Results for this period
First quarter1 January 2026–31 March 2026ConsolidatedJapanese GAAPThe 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.
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.
In the real estate investment and development business, the closing of a large-scale project in Shibuya, Tokyo, made a significant contribution to results, while the concentration of acquisitions in, and careful selection of, properties in exceptionally prime locations kept profit margins on sales at a high level. The real estate consulting business recorded lower revenue and profit due to declines in the number of closings, contracts and handovers. The real estate management business recorded higher revenue and profit, mainly due to an increase in the number of property management mandates, greater demand to correct gaps between rents, and an increase in mandates for success-fee-based consulting.
No applicable matters
| Item | Details |
|---|---|
| Fiscal Period Classification | First quarter |
| Accounting standards | Japanese GAAP |
| Consolidated / non-consolidated | Consolidated |
| Period Covered | 1 January 2026–31 March 2026 |
| Net Sales | 11,749 million yen (YoY +112.1%) |
| Operating profit | 3,691 million yen (YoY +154.7%) |
| Ordinary income | 3,340 million yen (YoY +161.9%) |
| Profit attributable to owners of the parent | 2,476 million yen (YoY +202.4%) |
| Net income per share | ¥132.86 |
| Equity ratio | End of the current fiscal period 21.0% / End of previous period 19.7% |
| Total assets | 100,668 million yen |
| Net assets | 21,175 million yen |
| Full-year earnings forecast | Net Sales Not disclosed / Operating profit 8,400 million yen (YoY +10.8%) / Ordinary income 7,200 million yen (YoY +11.6%) / Profit attributable to owners of the parent 5,000 million yen (YoY +13.1%) |
| Revision to Earnings Forecast | No (unchanged) |
| Annual Dividend Forecast | 73 yen → 80 yen（+9.6%） |
| Segment revenue | Real estate investment and development business 10,032 million yen (YoY +160.8%), Real estate consulting business 341 million yen (YoY -42.0%), Real estate management business 1,376 million yen (YoY +24.7%) |
| Segment profit | Real estate investment and development business 3,470 million yen (YoY +256.3%), Real estate consulting business 143 million yen (YoY -42.4%), Real estate management business 688 million yen (YoY +24.0%) |
| Depreciation and amortization | 85 million yen |
| Disclosure regarding the going concern assumption | No applicable matters |
| 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 | New Number of companies 0 / Company name Not disclosed / Excluded Number of companies 0 / Company name Not disclosed |
| Availability of Supplementary Financial Results Materials | No |
| Availability of Financial Results Briefing | None (対象者：Not disclosed) |
| Issued Shares at Period-End | 20,032,400 shares |
| Treasury Shares at Period-End | 1,366,662 shares |
| Factors Behind Changes in Business Performance | In the real estate investment and development business, the closing of a large-scale project in Shibuya, Tokyo, made a significant contribution to results, while the concentration of acquisitions in, and careful selection of, properties in exceptionally prime locations kept profit margins on sales at a high level. The real estate consulting business recorded lower revenue and profit due to declines in the number of closings, contracts and handovers. The real estate management business recorded higher revenue and profit, mainly due to an increase in the number of property management mandates, greater demand to correct gaps between rents, and an increase in mandates for success-fee-based consulting. |
Items this document does not state (12)
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 closing of a large-scale project in Shibuya, Tokyo, in the real estate investment and development business made a significant contribution to results. The main factors were the high level of profit margins on property sales, supported by concentrating acquisitions on, and carefully selecting properties in, exceptionally prime locations.