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Presentation materials for financial results3280STrust Co.,Ltd.Real estate

Second-Quarter Financial Results Presentation for the Fiscal Year Ending February 2027 (29th Fiscal Year)

In the first half, condominium deliveries were weighted toward the second half, particularly the fourth quarter, resulting in revenue declining 58.3% year on year and operating profit declining 93.9%, with an interim net loss of ¥19 million. Meanwhile, the rental business and other real estate business both posted higher revenue and profit, and the full-year forecast was unchanged.

Worth reading
48Recurring
Scored from 5 of 6 sections
Direction
Deterioration
Direction inferred from the company’s description.
Scale
-8565
¥ million (year-on-year change in net sales)
Wording
Conditional
How definitive the wording is.

Contents of this document

Presentation materials for financial resultsFiscal year ending February 2027, second quarter6 items taken from the company’s own explanation
Financial Results Figures (The key points of this material are explained below)
Net Sales¥6,133 million-58.3%
Operating profit¥93 million-93.9%
Ordinary income¥-25 million
Net income¥-19 millions -101.8%interim net loss
Selling, general and administrative expenses¥1,116 million
Full-year earnings forecast
Net Sales
¥21,000 million
Cost of sales
¥17,000 million
Gross profit
¥4,000 million
Selling, general and administrative expenses
¥2,400 million
Operating profit
¥1,600 million
Ordinary income
¥1,400 million
Net income for the current fiscal year
¥1,000 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 deliveriesDown 218 units year on year
  • Decrease in detached-home deliveriesDown 1 unit year on year
  • Sale of condominium development land and other measures
  • Selective acquisition of income-producing properties
  • Partial sales of project sites and other factors
New initiatives
  • Selective acquisition of income-producing properties
  • Partial sale of project land
Key KPIsA metric the company considers important as a management benchmark.
  • Condominium handovers47 units
    Year on year against the same period last yearDown 218 units
  • Detached-home handovers22 units
    Year on year against the same period last yearDown 1 unit
  • Full-year planned handovers366 units
  • Contracts signed295 units
  • Contract progress80.6 %
  • Units under management6,797 units
    Year on year against the same period last yearUp 125 units
  • Equity ratio28.2 %
    Year on year against the same period last yearDown 0.5 percentage points year on year
  • Net debt-to-equity ratio1.7 times
    Year on year against the same period last yearUp 0.2
Segment results
Real Estate Development Business
Net Sales
¥2,829 million
Operating profit
¥-109 million
Property Management Business
Net Sales
¥373 million
Operating profit
¥11 million
Real Estate Leasing Business
Net Sales
¥284 million
Operating profit
¥148 million
Other real estate businesses
Net Sales
¥2,645 million
Operating profit
¥476 million
Financial targets
Equity ratio
Actual results28.2 %
Net debt-to-equity ratio
Actual results1.7 times
Contents of this document
ItemDetails
Document typePresentation materials for financial results
Fiscal Period CoveredFiscal year ending February 2027, second quarter
Net Sales¥6,133 million (YoY -58.3%)
Operating profit¥93 million (YoY -93.9%)
Ordinary income¥-25 million
Net income¥-19 millions (interim net loss) (YoY -101.8%)
Selling, general and administrative expenses¥1,116 million
Full-year earnings forecastNet Sales ¥21,000 million / Cost of sales ¥17,000 million / Gross profit ¥4,000 million / Selling, general and administrative expenses ¥2,400 million / Operating profit ¥1,600 million / Ordinary income ¥1,400 million / Net income for the current fiscal year ¥1,000 million
Self-assessment against the planEarnings are progressing broadly in line with plan
Segment resultsReal Estate Development Business Net Sales ¥2,829 million / Operating profit ¥-109 million / Property Management Business Net Sales ¥373 million / Operating profit ¥11 million / Real Estate Leasing Business Net Sales ¥284 million / Operating profit ¥148 million / Other real estate businesses Net Sales ¥2,645 million / Operating profit ¥476 million
Breakdown of Factors Affecting the ChangeFactors Decrease in condominium deliveries / Amount Down 218 units year on year, Factors Decrease in detached-home deliveries / Amount Down 1 unit year on year, Factors Sale of condominium development land and other measures / 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 47 units / Year on year against the same period last year Down 218 units, Indicator name Detached-home handovers / Value 22 units / Year on year against the same period last year Down 1 unit, 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 295 units / Year on year against the same period last year Not disclosed, Indicator name Contract progress / Value 80.6 % / 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 125 units, Indicator name Equity ratio / Value 28.2 % / Year on year against the same period last year Down 0.5 percentage points year on year, Indicator name Net debt-to-equity ratio / Value 1.7 times / Year on year against the same period last year Up 0.2
Financial targetsEquity ratio Actual results 28.2 % / Net debt-to-equity ratio Actual results 1.7 times / Target Not disclosed
New initiativesSelective acquisition of income-producing properties, Partial sale of project land
Items this document does not state (17)
Gross Profit MarginOperating profit marginResults for the three months of the current quarterProgress 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&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.

The completion and delivery schedule for the condominium development business was weighted toward the fourth quarter, and deliveries of condominiums, which had been concentrated in the first half of the previous year, decreased by 218 units year on year. The company explained that it secured operating profit through the sale of condominium development land and other measures.

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