Worth reading
51Recurring
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
1780
million yenWording
Conditional
How definitive the wording is.Contents of this document
Earnings presentationFirst quarter of the fiscal year ending March 20277 items taken from the company’s own explanation
Financial Results Figures (The key points of this material are explained below)
Net Sales4,735 million yen+60.2%
Operating profit252 million yen
Ordinary income117 million yen
Net income64 million yen
Gross Profit Margin23.7 %
Operating profit margin5.3 %
Results for the three months of the current quarter
Net Sales
4,735 million yen
Operating profit
252 million yen
Ordinary income
117 million yen
Net income
64 million yen
Full-year earnings forecast
Net Sales
37,000 million yen
Operating profit
6,300 million yen
Ordinary income
5,800 million yen
Net income
3,800 million yen
What the company explained in this material
Breakdown of Factors Affecting the ChangeReasons cited by the Company for the change in the figures.
Change in operating profit
Gross profit from the real estate investment support business
434 million yen
Gross profit from the real estate management business
53 million yen
Advertising expenses
-28 million yen
Brokerage commissions
-85 million yen
Recruiting and training expenses
-166 million yen
Rent
-149 million yen
Other SG&A expenses
-42 million yen
New initiatives
- Introduction of a progressive dividend policy
- Launch of the new “TOKYO MODULE” brand
- Launch of the new “MIDHOUSE” brand
- Promotion of the development of the luxury rental residence “THE GRANDUO”
- Improving operational efficiency through the use of AI and DX
- Share Repurchases
Key KPIsA metric the company considers important as a management benchmark.
- Number of buildings completed8 buildings
- Number of development projects40 Engagements
- Completed land acquisitions7 Engagements
- Occupancy Rate98.6 %
- Buildings under management225 buildingsYear on year against the same period last year-1.0%
- Units under management2,654 unitsYear on year against the same period last year-155.0%
Unit price and quantity metricsThese figures show sales broken down by price and volume.
Number of sales
Real estate products
3 Engagements
Year on year against the same period last year+2.0%
Construction products
1 Engagements
Year on year against the same period last year0.0%
Segment results
Real estate investment support business
Net Sales
4,495 million yen+66.0%
Profit
190 million yen
Real estate management business
Net Sales
239 million yen-2.8%
Profit
61 million yen+5.7%
Annual Dividend
¥45 per share
Acquisition of treasury shares
Number of shares acquired160,000 shares (maximum)
Acquisition price¥100,000,000 (maximum)
Period17 August 2026 to 13 November 2026
| Item | Details |
|---|---|
| Document type | Earnings presentation |
| Fiscal Period Covered | First quarter of the fiscal year ending March 2027 |
| Net Sales | 4,735 million yen (YoY +60.2%) |
| Operating profit | 252 million yen |
| Ordinary income | 117 million yen |
| Net income | 64 million yen |
| Gross Profit Margin | 23.7 % |
| Operating profit margin | 5.3 % |
| Results for the three months of the current quarter | Net Sales 4,735 million yen / Operating profit 252 million yen / Ordinary income 117 million yen / Net income 64 million yen |
| Full-year earnings forecast | Net Sales 37,000 million yen / Operating profit 6,300 million yen / Ordinary income 5,800 million yen / Net income 3,800 million yen |
| Segment results | Real estate investment support business Net Sales 4,495 million yen (YoY +66.0%) / Profit 190 million yen / Real estate management business Net Sales 239 million yen (YoY -2.8%) / Profit 61 million yen (YoY +5.7%) |
| Breakdown of Factors Affecting the Change | Change in operating profit Gross profit from the real estate investment support business 434 million yen / Gross profit from the real estate management business 53 million yen / Advertising expenses -28 million yen / Brokerage commissions -85 million yen / Recruiting and training expenses -166 million yen / Rent -149 million yen / Other SG&A expenses -42 million yen |
| Key KPIs | Indicator name Number of buildings completed / Value 8 buildings / Year on year against the same period last year Not disclosed, Indicator name Number of development projects / Value 40 Engagements / Year on year against the same period last year Not disclosed, Indicator name Completed land acquisitions / Value 7 Engagements / Year on year against the same period last year Not disclosed, Indicator name Occupancy Rate / Value 98.6 % / Year on year against the same period last year Not disclosed, Indicator name Buildings under management / Value 225 buildings / Year on year against the same period last year -1 buildings, Indicator name Units under management / Value 2,654 units / Year on year against the same period last year -155 units |
| Unit price and quantity metrics | Number of sales Real estate products 3 Engagements / Construction products 1 Engagements / Average selling price Not disclosed / Selling price per tsubo Not disclosed |
| Annual Dividend | ¥45 per share |
| Acquisition of treasury shares | Number of shares acquired 160,000 shares (maximum) / Acquisition price ¥100,000,000 (maximum) / Period 17 August 2026 to 13 November 2026 |
| New initiatives | Introduction of a progressive dividend policy, Launch of the new “TOKYO MODULE” brand, Launch of the new “MIDHOUSE” brand, Promotion of the development of the luxury rental residence “THE GRANDUO”, Improving operational efficiency through the use of AI and DX, Share Repurchases |
Items this document does not state (14)
Selling, general and administrative expensesProgress against full-year forecastSelf-assessment against the planNumber of stores and locationsNumber of employeesAssumptions Underlying the Business OutlookRisk amount incorporated into the outlookMedium-term management plan targetsFinancial targetsPayout ratioCapital 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.The primary reasons were strong sales, along with an increase in gross profit in the Real Estate Investment Support Business due to the higher number of properties sold and the larger scale of real estate products. In operating profit, higher brokerage fees, rent and lease expenses associated with the head office relocation, and recruitment and training expenses were negative factors.
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.
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