Worth reading
55In 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
20.2
Year-on-year change in operating profit (%)Wording
Conditional
How definitive the wording is.Results for this period
Full year1 January 2025 to 31 December 2025ConsolidatedJapanese GAAPNet Sales474,586¥ millionYear on year +2.3%Progress 90.6%
Operating profit95,763¥ millionYear on year +20.2%Progress 95.8%
Ordinary income78,187¥ millionYear on year +9.0%Progress 97.1%
Net income attributable to owners of the parent58,879¥ millionYear on year -10.6%Progress 93.5%
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 share283.08円
Operating Margin20.2%
Financial position at period-end
Total assets2,272,720¥ million
of which net assets 603,137 ¥ millionEquity ratio 26.0%vs. prior year-end +0.2pt
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+32,106
Investment-97,408
Financials+104,166
Net change+38,864
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¥152,292 million
Segment revenueBuilding Business ¥220,177 million (YoY +24.7%), Housing Business ¥165,139 million (YoY -21.9%), Asset Services Business ¥63,454 million (YoY +15.9%)
Segment profitBuilding Business ¥67,363 million (YoY +60.7%), Housing Business ¥25,569 million (YoY -32.1%), Asset Services Business ¥11,494 million (YoY -0.4%)
Outlook and shareholder returns
Full-year earnings forecast
Net Sales¥524,000 million (YoY +10.4%)
Operating profit¥100,000 million (YoY +4.4%)
Ordinary income¥80,500 million (YoY +3.0%)
Net income¥63,000 million (YoY +7.0%)
Annual Dividend Forecast¥105 → ¥122
Payout ratio40.2%
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売上が減少した一方、ビル事業及び住宅事業における投資家向け物件売却が増加した。前期に政策保有株式を売却した反動等により、親会社株主に帰属する当期純利益は減少した。
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 新小山カントリー倶楽部（株）, WonderScape（株）, TT 899 Collins Street Trust, Tokyo Tatemono UK Ltd. / Excluded Number of companies 0 / Company name Not disclosed
Material subsequent eventsNot applicable.
Impairment loss¥1,902 million
Breakdown of extraordinary income (loss)Extraordinary income Gain on sale of non-current assets ¥38 million, Gain on sale of investment securities ¥10,587 million, Gain on sale of shares in an affiliated company ¥37 million, Gain on sale of investments in an affiliated company ¥1,289 million, Gain on liquidation of affiliates ¥11 million, Reversal of allowance for doubtful accounts ¥241 million, Gain on bargain purchase ¥133 million / Extraordinary loss Loss on sale of fixed assets ¥1 million, Loss on Disposal of Fixed Assets ¥216 million, Impairment Losses ¥1,902 million
Depreciation and amortization¥23,580 million
Availability of Supplementary Financial Results MaterialsYes
Availability of Financial Results BriefingWhether applicable Yes / Subject person Institutional investors and analysts
Issued Shares at Period-End207,978,574 Shares
Treasury Shares at Period-End372,008 Shares
| Item | Details |
|---|---|
| Fiscal Period Classification | Full year |
| Accounting standards | Japanese GAAP |
| Consolidated / non-consolidated | Consolidated |
| Period Covered | 1 January 2025 to 31 December 2025 |
| Net Sales | ¥474,586 million (YoY +2.3%) |
| Operating profit | ¥95,763 million (YoY +20.2%) |
| Ordinary income | ¥78,187 million (YoY +9.0%) |
| Profit attributable to owners of the parent | ¥58,879 million (YoY -10.6%) |
| Net income per share | 283.08円 |
| Operating Margin | 20.2% |
| Equity ratio | End of the current fiscal period 26.0% / End of previous period 25.8% |
| Total assets | ¥2,272,720 million |
| Net assets | ¥603,137 million |
| Cash flows from operating activities | ¥32,106 million |
| Cash flows from investing activities | ¥-97,408 million |
| Cash flows from financing activities | ¥104,166 million |
| Cash and cash equivalents at end of period | ¥152,292 million |
| Full-year earnings forecast | Net Sales ¥524,000 million (YoY +10.4%) / Operating profit ¥100,000 million (YoY +4.4%) / Ordinary income ¥80,500 million (YoY +3.0%) / Net income ¥63,000 million (YoY +7.0%) |
| Annual Dividend Forecast | ¥105 → ¥122 |
| Payout ratio | 40.2% |
| Shareholder Return Policy | 2027年度の連結配当性向40％ |
| Segment revenue | Building Business ¥220,177 million (YoY +24.7%), Housing Business ¥165,139 million (YoY -21.9%), Asset Services Business ¥63,454 million (YoY +15.9%) |
| Segment profit | Building Business ¥67,363 million (YoY +60.7%), Housing Business ¥25,569 million (YoY -32.1%), Asset Services Business ¥11,494 million (YoY -0.4%) |
| Depreciation and amortization | ¥23,580 million |
| Impairment loss | ¥1,902 million |
| Breakdown of extraordinary income (loss) | Extraordinary income Gain on sale of non-current assets ¥38 million, Gain on sale of investment securities ¥10,587 million, Gain on sale of shares in an affiliated company ¥37 million, Gain on sale of investments in an affiliated company ¥1,289 million, Gain on liquidation of affiliates ¥11 million, Reversal of allowance for doubtful accounts ¥241 million, Gain on bargain purchase ¥133 million / Extraordinary loss Loss on sale of fixed assets ¥1 million, Loss on Disposal of Fixed Assets ¥216 million, Impairment Losses ¥1,902 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 新小山カントリー倶楽部（株）, WonderScape（株）, TT 899 Collins Street Trust, Tokyo Tatemono UK Ltd. / 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 | 207,978,574 Shares |
| Treasury Shares at Period-End | 372,008 Shares |
| Factors Behind Changes in Business Performance | 住宅事業における分譲売上が減少した一方、ビル事業及び住宅事業における投資家向け物件売却が増加した。前期に政策保有株式を売却した反動等により、親会社株主に帰属する当期純利益は減少した。 |
Items this document does not state (3)
Revision to Earnings ForecastRegional salesOrders 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.住宅事業の分譲売上が減少した一方、ビル事業および住宅事業の投資家向け物件売却が増加した。親会社株主に帰属する当期純利益は、前期に政策保有株式を売却した反動などにより減少した。
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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Corrections happenIf the company reissues this disclosure, the page is rebuilt from the corrected version and the revision number moves up.