Komori
Financial results presentation3479TKP CorporationReal Estate

Materials for the Results Briefing for the Second Quarter of the Fiscal Year Ending February 2027

For the second quarter of the fiscal year ending February 2027, consolidated net sales, operating income and ordinary income exceeded the year-earlier period, each reaching a record high for a second quarter. Progress against the full-year forecasts was 47.5% for net sales, 42.6% for operating income, 45.0% for ordinary income and 61.4% for net income. The company also completed its share repurchase, paid its first dividend, opened new facilities and made companies subsidiaries.

Worth reading
80Important
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
347
¥100 million (consolidated net sales for the fiscal year ending February 2027, Q2)
Wording
Conditional
How definitive the wording is.

Contents of this document

Financial results presentationFiscal year ending February 2027, second quarter12 items taken from the company’s own explanation
Financial Results Figures (The key points of this material are explained below)
Net Sales¥69,403 million +39.1%cumulative
Operating profit¥4,680 million +44.5%cumulative
Ordinary income¥4,362 million +54.3%cumulative
Net income¥2,456 million +51.4%cumulative, net income attributable to owners of the parent
Gross Profit Margin
Rate42.5 % cumulative
Year-on-year change (points)1.8 % cumulative
Operating profit margin
Rate6.7 % cumulative
Year-on-year change (points)0.2 % cumulative
Results for the three months of the current quarter
Net Sales
¥34,794 million+36.8%
Operating profit
¥2,127 million+47.9%
Ordinary income
¥1,995 million+70.7%
Net income
¥1,262 million+132.0%
Full-year earnings forecast
Net Sales
¥146,000 million
Operating profit
¥11,000 million
Ordinary income
¥9,700 million
Net income for the current fiscal year
¥4,000 million
Progress against full-year forecast　通期の予想に対して、いまどこまで進んだかの割合です。
Net Sales47.5%
Operating profit42.6%
Ordinary income45.0%
Net income for the current fiscal year61.4%
What the company explained in this material
Self-assessment against the planThe company's self-assessment against its own plan.
Progress is on track to meet the full-year earnings forecast. However, profits in the リリカラ business fell below the company's initial forecast.
Assumptions Underlying the Business OutlookThe assumptions used by the company in preparing its forecast.
Revenue for each segment is expected to be weighted toward Q4. Numerical assumptions for foreign exchange rates, raw material prices and other factors are Not disclosed.
New initiatives
  • Acquired the remaining 65% stake in 味工房スイセン, making it a wholly owned subsidiary
  • Took on banquet operations at アルマリアン福岡 and will market them to corporate clients as TKP Garden City Tenjin
  • Opened TKP Osaka Umeda Conference Center ANNEX
  • Opened ちゃんこ九重
  • アパホテル〈山形駅前〉 is scheduled to open in March 2028
  • Contracted operation of banquets at On the Page wedding facilities
  • Launched a membership benefits program for the On the Page Club
  • Implementing Salesforce, opening showrooms and promoting operational reforms
Key KPIsA metric the company considers important as a management benchmark.
  • Flexible office floor area
  • Sales per tsubo¥48,069
  • Number of hotels and residential training facilities33 Facility
  • RevPAR¥7,990
    Year on year against the same period last year-2.0%
  • Number of directly operated facilities nationwide249 Facility
  • Total number of facilities across the TKP Group421 Facilities including facilities not yet opened
Unit price and quantity metricsThese figures show sales broken down by price and volume.
Growth in average number of guests and revenue per party (figures Not disclosed)
Segment results
  • Space Revitalization and Distribution Business
    Net Sales¥29,510 million (cumulative) (YoY +18.2%)
    Operating profit¥4,019 million (cumulative) (YoY +23.0%)
  • Lilycolor Business
    Net Sales¥16,347 million (cumulative) (YoY +6.5%)
    Operating profit¥-52 million (cumulative)
  • ON THE PAGE,Inc. Business
    Net Sales¥23,697 million (cumulative) (YoY +144.2%)
    Operating profit¥724 million (cumulative) (YoY +483.0%)
Financial targets
The actual equity ratio of 29.7% is provided, but the financial target is Not disclosed
Market Size / Share
The number of facilities is provided for competitor comparison: TKP, 298 facilities; Competitor A, 32; B, 20; C, 20; D, 6 (nationwide)
Number of stores and locations
Number at period-end249 directly operated flexible offices, 298 directly operated, non-directly operated and referral facilities, 421 facilities across the TKP Group
Number of store openings and closures during the period26 new openings and 6 closures (flexible offices, cumulative Q2 of the fiscal year ending February 2027)
Annual Dividend
Annual dividend per share¥30
Breakdown
Interim0
End of period30
Payout ratio
Target a consolidated payout ratio of approximately 30%
Acquisition of treasury shares
Amount under the acquisition limit¥3,499 million total acquisition cost
Number of shares acquired¥1,954,500 million total acquisition cost
Unit (shares)Shares
Period12 June 2026 to 6 August 2026
Contents of this document
ItemDetails
Document typeFinancial results presentation
Fiscal Period CoveredFiscal year ending February 2027, second quarter
Net Sales¥69,403 million (cumulative) (YoY +39.1%)
Operating profit¥4,680 million (cumulative) (YoY +44.5%)
