Komori
Revision of earnings forecasts3461Palma Co.,Ltd.Real estate

Notice Regarding Revisions to Full-Year Non-Consolidated Earnings Targets and Dividend Forecast for the Fiscal Year Ending September 2026 (20th Anniversary of Founding)

Full-year non-consolidated earnings targets for the fiscal year ending September 2026 were changed from operating profit of ¥370 million to ¥199 million, ordinary profit of ¥350 million to ¥234 million, and net income of ¥210 million to ¥134 million. The total year-end dividend will remain ¥13 per share, while its composition will change from a regular dividend of ¥13 to a regular dividend of ¥8 plus a ¥5 20th anniversary commemorative dividend.

Worth reading
61In 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
-171
¥ million (change in operating income)
Wording
Conditional
How definitive the wording is.

Revised forecast

Fiscal year ending September 2026 · Full yearPrevious forecast published 14 November 2025
Operating profit370→199million
-46.2%
Ordinary income350→234million
-33.1%
Profit attributable to owners of the parent210→134million
-36.2%
Net income per share31.04→19.91yen and sen
-35.9%

The bar length represents the relative magnitude of change, based on the item that changed the most in this document. The percentage change shown by the dotted line is calculated from the two reported figures because the company did not provide the rate.

Reason for the revision

In development and sales projects for outdoor containers, prospective buyers took longer than expected to consider their purchases, causing the sale of multiple projects to be delayed until the following fiscal year or later. As a result, the sales and profits expected to be recognized during the current fiscal year will be recognized in the following fiscal year or later. In addition, facility utilization rates at some properties fell below the initial plan, and rising land acquisition and construction costs have made it difficult to acquire properties that meet the profitability criteria.

Previous-period resultsOperating profit of ¥147 million, ordinary profit of ¥187 million, net income of ¥122 million, and net income per share of ¥18.10 (fiscal year ended September 2025)
Dividend forecast revisionThe year-end dividend was changed from the previous forecast of ¥13 per share, comprising a regular dividend of ¥13, to a total of ¥13 per share comprising a regular dividend of ¥8 and a ¥5 20th anniversary commemorative dividend.
Consolidated / non-consolidatedNon-consolidated
Revised forecast
ItemDetails
Operating profit¥370 million → ¥199 million(-46.2%)
Ordinary income¥350 million → ¥234 million(-33.1%)
Profit attributable to owners of the parent¥210 million → ¥134 million(-36.2%)
Net income per share31.04 yen and sen → 19.91 yen and sen
Fiscal Period CoveredFiscal year ending September 2026
Period CoveredFull year
Publication date of previous forecast14 November 2025
Previous-period resultsOperating profit of ¥147 million, ordinary profit of ¥187 million, net income of ¥122 million, and net income per share of ¥18.10 (fiscal year ended September 2025)
Reason for the revisionIn development and sales projects for outdoor containers, prospective buyers took longer than expected to consider their purchases, causing the sale of multiple projects to be delayed until the following fiscal year or later. As a result, the sales and profits expected to be recognized during the current fiscal year will be recognized in the following fiscal year or later. In addition, facility utilization rates at some properties fell below the initial plan, and rising land acquisition and construction costs have made it difficult to acquire properties that meet the profitability criteria.
Dividend forecast revisionThe year-end dividend was changed from the previous forecast of ¥13 per share, comprising a regular dividend of ¥13, to a total of ¥13 per share comprising a regular dividend of ¥8 and a ¥5 20th anniversary commemorative dividend.
Consolidated / non-consolidatedNon-consolidated
Items this document does not state (2)
Net SalesDetails and amount of extraordinary loss

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.

In development and sales projects for outdoor containers, prospective buyers have taken longer than expected to consider their purchases, causing the sale of multiple projects expected during the current fiscal year to be delayed until the following fiscal year or later. As a result, the sales and profits scheduled to be recognized during the current fiscal year will be recognized in the following fiscal year or later. In addition, utilization rates at some properties have fallen below plan, and rising land acquisition and construction costs have made it difficult to continue acquiring properties that meet the profitability criteria.

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.
Notice Regarding Revisions to Full-Year Non-Consolidated Earnings Targets and Dividend Forecast for the Fiscal Year Ending September 2026 (20th Anniversary of Founding) | Palma Co.,Ltd. (3461) timely disclosure | Komori