Worth reading
60In 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
1500
JPY million (year-on-year decrease in operating profit)Wording
Avoiding a definitive answer
How definitive the wording is.Contents of this document
Presentation materials for financial resultsFiscal year ending June 202613 items taken from the company’s own explanation
Financial Results Figures (The key points of this material are explained below)
Net Sales¥49,617 million-23.4%
Operating profit¥1,120 million-57.3%
Ordinary income¥1,120 million-61.9%
Net income¥1,452 million -38.0%net income attributable to owners of the parent
Gross Profit Margin21.7 %
Operating profit margin2.3 %
Selling, general and administrative expenses¥9,651 million
Full-year earnings forecast
Fiscal year ending June 2027
Net Sales
¥45,000 million
Operating profit
¥1,400 million
Ordinary income
¥1,350 million
Profit before income taxes
¥1,350 million
Net income for the current fiscal year
¥891 million
Earnings per share
¥44.62
Dividend per share
¥46
What the company explained in this material
Self-assessment against the planThe company's self-assessment against its own plan.
Finished below the initial planBreakdown of Factors Affecting the ChangeReasons cited by the Company for the change in the figures.
- Some transfers to the HLB Fund were not completed
- Disposal of long-stagnant inventory
- Carryover of large projects
- Additional investment in personnel to secure the target headcount
- Purchasing and inventory buildup postponed due to personnel retention and development
Assumptions Underlying the Business OutlookThe assumptions used by the company in preparing its forecast.
Risks such as interest rates and foreign exchange fluctuations are mentioned, but numerical assumptions underlying the outlook are not disclosedNew initiatives
- Continue investing in personnel for the real estate sales business
- Focus franchise business promotions on selected priority areas in urban markets
- Develop partners for consumer and business-purpose financing in the financial business
- Improve inventory turnover, focusing on used homes and small projects
Key KPIsA metric the company considers important as a management benchmark.
- Average number of sales personnel in the real estate sales business during the period91.1 PeopleSame-period previous-year figure59.3Year on year against the same period last yearIncreased
- Percentage of revenue from used homes31.7 %Same-period previous-year figure29
- Number of acquisition contractsYear-on-year (%)16.5
- Reverse mortgage guarantee balance¥35,344 millionYear-on-year increase7,160
- Number of new guaranteesYear-on-year (%)1.8
- Amount of new guarantees¥513 millionYear-on-year (%)8.9
- Number of purchase contracts for used homesYear on year against the same period last yearIncreased
Segment results
Franchise Business
Net Sales
¥3,324 million
Year-on-Year Change in Revenue (%)3.5
Operating profit
¥1,928 million
Operating profit year-on-year_pct0.4
Real Estate Sales
Net Sales
¥35,246 million
Year-on-Year Change in Revenue (%)-10.8
Operating profit
¥1,713 million
Operating profit year-on-year_pct-32.7
Financial Business
Net Sales
¥641 million
Year-on-Year Change in Revenue (%)13.8
Operating profit
¥262 million
Operating profit year-on-year_pct46.3
House Leaseback Business
Net Sales
¥9,595 million
Year-on-Year Change in Revenue (%)-50.7
Operating profit
¥889 million
Operating profit year-on-year_pct-60.7
Other
Net Sales
¥1,011 million
Year-on-Year Change in Revenue (%)-54
Operating profit
¥5 million
Operating profit year-on-year_pct-97.9
Medium-term management plan targets
PeriodFiscal years ending June 2026 to June 2030
Net Sales
Fiscal year ending June 2030800 Hundreds of millions of yen
Ordinary income
Fiscal year ending June 203053 Hundreds of millions of yen
Compound annual growth rate of ordinary profit
22.1 %
ROIC
6 % or higher
Target fiscal yearFiscal year ending June 2030
Financial targets
ROIC
Target6
Target unit% or higher
Actual results for the fiscal year ended June 20261.2
Results unit%
ROE
Actual results for the fiscal year ended June 20267.8 %
Debt-to-equity ratio
Actual results for the fiscal year ended June 20262.3 times
Equity ratio
Actual results for the fiscal year ended June 202628 %
Market Size / Share
Used-home distribution share
201514.5 %
202016.5 %
202519.9 %
203022.8 %
203526.3 %
Number of stores and locations
Cumulative number of franchise locations
733 Location
Change from the end of the previous fiscal year8
Cumulative number of stores opened
637 Location
Change from the end of the previous fiscal year13
Number of new franchise stores
121 Location
Year-on-year (%)-3.2
Number of newly opened stores
111 Location
Year-on-year (%)32.1
Number of employees
Sales personnel in the real estate sales business
91.1 People average during the period
Same-period previous-year figure59.3
Annual Dividend
Fiscal year ending June 2026
¥46 per share
Forecast for the fiscal year ending June 2027
¥46 per share
Payout ratio
Fiscal year ending June 202663.2 %
Forecast for the fiscal year ending June 2027103.1 %
| Item | Details |
|---|---|
| Document type | Presentation materials for financial results |
| Fiscal Period Covered | Fiscal year ending June 2026 |
| Net Sales | ¥49,617 million (YoY -23.4%) |
| Operating profit | ¥1,120 million (YoY -57.3%) |
| Ordinary income | ¥1,120 million (YoY -61.9%) |
| Net income | ¥1,452 million (net income attributable to owners of the parent) (YoY -38.0%) |
