Worth reading
45Recurring
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
35.3
Year-on-year change in operating profit (%)Wording
Conditional
How definitive the wording is.Results for this period
Interim period (second quarter)1 April 2026 to 30 September 2026ConsolidatedJapanese GAAPNet Sales5,480Millions of yenYear on year +8.0%Progress 47.0%
Operating profit572Millions of yenYear on year +35.3%Progress 53.0%
Ordinary income500Millions of yenYear on year +31.8%Progress 50.6%
Net income attributable to owners of the parent312Millions of yenYear on year +31.3%Progress 49.0%
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¥38.84
Financial position at period-end
Total assets32,319Millions of yen
of which net assets 17,464 Millions of yenEquity ratio 54.0%vs. prior year-end +0.1pt
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+450,643
Investment-807,395
Financials-40,621
Net change-397,373
Stacked from zero: upward is an increase in cash, downward a decrease (in Thousands 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 period3,091,513 Thousands of yen
Segment revenue
Real estate and construction business2,786,92550.8%
Real Estate Leasing Business2,061,24037.6%
Asset utilization252,4724.6%
Hotel Business350,8116.4%
Other31,4490.6%
Segment profit
Real estate and construction business111,43315.0%
Real Estate Leasing Business582,50978.2%
Asset utilization7,9541.1%
Hotel Business33,2134.5%
Other9,9271.3%
Outlook and shareholder returns
Full-year earnings forecast
Net Sales11,659 Millions of yen (YoY +0.3%)
Operating profit1,080 Millions of yen (YoY +6.9%)
Ordinary income989 Millions of yen (YoY +7.8%)
Net income637 Millions of yen (YoY +26.2%)
Annual Dividend Forecast35 Yen → 35 Yen（0.0%）
Factors Behind Changes in Business Performance
In response to rising prices, persistently high raw material prices, soaring building material prices, and cautious purchasing behavior driven by concerns over rising home mortgage rates, the company worked to optimize selling prices, manage construction costs, establish joint business agreements, increase rental income, maintain a high occupancy rate, and set appropriate prices and improve comfort.
Disclosure regarding the going concern assumption
None
Change in accounting policy
基準改正に伴う変更 Noneそれ以外の変更 None見積りの変更 None修正再表示 None
Changes in the scope of consolidationNewly included: 0 companies; excluded: 0 companies (interim period)
Material subsequent eventsAt a meeting of the Board of Directors held on 26 October 2026, the company resolved to transfer all shares of its consolidated subsidiary 興國不動産株式会社 to 株式会社三好不動産, and completed the transfer on 29 October of the same year. 興國不動産株式会社 will be excluded from the scope of consolidation from the third-quarter consolidated accounting period, and the transfer price was ¥240 million. The impact on consolidated profit and loss is expected to be immaterial.
Impairment lossNone (impairment losses on property, plant and equipment by reporting segment)
Breakdown of extraordinary income (loss)Extraordinary loss Loss on disposal of fixed assets 4,504 Thousands of yen / Contract termination penalty 22,727 Thousands of yen / Total special losses 27,232 Thousands of yen
Depreciation and amortization255,127 Thousands of yen
Availability of Supplementary Financial Results MaterialsYes
Availability of Financial Results BriefingNone
Issued Shares at Period-End8,063,400
Treasury Shares at Period-End13,234
| Item | Details |
|---|---|
| Fiscal Period Classification | Interim period (second quarter) |
| Accounting standards | Japanese GAAP |
| Consolidated / non-consolidated | Consolidated |
| Period Covered | 1 April 2026 to 30 September 2026 |
| Net Sales | 5,480 Millions of yen (YoY +8.0%) |
| Operating profit | 572 Millions of yen (YoY +35.3%) |
| Ordinary income | 500 Millions of yen (YoY +31.8%) |
| Profit attributable to owners of the parent | 312 Millions of yen (YoY +31.3%) |
| Net income per share | ¥38.84 |
| Equity ratio | End of the current fiscal period 54 / End of previous period 53.9 |
| Total assets | 32,319 Millions of yen |
| Net assets | 17,464 Millions of yen |
| Cash flows from operating activities | 450,643 Thousands of yen |
| Cash flows from investing activities | -807,395 Thousands of yen |
| Cash flows from financing activities | -40,621 Thousands of yen |
| Cash and cash equivalents at end of period | 3,091,513 Thousands of yen |
| Full-year earnings forecast | Net Sales 11,659 Millions of yen (YoY +0.3%) / Operating profit 1,080 Millions of yen (YoY +6.9%) / Ordinary income 989 Millions of yen (YoY +7.8%) / Net income 637 Millions of yen (YoY +26.2%) |
| Annual Dividend Forecast | 35 Yen → 35 Yen（0.0%） |
| Segment revenue | Real estate and construction business 2,786,925 Thousands of yen / Real Estate Leasing Business 2,061,240 Thousands of yen / Asset utilization 252,472 Thousands of yen / Hotel Business 350,811 Thousands of yen / Other 31,449 Thousands of yen |
| Segment profit | Real estate and construction business 111,433 Thousands of yen / Real Estate Leasing Business 582,509 Thousands of yen / Asset utilization 7,954 Thousands of yen / Hotel Business 33,213 Thousands of yen / Other 9,927 Thousands of yen |
| Depreciation and amortization | 255,127 Thousands of yen |
| Impairment loss | None (impairment losses on property, plant and equipment by reporting segment) |
| Breakdown of extraordinary income (loss) | Extraordinary loss Loss on disposal of fixed assets 4,504 Thousands of yen / Contract termination penalty 22,727 Thousands of yen / Total special losses 27,232 Thousands of yen |
| Disclosure regarding the going concern assumption | None |
| Change in accounting policy | Changes due to revisions to standards None / Other changes None / Change in accounting estimate None / Restatement None |
| Changes in the scope of consolidation | Newly included: 0 companies; excluded: 0 companies (interim period) |
| Material subsequent events | At a meeting of the Board of Directors held on 26 October 2026, the company resolved to transfer all shares of its consolidated subsidiary 興國不動産株式会社 to 株式会社三好不動産, and completed the transfer on 29 October of the same year. 興國不動産株式会社 will be excluded from the scope of consolidation from the third-quarter consolidated accounting period, and the transfer price was ¥240 million. The impact on consolidated profit and loss is expected to be immaterial. |
| Availability of Supplementary Financial Results Materials | Yes |
| Availability of Financial Results Briefing | None |
| Issued Shares at Period-End | 8,063,400 |
| Treasury Shares at Period-End | 13,234 |
| Factors Behind Changes in Business Performance | In response to rising prices, persistently high raw material prices, soaring building material prices, and cautious purchasing behavior driven by concerns over rising home mortgage rates, the company worked to optimize selling prices, manage construction costs, establish joint business agreements, increase rental income, maintain a high occupancy rate, and set appropriate prices and improve comfort. |
Items this document does not state (6)
Operating MarginRevision to Earnings ForecastPayout ratioShareholder Return PolicyRegional salesOrders received and order backlog
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 response to soaring building material prices and cautious purchasing behavior driven by concerns over rising home mortgage rates, the company worked to optimize selling prices and manage construction costs. It also pursued joint business agreements for construction contracting projects, increased rental income, maintained a high occupancy rate, and set appropriate prices and improved comfort in its hotel business.
How to read this page
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