After missing the FY2026 plan, the FY2027 plan assumes modest revenue and profit growth

FY2026 full-year revenue was ¥23,543 million, representing an achievement rate of 88.2% against the latest full-year forecast of ¥26,700 million. Operating profit was ¥207 million, or 51.8% of the ¥400 million forecast, leaving a shortfall of ¥193 million. Net income attributable to owners of the parent was a loss of ¥52 million against the ¥180 million forecast, a shortfall of ¥232 million.

The next full-year forecast for FY2027 is revenue of ¥25,500 million, operating profit of ¥250 million and net income attributable to owners of the parent of ¥5 million. Compared with the FY2026 results, revenue is expected to increase 8.3% and operating profit 20.8%, while net income is expected to recover from a loss to only ¥5 million in profit. The operating margin is expected to improve only from approximately 0.88% in FY2026 to approximately 0.98% in the FY2027 forecast, an improvement of approximately 0.10 percentage points.

The FY2027 plan assumes a recovery from the FY2026 results, but does not reach the FY2026 forecast levels of ¥26,700 million in revenue and ¥400 million in operating profit. For the nine months ended the third quarter, revenue was ¥16,869 million and operating loss was ¥29 million. The company cited weak sentiment toward home purchases, construction delays caused by heavy snowfall, weaker consumer sentiment due to rising prices, lower sales volumes of new and used vehicles, and an increase in low-margin completed projects as factors behind the decline in profit. The extent to which these factors were resolved in FY2027-Q1 will determine the credibility of the full-year plan.

Although the FY2027 full-year forecast has been disclosed, no individual first-quarter forecasts for revenue or operating profit, segment-level targets or improvement amounts by demand factor can be confirmed. Recent news lists 13 October 2026 as the scheduled date for the next results announcement. In those results, comparisons with FY2026-Q1, when revenue was ¥5,678 million and operating profit was ¥51 million, and an explanation of progress against the ¥250 million operating profit target will be important.