Worth reading
63In 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
366
Millions of yen (year-on-year increase in operating profit)Wording
Conditional
How definitive the wording is.Contents of this document
Medium-Term Management Plan PresentationFiscal year ended August 202513 items taken from the company’s own explanation
Financial Results Figures (The key points of this material are explained below)
Net Sales¥69,270 million-2.5%
Operating profit¥1,313 million+38.7%
Ordinary income¥1,146 million+24.7%
Net income¥639 million+8.5%
Gross Profit Margin13.2%
Operating profit margin1.9%
Selling, general and administrative expenses¥7,801 million
Results for the three months of the current quarter
Gross Profit Margin13.1%（4Q）
Full-year earnings forecast
Fiscal year ending August 2026
Net Sales
¥72,000 million
Operating profit
¥1,900 million
Ordinary income
¥1,600 million
Net income
¥1,200 million
What the company explained in this material
Self-assessment against the planThe company's self-assessment against its own plan.
定量目標は大きく未達。2025年8月期の修正計画に対しては、売上高・純利益は未達、営業利益・経常利益は上回った。Breakdown of Factors Affecting the ChangeReasons cited by the Company for the change in the figures.
Gross profit
Year on year against the same period last year+695.0%
Versus plan¥-84 million
Selling, General and Administrative Expenses
Year on year against the same period last year+328.0%
Versus plan¥-98 million
Personnel Expenses
Year on year against the same period last year-73.0%
Versus plan¥-51 million
Advertising expenses
Year on year against the same period last year-109.0%
Versus plan¥-29 million
仲介手数料等
Year on year against the same period last year+296.0%
Versus plan¥27 million
Taxes and dues
Year on year against the same period last year+33.0%
Versus plan¥-10 million
Other selling, general and administrative expenses
Year on year against the same period last year+182.0%
Versus plan¥-32 million
Assumptions Underlying the Business OutlookThe assumptions used by the company in preparing its forecast.
実需向け市場は十分な回復とまではいかないものの徐々に底堅さを取り戻す見通し。数値による為替・原材料価格等の前提はNot disclosed。New initiatives
- 規格型注文住宅（Select＆Custom、RAN）の展開
- BizFill Systemによる木造集合住宅等の請負事業
- 静岡支社・福岡支社の設置
- 米国現地法人AVANTIA USA inc.の設立
- 中期経営計画2028に基づく請負型事業比率の段階的引き上げ
Key KPIsA metric the company considers important as a management benchmark.
- Detached housing orders1,131 Engagements-210.0%
- Detached housing handovers1,134 Engagements-260.0%
- Detached housing order backlog245 Engagements-3.0%
- 戸建住宅売上総利益率（4Q）13.1 %
- BizFillパートナーズクラブ100 companies or more
- 木造集合住宅等受注件数8 Engagements
- Instagram followers17,500 people
- 投稿総閲覧数550 万View
Unit price and quantity metricsThese figures show sales broken down by price and volume.
Detached homes
Average selling price
¥3,759 10,000
yoy_change54
Average land price
¥1,980 10,000
yoy_change87
Average building price
¥1,779 10,000
yoy_change-32
Segment results
Detached homes
Net Sales
¥45,564 million-16.3%
Operating profit
¥-153 million
Condominiums
Net Sales
¥2,314 million-22.7%
Operating profit
¥141 million
一般請負工事
Net Sales
¥7,082 million+26.8%
Operating profit
¥226 million+12.0%
Real estate distribution
Net Sales
¥12,537 million+95.9%
Operating profit
¥770 million+101.1%
Other
Net Sales
¥1,771 million+11.3%
Operating profit
¥380 million+115.3%
Medium-term management plan targets
Target fiscal yearFiscal year ending August 2028
Net Sales
¥85,000 million
Ordinary income
¥3,200 million
Net income for the current fiscal year
¥2,000 million
ROE
6.6 %
Financial targets
ROE
Target value6.6 %
Actual value2.3 %
Cost of capital
6.0%前後
Equity ratio
Actual value39.4 %
Orders received and order backlog
一般請負工事
Orders received
¥7,575 million
Order backlog
¥4,891 million
Number of employees
Consolidated575 people
Standalone249 people
Record date31 August 2025
Annual Dividend
Fiscal year ended August 2025
Annual¥38
Breakdown中間19円、期末19円（予想）
Fiscal year ending August 2026
Annual¥38
Breakdown中間19円、期末19円（予想）
Payout ratio
Fiscal year ended August 202585.6 %
