Worth reading
61In focus
0–100. This measures how worthwhile something is to read, not how good or bad the company is.Direction
Mixed performance
Direction inferred from the company’s description.Scale
10.1
Year-on-year change in ordinary profit (%)Wording
Conditional
How definitive the wording is.Contents of this document
Presentation materials for financial resultsFirst quarter of the fiscal year ending December 20267 items taken from the company’s own explanation
Financial Results Figures (The key points of this material are explained below)
Net Sales¥15,287 million-7.2%
Ordinary income¥1,790 million+10.1%
Gross Profit Margin20.9
Selling, general and administrative expenses¥1,152 million
Results for the three months of the current quarter
Net Sales
¥15,287 million
Gross profit
32 Hundreds of millions of yen
Ordinary income
¥1,790 million
Full-year earnings forecast
Net Sales
¥75,000 million
Gross profit
¥14,500 million
Operating profit
¥8,500 million
Ordinary income
¥7,500 million
Net income for the current fiscal year
¥5,130 million
Earnings per share
¥320.4
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 Sales20.4%
Ordinary income23.9%
Development Business revenue35.9%
Number of Development Business residences sold35.0%
Land Planning Business revenue4.8%
Number of Land Planning Business sales12.0%
Regeneration Business revenue0.9%
Number of buildings acquired by the Regeneration Business41.7%
What the company explained in this material
Self-assessment against the planThe company's self-assessment against its own plan.
Progressing smoothly / broadly in line with planAssumptions Underlying the Business OutlookThe assumptions used by the company in preparing its forecast.
- Exchange rateAround ¥156 per US dollar
- Policy rate0.75 Approximately %
- Long-term interest ratesIn the 2.4% range
New initiatives
- Developed and introduced a product that uses real estate big data in the land acquisition process of the Land Planning Business
- Began developing the Land Planning Business targeting transfers of land associated with inheritance
- Building a business model that accelerates cash collection through the use of SPCs
- Reducing interest rate risk by expanding the Land Planning Business and Regeneration Business
Key KPIsA metric the company considers important as a management benchmark.
- Number of residences sold265 units
- Number of Development Business units under sales contracts636 units
- Number of Land Planning Business sales3 Engagements
- Number of buildings acquired by the Regeneration Business5 buildingsYear on year against the same period last year+400.0%
- Number of buildings sold by the Regeneration Business0 buildings
Segment results
Development Business
Net Sales
140 Hundreds of millions of yen
Year-on-year change in revenue-24.9%
Land Planning Business
Net Sales
9 Hundreds of millions of yen
Year-on-year change in revenue+200.0%
Regeneration Business
Net Sales
1 Hundreds of millions of yen
Medium-term management plan targets
Plan nameGLM100
Target fiscal yearFY2027.12
Net Sales
1,000 Hundreds of millions of yen
Gross profit
170 Hundreds of millions of yen
Ordinary income
100 Hundreds of millions of yen
Comparison with actual resultsThe fiscal year ending December 2025 finished above the initial plan
Financial targets
Equity ratio
TargetAt least 30%
Actual results31.3% (fiscal year ending December 2025)
ROE
Target25% or higher
Actual results34.8% (fiscal year ending December 2025)
| Item | Details |
|---|---|
| Document type | Presentation materials for financial results |
| Fiscal Period Covered | First quarter of the fiscal year ending December 2026 |
| Net Sales | ¥15,287 million (YoY -7.2%) |
| Ordinary income | ¥1,790 million (YoY +10.1%) |
| Gross Profit Margin | 20.9 |
| Selling, general and administrative expenses | ¥1,152 million |
| Results for the three months of the current quarter | Net Sales ¥15,287 million / Gross profit 32 Hundreds of millions of yen / Ordinary income ¥1,790 million |
| Full-year earnings forecast | Net Sales ¥75,000 million / Gross profit ¥14,500 million / Operating profit ¥8,500 million / Ordinary income ¥7,500 million / Net income for the current fiscal year ¥5,130 million / Earnings per share ¥320.4 |
| Progress against full-year forecast | Net Sales 20.4% / Gross profit Not disclosed / Ordinary income 23.9% / Development Business revenue 35.9% / Number of Development Business residences sold 35.0% / Land Planning Business revenue 4.8% / Number of Land Planning Business sales 12.0% / Regeneration Business revenue 0.9% / Number of buildings acquired by the Regeneration Business 41.7% |
| Self-assessment against the plan | Progressing smoothly / broadly in line with plan |
| Segment results | Development Business Net Sales 140 Hundreds of millions of yen / Profit Not disclosed / Year-on-year change in revenue -24.9% / Land Planning Business Net Sales 9 Hundreds of millions of yen / Profit Not disclosed / Year-on-year change in revenue +200.0% / Regeneration Business Net Sales 1 Hundreds of millions of yen / Profit Not disclosed / Year-on-year change in revenue Not disclosed |
| Key KPIs | Indicator name Number of residences sold / Value 265 units / Year on year against the same period last year Not disclosed, Indicator name Number of Development Business units under sales contracts / Value 636 units / Year on year against the same period last year Not disclosed, Indicator name Number of Land Planning Business sales / Value 3 Engagements / Year on year against the same period last year Not disclosed, Indicator name Number of buildings acquired by the Regeneration Business / Value 5 buildings / Year on year against the same period last year +400.0%, Indicator name Number of buildings sold by the Regeneration Business / Value 0 buildings / Year on year against the same period last year Not disclosed |
| Assumptions Underlying the Business Outlook | Item Exchange rate / Value Around ¥156 per US dollar, Item Policy rate / Value 0.75 Approximately %, Item Long-term interest rates / Value In the 2.4% range |
| Medium-term management plan targets | Plan name GLM100 / Target fiscal year FY2027.12 / Net Sales 1,000 Hundreds of millions of yen / Gross profit 170 Hundreds of millions of yen / Ordinary income 100 Hundreds of millions of yen / Comparison with actual results The fiscal year ending December 2025 finished above the initial plan |
| Financial targets | Equity ratio Target At least 30% / Actual results 31.3% (fiscal year ending December 2025) / ROE Target 25% or higher / Actual results 34.8% (fiscal year ending December 2025) |
| New initiatives | Developed and introduced a product that uses real estate big data in the land acquisition process of the Land Planning Business, Began developing the Land Planning Business targeting transfers of land associated with inheritance, Building a business model that accelerates cash collection through the use of SPCs, Reducing interest rate risk by expanding the Land Planning Business and Regeneration Business |
Items this document does not state (15)
Operating profitNet incomeOperating profit marginBreakdown of Factors Affecting the ChangeUnit price and quantity metricsNumber of stores and locationsNumber of employeesRisk amount incorporated into the outlookAnnual DividendPayout ratioAcquisition of treasury sharesCapital expendituresOrders received and order backlogMarket Size / ShareKey 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.Revenue declined in the Regeneration Business because the timing of revenue recognition shifted to the second quarter, while profit increased as the gross profit margin in the Development Business improved, raising profitability.
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