Worth reading
43Recurring
0–100. This measures how worthwhile something is to read, not how good or bad the company is.Direction
Improvement
Direction inferred from the company’s description.Scale
14.4
% (year-on-year change in operating income)Wording
Conditional
How definitive the wording is.Results for this period
Interim period (second quarter)1 October 2025–31 March 2026ConsolidatedJapanese GAAPNet Sales689,176Millions of yenYear on year +7.1%Progress 45.9%
Operating profit84,398Millions of yenYear on year +14.4%Progress 46.9%
Ordinary income81,459Millions of yenYear on year +13.8%Progress 47.9%
Net income attributable to owners of the parent57,017Millions of yenYear on year +22.4%
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¥508.59
Financial position at period-end
Total assets1,509,665Millions of yen
of which net assets 583,126 Millions of yenEquity ratio 38.5%vs. prior year-end +0.4pt
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-37,155
Investment-28,536
Financials+42,845
Net change-22,846
Stacked from zero: upward is an increase in cash, downward a decrease (in Millions of yen).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 period387,562 Millions of yen
Segment revenueDetached-home-related business 380,930 Millions of yen (YoY +5.5%), Condominium Business 26,048 Millions of yen (YoY +331.4%), Income-producing real estate business 113,358 Millions of yen (YoY +18.2%), Other 71,278 Millions of yen (YoY -2.8%), プレサンス 97,551 Millions of yen (YoY -9.0%)
Segment profitDetached-home-related business 43,118 Millions of yen (YoY +5.3%), Condominium Business 4,451 Millions of yen, Income-producing real estate business 13,251 Millions of yen (YoY +21.1%), Other 8,175 Millions of yen (YoY -8.7%), プレサンス 14,222 Millions of yen (YoY +0.3%)
Outlook and shareholder returns
Full-year earnings forecast
Net Sales1,485,000〜1,500,000
Operating profit176,500〜180,000
Ordinary income167,000〜170,000
Profit attributable to owners of the parent116,500〜118,500
Revision to Earnings ForecastNet Sales Not disclosed → 1,485,000–1,500,000 (year-on-year change of 11.1%–12.2%) / Operating profit Not disclosed → 176,500–180,000 (year-on-year change of 20.9%–23.3%) / Ordinary income Not disclosed → 167,000–170,000 (year-on-year change of 19.7%–21.9%) / Profit attributable to owners of the parent Not disclosed → 116,500–118,500 (year-on-year change of 15.7%–17.7%)
Annual Dividend Forecast¥178 → ¥200
Factors Behind Changes in Business Performance
Demand for detached homes in urban areas, strong sales contracts, strong demand for income-producing real estate, steady progress in condominium sales contracts, investment demand for U.S. real estate, and a focus on sales across each business
Disclosure regarding the going concern assumption
Not applicable.
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 (no company names provided) / Excluded 0 companies (no company names provided)
Material subsequent eventsNot applicable.
Breakdown of extraordinary income (loss)Special gain: “–” for the interim period; no special loss was recorded
Depreciation and amortization977 Millions of yen
Availability of Supplementary Financial Results MaterialsYes
Availability of Financial Results BriefingAvailable (institutional investors and analysts)
Issued Shares at Period-End116,735,700 shares
Treasury Shares at Period-End5,217,677 shares
| Item | Details |
|---|---|
| Fiscal Period Classification | Interim period (second quarter) |
| Accounting standards | Japanese GAAP |
| Consolidated / non-consolidated | Consolidated |
| Period Covered | 1 October 2025–31 March 2026 |
| Net Sales | 689,176 Millions of yen (YoY +7.1%) |
| Operating profit | 84,398 Millions of yen (YoY +14.4%) |
| Ordinary income | 81,459 Millions of yen (YoY +13.8%) |
| Profit attributable to owners of the parent | 57,017 Millions of yen (YoY +22.4%) |
| Net income per share | ¥508.59 |
| Equity ratio | End of the current fiscal period 38.5 / End of previous period 38.1 |
| Total assets | 1,509,665 Millions of yen |
| Net assets | 583,126 Millions of yen |
| Cash flows from operating activities | -37,155 Millions of yen |
| Cash flows from investing activities | -28,536 Millions of yen |
| Cash flows from financing activities | 42,845 Millions of yen |
| Cash and cash equivalents at end of period | 387,562 Millions of yen |
| Full-year earnings forecast | Net Sales 1,485,000〜1,500,000 / Operating profit 176,500〜180,000 / Ordinary income 167,000〜170,000 / Profit attributable to owners of the parent 116,500〜118,500 |
| Revision to Earnings Forecast | Net Sales Not disclosed → 1,485,000–1,500,000 (year-on-year change of 11.1%–12.2%) / Operating profit Not disclosed → 176,500–180,000 (year-on-year change of 20.9%–23.3%) / Ordinary income Not disclosed → 167,000–170,000 (year-on-year change of 19.7%–21.9%) / Profit attributable to owners of the parent Not disclosed → 116,500–118,500 (year-on-year change of 15.7%–17.7%) |
| Annual Dividend Forecast | ¥178 → ¥200 |
| Segment revenue | Detached-home-related business 380,930 Millions of yen (YoY +5.5%), Condominium Business 26,048 Millions of yen (YoY +331.4%), Income-producing real estate business 113,358 Millions of yen (YoY +18.2%), Other 71,278 Millions of yen (YoY -2.8%), プレサンス 97,551 Millions of yen (YoY -9.0%) |
| Segment profit | Detached-home-related business 43,118 Millions of yen (YoY +5.3%), Condominium Business 4,451 Millions of yen, Income-producing real estate business 13,251 Millions of yen (YoY +21.1%), Other 8,175 Millions of yen (YoY -8.7%), プレサンス 14,222 Millions of yen (YoY +0.3%) |
| Depreciation and amortization | 977 Millions of yen |
| Breakdown of extraordinary income (loss) | Special gain: “–” for the interim period; no special loss was recorded |
| Disclosure regarding the going concern assumption | Not applicable. |
| 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 (no company names provided) / Excluded 0 companies (no company names provided) |
| Material subsequent events | Not applicable. |
| Availability of Supplementary Financial Results Materials | Yes |
| Availability of Financial Results Briefing | Available (institutional investors and analysts) |
| Issued Shares at Period-End | 116,735,700 shares |
| Treasury Shares at Period-End | 5,217,677 shares |
| Factors Behind Changes in Business Performance | Demand for detached homes in urban areas, strong sales contracts, strong demand for income-producing real estate, steady progress in condominium sales contracts, investment demand for U.S. real estate, and a focus on sales across each business |
Items this document does not state (6)
Operating MarginPayout ratioShareholder Return PolicyRegional salesOrders received and order backlogImpairment loss
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.Demand for detached homes remained strong in urban areas, and sales contracts that will lead to future deliveries also remained strong. Performance in the income-producing real estate business improved against a backdrop of strong demand for rental apartments and office buildings, while sales contracts progressed steadily in the condominium business. In Other, the company focused on sales against a backdrop of investment demand for U.S. real estate, while プレサンス focused on sales of investment and family condominiums. The full-year earnings forecasts have been revised based on recent business performance trends and other factors.
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.