Revised forecast
Fiscal year ending November 2026 · Full yearPrevious forecast published Announced on 14 January 2026The bar length represents the relative magnitude of change, based on the item that changed the most in this document. The percentage change shown by the dotted line is calculated from the two reported figures because the company did not provide the rate.
Changes in the business environment, including the situation in the Middle East; contract orders falling below the initial plan; changes to the sales schedule due to delays in the completion of development projects and other factors; more cautious investment due to higher interest rates and construction costs; delays in procuring construction materials; and higher construction costs resulting from increases in material prices and subcontracting expenses.
| Item | Details |
|---|---|
| Net Sales | ¥10,000 million → ¥8,800 million（-12.0%） |
| Operating profit | ¥800 million → ¥380 million（-52.5%） |
| Ordinary income | ¥750 million → ¥355 million（-52.7%） |
| Profit attributable to owners of the parent | ¥600 million → ¥270 million（-55.0%） |
| Net income per share | 111.74 yen → 50.26 yen |
| Fiscal Period Covered | Fiscal year ending November 2026 |
| Period Covered | Full year |
| Publication date of previous forecast | Announced on 14 January 2026 |
| Previous-period results | Net Sales ¥8,233 million / Operating profit ¥588 million / Ordinary income ¥569 million / Profit attributable to owners of the parent ¥398 million / Net income per share ¥74.13 / Fiscal Period Covered Fiscal year ended November 2025 |
| Reason for the revision | Changes in the business environment, including the situation in the Middle East; contract orders falling below the initial plan; changes to the sales schedule due to delays in the completion of development projects and other factors; more cautious investment due to higher interest rates and construction costs; delays in procuring construction materials; and higher construction costs resulting from increases in material prices and subcontracting expenses. |
| Consolidated / non-consolidated | Consolidated |
Items this document does not state (2)
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 revision reflects contract orders falling below the initial plan, delays in the completion of development projects that have pushed sales into the next fiscal year, more cautious investment by landowners due to higher interest rates and construction costs, delays in procuring construction materials, and higher construction costs resulting from increases in material prices and subcontracting expenses. Changes in the business environment, including the situation in the Middle East, were also taken into cautious consideration.