Worth reading
45Recurring
0–100. This measures how worthwhile something is to read, not how good or bad the company is.Direction
Mixed performance
Direction inferred from the company’s description.Scale
912.6
%Wording
Conditional
How definitive the wording is.Results for this period
First quarter1 July 2026 to 30 September 2026ConsolidatedJapanese GAAPNet Sales3,979Millions of yenYear on year +912.6%Progress 33.2%
Operating profit-55Millions of yen
Ordinary income-87Millions of yen
Net income attributable to owners of the parent-97Millions of yen
The width of the band at each stage is based on revenue. The narrower it becomes toward the bottom, the smaller the proportion of revenue that remains as profit. The dotted outline is the full-year forecast and the band inside it is the result for this period. The progress rate is the result divided by the forecast.
Net income per share−¥22.33
Financial position at period-end
Total assets7,019Millions of yen
of which net assets 2,490 Millions of yenEquity ratio 35.4%vs. prior year-end -4.0pt
塗りつぶした部分が自己資本比率です。総資産のうち、返済のいらない自前の資金がどれだけかを表します。The thin vertical line indicates the level at the end of the previous fiscal year.
Cash and cash equivalents at end of period1,555,364 Thousands of yen
Segment revenueReal estate sales business 3,500,025 Thousands of yen, Real Estate Management Business 376,966 Thousands of yen (YoY +36.4%), Overseas real-estate business 102,795 Thousands of yen (YoY +14.0%)
Segment profitReal estate sales business -78,271 Thousands of yen, Real Estate Management Business 20,788 Thousands of yen (YoY -29.9%), Overseas real-estate business -609 Thousands of yen
Outlook and shareholder returns
Full-year earnings forecast
Net Sales12,000 Millions of yen (YoY +117.3%)
Operating profit180 Millions of yen (YoY -5.4%)
Ordinary income100 Millions of yen (YoY -6.9%)
Profit attributable to owners of the parent60 Millions of yen (YoY +17.6%)
Revision to Earnings ForecastNo revision
Annual Dividend Forecast12.50 Yen → 12.50 Yen（0.0%）
Factors Behind Changes in Business Performance
In the real estate sales business, although there were no handovers of asset-management condominiums, 1 project scheduled for sale during the period was sold as planned. In the real estate management business, the company reviewed asking rents, reduced the vacancy rate and pursued new contracts, while the overseas real estate business had 20,177 managed units.
Disclosure regarding the going concern assumption
Not applicable.
Change in accounting policy
基準改正に伴う変更 Noneそれ以外の変更 None見積りの変更 None修正再表示 None
Changes in the scope of consolidation0 companies added, 0 companies removed (company names not disclosed)
Breakdown of extraordinary income (loss)Gain on sale of non-current assets 54 Thousands of yen
Depreciation and amortization8,163 Thousands of yen
Availability of Supplementary Financial Results MaterialsNone
Availability of Financial Results BriefingNone
Issued Shares at Period-End4,378,250 shares
Treasury Shares at Period-End527 treasury shares
| Item | Details |
|---|---|
| Fiscal Period Classification | First quarter |
| Accounting standards | Japanese GAAP |
| Consolidated / non-consolidated | Consolidated |
| Period Covered | 1 July 2026 to 30 September 2026 |
| Net Sales | 3,979 Millions of yen (YoY +912.6%) |
| Operating profit | -55 Millions of yen |
| Ordinary income | -87 Millions of yen |
| Profit attributable to owners of the parent | -97 Millions of yen |
| Net income per share | −¥22.33 |
| Equity ratio | End of the current fiscal period 35.4 / End of previous period 39.4 |
| Total assets | 7,019 Millions of yen |
| Net assets | 2,490 Millions of yen |
| Cash and cash equivalents at end of period | 1,555,364 Thousands of yen |
| Full-year earnings forecast | Net Sales 12,000 Millions of yen (YoY +117.3%) / Operating profit 180 Millions of yen (YoY -5.4%) / Ordinary income 100 Millions of yen (YoY -6.9%) / Profit attributable to owners of the parent 60 Millions of yen (YoY +17.6%) |
| Revision to Earnings Forecast | No revision |
| Annual Dividend Forecast | 12.50 Yen → 12.50 Yen（0.0%） |
| Segment revenue | Real estate sales business 3,500,025 Thousands of yen, Real Estate Management Business 376,966 Thousands of yen (YoY +36.4%), Overseas real-estate business 102,795 Thousands of yen (YoY +14.0%) |
| Segment profit | Real estate sales business -78,271 Thousands of yen, Real Estate Management Business 20,788 Thousands of yen (YoY -29.9%), Overseas real-estate business -609 Thousands of yen |
| Depreciation and amortization | 8,163 Thousands of yen |
| Breakdown of extraordinary income (loss) | Gain on sale of non-current assets 54 Thousands of yen |
| Disclosure regarding the going concern assumption | Not applicable. |
| Change in accounting policy | Changes due to revisions to standards None / Other changes None / Change in accounting estimate None / Restatement None |
| Changes in the scope of consolidation | 0 companies added, 0 companies removed (company names not disclosed) |
| Availability of Supplementary Financial Results Materials | None |
| Availability of Financial Results Briefing | None |
| Issued Shares at Period-End | 4,378,250 shares |
| Treasury Shares at Period-End | 527 treasury shares |
| Factors Behind Changes in Business Performance | In the real estate sales business, although there were no handovers of asset-management condominiums, 1 project scheduled for sale during the period was sold as planned. In the real estate management business, the company reviewed asking rents, reduced the vacancy rate and pursued new contracts, while the overseas real estate business had 20,177 managed units. |
Items this document does not state (10)
Operating MarginCash flows from operating activitiesCash flows from investing activitiesCash flows from financing activitiesPayout ratioShareholder Return PolicyRegional salesOrders received and order backlogImpairment lossMaterial subsequent events
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 the real estate sales business, 1 project scheduled for sale during the period was sold as planned. The company explained that, because revenue from income-generating properties in the real estate sales business is recognized when the properties are handed over to customers, quarterly results are uneven depending on the timing of project completion and handover.
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.