Komori
Earnings presentation materials3284Hoosiers Holdings Co.,Ltd.Real Estate

Financial Results Presentation for the Second Quarter of the Fiscal Year Ending March 2027

In the second quarter of the fiscal year ending March 2027, revenue declined slightly year on year, while operating profit improved substantially, driven by the concentration of high-unit-price properties in the first half and higher profit in the real estate investment business. The full-year earnings forecast and annual dividend plan of ¥75 remain unchanged from the start of the fiscal year.

Worth reading
77Important
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
1659
Millions of yen (operating profit)
Wording
Conditional
How definitive the wording is.

Contents of this document

Earnings presentation materialsSecond quarter of the fiscal year ending March 202711 items taken from the company’s own explanation
Financial Results Figures (The key points of this material are explained below)
Net Sales¥33,901 million-2.0%
Operating profit¥1,659 million+403.0%
Ordinary income¥307 million
Net income¥-50 million
Gross Profit Margin26.3 %
Operating profit margin4.9 %
Selling, general and administrative expenses¥7,258 million
Full-year earnings forecast
Net Sales
¥127,800 million
Gross profit
¥29,200 million
Operating profit
¥13,900 million
Ordinary income
¥10,800 million
Profit attributable to owners of the parent
¥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。
Net Sales26.5%
Gross profit30.5%
Operating profit11.9%
Ordinary income2.8%
Real Estate Development_Revenue20.6%
Real Estate Development_Gross Profit21.6%
Real Estate Investment_Revenue30.3%
Real Estate Investment_Gross Profit36.6%
Real Estate-Related Services_Revenue49.3%
Real Estate-Related Services_Gross Profit52.4%
Condominium handovers19.7%
Senior condominium units delivered12.5%
Mid- and high-rise rental apartment buildings sold27.3%
Low-rise rental apartment buildings sold20.0%
What the company explained in this material
Self-assessment against the planThe company's self-assessment against its own plan.
Consolidated interim results are progressing generally as expected
Assumptions Underlying the Business OutlookThe assumptions used by the company in preparing its forecast.
  • Percentage scheduled for delivery or sale in the second half75 Approximately %
  • Contract progress rate for for-sale condominiums and income-producing property sales60 Approximately %
  • Year-end D/E ratio2 approximately ×
New initiatives
  • Promote investment in central Tokyo and major metropolitan areas
  • Develop high-value-added products at Duo Seine Tokyo Giants Town, a senior housing property
  • Expand senior condominiums into major cities outside the Tokyo metropolitan area
  • Develop the soundproof rental condominium product “Duo Flats Higashi-Shinagawa -OTO-”
Key KPIsA metric the company considers important as a management benchmark.
  • Contract progress rate (for-sale condominiums and income-producing property sales, based on revenue)60 Approximately %
  • Contract progress rate for for-sale condominium units78.6 %
  • Contract progress rate for senior condominium units65.2 %
  • Contract progress rate for income-producing property sale contracts31.3 %
  • Condominium units under management26,662 units
    Year on year against the same period last year+1,574.0%
  • Senior condominium units operated2,631 units
    Year on year against the same period last year+428.0%
Unit price and quantity metricsThese figures show sales broken down by price and volume.
  • Condominium handovers168 units
    Year on year against the same period last year-161.0%
  • Senior condominium units delivered36 units
    Year on year against the same period last year+26.0%
  • Mid- and high-rise rental apartment buildings sold6 properties
    Year on year against the same period last year+2.0%
  • Low-rise rental apartment buildings sold2 properties
    Year on year against the same period last year-3.0%
Segment results
Real Estate Development
Net Sales
¥13,986 million-28.8%
Gross profit
¥3,157 million-8.2%
Operating profit
¥-1,107 million
Real Estate Investment
Net Sales
¥15,326 million+46.5%
Gross profit
¥4,354 million+71.2%
Operating profit
¥2,309 million+59.0%
Real estate-related services
Net Sales
¥5,025 million-1.1%
Gross profit
¥1,415 million+12.1%
Operating profit
¥316 million+24.5%
Medium-term management plan targets
Payout ratio of 40% or higher and DOE of 4% or higher (Third Medium-Term Management Plan)
Financial targets
Debt-to-equity ratioMaintain an appropriate D/E ratio of approximately 2x at fiscal year-end
Equity ratio25
Equity ratio unit%
D/E Ratio Actuals2.4
D/E Ratio UnitTimes
Number of employees
Number of Employees924 People
Record date31 March 2026
Annual Dividend
Annual75 yen
Interim37 yen
End of period38 yen
Payout ratio
42.6 %
DOEApproximately 5%
Contents of this document
ItemDetails
Document typeEarnings presentation materials
Fiscal Period CoveredSecond quarter of the fiscal year ending March 2027
