Worth reading
46Recurring
0–100. This measures how worthwhile something is to read, not how good or bad the company is.Direction
Deterioration
Direction inferred from the company’s description.Scale
-51
Year-on-year change in net sales (%)Wording
Avoiding a definitive answer
How definitive the wording is.Results for this period
Third quarter1 January 2026–30 September 2026ConsolidatedJapanese GAAPNet Sales16,713¥ millionYear on year -51.0%Progress 58.2%
Operating profit2,178¥ millionYear on year -39.5%Progress 54.4%
Ordinary income2,120¥ millionYear on year -39.2%Progress 55.1%
Net income attributable to owners of the parent1,419¥ millionYear on year -42.0%Progress 53.5%
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¥59.10
Financial position at period-end
Total assets29,954¥ million
of which net assets 12,264 ¥ millionEquity ratio 40.8%vs. prior year-end -3.6pt
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 revenueAsset Consulting Business ¥16,713 million (YoY -51.0%)
Outlook and shareholder returns
Full-year earnings forecast
Net Sales¥28,720 million (YoY -31.3%)
Operating profit¥4,000 million (YoY +3.7%)
Ordinary income¥3,850 million (YoY +2.5%)
Net income¥2,650 million (YoY -3.6%)
Annual Dividend Forecast53 yen → 58 yen（+9.4%）
Factors Behind Changes in Business Performance
Revenue from real estate transactions declined due to lower sales of ＡＤＶＡＮＴＡＧＥ ＣＬＵＢ and the impact of the tax reform. Closings for multiple large projects are concentrated in the fourth quarter.
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 consolidationNew 0 companies (company name: —) / Excluded 0 companies (company name: —)
Breakdown of extraordinary income (loss)Extraordinary loss Loss on disposal of non-current assets ¥3 million, Loss on sale of non-current assets ¥1 million
Depreciation and amortization¥163 million
Availability of Supplementary Financial Results MaterialsYes
Availability of Financial Results BriefingNo
Issued Shares at Period-End25,132,259 shares
Treasury Shares at Period-End1,067,021 shares
| Item | Details |
|---|---|
| Fiscal Period Classification | Third quarter |
| Accounting standards | Japanese GAAP |
| Consolidated / non-consolidated | Consolidated |
| Period Covered | 1 January 2026–30 September 2026 |
| Net Sales | ¥16,713 million (YoY -51.0%) |
| Operating profit | ¥2,178 million (YoY -39.5%) |
| Ordinary income | ¥2,120 million (YoY -39.2%) |
| Profit attributable to owners of the parent | ¥1,419 million (YoY -42.0%) |
| Net income per share | ¥59.10 |
| Equity ratio | End of the current fiscal period 40.8 / End of previous period 44.4 |
| Total assets | ¥29,954 million |
| Net assets | ¥12,264 million |
| Full-year earnings forecast | Net Sales ¥28,720 million (YoY -31.3%) / Operating profit ¥4,000 million (YoY +3.7%) / Ordinary income ¥3,850 million (YoY +2.5%) / Net income ¥2,650 million (YoY -3.6%) |
| Annual Dividend Forecast | 53 yen → 58 yen（+9.4%） |
| Segment revenue | Asset Consulting Business ¥16,713 million (YoY -51.0%) |
| Depreciation and amortization | ¥163 million |
| Breakdown of extraordinary income (loss) | Extraordinary loss Loss on disposal of non-current assets ¥3 million, Loss on sale of non-current assets ¥1 million |
| 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 | New 0 companies (company name: —) / Excluded 0 companies (company name: —) |
| Availability of Supplementary Financial Results Materials | Yes |
| Availability of Financial Results Briefing | No |
| Issued Shares at Period-End | 25,132,259 shares |
| Treasury Shares at Period-End | 1,067,021 shares |
| Factors Behind Changes in Business Performance | Revenue from real estate transactions declined due to lower sales of ＡＤＶＡＮＴＡＧＥ ＣＬＵＢ and the impact of the tax reform. Closings for multiple large projects are concentrated in the fourth quarter. |
Items this document does not state (13)
Operating MarginCash flows from operating activitiesCash flows from investing activitiesCash flows from financing activitiesCash and cash equivalents at end of periodRevision to Earnings ForecastPayout ratioShareholder Return PolicySegment profitRegional 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 decline in sales of ＡＤＶＡＮＴＡＧＥ ＣＬＵＢ, sluggish sales because the details of the tax reform were not finalized until November or later, and the concentration of closings for multiple large projects in the fourth quarter.
How to read this page
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