Worth reading
54Recurring
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
81.1
Year-on-year change in net sales (%)Wording
Conditional
How definitive the wording is.Results for this period
Interim period (second quarter)1 September 2025–28 February 2026ConsolidatedJapanese GAAPNet Sales61,116¥ millionYear on year +81.1%Progress 40.7%
Operating profit8,065¥ millionYear on year +67.8%Progress 30.4%
Ordinary income7,435¥ millionYear on year +79.0%Progress 31.0%
Net income attributable to owners of the parent4,951¥ millionYear on year +101.8%Progress 30.0%
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¥220.08
Financial position at period-end
Total assets163,413¥ million
of which net assets 75,531 ¥ millionEquity ratio 45.7%vs. prior year-end +16.0pt
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+1,577
Investment-17,043
Financials+34,241
Net change+18,775
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¥42,845 million
Outlook and shareholder returns
Full-year earnings forecast
Net Sales¥150,000 million (YoY +55.4%)
Operating profit¥26,500 million (YoY +40.0%)
Ordinary income¥24,000 million (YoY +40.1%)
Net income¥16,500 million (YoY +61.0%)
Net income per share¥672.41
Annual Dividend Forecast¥240 → ¥165（not_comparable (not directly comparable before and after the stock split)）
Factors Behind Changes in Business Performance
The company proceeded with new hotel openings, the acquisition of development sites and transition to the development phase, logistics facility development, hospice housing openings, and entry into development businesses in Dubai.
Disclosure regarding the going concern assumption
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 0 companies / Excluded 0 companies / Company name None
Material subsequent eventsPayment for the ¥1.6 billion unsecured bonds with a first early redemption option was completed on 19 March 2026. The planned issuance amount under the shelf registration is ¥10 billion, with the intended uses of funds being investment and financing, bond redemption, and working capital. The intended use of funds for this bond issue is investment and financing.
Breakdown of extraordinary income (loss)Extraordinary income Item Gain on sale of non-current assets / Amount ¥5 million / Extraordinary loss Item Loss on disposal and sale of non-current assets / Amount ¥8 million, Item Loss on sale of investment securities / Amount ¥44 million
Depreciation and amortization¥769 million
Availability of Supplementary Financial Results MaterialsYes
Availability of Financial Results BriefingHeld (対象者：Not disclosed)
Issued Shares at Period-End24,587,530
Treasury Shares at Period-End49,158
| Item | Details |
|---|---|
| Fiscal Period Classification | Interim period (second quarter) |
| Accounting standards | Japanese GAAP |
| Consolidated / non-consolidated | Consolidated |
| Period Covered | 1 September 2025–28 February 2026 |
| Net Sales | ¥61,116 million (YoY +81.1%) |
| Operating profit | ¥8,065 million (YoY +67.8%) |
| Ordinary income | ¥7,435 million (YoY +79.0%) |
| Profit attributable to owners of the parent | ¥4,951 million (YoY +101.8%) |
| Net income per share | ¥220.08 |
| Equity ratio | End of the current fiscal period 45.7% / End of previous period 29.7% |
| Total assets | ¥163,413 million |
| Net assets | ¥75,531 million |
| Cash flows from operating activities | ¥1,577 million |
| Cash flows from investing activities | ¥-17,043 million |
| Cash flows from financing activities | ¥34,241 million |
| Cash and cash equivalents at end of period | ¥42,845 million |
| Full-year earnings forecast | Net Sales ¥150,000 million (YoY +55.4%) / Operating profit ¥26,500 million (YoY +40.0%) / Ordinary income ¥24,000 million (YoY +40.1%) / Net income ¥16,500 million (YoY +61.0%) / Net income per share ¥672.41 |
| Annual Dividend Forecast | ¥240 → ¥165（not_comparable (not directly comparable before and after the stock split)） |
| Depreciation and amortization | ¥769 million |
| Breakdown of extraordinary income (loss) | Extraordinary income Item Gain on sale of non-current assets / Amount ¥5 million / Extraordinary loss Item Loss on disposal and sale of non-current assets / Amount ¥8 million, Item Loss on sale of investment securities / Amount ¥44 million |
| Disclosure regarding the going concern assumption | 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 0 companies / Excluded 0 companies / Company name None |
| Material subsequent events | Payment for the ¥1.6 billion unsecured bonds with a first early redemption option was completed on 19 March 2026. The planned issuance amount under the shelf registration is ¥10 billion, with the intended uses of funds being investment and financing, bond redemption, and working capital. The intended use of funds for this bond issue is investment and financing. |
| Availability of Supplementary Financial Results Materials | Yes |
| Availability of Financial Results Briefing | Held (対象者：Not disclosed) |
| Issued Shares at Period-End | 24,587,530 |
| Treasury Shares at Period-End | 49,158 |
| Factors Behind Changes in Business Performance | The company proceeded with new hotel openings, the acquisition of development sites and transition to the development phase, logistics facility development, hospice housing openings, and entry into development businesses in Dubai. |
Items this document does not state (9)
Operating MarginRevision to Earnings ForecastPayout ratioShareholder Return PolicySegment revenueSegment profitRegional salesOrders received and order backlogImpairment 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 proceeded with new hotel openings, acquisitions of development sites, logistics facility development, hospice housing openings, and entry into development businesses in Dubai. It also cited the business environment, including expanding inbound demand, robust investor demand for real estate investment, and increased demand for frozen foods.
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.