Worth reading
47Recurring
Scored from 5 of 6 sectionsDirection
Mixed performance
Direction inferred from the company’s description.Scale
31
¥ billions (revenue plan for the fiscal year ending March 2027: approximately ¥31,395 million)Wording
Conditional
How definitive the wording is.Contents of this document
Supplementary materials to the earnings reportFiscal year ending March 20267 items taken from the company’s own explanation
Financial Results Figures (The key points of this material are explained below)
Net Sales¥17,638 million-15.6%
Operating profit¥2,052 million+17.0%
Ordinary income¥1,302 million+6.3%
Net income¥640 million -6.1%net income attributable to owners of the parent
Full-year earnings forecast
Fiscal Period CoveredFiscal year ending March 2027
Net Sales
¥31,395 million
Operating profit
¥2,864 million
Ordinary income
¥2,013 million
Net income
¥1,178 million net income attributable to owners of the parent
What the company explained in this material
Self-assessment against the planThe company's self-assessment against its own plan.
Operating income in the real estate development and leasing business and the condominium business exceeded the revised plan, while operating income in the real estate development and sales business fell short of the revised planAssumptions Underlying the Business OutlookThe assumptions used by the company in preparing its forecast.
- AssumptionsPlanned projects for the first quarter of the fiscal year ending March 2027Details1 industrial site and 1 new condominium project
- AssumptionsPlanned projects for the fourth quarter of the fiscal year ending March 2027Details1 industrial site and 2 new condominium projects
New initiatives
- Aim to increase revenue in the real estate development and leasing business through new acquisitions
- Plan to complete a large-scale industrial site
- Plan to complete and sell a large-scale condominium project
Key KPIsA metric the company considers important as a management benchmark.
- Number of condominium projects supplied5 buildingsYear on year against the same period last yearDown from 8 projects in the fiscal year ended March 2025
- Number of condominium units supplied119 unitsYear on year against the same period last yearDown from 237 units in the fiscal year ended March 2025
Segment results
- Real estate development and leasing businessNet Sales¥3,273 million (YoY +0.4%)Operating profit¥1,039 million (YoY +6.1%)
- Real estate development and sales businessNet Sales¥8,288 million (YoY +50.5%)Operating profit¥2,121 million (YoY +263.0%)
- Condominium BusinessNet Sales¥5,770 million (YoY -51.8%)Operating profit¥215 million (YoY -81.9%)
Annual Dividend
Annual dividend per share
¥30
Payout ratio
40.4 %
| Item | Details |
|---|---|
| Document type | Supplementary materials to the earnings report |
| Fiscal Period Covered | Fiscal year ending March 2026 |
| Net Sales | ¥17,638 million (YoY -15.6%) |
| Operating profit | ¥2,052 million (YoY +17.0%) |
| Ordinary income | ¥1,302 million (YoY +6.3%) |
| Net income | ¥640 million (net income attributable to owners of the parent) (YoY -6.1%) |
| Full-year earnings forecast | Fiscal Period Covered Fiscal year ending March 2027 / Net Sales ¥31,395 million / Operating profit ¥2,864 million / Ordinary income ¥2,013 million / Net income ¥1,178 million (net income attributable to owners of the parent) |
| Self-assessment against the plan | Operating income in the real estate development and leasing business and the condominium business exceeded the revised plan, while operating income in the real estate development and sales business fell short of the revised plan |
| Segment results | Segment Real estate development and leasing business / Net Sales ¥3,273 million (YoY +0.4%) / Operating profit ¥1,039 million (YoY +6.1%), Segment Real estate development and sales business / Net Sales ¥8,288 million (YoY +50.5%) / Operating profit ¥2,121 million (YoY +263.0%), Segment Condominium Business / Net Sales ¥5,770 million (YoY -51.8%) / Operating profit ¥215 million (YoY -81.9%) |
| Key KPIs | Indicator name Number of condominium projects supplied / Value 5 buildings / Year on year against the same period last year Down from 8 projects in the fiscal year ended March 2025, Indicator name Number of condominium units supplied / Value 119 units / Year on year against the same period last year Down from 237 units in the fiscal year ended March 2025 |
| Assumptions Underlying the Business Outlook | Assumptions Planned projects for the first quarter of the fiscal year ending March 2027 / Details 1 industrial site and 1 new condominium project, Assumptions Planned projects for the fourth quarter of the fiscal year ending March 2027 / Details 1 industrial site and 2 new condominium projects |
| Annual Dividend | Annual dividend per share ¥30 / Interim and Year-End Breakdown Not disclosed |
| Payout ratio | 40.4 % |
| New initiatives | Aim to increase revenue in the real estate development and leasing business through new acquisitions, Plan to complete a large-scale industrial site, Plan to complete and sell a large-scale condominium project |
Items this document does not state (17)
Gross Profit MarginOperating profit marginSelling, general and administrative expensesResults for the three months of the current quarterProgress against full-year forecastBreakdown of Factors Affecting the ChangeUnit price and quantity metricsNumber of stores and locationsNumber of employeesRisk amount incorporated into the outlookMedium-term management plan targetsFinancial targetsAcquisition of treasury sharesCapital expendituresOrders received and order backlogMarket Size / ShareKey points of the Q&A
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 March 2026, earnings increased because rights adjustments in corporate real estate sales progressed ahead of schedule and enabled sales to be completed, while costs were controlled in the detached housing business by reviewing materials and product specifications. On the other hand, condominium supply declined from 8 projects and 237 units in the fiscal year ended March 2025 to 5 projects and 119 units in the fiscal year ended March 2026. An extraordinary loss related to goodwill and higher tax expenses also contributed to the declines in revenue and net income.
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.
Weight is not a verdictIt measures how much this changes what the company had already told the market. It is not a view on the shares.
Corrections happenIf the company reissues this disclosure, the page is rebuilt from the corrected version and the revision number moves up.