Worth reading
62In focus
Scored from 5 of 6 sectionsDirection
Mixed performance
Direction inferred from the company’s description.Scale
103
¥ million (year-on-year decrease in operating profit)Wording
Conditional
How definitive the wording is.Contents of this document
Financial results presentationFirst quarter of the fiscal year ending November 202611 items taken from the company’s own explanation
Financial Results Figures (The key points of this material are explained below)
Net Sales¥2,043 million+15.3%
Operating profit¥24 million-81.0%
Ordinary income¥24 million-81.1%
Net income¥11 million-86.2%
Gross Profit Margin22.1%
Operating profit margin1.2%
Selling, general and administrative expenses¥427 million
Results for the three months of the current quarter
Net Sales¥2,043 million
Operating profit¥24 million
Ordinary income¥24 million
Quarterly net income¥11 million
What the company explained in this material
Breakdown of Factors Affecting the ChangeReasons cited by the Company for the change in the figures.
Increase in salesIncrease in the number of projects under construction and strong development sales
Decline in gross marginDecrease in the number of contract orders
Decrease in the number of contract ordersPriority given to forming projects from orders received in 4Q of the previous fiscal year and the proposal period for new projects
Increase in SG&A expensesIncrease in the number of employees (up 31 year on year)
New initiatives
- Commencement of collaboration with Japan Post Group
- Plans to build environmentally friendly premium garage houses under a leasehold-rights scheme
- Full-scale launch of master lease proposals
- Introduction of standard models
- Testing of pet-friendly and commercial office models
- Opening of the Chubu Branch
Key KPIsA metric the company considers important as a management benchmark.
- Number of contract orders3 Engagements
- Contract order value¥296 million
- Number of sales deliveries1 Engagements
- Number of land acquisition contracts0 Engagements
- Order backlog¥4,655 million
- Development backlog¥6,091 million
- Number of inquiries through financial institutions149.1% year on yearYear on year against the same period last year+149.1%
Segment results
Contract orders
Net Sales
¥1,309 million+4.5%
Development sales
Net Sales
¥584 million+53.1%
Other
Net Sales
¥149 million+8.0%
Financial targets
Equity ratio
Actual results36.9%
Market Size / Share
TAMApproximately ¥22.4 trillion
PP SAMApproximately ¥2.5 trillion
PGH SAMApproximately ¥2.3 trillion
Orders received and order backlog
Orders received
¥296 million
Order backlog
¥4,655 million
Number of stores and locations
Number of store openings and closures during the periodOpened the Chubu Branch in April 2026 and commenced sales activities
Number of employees
Number of Employees121 People
As ofEnd of February 2026
Change during the periodUp 31 people year on year
Annual Dividend
Annual dividend per share¥25
Acquisition of treasury shares
Mentioned as a policy. The amount, number of shares and period of the repurchase were not disclosed| Item | Details |
|---|---|
| Document type | Financial results presentation |
| Fiscal Period Covered | First quarter of the fiscal year ending November 2026 |
| Net Sales | ¥2,043 million (YoY +15.3%) |
| Operating profit | ¥24 million (YoY -81.0%) |
| Ordinary income | ¥24 million (YoY -81.1%) |
| Net income | ¥11 million (YoY -86.2%) |
| Gross Profit Margin | 22.1% |
| Operating profit margin | 1.2% |
| Selling, general and administrative expenses | ¥427 million |
| Results for the three months of the current quarter | Net Sales ¥2,043 million / Operating profit ¥24 million / Ordinary income ¥24 million / Quarterly net income ¥11 million |
| Segment results | Contract orders Net Sales ¥1,309 million (YoY +4.5%) / Development sales Net Sales ¥584 million (YoY +53.1%) / Other Net Sales ¥149 million (YoY +8.0%) |
| Breakdown of Factors Affecting the Change | Increase in sales Increase in the number of projects under construction and strong development sales / Decline in gross margin Decrease in the number of contract orders / Decrease in the number of contract orders Priority given to forming projects from orders received in 4Q of the previous fiscal year and the proposal period for new projects / Increase in SG&A expenses Increase in the number of employees (up 31 year on year) |
| Key KPIs | Indicator name Number of contract orders / Value 3 Engagements / Year on year against the same period last year Not disclosed, Indicator name Contract order value / Value ¥296 million / Year on year against the same period last year Not disclosed, Indicator name Number of sales deliveries / Value 1 Engagements / Year on year against the same period last year Not disclosed, Indicator name Number of land acquisition contracts / Value 0 Engagements / Year on year against the same period last year Not disclosed, Indicator name Order backlog / Value ¥4,655 million / Year on year against the same period last year Not disclosed, Indicator name Development backlog / Value ¥6,091 million / Year on year against the same period last year Not disclosed, Indicator name Number of inquiries through financial institutions / Value 149.1% year on year / Year on year against the same period last year 149.1 Year on year |
| Number of stores and locations | End of period Not disclosed / Number of store openings and closures during the period Opened the Chubu Branch in April 2026 and commenced sales activities |
| Number of employees | Number of Employees 121 People / As of End of February 2026 / Change during the period Up 31 people year on year |
| Financial targets | Equity ratio Actual results 36.9% |
| Annual Dividend | Annual dividend per share ¥25 / Breakdown Not disclosed |
| Acquisition of treasury shares | Mentioned as a policy. The amount, number of shares and period of the repurchase were not disclosed |
| Orders received and order backlog | Orders received ¥296 million / Order backlog ¥4,655 million |
| Market Size / Share | TAM Approximately ¥22.4 trillion / PP SAM Approximately ¥2.5 trillion / PGH SAM Approximately ¥2.3 trillion |
| New initiatives | Commencement of collaboration with Japan Post Group, Plans to build environmentally friendly premium garage houses under a leasehold-rights scheme, Full-scale launch of master lease proposals, Introduction of standard models, Testing of pet-friendly and commercial office models, Opening of the Chubu Branch |
Items this document does not state (10)
Full-year earnings forecastProgress against full-year forecastSelf-assessment against the planUnit price and quantity metricsAssumptions Underlying the Business OutlookRisk amount incorporated into the outlookMedium-term management plan targetsPayout ratioCapital expendituresKey points of the Q&A
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.Revenue increased due to a rise in the number of projects under construction and strong development sales. The gross profit margin declined because of the decrease in the number of contract orders, and operating income decreased as a result of the decline in gross profit. SG&A expenses increased, mainly because personnel expenses rose with the increase in the number of employees. The decrease in contract orders was attributed to prioritizing project formation and proposals for new projects following a substantial increase in orders received in the fourth quarter of the previous fiscal year.
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.