Komori
Presentation materials for financial results8844COSMOS INITIA Co.,Ltd.Real Estate

Earnings Presentation Materials for the Fiscal Year Ending March 2026

For the fiscal year ended March 2026, revenue and profit increased substantially, driven by growth in the accommodation and solutions businesses, and operating profit exceeded the target under the medium-term plan. For the fiscal year ending March 2027, the company expects higher revenue and operating profit, but forecasts lower ordinary profit and net profit due to higher financial costs and the reversal of one-off gains. It also announced a reorganization of its business segments and the introduction of a new shareholder benefit program.

Worth reading
61In 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
197.6
¥100 million (year-on-year increase in revenue)
Wording
Conditional
How definitive the wording is.

Contents of this document

Presentation materials for financial resultsFiscal year ending March 202612 items taken from the company’s own explanation
Financial Results Figures (The key points of this material are explained below)
Net Sales1,492.9 Hundreds of millions of yen+15.3%
Operating profit125.3 Hundreds of millions of yen+32.6%
Ordinary income111.5 Hundreds of millions of yen+40.5%
Net income82.3 Hundreds of millions of yen+54.7%
Selling, general and administrative expenses193.9 Hundreds of millions of yen
Full-year earnings forecast
Fiscal Period CoveredFiscal year ending March 2027
Net Sales
1,880 Hundreds of millions of yen
Gross profit
385 Hundreds of millions of yen
Selling, general and administrative expenses
250 Hundreds of millions of yen
Operating profit
136 Hundreds of millions of yen
Ordinary income
110 Hundreds of millions of yen
Net income
72 Hundreds of millions of yen
What the company explained in this material
Breakdown of Factors Affecting the ChangeReasons cited by the Company for the change in the figures.
  • Housing sales business+¥210 million
  • Income-producing property sales business+¥520 million
  • Hotel Operations Business-¥760 million
  • Leasing and operations business+¥200 million
  • Other Businesses+¥910 million
  • Adjustments-¥30 million
Assumptions Underlying the Business OutlookThe assumptions used by the company in preparing its forecast.
Qualitative assumptions regarding housing demand, demand for real estate investment, inbound demand, rising rents, and demand for shared offices. Numerical assumptions: Not disclosed
New initiatives
  • Change from the former 4 business segments to 5 new business segments
  • Establish 株式会社コスモスイニシア不動産投資顧問 and plan to launch a private fund business
  • Make 株式会社WOOC a consolidated subsidiary and plan to make it a wholly owned subsidiary in March 2027
  • Introduce a new shareholder benefit program
  • Plan to open the mixed-use dog resort “Ruff-Laugh”
  • Develop the existing-building conversion apartment hotel “UCHIWA STAY OSAKA NAMBA”
Key KPIsA metric the company considers important as a management benchmark.
  • ROE15.5 %
    Year on year against the same period last year+4.1%
  • Equity ratio30.6 %
    Year on year against the same period last year+2.8%
  • Net debt-to-equity ratio1.3 times
    Year on year against the same period last year-0.2%
  • Number of MIMARU-operated properties27 Facility
  • Number of MIMARU-operated rooms1,434 Rooms
  • Number of MID POINT properties15 Facility
    Year on year against the same period last year+6.0%
  • Number of directly operated BIZcomfort and other locations204 Facility
    Year on year against the same period last year+13.0%
Unit price and quantity metricsThese figures show sales broken down by price and volume.
  • New condominium and detached-home handovers335 units
    Year on year against the same period last year-151.0%
  • Average selling price of new condominiums and detached homes¥6,535 10,000
    Year on year against the same period last year+21.1%
  • Renovated condominium handovers260 units
    Year on year against the same period last year-37.0%
  • Average selling price of renovated condominiums¥9,377 10,000
    Year on year against the same period last year+46.7%
  • Average hotel room rate¥52 thousand
    Year on year against the same period last year+4.0%
  • Hotel occupancy rate74.2 %
    Year on year against the same period last year+1.5%
