Financial Results Briefing for the First Quarter of Fiscal Year Ending December 2026

Performance Overview

In the first quarter of fiscal year ending December 2026, revenue decreased to 14.5 billion yen (down 52.3% YoY), and net income was 800 million yen (down 51.6% YoY) due to reduced sale transactions. Procurement rose significantly to 27.8 billion yen (up 115.5% YoY), marking a strong start toward achieving annual procurement exceeding 100 billion yen. The full-year earnings outlook projects sales of 100.0 billion yen and net income of 8.0 billion yen, with profits primarily recognized in the fourth quarter, consistent with expectations. The equity ratio declined to 24.3%, and the net D/E ratio increased to 2.30 times, but the DCR improved to 162.2%.

Shareholder Return and Business Progress

With profit growth, dividends are slated to increase, with an annual dividend of 130 yen (interim 65 yen, final 65 yen). On the business front, the flow business experienced a decrease in revenue and profit, while the stock business steadily increased profits and revenue. Accelerated procurement is expected to expand real estate investment and rental income. Based on the medium-term management plan, the target is to achieve net income of over 10 billion yen by the fiscal year ending December 2028.