FY2026 3rd Quarter Financial Summary (Japanese GAAP) (Consolidated)

Summary of Business Performance

Consolidated results for the 3rd quarter of FY2026 recorded net sales of ¥779,139 million (YoY △0.5%), operating income of ¥238,379 million (+10.5% YoY), ordinary income of ¥235,886 million (+7.8% YoY), and net income attributable to owners of the parent of ¥174,875 million (+19.2% YoY). Operating income and ordinary income achieved record highs for five consecutive terms, while net income reached a record high for the seventh consecutive term. Improvements in occupancy rates in the office building leasing business and price increases in condominium sales drove the growth in operating income compared to the previous year’s period.

Performance by Segment and Financial Position

The real estate leasing segment performed well with net sales of ¥343,777 million (+7.2% YoY) and operating income of ¥159,372 million (+11.7% YoY), with vacancy rates improving to 5.0%. The sales segment posted net sales of ¥240,721 million (△9.0% YoY) and operating income of ¥68,741 million (+8.9% YoY), where a decrease in the number of units sold was offset by improved profit margins, resulting in higher operating income. The housing segment recorded net sales of ¥132,559 million (△2.9% YoY) and operating income of ¥8,942 million (△29.0% YoY), reflecting lower revenues and profits. Financially, total assets stood at ¥7.0932 trillion, net assets at ¥2.4157 trillion, and an equity ratio of 34.1%, maintaining a sound financial base.

Dividends and Outlook

The annual dividend forecast for FY2026 is 44 yen per common share (post-split basis), representing an increase from the previous fiscal year. The full-year performance forecast anticipates net sales of ¥1.05 trillion (+3.5% YoY), operating income of ¥295 billion (+8.6% YoY), and net income attributable to owners of the parent of ¥210 billion (+9.6% YoY). Progress rates for each indicator are between 74% and 83%, indicating steady performance.