Worth reading
60In 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
5186
Millions of yenWording
Conditional
How definitive the wording is.Contents of this document
Financial Results PresentationFiscal year ending December 2026: third quarter8 items taken from the company’s own explanation
Financial Results Figures (The key points of this material are explained below)
Net Sales8,869 Millions of yen+88.1%
Operating profit1,770 Millions of yen+172.3%
Ordinary income728 Millions of yen+55.2%
Net income449 Millions of yen+55.4%
Results for the three months of the current quarter
NCK
Net Sales
334 Millions of yen
Operating profit (loss)
-5 Millions of yen
Period CoveredJuly–September 2026
Full-year earnings forecast
Consolidated
Net Sales
12,600 Millions of yen
Gross profit
4,560 Millions of yen
Operating profit
2,300 Millions of yen
Ordinary income
1,210 Millions of yen
Net income
700 Millions of yen
Non-consolidated
Net Sales
12,000 Millions of yen
Gross profit
4,470 Millions of yen
Operating profit
2,390 Millions of yen
Ordinary income
1,300 Millions of yen
Net income
750 Millions of yen
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。
Consolidated
Net Sales70.4%
Non-consolidated
Net Sales71.1%
Gross profit71.0%
Operating profit75.6%
Ordinary income58.7%
Net income64.4%
Flow gross profit70.1%
What the company explained in this material
Self-assessment against the planThe company's self-assessment against its own plan.
Progress, including at each profit level, is in line with expectations.Breakdown of Factors Affecting the ChangeReasons cited by the Company for the change in the figures.
- Increase in gross profit+¥1,241 million
- Increase in SG&A expenses-¥85 million
- Increase in non-operating income+¥11 million year on year
- Increase in non-operating expenses-¥874 million
- NCK earnings and losses, and acquisition-related expenses-¥8 million
- Goodwill Amortization△¥26 million
New initiatives
- Approaching the customer base to realise synergies with NCK
- Strengthening web marketing in the shared real estate business
- Strengthening the accounting and finance functions and bringing in specialised personnel, including candidates for CFO
Key KPIsA metric the company considers important as a management benchmark.
- Flow gross profit2,573 Millions of yen
- Flow gross profit from orders received3,637 Millions of yen
- Order backlog2,232 Millions of yen
- Equity ratio15.5 %
- Number of construction projects completedYear on year against the same period last yearReported by business segment
Medium-term management plan targets
FY2026
Net Sales10,000 Millions of yen
Market capitalization10,000 Millions of yen
Market capitalization unitMillions of yen
Orders received and order backlog
Orders received
3,637 Millions of yen
Order backlog
2,232 Millions of yen
Annual Dividend
Annual dividend per share24.41 Yen
Payout ratio
20| Item | Details |
|---|---|
| Document type | Financial Results Presentation |
| Fiscal Period Covered | Fiscal year ending December 2026: third quarter |
| Net Sales | 8,869 Millions of yen (YoY +88.1%) |
| Operating profit | 1,770 Millions of yen (YoY +172.3%) |
| Ordinary income | 728 Millions of yen (YoY +55.2%) |
| Net income | 449 Millions of yen (YoY +55.4%) |
| Results for the three months of the current quarter | NCK Net Sales 334 Millions of yen / Operating profit (loss) -5 Millions of yen / Period Covered July–September 2026 |
| Full-year earnings forecast | Consolidated Net Sales 12,600 Millions of yen / Gross profit 4,560 Millions of yen / Operating profit 2,300 Millions of yen / Ordinary income 1,210 Millions of yen / Net income 700 Millions of yen / Non-consolidated Net Sales 12,000 Millions of yen / Gross profit 4,470 Millions of yen / Operating profit 2,390 Millions of yen / Ordinary income 1,300 Millions of yen / Net income 750 Millions of yen |
| Progress against full-year forecast | Consolidated Net Sales 70.4% / Non-consolidated Net Sales 71.1% / Gross profit 71.0% / Operating profit 75.6% / Ordinary income 58.7% / Net income 64.4% / Flow gross profit 70.1% |
| Self-assessment against the plan | Progress, including at each profit level, is in line with expectations. |
| Breakdown of Factors Affecting the Change | Factors Increase in gross profit / Amount +¥1,241 million, Factors Increase in SG&A expenses / Amount -¥85 million, Factors Increase in non-operating income / Amount +¥11 million year on year, Factors Increase in non-operating expenses / Amount -¥874 million, Factors NCK earnings and losses, and acquisition-related expenses / Amount -¥8 million, Factors Goodwill Amortization / Amount △¥26 million |
| Key KPIs | Indicator name Flow gross profit / Value 2,573 Millions of yen / Year on year against the same period last year Not disclosed, Indicator name Flow gross profit from orders received / Value 3,637 Millions of yen / Year on year against the same period last year Not disclosed, Indicator name Order backlog / Value 2,232 Millions of yen / Year on year against the same period last year Not disclosed, Indicator name Equity ratio / Value 15.5 % / Year on year against the same period last year Not disclosed, Indicator name Number of construction projects completed / Value Not disclosed / Year on year against the same period last year Reported by business segment |
| Medium-term management plan targets | FY2026 Net Sales 10,000 Millions of yen / Market capitalization 10,000 Millions of yen / Market capitalization unit Millions of yen |
| Annual Dividend | Annual dividend per share 24.41 Yen / Interim and Year-End Breakdown Not disclosed |
| Payout ratio | 20 |
| Orders received and order backlog | Orders received 3,637 Millions of yen / Order backlog 2,232 Millions of yen |
| New initiatives | Approaching the customer base to realise synergies with NCK, Strengthening web marketing in the shared real estate business, Strengthening the accounting and finance functions and bringing in specialised personnel, including candidates for CFO |
Items this document does not state (14)
Gross Profit MarginOperating profit marginSelling, general and administrative expensesSegment resultsUnit price and quantity metricsNumber of stores and locationsNumber of employeesAssumptions Underlying the Business OutlookRisk amount incorporated into the outlookFinancial targetsAcquisition of treasury sharesCapital expendituresMarket 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 reasons cited were growth in BRO-ROOM and BRO-WALL, the consolidation of NCK's earnings and losses from July 2026, progress on PPA sufficient to clarify its impact on the current period's results, and greater visibility into receivables securitisation expenses for the second half. For the standalone forecasts, the reasons cited were progress to date, finalisation of receivables securitisation expenses for August and September, and the policy of not conducting receivables securitisation in the fourth quarter.
How to read this page
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