Nissou Co.,Ltd.
Notice of Revision of Earnings Forecast
Full-year consolidated earnings forecast for the fiscal year ending July 2026 revised downward. Revenue expected to be below prior forecast, while the progress of the core renovation business is generally on track, but procurement and profitability of bought and resold properties have deteriorated. Due to sustained real estate prices and intensified sourcing competition, results are likely to underperform the plan. Profit is revised reflecting lower revenue and some costs and asset impairment. A revised forecast was announced.
Key Figures
- Sales: 5,376 million yen (previous 5,515 million yen → △138 million yen)
- Operating income: △42 million yen (previous △16 million yen → △26 million yen)
- Ordinary income: △51 million yen (previous △23 million yen → △28 million yen)
AI要約
Summary of the earnings forecast revision
The today-announced full-year consolidated earnings forecast for the fiscal year ending July 2026 shows that while the renovation business is generally on track, delays in procurement and sales in the core bought and resold property business are prominent, leading to revenue likely to fall short of the previous forecast. Operating in the new brand including the single-family housing segment is showing signs of recovery, but due to delays in building-related approvals and start of new construction, the number of planned lot sales and built-for-sale projects has fallen to 13. As a result, profitability is also expected to underperform, and a revised forecast has been announced.
Outlook and points of focus
Sustained high real estate prices and intensified sourcing competition are expected to remain key risk factors. Selling, general and administrative expenses were below plan, but could not offset the decline in revenue, with impacts from higher cost of goods sold in core businesses and impairments. Strengthening the sales base for future expansion and improving property selection will be critical going forward.
Nissou
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