Results for this period
Interim period (second quarter)1 November 2025 to 30 April 2026ConsolidatedJapanese 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 number of properties under management increased by 3,740 from the same period of the previous year to 103,040, and sales from real estate leasing-related services, including rent income from student apartments, remained strong. On the other hand, expenses including guaranteed rent, depreciation of company-owned properties, food costs, and taxes and dues increased. Gains on the sale of company-owned properties and investment securities were also recorded as extraordinary income.
No applicable matters
| Item | Details |
|---|---|
| Fiscal Period Classification | Interim period (second quarter) |
| Accounting standards | Japanese GAAP |
| Consolidated / non-consolidated | Consolidated |
| Period Covered | 1 November 2025 to 30 April 2026 |
| Net Sales | ¥45,837 million (YoY +8.4%) |
| Operating profit | ¥8,653 million (YoY +9.1%) |
| Ordinary income | ¥8,507 million (YoY +10.4%) |
| Profit attributable to owners of the parent | ¥6,654 million (YoY +28.8%) |
| Net income per share | ¥315.86 |
| Equity ratio | End of the current fiscal period 46.5 / End of previous period 46.8 |
| Total assets | ¥99,202 million |
| Net assets | ¥46,094 million |
| Cash flows from operating activities | ¥9,075,125 thousand |
| Cash flows from investing activities | ¥-3,728,730 thousand |
| Cash flows from financing activities | ¥-387,322 thousand |
| Cash and cash equivalents at end of period | ¥22,245,547 thousand |
| Full-year earnings forecast | Net Sales ¥81,826 million (YoY +7.6%) / Operating profit ¥9,159 million (YoY +19.6%) / Ordinary income ¥8,731 million (YoY +18.8%) / Profit attributable to owners of the parent ¥5,935 million (YoY +15.2%) |
| Annual Dividend Forecast | ¥105 per share → ¥0 per share（-100.0%） |
| Depreciation and amortization | ¥1,027,661 thousand |
| Breakdown of extraordinary income (loss) | Extraordinary income Gain on sale of non-current assets ¥800,228 thousand, Gain on sale of investment securities ¥498,870 thousand / Extraordinary loss Loss on Disposal of Fixed Assets ¥36 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 |
| Changes in the scope of consolidation | 0 additions and 0 exclusions (no material changes) |
| Material subsequent events | Regarding a tender offer by Ｕｒｓａ ４株式会社 for the company's shares and stock acquisition rights, the board of directors resolved to express a favorable opinion and recommend that shareholders tender their shares. Through a series of procedures, the tender offeror intends to make the company a wholly owned subsidiary and delist its shares. |
| Availability of Supplementary Financial Results Materials | Yes |
| Availability of Financial Results Briefing | None (for institutional investors and analysts) |
| Issued Shares at Period-End | 21,961,200 Shares |
| Treasury Shares at Period-End | 888,178 Shares |
| Factors Behind Changes in Business Performance | The number of properties under management increased by 3,740 from the same period of the previous year to 103,040, and sales from real estate leasing-related services, including rent income from student apartments, remained strong. On the other hand, expenses including guaranteed rent, depreciation of company-owned properties, food costs, and taxes and dues increased. Gains on the sale of company-owned properties and investment securities were also recorded as extraordinary income. |
Items this document does not state (9)
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 cited strong performance in rent income from student apartments and other factors, driven by an increase in the number of properties under management, as well as gains on the sale of company-owned properties and investment securities recorded as extraordinary income. No reason for the decision to pay no dividend was stated in the main text.