Results for this period
Full year1 March 2025–28 February 2026ConsolidatedJapanese GAAPThe 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.
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.
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.
A decrease in the number of properties delivered due to the strategic narrowing of products offered for sale, delays in selling rental development properties due to higher land and construction costs and interest rates, and higher revenue and profit in the rental management business due to an increase in the number of properties under management.
No applicable matters
| Item | Details |
|---|---|
| Fiscal Period Classification | Full year |
| Accounting standards | Japanese GAAP |
| Consolidated / non-consolidated | Consolidated |
| Period Covered | 1 March 2025–28 February 2026 |
| Net Sales | ¥20,190 million (YoY -15.6%) |
| Operating profit | ¥1,692 million (YoY -16.2%) |
| Ordinary income | ¥1,702 million (YoY -16.5%) |
| Profit attributable to owners of the parent | ¥1,147 million (YoY -19.0%) |
| Net income per share | ¥338.75 |
| Operating Margin | 8.4% |
| Equity ratio | End of the current fiscal period 85.9% / End of previous period 82.1% |
| Total assets | ¥24,579 million |
| Net assets | ¥21,116 million |
| Cash flows from operating activities | ¥-1,626 million |
| Cash flows from investing activities | ¥-620 million |
| Cash flows from financing activities | ¥-466 million |
| Cash and cash equivalents at end of period | ¥15,848 million |
| Full-year earnings forecast | Net Sales ¥23,580 million (YoY +16.8%) / Operating profit ¥2,016 million (YoY +19.2%) / Ordinary income ¥2,020 million (YoY +18.7%) / Net income ¥1,342 million (YoY +16.9%) |
| Annual Dividend Forecast | ¥135.00 (actual for the fiscal year ended February 2026) → ¥160.00 (forecast for the fiscal year ending February 2027)（18.5%） |
| Payout ratio | 39.9% (actual for the fiscal year ended February 2026), 39.2% (forecast for the fiscal year ending February 2027) |
| Segment revenue | Rental housing business ¥9,491 million (YoY -13.9%), Rental development business ¥1,385 million (YoY -70.3%), Rental management business ¥10,524 million (YoY +5.1%) |
| Segment profit | Rental housing business ¥1,142 million (YoY +13.5%), Rental development business ¥119 million (YoY -83.1%), Rental management business ¥1,291 million (YoY +13.7%) |
| Depreciation and amortization | ¥162,610 thousand |
| Impairment loss | ¥166,580 thousand (Rental Housing Business) |
| Breakdown of extraordinary income (loss) | Extraordinary income None / Extraordinary loss Loss on sale of fixed assets ¥535 thousand, Impairment Losses ¥166,580 thousand |
| 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 | Added: 0 companies; excluded: 0 companies |
| Material subsequent events | The Company acquired 100,000 treasury shares for ¥502,000 thousand. The acquisition date was 25 March 2026, and the seller was 株式会社マキテック. |
| Availability of Supplementary Financial Results Materials | No |
| Availability of Financial Results Briefing | Available (for institutional investors and analysts) |
| Issued Shares at Period-End | 3,491,900 shares |
| Treasury Shares at Period-End | 103,882 shares |
| Factors Behind Changes in Business Performance | A decrease in the number of properties delivered due to the strategic narrowing of products offered for sale, delays in selling rental development properties due to higher land and construction costs and interest rates, and higher revenue and profit in the rental management business due to an increase in the number of properties under management. |
Items this document does not state (4)
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.In the rental housing business, the number of properties delivered decreased as the Company strategically narrowed the range of products offered for sale. In the rental development business, sales of planned properties did not progress as planned due to rising land and construction costs and higher interest rates. Meanwhile, the rental management business reported higher revenue and profit, mainly due to an increase in the number of properties under management.