Notice of Revision of Consolidated Full-Year Forecast for the Fiscal Year Ending September 2026

Revision of targets

At today's board meeting, the full-year consolidated earnings forecast for the fiscal year ending September 2026 was revised. Net sales are 61,796 million yen, operating income 6,329 million yen, ordinary income 6,121 million yen, net income attributable to owners of the parent 4,138 million yen, and earnings per share are unknown. Compared with the previously disclosed target, net sales are down about 38.8%, and profit indicators are also significantly reduced. Although the medium-term management plan 'Challenging 2028 ~Catch the Wave~' aims for ordinary income of 15 billion yen, the acquisition of real estate assets had progressed, but several disposal timings shifted to after the current period, making the target difficult to achieve, leading to revision. The basic policy of a payout ratio of 40% remains, with no change to the dividend forecast.

Outlook and considerations

The revision reflects stronger investment in revenue-generating real estate and delays in timing of disposals within the main Real Estate business. Although the current targets have not been reached, the policy of stable and sustainable dividends remains in place. Going forward, the company plans to enhance the effectiveness of disposition activities while pursuing a capital policy aligned with the dividend payout ratio.