Worth reading
51Recurring
0–100. This measures how worthwhile something is to read, not how good or bad the company is.Direction
Mixed performance
Direction inferred from the company’s description.Scale
3197
million yenWording
Conditional
How definitive the wording is.Contents of this document
Supplementary materials to the earnings reportFirst quarter of the fiscal year ending March 20277 items taken from the company’s own explanation
Financial Results Figures (The key points of this material are explained below)
Net Sales62,734 million yen+5.4%
Operating profit443 million yen-1.0%
Ordinary income418 million yen+3.1%
Net income147 million yen-51.3%
Results for the three months of the current quarterRevenue: ¥62,734 million; operating profit: ¥443 million; ordinary profit: ¥418 million; net income attributable to owners of the parent: ¥147 million; EBITDA: ¥1,102 million
Full-year earnings forecast
Net Sales
270,000 million yen
Operating profit
5,700 million yen
Ordinary income
5,200 million yen
Profit attributable to owners of the parent
3,200 million yen
EBITDA
8,300 million 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。
Net Sales23.2
Building Materials Segment25
Housing Segment17.9
Other20.6
Operating profit7.8
Ordinary income8.1
Profit attributable to owners of the parent4.6
EBITDA13.3
What the company explained in this material
Breakdown of Factors Affecting the ChangeReasons cited by the Company for the change in the figures.
Net Sales
Construction materials2,682
Housing605
Other-89
Operating profit
Construction materials-256
Housing150
Other81
Eliminations or corporate20
New initiatives
- Introduction of a progressive dividend policy through sustainable medium- to long-term growth
- Plan to increase the dividend by ¥7 each fiscal year through the fiscal year ending March 2030
- Semiannual Shareholder Benefits Program
Key KPIsA metric the company considers important as a management benchmark.
- EBITDA1,102 million yenYear on year against the same period last year+0.2%
- Housing segment contracted units127 unitsYear on year against the same period last year-5.9%
- Housing segment units recognized as revenue111 unitsYear on year against the same period last year+35.4%
- Real estate held for sale and costs of uncompleted construction contracts38,038 million yen
- Equity ratio32.8 %
Unit price and quantity metricsThese figures show sales broken down by price and volume.
Contracted units and units recognized as revenue are disclosed, but no breakdown by unit price is disclosedSegment results
Construction materials
Net Sales
49,947 million yen+5.7%
Operating profit
284 million yen-47.4%
Housing
Net Sales
10,728 million yen+6.0%
Operating profit
491 million yen+44.0%
Other
Net Sales
2,058 million yen-4.2%
Operating profit
185 million yen+78.1%
Financial targets
The actual equity ratio of 32.8% is disclosed, but no target is disclosedAnnual Dividend
The forecast for the fiscal year ending March 2027 is ¥44 per share for the interim dividend and ¥48 per share for the year-end dividend, for an annual total of ¥92. The plan for the fiscal year ending March 2030 is an annual dividend of ¥100 per share.| Item | Details |
|---|---|
| Document type | Supplementary materials to the earnings report |
| Fiscal Period Covered | First quarter of the fiscal year ending March 2027 |
| Net Sales | 62,734 million yen (YoY +5.4%) |
| Operating profit | 443 million yen (YoY -1.0%) |
| Ordinary income | 418 million yen (YoY +3.1%) |
| Net income | 147 million yen (YoY -51.3%) |
| Results for the three months of the current quarter | Revenue: ¥62,734 million; operating profit: ¥443 million; ordinary profit: ¥418 million; net income attributable to owners of the parent: ¥147 million; EBITDA: ¥1,102 million |
| Full-year earnings forecast | Net Sales 270,000 million yen / Operating profit 5,700 million yen / Ordinary income 5,200 million yen / Profit attributable to owners of the parent 3,200 million yen / EBITDA 8,300 million yen |
| Progress against full-year forecast | Net Sales 23.2 / Building Materials Segment 25 / Housing Segment 17.9 / Other 20.6 / Operating profit 7.8 / Ordinary income 8.1 / Profit attributable to owners of the parent 4.6 / EBITDA 13.3 |
| Segment results | Construction materials Net Sales 49,947 million yen (YoY +5.7%) / Operating profit 284 million yen (YoY -47.4%) / Housing Net Sales 10,728 million yen (YoY +6.0%) / Operating profit 491 million yen (YoY +44.0%) / Other Net Sales 2,058 million yen (YoY -4.2%) / Operating profit 185 million yen (YoY +78.1%) |
| Breakdown of Factors Affecting the Change | Net Sales Construction materials 2,682 / Housing 605 / Other -89 / Operating profit Construction materials -256 / Housing 150 / Other 81 / Eliminations or corporate 20 |
| Key KPIs | Indicator name EBITDA / Value 1,102 million yen / Year on year against the same period last year 0.2 million yen, Indicator name Housing segment contracted units / Value 127 units / Year on year against the same period last year -5.9 units, Indicator name Housing segment units recognized as revenue / Value 111 units / Year on year against the same period last year 35.4 units, Indicator name Real estate held for sale and costs of uncompleted construction contracts / Value 38,038 million yen / Year on year against the same period last year Not disclosed, Indicator name Equity ratio / Value 32.8 % / Year on year against the same period last year Not disclosed |
| Unit price and quantity metrics | Contracted units and units recognized as revenue are disclosed, but no breakdown by unit price is disclosed |
| Financial targets | The actual equity ratio of 32.8% is disclosed, but no target is disclosed |
| Annual Dividend | The forecast for the fiscal year ending March 2027 is ¥44 per share for the interim dividend and ¥48 per share for the year-end dividend, for an annual total of ¥92. The plan for the fiscal year ending March 2030 is an annual dividend of ¥100 per share. |
| New initiatives | Introduction of a progressive dividend policy through sustainable medium- to long-term growth, Plan to increase the dividend by ¥7 each fiscal year through the fiscal year ending March 2030, Semiannual Shareholder Benefits Program |
Items this document does not state (15)
Gross Profit MarginOperating profit marginSelling, general and administrative expensesSelf-assessment against the planNumber of stores and locationsNumber of employeesAssumptions Underlying the Business OutlookRisk amount incorporated into the outlookMedium-term management plan targetsPayout 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.Revenue increased because the Building Materials business raised selling prices against a backdrop of higher prices, while the Housing business recognized revenue from a greater number of units following the completion and handover of newly built condominium developments during the period. Operating profit declined because the gross profit margin decreased in the Building Materials business, while freight costs, core-system upgrade expenses and M&A expenses increased. Net income declined because extraordinary gains decreased and income taxes increased.
How to read this page
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