Results for this period
First quarter1 January 2026–31 March 2026ConsolidatedJapanese GAAPThe 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 shaded area represents net assets as a proportion of total assets. It is calculated from the two amounts reported by the company.
Although the number of investment condominium units sold increased, profit margins per unit declined. For detached houses held for the long term, the company adjusted selling prices to prioritize early sales. In property management, the number of properties under rental management declined slightly and occupancy rates at the Chinese subsidiary remained sluggish. In real estate leasing, the Chinese subsidiary made steady progress in securing new contracts, resulting in higher rental income. In real estate brokerage, rental and sales brokerage activities weakened both in Japan and overseas.
No applicable matters
| Item | Details |
|---|---|
| Fiscal Period Classification | First quarter |
| Accounting standards | Japanese GAAP |
| Consolidated / non-consolidated | Consolidated |
| Period Covered | 1 January 2026–31 March 2026 |
| Net Sales | ¥641,100 thousand (YoY +2.2%) |
| Operating profit | ¥-76,342 thousand |
| Ordinary income | ¥-91,623 thousand |
| Profit attributable to owners of the parent | ¥-92,241 thousand |
| Total assets | ¥4,157,379 thousand |
| Net assets | ¥2,270,525 thousand |
| Full-year earnings forecast | Net Sales Not disclosed / Operating profit Not disclosed / Ordinary income Not disclosed / Net income Not disclosed / Remarks Unchanged from the forecast announced on 13 February 2026 |
| Revision to Earnings Forecast | No revision (unchanged) |
| Segment revenue | Real estate sales business ¥279,160 thousand (YoY +5.3%), Property Management Business ¥143,254 thousand (YoY -11.0%), Real Estate Leasing Business ¥139,425 thousand (YoY +50.3%), Real estate brokerage business ¥68,150 thousand (YoY -37.5%), Investment, Asset Management and Consulting Business ¥21,912 thousand |
| Segment profit | Real estate sales business ¥-7,273 thousand, Property Management Business ¥25,466 thousand (YoY -14.0%), Real Estate Leasing Business ¥10,527 thousand (YoY +57.0%), Real estate brokerage business ¥5,037 thousand (YoY -79.5%), Investment, Asset Management and Consulting Business ¥-12,722 thousand |
| Depreciation and amortization | ¥3,372 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 |
| Factors Behind Changes in Business Performance | Although the number of investment condominium units sold increased, profit margins per unit declined. For detached houses held for the long term, the company adjusted selling prices to prioritize early sales. In property management, the number of properties under rental management declined slightly and occupancy rates at the Chinese subsidiary remained sluggish. In real estate leasing, the Chinese subsidiary made steady progress in securing new contracts, resulting in higher rental income. In real estate brokerage, rental and sales brokerage activities weakened both in Japan and overseas. |
Items this document does not state (19)
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.Although the number of investment condominium units sold increased, profit margins per unit declined. For detached houses held for the long term, the company adjusted selling prices to prioritize early sales. In property management, occupancy rates at the Chinese subsidiary remained sluggish, while domestic and overseas rental and sales brokerage activities weakened in the real estate brokerage business. In real estate leasing, however, the Chinese subsidiary made progress in securing new contracts, resulting in higher rental income.