Worth reading
41Recurring
0–100. This measures how worthwhile something is to read, not how good or bad the company is.Direction
Improvement
Direction inferred from the company’s description.Scale
18502
¥ million (operating profit for the fiscal year ending March 2026)Wording
Conditional
How definitive the wording is.Contents of this document
Presentation materials for financial resultsFiscal year ending March 202610 items taken from the company’s own explanation
Financial Results Figures (The key points of this material are explained below)
Net Sales¥116,920 million+23.4%
Operating profit¥18,502 million+27.2%
Ordinary income¥16,395 million+19.2%
Net income¥11,171 million+19.7%
Full-year earnings forecast
Net Sales
¥130,000 million
Operating profit
¥20,500 million
Ordinary income
¥17,600 million
Net income for the current fiscal year
¥11,500 million
Earnings per share
¥745.33
Annual dividend per share
¥240
What the company explained in this material
Self-assessment against the planThe company's self-assessment against its own plan.
Achieved the forecastAssumptions Underlying the Business OutlookThe assumptions used by the company in preparing its forecast.
The company is monitoring material prices and supply trends against the backdrop of the situation in the Middle East and other factors. As most properties scheduled for handover in the fiscal year ending March 2027 have already been completed, the impact on the earnings forecast is expected to be limitedNew initiatives
- Opening of the Hokkaido Branch
- Completion of the group's first hospice facility
- Relocation of the head office to Grand Green Osaka around autumn 2026
- Launch of the monthly rental business
- Expansion of the coin-operated parking business
- Launch of grid-scale battery storage projects
- Introduction and demonstration of perovskite solar cells
- Beginning to accept orders for wooden apartment projects
- Entry into the renovation business
- Opening of エスリードホテル難波イースト
- Preparations to enter the real estate securitization business
Key KPIsA metric the company considers important as a management benchmark.
- Condominium units under management545 buildings, 43,017 units
- Rental units under management18,206 units
- Units supplied with electricity13,614 units
- Mega-solar facilities in operation10 units
- Equivalent family-condominium units as a share of electricity supply43 %, equivalent to approximately 5,500 units
Segment results
- Real estate sales businessNet Sales¥86,594 millionSegment profit¥13,284 millionOperating margin15.3%Year on year against the same period last yearSegment profit up 16.0%
- Other BusinessesNet Sales¥30,326 millionSegment profit¥5,936 millionOperating margin19.6%Year on year against the same period last yearSegment profit up 10.8%
Financial targets
Sustained achievement of a PBR above 1.0x. The company currently explains that ROE is expected to remain around 10% and exceed the cost of capitalMarket Size / Share
The initial-month contract rate for condominiums in the Kinki region is around 70%. The average price per unit in the Kinki region was ¥53.28 million, down 0.5%, and the average price per square meter was ¥907,000, up 5.7%. Ranked among the top 10 companies nationwide by condominium supply volume for 10 consecutive yearsNumber of stores and locations
The Hokkaido Branch opened on 1 December 2025. The total number of locations at the fiscal year-end and the number of openings and closures during the fiscal year are Not disclosedNumber of employees
1,329 people including group companies, as of 1 April 2026
Hiring planRecruitment and employee development are progressing smoothly
Annual Dividend
Fiscal year ending March 2026
Annual¥240 per share
Interim¥105 per share
End of period¥135 per share
Forecast for the fiscal year ending March 2027
Annual¥240 per share
Interim¥120 per share
End of period¥120 per share
| Item | Details |
|---|---|
| Document type | Presentation materials for financial results |
| Fiscal Period Covered | Fiscal year ending March 2026 |
| Net Sales | ¥116,920 million (YoY +23.4%) |
| Operating profit | ¥18,502 million (YoY +27.2%) |
| Ordinary income | ¥16,395 million (YoY +19.2%) |
| Net income | ¥11,171 million (YoY +19.7%) |
| Full-year earnings forecast | Net Sales ¥130,000 million / Operating profit ¥20,500 million / Ordinary income ¥17,600 million / Net income for the current fiscal year ¥11,500 million / Earnings per share ¥745.33 / Annual dividend per share ¥240 |
| Self-assessment against the plan | Achieved the forecast |
| Segment results | Segment Real estate sales business / Net Sales ¥86,594 million / Segment profit ¥13,284 million / Operating margin 15.3% / Year on year against the same period last year Segment profit up 16.0%, Segment Other Businesses / Net Sales ¥30,326 million / Segment profit ¥5,936 million / Operating margin 19.6% / Year on year against the same period last year Segment profit up 10.8% |
| Key KPIs | Indicator name Condominium units under management / Value 545 buildings, 43,017 units / Year on year against the same period last year Not disclosed, Indicator name Rental units under management / Value 18,206 units / Year on year against the same period last year Not disclosed, Indicator name Units supplied with electricity / Value 13,614 units / Year on year against the same period last year Not disclosed, Indicator name Mega-solar facilities in operation / Value 10 units / Year on year against the same period last year Not disclosed, Indicator name Equivalent family-condominium units as a share of electricity supply / Value 43 %, equivalent to approximately 5,500 units / Year on year against the same period last year Not disclosed |
| Number of stores and locations | The Hokkaido Branch opened on 1 December 2025. The total number of locations at the fiscal year-end and the number of openings and closures during the fiscal year are Not disclosed |
| Number of employees | 1,329 people (including group companies, as of 1 April 2026) |
| Assumptions Underlying the Business Outlook | The company is monitoring material prices and supply trends against the backdrop of the situation in the Middle East and other factors. As most properties scheduled for handover in the fiscal year ending March 2027 have already been completed, the impact on the earnings forecast is expected to be limited |
| Financial targets | Sustained achievement of a PBR above 1.0x. The company currently explains that ROE is expected to remain around 10% and exceed the cost of capital |
| Annual Dividend | Fiscal year ending March 2026 Annual ¥240 per share / Interim ¥105 per share / End of period ¥135 per share / Forecast for the fiscal year ending March 2027 Annual ¥240 per share / Interim ¥120 per share / End of period ¥120 per share |
| Market Size / Share | The initial-month contract rate for condominiums in the Kinki region is around 70%. The average price per unit in the Kinki region was ¥53.28 million, down 0.5%, and the average price per square meter was ¥907,000, up 5.7%. Ranked among the top 10 companies nationwide by condominium supply volume for 10 consecutive years |
| New initiatives | Opening of the Hokkaido Branch, Completion of the group's first hospice facility, Relocation of the head office to Grand Green Osaka around autumn 2026, Launch of the monthly rental business, Expansion of the coin-operated parking business, Launch of grid-scale battery storage projects, Introduction and demonstration of perovskite solar cells, Beginning to accept orders for wooden apartment projects, Entry into the renovation business, Opening of エスリードホテル難波イースト, Preparations to enter the real estate securitization business |
Items this document does not state (14)
Gross Profit MarginOperating profit marginSelling, general and administrative expensesResults for the three months of the current quarterProgress against full-year forecastBreakdown of Factors Affecting the ChangeUnit price and quantity metricsRisk amount incorporated into the outlookMedium-term management plan targetsPayout ratioAcquisition 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.The company explained that, in addition to strong condominium sales and handovers, growth in related condominium businesses contributed to higher profit. It also stated that profit increased in the real estate sales business due to strong condominium sales and handovers, while profit in Other businesses increased as a result of focused initiatives centered on the businesses of group companies.
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.