Fiscal Year Ending November 2026 Q3 Earnings Presentation

Performance Overview

For the third quarter of the fiscal year ending November 2026, net sales totaled 65,220 million yen (FY25 Q3 cumulative +34.4%), operating income was 9,760 million yen (progress exceeding +68%), ordinary income was 8,890 million yen, and net income attributable to owners of parent was 6,070 million yen. The revised full-year forecast is net sales of 89,100 million yen, operating income of 10,400 million yen, ordinary income of 8,700 million yen, and net income attributable to owners of parent of 6,000 million yen. Against the backdrop of progress in the mid-term plan "Find the Value 2026", the company will continue growth centered on the renovated condominium business.

Mid-Term Plan and Market Trends

As progress on the mid-term plan, the company is promoting OC fund structuring and exit strategies to increase the number of units sold and improve inventory turnover. Market assumptions include trends in high-priced areas of central Tokyo and recovery/stabilization of the used condominium market, aiming to improve gross profit and gross margin of the renovated condominium business. The policy is to expand growth investments while maintaining financial soundness.