Worth reading
59In focus
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
101.1
% (year-on-year increase in net sales)Wording
Conditional
How definitive the wording is.Results for this period
First quarter1 March 2026–31 May 2026ConsolidatedJapanese GAAPNet Sales4,426¥ millionYear on year +101.1%Progress 28.6%
Operating profit530¥ millionYear on year +175.7%Progress 42.4%
Ordinary income414¥ millionYear on year +272.9%Progress 48.7%
Net income attributable to owners of the parent284¥ millionYear on year +352.6%
The 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.
Net income per share¥188.45
Financial position at period-end
Total assets17,365¥ million
of which net assets 4,225 ¥ millionEquity ratio 24.3%vs. prior year-end -3.2pt
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.
Segment revenueReal estate sales business ¥4,200,876 thousand (YoY +115.2%), Real Estate Leasing Business ¥154,071 thousand (YoY -19.3%), Property Management Business ¥71,667 thousand (YoY +24.5%)
Segment profitReal estate sales business ¥564,280 thousand (YoY +177.2%), Real Estate Leasing Business ¥7,449 thousand (YoY -78.2%), Property Management Business ¥29,572 thousand (YoY +49.4%)
Outlook and shareholder returns
Full-year earnings forecast
Net Sales¥15,500 million (YoY +14.4%)
Operating profit¥1,250 million (YoY +61.4%)
Ordinary income¥850 million (YoY +81.6%)
Profit attributable to owners of the parent¥530 million (YoY +79.8%)
Annual Dividend Forecast¥30.00 → ¥30.00（0.0）
Factors Behind Changes in Business Performance
The Company focused on acquiring whole-building income-producing real estate and sold 2 buildings, 2 subdivided office units and 1 residential building. It promoted acquisition, redevelopment and resale through rigorous planning and cost control. In the real estate leasing business, rental income from real estate held for sale decreased as the types of properties handled became more diverse.
Disclosure regarding the going concern assumption
No applicable matters (There are no applicable matters.)
Change in accounting policy
基準改正に伴う変更 Noそれ以外の変更 No見積りの変更 No修正再表示 No
Changes in the scope of consolidationNew Number of companies 0 / Company name Not disclosed / Excluded Number of companies 0 / Company name Not disclosed
Material subsequent eventsThe Company issued 10,000 common shares as restricted stock compensation, with total issue proceeds of ¥28,210,000. In addition, it issued 3,750 units of the seventh through ninth series of stock acquisition rights through a private placement. The number of potential shares is 375,000, and the estimated net proceeds are ¥1,279 million. The intended uses of the funds are ¥979 million for the acquisition of real estate held for sale and ¥300 million for growth investments in M&A and strategic alliances.
Depreciation and amortization¥8,085 thousand
Availability of Supplementary Financial Results MaterialsYes
Availability of Financial Results BriefingWhether applicable No / Subject person Not disclosed
Issued Shares at Period-End1,508,000
Treasury Shares at Period-End264
| Item | Details |
|---|---|
| Fiscal Period Classification | First quarter |
| Accounting standards | Japanese GAAP |
| Consolidated / non-consolidated | Consolidated |
| Period Covered | 1 March 2026–31 May 2026 |
| Net Sales | ¥4,426 million (YoY +101.1%) |
| Operating profit | ¥530 million (YoY +175.7%) |
| Ordinary income | ¥414 million (YoY +272.9%) |
| Profit attributable to owners of the parent | ¥284 million (YoY +352.6%) |
| Net income per share | ¥188.45 |
| Equity ratio | End of the current fiscal period 24.3 / End of previous period 27.5 |
| Total assets | ¥17,365 million |
| Net assets | ¥4,225 million |
| Full-year earnings forecast | Net Sales ¥15,500 million (YoY +14.4%) / Operating profit ¥1,250 million (YoY +61.4%) / Ordinary income ¥850 million (YoY +81.6%) / Profit attributable to owners of the parent ¥530 million (YoY +79.8%) |
| Annual Dividend Forecast | ¥30.00 → ¥30.00（0.0） |
| Segment revenue | Real estate sales business ¥4,200,876 thousand (YoY +115.2%), Real Estate Leasing Business ¥154,071 thousand (YoY -19.3%), Property Management Business ¥71,667 thousand (YoY +24.5%) |
| Segment profit | Real estate sales business ¥564,280 thousand (YoY +177.2%), Real Estate Leasing Business ¥7,449 thousand (YoY -78.2%), Property Management Business ¥29,572 thousand (YoY +49.4%) |
| Depreciation and amortization | ¥8,085 thousand |
| Disclosure regarding the going concern assumption | No applicable matters (There are 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 | New Number of companies 0 / Company name Not disclosed / Excluded Number of companies 0 / Company name Not disclosed |
| Material subsequent events | The Company issued 10,000 common shares as restricted stock compensation, with total issue proceeds of ¥28,210,000. In addition, it issued 3,750 units of the seventh through ninth series of stock acquisition rights through a private placement. The number of potential shares is 375,000, and the estimated net proceeds are ¥1,279 million. The intended uses of the funds are ¥979 million for the acquisition of real estate held for sale and ¥300 million for growth investments in M&A and strategic alliances. |
| Availability of Supplementary Financial Results Materials | Yes |
| Availability of Financial Results Briefing | Whether applicable No / Subject person Not disclosed |
| Issued Shares at Period-End | 1,508,000 |
| Treasury Shares at Period-End | 264 |
| Factors Behind Changes in Business Performance | The Company focused on acquiring whole-building income-producing real estate and sold 2 buildings, 2 subdivided office units and 1 residential building. It promoted acquisition, redevelopment and resale through rigorous planning and cost control. In the real estate leasing business, rental income from real estate held for sale decreased as the types of properties handled became more diverse. |
Items this document does not state (12)
Operating MarginCash flows from operating activitiesCash flows from investing activitiesCash flows from financing activitiesCash and cash equivalents at end of periodRevision to Earnings ForecastPayout ratioShareholder Return PolicyRegional salesOrders received and order backlogImpairment lossBreakdown of extraordinary income (loss)
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 focused on acquiring whole-building income-producing real estate and actively expanded its sourcing activities by property type. The primary factor was the promotion of property acquisition, redevelopment and resale through planning capabilities and strict cost control, targeting properties that meet market needs. In the real estate leasing business, rental income from real estate held for sale decreased as the types of properties handled became more diverse.
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.