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Results3261GRANDES,Inc.Real Estate

Summary of Financial Results for the Third Quarter of the Fiscal Year Ending December 2026 [Japanese GAAP] (Consolidated)

For the first nine months, revenue decreased 5.9% year on year, while operating income/loss swung from a loss in the previous year to an ¥8 million profit, and net income/loss also turned profitable. The full-year earnings forecast and dividend forecast remain unchanged.

Worth reading
57In 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
5.9
%
Wording
Conditional
How definitive the wording is.

Results for this period

Third quarter1 January 2026–30 September 2026ConsolidatedJapanese GAAP
Net Sales2,183¥ millionYear on year -5.9%Progress 60.6%
Operating profit8¥ millionProgress 5.3%
Ordinary income-1¥ million
Net income attributable to owners of the parent15¥ million

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¥3.76
Financial position at period-end
Total assets4,916¥ million
of which net assets 2,640 ¥ millionEquity ratio 53.7%vs. prior year-end +5.3pt

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 sales ¥1,177,628 thousand (YoY -15.9%), Construction contracting ¥1,079,657 thousand (YoY +3.6%)
Segment profitReal estate sales ¥57,831 thousand (YoY -56.7%), Construction contracting ¥26,566 thousand
Outlook and shareholder returns
Full-year earnings forecast
Net Sales¥3,600 million (YoY +5.4%)
Operating profit¥150 million
Ordinary income¥120 million (YoY +315.5%)
Profit attributable to owners of the parent¥80 million
Annual Dividend Forecast¥15 → ¥15(0.0%)
Factors Behind Changes in Business Performance

The challenging sales environment for built-for-sale homes kept sales sluggish, while higher construction costs caused by the naphtha shock reduced profit margins on built-for-sale homes. Meanwhile, profitability improved through the promotion of investment property sales, an increase in orders for new-build construction contracts, repair and renovation work, and ongoing cost reductions.

Disclosure regarding the going concern assumption

Not applicable

Change in accounting policy
基準改正に伴う変更 Noneそれ以外の変更 None見積りの変更 None修正再表示 None
Changes in the scope of consolidationNew Number of companies 0 / Company name Not disclosed / Excluded Number of companies 0 / Company name Not disclosed
Breakdown of extraordinary income (loss)Extraordinary income Item Gain on sale of non-current assets / Amount ¥19,653 thousand / Extraordinary loss None recorded
Depreciation and amortization¥42,588 thousand
Availability of Supplementary Financial Results MaterialsYes
Availability of Financial Results BriefingNone
Issued Shares at Period-End4,100,874
Treasury Shares at Period-End837
Results for this period
ItemDetails
Fiscal Period ClassificationThird quarter
Accounting standardsJapanese GAAP
Consolidated / non-consolidatedConsolidated
Period Covered1 January 2026–30 September 2026
Net Sales¥2,183 million (YoY -5.9%)
Operating profit¥8 million
Ordinary income¥-1 million
Profit attributable to owners of the parent¥15 million
Net income per share¥3.76
Equity ratioEnd of the current fiscal period 53.7 / End of previous period 48.4
Total assets¥4,916 million
Net assets¥2,640 million
Full-year earnings forecastNet Sales ¥3,600 million (YoY +5.4%) / Operating profit ¥150 million / Ordinary income ¥120 million (YoY +315.5%) / Profit attributable to owners of the parent ¥80 million
Annual Dividend Forecast¥15 → ¥15(0.0%)
Segment revenueReal estate sales ¥1,177,628 thousand (YoY -15.9%), Construction contracting ¥1,079,657 thousand (YoY +3.6%)
Segment profitReal estate sales ¥57,831 thousand (YoY -56.7%), Construction contracting ¥26,566 thousand
Depreciation and amortization¥42,588 thousand
Breakdown of extraordinary income (loss)Extraordinary income Item Gain on sale of non-current assets / Amount ¥19,653 thousand / Extraordinary loss None recorded
Disclosure regarding the going concern assumptionNot applicable
Change in accounting policyChanges due to revisions to standards None / Other changes None / Change in accounting estimate None / Restatement None
Changes in the scope of consolidationNew Number of companies 0 / Company name Not disclosed / Excluded Number of companies 0 / Company name Not disclosed
Availability of Supplementary Financial Results MaterialsYes
Availability of Financial Results BriefingNone
Issued Shares at Period-End4,100,874
Treasury Shares at Period-End837
Factors Behind Changes in Business PerformanceThe challenging sales environment for built-for-sale homes kept sales sluggish, while higher construction costs caused by the naphtha shock reduced profit margins on built-for-sale homes. Meanwhile, profitability improved through the promotion of investment property sales, an increase in orders for new-build construction contracts, repair and renovation work, and ongoing cost reductions.
Items this document does not state (12)
Operating MarginCash flows from operating activitiesCash flows from investing activitiesCash flows from financing activitiesCash and cash equivalents at end of periodRevision to Earnings ForecastPayout ratioShareholder Return PolicyRegional salesOrders received and order backlogImpairment lossMaterial subsequent events

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.

Sluggish sales of built-for-sale homes and higher construction costs reduced revenue and earnings in the real estate sales business, while profitability improved through the promotion of investment property sales, an increase in orders for construction contracts, and ongoing cost reductions.

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Summary of Financial Results for the Third Quarter of the Fiscal Year Ending December 2026 [Japanese GAAP] (Consolidated) | GRANDES,Inc. (3261) timely disclosure | Komori