Worth reading
42Recurring
0–100. This measures how worthwhile something is to read, not how good or bad the company is.Direction
Mixed performance
Direction inferred from the company’s description.Scale
105
¥ million (year-on-year decline in consolidated revenue)Wording
Avoiding a definitive answer
How definitive the wording is.Contents of this document
Earnings presentationSecond quarter of the fiscal year ending March 20275 items taken from the company’s own explanation
Financial Results Figures (The key points of this material are explained below)
Net Sales¥409 million-20.4%
Operating profit¥-247 million
Ordinary income¥-236 million
Net income¥133 million net income attributable to owners of the parent
Full-year earnings forecast
Net Sales
¥3,344 million
Operating profit
¥120 million
Ordinary income
¥45 million
Net income attributable to owners of the parent
¥34 million
Progress against full-year forecast 通期の予想に対して、いまどこまで進んだかの割合です。
Consolidated revenue12.2%
Real estate revenue4.3%
Hotel operations business revenue27.2%
Other Businesses net sales4.1%
What the company explained in this material
Breakdown of Factors Affecting the ChangeReasons cited by the Company for the change in the figures.
- Accommodation facility resales and real estate sales not completedImpactDecline in real estate business revenue
- Decline in PM revenue and construction revenueImpactDecline in real estate business earnings
- Fading of the effect of the Osaka-Kansai Expo in the previous fiscal yearImpactDecline in hotel revenue in Osaka and Kyoto
- Increase in hotel operating costsImpactWidening of operating loss in the hotel operations business
- Termination fee income from the mutually agreed termination of a hotel development agreement¥400 millionImpactExtraordinary Income
New initiatives
- Commenced sales and order-taking for GPU servers in the AI data center business
- Promote the development of AI data centers
- Expanded resale and sales activities for real estate projects
- Secured operating rights for new hotels and promoted hotel M&A
Key KPIsA metric the company considers important as a management benchmark.
- Equity ratio12 %Year on year against the same period last year+2.6 percentage points from the end of the previous fiscal year
- Return on equity40.4 %
- Earnings per share¥2.88Year on year against the same period last yearThe same period of the previous year recorded a loss of ¥5.13
- Number of employees133 people
Segment results
- Real estate businessNet Sales¥89 millionYear-on-year revenue-40.1%Operating profit¥3 millionYear-on-year operating profit growthDown 77.3% year on year
- Hotel operationsNet Sales¥314 millionYear-on-year revenue-13.8%Operating profit¥-26 millionYear-on-year operating profit growth¥15 million loss in the year-earlier period
- Other businessesNet Sales¥5 millionYear-on-year revenue+2,620.8%Operating profit¥-2 millionYear-on-year operating profit growthA loss of ¥11 million in the same period of the previous year
Number of employees
Number of Employees133 people
| Item | Details |
|---|---|
| Document type | Earnings presentation |
| Fiscal Period Covered | Second quarter of the fiscal year ending March 2027 |
| Net Sales | ¥409 million (YoY -20.4%) |
| Operating profit | ¥-247 million |
| Ordinary income | ¥-236 million |
| Net income | ¥133 million (net income attributable to owners of the parent) |
| Full-year earnings forecast | Net Sales ¥3,344 million / Operating profit ¥120 million / Ordinary income ¥45 million / Net income attributable to owners of the parent ¥34 million |
| Progress against full-year forecast | Consolidated revenue 12.2% / Real estate revenue 4.3% / Hotel operations business revenue 27.2% / Other Businesses net sales 4.1% |
| Segment results | Segment Real estate business / Net Sales ¥89 million / Year-on-year revenue -40.1% / Operating profit ¥3 million / Year-on-year operating profit growth Down 77.3% year on year, Segment Hotel operations / Net Sales ¥314 million / Year-on-year revenue -13.8% / Operating profit ¥-26 million / Year-on-year operating profit growth ¥15 million loss in the year-earlier period, Segment Other businesses / Net Sales ¥5 million / Year-on-year revenue +2,620.8% / Operating profit ¥-2 million / Year-on-year operating profit growth A loss of ¥11 million in the same period of the previous year |
| Breakdown of Factors Affecting the Change | Factors Accommodation facility resales and real estate sales not completed / Impact Decline in real estate business revenue, Factors Decline in PM revenue and construction revenue / Impact Decline in real estate business earnings, Factors Fading of the effect of the Osaka-Kansai Expo in the previous fiscal year / Impact Decline in hotel revenue in Osaka and Kyoto, Factors Increase in hotel operating costs / Impact Widening of operating loss in the hotel operations business, Factors Termination fee income from the mutually agreed termination of a hotel development agreement / Amount ¥400 million / Impact Extraordinary Income |
| Key KPIs | Indicator name Equity ratio / Value 12 % / Year on year against the same period last year +2.6 percentage points from the end of the previous fiscal year, Indicator name Return on equity / Value 40.4 % / Year on year against the same period last year Not disclosed, Indicator name Earnings per share / Value ¥2.88 / Year on year against the same period last year The same period of the previous year recorded a loss of ¥5.13, Indicator name Number of employees / Value 133 people / Year on year against the same period last year Not disclosed |
| Number of employees | Number of Employees 133 people / Change during the period Not disclosed / Hiring plan Not disclosed |
| New initiatives | Commenced sales and order-taking for GPU servers in the AI data center business, Promote the development of AI data centers, Expanded resale and sales activities for real estate projects, Secured operating rights for new hotels and promoted hotel M&A |
Items this document does not state (18)
Gross Profit MarginOperating profit marginSelling, general and administrative expensesResults for the three months of the current quarterSelf-assessment against the planUnit price and quantity metricsNumber of stores and locationsAssumptions Underlying the Business OutlookRisk amount incorporated into the outlookMedium-term management plan targetsFinancial targetsAnnual DividendPayout ratioAcquisition 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.In the real estate business, there were no resales of accommodation facilities or real estate sales, and PM revenue and construction revenue also declined. In the hotel operations business, the effect of the Osaka-Kansai Expo in the previous fiscal year faded, and Osaka and Kyoto also struggled. Operating loss widened due to lower revenue and higher costs. Meanwhile, the Company recorded extraordinary gains, including ¥400 million in termination fee income from the mutually agreed termination of a hotel development agreement.
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