Results for this period
Interim period (second quarter)1 February 2026 to 31 July 2026ConsolidatedJapanese GAAPThe 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.
The shaded area represents net assets as a proportion of total assets. It is calculated from the two amounts reported by the company.
Stacked from zero: upward is an increase in cash, downward a decrease (in ¥ thousand).The net change represented by the dotted line is the total of three items, calculated from figures provided by the company.
High construction costs due to persistently high land prices, building material prices and labor costs, and more cautious customer purchasing decisions due to higher home loan interest rates and rising prices. In the real estate rental management business, the number of properties under management declined as management companies were changed in connection with property sales and other events, while depreciation expenses for newly built warehouses increased.
Not applicable.
| Item | Details |
|---|---|
| Fiscal Period Classification | Interim period (second quarter) |
| Accounting standards | Japanese GAAP |
| Consolidated / non-consolidated | Consolidated |
| Period Covered | 1 February 2026 to 31 July 2026 |
| Net Sales | ¥2,807,041 thousand (YoY -4.2%) |
| Operating profit | ¥-114,808 thousand |
| Ordinary income | ¥-23,762 thousand |
| Profit attributable to owners of the parent | ¥-24,101 thousand |
| Total assets | ¥19,148,643 thousand |
| Net assets | ¥10,392,284 thousand |
| Cash flows from operating activities | ¥-2,902,447 thousand |
| Cash flows from investing activities | ¥5,194 thousand |
| Cash flows from financing activities | ¥273,703 thousand |
| Cash and cash equivalents at end of period | ¥2,049,144 thousand |
| Full-year earnings forecast | Net Sales Not disclosed / Operating profit Not disclosed / Ordinary income Not disclosed / Net income Not disclosed / Remarks Unchanged from the earnings forecast announced on 12 March 2026 |
| Revision to Earnings Forecast | No change |
| Segment revenue | Family-Oriented Condominium Sales Business ¥1,628,870 thousand (YoY -11.4%), Investment-Oriented Condominium Sales Business ¥804,101 thousand (YoY +14.8%), Real Estate Leasing and Management ¥147,878 thousand (YoY -17.6%), Building Maintenance Business ¥192,461 thousand (YoY +5.8%), Other Businesses ¥33,729 thousand (YoY +11.0%) |
| Segment profit | Family-Oriented Condominium Sales Business ¥33,650 thousand (YoY -52.1%), Investment-Oriented Condominium Sales Business ¥-9,906 thousand, Real Estate Leasing and Management ¥-3,613 thousand, Building Maintenance Business ¥36,200 thousand (YoY -5.3%), Other Businesses ¥19,780 thousand (YoY +172.0%) |
| Orders received and order backlog | Contracts entered into during the period Total ¥4,043,476 thousand / Year-on-year (%) 65.3 / Contract balance at interim period-end Total ¥4,759,184 thousand / Year-on-year (%) 91.6 |
| Depreciation and amortization | ¥39,168 thousand |
| Disclosure regarding the going concern assumption | Not applicable. |
| Factors Behind Changes in Business Performance | High construction costs due to persistently high land prices, building material prices and labor costs, and more cautious customer purchasing decisions due to higher home loan interest rates and rising prices. In the real estate rental management business, the number of properties under management declined as management companies were changed in connection with property sales and other events, while depreciation expenses for newly built warehouses increased. |
Items this document does not state (16)
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.The stated factors included construction costs remaining high due to persistently high land prices, building material prices and labor costs, as well as customers becoming more cautious in their purchasing decisions because of higher home loan interest rates and rising prices. In the real estate rental management business, the number of properties under management declined as management companies were changed in connection with property sales and other events, while higher depreciation expenses for newly built warehouses also contributed to the segment loss.