FY March 2026 Q3 Financial Summary [Japanese GAAP] (Consolidated)

Performance Overview

For the cumulative third quarter period of the fiscal year ending March 2026 (April 1, 2025 to December 31, 2025), net sales were JPY 87,542 million (up 4.3% YoY), operating income was JPY 10,973 million (up 11.3% YoY), ordinary income was JPY 11,250 million (up 13.7% YoY), and net income attributable to owners of parent for the quarter was JPY 7,881 million (up 15.5% YoY). In the construction business, labor shortages and elevated material costs persisted, while in the development business, the supply of new condominium units in the Tokyo metropolitan area continued to decline and sales prices rose. Demand remained steady mainly in high-end properties in central Tokyo targeting affluent customers.

Financial Position and Dividend Status

Total assets decreased by JPY 683 million from the previous consolidated fiscal year-end to JPY 172,270 million, net assets increased by JPY 4,650 million to JPY 126,918 million, and the equity ratio improved to 73.7% from the previous fiscal year-end. The annual dividend forecast for the fiscal year ending March 2026 is set at JPY 58 (up JPY 2 from the previous year). There is no revision to the earnings forecast, with full-year net sales expected to reach JPY 135,000 million, operating income JPY 18,600 million, and net income attributable to owners of parent JPY 13,100 million.