Komori
Earnings3299MUGEN ESTATE Co.,Ltd.Real Estate

Summary of Financial Results for the Second Quarter (Interim Period) of the Fiscal Year Ending December 2026 [Japanese GAAP] (Consolidated)

In the interim period of 2026, net sales declined 18.8% year on year and operating profit declined 49.4%, with the decline in profit outpacing the decline in net sales. Full-year net sales and operating profit forecasts were also revised to levels below the previous fiscal year's actual results, and the annual dividend forecast was reduced from ¥114 to ¥104.

Worth reading
70In focus
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
-18.8
% (year-on-year change in revenue)
Wording
Conditional
How definitive the wording is.

Results for this period

Interim period (second quarter)1 January 2026–30 June 2026ConsolidatedJapanese GAAP
Net Sales26,743¥ millionYear on year -18.8%Progress 43.4%
Operating profit2,773¥ millionYear on year -49.4%Progress 32.3%
Ordinary income2,142¥ millionYear on year -56.6%Progress 29.6%
Net income attributable to owners of the parent1,320¥ millionYear on year -60.2%Progress 27.7%

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¥56.14
Financial position at period-end
Total assets110,277¥ million
of which net assets 35,690 ¥ millionEquity ratio 32.3%vs. prior year-end -1.2pt

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-4,237
Investment-715
Financials+2,401
Net change-2,551

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¥16,622 million
Segment revenueReal Estate Sales ¥24,965 million (YoY -20.9%), Rental and other businesses ¥1,777 million (YoY +30.1%)
Segment profitReal Estate Sales ¥3,522 million (YoY -44.3%), Rental and other businesses ¥456 million (YoY +21.9%)
Outlook and shareholder returns
Full-year earnings forecast
Net Sales¥61,599 million (YoY -9.8%)
Operating profit¥8,588 million (YoY -22.3%)
Ordinary income¥7,237 million (YoY -27.3%)
Net income¥4,770 million (YoY -28.4%)
Revision to Earnings ForecastNet Sales Not disclosed → ¥61,599 million / Operating profit Not disclosed → ¥8,588 million / Ordinary income Not disclosed → ¥7,237 million / Net income Not disclosed → ¥4,770 million
Annual Dividend Forecast¥114 → ¥104(-8.8%)
Factors Behind Changes in Business Performance

Although the Company strengthened sales activities targeting domestic investors in response to weaker demand from overseas investors, their contribution to results during the interim period was limited. Sales of high-priced properties remained sluggish in the residential real estate business, whose main buyers were affluent individuals in Japan and overseas.

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 None / Excluded None / Company name None
Breakdown of extraordinary income (loss)Extraordinary income Not disclosed / Extraordinary loss Loss on Disposal of Fixed Assets ¥4 million
Depreciation and amortization¥639 million
Availability of Supplementary Financial Results MaterialsYes
Availability of Financial Results BriefingAvailable (for securities analysts and institutional investors)
Issued Shares at Period-End24,361,000
Treasury Shares at Period-End782,611
Results for this period
ItemDetails
Fiscal Period ClassificationInterim period (second quarter)
Accounting standardsJapanese GAAP
Consolidated / non-consolidatedConsolidated
Period Covered1 January 2026–30 June 2026
Net Sales¥26,743 million (YoY -18.8%)
Operating profit¥2,773 million (YoY -49.4%)
Ordinary income¥2,142 million (YoY -56.6%)
Profit attributable to owners of the parent¥1,320 million (YoY -60.2%)
Net income per share¥56.14
Equity ratioEnd of the current fiscal period 32.3 / End of previous period 33.5
Total assets¥110,277 million
Net assets¥35,690 million
Cash flows from operating activities¥-4,237 million
Cash flows from investing activities¥-715 million
Cash flows from financing activities¥2,401 million
Cash and cash equivalents at end of period¥16,622 million
Full-year earnings forecastNet Sales ¥61,599 million (YoY -9.8%) / Operating profit ¥8,588 million (YoY -22.3%) / Ordinary income ¥7,237 million (YoY -27.3%) / Net income ¥4,770 million (YoY -28.4%)
Revision to Earnings ForecastNet Sales Not disclosed → ¥61,599 million / Operating profit Not disclosed → ¥8,588 million / Ordinary income Not disclosed → ¥7,237 million / Net income Not disclosed → ¥4,770 million
Annual Dividend Forecast¥114 → ¥104(-8.8%)
Segment revenueReal Estate Sales ¥24,965 million (YoY -20.9%), Rental and other businesses ¥1,777 million (YoY +30.1%)
Segment profitReal Estate Sales ¥3,522 million (YoY -44.3%), Rental and other businesses ¥456 million (YoY +21.9%)
Depreciation and amortization¥639 million
Breakdown of extraordinary income (loss)Extraordinary income Not disclosed / Extraordinary loss Loss on Disposal of Fixed Assets ¥4 million
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 None / Excluded None / Company name None
Availability of Supplementary Financial Results MaterialsYes
Availability of Financial Results BriefingAvailable (for securities analysts and institutional investors)
Issued Shares at Period-End24,361,000
Treasury Shares at Period-End782,611
Factors Behind Changes in Business PerformanceAlthough the Company strengthened sales activities targeting domestic investors in response to weaker demand from overseas investors, their contribution to results during the interim period was limited. Sales of high-priced properties remained sluggish in the residential real estate business, whose main buyers were affluent individuals in Japan and overseas.
Items this document does not state (7)
Operating MarginPayout 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.

Although the effects of increased sales activities targeting domestic investors in response to weaker demand from overseas investors are gradually emerging, their contribution to results during the interim period was limited. In addition, sales of high-priced properties remained sluggish in the residential real estate business, whose main buyers were affluent individuals in Japan and overseas.

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.
Summary of Financial Results for the Second Quarter (Interim Period) of the Fiscal Year Ending December 2026 [Japanese GAAP] (Consolidated) | MUGEN ESTATE Co.,Ltd. (3299) timely disclosure | Komori