Reacquiring the Renovation Business to Strengthen the Stable Earnings Base and Financial Position
First written in FY2025-H1. 1 of 3 entries say "Worsened", first in FY2025. Latest entry: FY2026-H1.
The whole theme swung hardest in 2018: 1 of 6 companies on the "Worse" side.
7 other companies' latest entry also says "Advanced".
- FY2026-H1AdvancedAnnual report
「The business undertakes numerous large-scale condominium repair projects and renovation designs, mainly in the Tokyo metropolitan area, and has strengths in construction-management experience. As condominium stock ages, the renovation market is a growth field with stable demand expected, particularly for planned repair work based on long-term repair plans. As a result, sales were ¥228 million and segment loss, or operating loss, was ¥0 million.」
The reacquired renovation-related business highlights its experience in large-scale repairs and renovation design and stable demand. Interim sales were ¥228 million and segment loss was ¥0 million. - FY2025WorsenedAnnual report
「As a result of delays in the timing of construction orders by certain major customers and a decline in the number of orders over a short period, sales were ¥286 million and segment loss, or operating loss, was ¥12 million.」
Nagomi Sekkei, reacquired in July 2024, generated sales of ¥286 million and segment loss of ¥12 million in its first year. Goodwill of ¥149.281 million was impaired because performance deviated from the business plan at acquisition. - FY2025-H1First statedAnnual report
「The stable earnings structure of Nagomi Sekkei Co., Ltd. is expected to support the group. By establishing a new business alongside the company’s core education-related business, we aim to expand sales, improve profitability, strengthen the financial position and further enhance corporate value.」
The company reacquired all shares in Nagomi Sekkei on 31 July 2024 and re-entered the renovation-related business. The deemed acquisition date was 30 September 2024, so only the balance sheet was consolidated for the interim period.