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Revision of earnings forecasts8929Aoyama Zaisan Networks Company,LimitedReal estate

Notice Regarding Revisions to the Earnings Forecast

The full-year consolidated net sales forecast for the fiscal year ending December 2026 has been reduced from ¥39,000 million to ¥28,720 million, a reduction of ¥10,280 million (26.4%). The forecasts for operating income, ordinary income and net income attributable to owners of the parent remain unchanged from the previous forecasts.

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¥ million (revenue)
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Revised forecast

Fiscal year ending December 2026 · Full yearPrevious forecast published 6 February 2026
Net Sales39,000→28,720million yen
-26.4%
Operating profit4,000→4,000million yen
0.0%
Ordinary income3,850→3,850million yen
0.0%
Profit attributable to owners of the parent2,650→2,650million yen
0.0%
Net income per share110.52→110.12yen and sen
-0.4%

The bar length represents the relative magnitude of change, based on the item that changed the most in this document. The percentage change shown by the dotted line is calculated from the two reported figures because the company did not provide the rate.

Reason for the revision

As the details of the tax law amendments are not expected to become clear until autumn or later, sales of ADVANTAGE CLUB are expected to decline. Meanwhile, various asset consulting needs are increasing, the performance of ㈱チェスター remains solid, and a consulting engagement for the purchase of a large whole-building income-producing property is expected to be concluded in the third quarter. Accordingly, profit at each stage remains unchanged.

Previous-period resultsNet sales ¥41,785 million, operating income ¥3,858 million, ordinary income ¥3,756 million, net income attributable to owners of the parent ¥2,750 million, and earnings per share of ¥114.78 (fiscal year ended December 2025)
Consolidated / non-consolidatedConsolidated
Revised forecast
ItemDetails
Net Sales39,000 million yen → 28,720 million yen(-26.4%)
Operating profit4,000 million yen → 4,000 million yen(0.0%)
Ordinary income3,850 million yen → 3,850 million yen(0.0%)
Profit attributable to owners of the parent2,650 million yen → 2,650 million yen(0.0%)
Net income per share110.52 yen and sen → 110.12 yen and sen
Fiscal Period CoveredFiscal year ending December 2026
Period CoveredFull year
Publication date of previous forecast6 February 2026
Previous-period resultsNet sales ¥41,785 million, operating income ¥3,858 million, ordinary income ¥3,756 million, net income attributable to owners of the parent ¥2,750 million, and earnings per share of ¥114.78 (fiscal year ended December 2025)
Reason for the revisionAs the details of the tax law amendments are not expected to become clear until autumn or later, sales of ADVANTAGE CLUB are expected to decline. Meanwhile, various asset consulting needs are increasing, the performance of ㈱チェスター remains solid, and a consulting engagement for the purchase of a large whole-building income-producing property is expected to be concluded in the third quarter. Accordingly, profit at each stage remains unchanged.
Consolidated / non-consolidatedConsolidated
Items this document does not state (2)
Details and amount of extraordinary lossDividend forecast revision

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.

Because the details of the tax law amendments are not expected to become clear until autumn or later, sales of the core real estate fractional-ownership product “ADVANTAGE CLUB” are expected to decline. Meanwhile, demand is increasing in asset consulting for the purchase of whole-building income-producing real estate, effective land utilization and real estate sales associated with corporate financial improvement, while the performance of ㈱チェスター, which has been incorporated into the consolidated group, remains solid. In addition, a consulting engagement for the purchase of a large whole-building income-producing property is expected to be concluded in the third quarter, so profit at each stage remains unchanged.

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Notice Regarding Revisions to the Earnings Forecast | Aoyama Zaisan Networks Company,Limited (8929) timely disclosure | Komori