Worth reading
63In focus
Scored from 5 of 6 sectionsDirection
Improvement
Direction inferred from the company’s description.Scale
3797
Millions of yen (year-on-year increase in revenue)Wording
Definitive
How definitive the wording is.Contents of this document
Earnings presentation materialsFiscal year ending March 2027, second quarter (first half)11 items taken from the company’s own explanation
Financial Results Figures (The key points of this material are explained below)
Net Sales¥20,046 million+23.4%
Operating profit¥2,152 million+45.7%
Ordinary income¥1,778 million+38.7%
Net income¥1,403 million+60.5%
Gross Profit Margin19.8%
Operating profit margin10.7%
Selling, general and administrative expenses¥1,825 million
Full-year earnings forecast
Net Sales
¥474 100 million
What the company explained in this material
Self-assessment against the planThe company's self-assessment against its own plan.
The top line is growing steadilyBreakdown of Factors Affecting the ChangeReasons cited by the Company for the change in the figures.
- Revenue¥3,797 million
- Cost of revenue¥-2,783 million
- Selling, general and administrative expenses¥-339 million
- Non-operating Income and Expenses¥-178 million
- Gain on negative goodwill¥249 million
- Income taxes¥-216 million
New initiatives
- Added 多摩建設 to the group and launched an apartment business
- Started an inn revitalisation business in the lodging segment
- Launched the “Rakushuku Management” and “Yorimichi Station” initiatives in the lodging segment
- Change and expand the shareholder benefit program from the record date of 31 March 2028
- Promoting the mutual use of procurement and customer information across the group
Key KPIsA metric the company considers important as a management benchmark.
- Housing business: number of subdivision buildings sold179 properties
- Housing business: order backlog¥4,980 millionYear on year against the same period last year+4.0%
- Asset Solutions business: order backlog¥615 millionYear on year against the same period last year+16.5%
- Apartment business: order backlog¥5,423 million
- Lodging business: order backlog¥54 millionYear on year against the same period last year-74.8%
- Acquisition pipeline (all segments)¥1,213 100 millionYear on year against the same period last year+380.0%
Unit price and quantity metricsThese figures show sales broken down by price and volume.
- Housing business: number of subdivision buildings sold179 properties
- Average unit price in Tokyo's 23 wards¥11,530 10,000
- Average unit price outside Tokyo's 23 wards¥6,794 10,000
- Average unit price in Other areas¥7,054 10,000
- Overall average unit price¥8,977 10,000
- Apartment business: number of units in order backlog72 units
Segment results
Housing Business
Net Sales
¥16,109 million+24.5%
Order backlog
¥4,980 million+4.0%
Number of buildings59
Asset Solutions business
Net Sales
¥3,825 million+18.6%
Order backlog
¥615 million+16.5%
Number of buildings5
Condominium Business
Net Sales
¥41 million
NotesRental income only
Order backlog
¥5,423 million
Number of units72
Lodging business
Net Sales
¥69 million-18.4%
Order backlog
¥54 million-74.8%
Number of Cases15
Medium-term management plan targets
- Target value¥500 100 millionComparison with actual resultsExpected to be achieved ahead of the original schedule
- Target value¥1,000 100 millionTarget fiscal year20xx
Orders received and order backlog
Housing Business
Order backlog¥4,980 million
Asset Solutions business
Order backlog¥615 million
Condominium Business
Order backlog¥5,423 million
Lodging business
Order backlog¥54 million
Number of employees
Change during the periodUp 21 people year on year (cited as a factor behind the increase in personnel expenses)
Annual Dividend
Annual dividend amount¥140 /share
Payout ratio
35| Item | Details |
|---|---|
| Document type | Earnings presentation materials |
| Fiscal Period Covered | Fiscal year ending March 2027, second quarter (first half) |
| Net Sales | ¥20,046 million (YoY +23.4%) |
| Operating profit | ¥2,152 million (YoY +45.7%) |
| Ordinary income | ¥1,778 million (YoY +38.7%) |
| Net income | ¥1,403 million (YoY +60.5%) |
| Gross Profit Margin | 19.8% |
| Operating profit margin | 10.7% |
| Selling, general and administrative expenses | ¥1,825 million |
| Full-year earnings forecast | Net Sales ¥474 100 million / Operating profit Not disclosed / Ordinary income Not disclosed / Net income Not disclosed |
