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Earnings briefing transcriptSecond quarter of the fiscal year ending December 20266 items taken from the company’s own explanation
Financial Results Figures (The key points of this material are explained below)
Net Sales¥345 100 million
Operating profit¥44 100 million
Ordinary income¥32 100 million
Net income¥20 100 million
Full-year earnings forecast
Net income for the current fiscal year
¥80 100 million
What the company explained in this material
Self-assessment against the planThe company's self-assessment against its own plan.
Progressing as expected; progressing smoothlyKey points of the Q&AKey questions raised by investors at the briefing and the company's answers
- Impact of rising interest rates on investor demand for JINUSHI REIT and acquisitions
- Stability of land investment products and rent revisions amid inflation
- Inquiries and transaction trends for JINUSHI Leaseback
- Status of introducing interest rate-linked clauses
- Launch of the JINUSHI Fund and discussions with other investors
- Response to leasing companies and bridge schemes in light of rising interest rates
- Policy for engaging with capital markets amid the weak share price
- Sale and acquisition policy for the second half
- Background to the increased acquisition ratio of fixed assets
- Conversion of the use of undeveloped land acquired from a developer
Assumptions Underlying the Business OutlookThe assumptions used by the company in preparing its forecast.
- 2 Twice a yearAssumptionsRate hike
New initiatives
- Began broadcasting a new JINUSHI Leaseback television commercial on 1 July 2026
- Introduction of interest rate-linked and CPI-linked clauses
- Development of specific properties for inclusion ahead of the launch of the JINUSHI Fund managed with Mitsubishi HC Capital Realty
- Started trading with a new leasing company
Key KPIsA metric the company considers important as a management benchmark.
- Number of acquisition contracts41 Engagements
- Procurement contract value¥494 100 millionYear on year against the same period last year+¥20.9 billion
- Percentage of transactions scheduled for sale during the fiscal year that have been decided92 %
- Annual acquisition target¥1,000 100 million or more
- Number of interest rate-linked clauses introduced8 Engagements
Financial targets
Equity ratio
TargetApproximately 30%
Actual results24.6%
| Item | Details |
|---|---|
| Document type | Earnings briefing transcript |
| Fiscal Period Covered | Second quarter of the fiscal year ending December 2026 |
| Net Sales | ¥345 100 million |
| Operating profit | ¥44 100 million |
| Ordinary income | ¥32 100 million |
| Net income | ¥20 100 million |
| Full-year earnings forecast | Net income for the current fiscal year ¥80 100 million |
| Self-assessment against the plan | Progressing as expected; progressing smoothly |
| Key KPIs | Indicator name Number of acquisition contracts / Value 41 Engagements / Year on year against the same period last year Not disclosed, Indicator name Procurement contract value / Value ¥494 100 million / Year on year against the same period last year +¥20.9 billion, Indicator name Percentage of transactions scheduled for sale during the fiscal year that have been decided / Value 92 % / Year on year against the same period last year Not disclosed, Indicator name Annual acquisition target / Value ¥1,000 100 million or more / Year on year against the same period last year Not disclosed, Indicator name Number of interest rate-linked clauses introduced / Value 8 Engagements / Year on year against the same period last year Not disclosed |
| Assumptions Underlying the Business Outlook | Assumptions Rate hike / Value 2 Twice a year |
| Financial targets | Equity ratio Target Approximately 30% / Actual results 24.6% |
| Key points of the Q&A | Impact of rising interest rates on investor demand for JINUSHI REIT and acquisitions, Stability of land investment products and rent revisions amid inflation, Inquiries and transaction trends for JINUSHI Leaseback, Status of introducing interest rate-linked clauses, Launch of the JINUSHI Fund and discussions with other investors, Response to leasing companies and bridge schemes in light of rising interest rates, Policy for engaging with capital markets amid the weak share price, Sale and acquisition policy for the second half, Background to the increased acquisition ratio of fixed assets, Conversion of the use of undeveloped land acquired from a developer |
| New initiatives | Began broadcasting a new JINUSHI Leaseback television commercial on 1 July 2026, Introduction of interest rate-linked and CPI-linked clauses, Development of specific properties for inclusion ahead of the launch of the JINUSHI Fund managed with Mitsubishi HC Capital Realty, Started trading with a new leasing company |
Items this document does not state (18)
Gross Profit MarginOperating profit marginSelling, general and administrative expensesResults for the three months of the current quarterProgress against full-year forecastSegment resultsBreakdown of Factors Affecting the ChangeUnit price and quantity metricsNumber of stores and locationsNumber of employeesRisk amount incorporated into the outlookMedium-term management plan targetsAnnual DividendPayout ratioAcquisition of treasury sharesCapital expendituresOrders received and order backlogMarket Size / Share
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.To provide investors with the details presented in the second-quarter earnings announcement released on 13 August 2026 and at the briefing for institutional investors and analysts held on 14 August.
How to read this page
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