot disclosed
Financial targetsROE target 10% or higher / Actual ROE 直近期15.6% / Actual equity ratio 56.0%
Annual DividendAnnual ¥180 per share / Interim and Year-End Breakdown Not disclosed
Payout ratio30 %
Capital expenditures4億円超
Orders received and order backlog受注残高は前年水準まで増加。金額はNot disclosed
Market Size / Shareナショナルチェーン累計店舗数 442/553店舗 / Percentage of stores operated by national chains 79.9%
New initiatives賃貸用不動産の新規取得と不動産中心の成長投資, Development of Kados Town, 福岡県・岡山県への支店設置, Expansion of hiring in the construction division, Expansion of information-gathering channels through business alliances with local real estate companies
Items this document does not state (10)
Operating profit marginResults for the three months of the current quarterSelf-assessment against the planUnit price and quantity metricsNumber of stores and locationsAssumptions Underlying the Business OutlookRisk amount incorporated into the outlookMedium-term management plan targetsAcquisition of treasury sharesKey points of the Q&A

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の減少や工事着工時期の変更により工事売上高が減少した。不動産事業では賃貸用不動産の新規取得に伴う一時費用が増加し、建設事業の完成工事高の減少で固定費負担率も上昇した。

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.
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Supplementary materials for the second-quarter (interim) financial results for the fiscal year ending July 2026 | Cados Corporation (211A) timely disclosure | Komori