| Gross Profit Margin | 21.7 % |
| Operating profit margin | 2.3 % |
| Selling, general and administrative expenses | ¥9,651 million |
| Full-year earnings forecast | Subject Fiscal year ending June 2027 / Net Sales ¥45,000 million / Operating profit ¥1,400 million / Ordinary income ¥1,350 million / Profit before income taxes ¥1,350 million / Net income for the current fiscal year ¥891 million / Earnings per share ¥44.62 / Dividend per share ¥46 |
| Self-assessment against the plan | Finished below the initial plan |
| Segment results | Franchise Business Net Sales ¥3,324 million / Year-on-Year Change in Revenue (%) 3.5 / Operating profit ¥1,928 million / Operating profit year-on-year_pct 0.4 / Real Estate Sales Net Sales ¥35,246 million / Year-on-Year Change in Revenue (%) -10.8 / Operating profit ¥1,713 million / Operating profit year-on-year_pct -32.7 / Financial Business Net Sales ¥641 million / Year-on-Year Change in Revenue (%) 13.8 / Operating profit ¥262 million / Operating profit year-on-year_pct 46.3 / House Leaseback Business Net Sales ¥9,595 million / Year-on-Year Change in Revenue (%) -50.7 / Operating profit ¥889 million / Operating profit year-on-year_pct -60.7 / Other Net Sales ¥1,011 million / Year-on-Year Change in Revenue (%) -54 / Operating profit ¥5 million / Operating profit year-on-year_pct -97.9 |
| Breakdown of Factors Affecting the Change | Some transfers to the HLB Fund were not completed, Disposal of long-stagnant inventory, Carryover of large projects, Additional investment in personnel to secure the target headcount, Purchasing and inventory buildup postponed due to personnel retention and development |
| Key KPIs | Indicator name Average number of sales personnel in the real estate sales business during the period / Value 91.1 People / Same-period previous-year figure 59.3 People / Year on year against the same period last year Increased, Indicator name Percentage of revenue from used homes / Value 31.7 % / Same-period previous-year figure 29 %, Indicator name Number of acquisition contracts / Value Not disclosed / Year-on-year (%) 16.5 sites, Indicator name Reverse mortgage guarantee balance / Value ¥35,344 million / Year-on-year increase ¥7,160 million, Indicator name Number of new guarantees / Value Not disclosed / Year-on-year (%) 1.8 Engagements, Indicator name Amount of new guarantees / Value ¥513 million / Year-on-year (%) ¥8.9 million, Indicator name Number of purchase contracts for used homes / Value Not disclosed / Year on year against the same period last year Increased |
| Number of stores and locations | Cumulative number of franchise locations 733 Location / Cumulative number of stores opened 637 Location / Number of new franchise stores 121 Location / Number of newly opened stores 111 Location |
| Number of employees | Sales personnel in the real estate sales business 91.1 People (average during the period) / Hiring plan Not disclosed |
| Assumptions Underlying the Business Outlook | Risks such as interest rates and foreign exchange fluctuations are mentioned, but numerical assumptions underlying the outlook are not disclosed |
| Medium-term management plan targets | Period Fiscal years ending June 2026 to June 2030 / Net Sales Fiscal year ending June 2030 800 Hundreds of millions of yen / Ordinary income Fiscal year ending June 2030 53 Hundreds of millions of yen / Compound annual growth rate of ordinary profit 22.1 % / ROIC 6 % or higher |
| Financial targets | ROIC Target 6 / Target unit % or higher / Actual results for the fiscal year ended June 2026 1.2 / Results unit % / ROE Actual results for the fiscal year ended June 2026 7.8 % / Debt-to-equity ratio Actual results for the fiscal year ended June 2026 2.3 times / Equity ratio Actual results for the fiscal year ended June 2026 28 % |
| Annual Dividend | Fiscal year ending June 2026 ¥46 per share / Forecast for the fiscal year ending June 2027 ¥46 per share / Interim and Year-End Breakdown Not disclosed |
| Payout ratio | Fiscal year ending June 2026 63.2 % / Forecast for the fiscal year ending June 2027 103.1 % |
| Market Size / Share | Used-home distribution share 2015 14.5 % / 2020 16.5 % / 2025 19.9 % / 2030 22.8 % / 2035 26.3 % |
| New initiatives | Continue investing in personnel for the real estate sales business, Focus franchise business promotions on selected priority areas in urban markets, Develop partners for consumer and business-purpose financing in the financial business, Improve inventory turnover, focusing on used homes and small projects |
Items this document does not state (8)
Results for the three months of the current quarterProgress against full-year forecastUnit price and quantity metricsRisk amount incorporated into the outlookAcquisition of treasury sharesCapital expendituresOrders received and order backlogKey points of the Q&A
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 reasons cited include the downsizing of the house leaseback business as part of the business portfolio restructuring, some transfers to the HLB Fund assumed for the fiscal year not being completed, disposal of long-stagnant inventory, the carryover of large projects, additional investment in personnel to secure the target headcount for the real estate sales business, and the time required to retain and develop personnel.
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.
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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.