Results for this period
First quarter1 January 2026–31 March 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.
The fractionalized real estate product sales business reported lower sales and profit year on year due to the impact of the tax reform outline, while real estate management income declined following the sale of the property management business for external owners. Meanwhile, sales in the domestic single-building income-producing real estate sales business exceeded the prior-year period, and a ¥1,590 million gain on business transfer was recognized.
No applicable matters.
| Item | Details |
|---|---|
| Fiscal Period Classification | First quarter |
| Accounting standards | Japanese GAAP |
| Consolidated / non-consolidated | Consolidated |
| Period Covered | 1 January 2026–31 March 2026 |
| Net Sales | ¥11,355 million (YoY -19.9%) |
| Operating profit | ¥1,115 million (YoY -16.1%) |
| Ordinary income | ¥841 million |
| Profit attributable to owners of the parent | ¥1,608 million (YoY +115.6%) |
| Net income per share | ¥32.64 |
| Equity ratio | End of the current fiscal period 24 / End of previous period 28.5 |
| Total assets | ¥90,024 million |
| Net assets | ¥21,611 million |
| Full-year earnings forecast | Net Sales ¥77,000 million (YoY +14.0%) / Operating profit ¥4,300 million (YoY -13.8%) / Ordinary income Not disclosed / Net income ¥3,100 million (YoY -6.5%) |
| Annual Dividend Forecast | ¥16 → ¥20（+25.0%） |
| Segment revenue | Income-producing property sales business ¥10,352 million (YoY +81.0%), Recurring Fee-Based Services ¥1,003 million (YoY +67.1%) |
| Segment profit | Income-producing property sales business ¥1,467 million, Recurring Fee-Based Services ¥321 million |
| Depreciation and amortization | ¥57,769 thousand |
| Breakdown of extraordinary income (loss) | Extraordinary income Gain on sale of investment securities ¥1,599 thousand, Gain on business transfer ¥1,590,088 thousand / Extraordinary loss Loss on Disposal of Fixed Assets ¥185 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 | New 0 companies (company name: —) / Excluded 1 company (Avenue Works Normandie LLC) |
| Availability of Supplementary Financial Results Materials | Yes |
| Availability of Financial Results Briefing | Whether applicable No / Subject person Not disclosed |
| Issued Shares at Period-End | 50,550,864 |
| Treasury Shares at Period-End | 1,180,880 |
| Factors Behind Changes in Business Performance | The fractionalized real estate product sales business reported lower sales and profit year on year due to the impact of the tax reform outline, while real estate management income declined following the sale of the property management business for external owners. Meanwhile, sales in the domestic single-building income-producing real estate sales business exceeded the prior-year period, and a ¥1,590 million gain on business transfer was recognized. |
Items this document does not state (12)
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.Sales of fractionalized real estate products declined year on year due to the impact of the tax reform outline, while real estate management income also decreased following the sale of the property management business for external owners. Meanwhile, the recognition of a ¥1,590 million gain on business transfer as extraordinary income boosted profit before income taxes and net income.