Results for this period
Interim period (second quarter)1 September 2025–28 February 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 ¥ thousand).The net change represented by the dotted line is the total of three items, calculated from figures provided by the company.
Net sales and profit at each stage declined year on year because, whereas revenue recognition for the CRE solutions business, centered on balance sheet-based investment projects, was concentrated in the first half of the same period of the previous year, revenue recognition for these projects is expected to be concentrated in the second half of the current interim period.
Not applicable.
| Item | Details |
|---|---|
| Fiscal Period Classification | Interim period (second quarter) |
| Accounting standards | Japanese GAAP |
| Consolidated / non-consolidated | Consolidated |
| Period Covered | 1 September 2025–28 February 2026 |
| Net Sales | ¥909 million (YoY -45.1%) |
| Operating profit | ¥157 million (YoY -70.1%) |
| Ordinary income | ¥106 million (YoY -79.1%) |
| Profit attributable to owners of the parent | ¥72 million (YoY -79.2%) |
| Net income per share | ¥15.47 |
| Equity ratio | End of the current fiscal period 59.7 / End of previous period 55.2 |
| Total assets | ¥7,580 million |
| Net assets | ¥4,525 million |
| Cash flows from operating activities | ¥-855,030 thousand |
| Cash flows from investing activities | ¥-1,871,007 thousand |
| Cash flows from financing activities | ¥3,674,500 thousand |
| Cash and cash equivalents at end of period | ¥2,587,658 thousand |
| Full-year earnings forecast | Net Sales ¥7,000 million (YoY +174.0%) / Operating profit ¥1,100 million (YoY +79.4%) / Ordinary income ¥1,044 million (YoY +74.4%) / Profit attributable to owners of the parent ¥700 million (YoY +57.1%) |
| Revision to Earnings Forecast | Not disclosed → Net Sales 7,000 / Operating profit 1,100 / Ordinary income 1,044 / Profit attributable to owners of the parent 700 |
| Annual Dividend Forecast | ¥22 → ¥27（+22.7%） |
| Depreciation and amortization | ¥30,608 thousand |
| Breakdown of extraordinary income (loss) | Extraordinary income Item Gain on sale of non-current assets / Amount ¥1,080 thousand / Extraordinary loss Not disclosed |
| 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 |
| Changes in the scope of consolidation | New Number of companies 0 / Company name None / Excluded Number of companies 0 / Company name None |
| Material subsequent events | The Company borrowed ¥960 million from Shoko Chukin Bank on 25 March 2026 and ¥630 million from MUFG Bank on 19 March 2026 to fund the acquisition of real estate held for sale. |
| Availability of Supplementary Financial Results Materials | Yes |
| Availability of Financial Results Briefing | Available (for institutional investors, securities analysts and members of the press) |
| Issued Shares at Period-End | 5,098,660 |
| Treasury Shares at Period-End | 40,637 |
| Factors Behind Changes in Business Performance | Net sales and profit at each stage declined year on year because, whereas revenue recognition for the CRE solutions business, centered on balance sheet-based investment projects, was concentrated in the first half of the same period of the previous year, revenue recognition for these projects is expected to be concentrated in the second half of the current interim period. |
Items this document does not state (8)
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.In the same period of the previous year, revenue recognition for balance sheet-based investment projects was concentrated in the first half, whereas revenue recognition for these projects is expected to be concentrated in the second half of the current interim period, resulting in lower net sales and profits year on year. The full-year forecast was revised upward because, in response to the risk that projects could be shifted to a different period amid uncertainty surrounding global conditions and the financial environment, the capital recycling strategy for real estate held for sale was completed ahead of schedule, clarifying the earnings outlook through the securing of exit opportunities for balance sheet-based projects.