Worth reading
83Important
Scored from 5 of 6 sectionsDirection
Improvement
Direction inferred from the company’s description.Scale
111
Millions of yen (year-on-year increase in operating profit)Wording
Conditional
How definitive the wording is.Contents of this document
Presentation materials for financial resultsSecond quarter of the fiscal year ending November 20268 items taken from the company’s own explanation
Financial Results Figures (The key points of this material are explained below)
Net Sales¥24,511 million+1.3%
Operating profit¥1,189 million+10.3%
Ordinary income¥941 million
Net income¥563 million+3.3%
Gross Profit Margin16.0%
Operating profit margin4.9%
Selling, general and administrative expenses¥2,735 million
Results for the three months of the current quarter
Net Sales
¥13,023 million
Operating profit
¥783 million
Full-year earnings forecast
Net Sales
¥58,000 million
Operating profit
¥2,500 million
Ordinary income
¥2,100 million
Profit attributable to owners of the parent
¥1,300 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 Sales42.3%
Operating profit47.6%
What the company explained in this material
Self-assessment against the planThe company's self-assessment against its own plan.
Revenue was broadly in line with budget, while operating profit significantly exceeded budgetBreakdown of Factors Affecting the ChangeReasons cited by the Company for the change in the figures.
Operating profit variance from budget
Gross profit above budgetApproximately ¥220 million
SG&A expense controlApproximately ¥429 million
Analysis of factors affecting changes in operating profit
Standard+¥1,263 million
Selling, general and administrative expenses-¥804 million
Assumptions Underlying the Business OutlookThe assumptions used by the company in preparing its forecast.
Development revenueNot expected in the first half; scheduled for the fourth quarter
Quarterly budgetRevenue: Q1 ¥10,500 million, Q2 ¥14,200 million, Q3 ¥12,800 million, Q4 ¥20,500 million
SeasonalityStandard condominium transactions tend to be concentrated in Q2 and Q4
New initiatives
- Use of an area-analysis dashboard and AI purchasing checks to improve purchasing accuracy
- Different sales approaches for Premium condominiums, with each property classified as either profit-focused or turnover-focused
- Strengthening the organizational structure and promoting project formation in the Solutions business
- Renovation of サンコーホーム “Housing Specialty Center Omagari”
Key KPIsA metric the company considers important as a management benchmark.
- Procurement contract value¥8,608 millionYear on year against the same period last year+20.1%
- Sales contract value¥10,144 millionYear on year against the same period last year+0.6%
- Number of appraisals9,060 EngagementsYear on year against the same period last year+3.4%
- Period-end inventory value (end-user demand)¥24,139 millionYear on year against the same period last year+1.7%
- Period-end inventory value (owner change)¥2,888 millionYear on year against the same period last year-49.7%
- Standard condominium gross profit per unit¥4,861 thousand
- Standard condominium gross margin14.7%Year on year against the same period last year+1.2 percentage points
- Standard property sales period167 days
Unit price and quantity metricsThese figures show sales broken down by price and volume.
