Worth reading
69In focus
0–100. This measures how worthwhile something is to read, not how good or bad the company is.Direction
Improvement
Direction inferred from the company’s description.Scale
10000
¥ million (amount of upward revision to the full-year revenue forecast)Wording
Conditional
How definitive the wording is.Contents of this document
Earnings presentationFirst quarter of the fiscal year ending March 202713 items taken from the company’s own explanation
Financial Results Figures (The key points of this material are explained below)
Net Sales102,715 million yen+21.5%
Operating profit8,371 million yen+85.7%
Ordinary income7,605 million yen+93.2%
Net income4,809 million yen+100.5%
Gross Profit Margin16.1%
Operating profit margin8.2%
Selling, general and administrative expenses8,205 million yen
Results for the three months of the current quarter
Net Sales
102,715 million yen
Gross profit
16,577 million yen
Selling, general and administrative expenses
8,205 million yen
Operating profit
8,371 million yen
Ordinary income
7,605 million yen
Net income
4,809 million yen
Full-year earnings forecast
Net Sales
460,000 million yen
Operating profit
34,500 million yen
Ordinary income
31,500 million yen
Profit attributable to owners of the parent
19,300 million yen
Progress against full-year forecast 通期の予想に対して、いまどこまで進んだかの割合です。
Net Sales22.3%
Ordinary income24.1%
What the company explained in this material
Self-assessment against the planThe company's self-assessment against its own plan.
A strong start toward achieving the budget; a very strong startAssumptions Underlying the Business OutlookThe assumptions used by the company in preparing its forecast.
The assumptions are that condominium prices will continue rising, demand for spec-built detached houses will remain firm, and new businesses will continue to grow steadily. Numerical assumptions Not disclosedNew initiatives
- Disclose the apartments and income-producing real estate business as an independent segment
- Strengthen product development for affordable homes with average selling prices in the ¥17 million range in the existing-home renovation business
- Kintegra Living is scheduled to begin contract construction of detached houses in Australia this fiscal year
- Upward revision to the full-year forecasts and increase in the annual dividend forecast
Key KPIsA metric the company considers important as a management benchmark.
- Number of spec-built homes sold2,251 buildingsYear on year against the same period last yearUp 8.4% year on year
- Total contracted inventoryMore than 12,000
- Number of sales offices (spec-built houses)175 Location
- Number of sales offices (existing homes)26 Location
- Number of IKI.net franchisees54 companiesYear on year4.5 times prior-year period
- National share of housing starts8.3%Year on year against the same period last yearUp 0.5 percentage points
- Number of apartments under management
Unit price and quantity metricsThese figures show sales broken down by price and volume.
Built-for-sale housing business
Number of homes sold2,251 units, up 8.4% year on year
Selling priceBy-area trends presented; specific figures Not disclosed
Segment results
Built-for-sale housing business
Number of homes sold
2,251 buildings+8.4%
Net Sales
93,521 million yen+17.0%
Operating profit
8,888 million yen+65.9%
Apartments and income-producing real estate business
Net Sales
5,956 million yen+263.0%
Operating profit
558 million yen+816.8%
Other businesses
Net Sales
3,237 million yen+8.9%
Operating profit
210 million yen-29.4%
Medium-term management plan targets
The company considers achieving the medium-term plan ahead of schedule to be within reach, but the target figures and target fiscal year are Not disclosedMarket Size / Share
National share of housing starts8.3% (March 2026)
TargetAim to achieve a 10% share of national housing starts at an early stage
Average national market price by housing type
New custom-built houses¥61.88 million
Newly built for-sale housing¥45.91 million
Existing detached houses¥29.17 million
Number of stores and locations
Number at period-end175 spec-built housing locations and 26 existing-home locations (as of 30 June 2026)
Number of employees
More than 100 skilled-worker employees. Total group headcount and changes during the period Not disclosedAnnual Dividend
Annual dividend per share150 yen
Interim Dividend75 yen
Payout ratio
24.1%Acquisition of treasury shares
The company conducted a ¥1 billion share buyback in June 2024. The size and period of the current buyback Not disclosed| Item | Details |
|---|---|
| Document type | Earnings presentation |
| Fiscal Period Covered | First quarter of the fiscal year ending March 2027 |
| Net Sales | 102,715 million yen (YoY +21.5%) |
| Operating profit | 8,371 million yen (YoY +85.7%) |
| Ordinary income | 7,605 million yen (YoY +93.2%) |
| Net income | 4,809 million yen (YoY +100.5%) |
