Worth reading
62In focus
0–100. This measures how worthwhile something is to read, not how good or bad the company is.Direction
Deterioration
Direction inferred from the company’s description.Scale
-137925
Millions of yen (year-on-year change in operating revenue)Wording
Conditional
How definitive the wording is.Contents of this document
Supplementary Materials to the Earnings ReportFiscal year ending March 2027, second quarter (first half)9 items taken from the company’s own explanation
Financial Results Figures (The key points of this material are explained below)
Net Sales1,215,494 Millions of yen -10.2%operating revenue
Operating profit¥176,129 million-19.5%
Ordinary income¥137,079 million-25.3%
Net income¥139,155 million -8.5%interim net income attributable to owners of the parent
Gross Profit Margin
Leasing Business
Rate18.5%
Year on year against the same period last year+1.1pt
Property sales business (business facilities, etc.)
Rate-11.0%
Year on year against the same period last year-33.8pt
Other
Rate20.0%
Year on year against the same period last year-1.4pt
Results for the three months of the current quarterNot disclosed (all figures shown on a cumulative basis)
Full-year earnings forecast
Operating revenue
¥2,800,000 million
Operating profit
¥410,000 million
Business profit
¥450,000 million
Ordinary income
¥315,000 million
Profit attributable to owners of the parent
¥285,000 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。
Operating revenue43.4%
Operating profit43.0%
Business profit50.0%
Ordinary income43.5%
Interim net profit attributable to owners of the parent48.8%
What the company explained in this material
Breakdown of Factors Affecting the ChangeReasons cited by the Company for the change in the figures.
Condominium and housing sales
Decrease in operating revenue-¥182,639 million
Decrease in operating profit-¥27,504 million
Leasing
Increase in operating revenue+¥31,652 million
Increase in business profit+¥10,947 million
Management
Increase in operating revenue+¥9,738 million
Decrease in operating profit-¥209 million
Facility operations
Increase in operating revenue+¥6,003 million
Increase in business profit+¥725 million
Gains and Losses on Disposal of Fixed Assets+¥21,953 million
Net interest burden-¥1,540 million
New initiatives
- Additional acquisition of ¥20 billion of treasury shares
Key KPIsA metric the company considers important as a management benchmark.
- Tokyo metropolitan office vacancy rate (non-consolidated)0.8%Year on year against the same period last year-0.5pt
- Consolidated office and commercial property vacancy rate2.8%Year on year against the same period last year-0.7pt
- Overseas business profit ratio12.1%Year on year against the same period last year+4.0pt
- Occupancy rate at domestic lodging-focused hotels84%Year on year against the same period last year-3pt
- Contract progress rate for domestic new condominium units scheduled for recognition93%
- Contract progress rate for investor-targeted property salesApproximately 90%
Unit price and quantity metricsThese figures show sales broken down by price and volume.
- Domestic residential property sales: number of mid- to high-rise units1,254 unitsYear on year against the same period last year-272.0%
- Domestic residential property sales: price per mid- to high-rise unit¥12,621 10,000Year on year against the same period last year-5,326.0%
- Domestic residential property sales: number of detached-house units197 unitsYear on year against the same period last year+18.0%
- Domestic residential property sales: price per detached-house unit¥10,016 10,000Year on year against the same period last year+662.0%
- Number of Repark-managed parking spaces255,696 MachinesYear on year against the same period last year+5,018.0%
- Number of brokerage transactions17,677 EngagementsYear on year against the same period last year+258.0%
Segment results
Leasing
Operating revenue
¥487,919 million+6.9%
Business profit
¥99,526 million+12.4%
Condominium and housing sales
Operating revenue
¥216,132 million-45.8%
Business profit
¥96,746 million-22.1%
Management
Operating revenue
¥256,459 million+3.9%
Business profit
¥38,348 million-0.5%
Facility operations
Operating revenue
¥126,260 million+5.0%
Business profit
¥24,093 million+3.1%
Other
Operating revenue
¥128,721 million-2.0%
Business profit
¥1,562 million-22.3%
Orders received and order backlog
Value of orders for new construction contracts
¥57,956 million-7.9%
Annual Dividend
Annual dividend per share¥37
Interim Dividend¥18.5
Year-end dividend forecast¥18.5
Payout ratio
Total payout ratio: 56.0% (forecast)Acquisition of treasury shares
Additional acquisition amount¥20.0 billion
Total amount, including amounts already acquired¥60 billion
| Item | Details |
|---|---|
| Document type | Supplementary Materials to the Earnings Report |
| Fiscal Period Covered | Fiscal year ending March 2027, second quarter (first half) |
| Net Sales | 1,215,494 Millions of yen (operating revenue) (YoY -10.2%) |
| Operating profit | ¥176,129 million (YoY -19.5%) |
| Ordinary income | ¥137,079 million (YoY -25.3%) |
| Net income | ¥139,155 million (interim net income attributable to owners of the parent) (YoY -8.5%) |
