Fiscal Year Ending March 2026 Q3 Financial Summary [Japanese GAAP] (Consolidated)

Overview of Operating Results

In the cumulative third quarter period of the fiscal year ending March 2026, net sales amounted to 91.616 billion yen (up 17.2% YoY), operating income was 7.516 billion yen (up 30.4% YoY), ordinary income was 7.475 billion yen (up 30.1% YoY), and net income attributable to owners of parent for the quarter was 5.077 billion yen (up 30.2% YoY). Despite a continued decline in new condominium supply and cautious purchasing demand in the condominium market, both sales and profits increased due to development of single-resident brands in the asset management-type condominium market and enhanced responsiveness to the used condominium market. By segment, real estate development, used condominium sales, and real estate rental income all rose, and construction business saw significant increases in sales and profits due to a rise in project volume. On the other hand, the inn business recorded a loss due to decreased room occupancy rates.

Financial Position and Dividend Status

Total assets declined to 104.454 billion yen compared to the previous consolidated fiscal year-end, but net assets increased by 3.229 billion yen to 76.151 billion yen, raising the equity ratio to 72.9%. The annual dividend is forecasted at 62 yen (compared to 54 yen in the previous term), indicating an expected improvement in dividend payout ratio. The number of issued shares remains steady at 34,646,500 shares.