| Gross Profit Margin | 16.1% |
| Operating profit margin | 8.2% |
| Selling, general and administrative expenses | 8,205 million yen |
| Results for the three months of the current quarter | Net Sales 102,715 million yen / Gross profit 16,577 million yen / Selling, general and administrative expenses 8,205 million yen / Operating profit 8,371 million yen / Ordinary income 7,605 million yen / Net income 4,809 million yen |
| Full-year earnings forecast | Net Sales 460,000 million yen / Operating profit 34,500 million yen / Ordinary income 31,500 million yen / Profit attributable to owners of the parent 19,300 million yen |
| Progress against full-year forecast | Net Sales 22.3% / Ordinary income 24.1% |
| Self-assessment against the plan | A strong start toward achieving the budget; a very strong start |
| Segment results | Built-for-sale housing business Number of homes sold 2,251 buildings (YoY +8.4%) / Net Sales 93,521 million yen (YoY +17.0%) / Operating profit 8,888 million yen (YoY +65.9%) / Apartments and income-producing real estate business Net Sales 5,956 million yen (YoY +263.0%) / Operating profit 558 million yen (YoY +816.8%) / Other businesses Net Sales 3,237 million yen (YoY +8.9%) / Operating profit 210 million yen (YoY -29.4%) |
| Key KPIs | Indicator name Number of spec-built homes sold / Value 2,251 buildings / Year on year against the same period last year Up 8.4% year on year, Indicator name Total contracted inventory / Value More than 12,000 / Year on year against the same period last year Not disclosed, Indicator name Number of sales offices (spec-built houses) / Value 175 Location / Year on year against the same period last year Not disclosed, Indicator name Number of sales offices (existing homes) / Value 26 Location / Year on year against the same period last year Not disclosed, Indicator name Number of IKI.net franchisees / Value 54 companies / Year on year 4.5 times prior-year period, Indicator name National share of housing starts / Value 8.3% / Year on year against the same period last year Up 0.5 percentage points, Indicator name Number of apartments under management / Value Not disclosed / Year on year against the same period last year Not disclosed |
| Unit price and quantity metrics | Built-for-sale housing business Number of homes sold 2,251 units, up 8.4% year on year / Selling price By-area trends presented; specific figures Not disclosed |
| Number of stores and locations | Number at period-end 175 spec-built housing locations and 26 existing-home locations (as of 30 June 2026) / Number of store openings and closures during the period Not disclosed |
| Number of employees | More than 100 skilled-worker employees. Total group headcount and changes during the period Not disclosed |
| Assumptions Underlying the Business Outlook | The assumptions are that condominium prices will continue rising, demand for spec-built detached houses will remain firm, and new businesses will continue to grow steadily. Numerical assumptions Not disclosed |
| Medium-term management plan targets | The company considers achieving the medium-term plan ahead of schedule to be within reach, but the target figures and target fiscal year are Not disclosed |
| Annual Dividend | Annual dividend per share 150 yen / Interim Dividend 75 yen / Year-end dividend Not disclosed |
| Payout ratio | 24.1% |
| Acquisition of treasury shares | The company conducted a ¥1 billion share buyback in June 2024. The size and period of the current buyback Not disclosed |
| Market Size / Share | National share of housing starts 8.3% (March 2026) / Target Aim to achieve a 10% share of national housing starts at an early stage / Average national market price by housing type New custom-built houses ¥61.88 million / Newly built for-sale housing ¥45.91 million / Existing detached houses ¥29.17 million |
| New initiatives | Disclose the apartments and income-producing real estate business as an independent segment, Strengthen product development for affordable homes with average selling prices in the ¥17 million range in the existing-home renovation business, Kintegra Living is scheduled to begin contract construction of detached houses in Australia this fiscal year, Upward revision to the full-year forecasts and increase in the annual dividend forecast |
Items this document does not state (6)
Breakdown of Factors Affecting the ChangeRisk amount incorporated into the outlookFinancial targetsCapital 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 company cited the strong first-quarter performance, its expectation that demand for spec-built detached houses will remain firm as condominium prices continue to rise, and the steady growth of its new businesses. It also explained that the gross margin improved because of higher selling prices and lower discount rates.
How to read this page
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