Worth reading
56In 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
695
Millions of yen (year-on-year increase in operating profit)Wording
Conditional
How definitive the wording is.Contents of this document
Presentation materials for financial resultsFiscal year ending August 202613 items taken from the company’s own explanation
Financial Results Figures (The key points of this material are explained below)
Net Sales¥67,888 million-2.0%
Operating profit¥2,008 million+52.9%
Ordinary income¥1,715 million+49.7%
Net income¥1,423 million+122.6%
Selling, general and administrative expenses¥7,907 million
Gross Profit Margin14.6%, 0.? percentage points year on year (gross profit of ¥9,115 million, or 13.2%, to ¥9,916 million, or 14.6%)
Operating profit margin3.0%, up 1.1 percentage points year on year (from 1.9% to 3.0%)
Full-year earnings forecast
Net Sales
¥75,000 million
Operating profit
¥2,300 million
Ordinary income
¥1,800 million
Net income
¥1,050 million
What the company explained in this material
Self-assessment against the planThe company's self-assessment against its own plan.
The subdivision business exceeded its profit plan, while the real estate distribution business fell significantly short of plan. Company-wide revenue was down 5.7% versus plan, while operating profit was up 5.7% versus plan.Breakdown of Factors Affecting the ChangeReasons cited by the Company for the change in the figures.
Gross profit+¥801 million
Selling, General and Administrative Expenses+¥106 million
Personnel Expenses-¥118 million
Advertising expenses−¥2 million
Brokerage commissions+¥108 million
Taxes and dues+¥79 million
Other selling, general and administrative expenses+¥39 million
Assumptions Underlying the Business OutlookThe assumptions used by the company in preparing its forecast.
Ordinary profit is expected to remain sluggish against a backdrop of rising interest rates and other factors. Numerical assumptions were Not disclosed.New initiatives
- Absorption merger of 2 group companies engaged in the detached housing business
- Establishment of new Kyoto and Sendai offices
- Rollout of the inventory management process across the real estate distribution business
- Decision to participate in the second US project
Key KPIsA metric the company considers important as a management benchmark.
- Detached housing orders1,171 EngagementsYear on year against the same period last year+40.0%
- Detached housing handovers1,107 EngagementsYear on year against the same period last year-27.0%
- Detached housing order backlog318 EngagementsYear on year against the same period last year+64.0%
- Condominium units ordered43 unitsYear on year against the same period last year-7.0%
- Number of condominium units handed over49 unitsYear on year against the same period last year+6.0%
- Real estate distribution orders73 EngagementsYear on year against the same period last year-37.0%
- Real estate distribution handovers70 EngagementsYear on year against the same period last year-41.0%
Unit price and quantity metricsThese figures show sales broken down by price and volume.
AVANTIA standalone average selling price
¥41,321 thousand
Year-on-year change3,722
Average land price
¥23,533 thousand
Year-on-year change3,729
Average building price
¥17,787 thousand
Year-on-year change-7
Segment results
Condominium Development
Net Sales48,973
Revenue unit¥ million
Year-on-Year Change in Revenue (%)2.3
Operating profit1,161
Operating profit unit¥ million
Year-on-year operating profit growthThe previous year was a loss of ¥11 million
Real estate distribution
Net Sales9,947
Revenue unit¥ million
Year-on-Year Change in Revenue (%)-20.7
Operating profit112
Operating profit unit¥ million
Operating profit year-on-year_pct-85.4
Contracting
Net Sales6,632
Revenue unit¥ million
Year-on-Year Change in Revenue (%)-6.3
Operating profit168
Operating profit unit¥ million
Operating profit year-on-year_pct-25.7
Other
Net Sales2,333
Revenue unit¥ million
Year-on-Year Change in Revenue (%)31.7
Operating profit476
Operating profit unit¥ million
Operating profit year-on-year_pct25.3
Medium-term management plan targets
Fiscal year ending August 2028
Net Sales¥85,000 million
Ordinary income¥3,200 million
Ordinary profit unit¥ million
Net income¥2,000 million
Net income unit¥ million
ROE6.6%
VISION2030
Net Sales¥100,000 million
Ordinary income¥6,000 million
Ordinary profit unit¥ million
Financial targets
ROE
Actual results for the fiscal year ended August 20265.0%
FY2028 target6.6%
Equity ratio40.1% at the end of the fiscal year ending August 2026, up 0.7 percentage points from the end of the previous fiscal year
Orders received and order backlog
Contract Operations
Orders received¥6,809 million
Order backlog¥4,048 million
Number of stores and locations
The Kyoto office was established in July 2026 and the Sendai office in September 2026. The number of stores and total locations at period-end, as well as the number of openings and closures during the period, was Not disclosed.Annual Dividend
Fiscal year ending August 2026
Annual¥38 per share
Interim¥19 per share
End of period¥19 per share
Fiscal year ending August 2027
Annual¥38 per share
Interim¥19 per share
End of period¥19 per share
Payout ratio
Fiscal year ending August 202638.7%
Fiscal year ending August 202752.4%
| Item | Details |
|---|---|
| Document type | Presentation materials for financial results |
| Fiscal Period Covered | Fiscal year ending August 2026 |
| Net Sales | ¥67,888 million (YoY -2.0%) |
| Operating profit | ¥2,008 million (YoY +52.9%) |
| Ordinary income | ¥1,715 million (YoY +49.7%) |
| Net income | ¥1,423 million (YoY +122.6%) |
| Gross Profit Margin | 14.6%, 0.? percentage points year on year (gross profit of ¥9,115 million, or 13.2%, to ¥9,916 million, or 14.6%) |
| Operating profit margin | 3.0%, up 1.1 percentage points year on year (from 1.9% to 3.0%) |
