Worth reading
55In 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
761.8
%Wording
Conditional
How definitive the wording is.Results for this period
Third quarter1 September 2025 to 31 May 2026ConsolidatedJapanese GAAPNet Sales41,033¥ millionYear on year -5.7%Progress 57.0%
Operating profit408¥ millionYear on year +761.8%Progress 21.5%
Ordinary income153¥ millionProgress 9.6%
Net income attributable to owners of the parent350¥ millionProgress 29.2%
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¥24.24
Financial position at period-end
Total assets70,802¥ million
of which net assets 27,825 ¥ millionEquity ratio 39.3%vs. prior year-end -0.1pt
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.
Segment revenueCondominium and Detached-House Development ¥29,177,600 thousand (YoY -3.8%), Contract Operations ¥4,846,525 thousand (YoY -7.4%), Real Estate Distribution Business ¥5,856,734 thousand (YoY -12.5%), Other Businesses ¥1,152,541 thousand (YoY -10.1%)
Segment profitCondominium and Detached-House Development ¥9,086 thousand, Contract Operations ¥59,130 thousand (YoY -72.2%), Real Estate Distribution Business ¥-45,736 thousand, Other Businesses ¥224,572 thousand (YoY -19.1%)
Outlook and shareholder returns
Full-year earnings forecast
Net Sales¥72,000 million (YoY +3.9%)
Operating profit¥1,900 million (YoY +44.6%)
Ordinary income¥1,600 million (YoY +39.6%)
Net income¥1,200 million (YoY +87.7%)
Annual Dividend Forecast¥38 → ¥38（0.0%）
Factors Behind Changes in Business Performance
In the property development business, the number of orders received and properties handed over gradually recovered against a backdrop of expectations that mortgage interest rates would rise and resilient underlying demand for future home purchases. In the real estate distribution business, sales of high-value properties, which had been concentrated in the same period of the previous year, decreased. In the contracting business, revenue and operating profit declined, while the other businesses included renovation work and real estate brokerage.
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 1 / Company name 株式会社巨勢工務店
Impairment lossNo applicable matters.
Breakdown of extraordinary income (loss)Extraordinary income Gain on sale of non-current assets ¥1,427 thousand, Gain on sale of shares in a subsidiary ¥370,798 thousand / Extraordinary loss Loss on Disposal of Fixed Assets ¥3,080 thousand, Other ¥1,409 thousand
Depreciation and amortization¥148,568 thousand
Orders received and order backlogOrders received Total ¥50,823,329 thousand (YoY +107.8%) / Condominium and Detached-House Development ¥37,513,245 thousand (YoY +111.5%) / Contract Operations ¥5,211,543 thousand (YoY +83.0%) / Real Estate Distribution Business ¥6,874,289 thousand (YoY +117.3%) / Other Businesses ¥1,224,250 thousand (YoY +89.2%) / Order backlog Total ¥24,087,613 thousand (YoY +119.3%) / Condominium and Detached-House Development ¥18,212,804 thousand (YoY +131.7%) / Contract Operations ¥4,236,557 thousand (YoY +77.9%) / Real Estate Distribution Business ¥1,327,590 thousand (YoY +208.0%) / Other Businesses ¥310,660 thousand (YoY +110.0%)
Availability of Supplementary Financial Results MaterialsNo
Availability of Financial Results BriefingNo
Issued Shares at Period-End14,884,300
Treasury Shares at Period-End380,856
| Item | Details |
|---|---|
| Fiscal Period Classification | Third quarter |
| Accounting standards | Japanese GAAP |
| Consolidated / non-consolidated | Consolidated |
| Period Covered | 1 September 2025 to 31 May 2026 |
| Net Sales | ¥41,033 million (YoY -5.7%) |
| Operating profit | ¥408 million (YoY +761.8%) |
| Ordinary income | ¥153 million |
| Profit attributable to owners of the parent | ¥350 million |
| Net income per share | ¥24.24 |
| Equity ratio | End of the current fiscal period 39.3 / End of previous period 39.4 |
| Total assets | ¥70,802 million |
| Net assets | ¥27,825 million |
| Full-year earnings forecast | Net Sales ¥72,000 million (YoY +3.9%) / Operating profit ¥1,900 million (YoY +44.6%) / Ordinary income ¥1,600 million (YoY +39.6%) / Net income ¥1,200 million (YoY +87.7%) |
| Annual Dividend Forecast | ¥38 → ¥38（0.0%） |
| Segment revenue | Condominium and Detached-House Development ¥29,177,600 thousand (YoY -3.8%), Contract Operations ¥4,846,525 thousand (YoY -7.4%), Real Estate Distribution Business ¥5,856,734 thousand (YoY -12.5%), Other Businesses ¥1,152,541 thousand (YoY -10.1%) |
| Segment profit | Condominium and Detached-House Development ¥9,086 thousand, Contract Operations ¥59,130 thousand (YoY -72.2%), Real Estate Distribution Business ¥-45,736 thousand, Other Businesses ¥224,572 thousand (YoY -19.1%) |
| Orders received and order backlog | Orders received Total ¥50,823,329 thousand (YoY +107.8%) / Condominium and Detached-House Development ¥37,513,245 thousand (YoY +111.5%) / Contract Operations ¥5,211,543 thousand (YoY +83.0%) / Real Estate Distribution Business ¥6,874,289 thousand (YoY +117.3%) / Other Businesses ¥1,224,250 thousand (YoY +89.2%) / Order backlog Total ¥24,087,613 thousand (YoY +119.3%) / Condominium and Detached-House Development ¥18,212,804 thousand (YoY +131.7%) / Contract Operations ¥4,236,557 thousand (YoY +77.9%) / Real Estate Distribution Business ¥1,327,590 thousand (YoY +208.0%) / Other Businesses ¥310,660 thousand (YoY +110.0%) |
| Depreciation and amortization | ¥148,568 thousand |
| Impairment loss | No applicable matters. |
| Breakdown of extraordinary income (loss) | Extraordinary income Gain on sale of non-current assets ¥1,427 thousand, Gain on sale of shares in a subsidiary ¥370,798 thousand / Extraordinary loss Loss on Disposal of Fixed Assets ¥3,080 thousand, Other ¥1,409 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 Number of companies 0 / Company name Not disclosed / Excluded Number of companies 1 / Company name 株式会社巨勢工務店 |
| Availability of Supplementary Financial Results Materials | No |
| Availability of Financial Results Briefing | No |
| Issued Shares at Period-End | 14,884,300 |
| Treasury Shares at Period-End | 380,856 |
| Factors Behind Changes in Business Performance | In the property development business, the number of orders received and properties handed over gradually recovered against a backdrop of expectations that mortgage interest rates would rise and resilient underlying demand for future home purchases. In the real estate distribution business, sales of high-value properties, which had been concentrated in the same period of the previous year, decreased. In the contracting business, revenue and operating profit declined, while the other businesses included renovation work and real estate brokerage. |
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 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.In the property development business, the number of orders received and properties handed over showed signs of recovery, while in the real estate distribution business, sales of high-value properties, which had been concentrated in the same period of the previous year, decreased. In the contracting business, revenue and operating profit declined, while a gain on the sale of shares in a subsidiary of ¥370.798 million was recognized as extraordinary income in net profit.
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