Worth reading
57In focus
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
-25.7
Year-on-year change in operating profit (%)Wording
Conditional
How definitive the wording is.Results for this period
Interim period (second quarter)1 March 2026 to 31 August 2026Non-consolidated (standalone)Japanese GAAPNet Sales22,182¥ millionYear on year 0.0%Progress 48.2%
Operating profit2,049¥ millionYear on year -25.7%Progress 47.7%
Ordinary income1,425¥ millionYear on year -38.2%Progress 47.5%
Net income attributable to owners of the parent962¥ millionYear on year -41.6%Progress 45.8%
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¥87.85
Financial position at period-end
Total assets120,139¥ million
of which net assets 35,293 ¥ millionEquity ratio 29.4%vs. prior year-end -1.3pt
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.
Cash inflows and outflows
Operating-3,962
Investment-216
Financials+6,303
Net change+2,125
Stacked from zero: upward is an increase in cash, downward a decrease (in ¥ million).The net change represented by the dotted line is the total of three items, calculated from figures provided by the company.
Cash and cash equivalents at end of period¥12,419 million
Segment revenueCondominium Sales ¥16,266 million (YoY -11.5%), Detached Home Sales ¥788 million (YoY +35.8%), Other Real Estate Sales ¥3,321 million (YoY +114.9%), Real estate rental income ¥1,679 million (YoY +1.6%)
Segment profitCondominium Sales ¥1,482 million (YoY -40.8%), Detached Home Sales ¥80 million, Other Real Estate Sales ¥551 million (YoY +107.8%), Real estate rental income ¥445 million (YoY -22.4%)
Outlook and shareholder returns
Full-year earnings forecast
Net Sales¥46,000 million (YoY +9.1%)
Operating profit¥4,300 million (YoY -13.8%)
Ordinary income¥3,000 million (YoY -24.7%)
Net income¥2,100 million (YoY -20.0%)
Revision to Earnings ForecastNo
Annual Dividend Forecast¥72 → ¥67
Factors Behind Changes in Business Performance
Higher land prices and construction costs; the impact of higher home mortgage rates on financing costs and consumers' willingness to purchase homes; and declines in launches, contracts and handovers in condominium sales. Sales of detached homes, other real estate sales and other income increased.
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
Impairment loss¥301.490 million (asset subject to impairment: not disclosed)
Breakdown of extraordinary income (loss)Extraordinary income Gain on sale of non-current assets ¥109,558 thousand, Gain on sale of shares in an affiliated company ¥138,000 thousand / Extraordinary loss Impairment Losses ¥301,490 thousand
Depreciation and amortization¥472,383 thousand
Orders received and order backlogContracts entered into during the period ¥18,960 million / Contracted but undelivered balance ¥47,853 million
Availability of Supplementary Financial Results MaterialsYes
Availability of Financial Results BriefingAvailable (for institutional investors and analysts)
Issued Shares at Period-End11,100,000
Treasury Shares at Period-End138,980
| Item | Details |
|---|---|
| Fiscal Period Classification | Interim period (second quarter) |
| Accounting standards | Japanese GAAP |
| Consolidated / non-consolidated | Non-consolidated (standalone) |
| Period Covered | 1 March 2026 to 31 August 2026 |
| Net Sales | ¥22,182 million (YoY 0.0%) |
| Operating profit | ¥2,049 million (YoY -25.7%) |
| Ordinary income | ¥1,425 million (YoY -38.2%) |
| Profit attributable to owners of the parent | ¥962 million (YoY -41.6%) |
| Net income per share | ¥87.85 |
| Equity ratio | End of the current fiscal period 29.4 / End of previous period 30.7 |
| Total assets | ¥120,139 million |
| Net assets | ¥35,293 million |
| Cash flows from operating activities | ¥-3,962 million |
| Cash flows from investing activities | ¥-216 million |
| Cash flows from financing activities | ¥6,303 million |
| Cash and cash equivalents at end of period | ¥12,419 million |
| Full-year earnings forecast | Net Sales ¥46,000 million (YoY +9.1%) / Operating profit ¥4,300 million (YoY -13.8%) / Ordinary income ¥3,000 million (YoY -24.7%) / Net income ¥2,100 million (YoY -20.0%) |
| Revision to Earnings Forecast | No |
| Annual Dividend Forecast | ¥72 → ¥67 |
| Segment revenue | Condominium Sales ¥16,266 million (YoY -11.5%), Detached Home Sales ¥788 million (YoY +35.8%), Other Real Estate Sales ¥3,321 million (YoY +114.9%), Real estate rental income ¥1,679 million (YoY +1.6%) |
| Segment profit | Condominium Sales ¥1,482 million (YoY -40.8%), Detached Home Sales ¥80 million, Other Real Estate Sales ¥551 million (YoY +107.8%), Real estate rental income ¥445 million (YoY -22.4%) |
| Orders received and order backlog | Contracts entered into during the period ¥18,960 million / Contracted but undelivered balance ¥47,853 million |
| Depreciation and amortization | ¥472,383 thousand |
| Impairment loss | ¥301.490 million (asset subject to impairment: not disclosed) |
| Breakdown of extraordinary income (loss) | Extraordinary income Gain on sale of non-current assets ¥109,558 thousand, Gain on sale of shares in an affiliated company ¥138,000 thousand / Extraordinary loss Impairment Losses ¥301,490 thousand |
| 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 |
| Availability of Supplementary Financial Results Materials | Yes |
| Availability of Financial Results Briefing | Available (for institutional investors and analysts) |
| Issued Shares at Period-End | 11,100,000 |
| Treasury Shares at Period-End | 138,980 |
| Factors Behind Changes in Business Performance | Higher land prices and construction costs; the impact of higher home mortgage rates on financing costs and consumers' willingness to purchase homes; and declines in launches, contracts and handovers in condominium sales. Sales of detached homes, other real estate sales and other income increased. |
Items this document does not state (6)
Operating MarginPayout ratioShareholder Return PolicyRegional salesChanges in the scope of consolidationMaterial 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 Company cited higher land prices and construction costs, as well as the impact of higher home mortgage rates on financing costs and consumers' willingness to purchase homes. It also explained that net sales, launches, contracts and handovers of condominiums for sale declined, while sales of detached homes and other real estate increased.
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.