Worth reading
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Displayed only when the document provides numerical figures.Wording
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How definitive the wording is.Items stated in the management plan
Partially revisedNet Sales+14.3%
基準 17,500Target20,000million, CAGR
Operating profit+0.0%
基準 2,026Target2,027million
Operating profit margin0.0pt
基準 5Target5%
Net income for the current fiscal year+0.0%
基準 2,026Target2,027million
ROE0.0pt
基準 15Target15%
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. For metrics expressed as percentages, differences are shown in percentage points (pt).The increase shown by the dotted line is calculated from the two reported figures because the company did not provide the amount of growth.
What happened to the previous plan¥17,500 million (¥17.5 billion, forecast for the fiscal year ending March 2026) → ¥17,476 million (¥17.4 billion, actual results for the fiscal year ending March 2026)-0.1%Calculated from the two disclosed figures
Statements about the use of capital
Payout ratio / DOE policyStable and ongoing dividend payments, with a payout ratio of 20% as a guideline. Period covered: Not disclosedThe payout ratio is the proportion of profit paid out as dividends, while DOE is the ratio of dividends to net assets.
Key initiatives
01Increased Investment in Human Capital
02Strengthening the construction division
03Strengthening the housing sales division
04Sustainable growth of the built-for-sale housing business
05Improving the profitability of the custom-built housing business
06Expanding geographic coverage and the customer base
07Diversification of the housing business and optimization of the business portfolio
08Recruiting and developing specialized talent
09Standardizing specifications across built-for-sale and custom-built housing
10Strengthening the sales promotion structure
11Balancing the growth strategy with financial soundness
Segment targetSegment Built-for-sale housing business / Sales Target ¥17,300 million (segment-by-segment chart). The full-year earnings forecast table shows ¥17,500 million. / Profit Target Not disclosed / Units delivered 320 units, Segment Custom-Built Housing Business / Sales Target ¥2,700 million (segment-by-segment chart). The full-year earnings forecast table shows ¥2,500 million. / Profit Target Not disclosed / Units delivered 100 units
Non-financial targetsIndicator Housing units supplied / Target value 420 units (plan for the fiscal year ending March 2027) / Timing Fiscal year ending March 2027, Indicator Families provided with housing in one year / Target value 1,000 families / Timing Not disclosed
Size of the Target MarketNational market for wooden detached houses: ¥15.9 trillion; wooden built-for-sale detached houses: ¥5.1 trillion; wooden custom-built houses: ¥10.8 trillion; Yokohama City, Kawasaki City and the 23 wards of Tokyo: ¥1.7 trillion. Sources: MLIT Statistics on Building Construction Started in 2025; MLIT Housing Bureau FY2024 Housing Market Trends Survey Report; Tokyo FY2025 New Housing Construction Starts; Statistics on Building Construction Starts in Kanagawa Prefecture (FY2025)
Risks identified by the company
Changes in demographics and the number of households
Continuation of policies supporting home purchases
Impact of geopolitical risks on the supply chain
Prolonged increases in energy and raw material prices
Economic slowdown due to accelerating inflation
Rising construction costs and worsening labor shortages
Decline in new housing starts
Intensifying competition for the acquisition and sale of detached-home sites in the Tokyo metropolitan area
Soaring prices of construction materials
Acceleration of carbon-neutral initiatives and tightening regulations
Decline in consumer purchasing appetite due to concerns about rising interest rates
Heightened geopolitical risks, including the escalating situation in the Middle East
Reason for revision or withdrawal
Part of the medium-term targets has been revised in light of the decline in consumer purchasing appetite due to concerns about rising interest rates, heightened geopolitical risks such as the escalating situation in the Middle East, and the status of our personnel growth.
