Full-Year Financial Results Presentation for the Fiscal Year Ending March 2026 | FUJI CORPORATION LIMITED (8860) timely disclosure

Worth reading

84Important

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Direction

Improvement

Direction inferred from the company’s description.

Scale

138332

¥ million

Wording

Conditional

How definitive the wording is.

Contents of this document

Financial results presentationFiscal year ending March 2026, full year14 items taken from the company’s own explanation

Financial Results Figures (The key points of this material are explained below)

Net Sales¥138,332 million+11.6%

Operating profit¥8,294 million+5.1%

Ordinary income¥6,995 million+0.1%

Net income¥4,757 million-0.1%

Gross Profit Margin15.2%

Operating profit margin6.0%

Selling, general and administrative expenses¥12,723 million

Results for the three months of the current quarter

Net Sales

¥33,054 million

Operating profit

¥1,524 million

Ordinary income

¥1,035 million

Net income

¥766 million

Full-year earnings forecast

Fiscal year ending March 2027Undecided (unable to calculate a consolidated earnings forecast due to uncertainty over crude oil prices and materials supplies arising from the situation in the Middle East)

What the company explained in this material

Self-assessment against the planThe company's self-assessment against its own plan.

Significantly exceeded the target for the first year of the Medium-Term Management Plan

Assumptions Underlying the Business OutlookThe assumptions used by the company in preparing its forecast.

Uncertainty over crude oil prices and materials supplies arising from the situation in the Middle East, as well as the impact of fluctuations in materials prices and procurement delays. Numerical assumptions: Not disclosed.

New initiatives

Continue the progressive dividend policy
Expansion of the shareholder benefits program
Increase investment in the capital-efficient Effective Land Utilization and Rental and Property Management businesses
Expand the number of facilities operated by making serviced housing for older people a priority business
Actively rotate used asset properties

Key KPIsA metric the company considers important as a management benchmark.

Order contract backlog¥67,839 million
Year on year against the same period last year+12.8%
Equity ratio30.2 %
Year on year against the same period last yearUp 0.4 percentage points year on year
Net debt-to-equity ratio1.58 times
Year on year against the same period last yearDown 0.01 percentage points
ROE8.4 %
Year on year against the same period last yearDown 0.6 percentage points year on year
Number of used assets held950 units
Year on year against the same period last yearDown 39 units
Annual rental income from used assets¥1,342 million
Year on year against the same period last year+8.1%
Occupancy rate of master-leased managed properties97.6 %

Unit price and quantity metricsThese figures show sales broken down by price and volume.

The presentation includes sales volumes, numbers of buildings and projects, and revenue for For-sale Housing, Housing Distribution and Effective Land Utilization. In Housing Distribution, it refers to sales of 1,162 used condominiums and higher average selling prices.

Segment results

For-sale housing
Net Sales36,737
Profit1,595
Year-on-year change in revenue5.8
Year-on-year change in profit-29.1
Residential Property Distribution
Net Sales35,122
Profit1,236
Year-on-year change in revenue31.7
Year-on-year change in profit41
Land utilization
Net Sales30,969
Profit3,101
Year-on-year change in revenue2.8
Year-on-year change in profit12.2
Leasing and Property Management
Net Sales33,864
Profit4,452
Year-on-year change in revenue9.3
Year-on-year change in profit13.4
Construction-Related
Net Sales1,416
Profit10
Year-on-year change in revenue12.5
Year-on-year change in profit-89
Other
Net Sales221
Profit163
Year-on-year change in revenue24.3
Year-on-year change in profit23.1

Medium-term management plan targets

Fiscal year ending March 2026

Net Sales126,000

Operating profit7,200

Ordinary income5,700

Net income for the current fiscal year3,700

ROE6.6%

Equity ratio25% or higher

Fiscal year ending March 2027

Net Sales127,200

Operating profit7,300

Ordinary income5,300

Net income for the current fiscal year3,500

ROE6.0%

Equity ratio25% or higher

Fiscal year ending March 2028

Net Sales131,900

Operating profit8,200

Ordinary income6,200

Net income for the current fiscal year4,100

ROE6.6%

Equity ratio25% or higher

Financial targets

ROE

Target6.6% for the fiscal year ending March 2026

Actual results8.4%

Equity ratio

Target25% or higher

Actual results30.2%

Market Size / Share

Ranked 8th nationwide in the 2025 ranking of annual sales of acquired-and-resold properties, and 1st in the ranking of the number of serviced housing for older people facilities operated. Market size and market share figures: Not disclosed.

