Worth reading
56In focus
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
14.5
% (year-on-year decline in revenue)Wording
Conditional
How definitive the wording is.Results for this period
Interim period (second quarter)1 April 2026 to 30 September 2026ConsolidatedJapanese GAAPNet Sales30,752¥ millionsYear on year -14.5%Progress 34.9%
Operating profit2,402¥ millionsYear on year -22.0%Progress 40.0%
Ordinary income2,023¥ millionsYear on year -28.1%Progress 40.5%
Net income attributable to owners of the parent1,323¥ millionsYear on year -36.0%Progress 37.8%
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¥28.33
Financial position at period-end
Total assets152,456¥ millions
of which net assets 72,295 ¥ millionsEquity ratio 46.7%vs. prior year-end -2.0pt
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 revenueReal Estate Business ¥9,410,770 thousands (YoY +1.8%), Construction Business ¥16,384,517 thousands (YoY -19.4%), Real Estate Management Business ¥4,946,759 thousands (YoY -22.7%), Other ¥10,567 thousands (YoY +2.6%)
Segment profitReal Estate Business ¥567,014 thousands (YoY -6.1%), Construction Business ¥1,628,381 thousands (YoY -14.0%), Real Estate Management Business ¥582,469 thousands (YoY -25.7%), Other ¥3,980 thousands (YoY -41.8%)
Outlook and shareholder returns
Full-year earnings forecast
Net Sales¥88,000 millions (YoY +0.2%)
Operating profit¥6,000 millions (YoY -10.2%)
Ordinary income¥5,000 millions (YoY -16.7%)
Net income¥3,500 millions (YoY -16.6%)
Annual Dividend Forecast¥35 → ¥37（+5.7%）
Factors Behind Changes in Business Performance
In the construction business, revenue from ancillary businesses declined following the previous year's increase, while in the real estate management business, revenue declined following the previous year's temporary increase. In the real estate business, increased sales of entire buildings offset the decline in sales of newly built condominium units, but segment profit declined as the proportion of entire-building sales, which have low profit margins, increased.
Disclosure regarding the going concern assumption
Not applicable
Change in accounting policy
基準改正に伴う変更 Noneそれ以外の変更 None見積りの変更 None修正再表示 None
Changes in the scope of consolidationNew Number of companies 0 / Company name Not disclosed / Excluded Number of companies 0 / Company name Not disclosed
Material subsequent eventsNone
Impairment lossNo impairment loss during the current interim period
Breakdown of extraordinary income (loss)Extraordinary income Gain on sale of non-current assets ¥3,415 thousands / Extraordinary loss Not applicable
Orders received and order backlogConstruction Business Orders received ¥21,839,797 thousands / Order backlog ¥51,473,846 thousands / Condominium Development Contract awards ¥11,093,956 thousands / Contract Balances ¥17,901,680 thousands / Real Estate Securitization Business Contract Balances ¥8,200,300 thousands
Availability of Supplementary Financial Results MaterialsYes
Availability of Financial Results BriefingWhether applicable Yes / Subject person Not disclosed / Details A video webcast is planned.
Issued Shares at Period-End46,951,260
Treasury Shares at Period-End246,641
| 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 | ¥30,752 millions (YoY -14.5%) |
| Operating profit | ¥2,402 millions (YoY -22.0%) |
| Ordinary income | ¥2,023 millions (YoY -28.1%) |
| Profit attributable to owners of the parent | ¥1,323 millions (YoY -36.0%) |
| Net income per share | ¥28.33 |
| Equity ratio | End of the current fiscal period 46.7 / End of previous period 48.7 |
| Total assets | ¥152,456 millions |
| Net assets | ¥72,295 millions |
| Full-year earnings forecast | Net Sales ¥88,000 millions (YoY +0.2%) / Operating profit ¥6,000 millions (YoY -10.2%) / Ordinary income ¥5,000 millions (YoY -16.7%) / Net income ¥3,500 millions (YoY -16.6%) |
| Annual Dividend Forecast | ¥35 → ¥37（+5.7%） |
| Segment revenue | Real Estate Business ¥9,410,770 thousands (YoY +1.8%), Construction Business ¥16,384,517 thousands (YoY -19.4%), Real Estate Management Business ¥4,946,759 thousands (YoY -22.7%), Other ¥10,567 thousands (YoY +2.6%) |
| Segment profit | Real Estate Business ¥567,014 thousands (YoY -6.1%), Construction Business ¥1,628,381 thousands (YoY -14.0%), Real Estate Management Business ¥582,469 thousands (YoY -25.7%), Other ¥3,980 thousands (YoY -41.8%) |
| Orders received and order backlog | Construction Business Orders received ¥21,839,797 thousands / Order backlog ¥51,473,846 thousands / Condominium Development Contract awards ¥11,093,956 thousands / Contract Balances ¥17,901,680 thousands / Real Estate Securitization Business Contract Balances ¥8,200,300 thousands |
| Impairment loss | No impairment loss during the current interim period |
| Breakdown of extraordinary income (loss) | Extraordinary income Gain on sale of non-current assets ¥3,415 thousands / Extraordinary loss Not applicable |
| Disclosure regarding the going concern assumption | Not applicable |
| Change in accounting policy | Changes due to revisions to standards None / Other changes None / Change in accounting estimate None / Restatement None |
| Changes in the scope of consolidation | New Number of companies 0 / Company name Not disclosed / Excluded Number of companies 0 / Company name Not disclosed |
| Material subsequent events | None |
| Availability of Supplementary Financial Results Materials | Yes |
| Availability of Financial Results Briefing | Whether applicable Yes / Subject person Not disclosed / Details A video webcast is planned. |
| Issued Shares at Period-End | 46,951,260 |
| Treasury Shares at Period-End | 246,641 |
| Factors Behind Changes in Business Performance | In the construction business, revenue from ancillary businesses declined following the previous year's increase, while in the real estate management business, revenue declined following the previous year's temporary increase. In the real estate business, increased sales of entire buildings offset the decline in sales of newly built condominium units, but segment profit declined as the proportion of entire-building sales, which have low profit margins, increased. |
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 salesDepreciation and amortization
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.In the construction business, revenue from ancillary businesses declined following the previous year's increase, while in the real estate management business, revenue declined following the previous year's temporary increase. In the real estate business, increased sales of entire buildings offset the decline in sales of newly built condominium units, but the proportion of entire-building sales, which have relatively low profit margins, increased.
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.
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