Results for this period
Interim period (second quarter)1 December 2025–31 May 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.
Purchasing and sales activities progressed extremely well, and the increase in the number of units sold, property acquisitions mainly in urban areas, and the diversification of exit strategies for tenant-in-place properties produced positive results. In the advisory business, revenue increased as a result of proactive sales activities and the receipt of substantial success fees.
No applicable matters.
| Item | Details |
|---|---|
| Fiscal Period Classification | Interim period (second quarter) |
| Accounting standards | Japanese GAAP |
| Consolidated / non-consolidated | Consolidated |
| Period Covered | 1 December 2025–31 May 2026 |
| Net Sales | ¥43,421 million (YoY +28.8%) |
| Operating profit | ¥6,809 million (YoY +69.5%) |
| Ordinary income | ¥6,361 million (YoY +79.2%) |
| Profit attributable to owners of the parent | ¥4,356 million (YoY +79.2%) |
| Net income per share | ¥128.11 |
| Equity ratio | End of the current fiscal period 24.7 / End of previous period 25.6 |
| Total assets | ¥136,105 million |
| Net assets | ¥33,766 million |
| Cash flows from operating activities | ¥-13,818,245 thousand |
| Cash flows from investing activities | ¥-211,566 thousand |
| Cash flows from financing activities | ¥15,564,202 thousand |
| Cash and cash equivalents at end of period | ¥4,935,275 thousand |
| Full-year earnings forecast | Net Sales ¥89,168 million (YoY +28.9%) / Operating profit ¥10,449 million (YoY +42.9%) / Ordinary income ¥8,771 million (YoY +42.5%) / Net income ¥6,030 million (YoY +44.1%) |
| Annual Dividend Forecast | ¥37 → ¥51（+37.8%） |
| Shareholder Return Policy | Total payout ratio of 40.0% |
| Segment revenue | Renovated Condominium Business ¥41,072,202 thousand (YoY +25.1%), Investment ¥1,376,700 thousand (YoY +223.0%), Advisory Business ¥972,324 thousand (YoY +114.9%) |
| Segment profit | Renovated Condominium Business ¥5,924,840 thousand (YoY +60.5%), Investment ¥149,907 thousand (YoY +1.6%), Advisory Business ¥1,174,863 thousand (YoY +127.1%) |
| Depreciation and amortization | ¥48,244 thousand |
| 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 | No additions or exclusions |
| Material subsequent events | On 1 June 2026, payment was completed for 3,823,100 new shares issued through a third-party allotment to Tokyo Tatemono Co.,Ltd. The ¥6,560,439,600 raised will be used to acquire properties for the renovated condominium business and investment business. |
| Availability of Supplementary Financial Results Materials | Yes |
| Availability of Financial Results Briefing | Yes (for analysts and others) |
| Issued Shares at Period-End | 34,755,900 shares |
| Treasury Shares at Period-End | 640,943 shares |
| Factors Behind Changes in Business Performance | Purchasing and sales activities progressed extremely well, and the increase in the number of units sold, property acquisitions mainly in urban areas, and the diversification of exit strategies for tenant-in-place properties produced positive results. In the advisory business, revenue increased as a result of proactive sales activities and the receipt of substantial success fees. |
Items this document does not state (7)
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.Purchasing and sales activities progressed extremely well. The increase in the number of units sold, property acquisitions mainly in urban areas, and the diversification of exit strategies for tenant-in-place properties produced positive results. In the advisory business, revenue increased as a result of proactive sales activities and the receipt of substantial success fees.