Worth reading
66In focus
0–100. This measures how worthwhile something is to read, not how good or bad the company is.Direction
Improvement
Direction inferred from the company’s description.Scale
4704
¥ millions (operating profit)Wording
Definitive
How definitive the wording is.Contents of this document
Financial results presentationFiscal year ending July 202610 items taken from the company’s own explanation
Financial Results Figures (The key points of this material are explained below)
Net Sales¥36,894 million+23.8%
Operating profit¥4,704 million+39.5%
Ordinary income¥3,981 million+48.4%
Net income¥2,745 million+45.0%
Operating profit margin12.8+1.4%
Results for the three months of the current quarterQuarterly standalone trends in revenue and operating profit (4Q of the fiscal year ended July 2026: revenue of ¥14,861 million and operating profit of ¥2,669 million)
Full-year earnings forecast
Net Sales
¥41,100 million
Operating profit
¥5,000 million
Ordinary income
¥4,000 million
Net income
¥2,800 million
Progress against full-year forecast 通期の予想に対して、いまどこまで進んだかの割合です。Revenue, operating profit, ordinary profit and net income attributable to owners of the parent are shown by line item against the initial earnings forecast.
What the company explained in this material
Self-assessment against the planThe company's self-assessment against its own plan.
Although revenue fell slightly short of the initial earnings forecast, operating profit and each profit line below it significantly exceeded the initial earnings forecast, achieving the plan.Breakdown of Factors Affecting the ChangeReasons cited by the Company for the change in the figures.
Increase in revenue7,098
Increase in cost of sales-5,316
Increase in SG&A expenses-450
Increase in non-operating income222
Increase in non-operating expenses-254
Breakdown of the increase in revenue
Real estate development6,208
Construction937
Real Estate Leasing Business43
Brokerage Business-42
Adjustments and other-49
Breakdown of the increase in cost of sales
Real estate development business costs-4,559
Construction business costs-729
Real estate leasing business costs-29
Breakdown of the increase in selling, general and administrative expenses
Personnel Expenses-120
Expenses-330
Breakdown of the increase in non-operating income
Penalty251
Compensation received-37
Breakdown of the increase in non-operating expenses
Interest expenses-123
Fees paid-119
Assumptions Underlying the Business OutlookThe assumptions used by the company in preparing its forecast.
Number of properties sold44 Engagements
New initiatives
- Introduction of smart property management using AI and IT
- Introduction of smart locks (41 as of 14 September)
- Full-scale introduction of a 360-degree VR property viewing service
- Introduction of a specialized guarantor company for foreign nationals
- Recruitment of global talent and strengthening of overseas contact points
- Expansion of the LOS ARCOS brand
Key KPIsA metric the company considers important as a management benchmark.
- Number of newly built rental properties sold for investment39 buildingsYear on year against the same period last year+8 buildings
- Number of overseas sales6 EngagementsYear on year against the same period last year+4 properties
- Units under management6,099 unitsYear on year against the same period last yearIncreased
- Occupancy rate of managed properties97.4%、98.2%
- Number of projects under development52 PJ
- ROE22.2 %Year on year against the same period last yearHigher
Segment results
Real estate development
Net Sales
¥30,583 million+25.5%
Segment profit
¥4,784 million+33.7%
Real Estate Leasing Business
Net Sales
¥1,662 million
Segment profit
¥79 million
Construction
Net Sales
¥4,605 million
Segment profit
¥40 million
Medium-term management plan targets
Net Sales
¥45,000 million
Target fiscal yearFiscal year ending July 2028
Operating profit
¥5,200 million
Target fiscal yearFiscal year ending July 2028
Operating profit 10x
10 times the fiscal year ended July 2020
Target fiscal yearToward the 60th anniversary of the Company’s establishment
Financial targets
ROE
Target value15 %
Actual value22.2 %
CCC
Target value16.3 months
Actual value19.6 months
Number of employees
Number of Employees158 people
Changes and hiring planThe construction business hired 1 overseas employee and made offers to 3 others. The number of global talent across the Company increased from 3 in the previous year to 7.
