Worth reading
58In focus
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
-58.3
Year-on-year revenue growth (%)Wording
Conditional
How definitive the wording is.Results for this period
Interim period (second quarter)1 March 2026 to 31 August 2026ConsolidatedJapanese GAAPNet Sales6,133¥ millionYear on year -58.3%Progress 29.2%
Operating profit93¥ millionYear on year -93.9%Progress 5.8%
Ordinary income-25¥ million
Net income attributable to owners of the parent-19¥ 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-¥3.24
Financial position at period-end
Total assets38,094¥ million
of which net assets 10,739 ¥ millionEquity ratio 28.2%vs. prior year-end -0.5pt
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 Development Business ¥2,829 million (YoY -76.0%), Property Management Business ¥373 million (YoY -10.6%), Real Estate Leasing Business ¥284 million (YoY +16.7%), Other ¥2,645 million (YoY +18.5%)
Segment profitReal Estate Development Business ¥-109 million, Property Management Business ¥11 million (YoY -81.3%), Real Estate Leasing Business ¥148 million (YoY +23.0%), Other ¥476 million (YoY +21.8%)
Outlook and shareholder returns
Full-year earnings forecast
Net Sales¥21,000 million (YoY -5.9%)
Operating profit¥1,600 million (YoY -23.6%)
Ordinary income¥1,400 million (YoY -28.6%)
Profit attributable to owners of the parent¥1,000 million (YoY -29.6%)
Revision to Earnings ForecastNo (unchanged)
Annual Dividend Forecast¥30.00 (previous fiscal year actual) → ¥34.00 (current fiscal year forecast)（+13.3%）
Factors Behind Changes in Business Performance
Revenue and profit in the real estate sales business declined, primarily because condominium deliveries fell to 47 units, down 218 units from the same period of the previous year. Meanwhile, the real estate leasing business and other businesses reported increases in both revenue and profit.
Disclosure regarding the going concern assumption
No applicable matters
Change in accounting policy
基準改正に伴う変更 Noそれ以外の変更 No見積りの変更 No修正再表示 No
Changes in the scope of consolidationNew 0 companies / Excluded 0 companies / Company name None
Material subsequent eventsThe company resolved to conduct market purchases of up to 100,000 treasury shares, with a total acquisition cost of up to ¥130,000,000, from 15 October 2026 to 28 February 2027. The purpose is to secure shares to be delivered in the future under the restricted stock compensation plan.
Impairment lossNo applicable matters
Breakdown of extraordinary income (loss)Extraordinary income Gain on sale of non-current assets ¥3 million / Extraordinary loss Loss on disposal and sale of non-current assets ¥0 million
Orders received and order backlogContract awards ¥7,436 million (YoY -9.1%) / Contract Balances ¥15,746 million (YoY +53.5%)
Availability of Supplementary Financial Results MaterialsYes
Availability of Financial Results BriefingNo
Issued Shares at Period-End6,167,000 shares
Treasury Shares at Period-End76,316 treasury shares
| Item | Details |
|---|---|
| Fiscal Period Classification | Interim period (second quarter) |
| Accounting standards | Japanese GAAP |
| Consolidated / non-consolidated | Consolidated |
| Period Covered | 1 March 2026 to 31 August 2026 |
| Net Sales | ¥6,133 million (YoY -58.3%) |
| Operating profit | ¥93 million (YoY -93.9%) |
| Ordinary income | ¥-25 million |
| Profit attributable to owners of the parent | ¥-19 million |
| Net income per share | -¥3.24 |
| Equity ratio | End of the current fiscal period 28.2% / End of previous period 28.7% |
| Total assets | ¥38,094 million |
| Net assets | ¥10,739 million |
| Full-year earnings forecast | Net Sales ¥21,000 million (YoY -5.9%) / Operating profit ¥1,600 million (YoY -23.6%) / Ordinary income ¥1,400 million (YoY -28.6%) / Profit attributable to owners of the parent ¥1,000 million (YoY -29.6%) |
| Revision to Earnings Forecast | No (unchanged) |
| Annual Dividend Forecast | ¥30.00 (previous fiscal year actual) → ¥34.00 (current fiscal year forecast)（+13.3%） |
| Segment revenue | Real Estate Development Business ¥2,829 million (YoY -76.0%), Property Management Business ¥373 million (YoY -10.6%), Real Estate Leasing Business ¥284 million (YoY +16.7%), Other ¥2,645 million (YoY +18.5%) |
| Segment profit | Real Estate Development Business ¥-109 million, Property Management Business ¥11 million (YoY -81.3%), Real Estate Leasing Business ¥148 million (YoY +23.0%), Other ¥476 million (YoY +21.8%) |
| Orders received and order backlog | Contract awards ¥7,436 million (YoY -9.1%) / Contract Balances ¥15,746 million (YoY +53.5%) |
| Impairment loss | No applicable matters |
| Breakdown of extraordinary income (loss) | Extraordinary income Gain on sale of non-current assets ¥3 million / Extraordinary loss Loss on disposal and sale of non-current assets ¥0 million |
| Disclosure regarding the going concern assumption | No applicable matters |
| Change in accounting policy | Changes due to revisions to standards No / Other changes No / Change in accounting estimate No / Restatement No |
| Changes in the scope of consolidation | New 0 companies / Excluded 0 companies / Company name None |
| Material subsequent events | The company resolved to conduct market purchases of up to 100,000 treasury shares, with a total acquisition cost of up to ¥130,000,000, from 15 October 2026 to 28 February 2027. The purpose is to secure shares to be delivered in the future under the restricted stock compensation plan. |
| Availability of Supplementary Financial Results Materials | Yes |
| Availability of Financial Results Briefing | No |
| Issued Shares at Period-End | 6,167,000 shares |
| Treasury Shares at Period-End | 76,316 treasury shares |
| Factors Behind Changes in Business Performance | Revenue and profit in the real estate sales business declined, primarily because condominium deliveries fell to 47 units, down 218 units from the same period of the previous year. Meanwhile, the real estate leasing business and other businesses reported increases in both revenue and profit. |
Items this document does not state (9)
Operating MarginCash flows from operating activitiesCash flows from investing activitiesCash flows from financing activitiesCash and cash equivalents at end of periodPayout ratioShareholder Return PolicyRegional salesDepreciation and amortization
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 company's core condominium business delivered 47 units, down 218 units from the same period of the previous year. The company stated that results fluctuate significantly depending on the timing of property deliveries.
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.