Q2 FY2026 Financial Summary (IFRS, Consolidated)

Overview of results

In the second quarter of the fiscal year ending November 2026, Tosei posted revenue of 85,956 million yen, operating income of 21,214 million yen, and net income attributable to owners of parent of 13,806 million yen, all exceeding the prior-year period. By segment, the real estate rehabilitation business was a key driver of performance, with total progress at 69.9% of full-year plans for revenue and 91.5% for pretax interim profit, indicating a high level of progress. Market conditions remain firm supported by active real estate investment markets, with rent increases and strong demand underpinning performance. The company continues new investment and development activity while maintaining healthy liquidity.

Outlook and dividends

Full-year earnings guidance announced on January 14, 2026 remains unchanged at this time. Regarding dividends, for the year ended November 2025 the actual dividend includes year-end, totaling 100 yen, and for the year ending November 2026, an interim dividend of 55 yen and a year-end dividend are assumed, shown on a post-split basis. AUM has expanded to about 2.73 trillion yen, and the company intends to pursue a portfolio management approach balancing stable businesses and trading activities, while addressing geopolitical risks and fluctuations in money markets.