Worth reading
42Recurring
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
53.2
Year-on-year revenue growth (%)Wording
Definitive
How definitive the wording is.Contents of this document
Financial results presentationSecond quarter of the fiscal year ending October 20268 items taken from the company’s own explanation
Financial Results Figures (The key points of this material are explained below)
Net Sales¥293.9 100 million+53.2%
Operating profit¥25.7 100 million+61.0%
Ordinary income¥21.7 100 million+43.9%
Net income¥14.1 100 million +41.2%interim net income attributable to owners of the parent
Selling, general and administrative expenses¥28.8 100 million SG&A expenses as a percentage of revenue: not_disclosed
Full-year earnings forecast
Net Sales
¥792.8 100 million
Operating profit
¥77.2 100 million
Ordinary income
¥68.4 100 million
Profit attributable to owners of the parent
¥45.4 100 million
What the company explained in this material
Self-assessment against the planThe company's self-assessment against its own plan.
In line with plan; steady progress toward the full-year planBreakdown of Factors Affecting the ChangeReasons cited by the Company for the change in the figures.
- Formation of Fund No. 5Approximately ¥18 billion
- Livenup Group's contribution to revenueApproximately ¥4.2 billion
- Livenup Group's SG&A expensesApproximately ¥700 million
- Anniversary shareholder benefit expensesApproximately ¥300 million
New initiatives
- Formation of Real Estate Funds No. 6 and No. 7 scheduled for the fourth quarter of FY2026
- Gathering information with a view to listing a REIT
- Reducing retail sales personnel by 40% and strengthening wealth management and other businesses
- No new graduate recruitment for retail sales positions in FY2027
- Tokyo Verdy sponsorship and targeted advertising
- Shareholder benefits commemorating the 10th anniversary of the company's listing
- Conducting due diligence on M&A opportunities involving A社, B社 and others
Key KPIsA metric the company considers important as a management benchmark.
- Good Com Asset buildings sold20 buildingsYear on year against the same period last year15 buildings in the prior-year quarter
- Good Com Asset units sold793 unitsYear on year against the same period last year332 units for Fund No. 3 in the prior-year quarter
- Units sold in Fund No. 5584 unitsYear on year against the same period last year332 units for Fund No. 3 in the prior-year quarter
- Occupancy rate of fund propertiesMore than 90%
- Occupancy RateMonth-end results of 97.0%–100.0%, etc.
Medium-term management plan targets
FY2030 revenue target
¥6,000 100 million
Target fiscal yearFY2030
VisionTo rank among the leading real estate companies by market capitalization by the time FY2030 results are announced
Annual Dividend
¥46 per share
BreakdownInterim and year-end breakdown: Not disclosed
Payout ratio
35 % target
Total payout ratioFY2026 forecast: Not disclosed
Acquisition of treasury shares
Actual purchasesCumulative total of 2.61 million shares from FY2019 to FY2025. 820,000 shares in FY2025, representing 2.86% of shares outstanding
| Item | Details |
|---|---|
| Document type | Financial results presentation |
| Fiscal Period Covered | Second quarter of the fiscal year ending October 2026 |
| Net Sales | ¥293.9 100 million (YoY +53.2%) |
| Operating profit | ¥25.7 100 million (YoY +61.0%) |
| Ordinary income | ¥21.7 100 million (YoY +43.9%) |
| Net income | ¥14.1 100 million (interim net income attributable to owners of the parent) (YoY +41.2%) |
| Selling, general and administrative expenses | ¥28.8 100 million (SG&A expenses as a percentage of revenue: not_disclosed) |
| Full-year earnings forecast | Net Sales ¥792.8 100 million / Operating profit ¥77.2 100 million / Ordinary income ¥68.4 100 million / Profit attributable to owners of the parent ¥45.4 100 million |
| Self-assessment against the plan | In line with plan; steady progress toward the full-year plan |
| Breakdown of Factors Affecting the Change | Factors Formation of Fund No. 5 / Amount Approximately ¥18 billion, Factors Livenup Group's contribution to revenue / Amount Approximately ¥4.2 billion, Factors Livenup Group's SG&A expenses / Amount Approximately ¥700 million, Factors Anniversary shareholder benefit expenses / Amount Approximately ¥300 million |
| Key KPIs | Indicator name Good Com Asset buildings sold / Value 20 buildings / Year on year against the same period last year 15 buildings in the prior-year quarter, Indicator name Good Com Asset units sold / Value 793 units / Year on year against the same period last year 332 units for Fund No. 3 in the prior-year quarter, Indicator name Units sold in Fund No. 5 / Value 584 units / Year on year against the same period last year 332 units for Fund No. 3 in the prior-year quarter, Indicator name Occupancy rate of fund properties / Value More than 90% / Year on year against the same period last year Not disclosed, Indicator name Occupancy Rate / Value Month-end results of 97.0%–100.0%, etc. / Year on year against the same period last year Not disclosed |
| Medium-term management plan targets | FY2030 revenue target ¥6,000 100 million / Vision To rank among the leading real estate companies by market capitalization by the time FY2030 results are announced |
| Annual Dividend | ¥46 per share |
| Payout ratio | 35 % (target) |
| Acquisition of treasury shares | Actual purchases Cumulative total of 2.61 million shares from FY2019 to FY2025. 820,000 shares in FY2025, representing 2.86% of shares outstanding / Acquisition limit and period Not disclosed |
| New initiatives | Formation of Real Estate Funds No. 6 and No. 7 scheduled for the fourth quarter of FY2026, Gathering information with a view to listing a REIT, Reducing retail sales personnel by 40% and strengthening wealth management and other businesses, No new graduate recruitment for retail sales positions in FY2027, Tokyo Verdy sponsorship and targeted advertising, Shareholder benefits commemorating the 10th anniversary of the company's listing, Conducting due diligence on M&A opportunities involving A社, B社 and others |
Items this document does not state (15)
Gross Profit MarginOperating profit marginResults for the three months of the current quarterProgress against full-year forecastSegment resultsUnit price and quantity metricsNumber of stores and locationsNumber of employeesAssumptions Underlying the Business OutlookRisk amount incorporated into the outlookFinancial targetsCapital expendituresOrders received and order backlogMarket 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 company sold properties worth approximately ¥18 billion through the formation of Fund No. 5, while Livenup Group, which became a subsidiary in the previous fiscal year, contributed approximately ¥4.2 billion in revenue. SG&A expenses increased due mainly to approximately ¥700 million in Livenup Group's SG&A expenses and approximately ¥300 million in anniversary shareholder benefit expenses.
How to read this page
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