Worth reading
63In focus
0–100. This measures how worthwhile something is to read, not how good or bad the company is.Direction
Mixed performance
Direction inferred from the company’s description.Scale
2300
¥ million (increase in full-year revenue forecast)Wording
Conditional
How definitive the wording is.Contents of this document
Financial results presentationFirst half of the fiscal year ending August 2026 (cumulative second quarter)11 items taken from the company’s own explanation
Financial Results Figures (The key points of this material are explained below)
Net Sales¥909 million-45.1%
Operating profit¥157 million-70.1%
Ordinary income¥106 million-79.1%
Net income¥72 million-79.2%
Selling, general and administrative expenses¥315 million
Operating profit margin17.4%, down 14.5 percentage points year on year
Results for the three months of the current quarter
Net Sales
¥178 million
Operating profit
¥-85 million
Net income
¥-67 million
Full-year earnings forecast
Net Sales
¥7,000 million
Operating profit
¥1,100 million
Net income for the current fiscal year
¥700 million
Dividend per share
¥27
What the company explained in this material
Self-assessment against the planThe company's self-assessment against its own plan.
Revenue, operating profit and net profit fell short of plan in the first half. The Company explained that it expects to achieve the revised full-year plan.Breakdown of Factors Affecting the ChangeReasons cited by the Company for the change in the figures.
Customers' delayed decision-making, the shift to the second half of projects expected to be recorded in the second quarter, the recording in the first half of the previous fiscal year of projects with high gross margins, and increases in personnel expenses, advertising expenses and depreciation expenses
Assumptions Underlying the Business OutlookThe assumptions used by the company in preparing its forecast.
- Quarterly project recognitionDetailsEstimates are based on the scheduled recognition months for projects in the current pipeline.
- Share of revenue from balance-sheet-based investmentsOriginal plan62%Current plan76%
- Operating marginOriginal plan23.4%Current plan15.7%
New initiatives
- Entered into a business partnership agreement with Kokopelli Inc. and established API integration between the BM Portal and CCReB MB
- Started development of a brainstorming function for CCReB AI utilizing generative AI
- Contracted development of a real estate tech system for JINUSHI Co.,Ltd.
- Promoting business digital transformation, introducing generative AI to all employees, and strengthening employee development
Key KPIsA metric the company considers important as a management benchmark.
- Number of information entries registered in the matching system8,180 EngagementsYear on year against the same period last year+19.1%
- Number of matching system usersYear on year against the same period last year+15.5%
- Number of companies using the real estate tech system6 companies
- Number of companies to which proposals have been made22 companies
- Number of companies in discussions3 companies
- Business pipeline670 Hundreds of millions of yen
- Number of pipeline projects32 Engagements
- Number of CCReB GATEWAY members3,500 People
Segment results
- CRE Solutions businessNet Sales¥811 million
- Real estate technology businessNet Sales¥97 million
Medium-term management plan targets
Target fiscal yearFiscal year ending August 2028
Net Sales
¥12,000 million
Operating profit
¥3,200 million
Net income for the current fiscal year
¥2,000 million
Financial targets
Net debt-to-equity ratio: targetApproximately 1.0x
Actual net debt-to-equity ratio0.05x at the end of February 2026 and 0.40x at the end of March 2026
Actual equity ratio59.7%
Market Size / Share
Compact CRE marketApproximately ¥60 trillion
Annual transaction valueApproximately ¥4 trillion
Number of employees
21 People
As of1 April 2026
Hiring planDouble the number of employees over the three years of the medium-term management plan. The hiring plan for the current fiscal year has already been achieved, and the Company plans to continue hiring outstanding personnel.
