Worth reading
61In 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
-13.1
% (year-on-year change in revenue)Wording
Conditional
How definitive the wording is.Results for this period
Interim period (second quarter)1 January 2026–30 June 2026ConsolidatedJapanese GAAPNet Sales34,592million yenYear on year -13.1%Progress 34.6%
Operating profit4,416million yenYear on year +8.9%Progress 36.8%
Ordinary income3,258million yenYear on year +2.6%Progress 36.2%
Net income attributable to owners of the parent2,092million yenYear on year -24.7%Progress 26.2%
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. The dotted outline is the full-year forecast and the band inside it is the result for this period. The progress rate is the result divided by the forecast.
Net income per share¥101.16
Financial position at period-end
Total assets206,644million yen
of which net assets 53,331 million yenEquity ratio 24.6%vs. prior year-end -9.5pt
塗りつぶした部分が自己資本比率です。総資産のうち、返済のいらない自前の資金がどれだけかを表します。The thin vertical line indicates the level at the end of the previous fiscal year.
Segment revenueReal Estate Investment Business 32,457 million yen (YoY -15.9%), Real Estate Leasing Business 1,152 million yen (YoY +109.4%), Asset Management Business 618 million yen (YoY -4.4%)
Segment profitReal Estate Investment Business 5,540 million yen (YoY +2.1%), Real Estate Leasing Business 739 million yen (YoY +171.5%), Asset Management Business 258 million yen (YoY -18.1%)
Outlook and shareholder returns
Full-year earnings forecast
Net Sales100,000 million yen (YoY +31.0%)
Operating profit12,000 million yen (YoY +39.5%)
Ordinary income9,000 million yen (YoY +25.1%)
Net income8,000 million yen (YoY +8.6%)
Revision to Earnings ForecastNo
Annual Dividend Forecast110 yen → 130 yen
Factors Behind Changes in Business Performance
The company promoted new acquisitions and the sale of real estate for sale. Acquisitions accelerated against the backdrop of three growth strategies, corporate real estate sales, reviews of CRE strategies, and rising construction costs, among other factors.
Disclosure regarding the going concern assumption
No applicable matters.
Change in accounting policy
基準改正に伴う変更 Noそれ以外の変更 No見積りの変更 No修正再表示 No
Changes in the scope of consolidationNew Number of companies 1 / Company name Silent partnership operated by 地主・KJRM合同会社 / Excluded Number of companies 3 / Company name LCP San Antonio Owner LLC, LCP Jinushi MO JV 1 LLC, LCP St Peters Owner LLC
Material subsequent eventsFollowing the finalization of the residual assets of ニューリアルプロパティ株式会社, the company is to assume its tax loss carryforwards of ¥5,408 million
Impairment lossNo applicable matters.
Breakdown of extraordinary income (loss)Extraordinary income Gain on sale of non-current assets 33 million yen / Extraordinary loss Not disclosed
Availability of Supplementary Financial Results MaterialsYes
Availability of Financial Results BriefingAvailable (for institutional investors and analysts)
Issued Shares at Period-End21,569,700
Treasury Shares at Period-End872,588
| Item | Details |
|---|---|
| Fiscal Period Classification | Interim period (second quarter) |
| Accounting standards | Japanese GAAP |
| Consolidated / non-consolidated | Consolidated |
| Period Covered | 1 January 2026–30 June 2026 |
| Net Sales | 34,592 million yen (YoY -13.1%) |
| Operating profit | 4,416 million yen (YoY +8.9%) |
| Ordinary income | 3,258 million yen (YoY +2.6%) |
| Profit attributable to owners of the parent | 2,092 million yen (YoY -24.7%) |
| Net income per share | ¥101.16 |
| Equity ratio | End of the current fiscal period 24.6 / End of previous period 34.1 |
| Total assets | 206,644 million yen |
| Net assets | 53,331 million yen |
| Full-year earnings forecast | Net Sales 100,000 million yen (YoY +31.0%) / Operating profit 12,000 million yen (YoY +39.5%) / Ordinary income 9,000 million yen (YoY +25.1%) / Net income 8,000 million yen (YoY +8.6%) |
| Revision to Earnings Forecast | No |
| Annual Dividend Forecast | 110 yen → 130 yen |
| Segment revenue | Real Estate Investment Business 32,457 million yen (YoY -15.9%), Real Estate Leasing Business 1,152 million yen (YoY +109.4%), Asset Management Business 618 million yen (YoY -4.4%) |
| Segment profit | Real Estate Investment Business 5,540 million yen (YoY +2.1%), Real Estate Leasing Business 739 million yen (YoY +171.5%), Asset Management Business 258 million yen (YoY -18.1%) |
| Impairment loss | No applicable matters. |
| Breakdown of extraordinary income (loss) | Extraordinary income Gain on sale of non-current assets 33 million yen / Extraordinary loss Not disclosed |
| Disclosure regarding the going concern assumption | No applicable matters. |
| Change in accounting policy | Changes due to revisions to standards No / Other changes No / Change in accounting estimate No / Restatement No |
| Changes in the scope of consolidation | New Number of companies 1 / Company name Silent partnership operated by 地主・KJRM合同会社 / Excluded Number of companies 3 / Company name LCP San Antonio Owner LLC, LCP Jinushi MO JV 1 LLC, LCP St Peters Owner LLC |
| Material subsequent events | Following the finalization of the residual assets of ニューリアルプロパティ株式会社, the company is to assume its tax loss carryforwards of ¥5,408 million |
| Availability of Supplementary Financial Results Materials | Yes |
| Availability of Financial Results Briefing | Available (for institutional investors and analysts) |
| Issued Shares at Period-End | 21,569,700 |
| Treasury Shares at Period-End | 872,588 |
| Factors Behind Changes in Business Performance | The company promoted new acquisitions and the sale of real estate for sale. Acquisitions accelerated against the backdrop of three growth strategies, corporate real estate sales, reviews of CRE strategies, and rising construction costs, among other factors. |
Items this document does not state (10)
Operating MarginCash flows from operating activitiesCash flows from investing activitiesCash flows from financing activitiesCash and cash equivalents at end of periodPayout ratioShareholder Return PolicyRegional salesOrders received and order backlogDepreciation and amortization
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 company stated that it promoted new acquisitions and the sale of real estate for sale based on its JINUSHI business as its core strategy. It also said that acquisitions accelerated against the backdrop of three growth strategies—diversifying tenant industries, expanding operating areas, and proposing JINUSHI leasebacks—as well as tailwinds from corporate real estate sales, reviews of CRE strategies, and rising construction costs.
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.