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Earnings presentation2978TSUKURUBA Inc.Real estate

Fiscal Year Ending July 2026, Second-Quarter Earnings Presentation Materials

Revenue and gross profit exceeded the same period of the previous year in the second quarter, but operating income fell into the red because of upfront investments in personnel and advertising expenses. The full-year earnings forecast remains unchanged from the level set at the beginning of the fiscal year.

Worth reading
53Recurring
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
78
¥ million (year-on-year decrease in operating profit)
Wording
Conditional
How definitive the wording is.

Contents of this document

Earnings presentationSecond quarter of the fiscal year ending July 20267 items taken from the company’s own explanation
Financial Results Figures (The key points of this material are explained below)
Net Sales2,563 Million yen+40.0%
Operating profit-26 Million yen
Ordinary income-69 Million yen
Net income-47 Million yen net income attributable to owners of the parent
Results for the three months of the current quarter
Net Sales
2,563 Million yen
Gross profit
920 Million yen
Operating profit
-26 Million yen
Ordinary income
-69 Million yen
Net income
-47 Million yen
Full-year earnings forecast
Net Sales
12,000 Million yen
Gross profit
4,260 Million yen
Operating profit
370 Million yen
Ordinary income
240 Million yen
Net income
170～220
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
  1. 四半期ごとの業績の季節性営業人員・マーケティング費用の効果にタイムラグがあり、年度後半に進捗率が伸びる傾向。取引量は第3四半期に増加する時期がある。
  2. 政策金利・住宅ローン金利の影響急激な住宅ローン金利上昇は想定せず、実需中古住宅への影響は限定的と説明。借入金利上昇による支払利息増加は業績予想に織り込み済み。
  3. 中東情勢の影響現時点で直接的な事業影響はなく、エネルギー価格・物流コスト・為替変動などのリスクは業績予想に織り込んでいない。
Breakdown of Factors Affecting the ChangeReasons cited by the Company for the change in the figures.
  • 人件費・広告費等の先行費用投下
  • 当座貸越契約の新規締結に伴う初期費用
Assumptions Underlying the Business OutlookThe assumptions used by the company in preparing its forecast.
中古・リノベーション住宅の取引件数Planned to increase by slightly more than 20% year on year
Increase in Proprietary ProductsPlanned to increase by slightly less than 40% year on year
物件単価・取引件数マーケット要因による増加は織り込まない
Construction contracting年度後半より収益計上開始予定
借入関連費用自社企画商品の拡大に伴う増加を見込む
New initiatives
  • カウカモ工務店の新設と年度後半からの収益計上
  • 有償ストック・オプションの設定
  • 執行取締役による自己負担での株式取得を伴う自己株式処分
  • 創業株主とのコール・オプション契約
Key KPIsA metric the company considers important as a management benchmark.
  • Number of transactions234 Engagements
    Year on year against the same period last year-19.0%
  • Revenue per transaction3 Million yen
  • Active sales headcount75 People
  • Sales Productivity1.2 Engagements
  • Inventory value49 Hundreds of millions of yen
Unit price and quantity metricsThese figures show sales broken down by price and volume.
Number of transactions
234 Engagements
Revenue per transaction
3 Million yen
Number of employees
Number of permanent employees
235 People
Record date2025年7月末日
Active sales headcount
75 People
Contents of this document
ItemDetails
Document typeEarnings presentation
Fiscal Period CoveredSecond quarter of the fiscal year ending July 2026
Net Sales2,563 Million yen (YoY +40.0%)
Operating profit-26 Million yen
Ordinary income-69 Million yen
Net income-47 Million yen (net income attributable to owners of the parent)
Results for the three months of the current quarterNet Sales 2,563 Million yen / Gross profit 920 Million yen / Operating profit -26 Million yen / Ordinary income -69 Million yen / Net income -47 Million yen
Full-year earnings forecastNet Sales 12,000 Million yen / Gross profit 4,260 Million yen / Operating profit 370 Million yen / Ordinary income 240 Million yen / Net income 170～220
Breakdown of Factors Affecting the Change人件費・広告費等の先行費用投下, 当座貸越契約の新規締結に伴う初期費用
Key KPIsIndicator name Number of transactions / Value 234 Engagements / Year on year against the same period last year -19 Engagements, Indicator name Revenue per transaction / Value 3 Million yen / Year on year against the same period last year Not disclosed, Indicator name Active sales headcount / Value 75 People / Year on year against the same period last year Not disclosed, Indicator name Sales Productivity / Value 1.2 Engagements / Year on year against the same period last year Not disclosed, Indicator name Inventory value / Value 49 Hundreds of millions of yen / Year on year against the same period last year Not disclosed
Unit price and quantity metricsNumber of transactions 234 Engagements / Revenue per transaction 3 Million yen
Number of employeesNumber of permanent employees 235 People / Active sales headcount 75 People
Assumptions Underlying the Business Outlook中古・リノベーション住宅の取引件数 Planned to increase by slightly more than 20% year on year / Increase in Proprietary Products Planned to increase by slightly less than 40% year on year / 物件単価・取引件数 マーケット要因による増加は織り込まない / Construction contracting 年度後半より収益計上開始予定 / 借入関連費用 自社企画商品の拡大に伴う増加を見込む
Key points of the Q&A四半期ごとの業績の季節性：営業人員・マーケティング費用の効果にタイムラグがあり、年度後半に進捗率が伸びる傾向。取引量は第3四半期に増加する時期がある。, 政策金利・住宅ローン金利の影響：急激な住宅ローン金利上昇は想定せず、実需中古住宅への影響は限定的と説明。借入金利上昇による支払利息増加は業績予想に織り込み済み。, 中東情勢の影響：現時点で直接的な事業影響はなく、エネルギー価格・物流コスト・為替変動などのリスクは業績予想に織り込んでいない。
New initiativesカウカモ工務店の新設と年度後半からの収益計上, 有償ストック・オプションの設定, 執行取締役による自己負担での株式取得を伴う自己株式処分, 創業株主とのコール・オプション契約
Items this document does not state (16)
Gross Profit MarginOperating profit marginSelling, general and administrative expensesProgress against full-year forecastSelf-assessment against the planSegment resultsNumber of stores and locationsRisk amount incorporated into the outlookMedium-term management plan targetsFinancial targetsAnnual DividendPayout ratioAcquisition of treasury sharesCapital expendituresOrders received and order backlogMarket Size / Share

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.

事業成長に向けた人件費・広告費などの先行費用投下を継続したため営業利益が減益となりました。また、経常利益には当座貸越契約の新規締結に伴う初期費用が計上されています。

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.
Fiscal Year Ending July 2026, Second-Quarter Earnings Presentation Materials | TSUKURUBA Inc. (2978) timely disclosure | Komori