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Earnings presentation3284Hoosiers Holdings Co.,Ltd.Real estate

Presentation Materials for the Fiscal Year Ending March 2026 Results

In the fiscal year ended March 2026, revenue, operating profit, ordinary profit and net income reached record highs, driven by an increase in units delivered and sales of income-producing real estate, and exceeded the full-year plan. For the fiscal year ending March 2027, the Company expects a decrease in delivered units of subdivision housing, but plans increases in operating profit and net income through improved margins. It will also reorganize its reporting segments.

Worth reading
75Important
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
13800
¥ million (operating profit for the fiscal year ending March 2026)
Wording
Conditional
How definitive the wording is.

Contents of this document

Earnings presentationFiscal year ending March 2026, full year11 items taken from the company’s own explanation
Financial Results Figures (The key points of this material are explained below)
Net Sales¥138,579 million+50.4%
Operating profit¥13,800 million+49.6%
Ordinary income¥11,820 million+37.4%
Net income¥7,129 million+30.5%
Gross Profit Margin22.0%
Operating profit margin10.0%
Selling, general and administrative expenses¥16,676 million
Results for the three months of the current quarter
Net Sales
¥87,729 million
Gross profit
¥19,622 million
Operating profit
¥13,150 million
Ordinary income
¥12,574 million
Profit attributable to owners of the parent
¥8,098 million
Full-year earnings forecast
Fiscal Period CoveredFiscal year ending March 2027
Net Sales
¥127,800 million
Gross profit
¥29,200 million
Operating profit
¥13,900 million
Ordinary income
¥10,800 million
Net income
¥7,200 million
Progress against full-year forecast　通期の予想に対して、いまどこまで進んだかの割合です。
Consolidated
Net Sales104.6%
Gross profit105.8%
Operating profit107.0%
Ordinary income118.2%
Profit attributable to owners of the parent109.7%
Real Estate Development
Net Sales103.5%
Gross profit97.7%
Number of condominium units handed over99.8%
Detached houses delivered100.0%
CCRC
Net Sales101.9%
Gross profit99.5%
Units delivered99.8%
Real Estate Investment
Net Sales107.6%
Gross profit114.0%
Real estate-related services
Net Sales98.6%
Gross profit105.7%
What the company explained in this material
Self-assessment against the planThe company's self-assessment against its own plan.
Plan achieved. The real estate investment business finished above plan in both revenue and profit. The number of units delivered in the real estate development business was in line with the initial plan, as was the CCRC business.
Breakdown of Factors Affecting the ChangeReasons cited by the Company for the change in the figures.
Analysis of year-on-year changes in ordinary profit for the fiscal year ending March 2027: real estate development, -¥1,413 million; CCRC, +¥1,512 million; real estate investment, -¥1,358 million; real estate-related services, -¥56 million; consolidation adjustments, +¥38 million; consolidated SG&A expenses, +¥1,376 million; consolidated non-operating income and expenses, -¥1,119 million.
Assumptions Underlying the Business OutlookThe assumptions used by the company in preparing its forecast.
  • Initial contract progress rate for condominiums and senior housing for the fiscal year ending March 2027: 43.0% (492 units / 1,145 units)
  • Contract progress rate for income-producing real estate for the fiscal year ending March 2027: 6.3% (2 buildings / 32 buildings)
  • Construction of condominiums and senior housing is concentrated in Q4, while income-producing real estate is scheduled for sale in each quarter
New initiatives
  • Change and reorganization of reporting segments to enhance business portfolio management
  • Full-scale launch of the Mizugaike Park development project
  • Academic advisory agreement with Osaka Metropolitan University
  • First publication of a DX report and certification as a DX-certified business operator
Key KPIsA metric the company considers important as a management benchmark.
  • Condominium units delivered (real estate development)1,263 units
    Year on year against the same period last year+201 units
  • CCRC units delivered250 units
    Year on year against the same period last year+208 units
  • CCRC units under operation2,631 units
    Year on year against the same period last year+428 units
  • Condominium units under management21,860 units
    Year on year against the same period last year+1,212 units
