Worth reading
58In focus
0–100. This measures how worthwhile something is to read, not how good or bad the company is.Direction
Improvement
Direction inferred from the company’s description.Scale
20.9
Year-on-year change in revenue (%)Wording
Conditional
How definitive the wording is.Results for this period
Full year1 April 2025–31 March 2026ConsolidatedJapanese GAAPNet Sales50,855¥ millionYear on year +20.9%Progress 79.7%
Operating profit15,109¥ millionYear on year +14.5%Progress 95.6%
Ordinary income12,980¥ millionYear on year +11.4%Progress 99.8%
Net income attributable to owners of the parent11,032¥ millionYear on year +15.3%
The width of the band at each stage is based on revenue. The narrower it becomes toward the bottom, the smaller the proportion of revenue that remains as profit. The dotted outline is the full-year forecast and the band inside it is the result for this period. The progress rate is the result divided by the forecast.
Net income per share¥165.63
Operating Margin29.7％
Financial position at period-end
Total assets451,838¥ million
of which net assets 126,763 ¥ millionEquity ratio 28.1%vs. prior year-end 0.0pt
塗りつぶした部分が自己資本比率です。総資産のうち、返済のいらない自前の資金がどれだけかを表します。The thin vertical line indicates the level at the end of the previous fiscal year.
Cash inflows and outflows
Operating+14,852
Investment-26,470
Financials+10,802
Net change-816
Stacked from zero: upward is an increase in cash, downward a decrease (in ¥ million).The net change represented by the dotted line is the total of three items, calculated from figures provided by the company.
Cash and cash equivalents at end of period¥24,425 million
Segment revenueBuilding Business ¥46,236 million (YoY +21.7%), Asset Management Business ¥4,619 million (YoY +13.3%)
Segment profitBuilding Business ¥14,657 million (YoY +12.7%), Asset Management Business ¥2,737 million (YoY +16.2%)
Outlook and shareholder returns
Full-year earnings forecast
Net Sales¥63,800 million (YoY +25.5%)
Operating profit¥15,800 million (YoY +4.6%)
Ordinary income¥13,000 million (YoY +0.2%)
Profit attributable to owners of the parent¥11,500 million (YoY +4.2%)
Annual Dividend Forecast98 Yen (annual dividend per share) → 103 Yen (annual dividend per share)
Payout ratio59.2％
Shareholder Return PolicyFor shareholder returns from fiscal 2024 through fiscal 2026, the consolidated dividend payout ratio will be 50%. Share repurchases will be carried out flexibly, taking into consideration the share price level, investment plans and financial position.
Factors Behind Changes in Business Performance
Higher sales of real estate held for sale, contributions from hotels opened during the fiscal year, higher rental revenue following upward rent revisions, and increases in asset management revenue and brokerage fees.
Disclosure regarding the going concern assumption
Not applicable.
Change in accounting policy
基準改正に伴う変更 Noそれ以外の変更 No見積りの変更 No修正再表示 No
Changes in the scope of consolidationNew 0 companies / Excluded 0 companies / Company name None (however, CANVASS1合同会社 was included in the scope of consolidation through an equity investment, although this did not constitute a material change)
Material subsequent eventsNot applicable.