Annual Dividend
Fiscal year ending July 2026
¥15 per share
BreakdownInterim ¥6.5, year-end ¥8.5
Forecast for the fiscal year ending July 2027
¥17 per share
BreakdownInterim ¥8.5, year-end ¥8.5
| Item | Details |
|---|---|
| Document type | Financial results presentation |
| Fiscal Period Covered | Fiscal year ending July 2026 |
| Net Sales | ¥36,894 million (YoY +23.8%) |
| Operating profit | ¥4,704 million (YoY +39.5%) |
| Ordinary income | ¥3,981 million (YoY +48.4%) |
| Net income | ¥2,745 million (YoY +45.0%) |
| Operating profit margin | 12.8 (YoY +1.4%) |
| Results for the three months of the current quarter | Quarterly standalone trends in revenue and operating profit (4Q of the fiscal year ended July 2026: revenue of ¥14,861 million and operating profit of ¥2,669 million) |
| Full-year earnings forecast | Net Sales ¥41,100 million / Operating profit ¥5,000 million / Ordinary income ¥4,000 million / Net income ¥2,800 million |
| Progress against full-year forecast | Revenue, operating profit, ordinary profit and net income attributable to owners of the parent are shown by line item against the initial earnings forecast. |
| Self-assessment against the plan | Although revenue fell slightly short of the initial earnings forecast, operating profit and each profit line below it significantly exceeded the initial earnings forecast, achieving the plan. |
| Segment results | Real estate development Net Sales ¥30,583 million (YoY +25.5%) / Segment profit ¥4,784 million (YoY +33.7%) / Real Estate Leasing Business Net Sales ¥1,662 million / Segment profit ¥79 million / Construction Net Sales ¥4,605 million / Segment profit ¥40 million |
| Breakdown of Factors Affecting the Change | Increase in revenue 7,098 / Increase in cost of sales -5,316 / Increase in SG&A expenses -450 / Increase in non-operating income 222 / Increase in non-operating expenses -254 / Breakdown of the increase in revenue Real estate development 6,208 / Construction 937 / Real Estate Leasing Business 43 / Brokerage Business -42 / Adjustments and other -49 / Breakdown of the increase in cost of sales Real estate development business costs -4,559 / Construction business costs -729 / Real estate leasing business costs -29 / Breakdown of the increase in selling, general and administrative expenses Personnel Expenses -120 / Expenses -330 / Breakdown of the increase in non-operating income Penalty 251 / Compensation received -37 / Breakdown of the increase in non-operating expenses Interest expenses -123 / Fees paid -119 |
| Key KPIs | Indicator name Number of newly built rental properties sold for investment / Value 39 buildings / Year on year against the same period last year +8 buildings, Indicator name Number of overseas sales / Value 6 Engagements / Year on year against the same period last year +4 properties, Indicator name Units under management / Value 6,099 units / Year on year against the same period last year Increased, Indicator name Occupancy rate of managed properties / Value 97.4%、98.2% / Year on year against the same period last year Not disclosed, Indicator name Number of projects under development / Value 52 PJ / Year on year against the same period last year Not disclosed, Indicator name ROE / Value 22.2 % / Year on year against the same period last year Higher |
| Number of employees | Number of Employees 158 people / Changes and hiring plan The construction business hired 1 overseas employee and made offers to 3 others. The number of global talent across the Company increased from 3 in the previous year to 7. |
| Assumptions Underlying the Business Outlook | Number of properties sold 44 Engagements |
| Medium-term management plan targets | Net Sales ¥45,000 million / Operating profit ¥5,200 million / Operating profit 10x 10 times the fiscal year ended July 2020 |
| Financial targets | ROE Target value 15 % / Actual value 22.2 % / CCC Target value 16.3 months / Actual value 19.6 months |
| Annual Dividend | Fiscal year ending July 2026 ¥15 per share / Forecast for the fiscal year ending July 2027 ¥17 per share |
| New initiatives | Introduction of smart property management using AI and IT, Introduction of smart locks (41 as of 14 September), Full-scale introduction of a 360-degree VR property viewing service, Introduction of a specialized guarantor company for foreign nationals, Recruitment of global talent and strengthening of overseas contact points, Expansion of the LOS ARCOS brand |
Items this document does not state (11)
Gross Profit MarginSelling, general and administrative expensesUnit price and quantity metricsNumber of stores and locationsRisk amount incorporated into the outlookPayout ratioAcquisition of treasury sharesCapital expendituresOrders received and order backlogMarket 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.The number of newly built rental properties sold for investment increased from 31 in the previous fiscal year to 39, while the real estate leasing business benefited from an increase in subleased properties and other factors, and the construction business achieved steady orders received and project completions.
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