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Earnings3246KOSE R.E. Co.,Ltd.Real Estate

Consolidated Financial Results for the First Quarter of the Fiscal Year Ending January 2027 [Japanese GAAP]

In the first quarter, revenue increased 81.7% year on year as the number of condominium units delivered rose. The operating loss narrowed, ordinary income/loss turned profitable, and the net loss narrowed significantly.

Worth reading
73In focus
Scored from 4 of 6 sections
Direction
Improvement
Direction inferred from the company’s description.
Scale
81.7
% (year-on-year increase in net sales)
Wording
Conditional
How definitive the wording is.

Results for this period

First quarter1 February 2026–30 April 2026ConsolidatedJapanese GAAP
Net Sales1,755,386¥ thousandYear on year +81.7%
Operating profit-35,101¥ thousand
Ordinary income8,007¥ thousand
Net income attributable to owners of the parent-1,696¥ thousand

The 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.

Financial position at period-end
Total assets19,063,988¥ thousand
of which net assets 10,414,689 ¥ thousand

The shaded area represents net assets as a proportion of total assets. It is calculated from the two amounts reported by the company.

Segment revenueFamily-Oriented Condominium Sales Business ¥1,089,250 thousand (YoY +149.8%), Investment-Oriented Condominium Sales Business ¥478,452 thousand (YoY +44.4%), Real Estate Leasing and Management ¥75,948 thousand (YoY -16.8%), Building Maintenance Business ¥96,212 thousand (YoY +1.4%), Other Businesses ¥15,523 thousand (YoY +24.9%)
Segment profitFamily-Oriented Condominium Sales Business ¥64,041 thousand, Investment-Oriented Condominium Sales Business ¥6,937 thousand, Real Estate Leasing and Management ¥-5,357 thousand, Building Maintenance Business ¥18,756 thousand (YoY -8.1%), Other Businesses ¥10,141 thousand (YoY +394.1%)
Factors Behind Changes in Business Performance

In the family condominium sales business, the number of units delivered increased from 8 in the same period of the previous year to 28, while in the asset management condominium sales business, deliveries increased from 17 to 25 units. In the real estate leasing and management business, the number of units under management declined from 3,468 to 3,312, and the business was affected by higher depreciation expenses for newly built warehouses.

Disclosure regarding the going concern assumption

Not applicable.

Depreciation and amortization¥19,663 thousand
Orders received and order backlogContracts entered into during the period ¥2,050,468 thousand / Contract backlog at quarter-end ¥3,641,953 thousand
Results for this period
ItemDetails
Fiscal Period ClassificationFirst quarter
Accounting standardsJapanese GAAP
Consolidated / non-consolidatedConsolidated
Period Covered1 February 2026–30 April 2026
Net Sales¥1,755,386 thousand (YoY +81.7%)
Operating profit¥-35,101 thousand
Ordinary income¥8,007 thousand
Profit attributable to owners of the parent¥-1,696 thousand
Total assets¥19,063,988 thousand
Net assets¥10,414,689 thousand
Segment revenueFamily-Oriented Condominium Sales Business ¥1,089,250 thousand (YoY +149.8%), Investment-Oriented Condominium Sales Business ¥478,452 thousand (YoY +44.4%), Real Estate Leasing and Management ¥75,948 thousand (YoY -16.8%), Building Maintenance Business ¥96,212 thousand (YoY +1.4%), Other Businesses ¥15,523 thousand (YoY +24.9%)
Segment profitFamily-Oriented Condominium Sales Business ¥64,041 thousand, Investment-Oriented Condominium Sales Business ¥6,937 thousand, Real Estate Leasing and Management ¥-5,357 thousand, Building Maintenance Business ¥18,756 thousand (YoY -8.1%), Other Businesses ¥10,141 thousand (YoY +394.1%)
Orders received and order backlogContracts entered into during the period ¥2,050,468 thousand / Contract backlog at quarter-end ¥3,641,953 thousand
Depreciation and amortization¥19,663 thousand
Disclosure regarding the going concern assumptionNot applicable.
Factors Behind Changes in Business PerformanceIn the family condominium sales business, the number of units delivered increased from 8 in the same period of the previous year to 28, while in the asset management condominium sales business, deliveries increased from 17 to 25 units. In the real estate leasing and management business, the number of units under management declined from 3,468 to 3,312, and the business was affected by higher depreciation expenses for newly built warehouses.
Items this document does not state (22)
Net income per shareOperating MarginEquity ratioCash flows from operating activitiesCash flows from investing activitiesCash flows from financing activitiesCash and cash equivalents at end of periodFull-year earnings forecastRevision to Earnings ForecastAnnual Dividend ForecastPayout ratioShareholder Return PolicyRegional salesImpairment lossBreakdown of extraordinary income (loss)Change in accounting policyChanges in the scope of consolidationMaterial subsequent eventsAvailability of Supplementary Financial Results MaterialsAvailability of Financial Results BriefingIssued Shares at Period-EndTreasury Shares at Period-End

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 family condominium sales business, the number of units delivered increased from 8 in the same period of the previous year to 28, while in the asset management condominium sales business, deliveries increased from 17 to 25 units. The company continued selling family and asset management condominiums while working to develop new properties.

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.
Consolidated Financial Results for the First Quarter of the Fiscal Year Ending January 2027 [Japanese GAAP] | KOSE R.E. Co.,Ltd. (3246) timely disclosure | Komori