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
-15.3
% (year-on-year change in revenue)Wording
Conditional
How definitive the wording is.Results for this period
Interim period (second quarter)2024年９月１日～2025年２月28日ConsolidatedJapanese GAAPNet Sales26,975¥ millionYear on year -15.3%Progress 37.0%
Operating profit-217¥ million
Ordinary income-247¥ million
Net income attributable to owners of the parent-330¥ 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△23.02円
Financial position at period-end
Total assets69,715¥ million
of which net assets 27,244 ¥ millionEquity ratio 39.1%vs. prior year-end -2.1pt
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.
Cash inflows and outflows
Operating-3,237,476
Investment-2,189,086
Financials+2,215,883
Net change-3,210,679
Stacked from zero: upward is an increase in cash, downward a decrease (in ¥ thousand).The net change represented by the dotted line is the total of three items, calculated from figures provided by the company.
Cash and cash equivalents at end of period¥10,827,376 thousand
Segment revenueDetached Houses Business ¥17,759,311 thousand (YoY -25.0%), Condominium Business ¥135,916 thousand (YoY -87.0%), General Contracting Business ¥3,379,405 thousand (YoY +33.8%), Real Estate Distribution Business ¥4,874,102 thousand (YoY +29.5%), Other Businesses ¥826,883 thousand (YoY -1.2%)
Segment profitDetached Houses Business ¥-875,964 thousand, Condominium Business ¥-143,246 thousand, General Contracting Business ¥100,119 thousand (YoY +28.9%), Real Estate Distribution Business ¥602,529 thousand (YoY +334.4%), Other Businesses ¥124,270 thousand (YoY -51.3%)
Outlook and shareholder returns
Full-year earnings forecast
Net Sales¥73,000 million (YoY +2.8%)
Operating profit¥1,300 million (YoY +37.3%)
Ordinary income¥1,100 million (YoY +19.7%)
Net income¥700 million (YoY +18.8%)
Revision to Earnings ForecastNone (no change from the most recently published earnings forecast)
Annual Dividend Forecast¥38 → ¥38（0.0%）
Factors Behind Changes in Business Performance
実需層の需要が想定以上に弱含み、戸建住宅事業の販売が当初計画を大きく下回った。マンション事業では前期からの繰越し物件が僅少で、竣工・引渡しが下期に集中した。
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 0 companies (no company names provided) / Excluded 0 companies (no company names provided)
Impairment lossNo applicable matters
Breakdown of extraordinary income (loss)Extraordinary income No / Extraordinary loss Loss on Disposal of Fixed Assets ¥24,182 thousand, Other ¥3,352 thousand
Depreciation and amortization¥113,018 thousand
Orders received and order backlogOrders received Total ¥29,202,955 thousand / Order backlog Total ¥18,804,242 thousand
Availability of Supplementary Financial Results MaterialsYes
Availability of Financial Results BriefingAvailable (for institutional investors and analysts)
Issued Shares at Period-End14,884,300
Treasury Shares at Period-End451,856
| Item | Details |
|---|---|
| Fiscal Period Classification | Interim period (second quarter) |
| Accounting standards | Japanese GAAP |
| Consolidated / non-consolidated | Consolidated |
| Period Covered | 2024年９月１日～2025年２月28日 |
| Net Sales | ¥26,975 million (YoY -15.3%) |
| Operating profit | ¥-217 million |
| Ordinary income | ¥-247 million |
| Profit attributable to owners of the parent | ¥-330 million |
| Net income per share | △23.02円 |
| Equity ratio | End of the current fiscal period 39.1 / End of previous period 41.2 |
| Total assets | ¥69,715 million |
| Net assets | ¥27,244 million |
| Cash flows from operating activities | ¥-3,237,476 thousand |
| Cash flows from investing activities | ¥-2,189,086 thousand |
| Cash flows from financing activities | ¥2,215,883 thousand |
| Cash and cash equivalents at end of period | ¥10,827,376 thousand |
| Full-year earnings forecast | Net Sales ¥73,000 million (YoY +2.8%) / Operating profit ¥1,300 million (YoY +37.3%) / Ordinary income ¥1,100 million (YoY +19.7%) / Net income ¥700 million (YoY +18.8%) |
| Revision to Earnings Forecast | None (no change from the most recently published earnings forecast) |
| Annual Dividend Forecast | ¥38 → ¥38（0.0%） |
| Segment revenue | Detached Houses Business ¥17,759,311 thousand (YoY -25.0%), Condominium Business ¥135,916 thousand (YoY -87.0%), General Contracting Business ¥3,379,405 thousand (YoY +33.8%), Real Estate Distribution Business ¥4,874,102 thousand (YoY +29.5%), Other Businesses ¥826,883 thousand (YoY -1.2%) |
| Segment profit | Detached Houses Business ¥-875,964 thousand, Condominium Business ¥-143,246 thousand, General Contracting Business ¥100,119 thousand (YoY +28.9%), Real Estate Distribution Business ¥602,529 thousand (YoY +334.4%), Other Businesses ¥124,270 thousand (YoY -51.3%) |
| Orders received and order backlog | Orders received Total ¥29,202,955 thousand / Order backlog Total ¥18,804,242 thousand |
| Depreciation and amortization | ¥113,018 thousand |
| Impairment loss | No applicable matters |
| Breakdown of extraordinary income (loss) | Extraordinary income No / Extraordinary loss Loss on Disposal of Fixed Assets ¥24,182 thousand, Other ¥3,352 thousand |
| 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 0 companies (no company names provided) / Excluded 0 companies (no company names provided) |
| Availability of Supplementary Financial Results Materials | Yes |
| Availability of Financial Results Briefing | Available (for institutional investors and analysts) |
| Issued Shares at Period-End | 14,884,300 |
| Treasury Shares at Period-End | 451,856 |
| Factors Behind Changes in Business Performance | 実需層の需要が想定以上に弱含み、戸建住宅事業の販売が当初計画を大きく下回った。マンション事業では前期からの繰越し物件が僅少で、竣工・引渡しが下期に集中した。 |
Items this document does not state (5)
Operating MarginPayout ratioShareholder Return PolicyRegional salesMaterial subsequent events
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.実需層の住宅取得需要が想定以上に弱含み、戸建住宅事業の販売が当初計画を大きく下回った。マンション事業では前期からの繰越し物件が少なく、物件の竣工・引渡しが下期に集中した。
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.