Worth reading
49Recurring
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
-29.2
% (year-on-year change in revenue)Wording
Conditional
How definitive the wording is.Results for this period
First quarter1 April 2026 to 30 June 2026ConsolidatedJapanese GAAPNet Sales26,919¥ millionYear on year -29.2%Progress 31.7%
Operating profit3,088¥ millionYear on year -46.8%Progress 44.1%
Ordinary income2,541¥ millionYear on year -51.9%Progress 57.8%
Net income attributable to owners of the parent1,703¥ millionYear on year -53.4%Progress 58.7%
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¥72.66
Financial position at period-end
Total assets149,748¥ million
of which net assets 37,528 ¥ millionEquity ratio 25.1%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 revenueCondominium Development ¥15,147 million (YoY -45.0%), Distribution ¥9,913 million (YoY +13.2%), Management ¥1,661 million (YoY +7.1%), Rentals ¥166 million (YoY +0.8%), Other (outside reportable segments) ¥31 million (YoY -36.1%)
Segment profitCondominium Development ¥2,022 million (YoY -58.9%), Distribution ¥1,094 million (YoY +20.5%), Management ¥92 million (YoY +19.0%), Rentals ¥67 million (YoY +5.5%), Other (outside reportable segments) ¥9 million (YoY -53.9%)
Outlook and shareholder returns
Full-year earnings forecast
Net Sales¥85,000 million (YoY -5.7%)
Operating profit¥7,000 million (YoY -9.7%)
Ordinary income¥4,400 million (YoY -25.3%)
Net income¥2,900 million (YoY -24.2%)
Revision to Earnings ForecastNo
Annual Dividend Forecast¥45 → ¥40（-11.1%）
Factors Behind Changes in Business Performance
The Condominium Sales segment reported lower revenue and profit because the number of newly built condominium units delivered decreased by 194 year on year. Meanwhile, the Brokerage segment completed the delivery of 8 properties through its wealth solutions business, and the Property Management segment recorded higher property management fee income as a result of winning replacement contracts.
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 0 companies / Excluded 0 companies / Company name Not disclosed
Impairment lossNo applicable matters.
Breakdown of extraordinary income (loss)Extraordinary income None (no gain on sale of non-current assets in the current quarter) / Extraordinary loss No applicable matters.
Depreciation and amortization¥66 million
Availability of Supplementary Financial Results MaterialsYes
Availability of Financial Results BriefingWhether applicable No / Subject person Not disclosed
Issued Shares at Period-End23,447,684 shares
Treasury Shares at Period-End0 shares
| Item | Details |
|---|---|
| Fiscal Period Classification | First quarter |
| Accounting standards | Japanese GAAP |
| Consolidated / non-consolidated | Consolidated |
| Period Covered | 1 April 2026 to 30 June 2026 |
| Net Sales | ¥26,919 million (YoY -29.2%) |
| Operating profit | ¥3,088 million (YoY -46.8%) |
| Ordinary income | ¥2,541 million (YoY -51.9%) |
| Profit attributable to owners of the parent | ¥1,703 million (YoY -53.4%) |
| Net income per share | ¥72.66 |
| Equity ratio | End of the current fiscal period 25.1 / End of previous period 24.4 |
| Total assets | ¥149,748 million |
| Net assets | ¥37,528 million |
| Full-year earnings forecast | Net Sales ¥85,000 million (YoY -5.7%) / Operating profit ¥7,000 million (YoY -9.7%) / Ordinary income ¥4,400 million (YoY -25.3%) / Net income ¥2,900 million (YoY -24.2%) |
| Revision to Earnings Forecast | No |
| Annual Dividend Forecast | ¥45 → ¥40（-11.1%） |
| Segment revenue | Condominium Development ¥15,147 million (YoY -45.0%), Distribution ¥9,913 million (YoY +13.2%), Management ¥1,661 million (YoY +7.1%), Rentals ¥166 million (YoY +0.8%), Other (outside reportable segments) ¥31 million (YoY -36.1%) |
| Segment profit | Condominium Development ¥2,022 million (YoY -58.9%), Distribution ¥1,094 million (YoY +20.5%), Management ¥92 million (YoY +19.0%), Rentals ¥67 million (YoY +5.5%), Other (outside reportable segments) ¥9 million (YoY -53.9%) |
| Depreciation and amortization | ¥66 million |
| Impairment loss | No applicable matters. |
| Breakdown of extraordinary income (loss) | Extraordinary income None (no gain on sale of non-current assets in the current quarter) / Extraordinary loss No applicable matters. |
| 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 0 companies / Excluded 0 companies / Company name Not disclosed |
| Availability of Supplementary Financial Results Materials | Yes |
| Availability of Financial Results Briefing | Whether applicable No / Subject person Not disclosed |
| Issued Shares at Period-End | 23,447,684 shares |
| Treasury Shares at Period-End | 0 shares |
| Factors Behind Changes in Business Performance | The Condominium Sales segment reported lower revenue and profit because the number of newly built condominium units delivered decreased by 194 year on year. Meanwhile, the Brokerage segment completed the delivery of 8 properties through its wealth solutions business, and the Property Management segment recorded higher property management fee income as a result of winning replacement contracts. |
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.The Condominium Sales segment reported lower revenue and profit because the number of newly built condominium units delivered decreased by 194 year on year. Meanwhile, the Brokerage segment delivered 8 properties through its wealth solutions business, and the Property Management segment recorded higher property management fee income as a result of winning replacement contracts.
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.