Annual Dividend
¥27 per share
| Item | Details |
|---|---|
| Document type | Financial results presentation |
| Fiscal Period Covered | First half of the fiscal year ending August 2026 (cumulative second quarter) |
| Net Sales | ¥909 million (YoY -45.1%) |
| Operating profit | ¥157 million (YoY -70.1%) |
| Ordinary income | ¥106 million (YoY -79.1%) |
| Net income | ¥72 million (YoY -79.2%) |
| Operating profit margin | 17.4%, down 14.5 percentage points year on year |
| Selling, general and administrative expenses | ¥315 million |
| Results for the three months of the current quarter | Net Sales ¥178 million / Operating profit ¥-85 million / Net income ¥-67 million |
| Full-year earnings forecast | Net Sales ¥7,000 million / Operating profit ¥1,100 million / Net income for the current fiscal year ¥700 million / Dividend per share ¥27 |
| Self-assessment against the plan | Revenue, operating profit and net profit fell short of plan in the first half. The Company explained that it expects to achieve the revised full-year plan. |
| Segment results | Segment CRE Solutions business / Net Sales ¥811 million / yoy_pct -48.6 / Profit Not disclosed, Segment Real estate technology business / Net Sales ¥97 million / yoy_pct 27.4 / Profit Not disclosed |
| Breakdown of Factors Affecting the Change | Customers' delayed decision-making, the shift to the second half of projects expected to be recorded in the second quarter, the recording in the first half of the previous fiscal year of projects with high gross margins, and increases in personnel expenses, advertising expenses and depreciation expenses |
| Key KPIs | Number of information entries registered in the matching system 8,180 Engagements, Indicator name Number of matching system users / value Not disclosed / Year on year against the same period last year +15.5%, Number of companies using the real estate tech system 6 companies, Number of companies to which proposals have been made 22 companies, Number of companies in discussions 3 companies, Business pipeline 670 Hundreds of millions of yen, Number of pipeline projects 32 Engagements, Number of CCReB GATEWAY members 3,500 People |
| Number of employees | 21 People |
| Assumptions Underlying the Business Outlook | Item Quarterly project recognition / Details Estimates are based on the scheduled recognition months for projects in the current pipeline., Item Share of revenue from balance-sheet-based investments / Original plan 62% / Current plan 76%, Item Operating margin / Original plan 23.4% / Current plan 15.7% |
| Medium-term management plan targets | Target fiscal year Fiscal year ending August 2028 / Net Sales ¥12,000 million / Operating profit ¥3,200 million / Net income for the current fiscal year ¥2,000 million |
| Financial targets | Net debt-to-equity ratio: target Approximately 1.0x / Actual net debt-to-equity ratio 0.05x at the end of February 2026 and 0.40x at the end of March 2026 / Actual equity ratio 59.7% |
| Annual Dividend | ¥27 per share |
| Market Size / Share | Compact CRE market Approximately ¥60 trillion / Annual transaction value Approximately ¥4 trillion / Share Not disclosed |
| New initiatives | Entered into a business partnership agreement with Kokopelli Inc. and established API integration between the BM Portal and CCReB MB, Started development of a brainstorming function for CCReB AI utilizing generative AI, Contracted development of a real estate tech system for JINUSHI Co.,Ltd., Promoting business digital transformation, introducing generative AI to all employees, and strengthening employee development |
Items this document does not state (10)
Gross Profit MarginProgress against full-year forecastUnit price and quantity metricsNumber of stores and locationsRisk amount incorporated into the outlookPayout ratioAcquisition of treasury sharesCapital expendituresOrders received and order backlogKey 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.Although customers' decision-making was pushed back, shifting projects expected to be recorded in the second quarter to the second half, the Company secured highly creditworthy exit buyers at an early stage for properties held for sale acquired with the proceeds of the capital increase. This is intended to accelerate its capital recycling strategy. While the profit margin is expected to decline due to changes in the service mix, the Company states that its earnings outlook has become clearer as it has secured exit buyers for projects utilizing the balance sheet.
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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Corrections happenIf the company reissues this disclosure, the page is rebuilt from the corrected version and the revision number moves up.