Worth reading
57In 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
-34.2
% (year-on-year change in operating profit)Wording
Conditional
How definitive the wording is.Results for this period
Third quarter1 January 2026 to 30 September 2026ConsolidatedJapanese GAAPNet Sales40,928Millions of yenYear on year -12.8%Progress 66.4%
Operating profit4,683Millions of yenYear on year -34.2%Progress 54.5%
Ordinary income3,710Millions of yenYear on year -41.2%Progress 51.3%
Net income attributable to owners of the parent2,320Millions of yenYear on year -44.7%Progress 48.6%
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¥98.58
Financial position at period-end
Total assets106,660Millions of yen
of which net assets 35,460 Millions of yenEquity ratio 33.2%vs. prior year-end -0.3pt
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 Business 38,230 Millions of yen (YoY -14.7%), Rental and other businesses 2,697 Millions of yen (YoY +27.1%)
Segment profitReal Estate Sales Business 5,778 Millions of yen (YoY -32.5%), Rental and other businesses 687 Millions of yen (YoY +30.4%)
Outlook and shareholder returns
Full-year earnings forecast
Net Sales61,599 Millions of yen (YoY -9.8%)
Operating profit8,588 Millions of yen (YoY -22.3%)
Ordinary income7,237 Millions of yen (YoY -27.3%)
Net income4,770 Millions of yen (YoY -28.4%)
Annual Dividend Forecast114 Yen → 104 Yen
Factors Behind Changes in Business Performance
Demand from overseas investors declined in some areas, and sales efforts targeting domestic investors were strengthened. Revenue and profit fell below the year-earlier levels because sales of high-end residential real estate were sluggish and sales of a high-value land project in the same period of the previous year created a difficult comparison.
Disclosure regarding the going concern assumption
No applicable items
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 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 Gain on sale of non-current assets 0 Millions of yen / Extraordinary loss Loss on disposal of fixed assets 4 Millions of yen
Depreciation and amortization983 Millions of yen
Availability of Supplementary Financial Results MaterialsYes
Availability of Financial Results BriefingNone
Issued Shares at Period-End24,361,000 Shares
Treasury Shares at Period-End783,811 Shares
| Item | Details |
|---|---|
| Fiscal Period Classification | Third quarter |
| Accounting standards | Japanese GAAP |
| Consolidated / non-consolidated | Consolidated |
| Period Covered | 1 January 2026 to 30 September 2026 |
| Net Sales | 40,928 Millions of yen (YoY -12.8%) |
| Operating profit | 4,683 Millions of yen (YoY -34.2%) |
| Ordinary income | 3,710 Millions of yen (YoY -41.2%) |
| Profit attributable to owners of the parent | 2,320 Millions of yen (YoY -44.7%) |
| Net income per share | ¥98.58 |
| Equity ratio | End of the current fiscal period 33.2 / End of previous period 33.5 |
| Total assets | 106,660 Millions of yen |
| Net assets | 35,460 Millions of yen |
| Full-year earnings forecast | Net Sales 61,599 Millions of yen (YoY -9.8%) / Operating profit 8,588 Millions of yen (YoY -22.3%) / Ordinary income 7,237 Millions of yen (YoY -27.3%) / Net income 4,770 Millions of yen (YoY -28.4%) |
| Annual Dividend Forecast | 114 Yen → 104 Yen |
| Segment revenue | Real Estate Sales Business 38,230 Millions of yen (YoY -14.7%), Rental and other businesses 2,697 Millions of yen (YoY +27.1%) |
| Segment profit | Real Estate Sales Business 5,778 Millions of yen (YoY -32.5%), Rental and other businesses 687 Millions of yen (YoY +30.4%) |
| Depreciation and amortization | 983 Millions of yen |
| Breakdown of extraordinary income (loss) | Extraordinary income Gain on sale of non-current assets 0 Millions of yen / Extraordinary loss Loss on disposal of fixed assets 4 Millions of yen |
| Disclosure regarding the going concern assumption | No applicable items |
| 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 | New Number of companies 0 / Company name Not disclosed / Excluded Number of companies 0 / Company name Not disclosed |
| Availability of Supplementary Financial Results Materials | Yes |
| Availability of Financial Results Briefing | None |
| Issued Shares at Period-End | 24,361,000 Shares |
| Treasury Shares at Period-End | 783,811 Shares |
| Factors Behind Changes in Business Performance | Demand from overseas investors declined in some areas, and sales efforts targeting domestic investors were strengthened. Revenue and profit fell below the year-earlier levels because sales of high-end residential real estate were sluggish and sales of a high-value land project in the same period of the previous year created a difficult comparison. |
Items this document does not state (12)
Operating MarginCash flows from operating activitiesCash flows from investing activitiesCash flows from financing activitiesCash and cash equivalents at end of periodRevision to Earnings ForecastPayout 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.Revenue and profit fell below the year-earlier levels because sales of high-end residential real estate were sluggish and sales of a high-value land project in the same period of the previous year created a difficult comparison. Demand from overseas investors also declined in some areas.
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.