Worth reading
48Recurring
Scored from 5 of 6 sectionsDirection
Improvement
Direction inferred from the company’s description.Scale
16.9
% (year-on-year change in operating profit)Wording
Conditional
How definitive the wording is.Results for this period
Interim period (second quarter)1 April 2026 to 30 September 2026ConsolidatedJapanese GAAPNet Sales77,819Millions of yenYear on year +8.8%Progress 49.3%
Operating profit5,427Millions of yenYear on year +16.9%Progress 60.3%
Ordinary income5,850Millions of yenYear on year +2.0%Progress 54.2%
Net income attributable to owners of the parent3,950Millions of yenYear on year +6.7%Progress 54.1%
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¥108.78
Financial position at period-end
Total assets108,325Millions of yen
of which net assets 79,496 Millions of yenEquity ratio 72.3%vs. prior year-end +2.4pt
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+2,251
Investment-1,061
Financials-1,637
Net change-447
Stacked from zero: upward is an increase in cash, downward a decrease (in Millions of yen).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 period35,925 Millions of yen
Segment revenueBuilding Management and Operations Business 48,537 Millions of yen (YoY +7.4%), Residential Property Management and Operations Business 18,403 Millions of yen (YoY +13.3%), Environmental Facilities Management Business 7,990 Millions of yen (YoY +7.6%), Real Estate Fund Management Business 1,644 Millions of yen (YoY +7.9%), Other Businesses 1,395 Millions of yen (YoY -1.3%)
Segment profitBuilding Management and Operations Business 4,777 Millions of yen (YoY +7.8%), Residential Property Management and Operations Business 1,440 Millions of yen (YoY +71.9%), Environmental Facilities Management Business 1,256 Millions of yen (YoY -7.2%), Real Estate Fund Management Business 296 Millions of yen (YoY +16.4%), Other Businesses 13 Millions of yen (YoY -87.5%)
Outlook and shareholder returns
Full-year earnings forecast
Net Sales158,000 Millions of yen (YoY +5.2%)
Operating profit9,000 Millions of yen (YoY +3.6%)
Ordinary income10,800 Millions of yen (YoY +2.8%)
Net income7,300 Millions of yen (YoY +2.5%)
Annual Dividend Forecast57 Yen → 60 Yen（+5.3%）
Factors Behind Changes in Business Performance
Revenue increased as contract renewals for existing managed projects, orders for construction-related services and the undertaking of new management projects progressed smoothly. Profit increased as a result of efforts to revise fees, review work efficiency, improve the cost ratio and reduce costs, while some segments reported lower profit due to increased expenses, including personnel costs.
Disclosure regarding the going concern assumption
No applicable matters
Change in accounting policy
基準改正に伴う変更 Noneそれ以外の変更 None見積りの変更 None修正再表示 None
Changes in the scope of consolidationNew 0 / Excluded 0 / Company name None
Material subsequent events東京キャピタルマネジメント株式会社 will invest in a silent partnership, which is scheduled to become a consolidated subsidiary and specified subsidiary of the Company on 11 November 2026. The investment is expected to amount to ¥430 million, with an investment ratio of 100.0%.
Breakdown of extraordinary income (loss)Extraordinary income Gain on sale of investment securities 42 Millions of yen / Extraordinary loss Not disclosed
Depreciation and amortization753 Millions of yen
Availability of Financial Results BriefingAvailable (for institutional investors and analysts)
Issued Shares at Period-End41,180,306 shares
Treasury Shares at Period-End4,859,359 shares
Supplementary financial results materialsAvailable
| Item | Details |
|---|---|
| Fiscal Period Classification | Interim period (second quarter) |
| Accounting standards | Japanese GAAP |
| Consolidated / non-consolidated | Consolidated |
| Period Covered | 1 April 2026 to 30 September 2026 |
| Net Sales | 77,819 Millions of yen (YoY +8.8%) |
| Operating profit | 5,427 Millions of yen (YoY +16.9%) |
| Ordinary income | 5,850 Millions of yen (YoY +2.0%) |
| Profit attributable to owners of the parent | 3,950 Millions of yen (YoY +6.7%) |
| Net income per share | ¥108.78 |
| Equity ratio | End of the current fiscal period 72.3% / End of previous period 69.9% |
| Total assets | 108,325 Millions of yen |
| Net assets | 79,496 Millions of yen |
| Cash flows from operating activities | 2,251 Millions of yen |
| Cash flows from investing activities | -1,061 Millions of yen |
| Cash flows from financing activities | -1,637 Millions of yen |
| Cash and cash equivalents at end of period | 35,925 Millions of yen |
| Full-year earnings forecast | Net Sales 158,000 Millions of yen (YoY +5.2%) / Operating profit 9,000 Millions of yen (YoY +3.6%) / Ordinary income 10,800 Millions of yen (YoY +2.8%) / Net income 7,300 Millions of yen (YoY +2.5%) |
| Annual Dividend Forecast | 57 Yen → 60 Yen（+5.3%） |
| Segment revenue | Building Management and Operations Business 48,537 Millions of yen (YoY +7.4%), Residential Property Management and Operations Business 18,403 Millions of yen (YoY +13.3%), Environmental Facilities Management Business 7,990 Millions of yen (YoY +7.6%), Real Estate Fund Management Business 1,644 Millions of yen (YoY +7.9%), Other Businesses 1,395 Millions of yen (YoY -1.3%) |
| Segment profit | Building Management and Operations Business 4,777 Millions of yen (YoY +7.8%), Residential Property Management and Operations Business 1,440 Millions of yen (YoY +71.9%), Environmental Facilities Management Business 1,256 Millions of yen (YoY -7.2%), Real Estate Fund Management Business 296 Millions of yen (YoY +16.4%), Other Businesses 13 Millions of yen (YoY -87.5%) |
| Depreciation and amortization | 753 Millions of yen |
| Breakdown of extraordinary income (loss) | Extraordinary income Gain on sale of investment securities 42 Millions of yen / Extraordinary loss Not disclosed |
| Disclosure regarding the going concern assumption | No applicable matters |
| Change in accounting policy | Changes due to revisions to standards None / Other changes None / Change in accounting estimate None / Restatement None |
| Changes in the scope of consolidation | New 0 / Excluded 0 / Company name None |
| Material subsequent events | 東京キャピタルマネジメント株式会社 will invest in a silent partnership, which is scheduled to become a consolidated subsidiary and specified subsidiary of the Company on 11 November 2026. The investment is expected to amount to ¥430 million, with an investment ratio of 100.0%. |
| Supplementary financial results materials | Available |
| Availability of Financial Results Briefing | Available (for institutional investors and analysts) |
| Issued Shares at Period-End | 41,180,306 shares |
| Treasury Shares at Period-End | 4,859,359 shares |
| Factors Behind Changes in Business Performance | Revenue increased as contract renewals for existing managed projects, orders for construction-related services and the undertaking of new management projects progressed smoothly. Profit increased as a result of efforts to revise fees, review work efficiency, improve the cost ratio and reduce costs, while some segments reported lower profit due to increased expenses, including personnel costs. |
Items this document does not state (7)
Operating MarginRevision to Earnings ForecastPayout ratioShareholder Return PolicyRegional salesOrders received and order backlogImpairment loss
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.Contract renewals for existing managed projects, the undertaking of new management projects and orders for construction-related services progressed smoothly. On the profit front, despite rising personnel costs, the company worked to revise fees, review work efficiency, improve the cost ratio and reduce costs.
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