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 ¥ thousand).The net change represented by the dotted line is the total of three items, calculated from figures provided by the company.
Because revenue is recognized when projects are delivered, the scale and timing of deliveries are not evenly distributed, resulting in a concentration of performance in the interim period. Factors cited include the sale of income-producing real estate development properties in the DX New-Build Real Estate Business, sales of the high-priced Premium Renovation Series in the DX Redevelopment Real Estate Business, completion of sales related to investment operations in the DX Real Estate Value Enhancement Business, and the acquisition of healthcare facilities and stable operation of leased assets in the Real Estate Leasing Business.
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 | ¥16,833 million (YoY -3.1%) |
| Operating profit | ¥2,033 million (YoY -49.1%) |
| Ordinary income | ¥1,239 million (YoY -63.7%) |
| Profit attributable to owners of the parent | ¥810 million (YoY -65.9%) |
| Net income per share | ¥35.38 |
| Equity ratio | End of the current fiscal period 27.2 / End of previous period 29.3 |
| Total assets | ¥108,212 million |
| Net assets | ¥29,552 million |
| Cash flows from operating activities | ¥-9,184,859 thousand |
| Cash flows from investing activities | ¥-1,373,290 thousand |
| Cash flows from financing activities | ¥7,125,724 thousand |
| Cash and cash equivalents at end of period | ¥19,507,118 thousand |
| Full-year earnings forecast | Net Sales ¥61,000 million (YoY +31.1%) / Operating profit ¥17,500 million (YoY +74.6%) / Ordinary income ¥16,700 million (YoY +86.5%) / Net income ¥11,600 million (YoY +89.1%) |
| Revision to Earnings Forecast | Net Sales No / Operating profit No / Ordinary income No / Net income No |
| Annual Dividend Forecast | ¥338 → ¥522 |
| Segment revenue | DX New-Build Real Estate Business ¥4,919,319 thousand (YoY -34.8%), DX Regenerated Real Estate Business ¥8,744,076 thousand (YoY +52.4%), DX Real Estate Value Enhancement Business ¥2,534,671 thousand (YoY -29.0%), Real Estate Leasing Business ¥599,923 thousand (YoY +17.5%), Other ¥35,875 thousand (YoY +228.6%) |
| Segment profit | DX New-Build Real Estate Business ¥883,035 thousand (YoY -74.5%), DX Regenerated Real Estate Business ¥833,411 thousand (YoY +26.3%), DX Real Estate Value Enhancement Business ¥615,846 thousand (YoY +103.5%), Real Estate Leasing Business ¥265,957 thousand (YoY +11.9%), Other ¥415,303 thousand |
| Depreciation and amortization | ¥147,317 thousand |
| Impairment loss | No applicable matters |
| Breakdown of extraordinary income (loss) | Extraordinary income No applicable matters / Extraordinary loss Directors' Retirement Benefits ¥17,100 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 Number of companies 0 / Company name Not disclosed / Excluded Number of companies 0 / Company name Not disclosed |
| Material subsequent events | On 1 July 2026, the company conducted a 3-for-1 stock split of its common shares and made related amendments to its Articles of Incorporation and other changes. |
| Supplementary financial results materials | Yes |
| Availability of Financial Results Briefing | Available (for institutional investors and analysts) |
| Issued Shares at Period-End | 22,936,425 Shares |
| Treasury Shares at Period-End | 1,056 Shares |
| Factors Behind Changes in Business Performance | Because revenue is recognized when projects are delivered, the scale and timing of deliveries are not evenly distributed, resulting in a concentration of performance in the interim period. Factors cited include the sale of income-producing real estate development properties in the DX New-Build Real Estate Business, sales of the high-priced Premium Renovation Series in the DX Redevelopment Real Estate Business, completion of sales related to investment operations in the DX Real Estate Value Enhancement Business, and the acquisition of healthcare facilities and stable operation of leased assets in the Real Estate Leasing Business. |
Items this document does not state (5)
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.The company explained that, because revenue is recognized when projects are delivered, the scale and timing of deliveries are not evenly distributed throughout the year, resulting in a concentration of performance in the interim period. By segment, net sales also declined in the DX New-Build Real Estate Business and the DX Real Estate Value Enhancement Business.