Worth reading
70In focus
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
16376
¥ million (year-on-year decrease in revenue)Wording
Definitive
How definitive the wording is.Contents of this document
Financial results presentationFiscal year ending September 202610 items taken from the company’s own explanation
Financial Results Figures (The key points of this material are explained below)
Net Sales62,129 Millions of yen-20.9%
Operating profit6,527 Millions of yen-15.5%
Ordinary income6,292 Millions of yen-19.7%
Net income4,308 Millions of yen-19.0%
Selling, general and administrative expenses3,241 Millions of yen
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。
Ordinary incomeAchievement rate against initial target: 62.9%
Net incomeAchievement rate against initial target: 63.4%
What the company explained in this material
Self-assessment against the planThe company's self-assessment against its own plan.
Initial targets not achieved (ordinary profit achievement rate: 62.9%; net income achievement rate: 63.4%)Breakdown of Factors Affecting the ChangeReasons cited by the Company for the change in the figures.
- Real estate acquisitions and development investment¥-621 100 million
- Repayment of borrowings associated with real estate sales¥-360 100 million
- Borrowings for property acquisitions and other purposes¥456 100 million
- Cash recovery from real estate sales¥477 100 million
- Profit before income taxes¥63 100 million
- Equity financing through share issuance¥68 100 million
- Dividend Payment¥-27 100 million
- Income tax payments¥-20 100 million
- Other¥-1 100 million
New initiatives
- Selective acquisition of prime and large-scale properties
- Acquisition of commercial and office buildings and diversification of asset types
- Value enhancement leveraging the group’s construction capabilities and ensuring legal compliance
- Rent revisions and leasing
- Flexible sales and expansion of and continued transactions with buyers
- Strengthen recruitment and revise staffing rates in the staffing business for the insurance industry
Key KPIsA metric the company considers important as a management benchmark.
- Total project scale of acquired projects¥739 100 millionYear on year against the same period last year3.5% increase
- Real estate balance at period-end30,728 Millions of yenYear on year against the same period last yearUp 82.9%
- Number of development projects in progress7 projects
- Number of income-producing real estate projects in progress37 projects
- Inventory turnover175 %Year on year against the same period last yearDown 64 points
- Percentage of acquired properties located in Tokyo’s 23 wards97 %Year on year against the same period last year94% in the previous fiscal year
- Scale of commercial and office building acquisitions¥125.5 100 millionYear on year against the same period last year¥3.56 billion in the previous fiscal year
Segment results
- Real EstateNet Sales58,085 Millions of yen (YoY -22.1%)Profit7,460 Millions of yen (YoY -13.4%)
- Sales PromotionNet Sales4,043 Millions of yen (YoY +2.7%)Profit119 Millions of yen (YoY +51.0%)
Medium-term management plan targets
- PlanChallenge 2028Target fiscal yearFiscal year ending September 2028Ordinary income¥15 billionROE20% or higherROICAround 12%
- Plan30th anniversary targetTarget fiscal yearFY2035Ordinary income¥30 billion
- PlanFiscal year ending September 2027 targetTarget fiscal yearFiscal year ending September 2027Ordinary income¥10 billionNet income¥6.8 billion
Financial targets
- ROETarget20% or higherActual results20.2% for the fiscal year ended September 2025
- ROICTargetAround 12%Actual results12.7% for the fiscal year ended September 2025
Market Size / Share
Market data such as population movements, number of households, condominium prices, and advertised rents in Tokyo’s 23 wards. Market share: Not disclosedAnnual Dividend
Annual dividend per share64 Yen
End of period¥64
Payout ratio
72.8%| Item | Details |
|---|---|
| Document type | Financial results presentation |
| Fiscal Period Covered | Fiscal year ending September 2026 |
| Net Sales | 62,129 Millions of yen (YoY -20.9%) |
| Operating profit | 6,527 Millions of yen (YoY -15.5%) |
| Ordinary income | 6,292 Millions of yen (YoY -19.7%) |
| Net income | 4,308 Millions of yen (YoY -19.0%) |
| Selling, general and administrative expenses | 3,241 Millions of yen |
