Fiscal Year Ending March 2027 Q2 (Interim) Financial Summary [Japanese GAAP] (Consolidated)

Summary of Results

For the second quarter of the fiscal year ending March 2027, consolidated revenue was 10,591.816 million yen, down 20.6% year-over-year. Operating income was 1,636.027 million yen, ordinary income was 1,628.450 million yen, and net income attributable to owners of parent for the interim period was 1,027.932 million yen, each below the prior-year interim results. The full-year outlook remains unchanged from the previous forecast. By segment, there were disparities in trends across Residence, Real Estate Development, Rental & Management, Construction, Materials and Others: Real Estate Development recorded lower revenue but higher profit due to delivery of high-margin properties; Construction saw substantial declines in revenue and profit due to reduced construction sales; Materials posted higher profit through a shift to higher-margin products; Rental & Management recorded lower profit due to increased acquisition costs; Residence saw lower revenue due to inventory reductions.

Financial Position and Outlook

Total assets were approximately 44,661.0 million yen, total net assets were approximately 29,773.0 million yen, and the equity ratio was 65.9%. Cash and cash equivalents stood at approximately 1,748.038 million yen, a decrease from the previous fiscal period. Cash flows from operating and investing activities were negative, while financing activities resulted in a net increase. The dividend forecast remains unchanged at 0 yen - 0.00 yen compared with the previous fiscal year (full-year forecast is unclear but no revision was announced most recently). The shareholder returns policy is as described in the financial summary.