Segment results
  • Residential business
    Net Sales482.8 Hundreds of millions of yen (YoY -0.4%)
    Operating profit22 Hundreds of millions of yen (YoY +67.6%)
  • Solutions Business
    Net Sales636.1 Hundreds of millions of yen (YoY +32.8%)
    Operating profit44.1 Hundreds of millions of yen (YoY +1.8%)
  • Lodging business
    Net Sales290.6 Hundreds of millions of yen (YoY +22.7%)
    Operating profit91.8 Hundreds of millions of yen (YoY +35.6%)
  • Construction business
    Net Sales93.3 Hundreds of millions of yen (YoY -4.8%)
    Operating profit0.9 Hundreds of millions of yen
Medium-term management plan targets
  • TargetOperating profit of ¥10 billion
    Target fiscal yearFinal year of Medium-Term Management Plan 2026
    Actual resultsOperating profit of ¥12.53 billion for the fiscal year ended March 2026
  • TargetDividend payout ratio of 30% in the final year
    Target fiscal yearFinal year of Medium-Term Management Plan 2028
    Actual resultsForecast dividend payout ratio of 25% for the fiscal year ending March 2027
  • Target3,000 MIMARU-operated rooms
    Target fiscal year2030
    Actual results1,434 rooms at the end of the fiscal year ended March 2026
Financial targets
  • ROE
    Actual results15.5
  • Equity ratio
    Target30
    Actual results30.6
Market Size / Share
Domestic real estate investment marketInvestment volume exceeded ¥6 trillion in 2025
Number of stores and locations
End of period27 MIMARU properties, 15 MID POINT properties, and 204 BIZcomfort and other properties
Number of store openings and closures during the periodOpened 6 MID POINT locations during the period
Annual Dividend
Fiscal year ending March 2026
Annual¥48 per share
Forecast for the fiscal year ending March 2027
Annual¥53 per share
Interim¥16 per share
End of period¥37 per share
Payout ratio
Fiscal year ending March 202619.8 %
Forecast for the fiscal year ending March 202725 %
Contents of this document
ItemDetails
Document typePresentation materials for financial results
Fiscal Period CoveredFiscal year ending March 2026
Net Sales1,492.9 Hundreds of millions of yen (YoY +15.3%)
Operating profit125.3 Hundreds of millions of yen (YoY +32.6%)
Ordinary income111.5 Hundreds of millions of yen (YoY +40.5%)
Net income82.3 Hundreds of millions of yen (YoY +54.7%)
Selling, general and administrative expenses193.9 Hundreds of millions of yen
Full-year earnings forecastFiscal Period Covered Fiscal year ending March 2027 / Net Sales 1,880 Hundreds of millions of yen / Gross profit 385 Hundreds of millions of yen / Selling, general and administrative expenses 250 Hundreds of millions of yen / Operating profit 136 Hundreds of millions of yen / Ordinary income 110 Hundreds of millions of yen / Net income 72 Hundreds of millions of yen
Segment resultsSegment Residential business / Net Sales 482.8 Hundreds of millions of yen (YoY -0.4%) / Operating profit 22 Hundreds of millions of yen (YoY +67.6%), Segment Solutions Business / Net Sales 636.1 Hundreds of millions of yen (YoY +32.8%) / Operating profit 44.1 Hundreds of millions of yen (YoY +1.8%), Segment Lodging business / Net Sales 290.6 Hundreds of millions of yen (YoY +22.7%) / Operating profit 91.8 Hundreds of millions of yen (YoY +35.6%), Segment Construction business / Net Sales 93.3 Hundreds of millions of yen (YoY -4.8%) / Operating profit 0.9 Hundreds of millions of yen
Breakdown of Factors Affecting the ChangeFactors Housing sales business / Amount +¥210 million, Factors Income-producing property sales business / Amount +¥520 million, Factors Hotel Operations Business / Amount -¥760 million, Factors Leasing and operations business / Amount +¥200 million, Factors Other Businesses / Amount +¥910 million, Factors Adjustments / Amount -¥30 million
Key KPIsIndicator name ROE / Value 15.5 % / Year on year against the same period last year 4.1 %, Indicator name Equity ratio / Value 30.6 % / Year on year against the same period last year 2.8 %, Indicator name Net debt-to-equity ratio / Value 1.3 times / Year on year against the same period last year -0.2 times, Indicator name Number of MIMARU-operated properties / Value 27 Facility / Year on year against the same period last year Not disclosed, Indicator name Number of MIMARU-operated rooms / Value 1,434 Rooms / Year on year against the same period last year Not disclosed, Indicator name Number of MID POINT properties / Value 15 Facility / Year on year against the same period last year 6 Facility, Indicator name Number of directly operated BIZcomfort and other locations / Value 204 Facility / Year on year against the same period last year 13 Facility