| Gross Profit Margin | Leasing Business Rate 18.5% / Year on year against the same period last year +1.1pt / Property sales business (business facilities, etc.) Rate -11.0% / Year on year against the same period last year -33.8pt / Other Rate 20.0% / Year on year against the same period last year -1.4pt |
| Results for the three months of the current quarter | Not disclosed (all figures shown on a cumulative basis) |
| Full-year earnings forecast | Operating revenue ¥2,800,000 million / Operating profit ¥410,000 million / Business profit ¥450,000 million / Ordinary income ¥315,000 million / Profit attributable to owners of the parent ¥285,000 million |
| Progress against full-year forecast | Operating revenue 43.4% / Operating profit 43.0% / Business profit 50.0% / Ordinary income 43.5% / Interim net profit attributable to owners of the parent 48.8% |
| Segment results | Leasing Operating revenue ¥487,919 million (YoY +6.9%) / Business profit ¥99,526 million (YoY +12.4%) / Condominium and housing sales Operating revenue ¥216,132 million (YoY -45.8%) / Business profit ¥96,746 million (YoY -22.1%) / Management Operating revenue ¥256,459 million (YoY +3.9%) / Business profit ¥38,348 million (YoY -0.5%) / Facility operations Operating revenue ¥126,260 million (YoY +5.0%) / Business profit ¥24,093 million (YoY +3.1%) / Other Operating revenue ¥128,721 million (YoY -2.0%) / Business profit ¥1,562 million (YoY -22.3%) |
| Breakdown of Factors Affecting the Change | Condominium and housing sales Decrease in operating revenue -¥182,639 million / Decrease in operating profit -¥27,504 million / Leasing Increase in operating revenue +¥31,652 million / Increase in business profit +¥10,947 million / Management Increase in operating revenue +¥9,738 million / Decrease in operating profit -¥209 million / Facility operations Increase in operating revenue +¥6,003 million / Increase in business profit +¥725 million / Gains and Losses on Disposal of Fixed Assets +¥21,953 million / Net interest burden -¥1,540 million |
| Key KPIs | Indicator name Tokyo metropolitan office vacancy rate (non-consolidated) / Value 0.8% / Year on year against the same period last year -0.5pt, Indicator name Consolidated office and commercial property vacancy rate / Value 2.8% / Year on year against the same period last year -0.7pt, Indicator name Overseas business profit ratio / Value 12.1% / Year on year against the same period last year +4.0pt, Indicator name Occupancy rate at domestic lodging-focused hotels / Value 84% / Year on year against the same period last year -3pt, Indicator name Contract progress rate for domestic new condominium units scheduled for recognition / Value 93% / Year on year against the same period last year Not disclosed, Indicator name Contract progress rate for investor-targeted property sales / Value Approximately 90% / Year on year against the same period last year Not disclosed |
| Unit price and quantity metrics | Indicator name Domestic residential property sales: number of mid- to high-rise units / Value 1,254 units / Year on year against the same period last year -272 units, Indicator name Domestic residential property sales: price per mid- to high-rise unit / Value ¥12,621 10,000 / Year on year against the same period last year ¥-5,326 10,000, Indicator name Domestic residential property sales: number of detached-house units / Value 197 units / Year on year against the same period last year 18 units, Indicator name Domestic residential property sales: price per detached-house unit / Value ¥10,016 10,000 / Year on year against the same period last year ¥662 10,000, Indicator name Number of Repark-managed parking spaces / Value 255,696 Machines / Year on year against the same period last year 5,018 Machines, Indicator name Number of brokerage transactions / Value 17,677 Engagements / Year on year against the same period last year 258 Engagements |
| Annual Dividend | Annual dividend per share ¥37 / Interim Dividend ¥18.5 / Year-end dividend forecast ¥18.5 |
| Payout ratio | Total payout ratio: 56.0% (forecast) |
| Acquisition of treasury shares | Additional acquisition amount ¥20.0 billion / Total amount, including amounts already acquired ¥60 billion / Number of Shares Not disclosed / Period Not disclosed |
| Orders received and order backlog | Value of orders for new construction contracts ¥57,956 million (YoY -7.9%) |
| New initiatives | Additional acquisition of ¥20 billion of treasury shares |
Items this document does not state (12)
Operating 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 targetsFinancial targetsCapital expendituresMarket 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.In property sales, there was a reactionary decline following the recognition of central Tokyo, high-priced and large-scale properties in the same period of the previous year. In management services, there was a reactionary decline following the recognition of a one-time management fee in the same period of the previous year. In facility operations, higher ADRs at hotels in Japan and overseas and growth in revenue and profit at Tokyo Dome contributed to the increase in profit.
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.