Worth reading
56In focus
Scored from 5 of 6 sectionsDirection
Mixed performance
Direction inferred from the company’s description.Scale
6000
¥ million (FY2027/3 operating profit plan)Wording
Conditional
How definitive the wording is.Contents of this document
Presentation materials for financial resultsFiscal year ending March 2026, full year10 items taken from the company’s own explanation
Financial Results Figures (The key points of this material are explained below)
Net Sales¥87,815 million+15.2%
Operating profit¥6,678 million+93.7%
Ordinary income¥6,004 million+95.6%
Net income¥4,196 million+103.9%
Operating profit margin7.6 %
Full-year earnings forecast
Fiscal year ending March 2027
Net Sales
¥88,000 million
Operating profit
¥6,000 million
Ordinary income
¥5,000 million
Profit attributable to owners of the parent
¥3,500 million
Earnings per share
¥74.93
Progress against full-year forecast 通期の予想に対して、いまどこまで進んだかの割合です。
Net Sales102.1%
Operating profit121.4%
Ordinary income122.5%
Net income for the current fiscal year127.2%
What the company explained in this material
Self-assessment against the planThe company's self-assessment against its own plan.
Finished above the revised forecast announced in 3QBreakdown of Factors Affecting the ChangeReasons cited by the Company for the change in the figures.
- Recognition in the current fiscal year of projects carried forward from the previous fiscal year
- Improved gross margin in the construction business
- Strong real estate sales
- Increase in the number of properties under management
The company identifies the factors but does not state the amount attributable to each one.
New initiatives
- Increase the proportion of designated projects by strengthening proposal-based sales
- Invest in human capital through stronger recruitment, training, and management
- Acquire real estate management projects outside the Group
- Develop and sell proprietary real estate to build up the rental property management business
Key KPIsA metric the company considers important as a management benchmark.
- Order backlog¥50,857 millionYear on year against the same period last year+12.2%
- Units under management36,470 unitsYear on year against the same period last year+3.5%
- Percentage of properties under management outside the Group33 %
- Number of units sold
- Unsold inventory (business expenditures)¥27,084 million
Segment results
Construction
Net Sales
¥39,382 million+6.9%
Segment profit
¥3,841 million+87.6%
Property Management Business
Net Sales
¥16,998 million+57.1%
Segment profit
¥1,820 million+91.3%
Real Estate Business
Net Sales
¥31,414 million+10.0%
Segment profit
¥1,515 million+76.1%
Medium-term management plan targets
Final yearFiscal year ending March 2027
Net Sales
¥88,000 million
Operating profit
¥5,000 million
Comparison with actual resultsFY2026/3 operating profit was ¥6,678 million, achieving the profit target one year ahead of schedule
Orders received and order backlog
Order backlog
¥50,857 million
Number of employees
The materials state that there are more than 100 sales personnel, but total employees and changes during the period are Not disclosedAnnual Dividend
Fiscal year ending March 2026
¥35 per share
Forecast for the fiscal year ending March 2027
¥37 per share
Payout ratio
Fiscal year ending March 2026
39 %
| Item | Details |
|---|---|
| Document type | Presentation materials for financial results |
| Fiscal Period Covered | Fiscal year ending March 2026, full year |
| Net Sales | ¥87,815 million (YoY +15.2%) |
| Operating profit | ¥6,678 million (YoY +93.7%) |
| Ordinary income | ¥6,004 million (YoY +95.6%) |
| Net income | ¥4,196 million (YoY +103.9%) |
| Operating profit margin | 7.6 % |
| Full-year earnings forecast | Fiscal year ending March 2027 Net Sales ¥88,000 million / Operating profit ¥6,000 million / Ordinary income ¥5,000 million / Profit attributable to owners of the parent ¥3,500 million / Earnings per share ¥74.93 |
| Progress against full-year forecast | Net Sales 102.1% / Operating profit 121.4% / Ordinary income 122.5% / Net income for the current fiscal year 127.2% |
| Self-assessment against the plan | Finished above the revised forecast announced in 3Q |
| Segment results | Construction Net Sales ¥39,382 million (YoY +6.9%) / Segment profit ¥3,841 million (YoY +87.6%) / Property Management Business Net Sales ¥16,998 million (YoY +57.1%) / Segment profit ¥1,820 million (YoY +91.3%) / Real Estate Business Net Sales ¥31,414 million (YoY +10.0%) / Segment profit ¥1,515 million (YoY +76.1%) |
| Breakdown of Factors Affecting the Change | Factors Recognition in the current fiscal year of projects carried forward from the previous fiscal year / Amount Not disclosed, Factors Improved gross margin in the construction business / Amount Not disclosed, Factors Strong real estate sales / Amount Not disclosed, Factors Increase in the number of properties under management / Amount Not disclosed |
| Key KPIs | Indicator name Order backlog / Value ¥50,857 million / Year on year against the same period last year ¥12.2 million, Indicator name Units under management / Value 36,470 units / Year on year against the same period last year 3.5 units, Indicator name Percentage of properties under management outside the Group / Value 33 % / Year on year against the same period last year Not disclosed, Indicator name Number of units sold / Value Not disclosed / Year on year against the same period last year Not disclosed, Indicator name Unsold inventory (business expenditures) / Value ¥27,084 million / Year on year against the same period last year Not disclosed |
| Number of employees | The materials state that there are more than 100 sales personnel, but total employees and changes during the period are Not disclosed |
| Medium-term management plan targets | Final year Fiscal year ending March 2027 / Net Sales ¥88,000 million / Operating profit ¥5,000 million / Comparison with actual results FY2026/3 operating profit was ¥6,678 million, achieving the profit target one year ahead of schedule |
| Annual Dividend | Fiscal year ending March 2026 ¥35 per share / Forecast for the fiscal year ending March 2027 ¥37 per share |
| Payout ratio | Fiscal year ending March 2026 39 % |
| Orders received and order backlog | Order backlog ¥50,857 million |
| New initiatives | Increase the proportion of designated projects by strengthening proposal-based sales, Invest in human capital through stronger recruitment, training, and management, Acquire real estate management projects outside the Group, Develop and sell proprietary real estate to build up the rental property management business |
Items this document does not state (12)
Gross Profit MarginSelling, general and administrative expensesResults for the three months of the current quarterUnit price and quantity metricsNumber of stores and locationsAssumptions Underlying the Business OutlookRisk amount incorporated into the outlookFinancial targetsAcquisition of treasury sharesCapital expendituresMarket Size / ShareKey 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.Performance in FY2026/3 benefited from the recognition in the current fiscal year of projects carried forward from the previous fiscal year, improved gross margins in the construction business, strong real estate sales, and an increase in the number of properties under management. For FY2027/3, the company expects lower profit because the temporary profit boost from recognizing carried-forward projects in FY2026/3 will no longer be present.
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.