Fiscal Year Ending February 2027 Q1 Financial Summary (Consolidated) [Japanese GAAP]

Overview of results

Land achieved net sales of 626 million yen, operating income of 330 million yen, ordinary income of 383 million yen, and net income attributable to owners of the parent of 341 million yen in the first quarter of the fiscal year ending February 2027. All figures were negative or lower in the previous year’s quarter, but substantial improvement was realized in this quarter. By segment, Real Estate contributed 165 million yen in net sales due to the delivery of buy-and-sell transactions, Renewable Energy-related investment business contributed 460 million yen due to the monetization of a joint venture storage facility, and operating income of 420 million yen was recorded.

Outlook and financial position

At the end of the first quarter, total assets were 10,804 million yen and net assets were 9,535 million yen, with an equity ratio of 88.2%. Full-year performance guidance has not been changed from the previously disclosed figures, and dividend guidance is undecided. The financial position remains solid, with total assets increasing due to higher inventories. Going forward, management will monitor trends in Real Estate and Renewables segments and assess how future capital investments and funding may impact finances.