Worth reading
44Recurring
Scored from 4 of 6 sectionsDirection
Improvement
Direction inferred from the company’s description.Scale
85.9
% (year-on-year change in operating income)Wording
Avoiding a definitive answer
How definitive the wording is.Results for this period
Third quarter1 June 2025–28 February 2026ConsolidatedJapanese GAAPNet Sales18,804,473thousand yenYear on year +33.5%
Operating profit1,093,217thousand yenYear on year +85.9%
Ordinary income965,212thousand yenYear on year +93.5%
Net income attributable to owners of the parent666,172thousand yenYear on year +93.4%
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.
Financial position at period-end
Total assets31,137,268thousand yen
of which net assets 13,138,421 thousand yenEquity ratio 41.4%vs. prior year-end -1.0pt
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 Solutions Business 15,710,204 thousand yen (YoY +41.4%), Student life solutions business 3,094,269 thousand yen (YoY +3.9%)
Segment profitReal Estate Solutions Business 1,610,076 thousand yen (YoY +35.9%), Student life solutions business 139,910 thousand yen (YoY +229.8%)
Outlook and shareholder returns
Full-year earnings forecast
Net Sales26,400 million yen (YoY +18.6%)
Operating profit2,600 million yen (YoY +3.2%)
Ordinary income2,400 million yen (YoY +0.7%)
Net income1,610 million yen (YoY +0.7%)
Revision to Earnings ForecastNet Sales 26,400 / Operating profit 2,600 / Ordinary income 2,400 / Net income 1,610 → Net Sales 26,400 / Operating profit 2,600 / Ordinary income 2,400 / Net income 1,610（Net Sales No change / Operating profit No change / Ordinary income No change / Net income No change）
Factors Behind Changes in Business Performance
All divisions significantly outperformed the year-earlier quarter. The main factors were strong operating progress and activity brought forward for new tenants, an increase in sales of properties held for sale in the real estate development division, the bringing forward of sales, and differences in property scale.
Disclosure regarding the going concern assumption
No applicable matters.
Material subsequent eventsNo applicable matters.
Impairment lossNo applicable matters.
Breakdown of extraordinary income (loss)Extraordinary income Insurance proceeds received 20,257 thousand yen / Extraordinary loss Disaster Losses 10,600 thousand yen
Depreciation and amortization430,072 thousand yen
| Item | Details |
|---|---|
| Fiscal Period Classification | Third quarter |
| Accounting standards | Japanese GAAP |
| Consolidated / non-consolidated | Consolidated |
| Period Covered | 1 June 2025–28 February 2026 |
| Net Sales | 18,804,473 thousand yen (YoY +33.5%) |
| Operating profit | 1,093,217 thousand yen (YoY +85.9%) |
| Ordinary income | 965,212 thousand yen (YoY +93.5%) |
| Profit attributable to owners of the parent | 666,172 thousand yen (YoY +93.4%) |
| Equity ratio | End of the current fiscal period 41.4 / End of previous period 42.4 |
| Total assets | 31,137,268 thousand yen |
| Net assets | 13,138,421 thousand yen |
| Full-year earnings forecast | Net Sales 26,400 million yen (YoY +18.6%) / Operating profit 2,600 million yen (YoY +3.2%) / Ordinary income 2,400 million yen (YoY +0.7%) / Net income 1,610 million yen (YoY +0.7%) |
| Revision to Earnings Forecast | Net Sales 26,400 / Operating profit 2,600 / Ordinary income 2,400 / Net income 1,610 → Net Sales 26,400 / Operating profit 2,600 / Ordinary income 2,400 / Net income 1,610（Net Sales No change / Operating profit No change / Ordinary income No change / Net income No change） |
| Segment revenue | Real Estate Solutions Business 15,710,204 thousand yen (YoY +41.4%), Student life solutions business 3,094,269 thousand yen (YoY +3.9%) |
| Segment profit | Real Estate Solutions Business 1,610,076 thousand yen (YoY +35.9%), Student life solutions business 139,910 thousand yen (YoY +229.8%) |
| Depreciation and amortization | 430,072 thousand yen |
| Impairment loss | No applicable matters. |
| Breakdown of extraordinary income (loss) | Extraordinary income Insurance proceeds received 20,257 thousand yen / Extraordinary loss Disaster Losses 10,600 thousand yen |
| Disclosure regarding the going concern assumption | No applicable matters. |
| Material subsequent events | No applicable matters. |
| Factors Behind Changes in Business Performance | All divisions significantly outperformed the year-earlier quarter. The main factors were strong operating progress and activity brought forward for new tenants, an increase in sales of properties held for sale in the real estate development division, the bringing forward of sales, and differences in property scale. |
Items this document does not state (17)
Net income per shareOperating MarginCash flows from operating activitiesCash flows from investing activitiesCash flows from financing activitiesCash and cash equivalents at end of periodAnnual Dividend ForecastPayout ratioShareholder Return PolicyRegional salesOrders received and order backlogChange in accounting policyChanges in the scope of consolidationAvailability of Supplementary Financial Results MaterialsAvailability of Financial Results BriefingIssued Shares at Period-EndTreasury Shares at Period-End
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.All divisions significantly outperformed the year-earlier period. In the real estate management division, strong operating progress and the contribution of activity brought forward from new tenants scheduled to move in during March contributed to the result. In the real estate development division, the number of sales of properties held for sale increased from 1 in the year-earlier period to 2, while differences in property scale also contributed.
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.