Worth reading
70In focus
Scored from 5 of 6 sectionsDirection
Improvement
Direction inferred from the company’s description.Scale
42.2
Year-on-year change in operating profit (%)Wording
Definitive
How definitive the wording is.Contents of this document
Supplementary materials to the earnings summarySecond quarter (interim period) of the fiscal year ending March 202710 items taken from the company’s own explanation
Financial Results Figures (The key points of this material are explained below)
Net Sales¥5,798 million+10.3%
Operating profit¥1,293 million+42.2%
Ordinary income¥937 million+34.6%
Net income¥626 million+32.4%
Full-year earnings forecast
Net Sales
¥11,525 million
Ordinary income
¥1,384 million
Revenue from the property management business
¥4,523 million
Property management business profit
¥659 million
Real estate leasing business revenue
¥7,002 million
Property leasing business profit
¥1,631 million
Annual Dividend
100 Yen
What the company explained in this material
Self-assessment against the planThe company's self-assessment against its own plan.
Exceeded the interim earnings forecastAssumptions Underlying the Business OutlookThe assumptions used by the company in preparing its forecast.
Higher interest expense due to rising interest rates and one-time costs associated with the acquisition of company-owned properties are expected, but the numerical assumptions were not disclosed.New initiatives
- Opening of ベルヴィ江坂
- Relocation of ベルヴィ千葉
- Acquisition of 1 company-owned property in Hokkaido
- Continued planned renovations to the exterior walls and common areas of company-owned properties
Key KPIsA metric the company considers important as a management benchmark.
- Properties under management contracts29,839 units
- Number of properties under management contracts22,616 units
- Properties owned by the Company7,223 units
- Overall occupancy rate98.2 %
- Occupancy rate of properties under management contracts97.9 %
- Occupancy rate of properties owned by the Company99.1 %
Segment results
Property management business
Net Sales
¥2,231 million+7.6%
Profit
¥375 million+30.5%
Real Estate Leasing Business
Net Sales
¥3,566 million+12.1%
Profit
¥918 million+47.6%
Number of stores and locations
19 locations in Kyoto, 2 in Osaka, and 1 each in Shiga, Aichi, Tokyo, Chiba and Fukuoka. Opened ベルヴィ江坂 on 1 October 2026. Acquired 1 property comprising 77 units during the period.Number of employees
Number of Employees261 People
Record date31 March 2026
Annual Dividend
Annual dividend per share100 Yen
Payout ratio
47.6% for the fiscal year ending March 2027Acquisition of treasury shares
An increase in treasury shares was mentioned, but the acquisition limit, number of shares and period were not disclosed.| Item | Details |
|---|---|
| Document type | Supplementary materials to the earnings summary |
| Fiscal Period Covered | Second quarter (interim period) of the fiscal year ending March 2027 |
| Net Sales | ¥5,798 million (YoY +10.3%) |
| Operating profit | ¥1,293 million (YoY +42.2%) |
| Ordinary income | ¥937 million (YoY +34.6%) |
| Net income | ¥626 million (YoY +32.4%) |
| Full-year earnings forecast | Net Sales ¥11,525 million / Ordinary income ¥1,384 million / Revenue from the property management business ¥4,523 million / Property management business profit ¥659 million / Real estate leasing business revenue ¥7,002 million / Property leasing business profit ¥1,631 million / Annual Dividend 100 Yen |
| Self-assessment against the plan | Exceeded the interim earnings forecast |
| Segment results | Property management business Net Sales ¥2,231 million (YoY +7.6%) / Profit ¥375 million (YoY +30.5%) / Real Estate Leasing Business Net Sales ¥3,566 million (YoY +12.1%) / Profit ¥918 million (YoY +47.6%) |
| Key KPIs | Indicator name Properties under management contracts / Value 29,839 units / Year on year against the same period last year Not disclosed, Indicator name Number of properties under management contracts / Value 22,616 units / Year on year against the same period last year Not disclosed, Indicator name Properties owned by the Company / Value 7,223 units / Year on year against the same period last year Not disclosed, Indicator name Overall occupancy rate / Value 98.2 % / Year on year against the same period last year Not disclosed, Indicator name Occupancy rate of properties under management contracts / Value 97.9 % / Year on year against the same period last year Not disclosed, Indicator name Occupancy rate of properties owned by the Company / Value 99.1 % / Year on year against the same period last year Not disclosed |
| Number of stores and locations | 19 locations in Kyoto, 2 in Osaka, and 1 each in Shiga, Aichi, Tokyo, Chiba and Fukuoka. Opened ベルヴィ江坂 on 1 October 2026. Acquired 1 property comprising 77 units during the period. |
| Number of employees | Number of Employees 261 People / Record date 31 March 2026 |
| Assumptions Underlying the Business Outlook | Higher interest expense due to rising interest rates and one-time costs associated with the acquisition of company-owned properties are expected, but the numerical assumptions were not disclosed. |
| Annual Dividend | Annual dividend per share 100 Yen / Interim Dividend Not disclosed / Year-end dividend Not disclosed |
| Payout ratio | 47.6% for the fiscal year ending March 2027 |
| Acquisition of treasury shares | An increase in treasury shares was mentioned, but the acquisition limit, number of shares and period were not disclosed. |
| New initiatives | Opening of ベルヴィ江坂, Relocation of ベルヴィ千葉, Acquisition of 1 company-owned property in Hokkaido, Continued planned renovations to the exterior walls and common areas of company-owned properties |
Items this document does not state (14)
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 metricsRisk amount incorporated into the outlookMedium-term management plan targetsFinancial targetsCapital 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.Sales contributions from company-owned properties acquired in the previous fiscal year, strong real estate brokerage performance, and lower costs related to newly acquired properties contributed to higher sales and profits. For operating profit, the increase in sales absorbed higher depreciation, repair and personnel expenses.
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.