Worth reading
55In focus
0–100. This measures how worthwhile something is to read, not how good or bad the company is.Direction
Mixed performance
Direction inferred from the company’s description.Scale
50.4
% (year-on-year change in revenue)Wording
Conditional
How definitive the wording is.Results for this period
Full year1 April 2025–31 March 2026ConsolidatedJapanese GAAPNet Sales138,579¥ millionYear on year +50.4%Progress 108.4%
Operating profit13,800¥ millionYear on year +49.6%Progress 99.3%
Ordinary income11,820¥ millionYear on year +37.4%Progress 109.4%
Net income attributable to owners of the parent7,129¥ millionYear on year +30.5%Progress 99.0%
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¥184.71
Operating Margin10.0%
Financial position at period-end
Total assets189,192¥ million
of which net assets 55,321 ¥ millionEquity ratio 28.0%vs. prior year-end +4.6pt
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.
Cash inflows and outflows
Operating+10,628
Investment+273
Financials-1,165
Net change+9,736
Stacked from zero: upward is an increase in cash, downward a decrease (in ¥ million).The net change represented by the dotted line is the total of three items, calculated from figures provided by the company.
Cash and cash equivalents at end of period¥37,697 million
Segment revenue¥63,303 million (YoY +18.1%), ¥14,235 million (YoY +282.2%), ¥52,639 million (YoY +99.0%), ¥8,399 million (YoY +0.3%)
Segment profit¥2,695 million (YoY -44.4%), ¥706 million, ¥9,505 million (YoY +115.8%), ¥541 million (YoY +34.1%)
Outlook and shareholder returns
Full-year earnings forecast
Net Sales¥127,800 million (YoY -7.8%)
Operating profit¥13,900 million (YoY +0.7%)
Ordinary income¥10,800 million (YoY -8.6%)
Net income¥7,200 million (YoY +1.0%)
Annual Dividend Forecast¥74 → ¥75
Payout ratio40.1%
Shareholder Return PolicyDividend payout ratio of at least 40% and DOE of at least 4%
Factors Behind Changes in Business Performance
In addition to the core real estate development business, sales of income-producing real estate progressed in the real estate investment business. In the CCRC business, a significant increase in the number of units handed over, and in the real estate investment business, an increase in the number of rental apartment buildings sold, contributed to higher revenue and profit.
Disclosure regarding the going concern assumption
None. The notes on the going-concern assumption state: “There are 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 eventsNo applicable matters.
Impairment loss¥441 million
Breakdown of extraordinary income (loss)Extraordinary income Gain on sale of non-current assets ¥216 million, Gain on sale of investment securities ¥172 million, Gain on redemption of investment securities ¥11 million, Gain on sale of other securities ¥14 million, Gain on business transfer ¥30 million / Extraordinary loss Impairment Losses ¥441 million, Loss on Disposal of Fixed Assets ¥47 million, Demolition costs ¥240 million, Loss on closure of stores ¥19 million, Sublease loss ¥99 million
Depreciation and amortization¥1,169 million
Orders received and order backlogContracts handled during the period ¥115,462 million / Outstanding contracts handled at period-end ¥46,154 million
Availability of Supplementary Financial Results MaterialsYes
Availability of Financial Results BriefingYes (for institutional investors and analysts)
Issued Shares at Period-End41,766,775
Treasury Shares at Period-End865,112
| Item | Details |
|---|---|
| Fiscal Period Classification | Full year |
| Accounting standards | Japanese GAAP |
| Consolidated / non-consolidated | Consolidated |
| Period Covered | 1 April 2025–31 March 2026 |
| Net Sales | ¥138,579 million (YoY +50.4%) |
| Operating profit | ¥13,800 million (YoY +49.6%) |
| Ordinary income | ¥11,820 million (YoY +37.4%) |
| Profit attributable to owners of the parent | ¥7,129 million (YoY +30.5%) |
| Net income per share | ¥184.71 |
| Operating Margin | 10.0% |
| Equity ratio | End of the current fiscal period 28.0% / End of previous period 23.4% |
| Total assets | ¥189,192 million |
| Net assets | ¥55,321 million |
| Cash flows from operating activities | ¥10,628 million |
| Cash flows from investing activities | ¥273 million |
| Cash flows from financing activities | ¥-1,165 million |
| Cash and cash equivalents at end of period | ¥37,697 million |
| Full-year earnings forecast | Net Sales ¥127,800 million (YoY -7.8%) / Operating profit ¥13,900 million (YoY +0.7%) / Ordinary income ¥10,800 million (YoY -8.6%) / Net income ¥7,200 million (YoY +1.0%) |
| Annual Dividend Forecast | ¥74 → ¥75 |
| Payout ratio | 40.1% |
| Shareholder Return Policy | Dividend payout ratio of at least 40% and DOE of at least 4% |
| Segment revenue | ¥63,303 million (YoY +18.1%), ¥14,235 million (YoY +282.2%), ¥52,639 million (YoY +99.0%), ¥8,399 million (YoY +0.3%) |
| Segment profit | ¥2,695 million (YoY -44.4%), ¥706 million, ¥9,505 million (YoY +115.8%), ¥541 million (YoY +34.1%) |
| Orders received and order backlog | Contracts handled during the period ¥115,462 million / Outstanding contracts handled at period-end ¥46,154 million |
| Depreciation and amortization | ¥1,169 million |
| Impairment loss | ¥441 million |
| Breakdown of extraordinary income (loss) | Extraordinary income Gain on sale of non-current assets ¥216 million, Gain on sale of investment securities ¥172 million, Gain on redemption of investment securities ¥11 million, Gain on sale of other securities ¥14 million, Gain on business transfer ¥30 million / Extraordinary loss Impairment Losses ¥441 million, Loss on Disposal of Fixed Assets ¥47 million, Demolition costs ¥240 million, Loss on closure of stores ¥19 million, Sublease loss ¥99 million |
| Disclosure regarding the going concern assumption | None. The notes on the going-concern assumption state: “There are 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 | No applicable matters. |
| Availability of Supplementary Financial Results Materials | Yes |
| Availability of Financial Results Briefing | Yes (for institutional investors and analysts) |
| Issued Shares at Period-End | 41,766,775 |
| Treasury Shares at Period-End | 865,112 |
| Factors Behind Changes in Business Performance | In addition to the core real estate development business, sales of income-producing real estate progressed in the real estate investment business. In the CCRC business, a significant increase in the number of units handed over, and in the real estate investment business, an increase in the number of rental apartment buildings sold, contributed to higher revenue and profit. |
Items this document does not state (2)
Revision to Earnings ForecastRegional sales
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.In addition to the core real estate development business, sales of income-producing real estate progressed in the real estate investment business. In the CCRC business, the number of units handed over increased, while in the real estate investment business, the number of rental apartment buildings sold increased.
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.