Worth reading
49Recurring
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
28.5
% (year-on-year decline in operating profit)Wording
Conditional
How definitive the wording is.Results for this period
Third quarter1 January 2026 to 30 September 2026ConsolidatedJapanese GAAPNet Sales17,962¥ millionYear on year +5.8%Progress 65.3%
Operating profit1,360¥ millionYear on year -28.5%Progress 61.8%
Ordinary income1,254¥ millionYear on year -33.4%Progress 59.7%
Net income attributable to owners of the parent791¥ millionYear on year -33.6%Progress 56.5%
The 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.
Net income per share¥47.70
Financial position at period-end
Total assets19,702¥ million
of which net assets 6,663 ¥ millionEquity ratio 33.2%vs. prior year-end +3.0pt
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.
Segment revenueAsset Creation Business ¥16,498 million (YoY +4.9%), Asset Management Business ¥1,463 million (YoY +17.2%)
Segment profitAsset Creation Business ¥1,258 million (YoY -27.6%), Asset Management Business ¥582 million (YoY +14.6%)
Outlook and shareholder returns
Full-year earnings forecast
Net Sales¥27,500 million (YoY +12.2%)
Operating profit¥2,200 million (YoY -14.5%)
Ordinary income¥2,100 million (YoY -17.0%)
Net income¥1,400 million (YoY -15.3%)
Annual Dividend Forecast¥0 → ¥0（0.0%）
Factors Behind Changes in Business Performance
Completion of 14 properties under development since the previous consolidated fiscal year, completion of sales of 2 of the 4 development sites in Tokyo, 23 new design contracts, and 14 construction contracts.
Disclosure regarding the going concern assumption
There are no applicable matters.
Change in accounting policy
基準改正に伴う変更 Noそれ以外の変更 No見積りの変更 No修正再表示 No
Changes in the scope of consolidationNew 0 companies / Excluded 0 companies / Company name Not applicable
Breakdown of extraordinary income (loss)No extraordinary gains or losses were recorded for the period. The loss on the sale or disposal of fixed assets under extraordinary losses is "－".
Depreciation and amortization¥140 million
Availability of Supplementary Financial Results MaterialsYes
Availability of Financial Results BriefingWhether applicable No / Subject person Not disclosed
Issued Shares at Period-End17,352,000 shares issued at period-end
Treasury Shares at Period-End764,748 treasury shares
| Item | Details |
|---|---|
| Fiscal Period Classification | Third quarter |
| Accounting standards | Japanese GAAP |
| Consolidated / non-consolidated | Consolidated |
| Period Covered | 1 January 2026 to 30 September 2026 |
| Net Sales | ¥17,962 million (YoY +5.8%) |
| Operating profit | ¥1,360 million (YoY -28.5%) |
| Ordinary income | ¥1,254 million (YoY -33.4%) |
| Profit attributable to owners of the parent | ¥791 million (YoY -33.6%) |
| Net income per share | ¥47.70 |
| Equity ratio | End of the current fiscal period 33.2 / End of previous period 30.2 |
| Total assets | ¥19,702 million |
| Net assets | ¥6,663 million |
| Full-year earnings forecast | Net Sales ¥27,500 million (YoY +12.2%) / Operating profit ¥2,200 million (YoY -14.5%) / Ordinary income ¥2,100 million (YoY -17.0%) / Net income ¥1,400 million (YoY -15.3%) |
| Annual Dividend Forecast | ¥0 → ¥0（0.0%） |
| Segment revenue | Asset Creation Business ¥16,498 million (YoY +4.9%), Asset Management Business ¥1,463 million (YoY +17.2%) |
| Segment profit | Asset Creation Business ¥1,258 million (YoY -27.6%), Asset Management Business ¥582 million (YoY +14.6%) |
| Depreciation and amortization | ¥140 million |
| Breakdown of extraordinary income (loss) | No extraordinary gains or losses were recorded for the period. The loss on the sale or disposal of fixed assets under extraordinary losses is "－". |
| Disclosure regarding the going concern assumption | There are 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 0 companies / Excluded 0 companies / Company name Not applicable |
| Availability of Supplementary Financial Results Materials | Yes |
| Availability of Financial Results Briefing | Whether applicable No / Subject person Not disclosed |
| Issued Shares at Period-End | 17,352,000 shares issued at period-end |
| Treasury Shares at Period-End | 764,748 treasury shares |
| Factors Behind Changes in Business Performance | Completion of 14 properties under development since the previous consolidated fiscal year, completion of sales of 2 of the 4 development sites in Tokyo, 23 new design contracts, and 14 construction contracts. |
Items this document does not state (12)
Operating MarginCash flows from operating activitiesCash flows from investing activitiesCash flows from financing activitiesCash and cash equivalents at end of periodRevision to Earnings ForecastPayout ratioShareholder Return PolicyRegional salesOrders received and order backlogImpairment lossMaterial subsequent events
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 items cited include the completion of 14 properties under development since the previous consolidated fiscal year, the completion of sales of 2 of the 4 development sites acquired in Tokyo, 23 new design contracts, and 14 construction contracts. No direct factor behind the decline in profit is stated.
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.