Unit price and quantity metricsIndicator name New condominium and detached-home handovers / Value 335 units / Year on year against the same period last year -151 units, Indicator name Average selling price of new condominiums and detached homes / Value ¥6,535 10,000 / Year on year against the same period last year ¥21.1 10,000, Indicator name Renovated condominium handovers / Value 260 units / Year on year against the same period last year -37 units, Indicator name Average selling price of renovated condominiums / Value ¥9,377 10,000 / Year on year against the same period last year ¥46.7 10,000, Indicator name Average hotel room rate / Value ¥52 thousand / Year on year against the same period last year ¥4 thousand, Indicator name Hotel occupancy rate / Value 74.2 % / Year on year against the same period last year 1.5 %
Number of stores and locationsEnd of period 27 MIMARU properties, 15 MID POINT properties, and 204 BIZcomfort and other properties / Number of store openings and closures during the period Opened 6 MID POINT locations during the period
Assumptions Underlying the Business OutlookQualitative assumptions regarding housing demand, demand for real estate investment, inbound demand, rising rents, and demand for shared offices. Numerical assumptions: Not disclosed
Medium-term management plan targetsTarget Operating profit of ¥10 billion / Target fiscal year Final year of Medium-Term Management Plan 2026 / Actual results Operating profit of ¥12.53 billion for the fiscal year ended March 2026, Target Dividend payout ratio of 30% in the final year / Target fiscal year Final year of Medium-Term Management Plan 2028 / Actual results Forecast dividend payout ratio of 25% for the fiscal year ending March 2027, Target 3,000 MIMARU-operated rooms / Target fiscal year 2030 / Actual results 1,434 rooms at the end of the fiscal year ended March 2026
Financial targetsIndicator ROE / Actual results 15.5 %, Indicator Equity ratio / Target 30 % / Actual results 30.6 %
Annual DividendFiscal year ending March 2026 Annual ¥48 per share / Forecast for the fiscal year ending March 2027 Annual ¥53 per share / Interim ¥16 per share / End of period ¥37 per share
Payout ratioFiscal year ending March 2026 19.8 % / Forecast for the fiscal year ending March 2027 25 %
Market Size / ShareDomestic real estate investment market Investment volume exceeded ¥6 trillion in 2025
New initiativesChange from the former 4 business segments to 5 new business segments, Establish 株式会社コスモスイニシア不動産投資顧問 and plan to launch a private fund business, Make 株式会社WOOC a consolidated subsidiary and plan to make it a wholly owned subsidiary in March 2027, Introduce a new shareholder benefit program, Plan to open the mixed-use dog resort “Ruff-Laugh”, Develop the existing-building conversion apartment hotel “UCHIWA STAY OSAKA NAMBA”
Items this document does not state (11)
Gross Profit MarginOperating profit marginResults for the three months of the current quarterProgress against full-year forecastSelf-assessment against the planNumber of employeesRisk amount incorporated into the outlookAcquisition of treasury sharesCapital expendituresOrders received and order backlogKey points of the Q&A

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.

For the fiscal year ended March 2026, profit growth was supported by the handover of high-margin properties and improved occupancy rates and average room rates in hotel operations, as well as an increase in the number of income-producing properties handed over in the solutions business. For the fiscal year ending March 2027, the company expects revenue growth from business expansion, while anticipating higher SG&A expenses due to strategic investments in digital initiatives and human capital, higher financial costs, and the reversal of one-off gains recorded in the previous fiscal year.

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.
Earnings Presentation Materials for the Fiscal Year Ending March 2026 | COSMOS INITIA Co.,Ltd. (8844) timely disclosure | Komori