2026 March Term Q3 Financial Results Presentation Material

Overview of Performance

In the third quarter of the fiscal year ending March 2026, net sales totaled 771.04 billion yen (up 27.5% YoY), and operating income was 171.65 billion yen (up 43.4% YoY), resulting in significant growth in both sales and profits compared to the same period last year. Ordinary income was 161.54 billion yen (up 41.5% YoY), and net income attributable to owners of parent was 104.34 billion yen (up 32.8% YoY), with operating and ordinary income reaching about 70% progress toward the full-year forecast. The equity ratio stood at 43.4%, down 3.4 points from the previous year, while maintaining a sound financial position and promoting active investments.

Segment Performance and Highlights

The real estate revitalization business maintained high profit margins with increased sales and earnings. Property sales also steadily progressed. Sales volume in the replanning business was 16 properties (down 6 YoY); however, due to sales of larger-scale and newly built properties, revenue and profit increased. The real estate services segment saw significant revenue and profit growth due to expansion in brokerage transactions and strong occupancy of rental conference rooms. The hotel and tourism segment recorded increased revenue and earnings amid strong domestic and inbound travel demand. Between June and October 2025, three new hotels were opened, and two companies joined the group through M&A. Additionally, the group issued its first integrated report in September 2025.