Worth reading
62In 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
169
Millions of yen (operating profit for the fiscal year ended July 2026)Wording
Conditional
How definitive the wording is.Contents of this document
Financial results presentationFull fiscal year ended July 202611 items taken from the company’s own explanation
Financial Results Figures (The key points of this material are explained below)
Net Sales¥11,310 million+39.7%
Operating profit¥169 million-38.1%
Ordinary income¥38 million-80.9%
Net income¥127 million+19.5%
Operating profit margin1.5 %
Selling, general and administrative expenses¥3,724 million
Results for the three months of the current quarter
Net Sales
¥3,408 million
Gross profit
¥1,094 million
Operating profit
¥209 million
Ordinary income
¥185 million
Full-year earnings forecast
Fiscal year ending July 2027
Net Sales
¥12,159 million
Gross profit
¥4,380 million
Selling, general and administrative expenses
¥4,095 million
Operating profit
¥285 million
Ordinary income
¥105 million
Profit attributable to owners of the parent
¥85 million
What the company explained in this material
Self-assessment against the planThe company's self-assessment against its own plan.
Gross profit was broadly in line with the revised forecast, while operating profit and below exceeded the forecast.Key points of the Q&AKey questions raised by investors at the briefing and the company's answers
- Questions What are current market conditions for existing real estate? / Answer The number of completed transactions for existing condominiums in the Tokyo metropolitan area was negative year on year for five consecutive months from April through August 2026. This has affected the progress of sales of the Company's own-planned products, but the Company believes the impact will not continue over the long term.
- Questions What is the impact of rising policy rates and mortgage rates on the business? / Answer Temporary declines in demand and adjustments in real estate prices are affecting current market conditions. The increase in interest expense resulting from higher borrowing rates has been incorporated into the earnings forecast.
Breakdown of Factors Affecting the ChangeReasons cited by the Company for the change in the figures.
Ordinary profit vs. initial forecast
Gross profit from brokerage and ancillary services¥-183 million
Gross profit from in-house developed products¥-63 million
Labor and recruitment costs¥125 million
Advertising spend¥5 million
Outsourcing and subcontracting expenses¥98 million
Other SG&A expenses¥-2 million
Assumptions Underlying the Business OutlookThe assumptions used by the company in preparing its forecast.
The earnings forecast incorporates an increase in interest expense associated with rising mortgage rates, but the figure has not been disclosed.New initiatives
- Capital and business alliance with PKSHA Technology Co., Ltd.
- Strengthening the competitive advantage of the cowcamo business through the use of AI
- Launch of the dedicated service desk for high-priced properties, “SUITE by cowcamo”
Key KPIsA metric the company considers important as a management benchmark.
- Number of transactions262 Engagements
- Revenue per transaction¥3.1 million
- Active sales headcount81 people
- Sales Productivity1.1 Engagements
- Inventory value¥36 100 million
Unit price and quantity metricsThese figures show sales broken down by price and volume.
- Number of transactions262 Engagements
- Revenue per transaction¥3.1 million
Segment results
Brokerage and Ancillary Services
Net Sales
¥3,281 million+12.3%
Gross profit
¥3,174 million+9.6%
Proprietary products
Net Sales
¥8,029 million+55.1%
Gross profit
¥720 million+11.4%
Market Size / Share
Number of completed transactions for used condominiums in the Greater Tokyo areaNegative year-on-year growth for five consecutive months from April through August 2026.
Number of completed transactions for used condominiums in Tokyo’s 23 wardsIn August 2026, transactions fell 20.6% year on year, marking eight consecutive months of decline.
Number of employees
289 people
Record date31 July 2026
Gross profit
¥3,894 million
rate_pct34.4
Year-on-year change (points)-9.4
| Item | Details |
|---|---|
| Document type | Financial results presentation |
| Fiscal Period Covered | Full fiscal year ended July 2026 |
| Net Sales | ¥11,310 million (YoY +39.7%) |
| Operating profit | ¥169 million (YoY -38.1%) |
| Ordinary income | ¥38 million (YoY -80.9%) |
| Net income | ¥127 million (YoY +19.5%) |
| Gross profit | ¥3,894 million |
| Operating profit margin | 1.5 % |
| Selling, general and administrative expenses | ¥3,724 million |
| Results for the three months of the current quarter | Net Sales ¥3,408 million / Gross profit ¥1,094 million / Operating profit ¥209 million / Ordinary income ¥185 million |
| Full-year earnings forecast | Fiscal year ending July 2027 Net Sales ¥12,159 million / Gross profit ¥4,380 million / Selling, general and administrative expenses ¥4,095 million / Operating profit ¥285 million / Ordinary income ¥105 million / Profit attributable to owners of the parent ¥85 million |
| Self-assessment against the plan | Gross profit was broadly in line with the revised forecast, while operating profit and below exceeded the forecast. |
| Segment results | Brokerage and Ancillary Services Net Sales ¥3,281 million (YoY +12.3%) / Gross profit ¥3,174 million (YoY +9.6%) / Proprietary products Net Sales ¥8,029 million (YoY +55.1%) / Gross profit ¥720 million (YoY +11.4%) |
| Breakdown of Factors Affecting the Change | Ordinary profit vs. initial forecast Gross profit from brokerage and ancillary services ¥-183 million / Gross profit from in-house developed products ¥-63 million / Labor and recruitment costs ¥125 million / Advertising spend ¥5 million / Outsourcing and subcontracting expenses ¥98 million / Other SG&A expenses ¥-2 million |
| Key KPIs | Number of transactions 262 Engagements, Revenue per transaction ¥3.1 million, Active sales headcount 81 people, Sales Productivity 1.1 Engagements, Inventory value ¥36 100 million |
| Unit price and quantity metrics | Number of transactions 262 Engagements, Revenue per transaction ¥3.1 million |
| Number of employees | 289 people |
| Assumptions Underlying the Business Outlook | The earnings forecast incorporates an increase in interest expense associated with rising mortgage rates, but the figure has not been disclosed. |
| Market Size / Share | Number of completed transactions for used condominiums in the Greater Tokyo area Negative year-on-year growth for five consecutive months from April through August 2026. / Number of completed transactions for used condominiums in Tokyo’s 23 wards In August 2026, transactions fell 20.6% year on year, marking eight consecutive months of decline. |
| Key points of the Q&A | Questions What are current market conditions for existing real estate? / Answer The number of completed transactions for existing condominiums in the Tokyo metropolitan area was negative year on year for five consecutive months from April through August 2026. This has affected the progress of sales of the Company's own-planned products, but the Company believes the impact will not continue over the long term., Questions What is the impact of rising policy rates and mortgage rates on the business? / Answer Temporary declines in demand and adjustments in real estate prices are affecting current market conditions. The increase in interest expense resulting from higher borrowing rates has been incorporated into the earnings forecast. |
| New initiatives | Capital and business alliance with PKSHA Technology Co., Ltd., Strengthening the competitive advantage of the cowcamo business through the use of AI, Launch of the dedicated service desk for high-priced properties, “SUITE by cowcamo” |
Items this document does not state (10)
Progress against full-year forecastNumber of stores and locationsRisk amount incorporated into the outlookMedium-term management plan targetsFinancial 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.For the fiscal year ended July 2026, operating profit and below exceeded the revised forecasts as a result of selective upfront investment and company-wide cost rationalization. Meanwhile, sales of the Company's own-planned products were affected by stagnation in current real estate market conditions, causing gross profit to fall below plan. For the fiscal year ending July 2027, the Company expects the stagnation in sales of its own-planned products to continue through the first half, although it says there are signs of a recovery in current conditions.
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.