Komori
Earnings3299MUGEN ESTATE Co.,Ltd.Real Estate

Flash Report for the First Quarter of the Fiscal Year Ending December 2026 [Japanese GAAP] (Consolidated)

In the first quarter of FY2026 ending December 2026, revenue decreased 27.0% year on year and operating profit decreased 66.0%, while net income also declined substantially. The full-year earnings forecast and dividend forecast remain unchanged.

Worth reading
52Recurring
0–100. This measures how worthwhile something is to read, not how good or bad the company is.
Direction
Deterioration
Direction inferred from the company’s description.
Scale
-66
Year-on-year change in operating profit (%)
Wording
Conditional
How definitive the wording is.

Results for this period

First quarter1 January 2026–31 March 2026ConsolidatedJapanese GAAP
Net Sales12,523¥ millionYear on year -27.0%Progress 15.8%
Operating profit1,014¥ millionYear on year -66.0%Progress 8.2%
Ordinary income731¥ millionYear on year -72.5%Progress 6.6%
Net income attributable to owners of the parent440¥ millionYear on year -75.5%Progress 5.8%

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¥18.76
Financial position at period-end
Total assets108,443¥ million
of which net assets 34,617 ¥ millionEquity ratio 31.8%vs. prior year-end -1.7pt

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.

Segment revenueReal Estate Sales ¥11,661 million (YoY -29.3%), Rental and other businesses ¥862 million (YoY +32.9%)
Segment profitReal Estate Sales ¥1,436 million (YoY -57.7%), Rental and other businesses ¥222 million (YoY +13.8%)
Outlook and shareholder returns
Full-year earnings forecast
Net Sales¥79,286 million (YoY +16.1%)
Operating profit¥12,398 million (YoY +12.2%)
Ordinary income¥11,058 million (YoY +11.1%)
Net income¥7,595 million (YoY +14.1%)
Revision to Earnings ForecastNo revision
Annual Dividend Forecast¥114 → ¥130
Factors Behind Changes in Business Performance

Revenue and profit from the real estate purchase-and-resale business declined substantially year on year due to some weakness in demand from overseas investors, sluggish sales of large properties, and sluggish sales of high-priced properties in residential real estate. In investment real estate, the average selling price rose as sales of whole-building properties increased.

Disclosure regarding the going concern assumption

No applicable matters

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 Number of companies 0 / Company name Not disclosed / Excluded Number of companies 0 / Company name Not disclosed
Breakdown of extraordinary income (loss)Extraordinary income Not disclosed / Extraordinary loss -
Depreciation and amortization¥314 million
Availability of Supplementary Financial Results MaterialsYes
Availability of Financial Results BriefingNone (対象者:Not disclosed)
Issued Shares at Period-End24,361,000
Treasury Shares at Period-End866,251
Results for this period
ItemDetails
Fiscal Period ClassificationFirst quarter
Accounting standardsJapanese GAAP
Consolidated / non-consolidatedConsolidated
Period Covered1 January 2026–31 March 2026
Net Sales¥12,523 million (YoY -27.0%)
Operating profit¥1,014 million (YoY -66.0%)
Ordinary income¥731 million (YoY -72.5%)
Profit attributable to owners of the parent¥440 million (YoY -75.5%)
Net income per share¥18.76
Equity ratioEnd of the current fiscal period 31.8 / End of previous period 33.5
Total assets¥108,443 million
Net assets¥34,617 million
Full-year earnings forecastNet Sales ¥79,286 million (YoY +16.1%) / Operating profit ¥12,398 million (YoY +12.2%) / Ordinary income ¥11,058 million (YoY +11.1%) / Net income ¥7,595 million (YoY +14.1%)
Revision to Earnings ForecastNo revision
Annual Dividend Forecast¥114 → ¥130
Segment revenueReal Estate Sales ¥11,661 million (YoY -29.3%), Rental and other businesses ¥862 million (YoY +32.9%)
Segment profitReal Estate Sales ¥1,436 million (YoY -57.7%), Rental and other businesses ¥222 million (YoY +13.8%)
Depreciation and amortization¥314 million
Breakdown of extraordinary income (loss)Extraordinary income Not disclosed / Extraordinary loss -
Disclosure regarding the going concern assumptionNo applicable matters
Change in accounting policyChanges due to revisions to standards No / Other changes No / Change in accounting estimate No / Restatement No
Changes in the scope of consolidationNew Number of companies 0 / Company name Not disclosed / Excluded Number of companies 0 / Company name Not disclosed
Availability of Supplementary Financial Results MaterialsYes
Availability of Financial Results BriefingNone (対象者:Not disclosed)
Issued Shares at Period-End24,361,000
Treasury Shares at Period-End866,251
Factors Behind Changes in Business PerformanceRevenue and profit from the real estate purchase-and-resale business declined substantially year on year due to some weakness in demand from overseas investors, sluggish sales of large properties, and sluggish sales of high-priced properties in residential real estate. In investment real estate, the average selling price rose as sales of whole-building properties increased.
Items this document does not state (11)
Operating MarginCash flows from operating activitiesCash flows from investing activitiesCash flows from financing activitiesCash and cash equivalents at end of periodPayout ratioShareholder Return PolicyRegional salesOrders received and order backlogImpairment lossMaterial subsequent events

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.

The main factors were some weakness in demand from overseas investors and sluggish sales of large properties. In residential real estate, sales of high-priced properties remained sluggish, while in investment real estate, the average selling price rose as sales of whole-building properties increased.

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Corrections happenIf the company reissues this disclosure, the page is rebuilt from the corrected version and the revision number moves up.
Flash Report for the First Quarter of the Fiscal Year Ending December 2026 [Japanese GAAP] (Consolidated) | MUGEN ESTATE Co.,Ltd. (3299) timely disclosure | Komori