Standard condominiums
Number of sales95 fewer sales than in the year-earlier period
Selling priceApproximately ¥6 million higher
Gross profit per unit¥33.079 million, +24.5% year on year
Segment results
Standard condominiums
Net Sales
¥18,318 million+3.8%
Gross profit
¥2,610 million+4.0%
Premium condominiums
Net Sales
¥2,028 million+591.7%
Gross profit
¥327 million+471.9%
Solutions
Net Sales
¥483 million-83.2%
Gross profit
¥189 million-66.9%
Newly built detached houses
Net Sales
¥2,840 million+9.1%
Gross profit
¥518 million+9.8%
Number of stores and locations
15 locations (major cities and regional cities nationwide) / Number of openings and closures during the period: Not disclosed| Item | Details |
|---|---|
| Document type | Presentation materials for financial results |
| Fiscal Period Covered | Second quarter of the fiscal year ending November 2026 |
| Net Sales | ¥24,511 million (YoY +1.3%) |
| Operating profit | ¥1,189 million (YoY +10.3%) |
| Ordinary income | ¥941 million |
| Net income | ¥563 million (YoY +3.3%) |
| Gross Profit Margin | 16.0% |
| Operating profit margin | 4.9% |
| Selling, general and administrative expenses | ¥2,735 million |
| Results for the three months of the current quarter | Net Sales ¥13,023 million / Operating profit ¥783 million / Other Not disclosed |
| Full-year earnings forecast | Net Sales ¥58,000 million / Operating profit ¥2,500 million / Ordinary income ¥2,100 million / Profit attributable to owners of the parent ¥1,300 million |
| Progress against full-year forecast | Net Sales 42.3% / Operating profit 47.6% |
| Self-assessment against the plan | Revenue was broadly in line with budget, while operating profit significantly exceeded budget |
| Segment results | Standard condominiums Net Sales ¥18,318 million (YoY +3.8%) / Gross profit ¥2,610 million (YoY +4.0%) / Premium condominiums Net Sales ¥2,028 million (YoY +591.7%) / Gross profit ¥327 million (YoY +471.9%) / Solutions Net Sales ¥483 million (YoY -83.2%) / Gross profit ¥189 million (YoY -66.9%) / Newly built detached houses Net Sales ¥2,840 million (YoY +9.1%) / Gross profit ¥518 million (YoY +9.8%) |
| Breakdown of Factors Affecting the Change | Operating profit variance from budget Gross profit above budget Approximately ¥220 million / SG&A expense control Approximately ¥429 million / Analysis of factors affecting changes in operating profit Standard +¥1,263 million / Selling, general and administrative expenses -¥804 million / Premium Not disclosed / Development Not disclosed / Other Not disclosed |
| Key KPIs | Indicator name Procurement contract value / Value ¥8,608 million / Year on year against the same period last year +20.1%, Indicator name Sales contract value / Value ¥10,144 million / Year on year against the same period last year +0.6%, Indicator name Number of appraisals / Value 9,060 Engagements / Year on year against the same period last year +3.4%, Indicator name Period-end inventory value (end-user demand) / Value ¥24,139 million / Year on year against the same period last year +1.7%, Indicator name Period-end inventory value (owner change) / Value ¥2,888 million / Year on year against the same period last year -49.7%, Indicator name Standard condominium gross profit per unit / Value ¥4,861 thousand / Year on year against the same period last year Not disclosed, Indicator name Standard condominium gross margin / Value 14.7% / Year on year against the same period last year +1.2 percentage points, Indicator name Standard property sales period / Value 167 days / Year on year against the same period last year Not disclosed |
| Unit price and quantity metrics | Standard condominiums Number of sales 95 fewer sales than in the year-earlier period / Selling price Approximately ¥6 million higher / Gross profit per unit ¥33.079 million, +24.5% year on year |
| Number of stores and locations | 15 locations (major cities and regional cities nationwide) / Number of openings and closures during the period: Not disclosed |
| Assumptions Underlying the Business Outlook | Development revenue Not expected in the first half; scheduled for the fourth quarter / Quarterly budget Revenue: Q1 ¥10,500 million, Q2 ¥14,200 million, Q3 ¥12,800 million, Q4 ¥20,500 million / Seasonality Standard condominium transactions tend to be concentrated in Q2 and Q4 |
| New initiatives | Use of an area-analysis dashboard and AI purchasing checks to improve purchasing accuracy, Different sales approaches for Premium condominiums, with each property classified as either profit-focused or turnover-focused, Strengthening the organizational structure and promoting project formation in the Solutions business, Renovation of サンコーホーム “Housing Specialty Center Omagari” |
Items this document does not state (11)
Number of employeesRisk amount incorporated into the outlookMedium-term management plan targetsFinancial targetsAnnual DividendPayout ratioAcquisition of treasury sharesCapital expendituresOrders received and order backlogMarket 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.Sales of condominiums and detached houses remained strong, offsetting the development revenue recorded in the year-earlier period and resulting in higher revenue. The company cited higher selling prices and gross margins for Standard condominiums, a reduction in long-term inventory, a shorter sales cycle, and controls on selling, general and administrative expenses, including personnel expenses, condominium management fees, utilities and property taxes, as factors behind the increase in earnings.
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.