Fiscal Year Ending February 2027 Q2 Earnings Presentation

Performance Overview

For Q2, revenue was 6,133 million yen, operating income was 93 million yen, and interim net loss was 19 million yen, representing substantial year-over-year declines in revenue and profit. The primary reason was recognition of an interim net loss due to condominium handovers being concentrated in the second half. However, operating income was maintained through land and other property sales. The full year is expected to continue to be weighted toward project completions in Q4.

Outlook and Progress

The full-year outlook remains generally in line with plan, and there are no revisions to earnings forecasts. Scheduled handovers total 366 units, with 295 units under contract, resulting in a contract progress rate of 80.6%. Inventories, specifically properties under development for sale, are progressing steadily, and potential sales in the condominium segment amount to approximately 63,000 million yen. Measures to mitigate the concentration of condominium handover timing are expected to be key to future earnings recovery.