Worth reading
73In 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
71.3
Year-on-year change in revenue (%)Wording
Conditional
How definitive the wording is.Contents of this document
Supplementary materials to the earnings reportFiscal year ending February 2027, second quarter10 items taken from the company’s own explanation
Financial Results Figures (The key points of this material are explained below)
Net Sales¥9,013 million+71.3%
Operating profit¥820 million+147.3%
Ordinary income¥613 million+290.4%
Net income¥396 million+343.9%
Operating profit margin9.1 %
Results for the three months of the current quarter
Net Sales
¥4,587 million
Operating profit
¥289 million
Full-year earnings forecast
Net Sales
¥15,500 million
Operating profit
¥1,250 million
Ordinary income
¥850 million
Net income for the current fiscal year
¥530 million
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 Sales58.2 %
Operating profit65.6 %
Ordinary income72.1 %
Net income for the current fiscal year74.8 %
What the company explained in this material
New initiatives
- Opening of the Joto branch
- Strengthened sales of properties priced at ¥1 billion or less through 富士ホーム
- Diversification of real estate sales products
- Strengthening business alliances and M&A
- Diversification of funding methods using the issuance of Series 7 to Series 9 stock acquisition rights
Key KPIsA metric the company considers important as a management benchmark.
- Number of properties sold12 Engagements
- Average sale price of single-building income-producing properties¥12.2 hundred million
- Total rent increase rate for Bunkyo Ward properties14 %
- Equity ratio25.9 %
- Tokyo vacancy rate1.5 %
Unit price and quantity metricsThese figures show sales broken down by price and volume.
- Number of properties sold12 Engagements
- Average sale price of single-building income-producing properties¥12.2 hundred million
Segment results
- Real estate sales businessNet Sales¥8,568 millionSegment profit¥900 millionYear on year against the same period last yearRevenue mix 95.1%, segment profit year on year +143.6%
- Real Estate Leasing BusinessNet Sales¥293 millionSegment profit¥33 millionYear on year against the same period last yearRevenue mix 3.3%, segment profit year on year △55.5%
- Property Management BusinessNet Sales¥152 millionSegment profit¥55 millionYear on year against the same period last yearRevenue mix 1.7%, segment profit year on year +36.4%
Medium-term management plan targets
Fiscal year ending February 2029
Operating profit¥1.8 billion
Operating profit per person¥30 million
ROE12% or more
Comparison with actual results
Operating profit for the fiscal year ended February 2026¥770 million
Operating profit per person, fiscal year ending February 2026¥10.19 million
ROE, fiscal year ending February 20268.5%
Financial targets
ROE
Fiscal year ended February 2026 results8.5%
Target for the fiscal year ending February 202912% or more
Equity ratio25.9%
Market Size / Share
Tokyo vacancy rate1.5%
Number of stores and locations
Number at period-end3 locations
Number of store openings and closures during the periodOpened the Joto branch in September
Number of employees
Number of Employees68 people
Reference dateAs of the end of February 2026, on a nonconsolidated basis and excluding employees seconded to other entities
Annual Dividend
Annual dividend per share¥30
| Item | Details |
|---|---|
| Document type | Supplementary materials to the earnings report |
| Fiscal Period Covered | Fiscal year ending February 2027, second quarter |
| Net Sales | ¥9,013 million (YoY +71.3%) |
| Operating profit | ¥820 million (YoY +147.3%) |
| Ordinary income | ¥613 million (YoY +290.4%) |
| Net income | ¥396 million (YoY +343.9%) |
| Operating profit margin | 9.1 % |
| Results for the three months of the current quarter | Net Sales ¥4,587 million / Operating profit ¥289 million |
| Full-year earnings forecast | Net Sales ¥15,500 million / Operating profit ¥1,250 million / Ordinary income ¥850 million / Net income for the current fiscal year ¥530 million |
| Progress against full-year forecast | Net Sales 58.2 % / Operating profit 65.6 % / Ordinary income 72.1 % / Net income for the current fiscal year 74.8 % |
| Segment results | Segment Real estate sales business / Net Sales ¥8,568 million / Segment profit ¥900 million / Year on year against the same period last year Revenue mix 95.1%, segment profit year on year +143.6%, Segment Real Estate Leasing Business / Net Sales ¥293 million / Segment profit ¥33 million / Year on year against the same period last year Revenue mix 3.3%, segment profit year on year △55.5%, Segment Property Management Business / Net Sales ¥152 million / Segment profit ¥55 million / Year on year against the same period last year Revenue mix 1.7%, segment profit year on year +36.4% |
| Key KPIs | Indicator name Number of properties sold / Value 12 Engagements / Year on year against the same period last year Not disclosed, Indicator name Average sale price of single-building income-producing properties / Value ¥12.2 hundred million / Year on year against the same period last year Not disclosed, Indicator name Total rent increase rate for Bunkyo Ward properties / Value 14 % / Year on year against the same period last year Not disclosed, Indicator name Equity ratio / Value 25.9 % / Year on year against the same period last year Not disclosed, Indicator name Tokyo vacancy rate / Value 1.5 % / Year on year against the same period last year Not disclosed |
| Unit price and quantity metrics | Indicator name Number of properties sold / Value 12 Engagements, Indicator name Average sale price of single-building income-producing properties / Value ¥12.2 hundred million |
| Number of stores and locations | Number at period-end 3 locations / Number of store openings and closures during the period Opened the Joto branch in September |
| Number of employees | Number of Employees 68 people / Reference date As of the end of February 2026, on a nonconsolidated basis and excluding employees seconded to other entities / Changes during the period and hiring plan Not disclosed |
| Medium-term management plan targets | Subject Fiscal year ending February 2029 / Operating profit ¥1.8 billion / Operating profit per person ¥30 million / ROE 12% or more / Comparison with actual results Operating profit for the fiscal year ended February 2026 ¥770 million / Operating profit per person, fiscal year ending February 2026 ¥10.19 million / ROE, fiscal year ending February 2026 8.5% |
| Financial targets | ROE Fiscal year ended February 2026 results 8.5% / Target for the fiscal year ending February 2029 12% or more / Equity ratio 25.9% |
| Annual Dividend | Annual dividend per share ¥30 / Interim and Year-End Breakdown Not disclosed |
| Market Size / Share | Tokyo vacancy rate 1.5% |
| New initiatives | Opening of the Joto branch, Strengthened sales of properties priced at ¥1 billion or less through 富士ホーム, Diversification of real estate sales products, Strengthening business alliances and M&A, Diversification of funding methods using the issuance of Series 7 to Series 9 stock acquisition rights |
Items this document does not state (11)
Gross Profit MarginSelling, general and administrative expensesSelf-assessment against the planBreakdown of Factors Affecting the ChangeAssumptions Underlying the Business OutlookRisk amount incorporated into the outlookPayout ratioAcquisition of treasury sharesCapital 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.The Company sold 12 buildings in the first half, and sales of single-building income-producing properties also progressed. In real estate sales, larger properties and an increase in the number of properties handled supported growth, while 富士ホーム contributed to higher revenue and profit in real estate management. Meanwhile, real estate leasing revenue temporarily declined due to property sales.
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.