Net Sales¥33,901 million (YoY -2.0%)
Operating profit¥1,659 million (YoY +403.0%)
Ordinary income¥307 million
Net income¥-50 million
Gross Profit Margin26.3 %
Operating profit margin4.9 %
Selling, general and administrative expenses¥7,258 million
Full-year earnings forecastNet Sales ¥127,800 million / Gross profit ¥29,200 million / Operating profit ¥13,900 million / Ordinary income ¥10,800 million / Profit attributable to owners of the parent ¥7,200 million
Progress against full-year forecastNet Sales 26.5% / Gross profit 30.5% / Operating profit 11.9% / Ordinary income 2.8% / Real Estate Development_Revenue 20.6% / Real Estate Development_Gross Profit 21.6% / Real Estate Investment_Revenue 30.3% / Real Estate Investment_Gross Profit 36.6% / Real Estate-Related Services_Revenue 49.3% / Real Estate-Related Services_Gross Profit 52.4% / Condominium handovers 19.7% / Senior condominium units delivered 12.5% / Mid- and high-rise rental apartment buildings sold 27.3% / Low-rise rental apartment buildings sold 20.0%
Self-assessment against the planConsolidated interim results are progressing generally as expected
Segment resultsReal Estate Development Net Sales ¥13,986 million (YoY -28.8%) / Gross profit ¥3,157 million (YoY -8.2%) / Operating profit ¥-1,107 million / Real Estate Investment Net Sales ¥15,326 million (YoY +46.5%) / Gross profit ¥4,354 million (YoY +71.2%) / Operating profit ¥2,309 million (YoY +59.0%) / Real estate-related services Net Sales ¥5,025 million (YoY -1.1%) / Gross profit ¥1,415 million (YoY +12.1%) / Operating profit ¥316 million (YoY +24.5%)
Key KPIsIndicator name Contract progress rate (for-sale condominiums and income-producing property sales, based on revenue) / Value 60 Approximately % / Year on year against the same period last year Not disclosed, Indicator name Contract progress rate for for-sale condominium units / Value 78.6 % / Year on year against the same period last year Not disclosed, Indicator name Contract progress rate for senior condominium units / Value 65.2 % / Year on year against the same period last year Not disclosed, Indicator name Contract progress rate for income-producing property sale contracts / Value 31.3 % / Year on year against the same period last year Not disclosed, Indicator name Condominium units under management / Value 26,662 units / Year on year against the same period last year 1,574 units, Indicator name Senior condominium units operated / Value 2,631 units / Year on year against the same period last year 428 units
Unit price and quantity metricsIndicator name Condominium handovers / Value 168 units / Year on year against the same period last year -161 units, Indicator name Senior condominium units delivered / Value 36 units / Year on year against the same period last year 26 units, Indicator name Mid- and high-rise rental apartment buildings sold / Value 6 properties / Year on year against the same period last year 2 properties, Indicator name Low-rise rental apartment buildings sold / Value 2 properties / Year on year against the same period last year -3 properties
Number of employeesNumber of Employees 924 People / Record date 31 March 2026 / Changes and hiring plans during the period Not disclosed
Assumptions Underlying the Business OutlookItem Percentage scheduled for delivery or sale in the second half / Value 75 Approximately %, Item Contract progress rate for for-sale condominiums and income-producing property sales / Value 60 Approximately %, Item Year-end D/E ratio / Value 2 approximately ×
Medium-term management plan targetsPayout ratio of 40% or higher and DOE of 4% or higher (Third Medium-Term Management Plan)
Financial targetsDebt-to-equity ratio Maintain an appropriate D/E ratio of approximately 2x at fiscal year-end / Equity ratio 25 / Equity ratio unit % / D/E Ratio Actuals 2.4 / D/E Ratio Unit Times
Annual DividendAnnual 75 yen / Interim 37 yen / End of period 38 yen
Payout ratio42.6 %
New initiativesPromote investment in central Tokyo and major metropolitan areas, Develop high-value-added products at Duo Seine Tokyo Giants Town, a senior housing property, Expand senior condominiums into major cities outside the Tokyo metropolitan area, Develop the soundproof rental condominium product “Duo Flats Higashi-Shinagawa -OTO-”
Items this document does not state (9)
Results for the three months of the current quarterBreakdown of Factors Affecting the ChangeNumber of stores and locationsRisk 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 real estate investment business, property sales increased year on year, while in the real estate development business, higher unit prices and an improved gross margin contributed to results. Meanwhile, the delivery and sale of some properties were pushed back to the second half, resulting in a slight delay in revenue recognition.

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.
Financial Results Presentation for the Second Quarter of the Fiscal Year Ending March 2027 | Hoosiers Holdings Co.,Ltd. (3284) timely disclosure | Komori