Worth reading
62In 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
38000
¥ million (ordinary profit target for the fiscal year ending March 2030)Wording
Conditional
How definitive the wording is.Items stated in the management plan
FormulatedNet Sales+34.8%
基準 460,000Target620,000million
Net income for the current fiscal year+22.3%
基準 19,300Target23,600million (net income attributable to owners of the parent)
Each line is the climb from the baseline the document states to the target it sets. The slope is scaled against the largest climb in this document.
ROENot disclosed → More than 20.0%
Only the target level is shown because the current level for comparison was not provided.What happened to the previous plan¥300 100 million (ordinary profit) → ¥315 100 million (ordinary profit)（+5.0%）+5.0%Calculated from the two disclosed figures
Statements about the use of capital
Payout ratio / DOE policyThe company generally intends to maintain an annual minimum dividend of ¥65 as a stable return. No applicable period was specified, and the forecast for the current fiscal year is an annual dividend of ¥170 (interim ¥75 and year-end ¥95).The payout ratio is the proportion of profit paid out as dividends, while DOE is the ratio of dividends to net assets.
Treasury share acquisition policyThe company will consider flexible measures such as share buybacks based on its financial position and business performance. No specific figures were provided for the acquisition limit, timing or conditions.
Key initiatives
01Continue expanding market share by concentrating management resources in major metropolitan areas, including the Tokyo metropolitan area, Kansai and Fukuoka, and achieving stable growth through high-turnover operations using the KEIAI platform
02In light of the rising interest-rate environment, set the sales target conservatively at approximately ¥15 billion to ¥20 billion
03Used-home regeneration business: Continue the two-track strategy alongside the subdivision housing business
04Overseas business: Advance an end-to-end operating structure involving Australian JV company MunCorp, which undertakes land development and site preparation, and local construction subsidiary Kintegra Living
05Maximize LTV through franchise expansion of the condominium brand 「K HOUSE」 and single-story custom-built homes under 「IKI」, and expansion of the stock business 「家サポ」
Plan assumptionsChanges in the external environment, including rising interest rates, Rising Interest-Rate Environment, Adjacent areas expected to deliver high growth
Segment targetSegment Built-for-sale housing business / Target Aims to achieve a long-term supply volume of 20,000 units, Segment Apartments and income-producing real estate business / Target Set the sales target conservatively at approximately ¥15 billion to ¥20 billion, Segment Existing-home renovation business / Target Aims to establish a network of 50 locations nationwide with annual sales of more than 2,000 units, Segment Overseas Business / Target Aims to expand the business to approximately ¥30 billion in scale
Non-financial targetsIndicator Supply volume of subdivision homes / Target value 20,000 units / Timing Long term, Indicator Number of stores in the existing-home renovation business / Target value 50 locations / Timing Not specified, Indicator Annual number of homes sold in the used-home regeneration business / Target value More than 2,000 units / Timing Not specified
Risks identified by the company
Changes in the external environment, including rising interest rates
Rising Interest-Rate Environment
Market conditions and fluctuations in business performance
Reason for revision or withdrawal
The plan was formulated to further enhance corporate value and achieve sustainable growth after improved profitability and business diversification made it likely that the previous medium-term management plan's ¥30 billion ordinary profit target would be achieved one year ahead of schedule, in the fiscal year ending March 2027 (revised forecast: ¥31.5 billion).
| Item | Details |
|---|---|
| Plan name | New Medium-Term Management Plan 2030 |
| Plan period | Fiscal years ending March 2028 through March 2030 |
| Progress against the plan | Formulated |
| Sales Target | ¥460,000 million → ¥620,000 million（+34.8%） |
| Net income target | ¥19,300 million (net income attributable to owners of the parent) → ¥23,600 million (net income attributable to owners of the parent)（+22.3%） |
| ROE target | Not disclosed → More than 20.0% |
| Payout ratio / DOE policy | The company generally intends to maintain an annual minimum dividend of ¥65 as a stable return. No applicable period was specified, and the forecast for the current fiscal year is an annual dividend of ¥170 (interim ¥75 and year-end ¥95). |
| Treasury share acquisition policy | The company will consider flexible measures such as share buybacks based on its financial position and business performance. No specific figures were provided for the acquisition limit, timing or conditions. |
| Segment target | Segment Built-for-sale housing business / Target Aims to achieve a long-term supply volume of 20,000 units, Segment Apartments and income-producing real estate business / Target Set the sales target conservatively at approximately ¥15 billion to ¥20 billion, Segment Existing-home renovation business / Target Aims to establish a network of 50 locations nationwide with annual sales of more than 2,000 units, Segment Overseas Business / Target Aims to expand the business to approximately ¥30 billion in scale |
| Non-financial targets | Indicator Supply volume of subdivision homes / Target value 20,000 units / Timing Long term, Indicator Number of stores in the existing-home renovation business / Target value 50 locations / Timing Not specified, Indicator Annual number of homes sold in the used-home regeneration business / Target value More than 2,000 units / Timing Not specified |
| Plan assumptions | Changes in the external environment, including rising interest rates, Rising Interest-Rate Environment, Adjacent areas expected to deliver high growth |
| Key initiatives | Continue expanding market share by concentrating management resources in major metropolitan areas, including the Tokyo metropolitan area, Kansai and Fukuoka, and achieving stable growth through high-turnover operations using the KEIAI platform, In light of the rising interest-rate environment, set the sales target conservatively at approximately ¥15 billion to ¥20 billion, Used-home regeneration business: Continue the two-track strategy alongside the subdivision housing business, Overseas business: Advance an end-to-end operating structure involving Australian JV company MunCorp, which undertakes land development and site preparation, and local construction subsidiary Kintegra Living, Maximize LTV through franchise expansion of the condominium brand 「K HOUSE」 and single-story custom-built homes under 「IKI」, and expansion of the stock business 「家サポ」 |
| Results under the previous plan | ¥300 100 million (ordinary profit) → ¥315 100 million (ordinary profit)（+5.0%） |
| Reason for revision or withdrawal | The plan was formulated to further enhance corporate value and achieve sustainable growth after improved profitability and business diversification made it likely that the previous medium-term management plan's ¥30 billion ordinary profit target would be achieved one year ahead of schedule, in the fiscal year ending March 2027 (revised forecast: ¥31.5 billion). |
| Risks identified | Changes in the external environment, including rising interest rates, Rising Interest-Rate Environment, Market conditions and fluctuations in business performance |
| Publication date | 12 November 2026 |
Items this document does not state (9)
Operating profit targetOperating profit margin targetROIC targetCost of capitalSelf-assessment of PBR and share priceTotal investment planInvestment amount by sectorSize of the Target MarketDate of board resolution
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 plan was formulated to further enhance corporate value and achieve sustainable growth after improved profitability and business diversification made it likely that the previous medium-term management plan's ¥30 billion ordinary profit target would be achieved one year ahead of schedule, in the fiscal year ending March 2027 (revised forecast: ¥31.5 billion).
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