Worth reading
45Recurring
0–100. This measures how worthwhile something is to read, not how good or bad the company is.Direction
Mixed performance
Direction inferred from the company’s description.Scale
65.6
Year-on-year change in operating profit (%)Wording
Conditional
How definitive the wording is.Results for this period
Full year2023年4月1日〜2024年3月31日ConsolidatedJapanese GAAPNet Sales7,680¥ millionYear on year +4.2%Progress 99.7%
Operating profit49¥ millionYear on year -65.6%Progress 49.0%
Ordinary income101¥ millionYear on year -56.2%Progress 72.1%
Net income attributable to owners of the parent82¥ millionYear on year -30.2%Progress 82.0%
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 share9.91円
Operating Margin0.6%
Financial position at period-end
Total assets4,629¥ million
of which net assets 2,540 ¥ millionEquity ratio 54.3%vs. prior year-end +0.8pt
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+164
Investment-565
Financials-81
Net change-482
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¥1,928 million
Segment revenue
Real Estate Business6,214,71485.2%+5.2%
Hotel Business1,034,50014.2%-6.5%
Investment Business48,6020.7%+635.0%
Segment profit
Real Estate Business236,213+37.5%
Hotel Business-11,430
Investment Business29,366+864.2%
Outlook and shareholder returns
Full-year earnings forecast
Net Sales¥7,700 million (YoY +0.3%)
Operating profit¥100 million (YoY +101.2%)
Ordinary income¥140 million (YoY +37.6%)
Net income¥100 million (YoY +21.2%)
Annual Dividend Forecast¥5.00 → ¥5.00（0.0%）
Payout ratio50.5%
Factors Behind Changes in Business Performance
不動産事業は空室率低下と家賃保証事業の規模拡大により増収増益。ホテル事業は成田ゲートウェイホテルの営業再開後の立ち上がり、中国人団体客の戻りの鈍さ、個人客向けオペレーションへの切替コスト、資材・人件費高騰により減収減益。投資事業は投資先株式の一部売却によるキャピタルゲインが寄与。
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 eventsNot applicable.
Impairment loss¥0 thousand
Breakdown of extraordinary income (loss)Extraordinary income Gain on Sale of Fixed Assets ¥212 thousand, Gain on reversal of subscription rights to shares ¥2,175 thousand / Extraordinary loss Loss on disposal of property, plant and equipment ¥74 thousand, Loss on sale of shares of subsidiaries and affiliates ¥797 thousand, Head office relocation costs ¥13,210 thousand
Depreciation and amortization¥104,259 thousand
Availability of Supplementary Financial Results MaterialsYes
Availability of Financial Results BriefingYes
Issued Shares at Period-End8,912,089
Treasury Shares at Period-End660,359
| Item | Details |
|---|---|
| Fiscal Period Classification | Full year |
| Accounting standards | Japanese GAAP |
| Consolidated / non-consolidated | Consolidated |
| Period Covered | 2023年4月1日〜2024年3月31日 |
| Net Sales | ¥7,680 million (YoY +4.2%) |
| Operating profit | ¥49 million (YoY -65.6%) |
| Ordinary income | ¥101 million (YoY -56.2%) |
| Profit attributable to owners of the parent | ¥82 million (YoY -30.2%) |
| Net income per share | 9.91円 |
| Operating Margin | 0.6% |
| Equity ratio | End of the current fiscal period 54.3 / End of previous period 53.5 |
| Total assets | ¥4,629 million |
| Net assets | ¥2,540 million |
| Cash flows from operating activities | ¥164 million |
| Cash flows from investing activities | ¥-565 million |
| Cash flows from financing activities | ¥-81 million |
| Cash and cash equivalents at end of period | ¥1,928 million |
| Full-year earnings forecast | Net Sales ¥7,700 million (YoY +0.3%) / Operating profit ¥100 million (YoY +101.2%) / Ordinary income ¥140 million (YoY +37.6%) / Net income ¥100 million (YoY +21.2%) |
| Annual Dividend Forecast | ¥5.00 → ¥5.00（0.0%） |
| Payout ratio | 50.5% |
| Segment revenue | Real Estate Business ¥6,214,714 thousand (YoY +5.2%) / Hotel Business ¥1,034,500 thousand (YoY -6.5%) / Investment Business ¥48,602 thousand (YoY +635.0%) |
| Segment profit | Real Estate Business ¥236,213 thousand (YoY +37.5%) / Hotel Business ¥-11,430 thousand / Investment Business ¥29,366 thousand (YoY +864.2%) |
| Depreciation and amortization | ¥104,259 thousand |
| Impairment loss | ¥0 thousand |
| Breakdown of extraordinary income (loss) | Extraordinary income Gain on Sale of Fixed Assets ¥212 thousand, Gain on reversal of subscription rights to shares ¥2,175 thousand / Extraordinary loss Loss on disposal of property, plant and equipment ¥74 thousand, Loss on sale of shares of subsidiaries and affiliates ¥797 thousand, Head office relocation costs ¥13,210 thousand |
| 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 | Not applicable. |
| Availability of Supplementary Financial Results Materials | Yes |
| Availability of Financial Results Briefing | Yes |
| Issued Shares at Period-End | 8,912,089 |
| Treasury Shares at Period-End | 660,359 |
| Factors Behind Changes in Business Performance | 不動産事業は空室率低下と家賃保証事業の規模拡大により増収増益。ホテル事業は成田ゲートウェイホテルの営業再開後の立ち上がり、中国人団体客の戻りの鈍さ、個人客向けオペレーションへの切替コスト、資材・人件費高騰により減収減益。投資事業は投資先株式の一部売却によるキャピタルゲインが寄与。 |
Items this document does not state (5)
Revision to Earnings ForecastShareholder Return PolicyRegional salesOrders received and order backlogChanges in the scope of consolidation
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.不動産事業では空室率低下や家賃保証事業の規模拡大により増収増益となった一方、ホテル事業では成田ゲートウェイホテルの営業再開後の立ち上がり、中国人団体客の戻りの鈍さ、個人客向けへのオペレーション切替コスト、資材・人件費高騰により減収減益となりました。投資事業では投資先株式の一部売却によるキャピタルゲインが寄与しました。
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.