  • Mid- and high-rise rental apartment buildings sold13 buildings
    Year on year against the same period last year+3 buildings
  • Low-rise rental apartment buildings sold12 buildings
    Year on year against the same period last year+2 buildings
Unit price and quantity metricsThese figures show sales broken down by price and volume.
The presentation shows delivered units of condominiums and senior housing, the number of income-producing real estate properties sold, per-unit prices and gross profit margins. For the fiscal year ending March 2027, the Company plans to deliver 851 condominium units, compared with 1,280 units in the previous fiscal year, and expects higher per-unit prices.
Segment results
Real Estate Development
Net Sales¥63,644 million (up 18.4% year on year)
Gross profit¥12,013 million (down 3.9% year on year)
Operating profit¥2,695 million (down 44.4% year on year)
CCRC
Net Sales¥14,268 million (up 282.9% year on year)
Gross profit¥2,787 million (up 234.8% year on year)
Operating profit¥706 million (prior-year loss of ¥355 million)
Real Estate Investment
Net Sales¥53,794 million (up 94.8% year on year)
Gross profit¥13,658 million (up 103.7% year on year)
Operating profit¥9,505 million (up 115.8% year on year)
Real estate-related services
Net Sales¥8,478 million (up 0.2% year on year)
Gross profit¥2,156 million (up 7.2% year on year)
Operating profit¥541 million (up 34.1% year on year)
Medium-term management plan targets
Cumulative progress against the five-year profit plan under the Second Medium-Term Management Plan is 109% for ordinary profit and 104% for net income attributable to owners of the parent.
Financial targets
ROE15.0% actual for the fiscal year ended March 2026; approximately 13% forecast for the fiscal year ending March 2027
Debt-to-equity ratio1.9x actual for the fiscal year ended March 2026; approximately 2x forecast for the fiscal year ending March 2027
Equity ratio28.0% actual for the fiscal year ended March 2026
Annual Dividend
Fiscal year ending March 2026¥74 per share (interim and year-end breakdown not disclosed)
Forecast for the fiscal year ending March 2027¥75 per share (interim and year-end breakdown: not disclosed)
Payout ratio
Policy40% or more
Fiscal year ending March 202640.1%
Forecast for the fiscal year ending March 202742.6%
DOE
Policy4% or higher
Fiscal year ending March 20266.0%
Forecast for the fiscal year ending March 2027Approximately 5%
Contents of this document
ItemDetails
Document typeEarnings presentation
Fiscal Period CoveredFiscal year ending March 2026, full year
Net Sales¥138,579 million (YoY +50.4%)
Operating profit¥13,800 million (YoY +49.6%)
Ordinary income¥11,820 million (YoY +37.4%)
Net income¥7,129 million (YoY +30.5%)
Gross Profit Margin22.0%
Operating profit margin10.0%
Selling, general and administrative expenses¥16,676 million
Results for the three months of the current quarterNet Sales ¥87,729 million / Gross profit ¥19,622 million / Operating profit ¥13,150 million / Ordinary income ¥12,574 million / Profit attributable to owners of the parent ¥8,098 million
Full-year earnings forecastFiscal Period Covered Fiscal year ending March 2027 / Net Sales ¥127,800 million / Gross profit ¥29,200 million / Operating profit ¥13,900 million / Ordinary income ¥10,800 million / Net income ¥7,200 million
Progress against full-year forecastConsolidated Net Sales 104.6% / Gross profit 105.8% / Operating profit 107.0% / Ordinary income 118.2% / Profit attributable to owners of the parent 109.7% / Real Estate Development Net Sales 103.5% / Gross profit 97.7% / Number of condominium units handed over 99.8% / Detached houses delivered 100.0% / CCRC Net Sales 101.9% / Gross profit 99.5% / Units delivered 99.8% / Real Estate Investment Net Sales 107.6% / Gross profit 114.0% / Real estate-related services Net Sales 98.6% / Gross profit 105.7%
Self-assessment against the planPlan achieved. The real estate investment business finished above plan in both revenue and profit. The number of units delivered in the real estate development business was in line with the initial plan, as was the CCRC business.
Segment resultsReal Estate Development Net Sales ¥63,644 million (up 18.4% year on year) / Gross profit ¥12,013 million (down 3.9% year on year) / Operating profit ¥2,695 million (down 44.4% year on year) / CCRC Net Sales ¥14,268 million (up 282.9% year on year) / Gross profit ¥2,787 million (up 234.8% year on year) / Operating profit ¥706 million (prior-year loss of ¥355 million) / Real Estate Investment Net Sales ¥53,794 million (up 94.8% year on year) / Gross profit ¥13,658 million (up 103.7% year on year) / Operating profit ¥9,505 million (up 115.8% year on year) / Real estate-related services Net Sales ¥8,478 million (up 0.2% year on year) / Gross profit ¥2,156 million (up 7.2% year on year) / Operating profit ¥541 million (up 34.1% year on year)