| Selling, general and administrative expenses | ¥7,907 million |
| Full-year earnings forecast | Net Sales ¥75,000 million / Operating profit ¥2,300 million / Ordinary income ¥1,800 million / Net income ¥1,050 million |
| Self-assessment against the plan | The subdivision business exceeded its profit plan, while the real estate distribution business fell significantly short of plan. Company-wide revenue was down 5.7% versus plan, while operating profit was up 5.7% versus plan. |
| Segment results | Condominium Development Net Sales 48,973 / Revenue unit ¥ million / Year-on-Year Change in Revenue (%) 2.3 / Operating profit 1,161 / Operating profit unit ¥ million / Year-on-year operating profit growth The previous year was a loss of ¥11 million / Real estate distribution Net Sales 9,947 / Revenue unit ¥ million / Year-on-Year Change in Revenue (%) -20.7 / Operating profit 112 / Operating profit unit ¥ million / Operating profit year-on-year_pct -85.4 / Contracting Net Sales 6,632 / Revenue unit ¥ million / Year-on-Year Change in Revenue (%) -6.3 / Operating profit 168 / Operating profit unit ¥ million / Operating profit year-on-year_pct -25.7 / Other Net Sales 2,333 / Revenue unit ¥ million / Year-on-Year Change in Revenue (%) 31.7 / Operating profit 476 / Operating profit unit ¥ million / Operating profit year-on-year_pct 25.3 |
| Breakdown of Factors Affecting the Change | Gross profit +¥801 million / Selling, General and Administrative Expenses +¥106 million / Personnel Expenses -¥118 million / Advertising expenses −¥2 million / Brokerage commissions +¥108 million / Taxes and dues +¥79 million / Other selling, general and administrative expenses +¥39 million |
| Key KPIs | Indicator name Detached housing orders / Value 1,171 Engagements / Year on year against the same period last year 40 Engagements, Indicator name Detached housing handovers / Value 1,107 Engagements / Year on year against the same period last year -27 Engagements, Indicator name Detached housing order backlog / Value 318 Engagements / Year on year against the same period last year 64 Engagements, Indicator name Condominium units ordered / Value 43 units / Year on year against the same period last year -7 units, Indicator name Number of condominium units handed over / Value 49 units / Year on year against the same period last year 6 units, Indicator name Real estate distribution orders / Value 73 Engagements / Year on year against the same period last year -37 Engagements, Indicator name Real estate distribution handovers / Value 70 Engagements / Year on year against the same period last year -41 Engagements |
| Unit price and quantity metrics | AVANTIA standalone average selling price ¥41,321 thousand / Average land price ¥23,533 thousand / Average building price ¥17,787 thousand |
| Number of stores and locations | The Kyoto office was established in July 2026 and the Sendai office in September 2026. The number of stores and total locations at period-end, as well as the number of openings and closures during the period, was Not disclosed. |
| Assumptions Underlying the Business Outlook | Ordinary profit is expected to remain sluggish against a backdrop of rising interest rates and other factors. Numerical assumptions were Not disclosed. |
| Medium-term management plan targets | Fiscal year ending August 2028 Net Sales ¥85,000 million / Ordinary income ¥3,200 million / Ordinary profit unit ¥ million / Net income ¥2,000 million / Net income unit ¥ million / ROE 6.6% / VISION2030 Net Sales ¥100,000 million / Ordinary income ¥6,000 million / Ordinary profit unit ¥ million |
| Financial targets | ROE Actual results for the fiscal year ended August 2026 5.0% / FY2028 target 6.6% / Equity ratio 40.1% at the end of the fiscal year ending August 2026, up 0.7 percentage points from the end of the previous fiscal year |
| Annual Dividend | Fiscal year ending August 2026 Annual ¥38 per share / Interim ¥19 per share / End of period ¥19 per share / Fiscal year ending August 2027 Annual ¥38 per share / Interim ¥19 per share / End of period ¥19 per share |
| Payout ratio | Fiscal year ending August 2026 38.7% / Fiscal year ending August 2027 52.4% |
| Orders received and order backlog | Contract Operations Orders received ¥6,809 million / Order backlog ¥4,048 million |
| New initiatives | Absorption merger of 2 group companies engaged in the detached housing business, Establishment of new Kyoto and Sendai offices, Rollout of the inventory management process across the real estate distribution business, Decision to participate in the second US project |
Items this document does not state (8)
Results for the three months of the current quarterProgress against full-year forecastNumber of employeesRisk 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.Profitability in the subdivision business improved through the establishment of management processes to maintain inventory at appropriate quantitative and qualitative levels, progress in residential land sales, and the reflection of appropriate profit margins in selling prices. In the real estate distribution business, delays in property supply caused by intensifying competition in the Greater Tokyo area, fiercer competition for property acquisitions, the reversal of the previous year's sale of high-priced, high-margin properties, and the timing shift of business-use real estate properties reduced revenue and profit. The contracting business reported lower revenue and profit due to the impact of business restructuring following the transfer of 株式会社巨勢工務店.
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.
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Corrections happenIf the company reissues this disclosure, the page is rebuilt from the corrected version and the revision number moves up.