Komori
Kimura (7461) · FactSubstantial decline in retail profit and growth in real estate profit

FY2019 Segment Results

First written in FY2019. 3 of 6 entries say "Advanced", first in FY2020. Latest entry: FY2026.

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8years
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ProgressHeldSoftenedWorseFirst statedFY2019AdvancedFY2020 – FY2022OtherFY2025 – FY20262019: 120192020: 120202021: 120212022: 120222023: 020232024: 020242025: 120252026: 12026
Same theme, other companies
Segment performance divergence across wholesale, retail, real estate, and other businessesA theme 1 companies write about · 0 as a headwind · 0 as a tailwind

No other company in this theme has enough history to compare yet.

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  1. FY2026Substantial decline in retail profit and growth in real estate profitAnnual report

    「The retail business reported net sales of ¥24.135 billion, up 8.3% from the previous consolidated fiscal year, and operating income of ¥64 million, down 93.4%. The real estate business seeks to manage and operate its rental assets appropriately and efficiently. In addition, the continued recognition of sales proceeds from “The Sapporo Towers” condominium project made a significant contribution to earnings. As a result, net sales were ¥1.374 billion, down 10.6% from the previous consolidated fiscal year, and operating income was ¥748 million, up 13.9%.」

    Retail revenue increased, but operating income fell 93.4% due to the costs of opening the Kushiro store and personnel expenses at existing stores. Meanwhile, real estate posted lower revenue but higher profit as recognition of sales proceeds from “The Sapporo Towers” continued.
  2. FY2025Revenue and profit growth in real estate from condominium handovers, and the scaffolding business turning loss-makingAnnual report

    「The real estate business seeks to manage and operate its rental assets appropriately and efficiently. In FY2024, the completion and recognition of handovers for the condominium “The Sapporo Towers” resulted in net sales of ¥1.538 billion, up 263.9% from the previous consolidated fiscal year, and operating income of ¥656 million, up 138.9%.」

    The real estate business achieved substantial revenue and profit growth through the recognition of handovers for “The Sapporo Towers.” Meanwhile, the scaffolding rental business posted an operating loss due to higher material purchasing costs.
  3. FY2022AdvancedAnnual report

    「As a result, net sales were ¥10.959 billion, up 4.5% from the previous consolidated fiscal year, and operating income was ¥839 million, up 15.3%.」

    FY2022 segment results showed revenue and profit growth in wholesale. Retail posted lower revenue and profit due to a reactionary decline, real estate posted higher revenue and profit, scaffolding rental reduced its loss despite lower revenue, and sash and glass installation posted higher profit despite lower revenue.
  4. FY2021AdvancedAnnual report

    「The retail business reported net sales of ¥21.233 billion, up 14.9% from the previous consolidated fiscal year, and operating income of ¥1.430 billion, up 69.3%.」

    The retail business achieved revenue and profit growth, supported by stay-at-home demand and the opening of new specialty pet stores. Meanwhile, wholesale, scaffolding rental and sash installation saw lower revenue.
  5. FY2020AdvancedAnnual report

    「The real estate business reported net sales of ¥339 million, up 36.8% from the previous consolidated fiscal year, and operating income of ¥235 million, up 39.9%, due to increased income from the replacement of existing rental buildings carried out in the previous fiscal year and the occupancy of new tenants in a home-improvement store. The scaffolding rental business reported net sales of ¥918 million, down 11.8%, and an operating loss of ¥6 million, compared with operating income of ¥48 million in the previous consolidated fiscal year. The sash and glass installation business reported net sales of ¥1.494 billion, up 30.3%, and operating income of ¥80 million, up 255.5%.」

    FY2020 segment results showed revenue and profit growth in real estate and sash and glass installation, while scaffolding rental posted lower revenue and an operating loss.
  6. FY2019First statedAnnual report

    「We worked to develop and strengthen sales of new products centered on natural materials. We are also rolling out the proposal-based model home “Skog no ie” nationwide to support sales outlets and developing its product range as a brand. As a result, net sales were ¥11.683 billion, up 0.1% from the previous consolidated fiscal year, and operating income was ¥883 million, down 3.8%. The retail business reported net sales of ¥18.472 billion, down 2.5%, and operating income of ¥684 million, up 197.1%. The real estate business reported net sales of ¥247 million, up 6.2%, and operating income of ¥168 million, down 3.5%. The scaffolding rental business reported net sales of ¥1.041 billion, up 19.1%, and operating income of ¥48 million, up 104.2%. The sash and glass installation business reported net sales of ¥1.146 billion and operating income of ¥22 million.」

    Wholesale posted slight revenue growth and lower profit, retail posted lower revenue but substantial profit growth, real estate posted higher revenue and lower profit, scaffolding rental posted higher revenue and profit, and sash and glass installation recorded full-year results.
Moved together

"Building a stable financial position by improving asset and shareholders' equity efficiency" moved the same way as this thread, in the same document, in 3 of its 6 moves.

333332★123456
  1. ★This thread
  2. 1Building a stable financial position by improving asset and shareholders' equity efficiency3×
  3. 2Renovation and product expansion at large-format home centers3×
  4. 3Operating platform for large-format and community-based stores in Hokkaido3×
  5. 4FY2019 Consolidated Higher Revenue and Profits3×
  6. 5FY2019 increase in net assets and 41.9% equity ratio3×
  7. 6Monitoring progress under the annual plan based on the medium-term management plan2×

★ is this thread; numbers match the list above. The number on a line is how many documents both moved the same way in; lines between the other threads count the documents they moved together in too. Threads that move together often sit closer.

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Kimura's next results are scheduled for 2026-11-05. Read the earnings preview
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