Worth reading
51Recurring
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
349.8
¥100 million (cumulative third-quarter revenue, up 40.9% year on year)Wording
Conditional
How definitive the wording is.Contents of this document
Financial results presentationThird quarter of the fiscal year ending October 20269 items taken from the company’s own explanation
Financial Results Figures (The key points of this material are explained below)
Net Sales¥349.8 100 million+40.9%
Operating profit¥26.3 100 million+143.7%
Ordinary income¥20.8 100 million+130.4%
Net income¥13.7 100 million+198.6%
Selling, general and administrative expenses¥41.3 100 million
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.
- Additional revenue from Livenup GroupApproximately ¥5.8 billion
- Additional revenue from Fund No. 5 through the second quarter¥18 billion
- Livenup Group's SG&A expensesApproximately ¥1 billion
New initiatives
- Plans to form Real Estate Fund No. 6 in the fourth quarter
- Gathering information with a view to listing a REIT
- Livenup Group's acquisition of 三喜商事 as a subsidiary
- Due diligence under way for M&A involving construction companies and formwork companies
- Reallocation of personnel from retail sales to wealth management, wholesale and real estate management
- Shareholder benefits commemorating the 10th anniversary of the company's listing
Key KPIsA metric the company considers important as a management benchmark.
- Good Com Asset buildings sold25 buildingsYear on year against the same period last year20 buildings in the same period last year
- Good Com Asset units sold901 unitsYear on year against the same period last year761 units in the same period last year
- Properties acquired31 buildingsYear on year against the same period last year31 buildings in the same period last year
- Units acquired2,264 unitsYear on year against the same period last year1,929 units in the same period last year
- Occupancy rate at month-end97.0〜100.0
- Industry shareMore than 50%
Unit price and quantity metricsThese figures show sales broken down by price and volume.
- Average price of detached housesAs shown in the graph
- Number of contracted detached houses in Tokyo's 23 wardsAs shown in the graph
Market Size / Share
- Market share in newly built condominiums for investment in the Greater Tokyo areaMore than 50%
- Rate of decline in total industry supply of newly built condominiums for investment in the Greater Tokyo area9% annual average
- Growth rate in our supply volume18% annual average
Number of employees
Reduced retail sales headcount by 40%. No new graduate hiring for retail sales will be conducted in fiscal 2027Annual Dividend
Forecast of dividend increases for 9 consecutive periods. However, the dividend per share and interim and year-end breakdown are Not disclosedAcquisition of treasury shares
States that a share buyback will be conducted. However, the amount, number of shares and period of the buyback are Not disclosed| Item | Details |
|---|---|
| Document type | Financial results presentation |
| Fiscal Period Covered | Third quarter of the fiscal year ending October 2026 |
| Net Sales | ¥349.8 100 million (YoY +40.9%) |
| Operating profit | ¥26.3 100 million (YoY +143.7%) |
| Ordinary income | ¥20.8 100 million (YoY +130.4%) |
| Net income | ¥13.7 100 million (YoY +198.6%) |
| Selling, general and administrative expenses | ¥41.3 100 million |
| 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 Additional revenue from Livenup Group / Amount Approximately ¥5.8 billion, Factors Additional revenue from Fund No. 5 through the second quarter / Amount ¥18 billion, Factors Livenup Group's SG&A expenses / Amount Approximately ¥1 billion |
| Key KPIs | Indicator name Good Com Asset buildings sold / Value 25 buildings / Year on year against the same period last year 20 buildings in the same period last year, Indicator name Good Com Asset units sold / Value 901 units / Year on year against the same period last year 761 units in the same period last year, Indicator name Properties acquired / Value 31 buildings / Year on year against the same period last year 31 buildings in the same period last year, Indicator name Units acquired / Value 2,264 units / Year on year against the same period last year 1,929 units in the same period last year, Indicator name Occupancy rate at month-end / Value 97.0〜100.0 / Year on year against the same period last year Not disclosed, Indicator name Industry share / Value More than 50% / Year on year against the same period last year Not disclosed |
| Unit price and quantity metrics | Indicator name Average price of detached houses / Value As shown in the graph / Year on year against the same period last year Not disclosed, Indicator name Number of contracted detached houses in Tokyo's 23 wards / Value As shown in the graph / Year on year against the same period last year Not disclosed |
| Number of employees | Reduced retail sales headcount by 40%. No new graduate hiring for retail sales will be conducted in fiscal 2027 |
| Annual Dividend | Forecast of dividend increases for 9 consecutive periods. However, the dividend per share and interim and year-end breakdown are Not disclosed |
| Acquisition of treasury shares | States that a share buyback will be conducted. However, the amount, number of shares and period of the buyback are Not disclosed |
| Market Size / Share | Item Market share in newly built condominiums for investment in the Greater Tokyo area / Value More than 50%, Item Rate of decline in total industry supply of newly built condominiums for investment in the Greater Tokyo area / Value 9% annual average, Item Growth rate in our supply volume / Value 18% annual average |
| New initiatives | Plans to form Real Estate Fund No. 6 in the fourth quarter, Gathering information with a view to listing a REIT, Livenup Group's acquisition of 三喜商事 as a subsidiary, Due diligence under way for M&A involving construction companies and formwork companies, Reallocation of personnel from retail sales to wealth management, wholesale and real estate management, Shareholder benefits commemorating the 10th anniversary of the company's listing |
Items this document does not state (14)
Gross Profit MarginOperating profit marginResults for the three months of the current quarterProgress against full-year forecastSegment resultsNumber of stores and locationsAssumptions Underlying the Business OutlookRisk amount incorporated into the outlookMedium-term management plan targetsFinancial targetsPayout ratioCapital 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 main factors were the addition of Livenup Group's earnings throughout the fiscal year and the addition of revenue from Fund No. 5 through the second quarter. Selling, general and administrative expenses increased by approximately ¥1 billion due to the consolidation of Livenup Group.
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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