Results for this period
First quarter1 March 2026–31 May 2026ConsolidatedJapanese GAAPThe 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.
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.
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.
Although rental income increased, net sales declined due to the reversal of the previous year's real estate sales revenue and substantial performance fees from asset transfers. Operating income decreased due to the recognition of certain costs associated with the completion of renovation work, while business profit and net income attributable to owners of the parent increased due to gains on the sale of shares in affiliated companies and gains on the sale of fixed assets.
No applicable matters
| Item | Details |
|---|---|
| Fiscal Period Classification | First quarter |
| Accounting standards | Japanese GAAP |
| Consolidated / non-consolidated | Consolidated |
| Period Covered | 1 March 2026–31 May 2026 |
| Net Sales | ¥10,497 million (YoY -15.9%) |
| Operating profit | ¥2,587 million (YoY -25.4%) |
| Ordinary income | ¥1,448 million (YoY -37.8%) |
| Profit attributable to owners of the parent | ¥2,883 million (YoY +23.7%) |
| Net income per share | ¥7.28 |
| Equity ratio | End of the current fiscal period 24.4 / End of previous period 26.6 |
| Total assets | ¥445,099 million |
| Net assets | ¥109,054 million |
| Cash flows from operating activities | ¥-26,474 million |
| Cash flows from investing activities | ¥8,433 million |
| Cash flows from financing activities | ¥10,402 million |
| Cash and cash equivalents at end of period | ¥34,263 million |
| Full-year earnings forecast | Net Sales Not disclosed / Operating profit ¥20,600 million (YoY +0.7%) / Ordinary income ¥14,900 million (YoY -12.8%) / Net income ¥18,000 million (YoY +8.2%) |
| Annual Dividend Forecast | ¥11.5 → ¥15.5（+35.0%） |
| Payout ratio | 34.3 |
| Shareholder Return Policy | Progressive dividend policy (in principle, maintaining or increasing the dividend year on year and not reducing it), with a DOE target of 5% or higher |
| Segment revenue | Asset Management ¥846 million (YoY -25.7%), Shinchiku ¥3,719 million (YoY +8.7%), Hotels ¥3,892 million (YoY -1.5%), Ichigo Owners ¥582 million (YoY -76.8%), Clean Energy ¥1,649 million (YoY +3.4%) |
| Segment profit | Asset Management ¥309 million (YoY -50.9%), Shinchiku ¥4,815 million (YoY +144.4%), Hotels ¥1,212 million (YoY -22.8%), Ichigo Owners ¥-40 million (YoY -405.9%), Clean Energy ¥571 million (YoY +14.7%) |
| Depreciation and amortization | ¥1,255 million |
| Impairment loss | ¥0 million (none recognized in the current first quarter) |
| Breakdown of extraordinary income (loss) | Extraordinary income Gain on sale of non-current assets ¥1,228 million, Gain on sale of shares in an affiliated company ¥3,017 million, Other ¥18 million / Extraordinary loss Loss on Disposal of Fixed Assets ¥0 million, Loss on sale of fixed assets ¥14 million, Provision for allowance for doubtful accounts ¥57 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 | Added 1 company: 合同会社HELIX匿名組合. Removed 2 companies: 株式会社セントロ and 合同会社カルポ・ディエム匿名組合. |
| Availability of Supplementary Financial Results Materials | Yes |
| Availability of Financial Results Briefing | Yes (for institutional investors and securities analysts) |
| Issued Shares at Period-End | 416,596,792 shares |
| Treasury Shares at Period-End | 23,938,626 shares |
| Factors Behind Changes in Business Performance | Although rental income increased, net sales declined due to the reversal of the previous year's real estate sales revenue and substantial performance fees from asset transfers. Operating income decreased due to the recognition of certain costs associated with the completion of renovation work, while business profit and net income attributable to owners of the parent increased due to gains on the sale of shares in affiliated companies and gains on the sale of fixed assets. |
Items this document does not state (5)
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.Rental income increased, but net sales declined because the previous year included real estate sales revenue and substantial performance fees from asset management transactions. Operating income decreased due to the recognition of certain costs associated with the completion of renovation work, while business profit and net income increased as a result of gains on the sale of shares in a real estate-holding subsidiary and gains on the sale of fixed assets.