Revised forecast
Fiscal year ending May 2026 · Full yearPrevious forecast published 15 October 2025The bar length represents the relative magnitude of change, based on the item that changed the most in this document.
Net sales, operating income and ordinary income are expected to exceed the initial forecasts because sales of newly built condominiums progressed as planned at the beginning of the fiscal year and several unplanned sales were completed. Net income attributable to owners of the parent has been left unchanged because extraordinary losses are expected to be recognized in connection with the liquidation of a consolidated subsidiary and impairment losses on assets held.
Extraordinary losses arising from the liquidation of a consolidated subsidiary and impairment losses on assets held, among other items. Amount: Not disclosed.
| Item | Details |
|---|---|
| Net Sales | ¥34,500 million → ¥39,000 million（+13.0%） |
| Operating profit | ¥2,413 million → ¥3,050 million（+26.4%） |
| Ordinary income | ¥1,350 million → ¥2,000 million（+48.1%） |
| Profit attributable to owners of the parent | ¥6,513 million → ¥6,513 million（0.0%） |
| Net income per share | ¥156.82 → ¥164.71（+5.0%） |
| Fiscal Period Covered | Fiscal year ending May 2026 |
| Period Covered | Full year |
| Publication date of previous forecast | 15 October 2025 |
| Previous-period results | Net sales: ¥5,419 million; operating income: ¥200 million; ordinary income: ¥222 million; net income attributable to owners of the parent: negative ¥657 million; earnings per share: negative ¥56.20 |
| Reason for the revision | Net sales, operating income and ordinary income are expected to exceed the initial forecasts because sales of newly built condominiums progressed as planned at the beginning of the fiscal year and several unplanned sales were completed. Net income attributable to owners of the parent has been left unchanged because extraordinary losses are expected to be recognized in connection with the liquidation of a consolidated subsidiary and impairment losses on assets held. |
| Details and amount of extraordinary loss | Extraordinary losses arising from the liquidation of a consolidated subsidiary and impairment losses on assets held, among other items. Amount: Not disclosed. |
| Dividend forecast revision | The year-end dividend has been increased from ¥6.00 (ordinary dividend: ¥5.00; commemorative dividend: ¥1.00) to ¥7.00 (ordinary dividend: ¥6.00; commemorative dividend: ¥1.00). Total annual dividends have been increased from ¥12.00 to ¥13.00. |
| Consolidated / non-consolidated | Consolidated |
The reasons the company gives
The company's own explanation, not something inferred from the numbers.Sales of newly built condominiums progressed as planned at the beginning of the fiscal year, and several unplanned sales were also completed. As a result, net sales, operating income and ordinary income are expected to exceed the initial forecasts. Meanwhile, net income attributable to owners of the parent has been left unchanged because extraordinary losses are expected to be recognized in connection with the liquidation of a consolidated subsidiary and impairment losses on assets held. Following the upward revision to the full-year earnings forecasts, the year-end dividend has been increased in accordance with the Company's longstanding policy of increasing dividends per share through profit growth.