Worth reading
41Recurring
Scored from 5 of 6 sectionsDirection
Deterioration
Direction inferred from the company’s description.Scale
-8.2
Year-on-year change in revenue (%)Wording
Conditional
How definitive the wording is.Results for this period
Interim period (second quarter)1 April 2026–30 September 2026ConsolidatedJapanese GAAPNet Sales542,523¥ millionYear on year -8.2%Progress 38.8%
Operating profit67,653¥ millionYear on year -14.2%Progress 35.6%
Ordinary income55,168¥ millionYear on year -21.1%Progress 34.3%
Net income attributable to owners of the parent33,011¥ millionYear on year -37.0%Progress 33.0%
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¥46.27
Financial position at period-end
Total assets3,532,707¥ million
of which net assets 940,572 ¥ millionEquity ratio 26.1%vs. prior year-end -0.2pt
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-96,698
Investment-69,826
Financials+125,812
Net change-40,712
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¥139,400 million
Segment revenue
Urban Development Business131,09624.2%
Strategic Investment Business46,7658.6%
Management and Operations Business180,22933.2%
Real Estate Distribution Business184,43134.0%
Segment profit
Urban Development Business17,526
Strategic Investment Business-643
Management and Operations Business25,569
Real Estate Distribution Business31,191
Outlook and shareholder returns
Full-year earnings forecast
Net Sales¥1,400,000 million (YoY +12.4%)
Operating profit¥190,000 million (YoY +13.9%)
Ordinary income¥161,000 million (YoY +8.9%)
Net income¥100,000 million (YoY +3.4%)
Revision to Earnings ForecastNo change
Annual Dividend Forecast¥48 → ¥50
Disclosure regarding the going concern assumption
No matters to report.
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 consolidationNo change (the number and names of companies added to or removed from the scope of consolidation are Not disclosed)
Breakdown of extraordinary income (loss)Extraordinary income Not applicable / Extraordinary loss Loss on sales of shares in affiliates ¥12 million
Depreciation and amortization¥33,917 million
Availability of Supplementary Financial Results MaterialsAvailable
Availability of Financial Results BriefingYes (for institutional investors and analysts)
Issued Shares at Period-End719,830,974
Treasury Shares at Period-End5,562,405
| Item | Details |
|---|---|
| Fiscal Period Classification | Interim period (second quarter) |
| Accounting standards | Japanese GAAP |
| Consolidated / non-consolidated | Consolidated |
| Period Covered | 1 April 2026–30 September 2026 |
| Net Sales | ¥542,523 million (YoY -8.2%) |
| Operating profit | ¥67,653 million (YoY -14.2%) |
| Ordinary income | ¥55,168 million (YoY -21.1%) |
| Profit attributable to owners of the parent | ¥33,011 million (YoY -37.0%) |
| Net income per share | ¥46.27 |
| Equity ratio | End of the current fiscal period 26.1 / End of previous period 26.3 |
| Total assets | ¥3,532,707 million |
| Net assets | ¥940,572 million |
| Cash flows from operating activities | ¥-96,698 million |
| Cash flows from investing activities | ¥-69,826 million |
| Cash flows from financing activities | ¥125,812 million |
| Cash and cash equivalents at end of period | ¥139,400 million |
| Full-year earnings forecast | Net Sales ¥1,400,000 million (YoY +12.4%) / Operating profit ¥190,000 million (YoY +13.9%) / Ordinary income ¥161,000 million (YoY +8.9%) / Net income ¥100,000 million (YoY +3.4%) |
| Revision to Earnings Forecast | No change |
| Annual Dividend Forecast | ¥48 → ¥50 |
| Segment revenue | Urban Development Business ¥131,096 million / Strategic Investment Business ¥46,765 million / Management and Operations Business ¥180,229 million / Real Estate Distribution Business ¥184,431 million |
| Segment profit | Urban Development Business ¥17,526 million / Strategic Investment Business ¥-643 million / Management and Operations Business ¥25,569 million / Real Estate Distribution Business ¥31,191 million |
| Depreciation and amortization | ¥33,917 million |
| Breakdown of extraordinary income (loss) | Extraordinary income Not applicable / Extraordinary loss Loss on sales of shares in affiliates ¥12 million |
| Disclosure regarding the going concern assumption | No matters to report. |
| 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 | No change (the number and names of companies added to or removed from the scope of consolidation are Not disclosed) |
| Availability of Supplementary Financial Results Materials | Available |
| Availability of Financial Results Briefing | Yes (for institutional investors and analysts) |
| Issued Shares at Period-End | 719,830,974 |
| Treasury Shares at Period-End | 5,562,405 |
Items this document does not state (8)
Operating MarginPayout ratioShareholder Return PolicyRegional salesOrders received and order backlogImpairment lossMaterial subsequent eventsFactors Behind Changes in Business Performance
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.This earnings report does not explain the reasons for changes in performance and instead directs readers to the “Second Quarter Summary of Results for the Fiscal Year Ending March 2027.”
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.