Worth reading
64In 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
-24.8
% (year-on-year change in operating revenue)Wording
Conditional
How definitive the wording is.Results for this period
Interim period (second quarter)2025年1月1日〜2025年6月30日ConsolidatedJapanese GAAPNet Sales208,793¥ millionYear on year -24.8%Progress 41.5%
Operating profit34,033¥ millionYear on year -33.6%Progress 39.6%
Ordinary income27,912¥ millionYear on year -42.0%Progress 37.7%
Net income attributable to owners of the parent20,549¥ millionYear on year -35.2%Progress 37.4%
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¥98.62
Financial position at period-end
Total assets2,205,209¥ million
of which net assets 555,562 ¥ millionEquity ratio 24.7%vs. prior year-end -1.1pt
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.
Segment revenueBuilding Business ¥73,150 million (YoY -3.3%), Housing Business ¥102,538 million (YoY -40.2%), Asset Services Business ¥21,858 million (YoY +6.3%), Other Businesses ¥11,245 million (YoY +13.3%)
Segment profitBuilding Business ¥18,219 million (YoY +13.9%), Housing Business ¥17,674 million (YoY -51.5%), Asset Services Business ¥3,534 million (YoY -19.7%), Other Businesses ¥1,011 million
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%)
Revision to Earnings ForecastNo
Annual Dividend Forecast¥95 → ¥97（+2.1%）
Factors Behind Changes in Business Performance
住宅事業における分譲売上が減少し、前年同期に大型マンションを売上計上した影響などにより減収減益。ビル事業は賃貸・施設運営が堅調、アセットサービス事業は仲介が堅調で投資家向け物件売却収益が増加。その他事業はリゾート施設の稼働が堅調だった一方、一部温浴施設のリニューアルに伴う休止等により増収減益。
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 2 / Company name 新小山カントリー倶楽部（株）, WonderScape（株） / Excluded Number of companies 0 / Company name Not disclosed
Material subsequent events2025年7月11日に第36回無担保社債（サステナビリティボンド）を発行。発行総額は10,000百万円で、借入金返済資金に充当する予定。
Impairment loss¥21 million
Breakdown of extraordinary income (loss)Extraordinary income Gain on sale of non-current assets ¥37 million, Gain on sale of investment securities ¥1,131 million, Gain on sale of investments in an affiliated company ¥1,289 million, Gain on bargain purchase ¥133 million, Gain on liquidation of affiliates ¥11 million, Reversal of allowance for doubtful accounts ¥238 million / Extraordinary loss Loss on sale of fixed assets ¥1 million, Loss on Disposal of Fixed Assets ¥113 million, Impairment Losses ¥21 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株
Treasury Shares at Period-End1,235,655株
| Item | Details |
|---|---|
| Fiscal Period Classification | Interim period (second quarter) |
| Accounting standards | Japanese GAAP |
| Consolidated / non-consolidated | Consolidated |
| Period Covered | 2025年1月1日〜2025年6月30日 |
| Net Sales | ¥208,793 million (YoY -24.8%) |
| Operating profit | ¥34,033 million (YoY -33.6%) |
| Ordinary income | ¥27,912 million (YoY -42.0%) |
| Profit attributable to owners of the parent | ¥20,549 million (YoY -35.2%) |
| Net income per share | ¥98.62 |
| Equity ratio | End of the current fiscal period 24.7% / End of previous period 25.8% |
| Total assets | ¥2,205,209 million |
| Net assets | ¥555,562 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%) |
| Revision to Earnings Forecast | No |
| Annual Dividend Forecast | ¥95 → ¥97（+2.1%） |
| Segment revenue | Building Business ¥73,150 million (YoY -3.3%), Housing Business ¥102,538 million (YoY -40.2%), Asset Services Business ¥21,858 million (YoY +6.3%), Other Businesses ¥11,245 million (YoY +13.3%) |
| Segment profit | Building Business ¥18,219 million (YoY +13.9%), Housing Business ¥17,674 million (YoY -51.5%), Asset Services Business ¥3,534 million (YoY -19.7%), Other Businesses ¥1,011 million |
| Impairment loss | ¥21 million |
| Breakdown of extraordinary income (loss) | Extraordinary income Gain on sale of non-current assets ¥37 million, Gain on sale of investment securities ¥1,131 million, Gain on sale of investments in an affiliated company ¥1,289 million, Gain on bargain purchase ¥133 million, Gain on liquidation of affiliates ¥11 million, Reversal of allowance for doubtful accounts ¥238 million / Extraordinary loss Loss on sale of fixed assets ¥1 million, Loss on Disposal of Fixed Assets ¥113 million, Impairment Losses ¥21 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 2 / Company name 新小山カントリー倶楽部（株）, WonderScape（株） / Excluded Number of companies 0 / Company name Not disclosed |
| Material subsequent events | 2025年7月11日に第36回無担保社債（サステナビリティボンド）を発行。発行総額は10,000百万円で、借入金返済資金に充当する予定。 |
| 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株 |
| Treasury Shares at Period-End | 1,235,655株 |
| Factors Behind Changes in Business Performance | 住宅事業における分譲売上が減少し、前年同期に大型マンションを売上計上した影響などにより減収減益。ビル事業は賃貸・施設運営が堅調、アセットサービス事業は仲介が堅調で投資家向け物件売却収益が増加。その他事業はリゾート施設の稼働が堅調だった一方、一部温浴施設のリニューアルに伴う休止等により増収減益。 |
Items this document does not state (10)
Operating MarginCash flows from operating activitiesCash flows from investing activitiesCash flows from financing activitiesCash and cash equivalents at end of periodPayout ratioShareholder Return PolicyRegional salesOrders received and order backlogDepreciation and amortization
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売上の減少、前年同期に大型マンションを売上計上した影響など。ビル事業では賃貸・施設運営が堅調だった一方、不動産売上が減少し、その他事業では一部温浴施設のリニューアルに伴う休止などにより減益となった。
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.
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.