Fiscal year ending August 202645.7 %
| Item | Details |
|---|---|
| Document type | Medium-Term Management Plan Presentation |
| Fiscal Period Covered | Fiscal year ended August 2025 |
| Net Sales | ¥69,270 million (YoY -2.5%) |
| Operating profit | ¥1,313 million (YoY +38.7%) |
| Ordinary income | ¥1,146 million (YoY +24.7%) |
| Net income | ¥639 million (YoY +8.5%) |
| Gross Profit Margin | 13.2% |
| Operating profit margin | 1.9% |
| Selling, general and administrative expenses | ¥7,801 million |
| Results for the three months of the current quarter | Gross Profit Margin 13.1%（4Q） |
| Full-year earnings forecast | Subject Fiscal year ending August 2026 / Net Sales ¥72,000 million / Operating profit ¥1,900 million / Ordinary income ¥1,600 million / Net income ¥1,200 million |
| Self-assessment against the plan | 定量目標は大きく未達。2025年8月期の修正計画に対しては、売上高・純利益は未達、営業利益・経常利益は上回った。 |
| Segment results | Detached homes Net Sales ¥45,564 million (YoY -16.3%) / Operating profit ¥-153 million / Condominiums Net Sales ¥2,314 million (YoY -22.7%) / Operating profit ¥141 million / 一般請負工事 Net Sales ¥7,082 million (YoY +26.8%) / Operating profit ¥226 million (YoY +12.0%) / Real estate distribution Net Sales ¥12,537 million (YoY +95.9%) / Operating profit ¥770 million (YoY +101.1%) / Other Net Sales ¥1,771 million (YoY +11.3%) / Operating profit ¥380 million (YoY +115.3%) |
| Breakdown of Factors Affecting the Change | Gross profit Year on year against the same period last year ¥695 million / Versus plan ¥-84 million / Selling, General and Administrative Expenses Year on year against the same period last year ¥328 million / Versus plan ¥-98 million / Personnel Expenses Year on year against the same period last year ¥-73 million / Versus plan ¥-51 million / Advertising expenses Year on year against the same period last year ¥-109 million / Versus plan ¥-29 million / 仲介手数料等 Year on year against the same period last year ¥296 million / Versus plan ¥27 million / Taxes and dues Year on year against the same period last year ¥33 million / Versus plan ¥-10 million / Other selling, general and administrative expenses Year on year against the same period last year ¥182 million / Versus plan ¥-32 million |
| Key KPIs | 1,131 Engagements (YoY -210.0%), 1,134 Engagements (YoY -260.0%), 245 Engagements (YoY -3.0%), 13.1 %, 100 companies or more, 8 Engagements, 17,500 people, 550 万View |
| Unit price and quantity metrics | Detached homes Average selling price ¥3,759 10,000 / Average land price ¥1,980 10,000 / Average building price ¥1,779 10,000 |
| Number of employees | Consolidated 575 people / Standalone 249 people / Record date 31 August 2025 |
| Assumptions Underlying the Business Outlook | 実需向け市場は十分な回復とまではいかないものの徐々に底堅さを取り戻す見通し。数値による為替・原材料価格等の前提はNot disclosed。 |
| Medium-term management plan targets | Target fiscal year Fiscal year ending August 2028 / Net Sales ¥85,000 million / Ordinary income ¥3,200 million / Net income for the current fiscal year ¥2,000 million / ROE 6.6 % |
| Financial targets | ROE Target value 6.6 % / Actual value 2.3 % / Cost of capital 6.0%前後 / Equity ratio Actual value 39.4 % |
| Annual Dividend | Fiscal year ended August 2025 Annual ¥38 / Breakdown 中間19円、期末19円（予想） / Fiscal year ending August 2026 Annual ¥38 / Breakdown 中間19円、期末19円（予想） |
| Payout ratio | Fiscal year ended August 2025 85.6 % / Fiscal year ending August 2026 45.7 % |
| Orders received and order backlog | 一般請負工事 Orders received ¥7,575 million / Order backlog ¥4,891 million |
| New initiatives | 規格型注文住宅（Select＆Custom、RAN）の展開, BizFill Systemによる木造集合住宅等の請負事業, 静岡支社・福岡支社の設置, 米国現地法人AVANTIA USA inc.の設立, 中期経営計画2028に基づく請負型事業比率の段階的引き上げ |
Items this document does not state (7)
Progress against full-year forecastNumber of stores and locationsRisk amount incorporated into the outlookAcquisition 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.戸建住宅事業では、住宅取得マインドの低迷、市中在庫の過剰、引渡件数の減少が業績の主な下押し要因となった。一方、不動産流通事業などで利益を補完し、在庫の量的・質的な適正化によって利益率を改善した。
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.