Worth reading
50Recurring
0–100. This measures how worthwhile something is to read, not how good or bad the company is.Direction
Improvement
Direction inferred from the company’s description.Scale
13
Year-on-year change in operating income (%)Wording
Avoiding a definitive answer
How definitive the wording is.Contents of this document
Supplementary materials to the earnings reportFirst quarter of the fiscal year ending December 202611 items taken from the company’s own explanation
Financial Results Figures (The key points of this material are explained below)
Net Sales¥9,606 million+8.6%
Operating profit¥2,040 million+13.0%
Ordinary income¥1,894 million+9.6%
Net income¥1,317 million+12.1%
Selling, general and administrative expenses¥1,301 million
Results for the three months of the current quarterNet sales: ¥9,606 million; gross profit: ¥3,342 million; SG&A expenses: ¥1,301 million; operating profit: ¥2,040 million; ordinary profit: ¥1,894 million; net income: ¥1,317 million; EPS: ¥162.33
Full-year earnings forecast
Net Sales
¥25,500 million
Operating profit
¥2,400 million
Ordinary income
¥1,900 million
Net income for the current fiscal year
¥1,330 million
EPS
¥81.76
What the company explained in this material
Self-assessment against the planThe company's self-assessment against its own plan.
Sales and profit for land under leasehold rights and properties sold with existing fixtures both exceeded the plan and the year-earlier period.Breakdown of Factors Affecting the ChangeReasons cited by the Company for the change in the figures.
Smooth sales progress, an increase in the number of land-under-leasehold-rights properties sold, a higher proportion of land-under-leasehold-rights properties, and continued acquisitions
Assumptions Underlying the Business OutlookThe assumptions used by the company in preparing its forecast.
Rising interest rates, sales weighted toward the first half, and acquisitions weighted toward the second halfNew initiatives
- 1-for-2 stock split effective 1 July 2026
- Planned payment of a ¥21 interim dividend, including a ¥3 commemorative dividend marking the company's 50th anniversary
Key KPIsA metric the company considers important as a management benchmark.
- EPS¥162.33Year on year against the same period last year+14.0%
- Properties for sale¥33,805 million
- Number of sales144 EngagementsYear on year against the same period last yearIncreased
- Procurement¥77 hundred million
- Number of acquisitions235 Engagements
- Number of acquisition contracts173 Engagements
- Equity ratio32.9 %
Unit price and quantity metricsThese figures show sales broken down by price and volume.
Sales revenue and the number of properties sold, and acquisition value and the number of properties acquired, are presented.Segment results
Real estate sales business
Net Sales¥9.6 billion
Medium-term management plan targets
The company aims to achieve its management targets for the final year of the medium-term management plan. Specific target figures are not disclosed.Financial targets
Actual equity ratio: 32.9%. Financial target figures are not disclosed.Annual Dividend
2026 forecast: ¥25.5. Breakdown: interim dividend of ¥21, including a ¥3 commemorative dividend, and year-end dividend of ¥4.5. The breakdown is not disclosed.Payout ratio
31.2% (2026 forecast)| Item | Details |
|---|---|
| Document type | Supplementary materials to the earnings report |
| Fiscal Period Covered | First quarter of the fiscal year ending December 2026 |
| Net Sales | ¥9,606 million (YoY +8.6%) |
| Operating profit | ¥2,040 million (YoY +13.0%) |
| Ordinary income | ¥1,894 million (YoY +9.6%) |
| Net income | ¥1,317 million (YoY +12.1%) |
| Selling, general and administrative expenses | ¥1,301 million |
| Results for the three months of the current quarter | Net sales: ¥9,606 million; gross profit: ¥3,342 million; SG&A expenses: ¥1,301 million; operating profit: ¥2,040 million; ordinary profit: ¥1,894 million; net income: ¥1,317 million; EPS: ¥162.33 |
| Full-year earnings forecast | Net Sales ¥25,500 million / Operating profit ¥2,400 million / Ordinary income ¥1,900 million / Net income for the current fiscal year ¥1,330 million / EPS ¥81.76 |
| Self-assessment against the plan | Sales and profit for land under leasehold rights and properties sold with existing fixtures both exceeded the plan and the year-earlier period. |
| Segment results | Real estate sales business Net Sales ¥9.6 billion / Profit Not disclosed |
| Breakdown of Factors Affecting the Change | Smooth sales progress, an increase in the number of land-under-leasehold-rights properties sold, a higher proportion of land-under-leasehold-rights properties, and continued acquisitions |
| Key KPIs | Indicator name EPS / Value ¥162.33 / Year on year against the same period last year ¥14, Indicator name Properties for sale / Value ¥33,805 million / Year on year against the same period last year Not disclosed, Indicator name Number of sales / Value 144 Engagements / Year on year against the same period last year Increased, Indicator name Procurement / Value ¥77 hundred million / Year on year against the same period last year Not disclosed, Indicator name Number of acquisitions / Value 235 Engagements / Year on year against the same period last year Not disclosed, Indicator name Number of acquisition contracts / Value 173 Engagements / Year on year against the same period last year Not disclosed, Indicator name Equity ratio / Value 32.9 % / Year on year against the same period last year Not disclosed |
| Unit price and quantity metrics | Sales revenue and the number of properties sold, and acquisition value and the number of properties acquired, are presented. |
| Assumptions Underlying the Business Outlook | Rising interest rates, sales weighted toward the first half, and acquisitions weighted toward the second half |
| Medium-term management plan targets | The company aims to achieve its management targets for the final year of the medium-term management plan. Specific target figures are not disclosed. |
| Financial targets | Actual equity ratio: 32.9%. Financial target figures are not disclosed. |
| Annual Dividend | 2026 forecast: ¥25.5. Breakdown: interim dividend of ¥21, including a ¥3 commemorative dividend, and year-end dividend of ¥4.5. The breakdown is not disclosed. |
| Payout ratio | 31.2% (2026 forecast) |
| New initiatives | 1-for-2 stock split effective 1 July 2026, Planned payment of a ¥21 interim dividend, including a ¥3 commemorative dividend marking the company's 50th anniversary |
Items this document does not state (11)
Gross Profit MarginOperating profit marginProgress against full-year forecastNumber of stores and locationsNumber of employeesRisk amount incorporated into the outlookAcquisition of treasury sharesCapital expendituresOrders received and order backlogMarket Size / ShareKey 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.Sales progressed smoothly, and progress in sales activities for land under leasehold rights increased the number of properties sold. The higher proportion of land under leasehold rights also improved the profit margin, while acquisitions for future sales continued to build.
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.