| Item | Details |
|---|---|
| Plan name | Business Plan and Growth Potential |
| Progress against the plan | Partially revised |
| Sales Target | ¥17,500 million (forecast for the fiscal year ending March 2026). Previous medium-term target: CAGR of 15% → ¥20,000 million (plan for the fiscal year ending March 2027). Current medium-term target: CAGR of 7–10%（+14.4% (comparison between the plan for the fiscal year ending March 2027 and actual results for the fiscal year ending March 2026)） |
| Operating profit target | ¥881 million (actual results for the fiscal year ending March 2026) → ¥1,000 million (forecast for the fiscal year ending March 2027)（+13.5%） |
| Operating profit margin target | At least 5.0% (previous medium-term target) → At least 5.0% (current medium-term target) |
| Net income target | ¥544 million (actual results for the fiscal year ending March 2026) → ¥650 million (forecast for the fiscal year ending March 2027)（+19.5%） |
| ROE target | 13–15% (previous medium-term target) → 13–15% (current medium-term target) |
| Payout ratio / DOE policy | Stable and ongoing dividend payments, with a payout ratio of 20% as a guideline. Period covered: Not disclosed |
| Segment target | Segment Built-for-sale housing business / Sales Target ¥17,300 million (segment-by-segment chart). The full-year earnings forecast table shows ¥17,500 million. / Profit Target Not disclosed / Units delivered 320 units, Segment Custom-Built Housing Business / Sales Target ¥2,700 million (segment-by-segment chart). The full-year earnings forecast table shows ¥2,500 million. / Profit Target Not disclosed / Units delivered 100 units |
| Non-financial targets | Indicator Housing units supplied / Target value 420 units (plan for the fiscal year ending March 2027) / Timing Fiscal year ending March 2027, Indicator Families provided with housing in one year / Target value 1,000 families / Timing Not disclosed |
| Key initiatives | Increased Investment in Human Capital, Strengthening the construction division, Strengthening the housing sales division, Sustainable growth of the built-for-sale housing business, Improving the profitability of the custom-built housing business, Expanding geographic coverage and the customer base, Diversification of the housing business and optimization of the business portfolio, Recruiting and developing specialized talent, Standardizing specifications across built-for-sale and custom-built housing, Strengthening the sales promotion structure, Balancing the growth strategy with financial soundness |
| Results under the previous plan | ¥17,500 million (¥17.5 billion, forecast for the fiscal year ending March 2026) → ¥17,476 million (¥17.4 billion, actual results for the fiscal year ending March 2026) |
| Reason for revision or withdrawal | Part of the medium-term targets has been revised in light of the decline in consumer purchasing appetite due to concerns about rising interest rates, heightened geopolitical risks such as the escalating situation in the Middle East, and the status of our personnel growth. |
| Size of the Target Market | National market for wooden detached houses: ¥15.9 trillion; wooden built-for-sale detached houses: ¥5.1 trillion; wooden custom-built houses: ¥10.8 trillion; Yokohama City, Kawasaki City and the 23 wards of Tokyo: ¥1.7 trillion. Sources: MLIT Statistics on Building Construction Started in 2025; MLIT Housing Bureau FY2024 Housing Market Trends Survey Report; Tokyo FY2025 New Housing Construction Starts; Statistics on Building Construction Starts in Kanagawa Prefecture (FY2025) |
| Risks identified | Changes in demographics and the number of households, Continuation of policies supporting home purchases, Impact of geopolitical risks on the supply chain, Prolonged increases in energy and raw material prices, Economic slowdown due to accelerating inflation, Rising construction costs and worsening labor shortages, Decline in new housing starts, Intensifying competition for the acquisition and sale of detached-home sites in the Tokyo metropolitan area, Soaring prices of construction materials, Acceleration of carbon-neutral initiatives and tightening regulations, Decline in consumer purchasing appetite due to concerns about rising interest rates, Heightened geopolitical risks, including the escalating situation in the Middle East |
Items this document does not state (10)
Plan periodROIC targetTreasury share acquisition policyCost of capitalSelf-assessment of PBR and share priceTotal investment planInvestment amount by sectorPlan assumptionsDate of board resolutionPublication date
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.Part of the medium-term targets has been revised in light of the decline in consumer purchasing appetite due to concerns about rising interest rates, heightened geopolitical risks such as the escalating situation in the Middle East, and the status of our personnel growth. The targets for operating margin and ROE remain unchanged from the previous medium-term targets, and we will pursue their achievement.
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