Results for this period
Interim period (second quarter)1 January 2026–30 June 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 ¥ million).The net change represented by the dotted line is the total of three items, calculated from figures provided by the company.
The fractionalized real estate investment product sales business reported lower sales and income as customers and sales channels remained cautious because the details of the tax reforms had not been finalized. The whole-building income-generating real estate sales business performed well, supported by expertise in selecting properties at the time of acquisition and initiatives to enhance property value. The ¥1,740 million gain on transfer of a business also pushed up profit before income taxes and net income.
No applicable matters.
| Item | Details |
|---|---|
| Fiscal Period Classification | Interim period (second quarter) |
| Accounting standards | Japanese GAAP |
| Consolidated / non-consolidated | Consolidated |
| Period Covered | 1 January 2026–30 June 2026 |
| Net Sales | ¥29,000 million (YoY -12.0%) |
| Operating profit | ¥2,515 million (YoY -14.8%) |
| Interim profit before income taxes | ¥3,626 million (YoY +41.1%) |
| Profit attributable to owners of the parent | ¥2,363 million (YoY +47.1%) |
| Net income per share | ¥47.90 |
| Equity ratio | End of the current fiscal period 25.9 / End of previous period 28.5 |
| Total assets | ¥86,406 million |
| Net assets | ¥22,389 million |
| Cash flows from operating activities | ¥-14,268 million |
| Cash flows from investing activities | ¥-677 million |
| Cash flows from financing activities | ¥12,591 million |
| Cash and cash equivalents at end of period | ¥9,310 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 / Profit before income taxes ¥4,500 million (YoY -13.3%) / Net income ¥3,100 million (YoY -6.5%) |
| Annual Dividend Forecast | ¥16 → ¥20（+25.0%） |
| Segment revenue | Income-producing property sales business ¥26,810 million, Recurring Fee-Based Services ¥2,189 million |
| Segment profit | Income-producing property sales business ¥3,156 million, Recurring Fee-Based Services ¥761 million |
| Regional sales | ¥23,058 million, ¥128 million |
| Depreciation and amortization | ¥151,334 thousand |
| Breakdown of extraordinary income (loss) | Extraordinary income Gain on sale of investment securities ¥1,599 thousand, Gain on business transfer ¥1,740,700 thousand / Extraordinary loss Loss on Disposal of Fixed Assets ¥1,982 thousand, Impairment loss on investment securities ¥34,562 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 / Name of newly added company Not disclosed / Excluded 1 / Excluded Company Name Avenue Works Normandie LLC |
| Availability of Supplementary Financial Results Materials | Yes |
| Availability of Financial Results Briefing | Yes Analysts and institutional investors |
| Issued Shares at Period-End | 50,691,464 |
| Treasury Shares at Period-End | 1,181,020 |
| Factors Behind Changes in Business Performance | The fractionalized real estate investment product sales business reported lower sales and income as customers and sales channels remained cautious because the details of the tax reforms had not been finalized. The whole-building income-generating real estate sales business performed well, supported by expertise in selecting properties at the time of acquisition and initiatives to enhance property value. The ¥1,740 million gain on transfer of a business also pushed up profit before income taxes and net income. |
Items this document does not state (8)
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.In the business of selling fractionalized real estate investment products, customers and sales channels remained cautious because the details of the tax reforms had not been finalized, resulting in lower sales and income. Meanwhile, the transfer of a business aimed at optimizing the business portfolio generated a gain on transfer of a business of ¥1,740 million, pushing up profit before income taxes and net income.