Worth reading
60In focus
0–100. This measures how worthwhile something is to read, not how good or bad the company is.Direction
Mixed performance
Direction inferred from the company’s description.Scale
11.3
% (year-on-year change in net sales)Wording
Conditional
How definitive the wording is.Results for this period
First quarter1 November 2025 to 31 January 2026ConsolidatedJapanese GAAPNet Sales6,743¥ millionYear on year +11.3%Progress 14.6%
Operating profit344¥ millionProgress 7.6%
Ordinary income46¥ millionProgress 1.1%
Net income attributable to owners of the parent-775¥ million
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-¥6.25
Financial position at period-end
Total assets44,721¥ million
of which net assets 1,154 ¥ millionEquity ratio 1.9%vs. prior year-end -0.6pt
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 ¥59 million (YoY +70.6%), Investment Business ¥0 million, Real Estate Credit Business ¥0 million, Crowdfunding Business ¥6,683 million (YoY +11.0%)
Segment profitReal Estate Business ¥12 million, Investment Business ¥-1 million, Real Estate Credit Business △0, Crowdfunding Business ¥516 million
Outlook and shareholder returns
Full-year earnings forecast
Net Sales¥46,336 million (YoY +34.0%)
Operating profit¥4,529 million
Ordinary income¥4,201 million
Net income¥-382 million
Revision to Earnings ForecastNot disclosed → Net Sales 46,336 (YoY +34.0%) / Operating profit 4,529 / Ordinary income 4,201 / Net income -382
Annual Dividend Forecast¥0 → ¥0
Factors Behind Changes in Business Performance
不動産事業及びクラウドファンディング事業の拡充、損益の改善、コーポレートガバナンスの強化。都心部を中心とした投資需要、小口投資家・個人投資家の投資意欲、クラウドファンディングプラットフォームへの関心が堅調だった。
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 Number of companies 0 / Company name Not disclosed / Excluded Number of companies 0 / Company name Not disclosed
Material subsequent events連結子会社ヤマワケエステート株式会社が2026年2月20日付で大阪府から、不動産特定共同事業に係る業務の一部を2026年2月24日から60日間停止する行政処分及び分別管理・内部管理体制整備等の指示を受けた。
Impairment lossNo applicable matters.
Breakdown of extraordinary income (loss)Extraordinary income No applicable matters. / Extraordinary loss Provision for contract loss ¥200 million
Depreciation and amortization¥24 million
Availability of Supplementary Financial Results MaterialsNo
Availability of Financial Results BriefingWhether applicable No / Subject person Not disclosed
Issued Shares at Period-End146,678,357
Treasury Shares at Period-End30,844
| Item | Details |
|---|---|
| Fiscal Period Classification | First quarter |
| Accounting standards | Japanese GAAP |
| Consolidated / non-consolidated | Consolidated |
| Period Covered | 1 November 2025 to 31 January 2026 |
| Net Sales | ¥6,743 million (YoY +11.3%) |
| Operating profit | ¥344 million |
| Ordinary income | ¥46 million |
| Profit attributable to owners of the parent | ¥-775 million |
| Net income per share | -¥6.25 |
| Equity ratio | End of the current fiscal period 1.9 / End of previous period 2.5 |
| Total assets | ¥44,721 million |
| Net assets | ¥1,154 million |
| Full-year earnings forecast | Net Sales ¥46,336 million (YoY +34.0%) / Operating profit ¥4,529 million / Ordinary income ¥4,201 million / Net income ¥-382 million |
| Revision to Earnings Forecast | Not disclosed → Net Sales 46,336 (YoY +34.0%) / Operating profit 4,529 / Ordinary income 4,201 / Net income -382 |
| Annual Dividend Forecast | ¥0 → ¥0 |
| Segment revenue | Real Estate Business ¥59 million (YoY +70.6%), Investment Business ¥0 million, Real Estate Credit Business ¥0 million, Crowdfunding Business ¥6,683 million (YoY +11.0%) |
| Segment profit | Real Estate Business ¥12 million, Investment Business ¥-1 million, Real Estate Credit Business △0, Crowdfunding Business ¥516 million |
| Depreciation and amortization | ¥24 million |
| Impairment loss | No applicable matters. |
| Breakdown of extraordinary income (loss) | Extraordinary income No applicable matters. / Extraordinary loss Provision for contract loss ¥200 million |
| 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 Number of companies 0 / Company name Not disclosed / Excluded Number of companies 0 / Company name Not disclosed |
| Material subsequent events | 連結子会社ヤマワケエステート株式会社が2026年2月20日付で大阪府から、不動産特定共同事業に係る業務の一部を2026年2月24日から60日間停止する行政処分及び分別管理・内部管理体制整備等の指示を受けた。 |
| Availability of Supplementary Financial Results Materials | No |
| Availability of Financial Results Briefing | Whether applicable No / Subject person Not disclosed |
| Issued Shares at Period-End | 146,678,357 |
| Treasury Shares at Period-End | 30,844 |
| Factors Behind Changes in Business Performance | 不動産事業及びクラウドファンディング事業の拡充、損益の改善、コーポレートガバナンスの強化。都心部を中心とした投資需要、小口投資家・個人投資家の投資意欲、クラウドファンディングプラットフォームへの関心が堅調だった。 |
Items this document does not state (9)
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 backlog
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.不動産事業及びクラウドファンディング事業の拡充、損益の改善、コーポレートガバナンスの強化に取り組んだ。通期予想の修正理由として、子会社に対する行政処分及び最近の業績の動向等を挙げている。
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.