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

Overview of Results

For the fiscal year ending March 2026, consolidated net sales reached JPY 1,984.743 billion (7.7% Year-over-Year increase), operating income was JPY 135.256 billion (13.8% increase), ordinary income was JPY 139.169 billion (7.5% increase), and net income attributable to owners of parent was JPY 99.030 billion (5.5% increase). The increase in net sales was due to growth in completed construction contracts in the construction segment, an increase in master-leased properties in the real estate leasing business, and a significant rise in net sales in the real estate development business. Operating income increased despite higher selling, general and administrative expenses. By segment, the real estate leasing business posted net sales of JPY 1,203.091 billion (3.3% increase Year-over-Year) and operating income of JPY 85.554 billion (6.5% increase), while the real estate development business showed significant growth with net sales of JPY 147.083 billion (186.5% increase) and operating income of JPY 18.535 billion (259.8% increase).

Dividend and Future Outlook

The year-end dividend for the current fiscal year is expected to be JPY 82 per share (post-stock split amount), with a payout ratio of 50.3%. The dividend forecast for the fiscal year ending March 2027 is an annual total of JPY 163 (interim dividend of JPY 81 and year-end dividend of JPY 82), targeting a payout ratio of 50.0%. The consolidated earnings guidance for the fiscal year ending March 2027 anticipates net sales of JPY 2,050 billion (3.3% increase from the current fiscal year), operating income of JPY 142 billion (5.0% increase), and net income attributable to owners of parent of JPY 108 billion (9.1% increase). Internal reserves are intended to be allocated towards strengthening the financial base and growth investments.