Results for this period
Interim period (second quarter)1 March 2026 to 31 August 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.
A decline in real estate sales revenue due to the reversal of the unusually high number of property sales by Ichigo Owners in the same period of the previous year, the reversal of the sale of investment interests in the Shinchiku business recorded in the same period of the previous year, certain costs associated with the completion of renovation work, and temporary shutdowns at certain power plants due to lightning strikes.
No applicable matters
| Item | Details |
|---|---|
| Fiscal Period Classification | Interim period (second quarter) |
| Accounting standards | Japanese GAAP |
| Consolidated / non-consolidated | Consolidated |
| Period Covered | 1 March 2026 to 31 August 2026 |
| Net Sales | ¥39,817 million (YoY -22.0%) |
| Operating profit | ¥10,621 million (YoY -5.7%) |
| Ordinary income | ¥8,952 million (YoY -1.0%) |
| Profit attributable to owners of the parent | ¥8,462 million (YoY -1.9%) |
| Net income per share | ¥21.47 |
| Equity ratio | End of the current fiscal period 25.7 / End of previous period 26.6 |
| Total assets | ¥445,648 million |
| Net assets | ¥115,393 million |
| Cash flows from operating activities | ¥-16,938 million |
| Cash flows from investing activities | ¥8,323 million |
| Cash flows from financing activities | ¥5,936 million |
| Cash and cash equivalents at end of period | ¥39,223 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 | A progressive dividend policy, generally maintaining the previous fiscal year's dividend or increasing it, with no dividend cuts. The DOE target has been raised from the previous target of 4% or more to 5% or more. Flexible share repurchases will also be conducted as a KPI. |
| Segment revenue | Asset Management ¥2,760 million (YoY +36.5%), Shinchiku ¥9,544 million (YoY -21.7%), Hotels ¥7,795 million (YoY +4.0%), Ichigo Owners ¥16,807 million (YoY -35.7%), Clean Energy ¥3,256 million (YoY -5.7%) |
| Segment profit | Asset Management ¥1,713 million (YoY +66.4%), Shinchiku ¥7,115 million (YoY +38.2%), Hotels ¥2,250 million (YoY -57.5%), Ichigo Owners ¥3,463 million (YoY +38.7%), Clean Energy ¥1,006 million (YoY -17.0%) |
| Depreciation and amortization | ¥2,535 million |
| Impairment loss | ¥0 million |
| Breakdown of extraordinary income (loss) | Extraordinary income Gain on sale of shares in an affiliated company ¥3,017 million, Gain on sale of non-current assets ¥1,887 million, Gain on sale of investment securities ¥0 million, Other ¥29 million / Extraordinary loss Provision for allowance for doubtful accounts ¥57 million, Loss on sale of fixed assets ¥14 million, Other ¥0 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 | New Number of companies 1 / Company name 合同会社HELIX匿名組合 / Excluded Number of companies 2 / Company name 株式会社セントロ, 合同会社カルぺ・ディエム匿名組合 |
| Availability of Supplementary Financial Results Materials | Yes |
| Availability of Financial Results Briefing | Whether applicable Yes / Subject person Institutional investors and securities analysts |
| Issued Shares at Period-End | 416,608,592 |
| Treasury Shares at Period-End | 24,622,426 |
| Factors Behind Changes in Business Performance | A decline in real estate sales revenue due to the reversal of the unusually high number of property sales by Ichigo Owners in the same period of the previous year, the reversal of the sale of investment interests in the Shinchiku business recorded in the same period of the previous year, certain costs associated with the completion of renovation work, and temporary shutdowns at certain power plants due to lightning strikes. |
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.Real estate sales revenue declined because the number of property sales by Ichigo Owners was unusually high in the same period of the previous year. Operating profit was affected by the reversal of gains from the sale of investment interests in the Shinchiku business recorded in the same period of the previous year, as well as the recognition of certain costs associated with the completion of renovation work. Business profit increased due to earnings contributions from newly acquired properties, NOI growth at existing properties, and progress in asset sales.