Worth reading
37Immaterial
Scored from 5 of 6 sectionsDirection
Deterioration
Direction inferred from the company’s description.Scale
-1163
¥ million (year-on-year change in operating income)Wording
Conditional
How definitive the wording is.Results for this period
Interim period (second quarter)1 April 2026 to 30 September 2026ConsolidatedJapanese GAAPNet Sales70,471¥ millionYear on year -1.7%Progress 48.6%
Operating profit3,723¥ millionYear on year -23.8%Progress 40.9%
Ordinary income2,886¥ millionYear on year -34.6%Progress 41.2%
Net income attributable to owners of the parent1,868¥ millionYear on year -37.1%Progress 40.6%
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¥52.17
Financial position at period-end
Total assets203,406¥ million
of which net assets 59,972 ¥ millionEquity ratio 29.5%vs. prior year-end -0.7pt
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 revenueFor-sale housing ¥13,733,029 thousand, Residential Property Distribution ¥20,144,812 thousand, Land utilization ¥17,915,780 thousand, Leasing and Property Management ¥17,933,250 thousand, Construction-Related ¥630,393 thousand
Segment profitFor-sale housing ¥104,596 thousand, Residential Property Distribution ¥822,289 thousand, Land utilization ¥1,444,692 thousand, Leasing and Property Management ¥2,234,278 thousand, Construction-Related ¥-1,287 thousand
Outlook and shareholder returns
Full-year earnings forecast
Net Sales¥145,000 million (YoY +4.8%)
Operating profit¥9,100 million (YoY +9.7%)
Ordinary income¥7,000 million (YoY +0.1%)
Net income¥4,600 million (YoY -3.3%)
Annual Dividend Forecast¥32 → ¥32（0.0%）
Factors Behind Changes in Business Performance
Revenue and profit declined due in part to the adverse impact of the completion and handover of a large-scale condominium development in the same period of the previous year. Results were also affected by higher costs and personnel expenses, as well as increased financial costs due to rising interest rates.
Disclosure regarding the going concern assumption
No applicable matters
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 Not disclosed / Excluded Not disclosed / Company name Not disclosed / Material changes No
Material subsequent eventsNo applicable matters
Impairment lossNot applicable (impairment losses on fixed assets by reporting segment)
Breakdown of extraordinary income (loss)Extraordinary income Gain on sale of non-current assets ¥595 thousand / Extraordinary loss Loss on sale of property, plant and equipment ¥884 thousand, Loss on disposal of non-current assets ¥1,348 thousand
Depreciation and amortization¥172,900 thousand
Availability of Supplementary Financial Results MaterialsYes
Availability of Financial Results BriefingYes (for institutional and individual investors)
Issued Shares at Period-End36,849,912 shares
Treasury Shares at Period-End1,084,049 shares
| Item | Details |
|---|---|
| Fiscal Period Classification | Interim period (second quarter) |
| Accounting standards | Japanese GAAP |
| Consolidated / non-consolidated | Consolidated |
| Period Covered | 1 April 2026 to 30 September 2026 |
| Net Sales | ¥70,471 million (YoY -1.7%) |
| Operating profit | ¥3,723 million (YoY -23.8%) |
| Ordinary income | ¥2,886 million (YoY -34.6%) |
| Profit attributable to owners of the parent | ¥1,868 million (YoY -37.1%) |
| Net income per share | ¥52.17 |
| Equity ratio | End of the current fiscal period 29.5 / End of previous period 30.2 |
| Total assets | ¥203,406 million |
| Net assets | ¥59,972 million |
| Full-year earnings forecast | Net Sales ¥145,000 million (YoY +4.8%) / Operating profit ¥9,100 million (YoY +9.7%) / Ordinary income ¥7,000 million (YoY +0.1%) / Net income ¥4,600 million (YoY -3.3%) |
| Annual Dividend Forecast | ¥32 → ¥32（0.0%） |
| Segment revenue | For-sale housing ¥13,733,029 thousand, Residential Property Distribution ¥20,144,812 thousand, Land utilization ¥17,915,780 thousand, Leasing and Property Management ¥17,933,250 thousand, Construction-Related ¥630,393 thousand |
| Segment profit | For-sale housing ¥104,596 thousand, Residential Property Distribution ¥822,289 thousand, Land utilization ¥1,444,692 thousand, Leasing and Property Management ¥2,234,278 thousand, Construction-Related ¥-1,287 thousand |
| Depreciation and amortization | ¥172,900 thousand |
| Impairment loss | Not applicable (impairment losses on fixed assets by reporting segment) |
| Breakdown of extraordinary income (loss) | Extraordinary income Gain on sale of non-current assets ¥595 thousand / Extraordinary loss Loss on sale of property, plant and equipment ¥884 thousand, Loss on disposal of non-current assets ¥1,348 thousand |
| Disclosure regarding the going concern assumption | No applicable matters |
| 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 Not disclosed / Excluded Not disclosed / Company name Not disclosed / Material changes No |
| Material subsequent events | No applicable matters |
| Availability of Supplementary Financial Results Materials | Yes |
| Availability of Financial Results Briefing | Yes (for institutional and individual investors) |
| Issued Shares at Period-End | 36,849,912 shares |
| Treasury Shares at Period-End | 1,084,049 shares |
| Factors Behind Changes in Business Performance | Revenue and profit declined due in part to the adverse impact of the completion and handover of a large-scale condominium development in the same period of the previous year. Results were also affected by higher costs and personnel expenses, as well as increased financial costs due to rising interest rates. |
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 periodRevision to Earnings ForecastPayout ratioShareholder Return PolicyRegional 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.Revenue and profit declined due in part to the adverse impact of the completion and handover of a large-scale condominium development in the same period of the previous year. Results were also affected by higher costs and personnel expenses, as well as increased financial costs due to rising interest rates.
How to read this page
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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.