Breakdown of Factors Affecting the ChangeAnalysis of year-on-year changes in ordinary profit for the fiscal year ending March 2027: real estate development, -¥1,413 million; CCRC, +¥1,512 million; real estate investment, -¥1,358 million; real estate-related services, -¥56 million; consolidation adjustments, +¥38 million; consolidated SG&A expenses, +¥1,376 million; consolidated non-operating income and expenses, -¥1,119 million.
Key KPIsIndicator Condominium units delivered (real estate development) / Value 1,263 units / Year on year against the same period last year +201 units, Indicator CCRC units delivered / Value 250 units / Year on year against the same period last year +208 units, Indicator CCRC units under operation / Value 2,631 units / Year on year against the same period last year +428 units, Indicator Condominium units under management / Value 21,860 units / Year on year against the same period last year +1,212 units, Indicator Mid- and high-rise rental apartment buildings sold / Value 13 buildings / Year on year against the same period last year +3 buildings, Indicator Low-rise rental apartment buildings sold / Value 12 buildings / Year on year against the same period last year +2 buildings
Unit price and quantity metricsThe presentation shows delivered units of condominiums and senior housing, the number of income-producing real estate properties sold, per-unit prices and gross profit margins. For the fiscal year ending March 2027, the Company plans to deliver 851 condominium units, compared with 1,280 units in the previous fiscal year, and expects higher per-unit prices.
Assumptions Underlying the Business OutlookInitial contract progress rate for condominiums and senior housing for the fiscal year ending March 2027: 43.0% (492 units / 1,145 units), Contract progress rate for income-producing real estate for the fiscal year ending March 2027: 6.3% (2 buildings / 32 buildings), Construction of condominiums and senior housing is concentrated in Q4, while income-producing real estate is scheduled for sale in each quarter
Medium-term management plan targetsCumulative progress against the five-year profit plan under the Second Medium-Term Management Plan is 109% for ordinary profit and 104% for net income attributable to owners of the parent.
Financial targetsROE 15.0% actual for the fiscal year ended March 2026; approximately 13% forecast for the fiscal year ending March 2027 / Debt-to-equity ratio 1.9x actual for the fiscal year ended March 2026; approximately 2x forecast for the fiscal year ending March 2027 / Equity ratio 28.0% actual for the fiscal year ended March 2026
Annual DividendFiscal year ending March 2026 ¥74 per share (interim and year-end breakdown not disclosed) / Forecast for the fiscal year ending March 2027 ¥75 per share (interim and year-end breakdown: not disclosed)
Payout ratioPolicy 40% or more / Fiscal year ending March 2026 40.1% / Forecast for the fiscal year ending March 2027 42.6% / DOE Policy 4% or higher / Fiscal year ending March 2026 6.0% / Forecast for the fiscal year ending March 2027 Approximately 5%
New initiativesChange and reorganization of reporting segments to enhance business portfolio management, Full-scale launch of the Mizugaike Park development project, Academic advisory agreement with Osaka Metropolitan University, First publication of a DX report and certification as a DX-certified business operator
Items this document does not state (8)
Number 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.

In the fiscal year ended March 2026, higher numbers of units delivered and properties sold drove profit growth. This absorbed the impact of higher construction costs and increased borrowing-related expenses accompanying higher interest rates. For the fiscal year ending March 2027, the Company expects lower revenue due to a decrease in delivered units of condominiums and senior housing, while anticipating higher per-unit prices and gross profit margins, improved CCRC margins and lower SG&A expenses.

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Presentation Materials for the Fiscal Year Ending March 2026 Results | Hoosiers Holdings Co.,Ltd. (3284) timely disclosure | Komori