| Progress against full-year forecast | Ordinary income Achievement rate against initial target: 62.9% / Net income Achievement rate against initial target: 63.4% |
| Self-assessment against the plan | Initial targets not achieved (ordinary profit achievement rate: 62.9%; net income achievement rate: 63.4%) |
| Segment results | Segment Real Estate / Net Sales 58,085 Millions of yen (YoY -22.1%) / Profit 7,460 Millions of yen (YoY -13.4%), Segment Sales Promotion / Net Sales 4,043 Millions of yen (YoY +2.7%) / Profit 119 Millions of yen (YoY +51.0%) |
| Breakdown of Factors Affecting the Change | Real estate acquisitions and development investment ¥-621 100 million, Repayment of borrowings associated with real estate sales ¥-360 100 million, Borrowings for property acquisitions and other purposes ¥456 100 million, Cash recovery from real estate sales ¥477 100 million, Profit before income taxes ¥63 100 million, Equity financing through share issuance ¥68 100 million, Dividend Payment ¥-27 100 million, Income tax payments ¥-20 100 million, Other ¥-1 100 million |
| Key KPIs | Indicator name Total project scale of acquired projects / Value ¥739 100 million / Year on year against the same period last year 3.5% increase, Indicator name Real estate balance at period-end / Value 30,728 Millions of yen / Year on year against the same period last year Up 82.9%, Indicator name Number of development projects in progress / Value 7 projects / Year on year against the same period last year Not disclosed, Indicator name Number of income-producing real estate projects in progress / Value 37 projects / Year on year against the same period last year Not disclosed, Indicator name Inventory turnover / Value 175 % / Year on year against the same period last year Down 64 points, Indicator name Percentage of acquired properties located in Tokyo’s 23 wards / Value 97 % / Year on year against the same period last year 94% in the previous fiscal year, Indicator name Scale of commercial and office building acquisitions / Value ¥125.5 100 million / Year on year against the same period last year ¥3.56 billion in the previous fiscal year |
| Medium-term management plan targets | Plan Challenge 2028 / Target fiscal year Fiscal year ending September 2028 / Ordinary income ¥15 billion / ROE 20% or higher / ROIC Around 12%, Plan 30th anniversary target / Target fiscal year FY2035 / Ordinary income ¥30 billion, Plan Fiscal year ending September 2027 target / Target fiscal year Fiscal year ending September 2027 / Ordinary income ¥10 billion / Net income ¥6.8 billion |
| Financial targets | Indicator ROE / Target 20% or higher / Actual results 20.2% for the fiscal year ended September 2025, Indicator ROIC / Target Around 12% / Actual results 12.7% for the fiscal year ended September 2025 |
| Annual Dividend | Annual dividend per share 64 Yen / Interim Not disclosed / End of period ¥64 |
| Payout ratio | 72.8% |
| Market Size / Share | Market data such as population movements, number of households, condominium prices, and advertised rents in Tokyo’s 23 wards. Market share: Not disclosed |
| New initiatives | Selective acquisition of prime and large-scale properties, Acquisition of commercial and office buildings and diversification of asset types, Value enhancement leveraging the group’s construction capabilities and ensuring legal compliance, Rent revisions and leasing, Flexible sales and expansion of and continued transactions with buyers, Strengthen recruitment and revise staffing rates in the staffing business for the insurance industry |
Items this document does not state (13)
Gross Profit MarginOperating profit marginResults for the three months of the current quarterFull-year earnings forecastUnit price and quantity metricsNumber of stores and locationsNumber of employeesAssumptions 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.Although the company carried out acquisition activity exceeding the previous fiscal year’s level, sales of multiple properties were not completed by the end of the fiscal year, resulting in lower revenue. In the Sales Promotion business, staffing services for the real estate sector remained strong, while stronger recruitment and revised staffing rates for staffing services to the insurance industry contributed to higher revenue.
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.