Komori
Results3494Mullion Co.,Ltd.Real Estate

Summary of Financial Results for the Fiscal Year Ending September 2026 [Japanese GAAP] (Non-consolidated)

In the fiscal year ended September 2026, revenue, operating income, ordinary income and net income all fell below the previous fiscal year, mainly due to a decline in real estate sales. The company also expects lower revenue and profit in the fiscal year ending September 2027, with the annual dividend forecast to decrease from ¥7, including commemorative and special dividends, to ¥6 in regular dividends.

Worth reading
40Recurring
Scored from 5 of 6 sections
Direction
Deterioration
Direction inferred from the company’s description.
Scale
17.8
% (year-on-year decrease in revenue)
Wording
Conditional
How definitive the wording is.

Results for this period

Full year1 October 2025–30 September 2026Non-consolidated (separate)Japanese GAAP
Net Sales2,673¥ millionYear on year -17.8%Progress 133.7%
Operating profit711¥ millionYear on year -18.7%Progress 118.5%
Ordinary income487¥ millionYear on year -26.7%Progress 162.3%
Net income attributable to owners of the parent332¥ millionYear on year -27.6%Progress 166.0%

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¥42.46
Operating Margin26.6%
Financial position at period-end
Total assets18,902¥ million
of which net assets 5,057 ¥ millionEquity ratio 26.7%vs. prior year-end +1.4pt

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.

Cash inflows and outflows
Operating+1,166
Investment-1,357
Financials-71
Net change-262

Stacked from zero: upward is an increase in cash, downward a decrease (in ¥ million).The net change represented by the dotted line is the total of three items, calculated from figures provided by the company.

Cash and cash equivalents at end of period¥1,539 million
Outlook and shareholder returns
Full-year earnings forecast
Net Sales¥2,000 million (YoY -25.2%)
Operating profit¥600 million (YoY -15.6%)
Ordinary income¥300 million (YoY -38.5%)
Net income¥200 million (YoY -39.9%)
Annual Dividend Forecast¥7 → ¥6(-14.3%)
Payout ratio16.5% for the fiscal year ended September 2026; forecast of 23.5% for the fiscal year ending September 2027
Factors Behind Changes in Business Performance

Revenue from real estate sales decreased 34.4% year on year. Real estate rental services decreased 3.5%, while real estate securitization services increased 2.6%. The company took a cautious approach to acquiring new rental properties and selectively sold properties held.

Disclosure regarding the going concern assumption

Not applicable

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
Material subsequent eventsNone
Depreciation and amortization¥228 million
Availability of Supplementary Financial Results MaterialsNo
Availability of Financial Results BriefingNo
Issued Shares at Period-End8,011,000 shares
Treasury Shares at Period-End167,520 shares
Results for this period
ItemDetails
Fiscal Period ClassificationFull year
Accounting standardsJapanese GAAP
Consolidated / non-consolidatedNon-consolidated (separate)
Period Covered1 October 2025–30 September 2026
Net Sales¥2,673 million (YoY -17.8%)
Operating profit¥711 million (YoY -18.7%)
Ordinary income¥487 million (YoY -26.7%)
Profit attributable to owners of the parent¥332 million (YoY -27.6%)
Net income per share¥42.46
Operating Margin26.6%
Equity ratioEnd of the current fiscal period 26.7% / End of previous period 25.3%
Total assets¥18,902 million
Net assets¥5,057 million
Cash flows from operating activities¥1,166 million
Cash flows from investing activities¥-1,357 million
Cash flows from financing activities¥-71 million
Cash and cash equivalents at end of period¥1,539 million
Full-year earnings forecastNet Sales ¥2,000 million (YoY -25.2%) / Operating profit ¥600 million (YoY -15.6%) / Ordinary income ¥300 million (YoY -38.5%) / Net income ¥200 million (YoY -39.9%)
Annual Dividend Forecast¥7 → ¥6(-14.3%)
Payout ratio16.5% for the fiscal year ended September 2026; forecast of 23.5% for the fiscal year ending September 2027
Depreciation and amortization¥228 million
Disclosure regarding the going concern assumptionNot applicable
Change in accounting policyChanges due to revisions to standards No / Other changes No / Change in accounting estimate No / Restatement No
Material subsequent eventsNone
Availability of Supplementary Financial Results MaterialsNo
Availability of Financial Results BriefingNo
Issued Shares at Period-End8,011,000 shares
Treasury Shares at Period-End167,520 shares
Factors Behind Changes in Business PerformanceRevenue from real estate sales decreased 34.4% year on year. Real estate rental services decreased 3.5%, while real estate securitization services increased 2.6%. The company took a cautious approach to acquiring new rental properties and selectively sold properties held.
Items this document does not state (9)
Revision to Earnings ForecastShareholder Return PolicySegment revenueSegment profitRegional salesOrders received and order backlogImpairment lossBreakdown of extraordinary income (loss)Changes in the scope of consolidation

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 adopted a cautious approach to acquiring new rental properties and selectively sold properties held. While revenue from real estate sales decreased 34.4% year on year, it focused on maintaining and improving occupancy rates.

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.