Worth reading
66In focus
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
23.3
Year-on-year change in operating revenue (%)Wording
Conditional
How definitive the wording is.Results for this period
Full year1 January 2024–31 December 2024ConsolidatedJapanese GAAPNet Sales463,724¥ millionYear on year +23.3%Progress 92.2%
Operating profit79,670¥ millionYear on year +13.0%Progress 92.6%
Ordinary income71,722¥ millionYear on year +3.2%Progress 96.9%
Net income attributable to owners of the parent65,882¥ millionYear on year +46.1%Progress 119.8%
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 share315.50円
Operating Margin17.2％
Financial position at period-end
Total assets2,081,226¥ million
of which net assets 547,524 ¥ millionEquity ratio 25.8%vs. prior year-end -0.3pt
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+18,894
Investment-142,089
Financials+105,636
Net change-17,559
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¥111,139 million
Segment revenueBuilding Business ¥176,573 million (YoY +13.7%), Housing Business ¥211,481 million (YoY +57.7%), Asset Services Business ¥54,742 million (YoY -14.2%)
Segment profitBuilding Business ¥41,930 million (YoY +4.4%), Housing Business ¥37,637 million (YoY +38.6%), Asset Services Business ¥11,537 million (YoY -10.6%)
Regional sales本邦：連結営業収益の90％超（具体額は記載省略）
Outlook and shareholder returns
Full-year earnings forecast
Net Sales¥503,000 million (YoY +8.5%)
Operating profit¥86,000 million (YoY +7.9%)
Ordinary income¥74,000 million (YoY +3.2%)
Net income¥55,000 million (YoY -16.5%)
Annual Dividend Forecast¥95 per share → ¥97 per share（+2.1%）
Payout ratio36.7％
Shareholder Return Policy2027年度の連結配当性向40％
Factors Behind Changes in Business Performance
住宅事業における分譲マンションの売上計上戸数の増加、ビル事業及び住宅事業における投資家向け物件売却の増加。純利益は投資有価証券の一部売却に伴う利益等。アセットサービス事業は投資家向け物件売却による不動産売上の減少、その他事業は子会社株式譲渡の影響等と持分法による投資利益の減少。
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 Number of companies 4 / Company name Tokyo Tatemono (Thailand) Ltd., 北青山三丁目プロジェクト特定目的会社, 鈴木三栄(株), TT Investment Holdings Australia Pty Limited / Excluded Number of companies 0 / Company name Not disclosed
Material subsequent eventsNot applicable.
Impairment loss¥338 million
Breakdown of extraordinary income (loss)Extraordinary income Gain on sale of non-current assets ¥1 million, Gain on sale of investment securities ¥26,827 million, Gain on sale of investments in an affiliated company ¥1,103 million / Extraordinary loss Loss on sale of fixed assets ¥1 million, Loss on Disposal of Fixed Assets ¥159 million, Impairment Losses ¥338 million, Losses related to rebuilding ¥931 million, Impairment Loss on Investment Securities ¥46 million, Loss on sale of shares of subsidiaries and affiliates ¥156 million, Provision for allowance for doubtful accounts ¥1,568 million
Depreciation and amortization¥22,390 million
Availability of Supplementary Financial Results MaterialsYes
Availability of Financial Results BriefingWhether applicable Yes / Subject person Institutional investors and analysts
Issued Shares at Period-End209,167,674 Shares
Treasury Shares at Period-End391,463 Shares
| Item | Details |
|---|---|
| Fiscal Period Classification | Full year |
| Accounting standards | Japanese GAAP |
| Consolidated / non-consolidated | Consolidated |
| Period Covered | 1 January 2024–31 December 2024 |
| Net Sales | ¥463,724 million (YoY +23.3%) |
| Operating profit | ¥79,670 million (YoY +13.0%) |
| Ordinary income | ¥71,722 million (YoY +3.2%) |
| Profit attributable to owners of the parent | ¥65,882 million (YoY +46.1%) |
| Net income per share | 315.50円 |
| Operating Margin | 17.2％ |
| Equity ratio | End of the current fiscal period 25.8％ / End of previous period 26.1％ |
| Total assets | ¥2,081,226 million |
| Net assets | ¥547,524 million |
| Cash flows from operating activities | ¥18,894 million |
| Cash flows from investing activities | ¥-142,089 million |
| Cash flows from financing activities | ¥105,636 million |
| Cash and cash equivalents at end of period | ¥111,139 million |
| Full-year earnings forecast | Net Sales ¥503,000 million (YoY +8.5%) / Operating profit ¥86,000 million (YoY +7.9%) / Ordinary income ¥74,000 million (YoY +3.2%) / Net income ¥55,000 million (YoY -16.5%) |
| Annual Dividend Forecast | ¥95 per share → ¥97 per share（+2.1%） |
| Payout ratio | 36.7％ |
| Shareholder Return Policy | 2027年度の連結配当性向40％ |
| Segment revenue | Building Business ¥176,573 million (YoY +13.7%), Housing Business ¥211,481 million (YoY +57.7%), Asset Services Business ¥54,742 million (YoY -14.2%) |
| Segment profit | Building Business ¥41,930 million (YoY +4.4%), Housing Business ¥37,637 million (YoY +38.6%), Asset Services Business ¥11,537 million (YoY -10.6%) |
| Regional sales | 本邦：連結営業収益の90％超（具体額は記載省略） |
| Depreciation and amortization | ¥22,390 million |
| Impairment loss | ¥338 million |
| Breakdown of extraordinary income (loss) | Extraordinary income Gain on sale of non-current assets ¥1 million, Gain on sale of investment securities ¥26,827 million, Gain on sale of investments in an affiliated company ¥1,103 million / Extraordinary loss Loss on sale of fixed assets ¥1 million, Loss on Disposal of Fixed Assets ¥159 million, Impairment Losses ¥338 million, Losses related to rebuilding ¥931 million, Impairment Loss on Investment Securities ¥46 million, Loss on sale of shares of subsidiaries and affiliates ¥156 million, Provision for allowance for doubtful accounts ¥1,568 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 Number of companies 4 / Company name Tokyo Tatemono (Thailand) Ltd., 北青山三丁目プロジェクト特定目的会社, 鈴木三栄(株), TT Investment Holdings Australia Pty Limited / Excluded Number of companies 0 / Company name Not disclosed |
| 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 | 209,167,674 Shares |
| Treasury Shares at Period-End | 391,463 Shares |
| Factors Behind Changes in Business Performance | 住宅事業における分譲マンションの売上計上戸数の増加、ビル事業及び住宅事業における投資家向け物件売却の増加。純利益は投資有価証券の一部売却に伴う利益等。アセットサービス事業は投資家向け物件売却による不動産売上の減少、その他事業は子会社株式譲渡の影響等と持分法による投資利益の減少。 |
Items this document does not state (2)
Revision to Earnings ForecastOrders received and order backlog
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.住宅事業における分譲マンションの売上計上戸数の増加、ビル事業及び住宅事業における投資家向け物件売却の増加により営業収益・営業利益が増加した。親会社株主に帰属する当期純利益は、投資有価証券の一部売却に伴う利益を計上したこと等により増加した。
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.
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