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Earnings presentation3280STrust Co.,Ltd.Real Estate

Financial Results Presentation for the First Quarter of the Fiscal Year Ending February 2027 (29th Fiscal Year)

In the first quarter, revenue fell 61.5% year on year because condominium handovers were significantly lower than in the same period of the previous year, resulting in an operating loss and a net loss. The full-year earnings forecast remains unchanged, with earnings expected to be concentrated in the fourth quarter.

Worth reading
39Recurring
0–100. This measures how worthwhile something is to read, not how good or bad the company is.
Direction
Deterioration
Direction inferred from the company’s description.
Scale
-48
¥ million (operating loss)
Wording
Conditional
How definitive the wording is.

Contents of this document

Earnings presentationFirst quarter of the fiscal year ending February 20275 items taken from the company’s own explanation
Financial Results Figures (The key points of this material are explained below)
Net Sales¥3,414 million-61.5%
Operating profit¥-48 million-103.5%
Ordinary income¥-108 million
Net income¥-74 million-107.9%
Selling, general and administrative expenses¥581 million
Results for the three months of the current quarter
Net Sales
¥3,414 million
Operating loss
¥-48 million
Ordinary loss
¥-108 million
Quarterly net loss
¥-74 million
Full-year earnings forecast
Net Sales
¥21,000 million
Operating profit
¥1,600 million
Ordinary income
¥1,400 million
Net income for the current fiscal year
¥1,000 million
Cost of sales
¥17,000 million
Gross profit
¥4,000 million
Selling, general and administrative expenses
¥2,400 million
What the company explained in this material
Self-assessment against the planThe company's self-assessment against its own plan.
Earnings are progressing broadly in line with plan
Breakdown of Factors Affecting the ChangeReasons cited by the Company for the change in the figures.
  • Decrease in condominium handovers
    Number of versionsDown 163 units year on year
  • Increase in detached-home handovers
    Number of versionsUp 8 units year on year
  • Condominium handovers heavily weighted toward the fourth quarter
  • Decrease in construction revenue
  • Selective acquisition of income-producing properties
  • Partial sales of project sites and other factors

The company identifies the factors but does not state the amount attributable to each one.

Key KPIsA metric the company considers important as a management benchmark.
  • Condominium handovers37 units
    Year on year against the same period last yearDown 163 units year on year
  • Detached-home handovers13 units
    Year on year against the same period last yearUp 8 units year on year
  • Full-year planned handovers366 units
  • Contracts signed251 units
  • Contract progress68.6 %
  • Units under management6,797 units
    Year on year against the same period last yearUp 167 units year on year
  • Potential sales value of inventory¥68,122 million
Segment results
  • Real Estate Development Business
    Net Sales¥2,009 million
    Operating profit¥-1 million
  • Property Management Business
    Net Sales¥182 million
    Operating profit¥0 million
  • Real Estate Leasing Business
    Net Sales¥141 million
    Operating profit¥74 million
  • Other real estate businesses
    Net Sales¥1,081 million
    Operating profit¥106 million
Financial targets
Equity ratio of 28.1%, net D/E ratio of 1.6, and current ratio of 1.5 (actual figures, not targets)
Contents of this document
ItemDetails
Document typeEarnings presentation
Fiscal Period CoveredFirst quarter of the fiscal year ending February 2027
Net Sales¥3,414 million (YoY -61.5%)
Operating profit¥-48 million (YoY -103.5%)
Ordinary income¥-108 million
Net income¥-74 million (YoY -107.9%)
Selling, general and administrative expenses¥581 million
Results for the three months of the current quarterNet Sales ¥3,414 million / Operating loss ¥-48 million / Ordinary loss ¥-108 million / Quarterly net loss ¥-74 million
Full-year earnings forecastNet Sales ¥21,000 million / Operating profit ¥1,600 million / Ordinary income ¥1,400 million / Net income for the current fiscal year ¥1,000 million / Cost of sales ¥17,000 million / Gross profit ¥4,000 million / Selling, general and administrative expenses ¥2,400 million
Self-assessment against the planEarnings are progressing broadly in line with plan
Segment resultsSegment Real Estate Development Business / Net Sales ¥2,009 million / Operating profit ¥-1 million, Segment Property Management Business / Net Sales ¥182 million / Operating profit ¥0 million, Segment Real Estate Leasing Business / Net Sales ¥141 million / Operating profit ¥74 million, Segment Other real estate businesses / Net Sales ¥1,081 million / Operating profit ¥106 million
Breakdown of Factors Affecting the ChangeFactors Decrease in condominium handovers / Amount Not disclosed / Number of versions Down 163 units year on year, Factors Increase in detached-home handovers / Amount Not disclosed / Number of versions Up 8 units year on year, Factors Condominium handovers heavily weighted toward the fourth quarter / Amount Not disclosed, Factors Decrease in construction revenue / Amount Not disclosed, Factors Selective acquisition of income-producing properties / Amount Not disclosed, Factors Partial sales of project sites and other factors / Amount Not disclosed
Key KPIsIndicator name Condominium handovers / Value 37 units / Year on year against the same period last year Down 163 units year on year, Indicator name Detached-home handovers / Value 13 units / Year on year against the same period last year Up 8 units year on year, Indicator name Full-year planned handovers / Value 366 units / Year on year against the same period last year Not disclosed, Indicator name Contracts signed / Value 251 units / Year on year against the same period last year Not disclosed, Indicator name Contract progress / Value 68.6 % / Year on year against the same period last year Not disclosed, Indicator name Units under management / Value 6,797 units / Year on year against the same period last year Up 167 units year on year, Indicator name Potential sales value of inventory / Value ¥68,122 million / Year on year against the same period last year Not disclosed
Financial targetsEquity ratio of 28.1%, net D/E ratio of 1.6, and current ratio of 1.5 (actual figures, not targets)
Items this document does not state (17)
Gross Profit MarginOperating profit marginProgress against full-year forecastUnit price and quantity metricsNumber of stores and locationsNumber of employeesAssumptions Underlying the Business OutlookRisk amount incorporated into the outlookMedium-term management plan targetsAnnual DividendPayout ratioAcquisition of treasury sharesCapital expendituresOrders received and order backlogMarket Size / ShareKey points of the Q&ANew initiatives

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 handover schedule for the condominium development and sales business was weighted toward a later period than in the same period of the previous year, when handovers were concentrated. For the full year, completed properties are heavily weighted toward the fourth quarter, creating a structure in which earnings build substantially in that quarter.

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.
Financial Results Presentation for the First Quarter of the Fiscal Year Ending February 2027 (29th Fiscal Year) | STrust Co.,Ltd. (3280) timely disclosure | Komori