Worth reading
76Important
0–100. This measures how worthwhile something is to read, not how good or bad the company is.Direction
Improvement
Direction inferred from the company’s description.Scale
16.1
Revenue year-on-year (%)Wording
Conditional
How definitive the wording is.Contents of this document
Earnings presentationFiscal year ending June 202611 items taken from the company’s own explanation
Financial Results Figures (The key points of this material are explained below)
Net Sales39,394 million yen+16.1%
Operating profit4,147 million yen+19.1%
Ordinary income3,135 million yen+12.5%
Net income2,129 million yen+15.1%
Selling, general and administrative expenses3,700 million yen
Gross Profit Margin
Rate19.9%
Year-on-year change (points)Up 0.9 percentage points (19.0% for the fiscal year ended June 2025)
Operating profit margin
Rate10.5%
Year-on-year change (points)Up 0.2 percentage points (10.3% for the fiscal year ended June 2025)
Full-year earnings forecast
Net Sales
43,500 million yen
Operating profit
4,200 million yen
Ordinary income
3,150 million yen
Net income
2,150 million yen
Units sold: urban rental condominiums and other properties
653 units
What the company explained in this material
Self-assessment against the planThe company's self-assessment against its own plan.
Strong results exceeding the initial forecastBreakdown of Factors Affecting the ChangeReasons cited by the Company for the change in the figures.
Net SalesStrong sales of urban rental condominiums, detached houses and apartments, and land, as well as strong sales by ケーナイン
Operating profitHigher revenue from real estate development and sales, sales of high-margin properties, the effect of higher revenue, and increases in personnel expenses and brokerage fees
Non-Operating ExpensesHigher interest payments and other expenses due to rising interest rates and increased borrowings
New initiatives
- Strengthen hotel and senior-care facility development
- Sale of fractional ownership interests in the Old Karuizawa Project
- Planning of the Niseko Hirafu and Nagasaki Dejima projects
- Increase investment in human capital
- Release IR business introduction and room-tour videos
Key KPIsA metric the company considers important as a management benchmark.
- Units sold: urban rental condominiums, detached houses and other properties593 unitsYear on year against the same period last year-57 units
- ケーナイン revenue¥87 100 millionYear on year against the same period last year+42.9%
- ケーナイン operating income¥9 100 millionYear on year against the same period last year+42.6%
- Consolidated number of employees105 people
- ROE11.6 %Year on year against the same period last year+0.2%
Segment results
Real Estate Business
Net Sales
39,157 million yen+16.2%
Segment profit
5,909 million yen+17.7%
Hotel Business
Net Sales
237 million yen-0.4%
Segment profit
39 million yen-13.3%
Medium-term management plan targets
Fiscal year ending June 2027 plan
Net Sales42,529 million yen
Operating profit4,078 million yen
Fiscal year ending June 2028 plan
Net Sales50,000 million yen
Operating profit4,500 million yen
Financial targets
Actual ROE
11.6 %
Cost of shareholders’ equity
Approximately 8.0–8.5
Market Size / Share
Domestic real estate investment: approximately ¥7 trillion (calendar 2025)
Inbound high-value travel market¥1.0159 trillion (2023)
Number of employees
Number of Employees105 people
Change during the periodIncreased group-wide hiring and the impact of bringing ケーナイン into the group, among other factors
Annual Dividend
Annual
24 yen
Interim
11 yen
End of period
13 yen
Payout ratio
Rate41.3 %
| Item | Details |
|---|---|
| Document type | Earnings presentation |
| Fiscal Period Covered | Fiscal year ending June 2026 |
| Net Sales | 39,394 million yen (YoY +16.1%) |
| Operating profit | 4,147 million yen (YoY +19.1%) |
| Ordinary income | 3,135 million yen (YoY +12.5%) |
| Net income | 2,129 million yen (YoY +15.1%) |
| Gross Profit Margin | Rate 19.9% / Year-on-year change (points) Up 0.9 percentage points (19.0% for the fiscal year ended June 2025) |
| Operating profit margin | Rate 10.5% / Year-on-year change (points) Up 0.2 percentage points (10.3% for the fiscal year ended June 2025) |
| Selling, general and administrative expenses | 3,700 million yen |
| Full-year earnings forecast | Net Sales 43,500 million yen / Operating profit 4,200 million yen / Ordinary income 3,150 million yen / Net income 2,150 million yen / Units sold: urban rental condominiums and other properties 653 units |
| Self-assessment against the plan | Strong results exceeding the initial forecast |
| Segment results | Real Estate Business Net Sales 39,157 million yen (YoY +16.2%) / Segment profit 5,909 million yen (YoY +17.7%) / Hotel Business Net Sales 237 million yen (YoY -0.4%) / Segment profit 39 million yen (YoY -13.3%) |
| Breakdown of Factors Affecting the Change | Net Sales Strong sales of urban rental condominiums, detached houses and apartments, and land, as well as strong sales by ケーナイン / Operating profit Higher revenue from real estate development and sales, sales of high-margin properties, the effect of higher revenue, and increases in personnel expenses and brokerage fees / Non-Operating Expenses Higher interest payments and other expenses due to rising interest rates and increased borrowings |
| Key KPIs | Indicator name Units sold: urban rental condominiums, detached houses and other properties / Value 593 units / Year on year against the same period last year -57 units, Indicator name ケーナイン revenue / Value ¥87 100 million / Year on year against the same period last year ¥42.9 100 million, Indicator name ケーナイン operating income / Value ¥9 100 million / Year on year against the same period last year ¥42.6 100 million, Indicator name Consolidated number of employees / Value 105 people / Year on year against the same period last year Not disclosed, Indicator name ROE / Value 11.6 % / Year on year against the same period last year 0.2 % |
| Number of employees | Number of Employees 105 people / Change during the period Increased group-wide hiring and the impact of bringing ケーナイン into the group, among other factors |
| Medium-term management plan targets | Fiscal year ending June 2027 plan Net Sales 42,529 million yen / Operating profit 4,078 million yen / Fiscal year ending June 2028 plan Net Sales 50,000 million yen / Operating profit 4,500 million yen |
| Financial targets | Actual ROE 11.6 % / Cost of shareholders’ equity Approximately 8.0–8.5 |
| Annual Dividend | Annual 24 yen / Interim 11 yen / End of period 13 yen |
| Payout ratio | Rate 41.3 % |
| Market Size / Share | Market Size Domestic real estate investment: approximately ¥7 trillion (calendar 2025) / Inbound high-value travel market ¥1.0159 trillion (2023) / Share Not disclosed |
| New initiatives | Strengthen hotel and senior-care facility development, Sale of fractional ownership interests in the Old Karuizawa Project, Planning of the Niseko Hirafu and Nagasaki Dejima projects, Increase investment in human capital, Release IR business introduction and room-tour videos |
Items this document does not state (10)
Results for the three months of the current quarterProgress against full-year forecastUnit price and quantity metricsNumber of stores and locationsAssumptions Underlying the Business OutlookRisk amount incorporated into the outlookAcquisition of treasury sharesCapital expendituresOrders received and order backlogKey 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 of urban rental condominiums progressed as planned, while the sale of high-margin projects contributed to higher margins. The performance of group company ケーナイン also remained strong throughout the year, and the revenue increase absorbed higher personnel expenses, brokerage fees and other costs associated with business expansion.
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.
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Corrections happenIf the company reissues this disclosure, the page is rebuilt from the corrected version and the revision number moves up.