Orders received and order backlog

Order contract backlog¥67,839 million

Capital expenditures

¥12,301 millions purchases of property, plant and equipment

Annual Dividend

Fiscal year ending March 2026¥32 (planned)

Interim¥16 per share

End of period¥16 per share

Payout ratio

24.2 %

Total payout ratio33.7%

Acquisition of treasury shares

Number of Shares560,900

PeriodDuring the current fiscal year

Contents of this document
Item	Details
Document type	Financial results presentation
Fiscal Period Covered	Fiscal year ending March 2026, full year
Net Sales	¥138,332 million (YoY +11.6%)
Operating profit	¥8,294 million (YoY +5.1%)
Ordinary income	¥6,995 million (YoY +0.1%)
Net income	¥4,757 million (YoY -0.1%)
Gross Profit Margin	15.2%
Operating profit margin	6.0%
Selling, general and administrative expenses	¥12,723 million
Results for the three months of the current quarter	Net Sales ¥33,054 million / Operating profit ¥1,524 million / Ordinary income ¥1,035 million / Net income ¥766 million
Full-year earnings forecast	Fiscal year ending March 2027 Undecided (unable to calculate a consolidated earnings forecast due to uncertainty over crude oil prices and materials supplies arising from the situation in the Middle East)
Self-assessment against the plan	Significantly exceeded the target for the first year of the Medium-Term Management Plan
Segment results	Segment For-sale housing / Net Sales 36,737 / Profit 1,595 / Year-on-year change in revenue 5.8 / Year-on-year change in profit -29.1, Segment Residential Property Distribution / Net Sales 35,122 / Profit 1,236 / Year-on-year change in revenue 31.7 / Year-on-year change in profit 41, Segment Land utilization / Net Sales 30,969 / Profit 3,101 / Year-on-year change in revenue 2.8 / Year-on-year change in profit 12.2, Segment Leasing and Property Management / Net Sales 33,864 / Profit 4,452 / Year-on-year change in revenue 9.3 / Year-on-year change in profit 13.4, Segment Construction-Related / Net Sales 1,416 / Profit 10 / Year-on-year change in revenue 12.5 / Year-on-year change in profit -89, Segment Other / Net Sales 221 / Profit 163 / Year-on-year change in revenue 24.3 / Year-on-year change in profit 23.1
Key KPIs	Indicator Order contract backlog / Value ¥67,839 million / Year on year against the same period last year ¥12.8 million, Indicator Equity ratio / Value 30.2 % / Year on year against the same period last year Up 0.4 percentage points year on year, Indicator Net debt-to-equity ratio / Value 1.58 times / Year on year against the same period last year Down 0.01 percentage points, Indicator ROE / Value 8.4 % / Year on year against the same period last year Down 0.6 percentage points year on year, Indicator Number of used assets held / Value 950 units / Year on year against the same period last year Down 39 units, Indicator Annual rental income from used assets / Value ¥1,342 million / Year on year against the same period last year ¥8.1 million, Indicator Occupancy rate of master-leased managed properties / Value 97.6 % / Year on year against the same period last year Not disclosed
Unit price and quantity metrics	The presentation includes sales volumes, numbers of buildings and projects, and revenue for For-sale Housing, Housing Distribution and Effective Land Utilization. In Housing Distribution, it refers to sales of 1,162 used condominiums and higher average selling prices.
Assumptions Underlying the Business Outlook	Uncertainty over crude oil prices and materials supplies arising from the situation in the Middle East, as well as the impact of fluctuations in materials prices and procurement delays. Numerical assumptions: Not disclosed.
Medium-term management plan targets	Fiscal year ending March 2026 Net Sales 126,000 / Operating profit 7,200 / Ordinary income 5,700 / Net income for the current fiscal year 3,700 / ROE 6.6% / Equity ratio 25% or higher / Fiscal year ending March 2027 Net Sales 127,200 / Operating profit 7,300 / Ordinary income 5,300 / Net income for the current fiscal year 3,500 / ROE 6.0% / Equity ratio 25% or higher / Fiscal year ending March 2028 Net Sales 131,900 / Operating profit 8,200 / Ordinary income 6,200 / Net income for the current fiscal year 4,100 / ROE 6.6% / Equity ratio 25% or higher
Financial targets	ROE Target 6.6% for the fiscal year ending March 2026 / Actual results 8.4% / Equity ratio Target 25% or higher / Actual results 30.2%
Annual Dividend	Fiscal year ending March 2026 ¥32 (planned) / Interim ¥16 per share / End of period ¥16 per share
Payout ratio	24.2 %
Acquisition of treasury shares	Number of Shares 560,900 / Amount Not disclosed / Period During the current fiscal year
Capital expenditures	¥12,301 millions (purchases of property, plant and equipment)
Orders received and order backlog	Order contract backlog ¥67,839 million
Market Size / Share	Ranked 8th nationwide in the 2025 ranking of annual sales of acquired-and-resold properties, and 1st in the ranking of the number of serviced housing for older people facilities operated. Market size and market share figures: Not disclosed.
New initiatives	Continue the progressive dividend policy, Expansion of the shareholder benefits program, Increase investment in the capital-efficient Effective Land Utilization and Rental and Property Management businesses, Expand the number of facilities operated by making serviced housing for older people a priority business, Actively rotate used asset properties

Items this document does not state (6)

Progress against full-year forecastBreakdown of Factors Affecting the ChangeNumber of stores and locationsNumber of employeesRisk amount incorporated into the outlookKey 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.

Revenue increased due to the completion and delivery of large-scale for-sale condominiums, strong sales of used condominiums, growth in construction contracts for rental housing and other properties, and an increase in the number of managed buildings. In the Housing Distribution business, strategic inventory accumulation and higher average selling prices contributed to results, while improved profitability contributed in the Effective Land Utilization business. Operating income and ordinary income margins declined due to higher personnel expenses and interest payments. The decline in profit from for-sale housing was attributable to the absence of the prior year's high-margin sales of large parcels of development land and lower margins on certain condominiums.

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