Breakdown of extraordinary income (loss)Extraordinary income Gain on sale of non-current assets ¥40 million, Gain on sale of investment securities ¥2,690 million, Subsidy Income ¥85 million, Compensation received ¥73 million, Refunds received ¥359 million / Extraordinary loss Loss on Disposal of Fixed Assets ¥5 million, Loss on reduction of fixed assets ¥145 million, Expenses related to refunds ¥179 million
Depreciation and amortization¥5,825 million
Availability of Supplementary Financial Results MaterialsYes
Availability of Financial Results BriefingWhether applicable Yes / Subject person Institutional investors and analysts
Issued Shares at Period-End71,019,992 shares
Treasury Shares at Period-End4,949,734 shares
| Item | Details |
|---|---|
| Fiscal Period Classification | Full year |
| Accounting standards | Japanese GAAP |
| Consolidated / non-consolidated | Consolidated |
| Period Covered | 1 April 2025–31 March 2026 |
| Net Sales | ¥50,855 million (YoY +20.9%) |
| Operating profit | ¥15,109 million (YoY +14.5%) |
| Ordinary income | ¥12,980 million (YoY +11.4%) |
| Profit attributable to owners of the parent | ¥11,032 million (YoY +15.3%) |
| Net income per share | ¥165.63 |
| Operating Margin | 29.7％ |
| Equity ratio | End of the current fiscal period 28.1％ / End of previous period 28.1％ |
| Total assets | ¥451,838 million |
| Net assets | ¥126,763 million |
| Cash flows from operating activities | ¥14,852 million |
| Cash flows from investing activities | ¥-26,470 million |
| Cash flows from financing activities | ¥10,802 million |
| Cash and cash equivalents at end of period | ¥24,425 million |
| Full-year earnings forecast | Net Sales ¥63,800 million (YoY +25.5%) / Operating profit ¥15,800 million (YoY +4.6%) / Ordinary income ¥13,000 million (YoY +0.2%) / Profit attributable to owners of the parent ¥11,500 million (YoY +4.2%) |
| Annual Dividend Forecast | 98 Yen (annual dividend per share) → 103 Yen (annual dividend per share) |
| Payout ratio | 59.2％ |
| Shareholder Return Policy | For shareholder returns from fiscal 2024 through fiscal 2026, the consolidated dividend payout ratio will be 50%. Share repurchases will be carried out flexibly, taking into consideration the share price level, investment plans and financial position. |
| Segment revenue | Building Business ¥46,236 million (YoY +21.7%), Asset Management Business ¥4,619 million (YoY +13.3%) |
| Segment profit | Building Business ¥14,657 million (YoY +12.7%), Asset Management Business ¥2,737 million (YoY +16.2%) |
| Depreciation and amortization | ¥5,825 million |
| Breakdown of extraordinary income (loss) | Extraordinary income Gain on sale of non-current assets ¥40 million, Gain on sale of investment securities ¥2,690 million, Subsidy Income ¥85 million, Compensation received ¥73 million, Refunds received ¥359 million / Extraordinary loss Loss on Disposal of Fixed Assets ¥5 million, Loss on reduction of fixed assets ¥145 million, Expenses related to refunds ¥179 million |
| Disclosure regarding the going concern assumption | Not applicable. |
| Change in accounting policy | Changes due to revisions to standards No / Other changes No / Change in accounting estimate No / Restatement No |
| Changes in the scope of consolidation | New 0 companies / Excluded 0 companies / Company name None (however, CANVASS1合同会社 was included in the scope of consolidation through an equity investment, although this did not constitute a material change) |
| Material subsequent events | Not applicable. |
| Availability of Supplementary Financial Results Materials | Yes |
| Availability of Financial Results Briefing | Whether applicable Yes / Subject person Institutional investors and analysts |
| Issued Shares at Period-End | 71,019,992 shares |
| Treasury Shares at Period-End | 4,949,734 shares |
| Factors Behind Changes in Business Performance | Higher sales of real estate held for sale, contributions from hotels opened during the fiscal year, higher rental revenue following upward rent revisions, and increases in asset management revenue and brokerage fees. |
Items this document does not state (4)
Revision to Earnings ForecastRegional salesOrders received and order backlogImpairment loss
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.The increase was attributable to higher sales of real estate held for sale, contributions from Caption by Hyatt Kabutocho Tokyo and Mercure Tokyo Hibiya, which opened during the fiscal year, higher rental revenue following upward rent revisions, and increases in asset management revenue and brokerage fees. External factors included expanding demand for leased office space, rising average rents, and continued active investment by domestic and overseas investors.
How to read this page
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