Worth reading
63In focus
Scored from 3 of 6 sectionsDirection
Mixed performance
Direction inferred from the company’s description.Scale
—
Displayed only when the document provides numerical figures.Wording
Conditional
How definitive the wording is.Contents of this document
Summary of Q&AFY ending August 2026, third quarter7 items taken from the company’s own explanation
Financial Results Figures (The key points of this material are explained below)
Net SalesCumulative progress against the full-year plan: 44.8%
Operating profit marginThe company explained that the margin is expected to fall below the initial plan. The margin percentage and year-on-year comparison are Not disclosed
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。Only the cumulative third-quarter progress against the full-year revenue forecast, at 44.8%, is disclosed
What the company explained in this material
Key points of the Q&AKey questions raised by investors at the briefing and the company's answers
The achievability of the full-year plan, the possibility of upward revisions to the next fiscal year's earnings forecast and the medium-term plan, the reasons for the decline in margins, the outlook for projects shifted into the next fiscal year, room for growth after the plan period, disclosure standards, and IR activities for institutional investorsBreakdown of Factors Affecting the ChangeReasons cited by the Company for the change in the figures.
The company provided a qualitative explanation of the business portfolio reconfiguration, the timing shift of advisory projects, and the bringing forward of sales of real estate held for sale. The amount is Not disclosed
Assumptions Underlying the Business OutlookThe assumptions used by the company in preparing its forecast.
The company plans to record a substantial amount of revenue in the fourth quarter. The numerical assumptions are Not disclosedNew initiatives
Expansion into the CRE × M&A field, strengthening project generation capabilities through real estate technology, and joint investment in projects exceeding ¥2 billion and the formation of CRE fundsKey KPIsA metric the company considers important as a management benchmark.
The number of meetings with institutional investors is trending upward, and the average project size is larger than before the listing. The figures are Not disclosedMedium-term management plan targets
Expansion of the CRE solutions business, growth of the real estate technology business, and expansion into the CRE × M&A field. Numerical targets are Not disclosedMarket Size / Share
The company stated that it recognizes the number of projects as representing a market with very substantial scale. The figures are Not disclosed| Item | Details |
|---|---|
| Document type | Summary of Q&A |
| Fiscal Period Covered | FY ending August 2026, third quarter |
| Net Sales | Cumulative progress against the full-year plan: 44.8% |
| Operating profit margin | The company explained that the margin is expected to fall below the initial plan. The margin percentage and year-on-year comparison are Not disclosed |
| Progress against full-year forecast | Only the cumulative third-quarter progress against the full-year revenue forecast, at 44.8%, is disclosed |
| Breakdown of Factors Affecting the Change | The company provided a qualitative explanation of the business portfolio reconfiguration, the timing shift of advisory projects, and the bringing forward of sales of real estate held for sale. The amount is Not disclosed |
| Key KPIs | The number of meetings with institutional investors is trending upward, and the average project size is larger than before the listing. The figures are Not disclosed |
| Assumptions Underlying the Business Outlook | The company plans to record a substantial amount of revenue in the fourth quarter. The numerical assumptions are Not disclosed |
| Medium-term management plan targets | Expansion of the CRE solutions business, growth of the real estate technology business, and expansion into the CRE × M&A field. Numerical targets are Not disclosed |
| Market Size / Share | The company stated that it recognizes the number of projects as representing a market with very substantial scale. The figures are Not disclosed |
| Key points of the Q&A | The achievability of the full-year plan, the possibility of upward revisions to the next fiscal year's earnings forecast and the medium-term plan, the reasons for the decline in margins, the outlook for projects shifted into the next fiscal year, room for growth after the plan period, disclosure standards, and IR activities for institutional investors |
| New initiatives | Expansion into the CRE × M&A field, strengthening project generation capabilities through real estate technology, and joint investment in projects exceeding ¥2 billion and the formation of CRE funds |
Items this document does not state (19)
Operating profitOrdinary incomeNet incomeGross Profit MarginSelling, general and administrative expensesResults for the three months of the current quarterFull-year earnings forecastSelf-assessment against the planSegment resultsUnit price and quantity metricsNumber of stores and locationsNumber of employeesRisk amount incorporated into the outlookFinancial targetsAnnual DividendPayout ratioAcquisition of treasury sharesCapital expendituresOrders received and order backlog
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.The company reconfigured its business portfolio by excluding high-margin advisory projects from its current fiscal-year forecast while bringing forward the sale of real estate held for sale acquired with proceeds from a public offering. It explained that the timing shift for the advisory projects was due to factors such as the client's decision-making schedule.
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.
Weight is not a verdictIt measures how much this changes what the company had already told the market. It is not a view on the shares.
Corrections happenIf the company reissues this disclosure, the page is rebuilt from the corrected version and the revision number moves up.