Worth reading
43Recurring
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
12.2
% (year-on-year change in operating profit)Wording
Conditional
How definitive the wording is.Results for this period
Third quarter1 November 2025–31 July 2026ConsolidatedJapanese GAAPNet Sales28,293¥ millionYear on year -9.4%Progress 65.2%
Operating profit1,971¥ millionYear on year +12.2%Progress 74.4%
Ordinary income1,868¥ millionYear on year +12.2%Progress 74.7%
Net income attributable to owners of the parent1,137¥ millionYear on year +15.3%Progress 75.8%
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¥81.78
Financial position at period-end
Total assets61,711¥ million
of which net assets 42,870 ¥ millionEquity ratio 67.0%vs. prior year-end +1.2pt
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 revenueDetached Housing Business ¥27,644,623 thousand (YoY -6.4%), Condominium business and other businesses ¥642,200 thousand (YoY -61.8%)
Segment profitDetached Housing Business ¥2,479,761 thousand (YoY +12.6%), Condominium business and other businesses ¥194,389 thousand (YoY -50.9%)
Outlook and shareholder returns
Full-year earnings forecast
Net Sales¥43,400 million (YoY +1.2%)
Operating profit¥2,650 million (YoY +6.4%)
Ordinary income¥2,500 million (YoY +6.3%)
Net income¥1,500 million (YoY +4.5%)
Revision to Earnings ForecastNet Sales ¥43,400 million → ¥43,400 million（0.0%） / Operating profit ¥2,650 million → ¥2,650 million（0.0%） / Ordinary income ¥2,500 million → ¥2,500 million（0.0%） / Net income ¥1,500 million → ¥1,500 million（0.0%）
Annual Dividend Forecast¥43 → ¥43（0.0%）
Factors Behind Changes in Business Performance
The number of houses sold declined due to decreases in completed inventory and land purchases for subdivision, while profitability improved as a result of enhancing inventory quality, strengthening the product offering, and rigorously managing costs.
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 consolidation0 additions, 0 exclusions (no company names disclosed)
Breakdown of extraordinary income (loss)Extraordinary income No recognition / Extraordinary loss No recognition
Depreciation and amortization¥297,589 thousand
Availability of Supplementary Financial Results MaterialsNo
Availability of Financial Results BriefingNone (対象者：Not disclosed)
Issued Shares at Period-End16,901,900 shares
Treasury Shares at Period-End2,988,360 shares
| Item | Details |
|---|---|
| Fiscal Period Classification | Third quarter |
| Accounting standards | Japanese GAAP |
| Consolidated / non-consolidated | Consolidated |
| Period Covered | 1 November 2025–31 July 2026 |
| Net Sales | ¥28,293 million (YoY -9.4%) |
| Operating profit | ¥1,971 million (YoY +12.2%) |
| Ordinary income | ¥1,868 million (YoY +12.2%) |
| Profit attributable to owners of the parent | ¥1,137 million (YoY +15.3%) |
| Net income per share | ¥81.78 |
| Equity ratio | End of the current fiscal period 67 / End of previous period 65.8 |
| Total assets | ¥61,711 million |
| Net assets | ¥42,870 million |
| Full-year earnings forecast | Net Sales ¥43,400 million (YoY +1.2%) / Operating profit ¥2,650 million (YoY +6.4%) / Ordinary income ¥2,500 million (YoY +6.3%) / Net income ¥1,500 million (YoY +4.5%) |
| Revision to Earnings Forecast | Net Sales ¥43,400 million → ¥43,400 million（0.0%） / Operating profit ¥2,650 million → ¥2,650 million（0.0%） / Ordinary income ¥2,500 million → ¥2,500 million（0.0%） / Net income ¥1,500 million → ¥1,500 million（0.0%） |
| Annual Dividend Forecast | ¥43 → ¥43（0.0%） |
| Segment revenue | Detached Housing Business ¥27,644,623 thousand (YoY -6.4%), Condominium business and other businesses ¥642,200 thousand (YoY -61.8%) |
| Segment profit | Detached Housing Business ¥2,479,761 thousand (YoY +12.6%), Condominium business and other businesses ¥194,389 thousand (YoY -50.9%) |
| Depreciation and amortization | ¥297,589 thousand |
| Breakdown of extraordinary income (loss) | Extraordinary income No recognition / Extraordinary loss No recognition |
| 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 | 0 additions, 0 exclusions (no company names disclosed) |
| Availability of Supplementary Financial Results Materials | No |
| Availability of Financial Results Briefing | None (対象者：Not disclosed) |
| Issued Shares at Period-End | 16,901,900 shares |
| Treasury Shares at Period-End | 2,988,360 shares |
| Factors Behind Changes in Business Performance | The number of houses sold declined due to decreases in completed inventory and land purchases for subdivision, while profitability improved as a result of enhancing inventory quality, strengthening the product offering, and rigorously managing costs. |
Items this document does not state (11)
Operating MarginCash flows from operating activitiesCash flows from investing activitiesCash flows from financing activitiesCash and cash equivalents at end of periodPayout ratioShareholder Return PolicyRegional salesOrders received and order backlogImpairment lossMaterial 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.The number of houses sold declined because completed inventory at the beginning of the period was lower than in the same period of the previous year and land purchases for subdivision were slightly below the level of the previous year. Meanwhile, the company worked to improve and secure profitability by enhancing the quality of inventory held for sale, strengthening its product offering, rigorously managing costs, and selling high-value-added custom-built houses.
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.