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How definitive the wording is.Contents of this document
Summary of Q&AFirst 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)
Ordinary incomeIncrease from the same period of the previous year (amount Not disclosed)
Gross Profit MarginThe gross profit margin in the development business rose above the level assumed in the medium-term management plan, but the margin and the year-on-year change in percentage points were Not disclosed
Results for the three months of the current quarterThe first quarter ended with record-high profit, but the amount was Not disclosed
Full-year earnings forecastFull-year forecasts remain unchanged. Forecasts by line item were Not disclosed
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。The progress rate was Not disclosed. The company explained that properties in the property regeneration business for which sales contracts have been signed are progressing smoothly against the full-year plan
What the company explained in this material
Self-assessment against the planThe company's self-assessment against its own plan.
The company recognizes that it is progressing smoothly against the full-year plan and toward achieving the planKey points of the Q&AKey questions raised by investors at the briefing and the company's answers
The situation in the Middle East, supply constraints, rising interest rates, the factors behind the first quarter's decline in revenue and increase in profit, the outlook for the second half, price pass-through and rent trends, investor demand, the acquisition environment, the use of SPCs, share price performance and IR policyBreakdown of Factors Affecting the ChangeReasons cited by the Company for the change in the figures.
The shift in the timing of the sale of one property in the property regeneration business and the increase in the development business's gross profit margin
Assumptions Underlying the Business OutlookThe assumptions used by the company in preparing its forecast.
Profit is expected to be weighted more heavily toward the second half of the fiscal year. Numerical assumptions were Not disclosedNew initiatives
Building a framework for establishing SPCs (special-purpose companies) and communicating with investors. Transforming the business model toward GLM1000Segment results
The gross profit margin rose in the development business, while the sale of one property in the property regeneration business shifted to the second quarter. Revenue and profit figures were Not disclosedMedium-term management plan targets
The medium-term management plan was referenced, but its target figures, target fiscal year and comparison with actual results were Not disclosed. The company also referred to transforming its business model toward GLM1000| Item | Details |
|---|---|
| Document type | Summary of Q&A |
| Fiscal Period Covered | First quarter of the fiscal year ending December 2026 |
| Ordinary income | Increase from the same period of the previous year (amount Not disclosed) |
| Gross Profit Margin | The gross profit margin in the development business rose above the level assumed in the medium-term management plan, but the margin and the year-on-year change in percentage points were Not disclosed |
| Results for the three months of the current quarter | The first quarter ended with record-high profit, but the amount was Not disclosed |
| Full-year earnings forecast | Full-year forecasts remain unchanged. Forecasts by line item were Not disclosed |
| Progress against full-year forecast | The progress rate was Not disclosed. The company explained that properties in the property regeneration business for which sales contracts have been signed are progressing smoothly against the full-year plan |
| Self-assessment against the plan | The company recognizes that it is progressing smoothly against the full-year plan and toward achieving the plan |
| Segment results | The gross profit margin rose in the development business, while the sale of one property in the property regeneration business shifted to the second quarter. Revenue and profit figures were Not disclosed |
| Breakdown of Factors Affecting the Change | The shift in the timing of the sale of one property in the property regeneration business and the increase in the development business's gross profit margin |
| Assumptions Underlying the Business Outlook | Profit is expected to be weighted more heavily toward the second half of the fiscal year. Numerical assumptions were Not disclosed |
| Medium-term management plan targets | The medium-term management plan was referenced, but its target figures, target fiscal year and comparison with actual results were Not disclosed. The company also referred to transforming its business model toward GLM1000 |
| Key points of the Q&A | The situation in the Middle East, supply constraints, rising interest rates, the factors behind the first quarter's decline in revenue and increase in profit, the outlook for the second half, price pass-through and rent trends, investor demand, the acquisition environment, the use of SPCs, share price performance and IR policy |
| New initiatives | Building a framework for establishing SPCs (special-purpose companies) and communicating with investors. Transforming the business model toward GLM1000 |
Items this document does not state (17)
Net SalesOperating profitNet incomeOperating profit marginSelling, general and administrative expensesKey KPIsUnit price and quantity metricsNumber of stores and locationsNumber of employeesRisk amount incorporated into the outlookFinancial targetsAnnual DividendPayout ratioAcquisition of treasury sharesCapital expendituresOrders received and order backlogMarket Size / Share
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 because the sale of one property in the property regeneration business shifted from the first quarter to the second quarter. However, ordinary profit increased because the gross profit margin in the development business rose above the level assumed in the medium-term management plan. The company also explained that, driven by excess demand in the Tokyo metropolitan area and rising rents, it has been able to pass higher costs on to sales prices.
How to read this page
This is not the documentKomori reads the disclosure the company filed and writes this summary. Figures are as stated by the company and are not audited.
Weight is not a verdictIt measures how much this changes what the company had already told the market. It is not a view on the shares.
Corrections happenIf the company reissues this disclosure, the page is rebuilt from the corrected version and the revision number moves up.