Worth reading
43Recurring
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
-17.6
Year-on-year change in revenue (%)Wording
Conditional
How definitive the wording is.Results for this period
Interim period (second quarter)1 April 2026 to 30 September 2026ConsolidatedJapanese GAAPNet Sales3,221¥ millionYear on year -17.6%Progress 47.6%
Operating profit82¥ millionYear on year -16.4%Progress 41.0%
Ordinary income82¥ millionYear on year -30.7%Progress 41.0%
Net income attributable to owners of the parent24¥ millionYear on year -58.1%Progress 16.3%
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¥2.80
Financial position at period-end
Total assets5,147¥ million
of which net assets 2,639 ¥ millionEquity ratio 51.1%vs. prior year-end +0.2pt
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+143,549
Investment+504,765
Financials-179,589
Net change+468,725
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¥2,447,284 thousand
Segment revenue
Real estate business2,734,17384.9%
Hotel and regional revitalization business465,17514.4%
Investment business20,8350.6%
Segment profit
Real estate business165,639
Hotel and regional revitalization business23,144
Investment business-5,045
Outlook and shareholder returns
Full-year earnings forecast
Net Sales¥6,770 million (YoY -17.6%)
Operating profit¥200 million (YoY +1.3%)
Ordinary income¥200 million (YoY -19.2%)
Net income¥147 million (YoY -28.4%)
Revision to Earnings ForecastNo
Annual Dividend Forecast5 Yen → 5 Yen（0.0%）
Factors Behind Changes in Business Performance
The company has not operated the real estate trading business since the beginning of the current fiscal year as part of its focus on selected businesses, operating revenue was limited to approximately one month following the transfer of the Kurashiki Royal Art Hotel business, and Narita Gateway Hotel was affected by weak lodging demand due to torrential rain and typhoons, among other factors.
Disclosure regarding the going concern assumption
None. The notes on the going concern assumption state: “There are 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
Changes in the scope of consolidationNew 0 companies / Excluded 0 companies / Company name No
Material subsequent eventsAt a meeting of the Board of Directors held on 30 September 2026, the company resolved to make 株式会社block party a wholly owned subsidiary through a simplified share exchange and entered into the relevant agreement. The transaction took effect on 30 October 2026. The company issued 597,600 treasury shares as consideration, and the amount of goodwill and other items has not yet been determined.
Impairment loss¥64.977 million. Goodwill relating to the hotel-related business operated by 株式会社倉敷ロイヤルアートホテル
Breakdown of extraordinary income (loss)Extraordinary income Gain on sale of property, plant and equipment ¥801,917 thousand / Extraordinary loss Impairment loss ¥64,977 thousand, Loss on reduction of non-current assets ¥657,168 thousand, Other ¥73,185 thousand
Depreciation and amortization¥54,108 thousand
Availability of Supplementary Financial Results MaterialsYes
Availability of Financial Results BriefingNo (a video featuring a dialogue with investors is planned)
Issued Shares at Period-End9,712,089 shares
Treasury Shares at Period-End813,509 shares
| 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 | ¥3,221 million (YoY -17.6%) |
| Operating profit | ¥82 million (YoY -16.4%) |
| Ordinary income | ¥82 million (YoY -30.7%) |
| Profit attributable to owners of the parent | ¥24 million (YoY -58.1%) |
| Net income per share | ¥2.80 |
| Equity ratio | End of the current fiscal period 51.1 / End of previous period 50.9 |
| Total assets | ¥5,147 million |
| Net assets | ¥2,639 million |
| Cash flows from operating activities | ¥143,549 thousand |
| Cash flows from investing activities | ¥504,765 thousand |
| Cash flows from financing activities | ¥-179,589 thousand |
| Cash and cash equivalents at end of period | ¥2,447,284 thousand |
| Full-year earnings forecast | Net Sales ¥6,770 million (YoY -17.6%) / Operating profit ¥200 million (YoY +1.3%) / Ordinary income ¥200 million (YoY -19.2%) / Net income ¥147 million (YoY -28.4%) |
| Revision to Earnings Forecast | No |
| Annual Dividend Forecast | 5 Yen → 5 Yen（0.0%） |
| Segment revenue | Segment Real estate business / Net Sales ¥2,734,173 thousand / yoy_pct ¥-15.3 thousand, Segment Hotel and regional revitalization business / Net Sales ¥465,175 thousand / yoy_pct ¥-29.2 thousand, Segment Investment business / Net Sales ¥20,835 thousand / yoy_pct ¥-34.1 thousand |
| Segment profit | Segment Real estate business / Segment profit ¥165,639 thousand / yoy_pct ¥15.1 thousand, Segment Hotel and regional revitalization business / Segment profit ¥23,144 thousand / yoy_pct ¥-59.3 thousand, Segment Investment business / Segment profit ¥-5,045 thousand / yoy_pct Operating profit of ¥17.2 million in the year-earlier period |
| Depreciation and amortization | ¥54,108 thousand |
| Impairment loss | ¥64.977 million. Goodwill relating to the hotel-related business operated by 株式会社倉敷ロイヤルアートホテル |
| Breakdown of extraordinary income (loss) | Extraordinary income Gain on sale of property, plant and equipment ¥801,917 thousand / Extraordinary loss Impairment loss ¥64,977 thousand, Loss on reduction of non-current assets ¥657,168 thousand, Other ¥73,185 thousand |
| Disclosure regarding the going concern assumption | None. The notes on the going concern assumption state: “There are no applicable matters.” |
| Change in accounting policy | Changes due to revisions to standards No / Other changes No / Change in accounting estimate No / Restatement No |
| Changes in the scope of consolidation | New 0 companies / Excluded 0 companies / Company name No |
| Material subsequent events | At a meeting of the Board of Directors held on 30 September 2026, the company resolved to make 株式会社block party a wholly owned subsidiary through a simplified share exchange and entered into the relevant agreement. The transaction took effect on 30 October 2026. The company issued 597,600 treasury shares as consideration, and the amount of goodwill and other items has not yet been determined. |
| Availability of Supplementary Financial Results Materials | Yes |
| Availability of Financial Results Briefing | No (a video featuring a dialogue with investors is planned) |
| Issued Shares at Period-End | 9,712,089 shares |
| Treasury Shares at Period-End | 813,509 shares |
| Factors Behind Changes in Business Performance | The company has not operated the real estate trading business since the beginning of the current fiscal year as part of its focus on selected businesses, operating revenue was limited to approximately one month following the transfer of the Kurashiki Royal Art Hotel business, and Narita Gateway Hotel was affected by weak lodging demand due to torrential rain and typhoons, among other factors. |
Items this document does not state (5)
Operating MarginPayout ratioShareholder Return PolicyRegional salesOrders received and order backlog
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 has not operated the real estate trading business since the beginning of the current fiscal year as part of its focus on selected businesses, transferred the business of Kurashiki Royal Art Hotel, and experienced weak lodging demand at Narita Gateway Hotel due to torrential rain and typhoons, among other factors.
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.