Worth reading
56In 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
-46.7
Year-on-year change in operating profit (%)Wording
Conditional
How definitive the wording is.Results for this period
First quarter1 January 2026–31 March 2026ConsolidatedJapanese GAAPNet Sales98,619¥ millionYear on year -22.1%Progress 18.8%
Operating profit12,645¥ millionYear on year -46.7%Progress 12.6%
Ordinary income9,249¥ millionYear on year -55.1%Progress 11.5%
Net income attributable to owners of the parent5,717¥ millionYear on year -60.2%Progress 9.1%
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¥27.54
Financial position at period-end
Total assets2,388,580¥ million
of which net assets 603,634 ¥ millionEquity ratio 24.8%vs. prior year-end -1.2pt
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.
Segment revenueBuilding Business ¥52,915 million (YoY +41.2%), Housing Business ¥25,094 million (YoY -64.9%), Asset Services Business ¥15,287 million (YoY +25.8%)
Segment profitBuilding Business ¥10,895 million (YoY +14.6%), Housing Business ¥2,840 million (YoY -80.6%), Asset Services Business ¥2,041 million (YoY -17.4%)
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%)
Revision to Earnings ForecastNo
Annual Dividend Forecast¥105 → ¥122
Factors Behind Changes in Business Performance
Lower revenue from residential property sales, among other factors. In the Building Business, real estate sales increased and building leasing and facility operations remained solid. In the Asset Services Business, sales of properties to investors increased, while revenue from the brokerage business declined. In Other Businesses, some hot spring facilities resumed operations, while an equity-method investment loss was recorded.
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 / Excluded 0 / Company name None
Impairment loss¥17 million
Breakdown of extraordinary income (loss)Extraordinary income Gain on sale of non-current assets ¥0 million, Gain on sale of investment securities ¥477 million, Reversal of allowance for doubtful accounts ¥25 million / Extraordinary loss Loss on sale of fixed assets ¥11 million, Loss on Disposal of Fixed Assets ¥55 million, Impairment Losses ¥17 million
Depreciation and amortization¥5,996 million
Availability of Supplementary Financial Results MaterialsYes
Availability of Financial Results BriefingAvailable (for institutional investors and analysts)
Issued Shares at Period-End207,978,574
Treasury Shares at Period-End359,385
| Item | Details |
|---|---|
| Fiscal Period Classification | First quarter |
| Accounting standards | Japanese GAAP |
| Consolidated / non-consolidated | Consolidated |
| Period Covered | 1 January 2026–31 March 2026 |
| Net Sales | ¥98,619 million (YoY -22.1%) |
| Operating profit | ¥12,645 million (YoY -46.7%) |
| Ordinary income | ¥9,249 million (YoY -55.1%) |
| Profit attributable to owners of the parent | ¥5,717 million (YoY -60.2%) |
| Net income per share | ¥27.54 |
| Equity ratio | End of the current fiscal period 24.8 / End of previous period 26 |
| Total assets | ¥2,388,580 million |
| Net assets | ¥603,634 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%) |
| Revision to Earnings Forecast | No |
| Annual Dividend Forecast | ¥105 → ¥122 |
| Segment revenue | Building Business ¥52,915 million (YoY +41.2%), Housing Business ¥25,094 million (YoY -64.9%), Asset Services Business ¥15,287 million (YoY +25.8%) |
| Segment profit | Building Business ¥10,895 million (YoY +14.6%), Housing Business ¥2,840 million (YoY -80.6%), Asset Services Business ¥2,041 million (YoY -17.4%) |
| Depreciation and amortization | ¥5,996 million |
| Impairment loss | ¥17 million |
| Breakdown of extraordinary income (loss) | Extraordinary income Gain on sale of non-current assets ¥0 million, Gain on sale of investment securities ¥477 million, Reversal of allowance for doubtful accounts ¥25 million / Extraordinary loss Loss on sale of fixed assets ¥11 million, Loss on Disposal of Fixed Assets ¥55 million, Impairment Losses ¥17 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 / Excluded 0 / Company name None |
| Availability of Supplementary Financial Results Materials | Yes |
| Availability of Financial Results Briefing | Available (for institutional investors and analysts) |
| Issued Shares at Period-End | 207,978,574 |
| Treasury Shares at Period-End | 359,385 |
| Factors Behind Changes in Business Performance | Lower revenue from residential property sales, among other factors. In the Building Business, real estate sales increased and building leasing and facility operations remained solid. In the Asset Services Business, sales of properties to investors increased, while revenue from the brokerage business declined. In Other Businesses, some hot spring facilities resumed operations, while an equity-method investment loss was recorded. |
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 backlogMaterial subsequent events
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.Lower revenue from residential property sales, among other factors. In the Residential Business, revenue decreased year on year; in the Asset Services Business, revenue from the brokerage business declined; and in Other Businesses, an equity-method investment loss was recorded.
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.