Ordinary income¥4,362 million (cumulative) (YoY +54.3%)
Net income¥2,456 million (cumulative, net income attributable to owners of the parent) (YoY +51.4%)
Gross Profit MarginRate 42.5 % (cumulative) / Year-on-year change (points) 1.8 % (cumulative)
Operating profit marginRate 6.7 % (cumulative) / Year-on-year change (points) 0.2 % (cumulative)
Results for the three months of the current quarterNet Sales ¥34,794 million (YoY +36.8%) / Operating profit ¥2,127 million (YoY +47.9%) / Ordinary income ¥1,995 million (YoY +70.7%) / Net income ¥1,262 million (YoY +132.0%)
Full-year earnings forecastNet Sales ¥146,000 million / Operating profit ¥11,000 million / Ordinary income ¥9,700 million / Net income for the current fiscal year ¥4,000 million
Progress against full-year forecastNet Sales 47.5% / Operating profit 42.6% / Ordinary income 45.0% / Net income for the current fiscal year 61.4%
Self-assessment against the planProgress is on track to meet the full-year earnings forecast. However, profits in the リリカラ business fell below the company's initial forecast.
Segment resultsSegment Space Revitalization and Distribution Business / Net Sales ¥29,510 million (cumulative) (YoY +18.2%) / Operating profit ¥4,019 million (cumulative) (YoY +23.0%), Segment Lilycolor Business / Net Sales ¥16,347 million (cumulative) (YoY +6.5%) / Operating profit ¥-52 million (cumulative), Segment ON THE PAGE,Inc. Business / Net Sales ¥23,697 million (cumulative) (YoY +144.2%) / Operating profit ¥724 million (cumulative) (YoY +483.0%)
Key KPIsIndicator name Flexible office floor area / Value Not disclosed / Year on year against the same period last year Not disclosed, Indicator name Sales per tsubo / Value ¥48,069 / Year on year against the same period last year Not disclosed, Indicator name Number of hotels and residential training facilities / Value 33 Facility / Year on year against the same period last year Not disclosed, Indicator name RevPAR / Value ¥7,990 / Year on year against the same period last year ¥-2, Indicator name Number of directly operated facilities nationwide / Value 249 Facility / Year on year against the same period last year Not disclosed, Indicator name Total number of facilities across the TKP Group / Value 421 Facilities (including facilities not yet opened) / Year on year against the same period last year Not disclosed
Unit price and quantity metricsGrowth in average number of guests and revenue per party (figures Not disclosed)
Number of stores and locationsNumber at period-end 249 directly operated flexible offices, 298 directly operated, non-directly operated and referral facilities, 421 facilities across the TKP Group / Number of store openings and closures during the period 26 new openings and 6 closures (flexible offices, cumulative Q2 of the fiscal year ending February 2027)
Assumptions Underlying the Business OutlookRevenue for each segment is expected to be weighted toward Q4. Numerical assumptions for foreign exchange rates, raw material prices and other factors are Not disclosed.
Financial targetsThe actual equity ratio of 29.7% is provided, but the financial target is Not disclosed
Annual DividendAnnual dividend per share ¥30 / Breakdown Interim 0 / End of period 30
Payout ratioTarget a consolidated payout ratio of approximately 30%
Acquisition of treasury sharesAmount under the acquisition limit ¥3,499 million (total acquisition cost) / Number of shares acquired ¥1,954,500 million (total acquisition cost) / Unit (shares) Shares / Period 12 June 2026 to 6 August 2026
Market Size / ShareThe number of facilities is provided for competitor comparison: TKP, 298 facilities; Competitor A, 32; B, 20; C, 20; D, 6 (nationwide)
New initiativesAcquired the remaining 65% stake in 味工房スイセン, making it a wholly owned subsidiary, Took on banquet operations at アルマリアン福岡 and will market them to corporate clients as TKP Garden City Tenjin, Opened TKP Osaka Umeda Conference Center ANNEX, Opened ちゃんこ九重, アパホテル〈山形駅前〉 is scheduled to open in March 2028, Contracted operation of banquets at On the Page wedding facilities, Launched a membership benefits program for the On the Page Club, Implementing Salesforce, opening showrooms and promoting operational reforms
Items this document does not state (8)
Selling, general and administrative expensesBreakdown of Factors Affecting the ChangeNumber of employeesRisk amount incorporated into the outlookMedium-term management plan targetsCapital 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.

In addition to the consolidation effect from the former エスクリ company, growth in the Space Regeneration and Distribution business drove consolidated results. In that business, the decline in office vacancy rates supported steady demand for short-term office rentals and training and seminar facilities. In the On the Page business, growth in the average number of wedding guests and revenue per wedding party in the bridal business, together with strong performance in the architectural and real estate business, contributed to results. Meanwhile, profits in the リリカラ business fell below the initial forecast because of higher procurement costs, construction delays and front-loaded costs related to the new sample book.

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Materials for the Results Briefing for the Second Quarter of the Fiscal Year Ending February 2027 | TKP Corporation (3479) timely disclosure | Komori