Worth reading
69In focus
Scored from 4 of 6 sectionsDirection
Mixed performance
Direction inferred from the company’s description.Scale
193.448
¥ million (year-on-year increase in operating loss)Wording
Conditional
How definitive the wording is.Results for this period
Interim period (second quarter)1 January 2026–30 June 2026ConsolidatedJapanese GAAPNet Sales1,741,583¥ thousandYear on year +18.3%
Operating profit-242,689¥ thousand
Ordinary income-260,163¥ thousand
Net income attributable to owners of the parent-262,047¥ thousand
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.
Financial position at period-end
Total assets3,860,520¥ thousand
of which net assets 2,114,640 ¥ thousand
The shaded area represents net assets as a proportion of total assets. It is calculated from the two amounts reported by the company.
Cash inflows and outflows
Operating-471,774
Investment-38,316
Financials+171,412
Net change-338,678
Stacked from zero: upward is an increase in cash, downward a decrease (in ¥ thousand).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¥795,083 thousand
Segment revenue
Real estate sales business1,004,57956.4%
Property Management Business294,19016.5%
Real Estate Leasing284,12616.0%
Real estate brokerage business118,8536.7%
Investment, Asset Management and Consulting Business79,1604.4%
Segment profit
Real estate sales business15,037
Property Management Business59,632
Real Estate Leasing17,485
Real estate brokerage business-2,190+29.0%
Investment, Asset Management and Consulting Business-5,860+21.0%
Outlook and shareholder returns
Full-year earnings forecast
Net SalesNot disclosed
Operating profitNot disclosed
Ordinary incomeNot disclosed
Net incomeNot disclosed
RemarksUnchanged from the forecast announced on 13 February 2026
Revision to Earnings ForecastNo change
Factors Behind Changes in Business Performance
An increase in the number of units sold, lower profit margins per unit, adjustments to selling prices for detached-home properties, low occupancy rates at properties of a Chinese subsidiary, a review of domestic business processes and cost optimization, acquisition of new contracts, sluggish growth in the number of transactions, and upfront costs incurred
Disclosure regarding the going concern assumption
Not applicable.
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
Material subsequent eventsPayment for the third-party allotment capital increase was completed, and 3 million common shares were issued. The total issue price was ¥222 million, which will be allocated to investments and research related to the RWA business and to the development of RWA infrastructure and platforms. The allotment of the 10th through 12th series of stock acquisition rights was also completed on 21 July 2026.
Breakdown of extraordinary income (loss)No extraordinary income or extraordinary loss was recognized during the interim period (total extraordinary income is shown as "-")
Depreciation and amortization¥9,835 thousand
| Item | Details |
|---|---|
| Fiscal Period Classification | Interim period (second quarter) |
| Accounting standards | Japanese GAAP |
| Consolidated / non-consolidated | Consolidated |
| Period Covered | 1 January 2026–30 June 2026 |
| Net Sales | ¥1,741,583 thousand (YoY +18.3%) |
| Operating profit | ¥-242,689 thousand |
| Ordinary income | ¥-260,163 thousand |
| Profit attributable to owners of the parent | ¥-262,047 thousand |
| Total assets | ¥3,860,520 thousand |
| Net assets | ¥2,114,640 thousand |
| Cash flows from operating activities | ¥-471,774 thousand |
| Cash flows from investing activities | ¥-38,316 thousand |
| Cash flows from financing activities | ¥171,412 thousand |
| Cash and cash equivalents at end of period | ¥795,083 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 change |
| Segment revenue | Segment Real estate sales business / Net Sales ¥1,004,579 thousand / Year-on-year (%) 43, Segment Property Management Business / Net Sales ¥294,190 thousand / Year-on-year (%) -10.4, Segment Real Estate Leasing / Net Sales ¥284,126 thousand / Year-on-year (%) 43.8, Segment Real estate brokerage business / Net Sales ¥118,853 thousand / Year-on-year (%) -33.6, Segment Investment, Asset Management and Consulting Business / Net Sales ¥79,160 thousand / Year-on-year (%) Stated in the text: -20.7%; approximately +20.7% based on total revenue |
| Segment profit | Segment Real estate sales business / Segment profit ¥15,037 thousand / Year-on-year (%) -32.7, Segment Property Management Business / Segment profit ¥59,632 thousand / Year-on-year (%) 0.5, Segment Real Estate Leasing / Segment profit ¥17,485 thousand / Year-on-year (%) 44.1, Segment Real estate brokerage business / Segment profit ¥-2,190 thousand / Year on year against the same period last year The year-ago period reported operating income of ¥29 million, Segment Investment, Asset Management and Consulting Business / Segment profit ¥-5,860 thousand / Year on year against the same period last year The year-ago period reported operating income of ¥21 million |
| Depreciation and amortization | ¥9,835 thousand |
| Breakdown of extraordinary income (loss) | No extraordinary income or extraordinary loss was recognized during the interim period (total extraordinary income is shown as "-") |
| Disclosure regarding the going concern assumption | Not applicable. |
| Change in accounting policy | Changes due to revisions to standards No / Other changes No / Change in accounting estimate No / Restatement No |
| Material subsequent events | Payment for the third-party allotment capital increase was completed, and 3 million common shares were issued. The total issue price was ¥222 million, which will be allocated to investments and research related to the RWA business and to the development of RWA infrastructure and platforms. The allotment of the 10th through 12th series of stock acquisition rights was also completed on 21 July 2026. |
| Factors Behind Changes in Business Performance | An increase in the number of units sold, lower profit margins per unit, adjustments to selling prices for detached-home properties, low occupancy rates at properties of a Chinese subsidiary, a review of domestic business processes and cost optimization, acquisition of new contracts, sluggish growth in the number of transactions, and upfront costs incurred |
Items this document does not state (14)
Net income per shareOperating MarginEquity ratioAnnual Dividend ForecastPayout ratioShareholder Return PolicyRegional salesOrders received and order backlogImpairment lossChanges in the scope of consolidationAvailability of Supplementary Financial Results MaterialsAvailability of Financial Results BriefingIssued Shares at Period-EndTreasury Shares at Period-End
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.In the real estate sales business, the number of units sold increased, but profit margins per unit declined, and selling prices were adjusted for detached-home properties held for the long term. In the real estate management business, low occupancy rates at properties of a Chinese subsidiary had an adverse impact, while a review of domestic operations and cost optimization contributed to profit. Overall, upfront costs were also incurred to expand the businesses.
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.
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Corrections happenIf the company reissues this disclosure, the page is rebuilt from the corrected version and the revision number moves up.