| Self-assessment against the plan | The top line is growing steadily |
| Segment results | Housing Business Net Sales ¥16,109 million (YoY +24.5%) / Profit Not disclosed / Order backlog ¥4,980 million (YoY +4.0%) / Asset Solutions business Net Sales ¥3,825 million (YoY +18.6%) / Profit Not disclosed / Order backlog ¥615 million (YoY +16.5%) / Condominium Business Net Sales ¥41 million / Profit Not disclosed / Order backlog ¥5,423 million / Lodging business Net Sales ¥69 million (YoY -18.4%) / Profit Not disclosed / Order backlog ¥54 million (YoY -74.8%) |
| Breakdown of Factors Affecting the Change | Factors Revenue / Amount ¥3,797 million, Factors Cost of revenue / Amount ¥-2,783 million, Factors Selling, general and administrative expenses / Amount ¥-339 million, Factors Non-operating Income and Expenses / Amount ¥-178 million, Factors Gain on negative goodwill / Amount ¥249 million, Factors Income taxes / Amount ¥-216 million |
| Key KPIs | Indicator name Housing business: number of subdivision buildings sold / Value 179 properties / Year on year against the same period last year Not disclosed, Indicator name Housing business: order backlog / Value ¥4,980 million / Year on year against the same period last year ¥4 million, Indicator name Asset Solutions business: order backlog / Value ¥615 million / Year on year against the same period last year ¥16.5 million, Indicator name Apartment business: order backlog / Value ¥5,423 million / Year on year against the same period last year Not disclosed, Indicator name Lodging business: order backlog / Value ¥54 million / Year on year against the same period last year ¥-74.8 million, Indicator name Acquisition pipeline (all segments) / Value ¥1,213 100 million / Year on year against the same period last year ¥380 100 million |
| Unit price and quantity metrics | Indicator name Housing business: number of subdivision buildings sold / Value 179 properties, Indicator name Average unit price in Tokyo's 23 wards / Value ¥11,530 10,000, Indicator name Average unit price outside Tokyo's 23 wards / Value ¥6,794 10,000, Indicator name Average unit price in Other areas / Value ¥7,054 10,000, Indicator name Overall average unit price / Value ¥8,977 10,000, Indicator name Apartment business: number of units in order backlog / Value 72 units |
| Number of employees | Number of Employees Not disclosed / Change during the period Up 21 people year on year (cited as a factor behind the increase in personnel expenses) / Hiring plan Not disclosed |
| Medium-term management plan targets | Target value ¥500 100 million / Target fiscal year Not disclosed / Comparison with actual results Expected to be achieved ahead of the original schedule, Target value ¥1,000 100 million / Target fiscal year 20xx / Comparison with actual results Not disclosed |
| Annual Dividend | Annual dividend amount ¥140 /share / Interim Not disclosed / End of period Not disclosed |
| Payout ratio | 35 |
| Orders received and order backlog | Housing Business Order backlog ¥4,980 million / Asset Solutions business Order backlog ¥615 million / Condominium Business Order backlog ¥5,423 million / Lodging business Order backlog ¥54 million |
| New initiatives | Added 多摩建設 to the group and launched an apartment business, Started an inn revitalisation business in the lodging segment, Launched the “Rakushuku Management” and “Yorimichi Station” initiatives in the lodging segment, Change and expand the shareholder benefit program from the record date of 31 March 2028, Promoting the mutual use of procurement and customer information across the group |
Items this document does not state (10)
Results for the three months of the current quarterProgress against full-year forecastNumber of stores and locationsAssumptions Underlying the Business OutlookRisk amount incorporated into the outlookFinancial targetsAcquisition of treasury sharesCapital expendituresMarket Size / ShareKey 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 main factors were growth in existing businesses, revenue growth driven by synergies between segments, expanded business opportunities through stronger coordination of procurement information, and an improved gross profit margin. Interim net income attributable to owners of the parent also included a one-time extraordinary gain of ¥249 million from the fair-value assessment of inventories associated with the acquisition of 多摩建設.
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.