Results for this period
Interim period (second quarter)1 April 2026–30 September 2026Non-consolidated (individual)Japanese GAAPThe 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.
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.
Stacked from zero: upward is an increase in cash, downward a decrease (in ¥ thousand).The net change represented by the dotted line is the total of three items, calculated from figures provided by the company.
The built-for-sale housing business posted higher revenue due to an increase in the proportion of properties sold in Tokyo and a rise in the average selling price, but profit declined because of flexible changes to selling prices and soaring construction costs. The custom-built housing business posted higher revenue due to a rise in the average order price, but profit declined because the increase in construction costs was not sufficiently passed on to order prices.
No applicable matters
| Item | Details |
|---|---|
| Fiscal Period Classification | Interim period (second quarter) |
| Accounting standards | Japanese GAAP |
| Consolidated / non-consolidated | Non-consolidated (individual) |
| Period Covered | 1 April 2026–30 September 2026 |
| Net Sales | ¥7,751 million (YoY +2.7%) |
| Operating profit | ¥187 million (YoY -37.8%) |
| Ordinary income | ¥131 million (YoY -48.5%) |
| Profit attributable to owners of the parent | ¥85 million (YoY -46.3%) |
| Net income per share | ¥21.48 |
| Equity ratio | End of the current fiscal period 41 / End of previous period 41.4 |
| Total assets | ¥10,680 million |
| Net assets | ¥4,374 million |
| Cash flows from operating activities | ¥-889,838 thousand |
| Cash flows from investing activities | ¥-11,971 thousand |
| Cash flows from financing activities | ¥275,389 thousand |
| Cash and cash equivalents at end of period | ¥2,518,922 thousand |
| Full-year earnings forecast | Net Sales ¥20,000 million (YoY +14.4%) / Operating profit ¥1,000 million (YoY +13.6%) / Ordinary income ¥900 million (YoY +14.3%) / Net income ¥650 million (YoY +19.4%) |
| Annual Dividend Forecast | ¥30 → ¥32.5（+8.3%） |
| Segment revenue | Built-for-sale housing business ¥6,439,293 thousand (YoY +3.0%), Custom-Built Homes ¥1,300,376 thousand (YoY +2.8%), Other ¥11,633 thousand (YoY -63.4%) |
| Segment profit | Built-for-sale housing business ¥493,090 thousand (YoY -5.6%), Custom-Built Homes ¥23,299 thousand (YoY -64.9%), Other ¥-13,179 thousand |
| Depreciation and amortization | ¥8,907 thousand |
| Disclosure regarding the going concern assumption | No applicable matters |
| Change in accounting policy | Changes due to revisions to standards No / Other changes No / Change in accounting estimate No / Restatement No |
| Availability of Supplementary Financial Results Materials | Yes |
| Availability of Financial Results Briefing | Yes (for institutional investors and analysts) |
| Issued Shares at Period-End | 4,000,000 shares |
| Treasury Shares at Period-End | 772 shares |
| Factors Behind Changes in Business Performance | The built-for-sale housing business posted higher revenue due to an increase in the proportion of properties sold in Tokyo and a rise in the average selling price, but profit declined because of flexible changes to selling prices and soaring construction costs. The custom-built housing business posted higher revenue due to a rise in the average order price, but profit declined because the increase in construction costs was not sufficiently passed on to order prices. |
Items this document does not state (10)
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 addition to changes in selling prices reflecting supply and demand trends, soaring construction costs kept earnings from the built-for-sale housing business weak. In the custom-built housing business, the increase in construction costs was not sufficiently passed on to order prices, resulting in a decline in profit margins.