Worth reading
72In focus
Scored from 5 of 6 sectionsDirection
Mixed performance
Direction inferred from the company’s description.Scale
20.3
Year-on-year revenue decline (%)Wording
Conditional
How definitive the wording is.Contents of this document
Financial results presentationSecond quarter of the fiscal year ending December 20268 items taken from the company’s own explanation
Financial Results Figures (The key points of this material are explained below)
Net Sales¥284 100 million-20.3%
Ordinary income¥26 100 million-35.6%
Gross Profit Margin19.7%
Selling, general and administrative expenses¥1,168 million
Results for the three months of the current quarter
Net Sales
¥13,137 million
Ordinary income
¥900 million
Selling, general and administrative expenses
¥1,168 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
¥320.40
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 Sales37.9%
Ordinary income35.9%
Development Business revenue51.5%
Number of Development Business residences sold53.6%
Land Planning Business revenue15.5%
Number of Land Planning Business sales20.0%
Regeneration Business revenue30.9%
Number of buildings sold by the Regeneration Business44.4%
Number of buildings acquired by the Regeneration Business60.0%
What the company explained in this material
Self-assessment against the planThe company's self-assessment against its own plan.
The company sees no problem in achieving its full-year plan / It expects to comfortably achieve its full-year planNew initiatives
- Make SAGLアドバイザーズ a wholly owned subsidiary and change its name to GLキャピタルマネジメント (GLCM)
- Establish a structure for pursuing development through SPCs
- Acquire treasury shares for use in share-based compensation for executives and managers
- Develop and introduce a product that uses real estate big data in the land acquisition process
Key KPIsA metric the company considers important as a management benchmark.
- Number of residences sold406 unitsYear on year against the same period last year--
- Hotels sold0 propertiesYear on year against the same period last year--
- Number of Land Planning Business sales5 itemsYear on year against the same period last year±0.0%
- Number of buildings sold by the Regeneration Business4 propertiesYear on year against the same period last year+50.0%
- Number of buildings acquired by the Regeneration Business6 properties
- Development business residential units contracted for sale636 units
Segment results
Development Business
Net Sales¥20.1 billion
Year on year against the same period last year-39.7%
Number of residences sold406 units
Land Planning Business
Net Sales¥3.1 billion
Year on year against the same period last year±0.0%
Number of sales5 items
Regeneration Business
Net Sales¥4.9 billion
Year on year against the same period last year+33.3%
Number of homes sold4 properties
Properties acquired6 properties
Medium-term management plan targets
GLM100
Target fiscal yearFY2027.12
Net Sales¥100 billion
Gross profit¥17.0 billion
Ordinary income¥10.0 billion
GLM1000
Target fiscal year2040
Ordinary income¥100 billion
Financial targets
Equity ratioAt least 30% (31.3% actual for the fiscal year ended December 2025)
ROEAt least 25% (34.8% actual for the fiscal year ended December 2025)
Market Size / Share
Potential demand for Japanese real estate¥3.3 trillion
Acquisition of treasury shares
Buyback limit¥300 million and 180,000 shares
| Item | Details |
|---|---|
| Document type | Financial results presentation |
| Fiscal Period Covered | Second quarter of the fiscal year ending December 2026 |
| Net Sales | ¥284 100 million (YoY -20.3%) |
| Ordinary income | ¥26 100 million (YoY -35.6%) |
| Gross Profit Margin | 19.7% |
| Selling, general and administrative expenses | ¥1,168 million |
| Results for the three months of the current quarter | Net Sales ¥13,137 million / Ordinary income ¥900 million / Selling, general and administrative expenses ¥1,168 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 ¥320.40 |
| Progress against full-year forecast | Net Sales 37.9% / Gross profit Not disclosed / Ordinary income 35.9% / Development Business revenue 51.5% / Number of Development Business residences sold 53.6% / Land Planning Business revenue 15.5% / Number of Land Planning Business sales 20.0% / Regeneration Business revenue 30.9% / Number of buildings sold by the Regeneration Business 44.4% / Number of buildings acquired by the Regeneration Business 60.0% |
| Self-assessment against the plan | The company sees no problem in achieving its full-year plan / It expects to comfortably achieve its full-year plan |
| Segment results | Development Business Net Sales ¥20.1 billion / Year on year against the same period last year -39.7% / Number of residences sold 406 units / Land Planning Business Net Sales ¥3.1 billion / Year on year against the same period last year ±0.0% / Number of sales 5 items / Regeneration Business Net Sales ¥4.9 billion / Year on year against the same period last year +33.3% / Number of homes sold 4 properties / Properties acquired 6 properties |
| Key KPIs | Indicator name Number of residences sold / Value 406 units / Year on year against the same period last year --, Indicator name Hotels sold / Value 0 properties / Year on year against the same period last year --, Indicator name Number of Land Planning Business sales / Value 5 items / Year on year against the same period last year ±0.0%, Indicator name Number of buildings sold by the Regeneration Business / Value 4 properties / Year on year against the same period last year +50.0%, Indicator name Number of buildings acquired by the Regeneration Business / Value 6 properties / Year on year against the same period last year Not disclosed, Indicator name Development business residential units contracted for sale / Value 636 units / Year on year against the same period last year Not disclosed |
| Medium-term management plan targets | GLM100 Target fiscal year FY2027.12 / Net Sales ¥100 billion / Gross profit ¥17.0 billion / Ordinary income ¥10.0 billion / GLM1000 Target fiscal year 2040 / Ordinary income ¥100 billion |
| Financial targets | Equity ratio At least 30% (31.3% actual for the fiscal year ended December 2025) / ROE At least 25% (34.8% actual for the fiscal year ended December 2025) |
| Acquisition of treasury shares | Buyback limit ¥300 million and 180,000 shares / Period Not disclosed |
| Market Size / Share | Potential demand for Japanese real estate ¥3.3 trillion |
| New initiatives | Make SAGLアドバイザーズ a wholly owned subsidiary and change its name to GLキャピタルマネジメント (GLCM), Establish a structure for pursuing development through SPCs, Acquire treasury shares for use in share-based compensation for executives and managers, Develop and introduce a product that uses real estate big data in the land acquisition process |
Items this document does not state (14)
Operating profitNet incomeOperating profit marginBreakdown of Factors Affecting the ChangeUnit price and quantity metricsNumber of stores and locationsNumber of employeesAssumptions Underlying the Business OutlookRisk amount incorporated into the outlookAnnual DividendPayout ratioCapital 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 strong revenue and profit generated in the second quarter of the previous year, purchases of adjacent land progressed well in the Land Planning business. The timing of sales for certain projects was therefore moved to the second half of the fiscal year to increase their value before sale. In the Property Revitalization business, the planned number of properties to be acquired was also changed from 12 to 10 due to the handling of a large-scale property.
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.